Swissquote Review: Is Swissquote A Good Broker For You?

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Traders should proceed with care and use smaller leverages initially until they have sufficient trust in their trading techniques. You can get in touch with customer
support through email, phone, or live chat. Swissquote also offers a wide range of e-books
covering different trading topics. You need to pay the swap fee when you hold a
position open overnight.

  • It’s important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn’t allow automated trading scripts such as Expert Advisors.
  • Detailed information on the Swissquote trading platforms is available on their website.
  • In addition to transparent pricing, Swissquote offers competitive spreads.
  • The Autochartist plugin can scan the market for volatility and provide trade alerts, automatic technical analysis, event effect analysis, and more.
  • The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Swissquote.
  • Swissquote tries to offer a wide range of currency pairs to cater to the diverse trading needs of its clients.

Swissquote addresses client inquiries through several channels, encompassing live chat, email, and telephone support, ensuring that clients have multiple avenues to seek assistance. Swissquote does not impose any account maintenance charges, enhancing overall affordability for traders. Swissquote strives to maintain clarity and transparency in its pricing structure, ensuring traders can make informed decisions with no hidden charges. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker.

Is Swissquote trading good?

The credit/debit card
deposit is instant, while the bank transfer takes 1-3 days for the funds to
reflect in your account. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. Themes Trading is a collection of dynamic themed portfolios, which means you swissquote review don’t buy individual stocks but rather collections of equities chosen by our Swissquote experts. Investors that choose this theme investment are anticipating the future and may thus position their portfolio for faster growth. This is a great feature and something that I have not seen many other brokers offer which helps Swissquote stand out even further from the stiff competition.

Some of the platform’s unique features are
social trading, algorithmic trading, and advanced charting tools. Moreover, they offer a wide range of
trading tools like market analysis, trading signals, and an economic calendar. The broker also has a good education centre that offers trading courses,
e-books, video tutorials, and webinars. They are a safe and reliable
online broker suitable for both novice and experienced traders. Swissquote
offers a full-fledged suite of products and services at good prices. Swissquote provides access to cutting-edge trading platforms designed to cater to traders of all levels.

I managed to access later, but it was promised that someone would contact me. A bad experience and a complete waste of my time for an update on my app. Stop Loss orders are guaranteed only during market hours and under normal trading conditions. With Negative balance protection, traders cannot lose more money than they have deposited. It is important to note that Swissquote may request additional documents or information to verify your identity or comply with regulations.

  • Financial regulation and licensing are crucial for creating a secure trading environment for Swissquote traders.
  • What is good for a certain trader does not necessarily
    mean the same thing to you.
  • Swissquote charges 2 Swiss francs, 2 euros or $10 per withdrawal, depending on the currency you withdraw.
  • Clients need to open an account with the broker to trade stocks, ETFs, funds, bonds, futures, options, foreign exchange, and CFDs.

Founded in 2015, Naga is a multi-regulated brokerage firm dealing in stocks and CFDs. The company provides the best trading conditions for both retail and institutional trading. This review will discuss how to invest your funds on NAGA trading platforms and apps. We will explore the broker’s fees & commission, safety measures, spreads, leverage, account types and payment options.

Swissquote Minimum Deposit

Traders can access an extensive selection of major, minor, and exotic currency pairs through Swissquote’s forex trading services. Major currency pairs such as EUR/USD, GBP/USD, and USD/JPY are available, providing traders with exposure to the most heavily traded currencies in the world. Swissquote offers a variety of account types suitable for the differing needs of traders. The main differences between the accounts are the spreads offered, minimum deposit required and minimum lot size. Swissquote has trading tools built directly within the trading platforms and offer the award-winning automated chart analysis software, Autochartist.

