The FCA regulates Swissquote Ltd, which offers the CFDs trading platforms; Advanced Trader, MetaTrader 4 & MT5. Swissquote offers three forex trading accounts with their PRIME non-commission forex account EUR/USD spreads from 1.0 pips.
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See How Swissquote Stacks Up To These Brokers
Swissquote was shortlisted as one of the best forex brokers in the UK. We view the broker as a suitable choice for experienced traders looking for a reliable and well-established broker with a broad range of trading options. It should be noted, however, that the brokerage does not provide advanced risk management tools that some traders may require. Additionally, Swissquote requires a minimum deposit of USD 1,000 to begin trading, which may place the broker out of reach for some traders.
Swissquote is a publicly traded entity regulated in key markets from the UK to Singapore.
Swissquote, with over 340,000 clients in the world, a capital tier 1 ratio of 29%, and access to over 17 liquidity providers, is one of the most reliable intermediaries in the world. Their regulations include the Securities Futures Commission (SFC), the Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), and the Swiss Financial Market Supervisory Authority (FINMA).
With Tier 1 regulation, a strong global client base and the fact the broker is publicly listed, its reputation score is the maximum of 100/100.
Ipsos, the number one research agency, ranks Swissquote LTD with a score of 5.6 out of 7.0 regarding client satisfaction among Swissquote clients. Swissquote allows opening accounts in more than seven base currencies. Compare Forex Brokers is proud to provide a fair and balanced Swissquote review.
| Forex Trading Platform | MetaTrader 4 | MetaTrader 5 | cTrader |
|---|---|---|---|
| Currency Trading | Yes | Yes | Yes |
| Metals and Energy CFDs | Yes | Yes | Yes |
| Share CFDs | No | Yes | Yes |
| Razor Account Commissions (AUD) Per Lot | $3.50 | $3.50 | 7 Unit Charge |
| Minimum Deposit | $200 | $200 | $200 |
| FIX API | No | Yes | Yes |
Swissquote allows its customers to access the Forex market through 3 award-winning trading platforms:
1) Advanced Trader
2) MetaTrader 4 Platform
3) MetaTrader 5 Platform
Summary Of Online Trading Platforms
| Platform | Accessibility | Adjustable Session Times | Depth Of Market Functionality | Historical Data Access | Algorithmic Trading | Detachable Charts |
|---|---|---|---|---|---|---|
| MetaTrader 4 | Windows MAC Linux |
No | No | Yes | Yes | Yes |
| MetaTrader 5 | Windows MAC Linux |
No | Yes | Yes | Yes | Yes |
| cTrader | Windows MAC Linux |
Yes | Yes | Yes | Yes | Yes |
Additionally, the more sophisticated traders have the FIX API solution available to access the interbank market directly from their custom interface. Swissquote’s API protocol can now be built into your online trading platform to access real-time and historical price quotes and execute orders through Swissquote servers.
Using the MT4 and MT5 platforms can easily enhance your software capabilities. Thanks to the Master Edition add-on: correlation matrix, conditioned orders, mini terminal, and many more features permit you to calculate better the risk exposure and manage the correlated orders and negotiations. Autochartist and Trading Central are technical analysis-based tools for Swissquote clients designed to complement user activity. You can open a Swissquote demo account to test the waters and explore all the features. Make sure you check out our MT4 vs MT5 guides.
On the other hand, the Advanced Trader platform comes with a unique pattern recognition feature, customisable time frames and no Sunday candle. The mobile app version is user-friendly, flexible and enriched by video tips that will help the user to understand how to use it.
Swissquote Trading Tools
Swissquote offers a wide range of analysis and data tools that allow its customers to trade under the best conditions. The technical analysis tools will help you research only the instruments that align with your trading specifications.
1) Automatic Pattern Detection (Advanced Trader only)
Swissquote’s chart pattern recognition leading-edge software allows traders to save time by analysing the most popular chart patterns. Swissquote software can recognise and outline up to 17 of the most commonly used chart patterns.
The automatic pattern detection tool will also indicate the pattern’s strength when your favourite chart pattern is detected. Newbie traders may find this an ideal learning tool for chart pattern trading.
2) Complex Order Types (Advanced Trader only)
Trading with Swissquote.com comes with a high degree of flexibility and complex order management tools. Conditional orders offered by Swissquote can help limit risk and reduce the speed of execution. Additionally, some trading orders are designed to minimize market impact and possibly provide price improvement.
