Swissquote Ltd

The Company

Swissquote was established in 1996, and currently is as one of the most reputable online forex brokers worldwide, allowing more than 200,000 institutional and private customers to trade a broad array of commodities, currency pairs and indexes.

Swissquote is a brand owned by Swissquote Bank Ltd., an official public bank that is which is controlled by the Swiss Financial Market Supervisory Authority (FINMA) and is part of the International Swissquote Group. The group currently employs more than 500 employees and has branches located in Dubai, London, Malta and Hong Kong to serve customers across more than 120 countries. Swissquote Group Holding Ltd (SQN) is listed on the SIX Swiss Exchange.

Additionally there is the fact that Swissquote Group has also announced that Swissquote Group has set up an UK subsidiary, Swissquote Ltd. It is licensed with an FCA license and offers online trading in commodities, forex, as well as stock index trading for traders located within Europe. European Union.

Security of Funds

Since Swiss broker are required to have an banking license and, consequently must meet the strict standards, there is the certainty that Switzerlandquote will be a dependable and reliable broker with regards to security and safety for clients funds.

Swissquote Bank Ltd., operating under the name Swissquote is one of the very few businesses (except Dukascopy Bank SA) that have a banking license issued by the Swiss Financial Market Supervisory Authority (FINMA).

FINMA requires that licensed businesses have the net assets in excess of CHF 20 million. Furthermore, according to the Swiss Banks and Securities Dealers agreement, all deposits of customers of Swiss registered brokers are insured in excess of CHF 100,000 in the scenario of a bank’s failure.

Trading Conditions

Minimum Initial Deposit

The minimum deposit required with Swissquote which makes the broker very attractive and accessible to traders of all types. In reality, one can take advantage of the massive liquidity offered via the Swissquote bank by depositing only 1 USD/EUR/CHF. As a contrast, Ducascopy, the only other licensed Swiss broker, asks for an initial amount of $5,000 from its clients to begin.

Average Spreads & Commissions

Swissquote provides spreads that are variable beginning at 1.8 pip in USD/EUR (on account Standard account) that is quite high but Swissquote does not charge commissions.

Comparatively, Dukascopy offers variable spreads that start at 0.1 pip on EUR/USD, however , a commission charge is charged that ranges from $10 and up to $33 per in a round around, based on amount of trades.

For additional information, you can search for the real-time spreads for fifteen of the top brokers on this page.

Maximum Leverage

Swissquote gives traders a leverage of 1:100, which is thought to be as a low-risk proportion for market. The broker also advises novice traders to utilize leverage less than that on its website, since higher leverage carries a greater risk, and not just the possibility of a multiplier on profits from a tiny deposit.

As a contrast, Dukascopy provides its clients with an maximum leverage of 1200. If you are looking for a greater leverage, check out this the list of foreign exchange brokers that offer leverage up or greater than 1:500..

Trading Platforms

The trading platforms that you can select from with Swissquote include Metatrader 4. (MT4), MetaTrader 5 and AdvancedTrader.

Considered to be the most popular trading platform in the market, MT4 is preferred by the most experienced traders due to its ingenuous, on the trade capabilities, its advanced charting, extensive back-testing and automated trading options using Expert Advisor strategies (EA). In addition, it is a fast and user-friendly design, designed to allow you to trade easily. Here’s a list other forex brokers who offer MT4 platform.

The MT5 however, in contrast, was created and promoted as an enhancement to MT4 however, most brokers still prefer the older technology, as MT5 doesn’t support all of MT4’s indicators or EAs.

You can search for additional brokers who support the MT5 protocol here..

AdvancedTrader is the Swissquote’s own platform that is accessible as desktop, mobile and web versions. It’s user-friendly and simple to switch between one version and another, but one can never make trades on CFDs on it. EAs aren’t supported.

Methods of Payment

Customers of Swissquote can deposit funds into and withdraw funds from their accounts through bank wire as well as credit card (Visa, MasterCard), and China UnionPay.

Conclusion

Very well-regulated and highly reliable broker, and an institution, Swissquote offers online trading across a wide range of financial instruments, under standard trading conditions on a range of platforms.