Swissquote offer two ways to trade: Forex, Social Trading.
To open a live account, you’ll need a minimum deposit of at least $1000. Alternatively, Swissquote offer a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by the Financial Conduct Authority, UK (FRN: 562170). Swissquote puts all client funds in a segregated bank account and uses tier-1 banks for this. Swissquote have been established since 1999, and have a head office in Switzerland.
Before we dive into some of the more detailed aspects of Swissquote’s spreads, fees, platforms and trading features, you may want to open Swissquote‘s website in a new tab by clicking the button below in order to see the latest information directly from Swissquote.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
What are Swissquote's spreads & fees?
The spreads displayed below are based on the minimum spreads listed on Swissquote’s website. The colour bars show how competitive Swissquote’s spreads are in comparison to other popular brokers featured on BrokerNotes.
EUR/USD0.8 PIPS $0 per lot
The average spread for EUR/USD across all brokers on BrokerNotes is 0.82 pips. See popular brokers for trading EUR/USD
USD/JPY0.8 PIPS $0 per lot
The average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
GBP/USD1 PIPS $0 per lot
The average spread for GBP/USD across all brokers on BrokerNotes is 1.18 pips. See popular brokers for trading GBP/USD
The average spread for Bitcoin across all brokers on BrokerNotes is 41.15 pips. See popular brokers for trading Bitcoin
The average spread for gold across all brokers on BrokerNotes is 8.62 pips. See popular brokers for trading gold
The average spread for DAX30 across all brokers on BrokerNotes is 14.95 pips. See popular brokers for trading DAX30
Example: How much would it cost to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) at an exchange rate of 1.1719 and then sell it the next day at the same price you could expect these fees:
|Typical overnight fee:||$-0.00||$5.00||$9.40|
|Total cost of a 100k trade:||$8||$12||$15.4|
|+$4.00 more||+$7.40 more|
|Visit Swissquote||Visit AvaTrade||Visit Plus500|
All fees/prices are for informational purposes and are subject to change. Last updated: 17/11/2017.
What instruments can you trade with Swissquote?
|FX / Currencies||Swissquote||AvaTrade||Plus500|
|# of forex pairs offered||138||59||61|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|# of commodities offered||7||16||17|
|Indiced & Stock CFDs||Swissquote||AvaTrade||Plus500|
|# of Stocks offered||0||99||1816|
|See Swissquote's Instruments||See AvaTrade's Instruments||See Plus500's Instruments|
What's the Swissquote trading experience like?
1) Platforms and apps
Swissquote also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you‘re on the move.See Swissquote's platforms
2) Executing Trades
With Swissquote, the minimum and maximum trade requirements vary depending on the trader and the instrument.
As a market maker, Swissquote may have lower entry requirements compared to a ECN broker who benefit from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, Swissquote offer margin up to 0.01% on currencies.
Finally, we‘ve listed some of the popular funding methods that Swissquote offers its traders on the right.
3) Client support
Swissquote support a wide range of languages including English, German, French, Italian, Spanish, Arabic, Russian, and Chinese
Swissquote have a BrokerNotes triple AAA support rating because they offer a wide range of languages, live chat, phone and email support.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://en.swissquote.com/ on March 6, 2018.