Swissquote review summary
Swissquote is a Swiss online broker with a banking license. Swissquote offers access to many markets around the world. It charges no inactivity fee. As a listed Swiss broker with a banking background, Swissquote scores high on safety. It is a good choice for beginner investors. Swissquote has high fees. Its selection of multiple trading platforms is a bit overwhelming, and some of its research tools are not free of charge. BrokerChooser gave Swissquote a 4.5/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Swissquote is a regulated broker, it is overseen by top-tier financial regulators in multiple countries . Swissquote is also covered by investor protection in selected jurisdictions. We at BrokerChooser always test brokers with real money, including the withdrawal process.
You can't open an account at Swissquote if you live in United States. See the best alternative available in your country.
Swissquote pros and cons
Pros | Cons |
---|---|
• Access to many markets and products | • High trading fees |
• No inactivity fee | • Confusing trading platform selection |
• Rock-solid background | • Some research tools are not free |
Swissquote main highlights
🗺️ Country of regulation | Switzerland, Luxembourg UK, UAE, Hong Kong, Singapore, Malta |
💰 Trading fees class | High |
💰 Inactivity fee charged | No |
💰 Withdrawal fee amount | $10 |
💰 Minimum deposit | $0 |
🕖 Time to open an account | 1 day |
💳 Deposit with bank card | Available |
👛 Depositing with electronic wallet | Not available |
💱 Number of base currencies supported | 22 |
🎮 Demo account provided | Yes |
🛍️ Products offered | Stock, ETF, Forex, Fund, Bond, Options, Futures, CFD, Crypto, Themes trading, Robo-advisory |
Swissquote review
Fees
Swissquote charges no inactivity fee and you can trade an impressive selection of funds for favorable fees. On the other hand, trading fees are generally high, including stock and ETF fees, and withdrawing money comes with a price tag.
Pros | Cons |
---|---|
• Low fund fees | • High stock and ETF fees |
• No inactivity fee | • High bond fees |
Assets | Fee level | Fee terms |
---|---|---|
US stock | High | Volume-tiered commission ranging between $9 and $190 |
EURUSD | Low | Swissquote UK's premium account: the fees are built into the spread, 1.6 pips is the average spread cost during peak trading hours. |
Mutual fund | Low | $9 per trade from Prime Partners (BlackRock, Fidelity, HSBC, etc.) and $0 per trade for funds under Swissquote's custody |
Inactivity fee | Low | No inactivity fee charged |
How we ranked fees
We ranked Swissquote's fee levels as low, average or high based on how they compare to those of all reviewed brokers.
First, let's go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.
- Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.
- Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.
In the sections below, you will find the most relevant fees of Swissquote for each asset class. For example, in the case of stock investing the most important fees are commissions.
We also compared Swissquote's fees with those of two similar brokers we selected, Saxo Bank and Interactive Brokers. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of Swissquote alternatives.
To have a clear overview of Swissquote, let's start with the trading fees.
Swissquote trading fees
Swissquote's trading fees are high. We recommend Swissquote if you want high-quality service and are willing to pay a higher price for it. If you prefer lower costs, there are discount brokers out there that are likely better options for you.
Swissquote's fee structure is transparent. As a default, the pricing structure is volume-based, which means the higher the volume, the lower the fees you pay. You can, however, change the pricing structure to a fixed-rate plan, where you can pre-purchase a set amount of trades for a flat price. In this review, we calculated using the volume-based fee structure.
Stock fees and ETF fees
Swissquote has high stock and ETF commissions. Prices are far higher than the average fees of some competitor brokers in the same league and significantly higher than discount brokers' commissions.
Swissquote | Saxo Bank | Interactive Brokers | |
---|---|---|---|
US stock | $25.0 | $10.0 | $1.0 |
UK stock | $28.3 | $9.0 | $3.4 |
German stock | $29.7 | $9.9 | $3.0 |
The stock trading fee calculation is volume-based and transparent. Let's have a quick overview of trading fee terms for the available stock exchanges at Swissquote Bank (CH):
Transaction value ($) | Switzerland (CHF/USD/EUR) | US (USD) | UK, Germany, Scandinavia, Spain, Canada (EUR/GBP/CAD) | Australia (AUD) | Hong Kong (HKD) | Singapore (SGD) |
---|---|---|---|---|---|---|
0 - 500 | 9 | 15 | 25 | 35 | 250 | 35 |
500 - 2,000 | 20 | 25 | 25 | 35 | 250 | 35 |
2,000 - 10,000 | 30 | 30 | 30 | 50 | 350 | 45 |
10,000 - 15,000 | 55 | 55 | 55 | 80 | 500 | 75 |
15,000 - 25,000 | 80 | 80 | 80 | 120 | 750 | 110 |
25,000 - 50,000 | 135 | 135 | 135 | 200 | 1100 | 190 |
more than 50,000 | 190 | 190 | 190 | 290 | 1600 | 270 |
Market | Commission | Minimum traded amount |
---|---|---|
Asia and Pacific | ||
Indonesia Philippines Thailand |
1.00% | CHF 500 |
Japan | 0.50% | CHF 75 |
Malaysia Turkey |
1.00% | CHF 300 |
Sri Lanka | 1.00% | CHF 400 |
United Arab Emirates | 0.75% | CHF 150 |
Europe | ||
Bulgaria | 1.50% | CHF 350 |
Cyprus Czech Republic Lithuania Hungary |
1.00% | CHF 200 |
Estonia | 1.00% | CHF 250 |
Ireland | 0.85% | CHF 250 |
Luxembourg | 0.35% | €150 |
Other markets | ||
Mexico Russia |
1.00% | CHF 200 |
South Africa | 0.55% | €80 |
USA OTC | 0.50% | $50 |
The stock/ETF commission for Swissquote Bank Europe (LUX) is 0.1% with a minimum of €14.95 (€24.95 for Japan).
If you prefer stock trading on margin, check Swissquote's margin rates.
Trading on margin basically means that you borrow money from your broker so you can purchase more shares than you could with just the available cash in your account. You have to pay interest on this borrowed money – the interest rate is called the margin rate. It can account for a significant portion of your trading costs.
Swissquote's margin rates are average overall, but higher than at the competitors in our comparison. The margin rates vary based on the base currency of your margin account.
Swissquote | Saxo Bank | Interactive Brokers | |
---|---|---|---|
USD margin rate | 7.3% | - | 5.3% |
GBP margin rate | 6.4% | - | 4.5% |
EUR margin rate | 4.9% | - | 2.8% |
Forex fees
Swissquote's forex fees are low.
To have a clear picture of forex fees, we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads, and financing costs for all brokers.
Swissquote | Saxo Bank | Interactive Brokers | |
---|---|---|---|
EURUSD benchmark fee | $15.0 | $14.6 | $14.7 |
GBPUSD benchmark fee | $9.9 | $8.8 | $10.7 |
AUDUSD benchmark fee | $11.5 | $10.0 | $8.4 |
EURCHF benchmark fee | $1.4 | $1.4 | $4.7 |
EURGBP benchmark fee | $11.4 | $12.0 | $12.6 |
Fund fees
Swissquote's fund fees are low. Mutual fund fees differ depending on the fund provider.
We calculated the fees for the most popular mutual fund providers, such as BlackRock and Fidelity.
Swissquote | Saxo Bank | Interactive Brokers | |
---|---|---|---|
Mutual fund | $9.0 | $0.0 | $15.0 |
Swissquote Bank (CH) charges $9 per trade for 'Premium' funds, i.e. funds issued by prominent fund providers like BlackRock.
For other mutual funds, fees vary. For example, you can trade some Swiss funds for free.
Swissquote Bank Europe (LUX) charges 0.5% for mutual fund subscription/redemption.
Bond fees
Swissquote has generally high bond fees.
Swissquote | Saxo Bank | Interactive Brokers | |
---|---|---|---|
US Treasury bond | $75.0 | $79.2 | $5.0 |
EU government bond | $49.5 | $79.2 | $10.0 |
Swissquote charges a minimum fee as well as a percentage fee, which is quite high.
Trading fee | Minimum trading fee | |
---|---|---|
All major and OTC bond markets | 0.3% | €/£/CHF 50 or $/CAD/AUD 70 or Others: CHF 90 or equivalent value |
Transaction value ($) | Transaction fees (CHF/USD/EUR/AUD/CAD/GBP) |
---|---|
0 - 500 | 9 |
500 - 2,000 | 20 |
2,000 - 10,000 | 30 |
10,000 - 15,000 | 55 |
15,000 - 25,000 | 80 |
25,000 - 50,000 | 135 |
more than 50,000 | 190 |
Options fees
Swissquote options fees are high. We calculated the fees for stock index options.
Swissquote | Saxo Bank | Interactive Brokers | |
---|---|---|---|
US stock index options | $19.9 | $30.0 | $6.5 |
UK stock index options | - | $28.3 | $19.2 |
German stock index options | $9.9 | $39.6 | $16.8 |
Swissquote's options fees are volume-based, i.e. based on the number of contracts you trade.
Trading fee per contract | Minimum | |
---|---|---|
EUREX - stock index options | €/CHF 1.00 | €/CHF 5.00 |
EUREX - stock options | €/CHF 1.50 | None |
CME E-mini NASDAQ and E-mini S&P500 | $1.99 | $5.00 |
US stock options | $1.49 | None |
Eurnext, LIFFE* stock index options | €/£ 2.00 | None |
Eurnext, LIFFE* stock options | €/£ 1.50 | None |
*You can trade options only via phone.
Futures fees
Swissquote's futures fees are average. We calculated the fees for stock index futures.
Swissquote | Saxo Bank | Interactive Brokers | |
---|---|---|---|
US micro e-mini stock index futures | $19.9 | $40.0 | $2.5 |
UK stock index futures | - | $33.9 | $19.2 |
German e-mini stock index futures | $9.9 | $39.6 | $7.9 |
Swissquote's futures fees are volume-based, i.e. based on the number of contracts you trade.
Trading fee per contract | Minimum | |
---|---|---|
EUREX - stock index futures | €/CHF 1.00 | €/CHF 5.00 |
CME E-mini NASDAQ and E-mini S&P500 | $1.99 | $5.00 |
E-micro EUR/USD | $2.50 | $5.00 |
Other futures currencies | $5.00 | $5.00 |
E-mini crude oil and WTI Gold and silver US T-bonds & Notes E-mini Dow |
$1.99 | $5.00 |
Eurnext, LIFFE* stock index futures | €/£ 2.00 | None |
*You can trade futures only via phone.
CFD fees
Swissquote has high CFD trading fees.
To have a clear understanding of CFD fees, we calculated a CFD benchmark fee for the selected products. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.
Swissquote | Saxo Bank | Interactive Brokers | |
---|---|---|---|
S&P 500 index CFD fee | $10.2 | $3.1 | $3.3 |
Europe 50 index CFD fee | $6.1 | $3.0 | $4.2 |
Apple CFD fee | - | $23.1 | $4.3 |
Vodafone CFD fee | - | $21.1 | $9.3 |
CFD trading fees are built into spreads. We calculated with 20:1 leverage for stock index CFDs and 5:1 leverage for single stock CFDs.
Crypto fees
Swissquote provides cryptocurrencies for trading. There is a bid-ask spread, plus a commission, which is:
- 1% for trade volume of up to CHF 10,000
- 0.75% for trade volume between CHF 10,000–50,000
- 0.50% above CHF 50,000
Robo-advisor
Swissquote provides a robo-advisory service. Fees vary depending on the amount of money you invest.
Swissquote's robo-advisory fees are high – just to give a benchmark, ETFMatic, a European robo-advisor, charges around 0.6% annually.
Money invested (CHF) | Total annual fee of the portfolio |
---|---|
10,000 - 200,000 | 1.25% |
200,001 - 350,000 | 1.10% |
350,000+ | 0.95% |
Non-trading fees
Swissquote has average non-trading fees.
Swissquote | Saxo Bank | Interactive Brokers | |
---|---|---|---|
Account fee | No | No | No |
Inactivity fee | No | Yes | No |
Deposit fee | $0 | $0 | $0 |
Withdrawal fee | $10 | $0 | $0 |
There is no inactivity fee or account maintenance fee at Swissquote Bank (CH), while there is 0.1875% min. €100 per quarter inactivity fee at Swissquote Europe (LUX).
Depositing money is free via bank transfer, but credit/debit card transfers carry a 2.2-2.5% fee. Both Swissquote Bank (CH) and Swissquote Bank (Europe) charges a withdrawal fee.
Swissquote Bank (CH) charges a high custody fee, which is charged after the securities you hold. The fee is 0.025% of total assets per quarter, with a CHF 15 minimum and CHF 50 maximum. Swissquote Bank (Europe) doesn't charge custody fee
Compare broker fees
John
Swissquote review
Account opening
Swissquote offers a fully digital account opening process, although we encountered wait times. There is no minimum deposit for trading accounts, but a high minimum for forex and robo-advisory accounts.
Pros | Cons |
---|---|
• Fully digital | • Long wait times |
• No minimum deposit for trading account | • Forex and robo-advisor accounts have high minimum deposit |
Can you open an account?
What is the minimum deposit at Swissquote?
There is no minimum deposit for trading accounts at Swissquote Bank (CH) and Swissquote Bank Europe (LUX). Forex accounts require a minimum of between $1,000 and $50,000, depending on the forex account you choose, while robo-advisory accounts require a minimum of EUR/GBP/USD 5,000.
At Swissquote LTD (UK), there are various account types (available in EUR, USD, GBP, and CHF), with different minimum deposit requirements.
- Standard account - 1,000 minimum
- Premium account - 10,000 minimum
- Prime account - 5,000 minimum
- Elite account - 10,000 minimum
Account types
Swissquote Bank (CH) offers three account types that differ in the required minimum deposit, the products you can trade and the available trading platforms:
Minimum deposit | Tradable products | Available trading platforms | |
---|---|---|---|
Trading account | No minimum | Equities, ETFs, Funds, Bonds, Futures, Options, Forex, and CFDs | eTrading |
Forex account* | $1,000-50,000 | Forex and CFDs | Advanced Trader, MetaTrader 4, MetaTrader 5 |
Robo-advisory account | $/€/£ 5,000 | Robo-advisor invests in funds | Robo-advisor's platform |
*There are four types of forex accounts, which differ in pricing and minimum deposit.
- Standard - $1,000 minimum deposit, spreads from 1.7 pip, no commission
- Premium - $10,000 minimum deposit, spreads from 1.4 pip, no commission
- Prime - $50,000 minimum deposit, spreads from 1.1 pip, no commission
- Professional - custom spreads; you have to contact Swissquote to apply for this account

