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swissquote review

Another route to fund the account is by clicking the ‘Payments & transfers’ link under ‘My Account’. There are a couple of routes in the navigation to do this, and you can choose bank transfer or credit card. The view here is pretty extensive and packed with information about the company, prices and trading trends. Select one or more of these brokers to compare against Swissquote. Read our full explanation and accounting of our research and testing process to learn more about how we test.

  1. Swissquote are headquartered in Gland, Switzerland with offices in London, Zürich, Bern, Dubai, Malta and Hong Kong.
  2. Although not the most extensive, Swissquote appears to have taken a more measured approach to building up its stock offerings.
  3. You can also find more interesting videos from Swissquote on its YouTube channel.
  4. The web platform operates in web browsers and does not require any software to be installed.
  5. As was mentioned earlier, Swissquote does not provide the most competitive spreads that we have seen on either its CFD or forex offerings.

Efficient and Varied Options

Examples of Themes trading certificates include a Smart Contracts platform, Cannabis 2.0, Global Recycling and eMobility. Swissquote delivers an array of powerful trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and potentially a proprietary platform, catering to a variety of trading preferences and strategies. Forex trading stands out at Swissquote, with a variety of currency pairs including major, minor, and exotic pairs, catering to currency trading enthusiasts.

Exceptional Service and Friendly Support from Swissquote!

Swissquote charges an inactivity fee and requires a $1,000 minimum deposit. It offers active trader discounts, but its average spread cost for the EUR/USD pair is not specified. The commissions and fees are considered average, making Swissquote a suitable choice depending on individual trading needs.

swissquote review

The worst bank experience with horrible service and blocking your money

I don’t know how many times I have click to make a purchase and changes.. Also, every little step you need your extra confirmation, level 3 card, and multiple log-ins, approvals.. SwissQuote focuses on the automation of trades and technology while reducing its fees to the minimum. SwissQuote offers some additional products and services as well, like Credit Solutions, Theme Trading, Robo-advisory, and Swiss DOTS. He mentioned that the spreads might be a little wide but the services and tools are a big deal. He also stated that the regulations and safety protocols are great and not to be compromised on.

swissquote review

What trading platforms does Swissquote offer?

Swissquote offers a variety of tools and resources to its customers, giving them peace of mind as they trade. Clients are protected from losses in excess of their account balance thanks to negative balance protection. It’s worth noting that this safeguard is only available to ordinary investors with EU-based accounts; non-EU and professional customers are not covered. Don’t lose out on market possibilities; trade whenever and wherever you want with eTrading mobile applications. Swissquote’s eTrading platform is user-friendly and well-designed for mobile trading. The search tool is straightforward, albeit the results are occasionally arranged in an unusual manner, comparable to the web platform.

A total of 34 cryptocurrencies are available, including Dogecoin, Polkadot, Cardano, Uniswap, and other popular crypto assets. Swissquote now offers crypto staking and lending following the launch of its cryptocurrency exchange, SQX. We review Trading212, an online platform prides itself in Its variety of features, including a wide range of assets to trade and a user-friendly interface covering its reliability, regulation and fees. Gold or silver multi-currency credit cards are available on trading accounts only.

I reviewed Swissquote’s legal documents and assessed that everything was in order. Texts are written in an easy-to-assimilate manner, and I found no major discrepancies. Islamic swap-free accounts that comply with Sharia law are also available upon request.

Our phone number is free of charge, and we aim to provide clear and precise responses.Payments to us are free of charge; fees depend on the sender’s bank instructions (fees sharing option). It seems your case might be an exception, and we would like to resolve it promptly.Thank you for your feedback, and we hope to improve your experience with us.Best regards,Swissquote Bank Ltd. Robo-Advisory is another tool offered by Swissquote, designed to simplify portfolio management for traders. Robo-Advisory employs automated algorithms to construct and optimize investment portfolios based on the trader’s risk profile and investment goals.

If price is the most important factor to you, check out DEGIRO or Interactive Brokers (review coming soon) who are both much cheaper. If you are looking for a Swiss regulated platform to house all your stock buying, in addition to some other banking related services then Swissquote are worth a look. In this blog post I’m going to be reviewing the Swiss online trading platform, Swissquote. As part of its partnership to power PostFinance (one of the largest financial institutions in Switzerland), Swissquote offers the YUH app, which is a passive investing app for stocks and crypto. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider.

The robo advisor will constantly monitor your portfolio based on your risk profile and investment preferences, which includes designing and executing a tailor-made investment and asset allocation strategy. Best of all, the robo advisory service is relatively low cost at between 0.75%-0.45%, depending on how much you invest. This rate compares well to the other major robo advisory services out there. I liked the swift payment options and the fact that it is not only a broker but a regulated bank in Switzerland. The only reason I left this broker because they have very high fees and not really cost-effective charges. I certainly wouldn’t recommend it if you invest in ETFs index funds with them because the commission is going to eat up your long term gains.

MetaTrader 5 (MT5) is the successor to MT4, trying to offer features and capabilities. MT5 provides an expanded range of trading instruments, including stocks and commodities, in addition to forex. It also tries to offer advanced charting tools, market depth information, and more order types. Similar to MT4, MT5 is accessible through web terminals, desktop applications, and mobile apps, enabling traders to access the platform from various devices.

Swissquote platforms are known for their intelligent features, such as the automatic recognition of patterns. Because of this, Swissquote is great for novice traders who don’t know much about reading chart patterns. The broker also provides a Robo-advisory service, which has been well received by its clientele. Swissquote also offers a hedging function for those who may need it.

It’s crucial that the currency of the account to which money are being moved is identical to the currency of the funds being transferred. Trading accounts could be charged currency conversion costs if this requirement is not met. Copy trades and Expert Advisors from prominent traders and investors are also available on Swissquote, giving customers a number of options to consider. In addition, traders can examine the efficacy of their trading techniques by back-testing. Customers can contact the service team by email, live chat, phone, or by physically visiting the Swissquote office in the UK. This comprehensive customer support ensures that clients receive effective solutions and guidance whenever they require assistance.