- Excellent selection of trading platforms
- Highly secure and regulated
- Extensive array of tradeable assets
- Low fees and great customer support
- Limited support hours
- Website navigation can be confusing
Swissquote is a multi-national trading brokerage and bank that offers traders and investors around the world an immense amount of tradeable investment products across an array of financial markets. The brokerage is highly respected and well established as they were founded in 1996 and are licensed and highly regulated across numerous jurisdictions around the world. The Swissquote trading brokerage is owned and operated by Swissquote Group Holding Ltd. With their primary headquarters located at Swissquote Bank SA, Ch. de la Crétaux 33, P.O. Box 319, 1196 Gland, Switzerland. The brokerage also has head offices located in Zurich, Bern, London, Dubai, Dubai, Hong Kong and Malta and offers their services in 10 different languages. Swissquote is obviously a very large, successful, and trustworthy trading brokerage, but are they the right online trading brokerage for you? Find out in the following review where we look into all aspects the trading brokerage has to offer and see how Swissquote compares to the competition.
Swissquote provides their traders with a wide selection of trading platforms that are sure to suit the needs of both beginner and experienced traders. For instance, Swissquote features a proprietary Advanced Trader platform with both desktop and web-based versions. They also feature multiple third party trading platforms such as Meta Trader 4 (MT4), Meta Trader 5 (MT5), SwissquoteFOX, and FXBook. For this review we focused on Swissquote’s proprietary trading platform, the Swissquote Advanced Trader platform.
The Swissquote Advanced Trader platform is an award winning trading platform suitable for all traders. The platform is a multi-asset platform that provides the simplest and most intuitive trading experience. It comes complete with over 40 of the most important technical indicators, an array of chart types, time frames, and additional drawing and analysis tools. The platform also supports real-time Bloomberg and Swissquote news feeds, but perhaps the most impressive feature is the automatic pattern detection. This feature allows traders to automatically spot trading opportunities without conducting extensive technical analysis themselves. Other aspects of the platform include; multiple advanced order types, widgets for personalization, watchlists, quick search for tradeable assets, trend radar for daily securities analysis, and more. All in all, the Swissquote Advanced Trader platform is truly exceptional and is award winning for good reason.
In addition to the suite of desktop and web-based trading applications, Swissquote also provides traders with a variety of mobile trading applications that can be downloaded from the Google Play Store and Apple App Store for free.
One of the areas in which the Swissquote trading brokerage blows other brokers out of the water is their truly extensive array of tradeable products. Swissquote provides their traders access to more than 2.5 million products across 60 different stock exchanges. Literally all financial products across the Swiss, North American, and European markets are available to traders. No matter if you are just starting out or are an experienced trading veteran, Swissquote has products for you. For instance, traders can trade Shares, Warrants & Derivatives, Options & Futures, Funds, ETFs, Indices, Forex, Commodities, Bonds, and Cryptocurrencies.
Fees and Commission
The commissions and fees are generally very competitive with the industry standards and vary from country to country, depending on which jurisdiction the brokerage is operating in. For the sake of this review, we will review the commissions and fees for their primary entity based out of Switzerland. Swissquote’s spreads are variable and are below the industry average for forex, indexes, and commodity CFDs. The brokerage offers low flat rate fees on a variety of products for high volume traders, low quarterly custody fees, zero account maintenance fees, and the best rates on Swiss DOTS and Options & Futures trading.
Security and Fairness
Swissquote is one of the safest and most secure online trading brokerages in the world. Traders do not need to fret or worry about the safety of their funds as Swissquote implements cutting edge encryption technology on all transmitted data and is highly regulated by numerous regulatory entities. As well Swissquote has banking and transferable securities trading licenses granted by the Swiss Federal Banking Commission and over $24.1 billion of assets in the form of deposits. All of these licenses and regulations ensure that Swissquote provides safe, secure, fair, and transparent financial investment services to their customers.
Yet another exceptional aspect of the Swissquote brokerage is their level of customer support. Support representatives can be contacted Monday to Friday from 8am – 10pm via email, telephone, live chat, or fax. The support received via these methods are of very high quality and very professional. Traders can also browse the brokerages extensive help center that’s complete with webinars, training videos, tutorials, guides, articles, FAQs, and more. The entire help center is very comprehensive and easy to navigate.
The Swissquote trading brokerage is an exceptional online trading service for traders and investors around the world. The brokerage is highly reputable as they have numerous licenses and regulatory compliances. Swissquote features an immense number of tradeable assets across the worlds international markets and also offers numerous trading platforms for traders to choose from. No matter if you’re a beginner just starting out or an experienced trading veteran, Swissquote is a viable option for you.
The following are the common questions that customers inquired about Swissquote.
Is Swissquote regulated?
Yes, it is regulated by a number of regulatory authorities, most notably by the Swiss Financial Market Supervisory Authority (FINMA).
Is Swissquote a scam?
No, Swissquote is a legit broker and it’s licensed in Switzerland.
Where is Swissquote based?
Swissquote is based at Swissquote Bank SA, Ch. de la Crétaux 33, P.O. Box 319, 1196 Gland, Switzerland.