Swissquote Bank Europe (LUX) provides the following account types:
- Trading account - you can trade with stocks, ETFs, mutual funds, and crypto.
- Forex account - you can trade with CFD and forex
- Robo-advisor account - you can use Swissquote's robo-advisor service.
At the London-based Swissquote LTD (UK) you can choose from three account types, which differ in their pricing structure, minimum deposit, and maximum leverage. The fourth one is not for average investors.
Minimum deposit | Spreads | Commission | Maximum leverage | |
---|---|---|---|---|
Premium account | €1,000 | From 1.3 pips | No commission | as per ESMA-regulation |
Prime account | €5,000 | From 0.6 pips | No commission | as per ESMA-regulation |
Elite account | €10,000 | From 0.0 pips | €2.5 per lot per trade | as per ESMA-regulation |
Professional* | €10,000 | From 0.0 pips | €2.5 per lot per trade | 1:400 |
*To qualify for the professional account, you have to satisfy the following three criteria:
- Traded derivatives, like CFD or forex, in significant amounts and on average 10 times per quarter over the last four quarters.
- Have a portfolio of at least €500,000.
- Worked in the financial sector for at least one year.
How to open your account
The Swissquote account opening process is generally smooth: the online registration was easy and straightforward, but the video identification can be inconvenient.
To open your account at Swissquote, you have to go through the following steps:
- Add your personal information, including your name and date of birth.
- Add a few details about your background, like your occupation and country of tax residence.
- Answer a few questions about your financial experience and knowledge.
- Review your application and submit it.
- Identify yourself either through video identification or by mailing your identity documents.