The forex trading platform allows the trader to engage the market with the following extra order types:
One advantage of using these order types is that the contingent order enables you to implement more sophisticated trading strategies.
Swissquote Trading Platform Conclusion
Swissquote has the in-house capability to offer its customers an advanced proprietary trading platform. Their advanced Trader platform is dedicated to professional traders with more experience. For novice traders, the MetaTrader4 and MetaTrader5 are just as good at fulfilling all your trading needs but we recommend comparing forex brokers before choosing Swissquote as they are relatively weak in their MetaTrader offering.
Swissquote offers many types of accounts available to you as a trader. Depending on the goals you have set for yourself and your budget, you can choose between 3 different account types:
There is also a professional account that offers the lowest spreads and higher leverage of up to 400:1. This professional account has qualification requirements, and it’s recommended to get in touch with the forex broker to learn more about the bespoke trading conditions.
Below compares Swissquote Prime to other market makers’ spreads offering non-commission (spread only) accounts. These are the minimum spreads the forex brokers offer, which may increase based on market conditions.
| Currency Pair | Swissquote Prime | OANDA | AvaTrade | FXCM | Dukascopy | EasyMarkets |
|---|---|---|---|---|---|---|
| EURUSD | 1.0 | 1.1 | 1.3 | 1.4 | 1.8 | 1.8 |
| EURGBP | 1.2 | 1.4 | 2.0 | 2.4 | 1.4 | 3.0 |
| AUDUSD | 1.0 | 1.2 | 1.8 | 0.8 | 1.7 | 2.6 |
| GBPUSD | 1.0 | 1.7 | 2.0 | 1.2 | 2.3 | 3.3 |
| USDJPY | 0.6 | 1.2 | 1.5 | 1.6 | 1.7 | 3.0 |
Swissquote enjoys an excellent reputation as a Switzerland brand specialising in online trading. Swissquote Ltd is a branch of Swissquote Group Holding Ltd with headquarters in Gland, Switzerland. But Swissquote has a global presence with secondary offices in:
With over 23 years of experience in forex solutions, Swissquote has placed a high standard on customer satisfaction. Clients are pleased with Swissquote for its award-winning and multilingual 24/5 customer service support. Swissquote is a leading global forex broker that serves clients from over 150 countries, including all 28 EU nations and non-European countries like Australia, New Zealand, Hong Kong, and many others.
Due to some jurisdictions’ strict regulatory environment and laws, Swissquote can’t serve clients from the USA, Canada, Japan, or blocked countries.
Customer service is available in multiple languages: Arabic, Czech, Polish, English, Italian, Spanish, and more. Swissquote experts can assist you in more than 10 languages.
To reach Swissquote customer service, you have several channels available at your disposal:
Swissquote customer support representatives answer emails within the same business day. Clients can reach Swissquote representatives using their different office locations and speak in their native language.
Swissquote Broker Reviews – Global Recognition
Swissquote is highly respected among retail traders and professional traders alike. Swissquote has worldwide recognition and prestige. Ipsos, the number one research agency, ranks Swissquote LTD with a score of 6.2 out of 7.0 in terms of the level of trustworthiness.
The Ipsos study was carried out from Nov 28th to Nov 13th, 2018, among 1540 Swissquote clients. More than 340,000 clients, with assets worth more than CHF 30 billion, from around the world trust Swissquote with their online trading activities.
What sets apart Swissquote Group from other retail Forex brokers is their exclusive partnership with Manchester United, the world’s most valuable football club.
Swissquote Customer Service Conclusion
Our Swissquote UK review discovered their customer support service excelling in 3 main areas:
They ranked mid-tier in our best forex trading platform UK review with some marks lost based on the difficulty in opening an account and making initial trades.
Compared to other forex brokers, Swissquote has a high minimum deposit. This is a safety measure to ensure retail traders are well-capitalised to engage in high-risk leveraged products such as forex currencies and CFDs.
The Swissquote Forex accounts come with different minimum deposit requirements:
The Swissquote Professional Account allows volume-based and custom-made market conditions. To check if you’re eligible for a professional account, get in touch with the Swissquote support team at Swissquote.co.uk.
