The beginning of the company started back in 1990 by set-up of Marvel Communications SA, a business specializing in financial software and web applications. Further on, the business model became Swissquote through the launch of the first financial platform in 1996, which offered free access to private investors’ real-time prices for all securities traded on the Swiss stock exchange and with the mission to democratize banking.
And actually, until now Swissquote is visited 2 million times per month and is still Switzerland’s largest financial portal.
Through their milestones, Swissquote takeover of MIG Bank Ltd, one of the leading Forex worldwide broker, also behaves as a strategic pather with PostFinance and numerous other world leading financial institutions like Goldman Sachs, UBS, Commerzbank, Vontobel, etc.
The Swissquote provides mainly a range of online trading services, yet the user-friendly platform also offers solutions for eForex, ePrivate Banking, eMortgage and flexible saving accounts. In addition to a low-cost service for private clients, Swissquote also developed specialized services for independent asset managers and corporate clients.
In addition, the firm takes an active part in social contribution and support. Since 2015 Swissquote is in a global partnership with Manchester United, one of the most popular football teams in the world.
10 Points Summary
FINMA, FCA, MFSA, SFC, DFSA
eTrader, Swiss DOTS
Shares, Warrants and Derivatives, Options and Futures, Funds, ETFs, Indices, Forex, Commodities, Bonds and Cryptocurrencies
💰 EUR/USD Spread
🎮 Demo Account
💳 Minimum deposit
💰 Base currencies
USD, EUR, GBP
Provided with research tools
☎ Customer Support
Is Swissquote safe or a scam?
First of all, Swissquote Bank Ltd holds a banking license issued by its supervisory authority the Swiss Federal Financial Market Supervisory Authority (FINMA) and is a member of the Swiss Bankers Association. Furthermore, world established branches are the subsidiaries of the Swissquote Bank and respectively authorized by the relevant to the country regulators. Thus the reputable regulation from Switzerland along with other authorities bringing a clear state on transparent and trustful operation Swissquote performs.
Authorized by MFSA (Malta) registration no. C 57936
How are you protected?
In general words, the sharp regulation of the broker means that every transaction and action it does is overseen and reported strictly. In addition, the broker and bank at the same time do not only acting fairly towards the clients, since authorities may fine entity in case of a breach but also compensating and covering clients risks by various means.
And actually, this is the main reason why every trader should consider only well-regulated brokers and do not fall under offshore trading, which lacks any guideline.
The Swissquote direct access to the markets provided by the highly secured and powerful platforms which the company chose to offer, that are also divided by the financial instrument client trades or investor’s profile.
The choice comes to eTrading platform, Swiss DOTS, Themes Trading and Mobile applications, so you are able to choose and cover your particular need. Actually, a proposal is truly impressive so see below do general info and choose the best for you.
– eTrader is a multi-asset platform suitable for all traders, enable to achieve objectives in a simple and intuitive way. Widgets on eTrading platform bringing account overviews, ratings and analysis along with daily analysis through Trend Radar.
– Swiss DOTS a platform for derivatives with more than 90,000 OTC products offers competitive conditions at 9.- flat with range of extensive tools
Moreover, free applications designed for any device iPhone, Android, Smartwatch and even Apple TV, offering sophisticated technological solutions. Various tools can be connected to the platform, exclusively to swiss clients’ availability to trade with a virtual reality headset, or through MacOS screensaver or TV and more.
Another great Swissquote feature is autonomous investing without an emotional impact developed and brought by robots that deliver precise results, increase of performance and saving time. The robo-advisor is an electronic asset manager that creates a portfolio and monitors around the clock. The Robo-Advisors works with the same algorithm applied to the Swissquote Quant Fund, which received the Lipper Fund Award for the best performance over three years in 2016.
The trading accounts optimized according to the trader type and can be either private or B2B accounts. The trading account or Forex account brings a choice of multi-asset platforms, or ePrivate account brings an option to optimize portfolio with Robo-Advisors. All above-mentioned accounts available in the demo version too, to practice and get familiar with the systems.
Experienced or either starting traders will find the instruments best suited for optimal investment and need, the choices diverse to Shares, Warrants and Derivatives, Options and Futures, Funds, ETFs, Indices, Forex, Commodities, Bonds and Cryptocurrencies.
The attractive rates presented for Funds, ETFs and Swiss DOTS starting from 9 pips, Options and Futures from 1.5 CHF. While, the cryptocurrencies trade has quickly established itself as a leader that brings an infinity opportunity to trade through 5 available instruments Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.
The transactional or trading cost for all instruments diverse according to the trading size and trader’s activity, while generally considered to be on a low spread level. E.g. while trading Cryptocurrencies for amount equivalent 5 – 10,000 CHF 1% fees will be charged, as long as the size goes above it can reach 0.75% fees or even 0,5% only.
See below Swissquote typical trading fees for popular instruments, you can also compare Swissquote trading fees to another Swiss broker Dukascopy.
Swissquote spread – Standard Account
Crude Oil WTI
Swissquote mentions on its website a Standard Leverage level of 1:100. However, according to the regulation particular entity falls under the specific requirements, therefore the rates may change, as well as the level of trader professional or retail always affect the rate too.
Therefore, European clients entitled to use a maximum of 1:30 for major currency pairs and even lower for other instruments.
Nevertheless, every trader should learn how to use leverage smartly, as high rates increasing risk level too, which may cause loss of money.
Deposits and Withdrawals
Transaction of funds is an easy and quick process at Swissquote, as the funding options including the most major one’s Wire Transfer, Credit Cards Deposits, China UnionPay and now use even recently presented Crypto Wallets.
The minimum deposit amount is set to a 1,000$ for the Standard account and goes higher according to the trader’s size. The withdrawals processed through unique Swissquote eBanking services that allow to add or withdraw funds and manage account simply and conveniently.
The fees are depending on the payment method but generally, Swissquote does not charge deposit or withdrawal fee, as well deploy 0 account maintenance fees.
Established in Switzerland online bank the Swissquote withholds all necessary licenses and follows sharp regulations, as well due to the global presence regulated by additional reputable authorities. That means the company is held to high ethical, security and transparency standards, so customers can trade with complete peace of mind.
The traders who require a multi-asset solution the Swissquote bank is a good option, through access across a vast array of exchange-traded sides. The technical solution from the company is quite impressive too, in addition, any trader can benefit from the leading online-bank solutions for your comfort and need. Along with educational materials, worldwide supporting offices and trustworthy offers all in all worth consideration.
Lastly, it will be good to know your own thoughts about Swissquote, so you may share your experience in the comment area below.
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Swissquote as a leading online Swiss bank and broker looking to diversify its portfolio by adding an opportunity to trade FX Vanilla Options. Newly added Swissquote options are available for 45 currency pairs that offer individual trading strategies together with expiry dates tailored to days or even one year. In addition to that, FX options...