Swissquote is one of the few brokers offering both the MetaTrader electronic trading platforms; MT4 and MT5. The MetaTrader client software provides users with live streaming prices and charts, enabling them to place orders, and manage their accounts.
Traders willing to pay higher spreads for an extensive range of markets and the luxury of a brokerage account with a Swiss bank choose Swissquote Bank, while the brand’s UK entity offers more competitive forex pricing.
You can trade:
- Equities, bonds, funds, warrants, derivatives, options & futures, etc.
- Stock indices
The trading platforms provided and markets covered by Swissquote are not unique in the investment platform market.
However, because Swissquote also provides access to the Autochartist technical screener on live accounts, and a professionally prepared daily technical report, this gives them a positive edge.
Autochartist is a multi-purpose market scanner enabling traders to scan the entire market across multiple timeframes for technical events through a single MetaTrader chart.
The broker charges above average fees for transfers and withdrawals, and an account kept dormant for a year will be charged a fee.
For traders meeting a minimum volume requirement, trading costs may be lowered. This suggests the platform is geared towards higher speculative trading.
In the UK, there’s a lack of account protection above what's required by regulators. In addition, there’s no guaranteed stop loss or negative balance protection.
You can pay a fee to use a custodial bank account however, which investors a bit little more control over deposit security.