Swissquote Review 2024
Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail CFD accounts lose money. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Swissquote, established in 1996, offers a highly recommended forex and CFDs trading platform. Our research indicates that with its high trust score of 99, extensive range of tradeable symbols, and robust educational resources, Swissquote stands out as a top choice for traders, especially those who wish to pay for a broker that doubles as a Swiss bank account.
Overall Rating
Minimum Deposit
Trust Score
Pros and Cons
Pros
- High Trust Score: Swissquote has a trust score of 99, indicating strong reliability and safety.
- Extensive Trading Options: Offers 78 forex pairs and 472 tradeable symbols in its CFD offering. Its separate eTrading account offers more than three million financial products.
- Comprehensive Platforms: Supports MetaTrader 4 and MT5, and offers an extremely well-regarded proprietary platform.
Cons
- Spreads not competitive: Compared to the industry average, the minimum spreads are more expensive across the board.
- Lots of fees: Swissquote charges an inactivity fee just after six months as well as quarterly custody fees.
- Steep minimum deposit: There is a deposit requirement of $1,000 which can be a dealbreaker depending on your trading budget.
Ratings Summary
- Investment Types - 10/10
- Commissions & Fees - 7.0/10
- Trading platforms - 9.0/10
- Research - 8.0/10
- Mobile Apps - 8.5/10
- Education - 7.5/10
- Overall - 8.7/10
Can I trust Swissquote?
Swissquote is a publicly traded company (SIX: SQN), operates three banks, authorized by the UK FCA and regulated under MiFID. Its high trust score of 99 makes it highly trusted according to ForexBrokers.com.
Swissquote is currently licensed and/or authorised by the following regulatory bodies:
- Tier-1 Regulators - Securities Futures Commission (SFC), Monetary Authority of Sinagpore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), and regulated in the European Union via the MiFID passporting system
- Tier-2 Regulators - Dubai Financial Services Authority (DFSA)
- Tier-3 Regulators - None
- Tier-4 Regulators - None
Is Swissquote good for beginners?
Swissquote is a good choice for beginners due to its extensive educational resources, including advanced and beginner education videos. It is well-regarded for education and beginner support.
| Feature |
Swissquote
|
|---|---|
| Education (Forex or CFDs) | Yes |
| Client Webinars | Yes |
| Videos - Beginner Trading Videos | Yes |
| Videos - Advanced Trading Videos | Yes |
| Investor Dictionary (Glossary) | Yes |
Swissquote commissions and fees summary
Swissquote charges an inactivity fee and requires a $1,000 minimum deposit. It offers active trader discounts, but its average spread cost for the EUR/USD pair is not specified. The commissions and fees are considered average, making Swissquote a suitable choice depending on individual trading needs.
| Feature |
Swissquote
|
|---|---|
| Minimum Deposit | $1000 |
| Average Spread EUR/USD - Mini | N/A |
| Average Spread EUR/USD - Standard | N/A |
| All-in Cost EUR/USD - Active | N/A |
| Active Trader or VIP Discounts | Yes |
Swissquote trading platforms and tools
Did you know? Trading platforms comparison
Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.
Swissquote offers a highly recommended suite of trading platforms and tools, including MetaTrader 4 and 5, along with its proprietary platform. This makes it an excellent choice for traders looking for comprehensive and versatile trading solutions.
Trading platforms offered: MetaTrader 4, MetaTrader 5, TradingView, and a proprietary platform.
Trading tools: Extensive and versatile tools are available.
Copy trading: Swissquote offers copy trading.
| Feature |
Swissquote
|
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| DupliTrade | No |
Swissquote trading platform screenshots
Mobile trading apps at Swissquote
Swissquote offers highly recommended mobile trading apps, providing robust features and tools for on-the-go trading, making it a solid choice for investors.
| Feature |
Swissquote
|
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Economic Calendar | Yes |
| Mobile Alerts - Basic Fields | Yes |
| Mobile Charting - Draw Trendlines | Yes |
| Mobile Watchlist | Yes |
Swissquote mobile app screenshots
How do I open an account with Swissquote?
- Visit the Swissquote website.
- Click on "Open an Account".
- Fill in the required personal information.
- Verify your identity as per the instructions.
- Fund your account to start trading.
What can I trade at Swissquote?
Swissquote offers 78 forex pairs and 472 tradeable symbols in its eForex account, less than some other brokers with dedicated forex and CFD accounts. Its separate eTrading account option offers a vast range of products by comparison - more than three million.
| Feature |
Swissquote
|
|---|---|
| Tradeable Symbols (Total) | 472 |
| Forex Pairs (Total) | 80 |
| Social Trading / Copy Trading | Yes |
| Cryptocurrency (Physical) | Yes |
| Cryptocurrency (Derivative) | No |
| Spread Betting | No |
Swissquote research screenshots
Account funding at Swissquote
Swissquote supports multiple funding options, including bank wires, PayPal, credit cards, and Skrill. However, Neteller is not supported.
| Feature |
Swissquote
|
|---|---|
| Visa/Mastercard (Credit/Debit) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Neteller (Deposit/Withdraw) | No |
About Swissquote
Swissquote, founded in 1996, is a well-established broker and banking group known for its comprehensive trading services and strong regulatory standing. It is publicly traded (SIX: SQN), runs three banks, and holds various key regulatory licenses, making it a trusted name in the forex and CFDs trading industry.
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Methodology
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
About the Editorial Team
BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.
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. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.
Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.