- Knowledge Centre
Swissquote Group Holding Ltd is a provider of online financial and trading services.
It's listed on the SIX Swiss Exchange, has its headquarters in Gland, and offices in Zürich, Bern, Dubai, Malta, Hong Kong and London.
Swissquote Ltd is the London-based subsidiary of Swissquote Bank, and provides forex, index, commodities, and bond CFDs to traders in the European Union.
The company is regulated in the UK by the Financial Conduct Authority (FCA).
Swissquote Financial Services, based in Malta, is an investment services company regulated by the Malta Financial Services Authority.
Swissquote Bank MEA Ltd, is regulated by the Dubai Financial Services Authority (DFSA).
Swissquote Asia Ltd, based in Hong Kong, is regulated by the Securities and Futures Commission (SFC) and holds a type 3 licence (Leverage Foreign Exchange Trading).
The platforms, fees and product range vary considerably, depending on which of the above you choose.
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:
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.
It will take about 10 minutes to open an account.
First you have to pass a few basic compliance checks to ensure you understand the risks of trading and are allowed to trade.
In addition, when you open an account, you’ll need:
You will be able to explore Swissquote’s platform straight away, but not trade until you pass compliance.
Credit card, bank transfer or Payoneer.