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SwissQuote Forex Broker Review One of the Market Leaders

swissquote review

If one of the order types is executed then the other order type is automatically cancelled. “If done” is a two-step order in which the second step will only be executed if the conditions of the first have been completed. The “If done / OCO” order type is a variation of the if done that will place an Order Cancels Other (OCO) following execution of the order in the “if done” section.

Create your personal layout Customise the look and configuration to suit your personal trading style. For now, you can save one layout (we’re working on enabling multiple saved layouts). In our trust category, we place most importance on how a broker swissquote review is regulated. So let’s dive in and take a look at how the different entities of Swissquote across the globe are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust.

Other Autochartist features include customised filters, webinars, market reports, performance statistics, volatility analysis, price range forecast and a trading community tab. There is a step by step tutorial video that shows you how to find and set trades using Autochartist. MT4 is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). Advanced Trader supports multiple order types, some of which are not available on other platforms.

Swissquote Customer Support

The second type of the account offered by this Forex broker is the Premier Trading Account that requires clients to deposit the amount of funds that are between 25,000 USD and 100,000 USD. The last type of the account provided by the SwissQuote broker for Forex trading is the Prime Trading Account. The deposit requirements for this account are more than 100,000 USD and this is not the account that the common people will want to use.

  • This is especially big problem when it comes to appealing and attracting new clients with their offer.
  • Deposits at Swissquote Brokers can be made in 9 different base currencies through prepaid, credit, and debit cards, wire, or bank transfer.
  • MT5 also has over 40+ chart analytical objects including Gann, Fibonacci and Elliott tools, geometric shapes, a variety of channels, levels for support/resistance and more.
  • The company is also regulated by Dubai Financial Services Authority (DFSA), an extremely difficult license to obtain.
  • Additionally, Swissquote offers market analysis and news to keep clients informed about the latest developments in the financial markets.
  • The ultimate evolution of the MT4/MT5 platform, MetaTrader Master Edition boasts 12 advanced tools and 15 new indicators.

I appreciate that the web version allowed me to trade from directly within my web browser without needing to download any software. The mobile version is available for all iOS and Android devices from the relevant app stores. Because Dukascopy and Swissquote utilize drastically different methods to calculate fees, you should figure out estimates of what rates your trading strategy would fetch on each platform. JForex also includes an economic calendar and news feed to help you stay up to date with market trends. If automations are part of your trading strategy, Dukascopy allows you to set them up either on your local device or through its Strategy Server. Additionally, you can test your automations against historical data.

What are the withdrawal methods at

It can also be difficult to find how to go back to the previous menu. In many cases, you are logged out from the platform when you navigate between sections and need to log in again, which is quite annoying. The design of Swissquote’s eTrading web platform is average and functional.

European stocks slide after Fed, before ECB rate calls – ZAWYA

European stocks slide after Fed, before ECB rate calls.

Posted: Thu, 04 May 2023 11:34:58 GMT [source]

Swissquote offers a wide range of market instruments for trading, including over 130 currency pairs, commodities, stock indices, shares, bonds, and cryptocurrencies. With such a broad range of market instruments, traders of different experience levels can find suitable trading options that align with their trading strategies and investment goals. Swissquote provides funds, derivative products, bonds, forex, CFDs, cryptocurrency and stock trading, Robo-advisory, and mortgage solutions. It has more than 330,000 users with easy access to more than 60 global stock exchange platforms that allow traders to trade 3 million products on their safe and reliable trading platforms. Swissquote is considered to be a secure and safe platform to trade different financial products.

Deposits and Withdrawals

They are part of the large Swissquote Group Holding Ltd company who have a proven track record of offering financial services since 1996. This gives me confidence my funds are safe and I can trade without any issues. Swissquote has trading tools built directly within the trading platforms and offer the award-winning automated chart analysis software, Autochartist. They also have a portfolio service called Robo-Advisory if you want a hands-free trading experience.

swissquote review

A standard account requires a $1,000 minimum initial deposit required. This alone makes Swissquote largely unsuitable for novice investors who are not looking to commit this amount of capital from the outset. There are different options available for the various Swissquote platforms and the UK-subsidiary offers additional payment options, including Visa, Mastercard and Skrill. The standard account has spreads starting from 1.7 pips and charges zero commissions. The minimum deposit required on this account type is $1,000 and minimum position size is 0.01 lots.

It is also widely recognised for its fast execution speeds, range of charting tools, algorithmic trading, and customisability. However, only basic orders are available, such as Market, Limit, Stop, and Trailing Stop. Once the process had been completed, I received e-mail confirmation. Following on from that I needed to upload proof of identification such as a passport or drivers license and proof of address such as a recent utility bill. Once my documents had been verified I could fund my trading account and commence trading. The customer support team is on hand to help should you need assistance during the account opening process.

