In this Swissquote review, you will get to know about one of the world’s leading online broker who has been offering quality trading facilities for years. The trading platform is quite popular among all the traders and lets the traders trade various commodities. Let’s know why the platform is so popular.

Swissquote review

swissquote forex

Speaking about Swissquote, it is a leading and well-known online trading and financial services provider in Switzerland. The company has been listed on around 6 Swiss Exchange. It has another entity named Swissquote Bank Ltd. It is licensed under the Swiss Federal Financial Market Supervisory Authority. It is also regulated by the FCA in the UK with a reference number of 56210.

It offers various types of trading account such as a standard, prime, professional, and premium trading account. The standard, prime, and premium accounts support zero commissions. On the other hand, the broker offers a demo account, which is quite helpful for both new and professional traders.

Though its bank, traders can trade indices, FX options, commodities, currencies, metals as well as bonds through CFDs. Those who have their personal Swiss IBAN number can enjoy the eBanking facility. The traders are allowed to trade through different trading platforms, which also include the broker’s own Advanced Traer platform developed for desktop as well as mobile.

Swissquote has taken over a leading forex broker named MIG Bank Ltd. Besides, it also works as a strategic partner with UBS, PostFinance, Commerzbank, Goldman Sachs, and more. You might have heard about ACM swissquote. In 2010, the company acquired Europe’s leading brokerage ACM. It may be noted that in 2015 it partnered with one of the popular football teams, Manchester United.

Is a broker a scam?

swiss trading account

Most of the new online traders have a single question, i.e., is swissquote a scam? Well, the answer is no. The broker is considered as a serious player in the trading industry, which is completely regulated by the multiple financial authorities of Switzerland. The firm is authorized by four tier-1 regulators and 1 tier-2 regulator. It is authorized by SFC-Security Futures Commission, FCA- Financial Conduct Authority, MAS- Monetary Authority of Singapore, and FINMA- Swiss Financial Market Supervisory Authority.

Swissquote trading comes with all the essential things that a trader wants to form the brokers. The best thing is, it is a bank. On the other hand, the company is operating in this industry for more than 20 years and is listed on the major stock exchange of Switzerland. Feel free to open your trading account with the broker as the firm is legit, and you will have a major financial institution by your side.

Swissquote trading platform

The advanced swissquote trading platform enables traders to have direct access to the global trading market. The platform is highly secured. You will get different options when it comes to using the platform. These are Swiss Dots, mobile application, Themes trading, and eTrading platform. If you are looking for the best options, then you can choose:

  1. Swiss Dots: A perfect and easy to use platform for traders that lets to trade around 90,000 OTC products. The platform also comes with a few extensive tools.
  2. eTrader: This is a multi-asset platform that is ideal for every trader. It has some widgets that will show your account overviews, analysis, ratings, and more. Besides, it has the Trend Radar that shows regular market analysis.

Another great thing about Swissquote is it has an autonomous investing feature. This feature works through a robot that can suggest you best investment option by keep monitoring the market 24×7. It will save your time along with increasing the performance.

Registration and authorization

swissquote trading fees

To start trading through Swissquote, first, you will have to create a swiss trading account. The process is quite easy and will take a few minutes. Here are the steps that you need to follow in order to create an account.

Signing up

The first thing that you need to do is visit the site and click on the “Trading” option. On the page, you will see “Open your count,” click on that. Once done, you will see a window asking whether you have a swissquote bank or swissquote offshore account or not. If you have one, then click on Yes to let the platform obtain the personal information from the account. If not, then click on “No.”

Providing personal information

Now, you need to fill the online form with all the required information, like name, address, contact details, and more. Now click on next to complete the Profile.

In the profile section, you need to choose your planned investment and other details given on the form.


Here you need to verify the data submitted by you. For this, you need to upload proof of residency and proof of identity. You can submit your national ID, utility bill, an official certification of residence, or you’re a photocopy of your passport. Once you are done with all these things, your account will be sent for approval. You will be notified about the same through your email.

You need to follow the same account opening process to open the swissquote forex account.

Delete account

swissquote trading

The traders, if want to close their account, should send a registered letter to Swissquote requesting to close the account. The traders can’t close their accounts directly.

Demo account

If you are using the platform for the first time for trading and want to try out its features and trading tool before opening a real trading account, then you can try out its demo account. The demo account has some amazing features, such as integrated watchlist, Trend Rader market analysis, quick search, personal workspace widget, and offers all the latest financial as well as trading news. Use it, enhance your trading skills through the tutorial and webinars available on the platform, and then enter the real trading industry.

Deposit and commission

The minimum deposit varies with account types. For a premium account, the minimum deposit limit is €1,000. On the other hand, to open a Prime account, you will have to deposit at least € 5,000. The minimum deposit amount for an Elite account is €10,000, and for a professional account, it is also €10,000.

One can deposit money through credit cards, Wire Transfer, Crypto wallet, and China UnionPay. The traders can deposit in CHF, CZK, HUF, USD, AUD, EUR, GBP, PLN, and JPY. They can’t go for any third-party payments.

The swissquote trading fees greatly vary based on the market type and the account you are using. With Premium, Prime, and Standard account, you will enjoy commission-free trading. It may be noted that the company doesn’t charge any fees for deposit or to maintain the account. However, your bank may charge you a transaction fee.


swissquote offshore account
Swissquote offers free withdrawal feature. To withdraw, you need to fill-up and submit the withdrawal request form online. The transactions are generally carried out through bank transfer. You need to submit the form within three days of the date you have mentioned on the form. If they receive your form on the 4th day, they will reject the withdrawal request. Once accepted, the amount will get credited to your account within 2 to 3 working days.

Mobile trading

Swissquote also has its own mobile app. Using the app, the traders can use MetaTrader 4 and MetaTrader 5 trading platforms. The app is available for both iOS and Android device users. You can access the live as well as demo swissquote fx and other trading platforms using the app. It is very easy to use and comes with some of the features that the desktop version has. However, you can’t access the customer analysis report through the app.


Swissquote Bank SA

Ch. de la Crétaux 33

Case Postale 319

CH-1196 Gland

Phone: +41 22 999 94 11

Fax: +41 22 999 94 12


Reviews of traders

swissquote fx

  1. I completely trust Swissquote as the broker is actually a bank. The trading and services related to swissquote fx and other trading are smooth and professional. It facilitates a lot of trading options, which is quite limited with other brokerages. If you want to learn millions in forex trading, then I would suggest you go for Swissquote without any doubt. – Charles Martel
  2. When I started trading, I had little knowledge about the trading industry. One of my friends recommends me to use Swissquote’s demo account. I got to learn a lot of new things while using the demo account. It really has some unique features and tools. Besides, the webinars were also great. I think not only just new traders; the professional traders can learn many things regarding trading using its demo account. –  John
  3. If you are in search of a legit, serious online broker having strict regulation, then Swissquote will be the perfect place for you. It is a top-quality broker that has everything a trader wants. The withdrawal process is a little strict but fast. It takes only two to three days. I have been using its both desktop and mobile platform and have not faced any issues till now. – Matt Henshaw.

( 1 assessment, average 5 from 5 )
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