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Swissquote2 min read
Broker Review
Swissquote Bank was founded in 1996 and is considered the titan of the foreign exchange market. Acts as a global partner of the Manchester United club. It offers popular financial services: online banking, lending, robo-consulting and Forex trading. Traders trade on a professional platform, provides training, online lectures, demo accounts.
Platforms
76
Usability
64
Assets
89
Users rating13 Votes
75
Pros Broker
Wide range of trading assets
Offers EU deposit insurance
Well regulated by FCA
Unique social network (Pulse)
Cons Broker
More for experienced traders
Doesn’t accept e-wallets
High minimum deposit
Own platform is not easy to use
76
Overall Broker Rating
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Review of the company

Swissquote Forex Broker is a company established in 1996. The main activity of the company is the provision of online trading services to market participants. It all started with Marvel Communications SA, which was founded in 1990 by entrepreneurs Paolo Buzzi and Mark Burke. Marvel’s core business was financial software and online application development. Swissquote, having begun its work in the securities market, entered the Swiss Stock Exchange. At the moment, the broker is a leader in online trading and among financial services in Switzerland. Also, the official website of the company is visited monthly by 2 million users. Worldwide, Swissquote is one of the top ten global online brokers. In 2000, the company placed its shares on the Swiss Stock Exchange SIX Swiss Exchange.

Promotions, bonuses

The company has three main trading platforms that are suitable for different customer needs. AdvancedTrader allows you to trade in the foreign exchange market, as well as precious metals, CFDs. Hedging and complex types of orders are possible.

MetaTrader 4 also includes automated trading and providing each client with a personal manager. A MetaTrader 5 account adds the default FIFO service to all the advantages of a previous trading account.

The affiliate program allows traders to receive additional income from attracted customers. There are these types of affiliate programs:

  • Partnership in a rebranding environment;
  • Liquidity decisions;
  • Introducing brokers;
  • Fund manager.

Trading advantages

Swissquote brokerage is regulated by financial institutions. By joining the company, clients and partners of the broker get the maximum benefit from a number of advantages. Swissquote adheres to Swiss banking standards. Transparency and security are the basic principles of a brokerage company.

To maximize profits, the company’s customers use marketing research developed by Swissquote, have access to training information and trading tools. The communications department provides 24/7 customer support on weekdays. Swissquote Group has over 500 employees. The broker has offices in London, Hong Kong, Dubai and Malta. These representations provide services to customers from 120 countries.

Trading interface

The company offers its customers a choice of three trading platforms: MetaTrader 4/5 and its own proprietary trading platform AdvancedTrader. All platforms are adapted for mobile devices. Swissquote Ltd regulated by the FCA in the UK does not offer the AdvancedTrader platform, leaving only the MetaTrader 4 and MetaTrader 5 platforms. We tested the MetaTrader 4 platform from the British branch. The work of the platform left a good impression, very good order execution speed, spread from 0.2 pips, plus a commission of $7.

Deposit & withdrawal

Customers can deposit funds into their accounts using bank transfer and Visa and MasterCard credit cards. Withdrawal of funds is possible only by bank transfer. Withdrawal fee is $10.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.