Swissquote Review

Regulated by: FINMA

Headquarters: Switzerland

Ranking: 26

Spread: 1.7 pips (EURUSD)

Leverage: 100:1

Minimum Deposit: $100

Swissquote Review & Author's Comment

Swissquote is not only a forex broker but also officially licensed fully functional bank regulated by FINMA in Switzerland. So when you deposit money to your Swissquote forex account, it is as secure as depositing money to a Swiss bank account. The firm was founded in 1997 and listed in Swiss stock exchange. This removes all the question marks and doubts about reliability of Swissquote whom I would call one of the most professional and institutionalized forex brokers in the industry worldwide.

Enough for pros… How about cons? Spreads are high and leverage is low compared to many other forex brokers. 1.7 pips minimum spread for EURUSD is not going to make scalpers and intra-day traders satisfied. Especially when there are brokers like XM and Pepperstone who offer ECN accounts with spreads as low as 0.3 pips. Besides, 1:100 leverage doesn’t look impressive next to the 1:888 leverage offered by XM and 1:500 leverage offered by STO.


Broker Detail
Adress: Ch. de la Crétaux 33Case Postale 319CH-1196, Gland, Switzerland
Phone: +41 44 825 88 85
Web:

http://www.swissquote.com

E-Mail: forex.support@swissquote.ch
Regulator: FINMA
Year Founded: 1997
Instruments
Forex:
Precious Metals:
Energy:
Soft Commodities:
Indices:
CFDs:
Stocks:
ETFs:
Bonds:
Options:
Cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, Litecoin
Account Options
ECN Account:
Swap-Free Account:
Nano Account:
MAM / PAMM Account:
Demo Account:
Funding Methods: Wire Transfer, Credit Card
Withdrawal Methods: Wire Transfer
Customer Services
Live Chat:
24 Hours Support:
Languages: Arabic, Chinese, English, French, Italian, German, Russian
Platforms
Supported Platforms: MetaTrader 4, MetaTrader 5, Advanced Trader
Webtrader:
Mobile: IOS, Android
Trading
Leverage: 100:1
Spreads: As low as 1.7 pips for EURUSD on Standard account
Minimum Deposit: $100
Fixed Spreads:
Automated Trading:
Hedging:
API Trading:
Negative Balance Protection:
Accepts Clients from the US:

Swissquote Review

Swissquote Review
  • 9/10
    Reliability - 9/10
  • 6.5/10
    Deposit & Withdrawal - 6.5/10
  • 5/10
    Bonus - 5/10
  • 7.7/10
    Customer Support - 7.7/10
  • 7.9/10
    Overall Trading Conditions - 7.9/10
7.2/10

Summary

Founded in 1997 and listed in Swiss stock exchange. Very reliable and known as one of the most professional and institutionalized forex brokers in the industry worldwide.