To understand whether Swissquote is suitable for you or not, I recommend to pay attention to these 3 things: reputation, trading conditions, and regulation.
For how long the company is in the market?
- Swissquote Bank is in the market since 2000.
What are the main advantages here?
- The main advantages of Swissquote Bank are the wide range of trading tools, a very well-designed website. It is a good place to keep and monitor your portfolio.
Did you find any reasons not to work with this broker?
- We did not find any reason not to open an account to test this company.
Does Swissquote Bank have swap-free (Islamic) accounts?
- No, as far as we know Swissquote Bank is not suitable for Arabic traders.
What is the minimum deposit amount?
- It is possible to start trading at $100.
What this broker regulated?
- Yes, Swissquote Bank is regulated by FINMA, MFSA and DFSA.
Anything special about spreads and margin leverage?
- Swissquote has the lowest margin requirements among all companies that we analyzed. Margin
requirement for Eur/Usd is 1%.
|Avg rebate per lot||$4.00|
|Trading platform||MT4, MT5, Java, Integral, Web|
|Minimum trade size||0.01|
Suspicious reviews that we found
I was client there for about 10 years. If you like to loose money because of Softwareproblems they always have, you’re right there. As they started with forex it even came more worse. The FX-book they call as their platform has many errors, and they can’t solve it. Swissquote should test and wait, and then bring something. For Shares or options, they are ok, but as readable in their Forum, a lot of people have problems with them. EURUSD Spread: 4 Pips! They should wake up ….*
*The review was found on ForexPeaceArmy. Meanwhile, we have no tools to check if this review is real and if the issue is resolved or not.
High-tech broker with an excellent reputation. Conditions for trading are comfortable. Here I polished my trading strategy, studying market indicators, expert summaries, technical analysis of the market and other materials. The conclusion is only on plastic cards or through bank transfer – the bank still. The absence of electronic payment systems is rather a minus, but reliability of withdrawal is an advantage.
I will say right away, I started working with them after trying to trade with our kitchens, which did not work out very well. The impressions are positive, especially if we compare the broker with our DCs. Spreads are moderate, the trading platform is also fast. The execution speed is high, for scalping and trading robots is what you need. All the same, the ECN system makes itself felt. From the shortcomings I can allocate a long account opening (about 2 weeks) and a minimum deposit. If you have questions about this broker, write to me.
He started trading through the Swissquote Bank. He traded with several brokers in Russia. Gradually I turn to Swissquote, and I also transfer my clients. Managing account (investment). Impressions are positive.
Now the cooperation with this broker looks more real. If I’m not mistaken, before, maybe it was a long time ago, they had a minimum deposit in the region of $ 5,000, now only $ 1,000, the amount is several times more real. Of course, for beginners, I would not recommend opening such first accounts, but for experienced traders the amount is quite adequate. At the first opportunity I will work with them.
Call the terms for this broker the best really complicated, but if we talk about reliability, then there is no doubt, and the performance is almost the best!
Lost my deposit – about 250$ – only due to manager’s mistake.
Don’t work with them!
With banks to work not only reliably, but also it is favorable under one condition, that you can afford to operate by tens of thousands of dollars. When I become so rich, I will also try in Swissquote.
This bank (Swissquote) at the moment provides the most favorable conditions for me. But working with it is quite a costly investment, so while you need to save up for a deposit.
Swissquote is a normal bank. Spread they average, but the performance is super! In addition, given the bankruptcy of our cuisines, it is the only right decision to switch to trading in a bank. And let it be better Swiss than ours. There were problems with opening an account, I waited 3 weeks, but now I am completely satisfied. If anyone has questions about this broker, write to skype – trendfxtrader, I can also share the real trading experience with it.
The company is not cheap, you need a good deposit from Swissquote. But having studied about it more, I understood that the broker can be trusted. Just not the kitchen.