Our best alternatives to Swissquote are:
The highest ranking competitors are:
Swissquote review
Deposit and withdrawal
Depositing at Swissquote is quick with credit/debit card and can be done in several base currencies. On the negative side, you can only withdraw money via bank transfer and there is a withdrawal fee charged.
Pros | Cons |
---|---|
• Credit/Debit card available | • Withdrawal fee |
• Several account base currencies |
Account base currencies
Swissquote provides a wide range of account base currencies.
Swissquote Brand | Available account currencies |
---|---|
Swissquote Bank (CH) and Swissquote Bank (LUX) | EUR, USD, GBP, CHF, JPY, AUD, CAD, NZD, PLN, SEK, DKK, NOK, HUF, TRY, ZAR, SGD, MXN, HKD, THB, ILS, AED |
Swissquote LTD (UK) | EUR, USD, JPY, GBP, CHF, CAD, AUD, TRY, PLN, SEK, NOK, SGD, XGD, HUF, CZK |
Swissquote | Saxo Bank | Interactive Brokers | |
---|---|---|---|
Number of base currencies | 22 | 26 | 23 |
Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don't have to pay a conversion fee.
A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank.
Deposit fees and options
Swissquote charges no deposit fees for bank transfers. For credit and debit card transfers, deposit fees range between 2.2% and 2.5%, depending on your residency.
Swissquote | Saxo Bank | Interactive Brokers | |
---|---|---|---|
Bank transfer | Yes | Yes | Yes |
Credit/debit card | Yes | Yes | No |
Electronic wallets | No | No | No |
A bank transfer can take several business days, while payment with a credit/debit card is nearly instant. It took 1 hour when we tested it.
You can only deposit money from accounts that are in your name.

