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Swissquote Bank

Trust Score:

3.41

(41 Reviews)

About Swissquote Bank

Swissquote Bank is a Switzerland-based online broker founded in 1996. It offers trading in stocks, commodities, and precious metals on MetaTrader 4 and MetaTrader 5. Accounts follow an STP model and are denominated in USD. The minimum deposit is 1,000, and maximum leverage is 1:100. Funding methods include bank wire and credit card. Pricing is commission-free in this setup, and trade size is fixed at 1.0 lot for both minimum and maximum. Forex availability is limited to a single currency pair. Policy constraints include no swap-free option and restrictions on hedging and scalping. Web and mobile trading are not available.

Regulation & Security

Swissquote Bank is regulated by FINMA in Switzerland, MFSA in Malta, DFSA in the United Arab Emirates, and the FCA in the United Kingdom. FINMA license number CH-660-1823004-9 and FCA license number 562170 apply. Client safeguards include segregated client funds and negative balance protection. The firm participates in the Swiss Investor Protection Scheme and the UK Financial Services Compensation Scheme, with Swiss deposit insurance covering client money up to CHF 100,000 in the event of insolvency. AML and KYC controls are in place.

Account and Setup

Accounts are USD-denominated with a minimum opening deposit of 1,000. The brokerage model is STP. A demo account is not available, and swap-free accounts are not offered. The minimum and maximum trade size are both set at 1.0 lot.

Funding Options

Funding is supported via bank wire transfer and credit card.

Bot & API Compatibility

MetaTrader 4 and MetaTrader 5 are available. MT4 supports automated trading through expert advisors (EAs). No separate API for direct market access is offered beyond the MetaTrader platforms.

Trading Conditions& Restrictions

Maximum leverage is 1:100. Tradable markets include stocks, commodities, and precious metals, with forex limited to a single currency pair. Commission is 0.0, and swap-free accounts are not provided. Hedging and scalping are not permitted. Minimum and maximum trade size are both 1.0 lot. OCO orders are not supported. Web-based and mobile trading are not available. Service is unavailable to residents of the United States, Iran, North Korea, Syria, Cuba, Sudan, and Myanmar.

Swissquote Bank Reviews

( 41 )

Swissquote Bank Reviews

( 41 )

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