Swissquote is a trading service owned by Swissquote Bank Ltd. as part of Swissquote Group Holding Ltd., which is considered the leader in financial and online trading services in its region.
Swissquote Bank broker is one of the leading forex market players in Europe with headquarters in Switzerland. It also has offices in Hong Kong, the UAE, the UK, and other places. The broker itself is controlled by the Swiss Financial Market Supervisory Authority (FINMA).
Trading with Swissquote takes place on trading platforms such as SwissquoteFOX, FXBook, eTrading or through the broker’s mobile application. The company provides access to trading currency pairs, stocks, bonds, commodities, stock indices, futures, and options.
The company has the awards “Best Online Banking” and “Best Forex Bank”.
How Does Swissquote Exchange Work
The swissquote.com broker works with 4 terminals:
- MetaTrader 4
- MetaTrader 5
- MetaTrader Master Edition
- Advanced trader
The first three have higher functionality. They allow you to trade all types of assets, have 2000+ free custom indicators, 30+ standard, and 700+ commercial indicators and the ability to create your own. They also have 24 trending objects (lines, channels, Ishimoku, Fibonacci, arrows, shapes, and others), setting up charts with indicators, oscillators, time frames, online chat to communicate with other traders, customer support and automated trading using robots and trading advisers.
Moreover, users who have opened an account with Swissquote broker get access to financial news on Swisscom TV and Smart TV, can take part in webinars, get training at the broker’s offices in Switzerland and open a bank card related to their trading on their account.
How To Trade On Swissquote
Swissquote provides 4 types of accounts for Forex trading:
Standard – with a minimum deposit of one thousand dollars
Premium – with an entry-amount of $ 10,000
Prime – with a down payment of $ 50,000 or more
Professional – individual conditions
The transaction minimum for each is 0.1 lots, which allows you not to spend everything at once, but to build trade on small amounts. Floating leverage is also provided, which is adjusted according to the strategy to a maximum of 1: 100 and a stop-out when assets fall to 30% of the initial level.
Is Swissquote Safe?
Swissquote user and transaction security are carried out in accordance with international requirements using encryption protocols and a two-level user identification system. All data is stored on level 1 data center servers.
Also, Swissquote Bank Ltd. is regulated by the FINMA Swiss Supervisory Authority and is on the register of financial commitment.
Swissquote is improving every day, but still, its users highlight such disadvantages as a long verification and account registration, lack of trading using a PAMM account and slow feedback.
Despite this, Swissquote has established itself as a reliable broker with accurate quotes, stable terms of cooperation and a large selection of assets, tools, and services. Traders are also provided with account insurance and the opportunity to test product demos for free.