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 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: | |
| 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
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Reliability - 9/109/10
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Deposit & Withdrawal - 6.5/106.5/10
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Bonus - 5/105/10
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Customer Support - 7.7/107.7/10
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Overall Trading Conditions - 7.9/107.9/10
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.
this broker is really good, seriously, all of us have difficulty when choosing a good forex broker, after I got frustrated by a broker in cyp, I was very surprised with such great service. among the best STP brokers for forex, no limits on trading and fast money withdrawals. Have 6K account but planning to ramp up more. well done swissquote