Swissquote withdrawal fees and options
Swissquote withdrawal fees depend on where you trade, which country you transfer to and the currency of the transaction. The withdrawal fee at Swissquote Bank Europe (LUX) is €10, while Swissquote Bank (CH) charges €2 for euro withdrawals and $10 for US dollar withdrawals.
Currency | Withdrawal within Switzerland, Liechtenstein and the SEPA* countries | Withdrawal outside Switzerland, Liechtenstein and the SEPA* countries |
---|---|---|
CHF | 2 | 2 |
EUR | 2 | 10 |
USD | NA | 10 |
GBP | NA | 10 |
For the full list, visit Swissquote's website |
*SEPA (Single Euro Payment Area) countries include all of the EU and EFTA countries.
You can use bank transfers for withdrawals.
Swissquote | Saxo Bank | Interactive Brokers | |
---|---|---|---|
Bank transfer | Yes | Yes | Yes |
Credit/debit card | No | No | No |
Electronic wallets | No | No | No |
Withdrawal fee | $10 | $0 | $0 |
How long does it take to withdraw money from Swissquote? Swissquote says that it will send your withdrawal on the same day. In our test it took 1 day.
Swissquote review
Web trading platform
The Swissquote eTrading platform has so many functions that sometimes the platform is hard to use. Customizability is good and there is a clear overview of trading fees, but it's easy to get lost on the platform.
Pros | Cons |
---|---|
• Clear fee report | • Easy to get lost among functions |
• Two-step (safer) login | |
• Good search function |
Trading platform | Score | Available |
---|---|---|
Web | 4.3 stars | Yes |
Mobile | 4.7 stars | Yes |
Desktop | 3.4 stars | Yes |
Swissquote provides several trading platforms and it can be difficult to decide which one to choose.
If you trade stocks, the eTrading platform is most probably the best for you.
If you trade forex, you can choose MetaTrader 4, MetaTrader 5 or Swissquote's proprietary platform, Advanced Trader. Advanced Trader can only be used for forex trading.
Trading platform | Tradable products |
---|---|
eTrading | Equities, ETFs, Funds, Bonds, Futures, Options |
Advanced Trader MetaTrader 4 MetaTrader 5 |
Forex and CFDs |
In this review, we focused on Swissquote's eTrading platform, which is available in multiple languages.
Arabic | Chinese | English |
French | German | Italian |
Russian | Simplified Chinese | Spanish |
Look and feel
The design of Swissquote's eTrading web platform is average and functional. It feels clean but a bit outdated; functions are clear, while navigating among sections could be a bit better.
In some cases the platform is too Swiss-focused. For example, the Swiss stock market is at the top of the menu, above US and Europe. It can also be difficult to find how to go back to the previous menu. In many cases, you are logged out from the platform when you navigate between sections and need to log in again, which is quite annoying.
The platform can be customized to your preferences.

