Swissquote Review 2025: Pros, Cons, & Fees
Compared to other Swiss banks, the fees are attractive and transparent. Swissquote is the ideal provider if you want to build up a diversified portfolio over the long term. At Swissquote you get a huge selection of financial products at fair prices and with Swiss security standards. Swissquote provides a demo account that enables individuals to explore trading before investing their funds. By creating a Swissquote practice account, users can gain experience and knowledge of how to trade effectively.
Navigating Financial Markets with Precision
It’s essential to complete the Swissquote KYC compliance process as soon as possible to avoid any delays in accessing the Swissquote platform’s features. Even if an Swissquote trader experiences a significant loss, they will never owe more money than what is available in their Swissquote account balance. Swissquote offers various funding payment methods listed in your Swissquote dashboard if available in your region. To learn more about the Swissquote funding and withdrawal options available in your area, you can explore the Swissquote website. Below we give an overview of the account types that Swissquote offer.
Is Swissquote trading good?
- Download the Metaquotes MetaTrader 4 Program free of charge from Apple’s App Store.
- After logging into your Swissquote account, you’ll find a range of trading platform options available below.
- It is regulated by the FCA in the UK and by multiple regulators across Europe.
- MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts.
Specific fees for futures trading are clearly delineated to maintain transparency. Swissquote strives to maintain clarity and transparency in its pricing structure, ensuring traders can make informed decisions with no hidden charges. We hope you found our review of the Swissquote brokerage firm useful. While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Swissquote, before live trading. You can download the Swissquote app or trade with Swissquote through the MetaTrader 4 application on the Apple app store.
What you will need to open an account with Swissquote
In other words, Swissquote leverage profits and losses are magnified when trading. For instance, using CFDs, you use the Swissquote trading platform to buy/sell $10,000 worth of Apple https://traderoom.info/is-swissquote-a-safe-brokerage-to-trade-through/ Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.
Swissquote deposits are fee-free, and generally take up to 3 business days to get through when using wire transfers. If you use Visa and Mastercard deposit methods, the funding process usually takes a maximum of a couple of hours. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. Swissquote has nearly three decades of experience since its founding in 1996 as a bank. As of 2023, Swissquote reached close to 600k customer accounts and 58.0 CHF billion client assets. The sheer range of activities Swissquote is involved in means that the firm is competing with dozens of other providers of investment, banking and trading services across developed world markets.
Swissquote has a diversified ownership structure, with approximately 28% of shares held by the public and the rest owned by its founding members, board members, and institutional investors. If you’ve enjoyed our high-quality guides, you will love Europe’s best Wise Investing newsletter even more. All email queries to Swissquote were answered helpfully within a few hours. The company is profitable and has a long record, being founded in 1996. It is regulated by the FCA in the UK and by multiple regulators across Europe.
Swissquote Trading Platforms
They offer a VIP style set of account privileges such as priority customer service contact for those investing over 1 million Euros via the Luxembourg based Swissquote Bank Europe entity. Customers receive the virtual Debit Mastercard free of charge, while the physical debit card costs CHF 6.90 per month after the 6-month trial period. With the physical card, cash withdrawals at ATMs in Switzerland are included. The card offers all common mobile payment functions (Apple Pay, Google Pay, Samsung Pay, Twint) as well as eBill. Swissquote is the first bank in Switzerland to enable payments with cryptocurrencies. You also receive cashback for every transaction in the form of trading credit (credit for trading fees).
Account funding at Swissquote
You can execute your transactions using either the desktop version or the app. The desktop trading interface offers many useful functions and information. Swissquote meets the needs of both the beginner and the professional trader. Swissquote also emphasises data security with encrypted data transmission, protects stored sensitive information, and offers solid and reliable trading platforms. Swissquote is a multifaceted well-regulated broker and bank catering to a diverse clientele, mainly seasoned day traders and scalpers, long-term investors and those seeking robo-advisory services. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.
That said, costs vary by branch and the Luxembourg entity (formely known as Keytrade) is quite competitive. Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.