Swissquote review research shows that they started in 1996. Swissquote (SWX: SQN) was publicly listed in 2000 on the Swiss SIX Stock Exchange. It had since then become a leading broker with branches regulated in Malta, the U.K., the United Arab Emirates, and Hong Kong.
Our Swissquote review shows they have a Swiss banking license from FINMA in Switzerland.
In addition to the multi-asset brokerage offer, Swissquote bank offers a large number of consultancy services to investors. It has more than 21 billion CHF in custody at the end of June 30, 2017. (According to the latest half-year report). They also maintain over 300,000 customer accounts in its subsidiaries. They have constant regulations in Europe and Asia.
In 2017, they became the first bank in the world to add cryptocurrency trading (excluding CFD). It started with Bitcoin, and in December 2017 expands to offering Bitcoin Cash, Ethereum, Litecoin, and Ripple.
The Swissquote bank based in Switzerland provides traders entrance to over two million products, like bonds, warrants, ETFs, funds, dividends, including forex, via eForex, FXBook, Advanced Trader, MetaTrader4 and MetaTrader5 platforms. In our Swissquote review, we find out more about what they can offer you.
Fees and spreads from the Swiss company, Swissquote Ltd, differ significantly from the Swiss entity, Swissquote bank Ltd. The free offer is available in the United Kingdom, and multi-pip spreads on non-commission accounts are available in Switzerland.
Swissquote Bank Account
One of the best things about the Swissquote review is that we were able to determine, you can be able to deposit funds in a convenient way using the Swissquote bank accounts. E-banking is the best option for a seamless connection between what you do on the side of forex and how you access money.
Another thing about the Swissquote forex company is that they put all the money deposited by clients in segregated bank accounts and use tier-1 banks to make sure that everything you do is safe and secure.
Our Swissquote review shows that active traders who exceed 1000 parts (10 million units) pay rounding commission in the amount of 0.65 pips and crude spreads from 0.0-0.3 pips to EUR / USD, 0.95 pips. This valuation is comparable with other best forex broker with many assets that offer an active commercial offer.
Swissquote Broker Features
Swissquote review research shows that the broker gives the clients many tools to use in trading. The retail clients get to have a pattern detection tool that they call Autochartist, and it comes free with the MT4 and MT5 platforms.
It is a custom indicator which is first downloaded to the data folder of the platforms.
In addition to this, you also get to have a correlation matrix, which is a tool that you can use to measure the coefficient between the currency pairs. In addition to this, the following are some of the tools that a user can enjoy:
- Stealth orders
- Sentiment trader
- Correlation trader
- Session map
Swissquote bank makes money from the spreads on all traded assets. They do not charge a commission on the trades. The spreads are competitive and start at as low as 1.2 pips for people trading with the 50k accounts.
Swissquote MT4 and Other Platforms
Our Swissquote review led us to look a the MT4 platform provided by the broker. It is the most popular platform used the world over by major brokers. It helps traders using Swissquote banks to be able to do technical analysis, customization, and trade automation.
In addition to MT4, they also have a proprietary software known as Advanced Trader. It has powerful tools as well with charting and analysis included. The interface is easily customizable, and it gives you price quotes, latest news feeds, and charts for immediate action.
You will not have to miss anything when you are using these tools. Other are:
- An eTrading Suite, which has tools like the Swiss DOTS derivative trading platform
- Mobile trading platforms for MT4, MT5, and eTrading platforms.
Swissquote Details Overview
|Established: 1996||Website: https://www.swissquote.ch|
|Address: Swissquote bank S.A. Ch. de la Crétaux 33 P.O. Box 319, Gland, 1196, Switzerland.||Minimum to Open Live: $1000|
|Regional Offices: Hong Kong, Malta, Singapore, United Arab Emirates, United Kingdom.||Regulators: : The Swiss Federal Financial Market Supervisory Authority (FINMA) and is a member of the Swiss Bankers Association, the Financial Conduct Authority (FCA), category four license from the Dubai Financial Services Authority (DFSA), the Securities and Futures Commission (SFC), the Malta Financial Services Authority (MFSA), and the Monetary Authority of Singapore (MAS).|
|Minimum Trade Size: 0.01||Prohibited Countries: Unknown.|
|Maximum Leverage: 1:100||ECN: Not Available.|
|Mobile Trading: Available||Currencies: 90+|
|Trading Platforms: MT4 and MT5.||Cryptocurrencies: 5+|
|Robots: Available.||CFD: 20+ including Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Bonds, Oil, Other Commodities.|
|Scalping: Allowed||Web Trading: Available|
|Deposit Methods: Bank Wire, VISA, MasterCard.||Withdrawal Methods: Bank Wire, VISA, MasterCard.|