Login and security
The default at Swissquote is a simple login, but you can set a more secure authentication with a physical code card or through mobile authentication. Read more about Swissquote's 2-step identification here.
Search functions
The search function is good. Depending on the asset categories, you can set plenty of advanced filter parameters, such as rating, sector, risk, analyst recommendation, market cap, etc.
On the other hand, the search results are not always satisfactory. Swiss assets are always overrepresented in the results and often not the most important assets are at the top of the list. We also encountered timeouts on various occasions while waiting for search results.

Placing orders
The order panel is simple, with only five order types:
- Limit
- Market
- Stop
- Stop limit
- OCO (One-cancels-the-other)
The order term can only be set by date. In the case of some exchanges (e.g. SIX, the Swiss exchange) there are some additional order types and term options, like Fill or Kill, Immediate or Cancel.
To get a better understanding of these terms, read this overview of order types.

Alerts and notifications
You can set up price alerts and make a watchlist. With news 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.
Portfolio and fee reports
It is simple to check your portfolio. Trading fees are easy to find in the order panel before submission, but it is relatively hard to get a clear report on all the fees you paid. For example, you need to wait 30 minutes to have your asset statement compiled.
Swissquote review
Mobile trading platform
Swissquote's eTrading has a user-friendly and well-designed mobile trading platform. The search function is simple, although sometimes the results are organized a bit strangely, similarly to the web platform.
Pros | Cons |
---|---|
• User-friendly | • No advanced search filters |
• Good search function | |
• Price alerts |
Swissquote provides mobile trading platforms for all of its web trading platforms:
- eTrading
- MetaTrader 4
- MetaTrader 5
- Advanced Trader
These are all available for iOS and Android. In this review, we tested eTrading on iOS.
The platform is available in English, French, German and Italian, but the app language depends on your phone's language setting.
Look and feel
The Swissquote mobile trading platform looks modern and is easy to use, but sometimes you have to go deep to find all the functionalities. We liked that if you rotate your phone horizontally, you can see a more detailed view of some lists and charts.

Login and security
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.
After logging in, you can set biometric authentication, which is a convenient feature.
Search functions
The search function is quite simple and lacks the advanced filters available on the web platform. You can only set asset type classes. The results are sometimes overweighted toward Swiss assets, similarly to the eTrading web platform.

Placing orders
You can use the following order types:
- Market
- Limit
- Stop
- Stop limit
The only order time limit you can use is Good 'til Date (GTD).
In case of some exchanges (e.g. SIX) there are some additional order types and term options.

