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Swissquote Bank UK is located in London and is part of Swissquote Bank Ltd. It is regulated by the Financial Conduct Authority (FCA) and has been providing services since 1996.
Swissquote Main Highlights
| 🚀 Minimum deposit: | From $1,000 |
| ⚖️ Leverage: | Up to 1:400 |
| 🛡️ Regulations & Licenses: | FCA, FINMA, DFSA, SFC, CSSF |
| 💵 Deposits/Withdrawals: | ebanking, credit/debit card |
| 💻 Trading platform: | MetaTrader 4, MetaTrader 5, Advanced trader |
| 🌙 Islamic Account: | Yes |
| 🔗 Main domain: | swissquote.com |
A Look at Swissquote
Swissquote is a bank that provides online financial and credit services. It was founded in 2000 and has its headquarters in Gland, Switzerland. It has international offices in several places, including London, Bern, Zürich, Luxembourg, Dubai, Malta, Singapore, and Hong Kong. Swissquote is a publicly listed online broker and is listed on the SIX Swiss Exchange.
Swissquote is regulated by major finance watchdogs such as the Financial Conduct Authority (FCA) of the UK, the Swiss Financial Market Supervisory Authority (FINMA), the Dubai Financial Services Authority (DFSA), and the Securities And Futures Commission (SFC).
It offers a variety of services, like funds, bonds, forex, CFDs, cryptocurrency and stock trading, Robo-advisory, and mortgage solutions. It has over 330,000 users and allows them to access more than 60 stock exchange platforms to trade 3 million products on its secure platforms.
Swissquote is a trading platform that provides access to stocks, futures, funds, options, forex, and CFD trading. It is regulated by both the FSCS and Esisuisse funds protection, making it a trustworthy option for investors and traders.
Swissquote Account Types
Swissquote offers four different live trading accounts for retail investors and a free demo account for beginners.
The four accounts are Standard, Premium, Prime, and Professional. The Premium account is the most popular choice and requires a minimum deposit of $10,000. The Standard account requires a minimum deposit of $1000, the Prime account requires a minimum deposit of $50,000, and the Professional account requires a minimum deposit that varies based on the trade volume.
Standard account
| Minimum Deposit | 1000$ |
| Standard Leverage | 1:100 |
| Minimum Trade | 0.010 Lot – 1000 CCY |
| Minimum Deposit | 10,000$ |
| Standard Leverage | 1:100 |
| Minimum Trade | 0.10 Lot – 10,000 CCY |
Prime account
| Minimum Deposit | 50,000$ |
| Standard Leverage | 1:100 |
| Minimum Trade | 1 lot – 1,00,000 CCY |
Professional account
| Minimum Deposit | Volume Best |
| Standard Leverage | Custom |
| Minimum Trade | Custom |
Swissquote Top Features
Customer support
Swissquote’s customer service team is available Monday to Friday, 8am-8pm (UK time). They provide great service and solutions to a variety of topics such as API use and forgotten passwords. Clients can reach out to them via email, live chat, telephone, or by visiting the UK office.
Awards
Swissquote has been recognized for its excellence, with the Thomson Reuters Lipper Fund Award 2016 honoring it as one of the most successful equity funds in the past three years. Additionally, it won the Best Swiss Online Broker Award in 2001.
Swissquote Regulations and Licenses
Swissquote is a trustworthy trading platform, regulated by several leading authorities, such as the Swiss Financial Market Supervisory Authority (FINMA), the UK Financial Conduct Authority (FCA) and the Dubai Financial Services Authority (DFSA). Additionally, the platform is also regulated by the Monetary Authority of Singapore (MAS), the Hong Kong Securities and Futures Commission (SFC) and the Malta Financial Services Authority (MFSA).
This demonstrates that Swissquote is a safe and reliable ECN broker that holds a banking license, available to traders worldwide.
Swissquote Trading Platforms
eTrading
Swissquote has created a web-based eTrading platform with user-friendly sections and functions. Although the design looks a bit dated, the platform is tailored for Swiss markets, making it a top choice for European and US traders. The platform is highly adjustable to meet the trading needs of different customers.
Swiss DOTS
Swiss DOTS offers a wide variety of derivatives, including stocks, indices, commodities, ETFs, foreign exchange, and more. Through Swissquote, customers have access to 19,000 Knockout Warrants, 55,000 Warrants, 1,500 Factor Certificates, and 15,500 Mini features.
Themes trading
The ideas are built on a simple theme:
- Online gaming
- Global recycling
- 5G technology
- Football excitement.
Mobile
Swissquote offers mobile apps for Android and iOS phones where its Advance Trader platform is accessible. Both the app and desktop platform are available in eight languages.
It’s easy to switch between the mobile and desktop versions, and traders have access to sophisticated charts and tools, real-time quotes, complex order types, and other trading features.
The app has both MT4 and MT5 platforms, so automated trading strategies can be used on the go. Clients also get financial news, push notifications, and chat features.
Market Instruments by Swissquote
Traders at Swissquote can access a variety of financial investments and markets around the world through an all-in-one platform. They can trade stocks, ETFs, futures, options, funds, bonds, forex, CFDs, and cryptocurrencies from the online banking portal, which provides up-to-date financial information.
Swissquote provides many different trading options across its Advanced Trader, MT4, and MT5 platforms, with a total of over 400 financial instruments available:
- Over 80 major, minor forex pairs and emerging currency pairs.
- 25+ stock indices such as CAC 40 and FTSE 100.
- 340 funds and around 13000 mutual funds.
- 3 bonds CFDs.
- 26 Stock index CFDs.
- 12 Commodity CFDs.
- 26 cryptocurrencies CFDs including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Stellar and Tezos.
Swissquote Deposits & Withdrawals
Deposit
Swissquote Brokers accept deposits from 9 different currencies, including prepaid, credit, and debit cards, wire, and bank transfers. A small fee may be charged depending on the banking provider, but the minimum deposit is always $1000 (or equivalent).
Withdrawal
You can take out money from Swissquote through a bank transfer. To do this, you can use the e-portal. Your bank may charge a small fee for the transfer.
Resources by Swissquote
Swissquote provides extensive research and educational resources, such as live market analysis, daily technical reports, courses, webinars, e-books, free demos, and a magazine. This material is designed to help traders understand and use advanced trading strategies when trading CFDs and forex.
- Tutorial videos available for both MetaTrader 5 and Advance Trader platforms
- Forex learning center with e-books, and educational videos focussing on technical analysis, fundamental analysis and risk management
- Seminars and webinars in multiple languages
Read more: CAPEX Review 2023 – Is It a Good Broker? (brokerstimes.com)
FAQs
Is Swissquote a scam?
No, Swissquote is highly reliable, with a Trust Score of 99 out of 99.
Is Swissquote securities legit?
A legitimate, safe, and trustworthy public broker that operates under a regulated banking system, offering seminars and webinars in multiple languages.
What is the minimum deposit for Swissquote?
From 1000$
Where are the offices of Swissquote located?
Luxembourg.
Swissquote Pros
- Multiple trading platforms
- Regulated by multiple regulatory bodies
- Bitcoin and E-banking exhange services
Swissquote Cons
- High minimum deposit
- Not regulated by ASIC