Options contracts don’t come with an obligation, while future contracts necessitate you to execute your deal. The company supports 45+ tradable assets under the futures and Options category, while the maturity date for your desired financial instruments can vary between 1 and 365 days. ETFs or exchange-traded funds are bought and sold on a stock exchange. ETFs portfolio typically comprises various underlying assets that attempt to replicate the performance of a market index, such as the Swiss Market Index. 9,000+ ETFs are available from reputable investment banks and financial organisations at Swissquote.

Swissquote Deposit and Withdrawals

For Stock Indices, the order will be executed at market best conditions. The market execution order is executed at the best available price or rejected if no price is available; the order is filled for the full amount but can be filled better or worse than the requested price. Swissquote Financial Services (Malta) Ltd is regulated under the supervision of the Malta Financial Services Authority (MFSA) with a category 4 license. But for now, combined with their extensive support, educational material and product offering – Swissquote are a solid choice to get started with Swiss based trading. You simply can’t compare Swissquote in terms of pricing to one of the cheaper online brokers such as DEGIRO. If price is the most important factor to you, check out DEGIRO or Interactive Brokers (review coming soon) who are both much cheaper.

Swissquote Compared To Other Brokers

Advanced Trader, Swissquote’s in-house web platform, allows users to manage and rearrange layouts based on their preferences. There are robust in-app capabilities and tools for handling orders on this platform. Traders who use the Advanced Trader platform have access to exclusive market news and can easily transition between the web, mobile, and desktop versions of the platform. Swissquote offers approximately 130 different markets for trading, including FX, indices, precious metals, bonds, and commodities, so it can meet the needs of traders with a wide range of preferences.

Swissquote MetaTrader 5 Advanced Trading Tools

You may customise the interface with the instruments and tools that you require based on your preferences. It has capabilities that allow you to complete trade activities more quickly. Chart analysis tools include 40+ technical indicators (Moving Average, MACD, Bollinger Bands, Stochastic, RSI, Heikin-Ashi, and so on) as well as an integrated real-time news feed from Bloomberg and Swissquote.

Its solid regulatory standing and commitment to innovation contribute to its status as a trusted partner for traders worldwide. Exante is a global investment company with a presence in Cyprus, Hong Kong, United Kingdom, and several other countries. This Exante review provides an in-depth discussion of this broker’s services. It covers their trading platforms and apps, fees, commissions, account types, spreads, and safety protocols. Headquartered in Switzerland, Swissquote is a public limited company listed on the SIX Swiss Stock Exchange.

Each of these courses is very comprehensive and covers all the
essential topics related to the market. You need to contact the Swissquote customer
team to know more about the professional account as it is designed for
high-net-worth individuals and institutional traders. However, the maintenance
margin is 100%, and the stop-out level is 30%, similar to other accounts. There are several deposit and withdrawal
methods available at Swissquote brokers. The most popular deposit methods are
credit/debit cards, bank transfers, and e-wallets.

What does it mean to have your funds in Swissquote deposited in a Tier 1 bank?

On the mobile platform, you may configure pricing, news, and order confirmation alerts and notifications. Swissquote’s support of the popular MetaTrader platforms and its excellent proprietary Advance Trader platform give traders at all expertise levels an excellent trading experience. The platforms are highly intuitive and can easily be learned by beginners. Yes, Swissquote provides a range of educational resources, such as webinars, video tutorials, trading guides, and market analysis, to help traders enhance their trading knowledge and skills.

Our team has endeavored to break down the complex world of trading with Swissquote into easily digestible information in this Swissquote review. We want to ensure you have all the knowledge necessary to use the Swissquote trading tools confidently, from depositing and withdrawing funds to executing trades. The choice of trading instrument is sufficient, and offered instruments are enough for 99% of Forex traders. Swissquote also gets an extra star for having its own platform, even though it looks old and might be sluggish at times, it is still a good platform which currently works on MacOS, unlike MetaTrader. Traders can use Visa and Master Card to funds their accounts via Paysafe (Skrill and Neteller group) payment service provider or a direct bank wire into Swissquote Bank in Switzerland.