The minimum investment amount starts at $/€/£ 5,000 and the fees are quite high in comparison with other robo-advisors. In addition to cryptos as CFDs, you can theoretically buy Bitcoin and Ether ETNs on the Swedish Nasdaq. However, we could not find the products’ ISIN number on Swissquote’s platform, even though “Scandinavian markets” are available. However, the platform feels outdated and some features are hard to find.

Novice users can also remove several widgets and only display those which are relevant. Crypto trading options displayed on the screen have a “Trade” button next to them, which will take you to a form where you choose whether to buy or sell and place any stop orders. The platform offers withdrawal via wire transfer, which can take up to three days to clear, depending on your bank. There is also a flat fee of $10 for processing, which our found to be on the high side compared to competitors. However, Swissquote supports several currencies, including USD, EUR and GBP, which means you do not have to pay currency conversion fees when withdrawing. With an intuitive platform, good educational materials and reliable customer service, Swissquote is a broker that can cater well to beginners.

For trading, fees are given according to their value in Swiss Francs. Cryptocurrency transactions equivalent to between 5 – 10,000CHF incur a 1% charge. From 10,001 – 50,000CHF the fee is 0.75% and it drops to 0.5% for anything over 50,000CHF. Swissquote accepts clients from the majority of countries globally.

Swissquote offers a great range of trading platforms, including MT4, MT5, and its own platform Advanced Trader powered by TradingView. MT4 and MT5 are available for both Android and iOS through Swissquote. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. MT4 has a wealth of built in technical indicators which can be applied to multiple chart types and 9 timeframes.

Is Swissquote a real bank?

Swissquote Group Holding SA is a Swiss banking group specialising in providing online financial and trading services. The Group's shares have been listed on the SIX Swiss Exchange under the ticker symbol “SQN” since 29 May 2000. The Group's headquarters are located in Gland, Switzerland.

In general though, Swissquote is available in over 120 countries, including all European countries and several others, including Australia, and Hong Kong. This makes the platform ideally suited to those who travel a lot or have business interests overseas – especially as the platform supports a huge range of fiat currencies. All of Swissquote’s platforms and websites are fully encrypted, utilise DDoS protection and offer two-factor authentication for added security.

North American Morning Briefing : Stocks Futures Struggle as Markets Gear for CPI Print –

North American Morning Briefing : Stocks Futures Struggle as Markets Gear for CPI Print.

Posted: Mon, 08 May 2023 10:13:03 GMT [source]

I like how they are available in English, French, German, Spanish & Arabic to cater to the international community. The risk calculator included can assist you with calculating your real capital exposure and set risk-adjusted position sizes. There is also an event impact analysis which help to evaluate the possible impact of economic events on specific instruments.

MT5 has several advanced features such as improved charting capabilities, additional order types, and an economic calendar. Clients can also use MT5’s algorithmic trading capabilities through the use of Expert Advisors (EAs) to automate their trading strategies. Swissquote’s MT5 platform is available for desktop, web, and mobile devices, making it easily accessible for traders on the go. Risk Warning – CFDs are complex instruments, and trading involves risk of losing money rapidly due to leverage. 72% of the retail investor accounts lose money rapidly during CFD Swissquote trading.

How do I withdraw money from Swissquote?

‡ To request a withdrawal of funds, kindly fill out this form and send it via email to or fax it to +41 22 999 94 42.

Every time I send a message, I need to be prepared for some disappointing answer. I’m getting 10 times a better service for a fraction of the price with another new broker. I can’t wait to close my account with Swissquote and forget this awful costly experience. Their product portfolio includes a great variety of stocks, mutual funds, and a variety of other products such as bonds and cryptos. Swissquote offers many different products, with almost everything available, from stocks to options.

Besides, Swissquote also charges overnight swap fees, also known as rollover fees or financing fees, on positions that are held overnight. The amount of the fee depends on the currency pair, the size of the position, and the prevailing interest rates in the respective countries. Moreover, Swissquote also offers an Islamic Account, which is compliant with Sharia law and is available to clients who follow the Islamic faith. Swissquote offers 26 cryptocurrencies for CFD trading, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and many more. Once the deposit is made, the client receives 20% of the deposit amount.

offers a full-fledged suite of products and services at good prices. They provide you with a range of free to use, user friendly and award-winning trading platforms, complete with premium trading tools and plugins. They even have a great variety of daily news reports and expert market analysis along with educational materials to increase your trading knowledge. There is multilingual client support if English is not your native language. Swissquote offers competitive spreads and commissions to its clients.

Can I trust Swissquote?

Is Swissquote safe? Swissquote is considered highly trusted, with an overall Trust Score of 99 out of 99. Swissquote is a publicly traded company, operates a regulated bank, and is authorised by four tier-1 regulators (high trust), one tier-2 regulator (average trust), and no tier-3 regulators (low trust).

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