Alerts and notifications
You can set price, news and order confirmation alerts and notifications on the mobile platform.
Swissquote review
Desktop trading platform
Swissquote's desktop trading platform is provided by MetaTrader. The interface is highly customizable, has a clear fee report and price alerts are enabled. On the other hand, it lacks a two-step login and the design is outdated.
Pros | Cons |
---|---|
• Clear fee report | • No two-step (safer) login |
• Good customizability (for charts, workspace) | • Poor design |
• Price alerts |
Swissquote doesn't have a dedicated desktop trading platform for trading stocks, ETFs, bonds and mutual funds. If you would like to trade forex/CFDs, you can choose from the following three trading platforms: MetaTrader 4, MetaTrader 5 and Advanced Trader. In this review, we tested MetaTrader 4 due to its high popularity.
MetaTrader 4 is available in an exceptionally large number of languages:
Arabic |
Bulgarian |
Chinese |
Croatian |
Czech |
Danish |
Dutch |
English |
Estonian |
Farsi |
French |
German |
Greek |
Hebrew |
Hindi |
Hungarian |
Indonesian |
Italian |
Japanese |
Korean |
Latvian |
Lithuanian |
Malay |
Mongolian |
Persian |
Polish |
Portuguese |
Romanian |
Russian |
Serbian |
Slovak |
Slovenian |
Spanish |
Swedish |
Tajik |
Thai |
Turkish |
Ukrainian |
Uzbek |
Vietnamese |
Look and feel
Swissquote's desktop trading platform has great customizability. It is easy to change the size and the position of the tabs.
However, the platform feels outdated and some features are hard to find. For example, it took some time to figure out how to add an asset to the watchlist.

Login and security
Swissquote provides only a one-step login. A two-step authentication would be more secure.
Search functions
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.

Placing orders
Don't look for very sophisticated orders like one-cancels-the-other. The following order types are available:
- Market
- Limit
- Stop
- Trailing Stop
Trailing Stop is available only in the MT4 desktop platform
If you are not familiar with the various order types, read this overview.
There are also order time limits you can use:
- Good 'til canceled (GTC)
- Good 'til time (GTT)

Alerts and notifications
You can set alerts and notifications in the form of email, push notifications to mobile, or notification to the desktop platform.
To set 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). To add them, go to 'Tools' and select 'Options'.
Portfolio and fee reports
Swissquote has clear portfolio and fee reports. It is easy to find your profit-loss balance and the commissions you paid under the 'Account History' tab: right click on one position, then choose 'Save as Detailed Report'.
Jano
Swissquote review
Markets and products
At Swissquote Bank (CH) and Swissquote Bank Europe (LUX), you can access many markets and trade a lot of different product types. At Swissquote LTD (UK) you can trade forex and CFDs.
Swissquote | Saxo Bank | Interactive Brokers | |
---|---|---|---|
Stocks | Yes | Yes | Yes |
ETFs | Yes | Yes | Yes |
Forex | Yes | Yes | Yes |
Funds | Yes | Yes | Yes |
Bonds | Yes | Yes | Yes |
Options | Yes | Yes | Yes |
Futures | Yes | Yes | Yes |
CFDs | Yes | Yes | Yes |
Crypto | Yes | Yes | Yes |
Swissquote offers many different products, with almost everything available, from stocks to options. Swissquote has a wide selection of available markets and an exceptionally broad range of mutual funds. The selection of bonds, options and futures is OK.

Stocks and ETFs
Swissquote offers access to 60 stock exchanges worldwide. Swissquote also offers US penny stocks.
You can trade a decent number of ETFs, though not as many as its main competitors offer.
Swissquote | Saxo Bank | Interactive Brokers | |
---|---|---|---|
Stock markets (#) | 60 | 50 | 83 |
ETFs (#) | 20,000 | 6,400 | 13,000 |
Forex
Swissquote provides 80 currency pairs.
Swissquote | Saxo Bank | Interactive Brokers | |
---|---|---|---|
Currency pairs (#) | 80 | 190 | 105 |
Funds
There is a very wide range of funds available at Swissquote, with around 13,000 mutual funds from some 340 fund service providers.
Swissquote | Saxo Bank | Interactive Brokers | |
---|---|---|---|
Fund providers (#) | 340 | 17 | 400 |

