Swissquote Bank Review 2024

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Overall Rating
Commissions Rating
Education Rating
Service Rating
Founded 2000
Regulation FINMA, MFSA, DFSA
Standard account $1000
Leverage 1:100
Spread 1.5-3

Swissquote Bank General Information

Swissquote Bank, a major European bank with its roots in Switzerland, has been making waves in the world of online forex brokerage and financial services since its inception in 2000. This institution offers a comprehensive range of trading services catering to both private traders and institutional investors. It's worth noting that Swissquote is not your typical Swiss bank; it has a unique history that sets it apart. Founded initially as Marvel Communications SA in 1990, Swissquote's origins lie in the world of financial software and web applications. The company launched its first financial platform,, in 1996, offering free access to real-time prices for all securities traded on the Swiss stock exchange. In 2000, Swissquote shares (SQN) were floated on the SIX Swiss Exchange, marking a significant milestone in its journey.

Swissquote Bank provides a diverse and dynamic range of trading instruments, including forex, stocks, energies, and commodities. The broker stands out for its competitive commissions and fees, making it an attractive choice for cost-conscious traders. While the platform excels in many aspects, some traders have noted minor nuances with fund withdrawals, although these issues are typically resolved promptly.

Welcome to Swissquote: Where Innovation Meets Banking

At Swissquote, we've rewritten the rules of banking to make trading smarter and more cost-effective. Join our dynamic and welcoming team as we embark on a journey to challenge the code!

  • Unlock the Door to Opportunity. Founded by two visionary engineers, our bank is a melting pot of talent, bringing together software developers, legal experts, sales professionals, and banking specialists. Together, we're on a mission to democratize trading opportunities, making them accessible to all.
  • A Bank Where You Belong. Forget about dress codes and rigid structures. At Swissquote, you have the freedom to be yourself. Come as you are, and let your passion for what you do shine through. We believe that a comfortable and welcoming environment fosters creativity and innovation.
  • Redefining the Future: Join Us. We thrive on innovation and embrace challenges. Our team actively participates in internal hackathons and engages with students through events like Lauzhack, a prestigious European hackathon hosted at EPFL. At Swissquote, you'll be at the forefront of redefining the future of banking.

Come aboard and be part of a team that's changing the game. Swissquote: Where innovation meets banking, and possibilities are limitless.

The broker offers multiple account types with varying minimum deposit requirements, catering to traders with different needs and preferences. Additionally, Swissquote's clients can access professional development courses, with the specific offerings varying depending on the chosen account type. The broker's top-tier VIP Platinum account provides exceptional benefits for high-net-worth individuals. Swissquote's trading platforms are user-friendly and equipped with advanced tools. Traders can choose from MetaTrader 4, WebTrader, and Advanced Trader, with mobile versions available for on-the-go trading. The broker offers a substantial selection of currency pairs and precious metals for trading. However, it's essential to note that Swissquote does not provide trading on ECN accounts, and its services are unavailable to U.S. citizens.

Customer support is accessible through multiple channels, including email, phone, and live chat. The support team is dedicated and responsive, ensuring that clients receive assistance when needed. Swissquote places a strong emphasis on safety and regulatory compliance, holding licenses from FINMA, DFSA, MFSA, and MiFID. This regulatory framework adds an extra layer of trust and reliability for traders worldwide.

Swissquote's journey has been marked by innovation and expansion. Over the years, it has acquired other financial institutions, expanded its offerings, and ventured into various sectors of the financial market. The acquisition of Advanced Currency Markets AG (ACM) in 2010 propelled Swissquote into the world's top ten online currency trading service providers. It also established Swissquote Ltd in London, extending its Forex services to the European Union. Swissquote's commitment to democratizing banking is evident through its history and innovations. The acquisition of MIG Bank in 2013 solidified its position as a leader in online trading, while initiatives like ePrivate Banking provided clients with easy-to-use tools for portfolio management. The bank's partnership with Manchester United further expanded its global reach.

Swissquote continues to push boundaries with its commitment to digital banking. In 2017, it became the first bank to offer trading in five cryptocurrencies, providing a secure and straightforward platform for customers to engage in cryptocurrency trading. The acquisition of Internaxx Bank S.A. in 2018 further strengthened its presence in European markets. Swissquote's innovative spirit extends to multicurrency credit cards and the opportunity to participate in initial coin offerings (ICOs).

Swissquote Bank's journey from its inception to its current standing as a prominent financial institution reflects its commitment to transparency, innovation, and client empowerment. It remains dedicated to facilitating and democratizing the world of finance for its diverse clientele.

