Swissquote Review

Regulated by: FINMA

Headquarters: Switzerland

Ranking: 32

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: [email protected]
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.


I have been in trading business for almost 30 years and the latest 15 years of this period has been devoted to foreign exchange trading. After the boom of forex brokers offering lucrative features like leverage, 24/5 trading hours and wide diversity in pair instruments, I have tried and traded with more than thirty forex brokers in several different countries.

Risk Warning:

Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.