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Swissquote Review

FX Scouts By Jeffrey Cammack Updated: May 27, 2020
Overall Rating
3.60 / 5
Min. DepositUSD 1000
Max. Leverage400:1
Min. Spread1.7 pips
Regulators FCA
Regulator Origin FCA
Trading Desk Type

Summary

Swissquote is a market maker broker owned by Swissquote Group, a holding company specialising in the provision of online financial and trading services. A favourite broker for experienced traders, or serious beginners, Swissquote's minimum deposits are higher than other brokers of its type; however, trading conditions are commensurate with the increase in requirements.

With support for a range of platforms including both MT4 and MT5, and with a good selection of premium analytical tools, Swissquote is a traditional broker for those who take trading seriously.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Beginner Friendly Standard
Bonuses
Our Review Process

Trading Conditions

Minimum DepositUSD 1000
Base currenciesCHF, EUR, USD
Number of FX Pairs78
Hedging Allowed Yes
Scalping Yes
Islamic Account Yes

Average Spreads

EUR / USD1.7
GBP / USD2
USD / JPY1.6

Company Details

Company nameSwissquote Group Holding Ltd
Founded1996
Website en.swissquote.com
Type Market Maker
Regulators FCA
Office locations Switzerland, Hong Kong, UAE

Deposit & Withdrawal Methods

Supported Platforms for Swissquote

Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 3.60 / 5 4.54 / 5 4.49 / 5
Minimum DepositUSD 1000USD 100AUD 250
Regulation
FCA FCA
CySEC CySEC
FCA FCA
FSA-Seychelles FSA-Seychelles
CySEC CySEC
ASIC ASIC
FSCA FSCA
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Equities, Bonds, FuturesCryptocurrencies, Forex, Indicies, Metals, Equities, Bonds, WTIsCommodities, Cryptocurrencies, Forex, Metals, Equities, Energies, ETFs, Bonds, Blends
Forex Pairs7860+50+
Crypto Pairs516
Pros
  • Great platform choice
  • Wide range of assets
  • Tight spreads
  • Well regulated
  • Fast and free withdrawals
  • Wide range of assets
  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Fast and free withdrawals
Cons
  • High minimum deposit
  • Limited education
  • Poor customer service
  • MT4 only
  • High minimum deposit
Read Full Review Read Full Review
Trust Rating 4 / 5 5 / 5 5 / 5
Trading Conditions 4 / 5 5 / 5 4.5 / 5
Trading Platforms 4.5 / 5 4 / 5 4.5 / 5
Deposit & Withdrawal 3 / 5 4.5 / 5 4.5 / 5
Education & Research 2 / 5 4.5 / 5 3.5 / 5
Assets Available 3.5 / 5 4.5 / 5 5 / 5
Customer Service 3 / 5 4 / 5 4 / 5
% Lose with this broker 77% of retail investor accounts lose money when trading CFDs with this provider 73% of retail investor accounts lose money when trading CFDs with this provider 74.93% of retail investor accounts lose money when trading CFDs with this provider
Leverage400:1500:1300:1
Spread1.7 pips0.0 pips0.6 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Standard (Professional)
  • VIP (Vip)
  • Live (Standard)
Islamic Account Yes Yes Yes
Trading Platforms MT4, MT5, AdvancedTrader MT4 MT4, MT5
Funding Methods Bank Transfer, Visa, Mastercard, Unionpay Bank Transfer, Visa, Mastercard, Skrill, Neteller, SticPay, Unionpay, Fasapay Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Paypal
Trading Commission Fees Included in Spread 4 USD / lot - Pro Account Fees Included in Spread
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Swissquote

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Overall Rating 3.60 / 5 4.54 / 5 4.49 / 5
Minimum DepositUSD 1000USD 100AUD 250
Regulation
FCA FCA
CySEC CySEC
FCA FCA
FSA-Seychelles FSA-Seychelles
CySEC CySEC
ASIC ASIC
FSCA FSCA
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Equities, Bonds, FuturesCryptocurrencies, Forex, Indicies, Metals, Equities, Bonds, WTIsCommodities, Cryptocurrencies, Forex, Metals, Equities, Energies, ETFs, Bonds, Blends
Forex Pairs7860+50+
Crypto Pairs516
Pros
  • Great platform choice
  • Wide range of assets
  • Tight spreads
  • Well regulated
  • Fast and free withdrawals
  • Wide range of assets
  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Fast and free withdrawals
Cons
  • High minimum deposit
  • Limited education
  • Poor customer service
  • MT4 only
  • High minimum deposit
Read Full Review Read Full Review
Trust Rating 4 / 5 5 / 5 5 / 5
Trading Conditions 4 / 5 5 / 5 4.5 / 5
Trading Platforms 4.5 / 5 4 / 5 4.5 / 5
Deposit & Withdrawal 3 / 5 4.5 / 5 4.5 / 5
Education & Research 2 / 5 4.5 / 5 3.5 / 5
Assets Available 3.5 / 5 4.5 / 5 5 / 5
Customer Service 3 / 5 4 / 5 4 / 5
% Lose with this broker 77% of retail investor accounts lose money when trading CFDs with this provider 73% of retail investor accounts lose money when trading CFDs with this provider 74.93% of retail investor accounts lose money when trading CFDs with this provider
Leverage400:1500:1300:1
Spread1.7 pips0.0 pips0.6 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Standard (Professional)
  • VIP (Vip)
  • Live (Standard)
Islamic Account Yes Yes Yes
Trading Platforms MT4, MT5, AdvancedTrader MT4 MT4, MT5
Funding Methods Bank Transfer, Visa, Mastercard, Unionpay Bank Transfer, Visa, Mastercard, Skrill, Neteller, SticPay, Unionpay, Fasapay Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Paypal
Trading Commission Fees Included in Spread 4 USD / lot - Pro Account Fees Included in Spread

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Most retail CFD accounts lose money. Your capital is at risk.

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