Swissquote Bank SA: Balancing Reliability and Accessibility

Swissquote Bank SA stands as a moderate-risk broker with a TU Overall Score of 6.78 out of 10. In our evaluation of the company's trading opportunities and the feedback from Swissquote Bank SA clients, we recommend prospective users to conduct a thorough analysis of the broker's pros and cons before opening an account. Client reviews have indicated that not all users are entirely satisfied with the company's services.

Swissquote Bank SA currently ranks 46 among 349 companies featured in the TU Ranking. Our ranking system is based on a meticulous evaluation of over 100 criteria and a practical account opening test.

A Broker for Seasoned Investors

Swissquote is primarily geared toward large investors. The company holds a reputable license from FINMA, the Swiss Financial Markets Authority, ensuring the reliable protection of client funds and interests in case of disputes. However, for the everyday trader, Swissquote may present some less attractive working conditions. Swissquote comes into its own for those looking to invest substantial amounts, typically starting from $1 million.

If you fall into this category, feel free to reach out to us via email, and we'll provide tailored guidance to ensure a swift and secure process. However, for regular traders, Swissquote lags behind its competitors in various aspects.

A Long-Standing Presence in Forex

Swissquote has been a part of the Forex market since 1996 and operates under the regulatory oversight of FINMA. The company holds membership in the Swiss Bankers Association and maintains a global presence with offices in financial hubs like Zurich, London, Dubai, and Hong Kong. While moderately popular among traders, Swissquote falls short in customer service and various other categories compared to top-tier brokers.

The broker's performance is reflected in its Forex broker ratings. Swissquote emphasizes reliability but offers less competitive indicators important to traders, such as minimum deposit requirements, trading conditions, deposit policies, and withdrawal rules. The quality of Swissquote Bank's customer support is satisfactory but trails behind leading brokers.

Account Currency & Minimum Deposit:

  • Account Currency: EUR, USD, JPY, GBP, CHF, CAD, AUD, TRY, PLN, SEK, NOK, SGD, XGD, HUF, CZK
  • Minimum Deposit: From $1,000

Trading Features:

  • Leverage: Up to 1:400
  • Spread: From 1.1 pips
  • Instruments: Currencies, CFDs, precious metals, stock indices, bonds, commodities, cryptocurrencies
  • Margin Call / Stop Out: 100/30%

Pros of Trading with Swissquote Bank SA:

  • Authorization from a respected regulator
  • A broad range of financial services
  • A diverse selection of deposit currencies

Cons of Swissquote Bank SA:

  • A website that is not very informative and tends to be slow
  • High spreads and commissions
  • High minimum deposit requirements
  • Limited multilingual support in live chat
  • Few promotions, bonuses, contests, or special offers
  • A complex registration procedure that mandates verification.

Swissquote Bank SA appeals to seasoned investors seeking a reliable platform, but for those in search of more accessible and competitive trading conditions, other brokers may offer a better fit.

Swissquote Bank Trading Information 2024

Swissquote Bank SA Ch. de la Crétaux 33 P.O. Box 319 1196 Gland, Switzerland
Support Phone
+41 22 999 94 11
Trading software

Experience trading like never before with our newly designed web platform, tailored for Forex and CFD trading. While its interface remains simple and user-friendly, it's powered by a robust engine that can handle all your trading needs.

Embrace a New Era with TradingView

Our platform integrates seamlessly with TradingView, offering a suite of potent tools for your trading journey, including advanced charting functions.

  • Over 50 intelligent charting tools at your disposal.
  • Access to more than 80 technical indicators for in-depth analysis.
  • Synchronized layout for handling multiple charts effortlessly.

Unlock the Power of Autochartist

Meet your personal assistant, Autochartist, whose market scanner seamlessly integrates with Advanced Trader for an enhanced trading experience.

  • Save time as the app automatically scans markets and identifies trading opportunities.
  • Make well-informed decisions with PowerStats, Volatility Analysis, and forecasts.
  • React swiftly by receiving trade setups based on your chosen trading instruments and timeframes.

Master Multiple Order Types

Prepare for a more technical aspect of trading. In addition to traditional order types, you can effortlessly execute complex ones, setting our platform apart from the rest.

  • Order Cancels Other (OCO): Merge a stop order with a limit order, ensuring one cancels the other upon execution.
  • IF-DONE: A two-step order where the second step only activates when the conditions of the first are met.
  • If-OCO: A variant of the IF-DONE order, placing an OCO order after the initial execution in the IF part.

Customize Your Trading Space

Make the platform truly your own by customizing it to match your unique trading style.

  • Easily drag and drop platform components to create your ideal configuration.
  • Customize charts, drawing tools, and indicators to your liking.
  • Save your personalized layout for future use.

