Swissquote Review 2018

Swissquote, as the name suggests, is a Swiss broker, and offers 100,000 CHF of investor protection per account, as they abide by Swiss financial regulation. Swissquote holds a full Swiss banking license, and it is listed on the SIX Swiss Exchange. 

As a plus

Swissquote offers a solid foundation for investor protection, as it has a banking license, and it is listed on the stock exchange. The account opening is fully digital with no minimum funding requirement, and the product portfolio is extensive.

On the flip side

Swissquote has high trading fees. The quality of the live chat customer support needs improvement, they have trouble answering more complex questions. Furthermore, trading forex requires a separate account.

Recommended for beginners and investors.

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Swissquote review
Investor protection and regulation

Swissquote has a full Swiss banking license. It is listed on the SIX Swiss Exchange. As per FINMA regulation, it offers 100,000 CHF of investor protection per account. However, they do not offer a negative balance protection policy, despite their built in stop-out systems.

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Swissquote review
Account opening

Swissquote offers a fast, easy, and fully digital account opening process. There is no minimum account balance requirement.

Swissquote review
Funding and withdrawal

Swissquote offers bank and Credit/Debit card funding and withdrawal. The process is fast, and user friendly.

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Swissquote review
Product portfolio

Swissquote offers an extensive product range, better than most brokers. It has a good international coverage within each asset class. It recently added Cryptos, however, it lacks a selection of CFDs. Also good to know that clients from US can't trade with US stocks.

Swissquote review
Fee structure

Swissquote has high trading fees, and the financing rate is mid-range at best. Swissquote charges no fee if your account is inactive.

Swissquote review
Web trading platform

Swissquote combines user friendlyness with a minimalistic design for its web trading platform. It has a good variety of order types, and an intuitive search function. However, customizability of your personal workspace and charts are limited, and also lacking a clear fee report.

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Swissquote review
Mobile trading platform

The Swissquote mobile trading platform is very user friendly and it is easy to navigate. It also offers a safe login with Touch id and a great search function. However, it is missing price push alerts and push order confirmation, which is something most competitors have.

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Swissquote review
Desktop trading platform

Swissquote does not offer a dedicated desktop trading platform.

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Swissquote review
Research

Swissquote does a good job with stock recommendations. We also liked the Themes Trading, that offers portfolios for current investment trends like green energy. However, fundamental data is not available. It is also impossible to set a default language for the news flow, which is a mix of French, German, and English articles.

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Swissquote review
Customer service

Swissquote has phone, e-mail, and live chat support. However, the live chat can not answer complex questions. For example, how pricing is structured for forex transactions.

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