Bonds
Swissquote's selection of bonds is great.
Swissquote | Saxo Bank | Interactive Brokers | |
---|---|---|---|
Bonds (#) | 53,400 | 4,500 | 1,065,000 |
Options
The number of available options markets is OK but less than what is offered by Saxo or Interactive Brokers.
Swissquote | Saxo Bank | Interactive Brokers | |
---|---|---|---|
Options markets (#) | 6 | 20 | 34 |
Futures
Swissquote provides access to a few futures markets.
Swissquote | Saxo Bank | Interactive Brokers | |
---|---|---|---|
Futures markets (#) | 6 | 28 | 32 |
CFDs
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Swissquote offers CFDs through its UK entity. Besides forex, you can trade CFDs on stock indices, commodities and bonds. Individual stock and ETF CFDs are not available.
Swissquote | Saxo Bank | Interactive Brokers | |
---|---|---|---|
Stock index CFDs (#) | 26 | 20 | 13 |
Stock CFDs (#) | 300 | 7,800 | 7,100 |
ETF CFDs (#) | - | 1,100 | - |
Commodity CFDs (#) | 12 | 20 | - |
Bond CFDs (#) | 3 | 8 | - |
Cryptos
Swissquote offers 12 cryptos as CFDs. However, these are not leveraged CFDs.
Available cryptos:
- 0x
- Augur
- Bitcoin
- Bitcoin Cash
- Chainlink
- EOS
- Ether
- Ethereum Classic
- Litecoin
- Ripple
- Stellar
- Tezos
In addition to cryptos 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.
Note that the FCA banned the sale of crypto-derivatives to UK retail consumers as of January 2021.
Themes Trading
Swissquote has an excellent special product called themes trading. These trading ideas are based on a common theme, which can be quite interesting. A few examples:
- Global recycling
- Online Gaming
- 5G Revolution
- Football Fever
The underlying portfolio and the past performance of these products are well documented. We really liked this themes trading service.
Robo-advisor
Swissquote provides a robo-advisory service. It's suitable for you if you don't want to manage your investments on your own or simply need to gain some confidence in investing.
The minimum investment amount starts at $/€/£ 5,000 and the fees are quite high in comparison with other robo-advisors.

Swissquote review
Research
Swissquote offers good interactive charting and lots of news from various sources in different languages. Some research services are only available for a fee, which is a big drawback as the free ones are mostly basic.
Pros | Cons |
---|---|
• Good interactive chart | • Limited fundamental data |
• Trading ideas | • Recommendations are not structured |
• Quality news flow |
Swissquote's free research services are OK, but not the best in class. The broker also provides some more advanced subscription-based research services, but the fees are not competitive. In this review, as with other brokers, we concentrate only on the free services.
All Swissquote research is available in English, German and Italian, with some services offered in additional languages as well.
Recommendations
There are some reports and news commentaries. These are ad-hoc and you cannot search for a specific asset or market. The recommendations may include a target price and can be based on either fundamental or technical analysis. There are also rankings for stocks, which are a synthesis of analyst recommendations.
Fundamental data
You can access a limited amount of fundamental data for free. You can see historical earnings per share (EPS) and company calendars.

Trading ideas
Swissquote provides trading ideas based on a common theme. This is called Themes Trading and you can either cherry-pick assets from the thematic portfolios or trade them as a structured product.

Charting
Swissquote has a good charting tool. It's easy to use, complex, but not overcomplicated. There are 18 technical indicators, which is not a lot compared to other brokers. You can save the chart on the charting tool, which is a handy feature.

News feed
It's worth signing up for Swissquote's newsletters as their quality is good, the content is useful, and you can choose the topics that interest you.
The news flow is in a mix of languages both on the website and in eTrader. Generally, there are separate news feeds on the eTrading platform and on Swissquote's sites – like the Daily Technical Report for FX traders. On the eTrading platform, news is displayed in multiple languages at the same time, so be sure to set your favored one in the top right corner. It can be confusing to see German, English, French and Italian news items at the same time if you don't speak all of these languages (thumbs up if you do!). Your filter sadly won't be saved, so you need to repeat it every time. There is no economic calendar, at least we didn't find one.
Other research tools you will enjoy
For professional traders, Swissquote provides an API, called FIX API. This API (application programming interface) allows you to be directly connected with Swissquote's liquidity providers, which can make your trades cheaper and faster.
Swissquote review
Customer service
Swissquote has fast phone, email and live chat support. On the other hand, the email replies were not always relevant.
Pros | Cons |
---|---|
• Phone support | • No 24/7 support |
• Live chat | • Email answers are not always relevant |
• Fast response time |
You can contact Swissquote customer service via:
- Live chat
- Phone
Response times were short on the phone (1-2 minutes), email (1 day), and live chat (few seconds). The relevancy of the answers was good most of the time, but on email we did not always get satisfactory information.
Customer service is available in multiple languages: Arabic, Chinese, Czech, English, French, German, Italian, Spanish and Russian. Most likely some other major languages are available as well. It can get a bit confusing whether you are speaking with the Swiss or the UK office, and they cannot provide information on the other entity.
It would be great to have 24/7 availability. Their offices are open from Monday to Friday 8:00-22:00 CET and there's a separate Customer Care Center dedicated to clients. It is open at the same times as the regular offices.

