Swissquote is a global leading online broker established in 1996 by Swissquote Bank LTD, a highly regulated and reputable investment bank based in Switzerland. It serves over 300+ thousand clients globally and provides clients with top-notch trading solutions suitable for both beginners and professionals.
The broker’s product offering is branched out into two. The first is its investment products which include investment products such as shares, warrants & derivatives, options, futures, funds, ETFs, indices, forex, commodities, bonds, and cryptocurrencies, with over 3 million financial products available on international markets. These investment products can be accessed by opening a brokerage account with the Swiss investment bank.
On the other hand, Swissquote also offers a Forex and CFDs retail trading platform which provides traders with access to a variety of instruments including Forex and CFDs on stocks, stock indices, commodities, and bonds, with exposure to over 300+ instruments.
Along with being a highly reputable and regulated broker, Swissquote also offers innovative trading solutions and analysis tools to meet the wide range of demands and needs of its clients. These include a wide spectrum of investment products, a variety of tradeable instruments, transparent fee and pricing structure, industry-standard trading platforms, low latency, fast order execution, deep liquidity, and much more.
Swissquote Broker Overview
| Broker | Swissquote |
|---|---|
| Established | 1996 |
| Head Office | Ch. de la Crétaux 33, Case Postale 319 CH-1196 Gland, Switzerland. |
| Regulations | FINMA, FCA, MFSA, DFSA, MAS, SFC |
| Publicly Listed | Yes |
| Broker Type | STP, ECN |
| Product Offering | Shares, Forex, warrant & derivatives, options, futures, funds, ETFs, indices, commodities, bonds, cryptocurrencies, and CFDs. |
| Trading Platforms | Advanced Trader (Swissquote’s proprietary trading platform), MetaTrader 4, MetaTrader 5, and Fix API. |
| Instruments | Shares, warrant & derivatives, options, futures, funds, ETFs, indices, Forex, commodities, bonds and cryptocurrencies, Forex currency pairs, CFDs (on stocks, stock indices, commodities, and bonds). |
| Minimum Deposit | Standard account – $1,000 Premium account – $10,000 Prime account – $5,000 Elite account – $10,000 |
| Account Currencies | USD, EUR, CHF, GBP, PLN, AUD, JPY, CAD, AUD, TRY, SEK, NOK, SGD, XDG, HUF, CZK, NZD, DKK, ZAR, MXN, HKD, THB, ILS and AED. |
| Maximum Leverage | 1:100 EU – 1:30 |
| Pricing Model | Spreads and Commission. |
| Lot Sizes | Micro, Mini, and Standard |
| Payments Options | Bank Payments and Card Payments. |
| Demo Account | Available |
| Scalping | Yes |
| Hedging | Yes |
Pros and Cons
Pros
- Highly regulated, with regulations from top-tier regulatory bodies around the world.
- Access to a wide spectrum of investment products including shares, warrants & derivatives, options, futures, funds, ETFs, indices, commodities, and bonds.
- Access to a variety of tradeable instruments such as Forex and CFDs (on stocks, stock indices, commodities, and bonds).
- Low latency and fast order execution.
- Access to industry-standard trading platforms MetaTrader 4, MetaTrader 5, Fix API, and Advanced trader (Swissquote’s proprietary trading platform).
- Multi-lingual customer support service with extended support hours.
Cons
- Does not accept clients from the United States.
- Deposit and withdrawal options are limited to only bank wire transfers and card payments.
- Limited CFDs instruments.