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Broker Reviews

Swissquote Ltd

Tradomatix TrustScore™:

3.34

(279 Reviews)
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5-star

45.88%

4-star

10.39%

3-star

5.38%

2-star

9.32%

1-star

29.03%
Replied to 95.27% of reviews
Typically replies within 23.57 hours

About Swissquote Ltd

Swissquote Ltd operates as part of the Swissquote Group Holding Ltd, a publicly listed Swiss banking and financial services group headquartered in Gland, Switzerland. The firm offers access to Forex, CFDs, stocks, ETFs, futures and crypto assets via its UK/Europe and Swiss entities.

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Regulation & Security

The broker holds a banking licence in Switzerland through Swissquote Bank Ltd and a licence in Europe via Swissquote Bank Europe Ltd, regulated by the CSSF under the supervision of the European Central Bank. On its website it states its Cyprus subsidiary, Swissquote Capital Markets Ltd, is authorised and regulated by the CySEC under license CIF 422/22. The groupÕs status as a listed bank and these regulatory regimes provide a multi-jurisdiction compliance framework.

Account and Setup

Client onboarding with Swissquote begins with an online registration, identity and address verification and funding of the account once approved. As the brokerÕs website indicates, the process is streamlined to three steps: sign-up, provide documentation and fund the account. The minimum live account deposit is variable depending on entity and jurisdiction: some third-party sources indicate no minimum deposit, while others cite USD 1 000 as the minimum for certain account types.

Funding Options

Swissquote allows funding by bank wire transfers and credit/debit cards for deposits and withdrawals via its European and Swiss entities. Deposits are free of charge from the brokerÕs side for many currencies and methods, and withdrawals by bank transfer incur a fee of USD 10 in one review.

Bot & API Compatibility

The broker supports algorithmic trading via its integration of the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Both platforms offer full EA (expert advisor) support and automated trading capabilities directly from the brokerÕs offering. According to the brokerÕs website it also provides FIX API solutions for institutional clients.

Trading Conditions& Restrictions

Trading conditions at Swissquote include spread-based pricing for Forex and CFD instruments; the firm emphasises execution, technology and transparency, with the claim that all trading costs are included in the spreads and that there are no hidden fees. The broker also issues a risk warning that 53.33 % of retail investor accounts lose money when trading CFDs with this provider in the European entity.

Regulation & Security

The broker holds a banking licence in Switzerland through Swissquote Bank Ltd and a licence in Europe via Swissquote Bank Europe Ltd, regulated by the CSSF under the supervision of the European Central Bank. On its website it states its Cyprus subsidiary, Swissquote Capital Markets Ltd, is authorised and regulated by the CySEC under license CIF 422/22. The groupÕs status as a listed bank and these regulatory regimes provide a multi-jurisdiction compliance framework.

Account and Setup

Client onboarding with Swissquote begins with an online registration, identity and address verification and funding of the account once approved. As the brokerÕs website indicates, the process is streamlined to three steps: sign-up, provide documentation and fund the account. The minimum live account deposit is variable depending on entity and jurisdiction: some third-party sources indicate no minimum deposit, while others cite USD 1 000 as the minimum for certain account types.

Funding Options

Swissquote allows funding by bank wire transfers and credit/debit cards for deposits and withdrawals via its European and Swiss entities. Deposits are free of charge from the brokerÕs side for many currencies and methods, and withdrawals by bank transfer incur a fee of USD 10 in one review.

Bot & API Compatibility

The broker supports algorithmic trading via its integration of the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Both platforms offer full EA (expert advisor) support and automated trading capabilities directly from the brokerÕs offering. According to the brokerÕs website it also provides FIX API solutions for institutional clients.

Trading Conditions& Restrictions

Trading conditions at Swissquote include spread-based pricing for Forex and CFD instruments; the firm emphasises execution, technology and transparency, with the claim that all trading costs are included in the spreads and that there are no hidden fees. The broker also issues a risk warning that 53.33 % of retail investor accounts lose money when trading CFDs with this provider in the European entity.

Swissquote Ltd Reviews

( 279 )

Swissquote Ltd Reviews

( 279 )
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