Basic information & regulation
In 1990, Marvel Communications SA was founded, specializing in financial software and web applications, a business that was the forerunner of Swissquote, the first financial platform launched in 1996, which provided free access to the prices of all securities on the Swiss stock exchange. To date, Swissquote.ch is visited 2 million times a month. 2000 saw the listing of Swissquote shares (SQN) on the Swiss Sixth Stock Exchange. 2001 saw Swissquote enter the Swiss Stock Exchange and the US NYSE, NASDAQ, and AMEX exchanges, while in 2010, Swissquote acquired Advanced Currency Markets (ACM). Swissquote Ltd was established in London, merging the divisions of MIG Bank and introducing FX online services to all markets in the EU. In 2017 Swissquote became the first broker to offer five cryptocurrencies (Bitcoin, Bitcoin Cash, Ether, Litecoin, and Ripple). Swissquote Ltd is licensed by a number of regulatory bodies such as the FCA (Licence No. 562170), the MFSA (Licence No. C57936), the Swiss Financial Markets Authority (FINMA) and the Dubai Financial Services Authority (DFSA) for retail foreign exchange (Licence No. F001438).
Market Instruments
Swissquote offers its investors a wide range of financial instruments, including currency pairs on the Forex market, stock indices, securities, precious metals, and cryptocurrencies.
Accounts
To meet the investment needs and trading experience of different investors, Swissquote offers three different types of accounts: Premium (with a minimum opening amount of $1,000), Prime (with a minimum opening amount of $5,000), Elite (with a minimum opening amount of $10,000). The base currencies for these three types of accounts are EUR, USD, GBP, CHF, with the Prime account being the most popular.
Leverage
The maximum trading leverage allowed by Swissquote is up to 1:100, which is a generous offering, though. Leverage can amplify gains as well as losses, therefore,
Spreads & Commissions
The spreads on Swissquote's Premium accounts start at 1.3 pips, and there is no commission for Forex trading. The spreads on the Premier account start from 0.6 pips, and no commissions are paid on Forex trading. The spreads on Elite accounts start from 0 pips, and the commission on Forex trading is 2.5 EUR per lot.
Trading Platforms Available
Swissquote offers traders two trading platforms available today, namely the MT4 trading platform and the MT5 trading platform. Both the MT4 & MT5 trading platforms include extensive analysis and charting components, unlimited automated trading features, and traders can view hundreds of successful traders' profiles and automatically copy their trading strategies.
Deposit and withdrawal
Swissquote supports traders to deposit and withdraw funds to their investment accounts via VISA/MasterCard credit/debit cards, wire transfers.
Educational Resources
At Swissquote, you can find soem educational resources that may help you aquaint yourself with forex and CFD trading quickily, mainly including courses, webinars, eBooks on Trading, Forex, Cryptos, and more.
Customer Support
If clients with any inquiries or trading-related issues, thety can get in touch with Swissquote's headquarter and branches in multiple cities through phone in Zurich, London, Dubai, Hong Kong, Malta, Singapore, Luxembourg and Bucharest.
Frequently Asked Questions
Is Swissquote regulated？
Swissquote is authorized and regulated by CYSEC under regulatory license number 079/07.
Does Swissquote offer a demo account？
Yes, Swissquote offers demo accounts.
What trading platform does Swissquote provide？
Swissquote provides MT4 and MT5 trading platforms.
.What is the minimum deposit required by Swissquote？
Swissquote requires an initial deposit of $ 1,000 to trade with it.
What types of trading accounts are available with Swissquote platform？
Three types of trading accounts are available with Swissquote, which include the following:
What is the maximum trading leverage offered by Swissquote？
For EU and UK traders the maximum trading leverage is according to ESMA standards at 1:30, but professional traders can enjoy leverage up to 1:100.
2022-12-06 22:17