Access Exclusive Insights

Advanced Trader caters to various trading strategies. To help you maximize its potential, our team is ready to share tips on how it can best align with your specific needs. With our new platform, you're equipped with the tools and knowledge to take your trading to new heights.

Free Education

Step into Swissquote's Education Center, where you'll embark on a journey to unravel the intricacies of trading. Here, we recognize that grasping the terminology, navigating your preferred trading platform, honing your skills with existing tools, and understanding the inherent risks are pivotal to becoming a triumphant trader.

Our educational hub equips you with all the essential resources for a robust head start in the world of trading. Dive into a wealth of knowledge through our online courses and eBooks, allowing you to learn at your own pace.

Test your newfound insights with our free demos, providing a risk-free environment for you to practice and refine your trading strategies. We're here to empower you on your trading expedition, ensuring you have the expertise to navigate the financial markets confidently.


Our team of experts stands prepared to assist you in a multitude of languages, spanning over 10 different linguistic channels. Moreover, our dedicated Trading Desk remains at your service whenever the markets are active. Whether you're an early bird or a night owl, we're here to support you around the clock, ensuring that your trading experience is smooth and efficient, regardless of your location or time zone.

Available Assets

Don't miss out on trading opportunities across the globe – harness the potential of more than 400 Forex and CFD instruments. Explore a diverse range of assets to enhance your trading portfolio and stay ahead in the ever-evolving financial markets.

Unlock competitive trading conditions that suit your level of expertise. Dive into an expansive array of Forex and CFD instruments with transparent pricing tailored to your trading needs. Choose from the tiers below to discover the conditions that match your trading style.

Forex, Metals, Indices, Commodities, Bonds

Swissquote presents all-in spreads, eliminating the need for commissions across a comprehensive selection of over 130 Currency Pairs, Precious Metals, and CFDs encompassing Indices, Commodities, and Bonds. Enjoy a seamless trading experience with straightforward and transparent pricing.


In the realm of cryptocurrencies, Swissquote Exchange stands tall as a secure haven where freedom and security coalesce. Discover the best of all crypto worlds under one roof:

  • Access Liquidity: Harness liquidity from diverse sources to amplify your trading experience.
  • Competitive Prices: Benefit from competitive bid/offer prices, giving you an edge in the crypto market.
  • Bank-Grade Security: Trade with confidence in the secure environment of a renowned Swiss bank.

Maximize Your ETH Earnings - Staking Rewards

Earn up to 5% on your Ethereum holdings through our staking program. Watch your assets grow while you HODL.

Crypto, Your Portfolio's Favorite Playground

If your investment portfolio could choose its favorite assets, cryptocurrencies would undoubtedly top the list. This burgeoning asset class offers not only diversification but also thrilling volatility, ensuring a constant stream of fresh and enticing investment opportunities.

At Swissquote, our client relationships are built on trust and excellence. We prioritize offering fair and competitive pricing for all your trading needs. Explore our cost-effective solutions for trading the assets of the hour.

Explore the World of Cryptocurrencies

From Bitcoin to a multitude of altcoins, Swissquote offers access to 34 cryptocurrencies, each brimming with the advantages digital currencies bring. Enjoy the crypto-ride with the assurance of Swiss safety.

Cryptocurrencies are anything but mundane. Venture beyond the horizon by investing in a range of crypto-asset products, including Themes Trading Certificates, Futures, ETFs, ETPs, and leveraged products like Mini-Futures. Unearth a world of possibilities with Swissquote Exchange.

Investments Portfolios

Imagine granting your investment portfolio the ability to express its preferences, and without a doubt, it would enthusiastically endorse cryptocurrencies. This emerging asset class offers not only the prospect of diversification but also a heightened level of volatility, presenting a continuous array of exciting and dynamic investment prospects.

Trading signals

Unlock the full potential of your trading experience with Autochartist, the ultimate analysis tool designed to provide you with comprehensive insights and automated trade alerts.

Real-Time Alerts for Informed Trading

Autochartist's robust search engines continuously scan the markets, identifying trade setups, and sending timely alerts based on three key technical analysis options: regular chart patterns, Fibonacci patterns, and key levels. It seamlessly integrates with Advanced Trader and is available as a free plugin for MetaTrader. This integration allows you to capitalize on trading opportunities by placing orders directly from the charts while benefiting from Swissquote's superior liquidity and execution.

Elevate Your Decision-Making

Autochartist equips you with powerful tools for informed trading decisions:

  • Automated Technical Analysis: Early identification of Chart Patterns, Fibonacci Patterns, and Horizontal Levels.
  • Volatility Analysis: Enhance risk assessment when setting Take Profit and Stop Loss levels.
  • Event Impact Analysis: Provides concise visual accounts of how economic events impact specific instruments.

