Swissquote Logo
Written by: Ádám N. Updated: Dec 2022
Expert verified
Recommended for
  • beginners
  • forex trading
Trusted broker
Regulated by top-tier financial authorities
Popularity
0 people chose this broker in the last 6 months
BrokerChooser Score
4.5/5

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
To read much more details about the broker's services and features, expand on the sections below.

Swissquote review
Fees

1.8
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.
Read more...

Swissquote review
Account opening

4.0
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.
Read more...

Swissquote review
Deposit and withdrawal

4.6
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.
Read more...

Swissquote review
Web trading platform

4.3
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.
Read more...

Swissquote review
Mobile trading platform

4.7
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.
Read more...

Swissquote review
Desktop trading platform

3.4
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.
Read more...

Swissquote review
Markets and products

5.0
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.
Read more...

Swissquote review
Research

3.3
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.
Read more...

Swissquote review
Customer service

5.0
Swissquote has fast phone, email and live chat support. On the other hand, the email replies were not always relevant.
Read more...

Swissquote review
Education

5.0
Swissquote provides easy-to-understand and professional educational videos, ebooks, webinars and tutorials.
Read more...

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.
Read more...

Swissquote review
Bottom line

Read more...

Swissquote review
FAQ

Read more...

Author of this review

Ádám Nasli

Author of this review

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Ádám Nasli

Analyst Head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Share

Comments

×