Before you can deposit funds in your account, you need to open an account with Swissquote. The process of opening a Swissquote forex account follows 3 easy steps:
The Swissquote account opening procedure is quick and easy, and it comes with an effective digital account opening experience.
Swissquote offers its clients three funding options including:
This should satisfy most traders but if you have specific funding requirements (e.g. PayPal) you may need to review our best forex broker UK comparison.
Swissquote Account Base Currencies
Swissquote Ltd offers an impressive array of 9 different currencies. These include USD, EUR, GBP, CHF, JPY, AUD, PLN, HUF, and CZK.
Swissquote Deposit Fees
Swissquote doesn’t apply any fees to deposits and withdrawals. There’s no amount or frequency limit to withdrawals. You can only make a Swissquote deposit from a credit card, bank account, or Skrill wallet in the name of the trading account holder, whether it is a company or an individual.
Withdrawals are available via bank transfer only; they can be requested via the client ePortal. The ePortal service allows each client to manage the account, submit the sub-account request, and update personal data.
Forex trading involves substantial high risks, and it may not be suitable for everyone. Understanding the inherent risk associated with the forex market is the first step in assuring that you don’t lose your account balance. Minimizing the forex risk can be achieved by properly using risk management tools and techniques.
The most popular risk management techniques are:
Swissquote Non-Guaranteed Stop Loss Order
Swissquote Ltd runs an STP execution model on a non-guaranteed stop-loss order policy. Being under the ESMA regime, each retail client is granted negative balance protection, margin call at 100%, and stop out at 50%. However, different conditions are reserved for professional clients such as higher leverage, lower stop-out, and no negative balance protection.
Final Thoughts On Swissquote
This Swissquote UK review recommends their Premium account for:
The combination of fast execution speed, multiple choices of trading platforms, and enhanced trading tools make Swissquote a solid and reliable Forex broker.
Swissquote Ltd is part of a Swiss Banking Group with a rich history of doing business since 1996 when it established itself as Switzerland’s largest financial portal. What makes Swissquote a reliable and versatile forex trading broker is a combination of multiple factors:
We believe there is some value in first trying the Swissquote demo account so you can validate by yourself the outstanding trading services provided by one of the best forex brokers.
Swissquote is listed on the Swiss stock exchange, which obligates Swissquote Group to disclose its financial statements. This can provide potential Swissquote clients with an in-depth look at the company’s health and management success.
Swissquote has a rock-solid background. It is Swiss, it is listed, and it is a bank. It has two entities, one in the UK and one in Switzerland. If you open an account at the London-based entity, you can trade with forex and CFDs, while the Swiss entity gives you access to a wide range of asset classes from stocks to options.
Swissquote is authorised by the following tier-1 regulatory agencies: the Securities Futures Commission (SFC), the Monetary Authority of Singapore (MAS), the Swiss Financial Market Supervisory Authority (FINMA), and the Financial Conduct Authority (FCA).
Dubai Financial Services Authority (DFSA) entity is Swissquote MEA Ltd.
Financial Services Offered
At Swissquote you have a versatile marketplace with a broad range of tradable instruments. Swissquote scores exceptionally well on the available products offered for online trading. You can find trading opportunities in more than 130 forex currency pairs and CFD instruments.
You can trade through Swissquote over 80 currency pairs including the:
Swissquote’s offer also includes precious metals trading. You can trade up to 4 precious metals with Swissquote:
You can trade the precious metal instruments against the main currencies: CHF, USD, EUR, GBP, and AUD.
Swissquote’s forex platform allows trading CFDs on stock indices, commodities, and bonds. Swissquote CFDs offer comprises all the major European and US stock indices, as well as Japan’s stock indices. You also have access to major commodity CFDs such as oil, gas, and copper.
All types of trading strategies are allowed on Swissquote including scalping and mobile trading. No matter what your favourite currency pair is, you have access to a deep liquidity pool that is comprised of 16 major liquidity providers.
You can learn the ins and outs of forex trading with the Swissquote learning centre, which consists of a wealth of educational tools:
The online forex courses will equip the trader with the right knowledge to tackle the forex exchange market and will help you step up your learning curve. The online trading courses are rich in educational videos including introductory tutorials, how-to-trade tutorials, and more advanced video tutorials on risk management.
The Swissquote research team will supply you with tailored products and content like:
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You can learn more about how forex brokers like Swissquote make money and the best spread betting platforms within UK. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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