Simple Steps to Find the Best Trades

Autochartist makes finding and setting trades a breeze. With a step-by-step tutorial video, even beginners can quickly learn how to identify and capitalize on trading opportunities. Autochartist caters to traders of all levels:

For Beginners:

  • Trading Opportunities: Easily spot potential trades.
  • Quality Score: Assess the quality of each opportunity.
  • Messaging & Alerts: Streamline your trading process with automated alerts. Plus, access valuable features like webinars, market reports, and the trading community tab for a comprehensive learning experience.

For Experts:

  • Performance Statistics: Monitor market performance.
  • Volatility Analysis: Analyze price volatility.
  • Price Range Forecast: Predict price ranges.
  • Customized Filters: Adapt tools to your trading style.

Autochartist simplifies tasks, informs decisions, and enhances efficiency, making it an invaluable asset for both beginners and experts. Swissquote is pleased to offer Autochartist free of charge with its Advanced Trader and MetaTrader platforms. Take advantage of this powerful tool and elevate your trading experience today.

Account currencies
Payment Methods
Credit Cards, Wire Transfer
Affiliate Program

Your companions are our companions too. Introduce a friend to Swissquote, and both of you will be rewarded with CHF 100.- in Trading Credit.

  • Share Your Trading Journey Now
  • Spread the Word
  • Elevate Your Financial Experiences Together

Enhance your financial experiences and empower your friends to do the same. By recommending Swissquote, you're not just sharing a platform; you're sharing in success.


Our philosophy revolves around transparent and straightforward pricing. When it comes to Forex, we steer clear of commissions, and with Stocks, there are no minimum requirements. We believe in making your trading experience as seamless and accessible as possible.

English, French, Spanish, German, Russian, Italian, Chinese
Spread Type
Broker Type
Broker, MM

Minimum Lot Size: 0.01

Mini Account, $: 1000

Digits After Dot

Yes   24/5 Trading

Yes   Demo account

Yes   Daily Analytics

Yes   Swaps

Yes   Hedging

Yes   Scalping

Yes   Minus Protection

Yes   Mobile Trading

Yes   Automated Trading

Yes   Cashback

Yes   Trust Management

Yes   Promotions

Yes   Contests

Swissquote Bank Traders Reviews

  September 13, 2023  

I opted for Swissquote primarily due to its strong reputation and regulatory authority in the industry. I conducted thorough research and read reviews online, assuring myself of the broker's trustworthiness. However, my initial experience when funding my account was quite overwhelming. I was bombarded with 150 questions and requests for various documents, which felt excessive. I have also encountered several drawbacks during my time with Swissquote. Firstly, the commissions were notably high, which ate into my potential profits. Additionally, I often experienced frustrating delays in receiving responses to my inquiries or requests for advice, which hindered my trading experience. On the bright side, I had no issues with the withdrawal process, which was smooth and efficient. One significant positive aspect of Swissquote is its licensing from the reliable regulatory authority FINMA, providing a sense of security for traders. However, considering the challenges I've faced, I am contemplating the possibility of exploring other brokerage options that may better suit my trading needs and preferences.

  August 9, 2023  

I've recently made the switch to Swissquote, and I find it worthy of consideration when compared to the trading conditions offered by other firms. In my assessment, Swissquote caters more to substantial investors who have the capacity to commit significant funds and cover substantial fees. One notable advantage I've observed with this broker is the absence of slippages, which can be a source of frustration with some other platforms. Additionally, the option to select the currency of your deposit is a feature that can help prevent losses due to conversion rates, providing more control over your funds. However, it's essential to be aware of a significant drawback – the high commissions associated with Swissquote. These fees can significantly erode your deposit over time, which may not be suitable for traders with limited capital. In summary, Swissquote offers favorable trading conditions in certain aspects, but the high commissions can be a substantial consideration, especially for traders working with smaller deposits. It appears to be better suited for larger investors who can better absorb these costs.

  July 2, 2023  

Swissquote comes across as a middle-of-the-road broker. It's safe and dependable, but I can't say the same about its trading conditions and spreads, which I find rather subpar. My experience with Swissquote has left me with mixed feelings because it appears to be more suitable for those who open positions infrequently, perhaps once a year. However, if you're an active trader like myself, it's essential to be aware of the considerable downside – the high commissions. It seems like these fees could easily devour your entire deposit if you engage in frequent trading. Consequently, I hesitate to recommend Swissquote for active trading. In summary, Swissquote may offer security and reliability, but its trading conditions and commission structure may not align with the needs of active traders. If you're considering frequent trading, you might want to explore other options with more favorable terms.

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