Swissquote review
Education
Swissquote provides easy-to-understand and professional educational videos, ebooks, webinars and tutorials.
Pros | Cons |
---|---|
• Demo account | None |
• Trading platform tutorial | |
• Educational videos |
There are a lot of good-quality educational tools available such as:
- Tutorial videos for the platforms, both Advanced Trader and MetaTrader 5.
- Forex learning center with educational videos, ebooks focusing on risk management, technical analysis and fundamental analysis.
- Webinars and seminars in multiple languages
There is also a demo account available for both trading platforms, as well as the robo-advisory service. Demo accounts are a great way to get to know a broker, we really appreciate such features. Also, it is quite uncommon to have an option to try out a robo-service.

Swissquote review
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.
Pros | Cons |
---|---|
• Majority of clients belong to a top-tier financial authority | None |
• Banking background | |
• Listed on stock exchange |
Is Swissquote regulated?
Yes, Swissquote is regulated by top-tier financial authorities:
- the Swiss Financial Market Supervisory Authority (FINMA)
- Luxembourg's Commission de Surveillance du Secteur Financier (CSSF).
- UK's Financial Conduct Authority (FCA)
- Dubai Financial Services Authority (DFSA)
- Hong Kong Securities and Futures Commission (SFC)
- Monetary Authority of Singapore (MAS)
- Malta Financial Services Authority (MFSA)
Is Swissquote safe?
To be certain if a broker is safe, we highly advise that you check two facts:
- how you are protected if something goes wrong
- what the background of the broker is
How you are protected
Since Swissquote operates multiple legal entities, investor protection depends on which one you are a client of.
Country of clients | Protection amount | Regulator | Legal entity |
---|---|---|---|
120 countries | CHF 100,000 | Swiss Financial Market Supervisory Authority (FINMA) | Swissquote Bank Ltd |
EU | €100,000 for cash, €20,000 for securities | Commission de Surveillance du Secteur Financier (CSSF) | Swissquote Bank Europe SA |
UK | £85,000 | Financial Conduct Authority | Swissquote Ltd |
Residents in the Middle East | CHF 100,000 for cash* | Dubai Financial Services Authority (DFSA) | Swissquote MEA Ltd |
China and the region | No protection | Hong Kong Securities and Futures Commission (SFC) | Swissquote Asia Ltd |
Singapore | No protection | Monetary Authority of Singapore (MAS) | Swissquote Pte Ltd |
*Middle Eastern residents' assets are held in Switzerland. This means that clients at Swissquote MEA Ltd are under FINMA's protection as well.
The Malta-regulated entity provides custody services for fund managers.

Swissquote provides negative balance protection for forex spot and CFD trading, but only for retail clients from the European Union. Professional and non-EU clients are not covered by any negative balance protection.
Background
Swissquote was established in 1996. The longer the track record a broker has, the more proof we have that it has successfully survived previous financial crises.
Swissquote has a banking license, and as such is subject to tougher regulations than brokers.
Swissquote is listed on the stock exchange, which is a big plus for safety as Swissquote releases financial statements regularly and transparently.
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 review
Bottom line
Swissquote is an investment bank with a rock-solid background. The key factors of its safety scoreboard are the following:
- it is Swiss,
- it is listed on a stock exchange
- and it is a bank.
It has two main entities, one based in Luxembourg and one in Switzerland.
Swissquote offers a broad range of products across many markets. Their product portfolio includes a great variety of stocks, mutual funds, and a variety of other products such as bonds and cryptos.
However, nothing is free: Swissquote's trading fees are relatively high.
All in all, Swissquote is a great stockbroker. As you can trade many products and there is no inactivity fee, feel free to give it a try.
Hesham
Swissquote review
FAQ
We recommend Swissquote for affluent investors who value safety and are OK with higher fees.
Below you can find links to all aspects of Swissquote in this comprehensive collection.
Lower fees, lower costs?
We detailed this in our Swissquote fees article.
What about the minimum deposit?
Our ultimate guide to the Swissquote minimum deposit is updated regularly.
How to start your Swissquote account?
Look no further than our evaluation of the Swissquote account opening.
How's their trading app?
Here's our expert view after checking the Swissquote trading app.
Is the quality of customer service satisfactory?
All you need to know about the Swissquote customer service.
Legit or scam?
Is Swissquote legit features all the key aspects you need to look at to see if a broker is safe and legit.
Free or premium? Or both?
A glance at actual costs and whether Swissquote is really free.
Is this broker good for beginners?
We checked it in Is Swissquote good for beginners.
Should you buy your silver bullets on Swissquote?
Research for silver bugs in the Silver buy on Swissquote guide
I want to trade options, are they available at Swissquote?
We explored the topic in Can you trade options on Swissquote?
What is the minimum account balance at Swissquote?
Check out the current account balance requirements at Swissquote in our What is the minimum account balance at Swissquote article.
Looking for commission and fees data for Swissquote?
We collected them in Swissquote commission and fees.
How do you withdraw money from Swissquote?
We tested it and collected the options and costs in How to withdraw money on Swissquote.