The search function is simple, although sometimes the results are organized a bit strangely, similarly to the web platform. Withnews alerts you can have a custom alert box filled with news items of your choice. You also get notifications when your trades are executed. In addition to the alert section in the trading platform, you can opt in for email notifications as well.
Worth mentioning additional tools like autochartist, which has very few new and advanced features, offers information like risk metrics, chart patterns identification, and many more. For issues or questions regarding investment and trading tools, customer support is an essential part of the trading experience at Swissquote. Clients can instantly get in touch with the support team to resolve such issues. We are still very favorable compared to other banks licensed in Switzerland. For that reason, these brokers are able to offer even a more favorable pricing policy.
How to start your Swissquote account?
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Challenging times shows us how we can be better in future. We are examining various measures to improve platform stability for extraordinary market movements. We kindly inform that your issue has been already processed and a reply was sent to you.
Swissquote Group Holding Ltd was founded in May 2000 and listed on the SIX Swiss Exchange. Swissquote Bank Ltd was granted a banking licence in 2001. Secure and easy banking, platform is well done and efficient. I would however, appreciate a better exchange rate between currency. In the registration process you will have to deposit a small amount to fund the account, via bank transfer, which is straight forward and happens within a day or two.
In terms of instruments, I would put them up there with TMGM, who also have a great range of financial instruments for you to trade. The risk calculator included can assist you with calculating your real capital exposure and set risk-adjusted position sizes. There is also an event impact analysis which help to evaluate the possible impact of economic events on specific instruments. It has the capabilities of recognising emerging and completed trade setups and will send you alerts when it finds them. I like how Autochartist can identify regular chart patterns, Fibonacci patterns and key levels. Trading setups are given a quality score based on historical performance.
Having a banking license, being listed on a stock exchange, providing financial statements, and is regulated by top-tier authorities are all great signs for Swissquote’s safety. Swissquote scores high in terms of safety for multiple reasons. The broker is regulated by top-tier authorities, it is listed on the Swiss exchange, it discloses its financial statements and has a banking license.
You can get spreads from zero pips through other brokers such as IC Markets, but you will be paying a small commission fee on top. It really depends on your trading strategy and whether you require tight spreads or not. If you are not scalping, then I think Swissquote have very good trading conditions overall with a versatile choice of account types for everyone.
If you are not familiar with the various order types, readthis overview. The search functions are OK.You can find the assets in categories. However, categorization is a bit confusing as there are several forex categories. We also missed the usual search function where you can type in the asset names manually. To get a better understanding of these terms, read this overview of order types. On the other hand, the search results are not always satisfactory.
The Standard account has a minimum deposit of $1,000, which increases to $10,000 for the Premium account and $50,000 for the Prime account. Overall, the stock trading options available are pretty solid and should suit the needs of most intermediate traders. We were particularly impressed by the various analysis tools to which Swissquote provides access – these improve the stock trading process overall. We were particularly impressed by the stock screener tool, which allows you to easily compare the various stocks options available to you based on your investment preferences.
Note that the processing times for withdrawals are instant for credit card payments , while wire and bank transfers take about 1 to 3 working days to complete. The withdrawal methods can be processed from within the e-portal, and unlike payment methods for funding, money can be withdrawn from Swissquote only through bank transfer. Regarding other fees such as stock fees and ETF fees, Swissquote charges high fees like high stock fees.
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Swissquote offers a good range of tradable instruments ranging from forex, to commodities, indices and stock CFDs. In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you’re looking for and what you can trade. MetaTrader 4 allows users to develop, test and apply Expert Advisors . EAs are programs that monitor and trade markets using algorithms.
We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice. Swissquote provides a limited choice of funding options with wire transfers, debit/credit cards, and checks available for you to deposit and withdraw funds.
How we ranked fees
To swissquote review email or mobile notifications, you have to add your email address and your mobile MetaQuotes ID (it can be found in the MT4 app’s settings). You can set alerts and notifications in the form of email, push notifications to mobile, or notification to the desktop platform. In case of some exchanges (e.g. SIX) there are some additional order types and term options. Swissquote provides only a one-step login, but if you turn on Level 3 security, it prompts you to set a separate secure PIN. For logins, you can also use external password management apps like 1Password. The platform is available in English, French, German and Italian, but the app language depends on your phone’s language setting.
Swissquote does currently have a referral programme in place, though it is not particularly well advertised. It does appear to come with some decent bonuses, however, so it is worth checking out. Once a Swissquote Account type has been selected the applicant will be required to complete an online registration form in order for the process to be completed.
Regardless of whether you trade stocks for growth, value or maximal momentum, Swissquote has you covered. When compared to similar brokers a viable alternative broker choice to Swissquote is Avatrade. AvaTrade is a global CFD and forex broker with over 16 years of experience in the financial markets.
#3 Social Trading
You can only deposit money from accounts that are in your name. Swissquote’s futures fees are volume-based, i.e. based on the number of contracts you trade. To have a clear overview of Swissquote, let’s start with the trading fees. Swissquote offers only wire transfers for withdrawing money. Swissquote does not offer any deposit or no deposit bonuses to its clients due to regulatory restrictions.
- Secure and easy banking, platform is well done and efficient.
- Swissquote executes all forex and CFD transactions as the client’s counterparty and not as a broker or agent.
- We are committed to the fair handling of reviews and posts regardless of such relations.
- An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
- This is a well developed and intuitive platform that makes a good starting point for beginners.
Swissquote is well suited to affluent traders who are able to make relatively large deposits for opening accounts, which have minimum deposits ranging from $1,000 to $50,000. This broker can cater well to novice traders with its intuitive platform and extensive educational materials. Advanced traders can take advantage of more competitive spreads in the Premium, Prime and Professional accounts. They can also make use of the sophisticated features available within Advanced Trader and MetaTrader platforms such as strategy backtesting, automation and fund management tools. This includes not only the bespoke trading platform Advanced Trader, as well as a number of other platform-specific trading tools and features, but also its industry-leading robo advisory service. When you add into the mix Swissquote’s stellar reputation for customer trust and safety, trading with this broker is an easy choice to make.
- However, I am disappointed that we cannot make a deposit using eWallets as this is by far the most convenient option for me.
- Demo accounts are a great way to get to know a broker, we really appreciate such features.
- Swissquote Bank Ltd holds a banking license and is therefore subject to the requirements of FINMA and other external regulators.
In addition to https://forexhero.info/s as CFDs, you can theoretically buy Bitcoin and Ether ETNs on the Swedish Nasdaq. However, we could not find the products’ ISIN number on Swissquote’s platform, even though “Scandinavian markets” are available. The number of available options markets is OK but less than what is offered by Saxo or Interactive Brokers. However, the platformfeels outdatedand some features are hard to find. For example, it took some time to figure out how to add an asset to the watchlist.