Overview of Swissquote fees and charges
We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.
- Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
- Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
- Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
- Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.
Now, let's dive into the details and see what commissions, spreads, and financing rates Swissquote charges.
Swissquote commission and other fees
Swissquote commission and other trading fees
The bad news is that Swissquote has high trading fees in general. If you're looking for a discount broker, feel free to check out the best discount brokers. We ranked Swissquote fee levels as low, average or high based on how they compare with all reviewed brokers.
Check out this table to get an overview of whether Swissquote commissions, spreads, and financing rates for each asset class are low/average/high.
| Swissquote | Saxo Bank | Interactive Brokers | |
|---|---|---|---|
| Stock and ETF | High | Average | Low |
| Forex | Low | Low | Low |
| Fund | Low | Low | Average |
| Bond | High | High | Low |
| Options | Average | High | Low |
| Futures | Average | High | Low |
| CFD | High | Average | Low |
| Financing rate | Average | Average | Low |
Now let's go over the trading fees for each asset class one by one.
Swissquote stock and ETF commissions, spreads
Swissquote stock and ETF commissions are high. Swissquote stock and ETF commissions are charged as per the table below.
| Swissquote | |
|---|---|
| US stock | Volume-tiered commission ranging between $9 and $190 |
| UK stock | Flat commission depending on the trade value, min £25, max £190 |
| German stock | Flat commission depending on the trade value, min €25, max €190 |
| Indian stock | Not available |
You can compare Swissquote stock and ETF fees with the two closest competitors.
| Swissquote | Saxo Bank | Interactive Brokers | |
|---|---|---|---|
| US stock | $25.0 | $10.0 | $1.0 |
| UK stock | $31.0 | $9.9 | $3.7 |
| German stock | $26.8 | $10.7 | $3.2 |
| Indian stock | - | - | $0.20 |
Stock and ETF commissions are calculated for a $2,000 trade
Swissquote forex commissions and spreads
Swissquote forex fees are low. Swissquote forex commissions and spreads for individual currency pairs are charged as per the table below.
| Swissquote | |
|---|---|
| EURUSD fee description | Swissquote Premium account: the fees are built into the spread, 1.6 pips is the average spread cost during peak trading hours. |
| GBPUSD fee description | Swissquote Premium account: the fees are built into the spread, 1.9 pips is the average spread cost during peak trading hours. |
Check out how Swissquote forex fees compare to its two closest competitors.
| Swissquote | Saxo Bank | Interactive Brokers | |
|---|---|---|---|
| EURUSD benchmark fee | $13.9 | $13.7 | $14.8 |
| GBPUSD benchmark fee | $8.7 | $8.7 | $10.8 |
| AUDUSD benchmark fee | $11.7 | $10.4 | $9.0 |
| EURCHF benchmark fee | $1.2 | $1.0 | $4.9 |
| EURGBP benchmark fee | $12.4 | $11.6 | $12.8 |
Forex fees are calculated for a $20,000 trade using 30:1 leverage
Swissquote fund commissions
Swissquote fund commissions are low. The table below shows how Swissquote fund commissions are calculated.
| Swissquote | |
|---|---|
| Mutual fund | $9 per trade from Prime Partners (BlackRock, Fidelity, HSBC, etc.) and $0 per trade for funds under Swissquote's custody |
Check out how Swissquote fund fees compare with the competition.
| Swissquote | Saxo Bank | Interactive Brokers | |
|---|---|---|---|
| Mutual fund | $9.0 | $0.0 | $15.0 |
Fund commissions are calculated for a $2,000 trade
Swissquote bond commissions
Swissquote bond commissions are high. The table below contains the description of Swissquote bond commissions.
| Swissquote | |
|---|---|
| US Treasury bond | 0.3% of trade value with $75 min |
| EU government bond | 0.3% of trade value with €50 min |
See how Swissquote bond fees stack up against the competition.
| Swissquote | Saxo Bank | Interactive Brokers | |
|---|---|---|---|
| US Treasury bond | $75.0 | $85.6 | $5.0 |
| EU government bond | $53.5 | $85.6 | $10.0 |
Bond commissions are calculated for a $10,000 trade
Swissquote options commissions
You can see below the description of Swissquote options commissions. Swissquote options fees are average.
| Swissquote | |
|---|---|
| US stock index options | $1.99 per contract commission with $5 min |
| US stock options | $1.49 per contract and no minimum |
| UK stock index options | Telephone only |
| German stock index options | €1 per contract commission with €5min |
Compare options commissions charged by Swissquote with those of Saxo Bank and Interactive Brokers.
| Swissquote | Saxo Bank | Interactive Brokers | |
|---|---|---|---|
| US stock index options | $19.9 | $30.0 | $6.5 |
| US stock options | $14.9 | $30.0 | $6.5 |
| UK stock index options | - | $31.0 | $21.1 |
| German stock index options | $10.7 | $42.8 | $18.2 |
Options commissions are calculated for 10 contracts
Swissquote futures commissions
You can see below how Swissquote futures commissions are charged. Swissquote futures fees are average.
| Swissquote | |
|---|---|
| US micro e-mini stock index futures | $1.99 per contract commission with $5 min (E-Mini only) |
| UK stock index futures | Telephone only |
| German e-mini stock index futures | €1 per contract commission with €5min |
Compare how the futures commissions of Swissquote stack up against those of Saxo Bank and Interactive Brokers.
| Swissquote | Saxo Bank | Interactive Brokers | |
|---|---|---|---|
| US micro e-mini stock index futures | $19.9 | $40.0 | $2.5 |
| UK stock index futures | - | $37.2 | $21.1 |
| German e-mini stock index futures | $10.7 | $42.8 | $8.6 |
Futures commissions are calculated for 10 contracts
Swissquote CFD commissions and spreads
Swissquote CFD fees are high. Swissquote CFD commissions and spreads for different assets are charged as per the table below.
| Swissquote | |
|---|---|
| S&P 500 CFD fee | The fees are built into the spread, 1.47 points is the average spread cost during peak trading hours. |
| Europe 50 CFD fee | The fees are built into the spread, 3.06 points is the average spread cost during peak trading hours. |
| Apple CFD | Not available |
| Vodafone CFD | Not available |
Below you can see how Swissquote CFD fees compare with those of Saxo Bank and Interactive Brokers.
| Swissquote | Saxo Bank | Interactive Brokers | |
|---|---|---|---|
| S&P 500 index CFD fee | $10.2 | $3.1 | $3.3 |
| Euro Stoxx 50 index CFD fee | $6.1 | $3.0 | $4.3 |
| Apple CFD | - | $10.1 | $1.1 |
| Vodafone CFD | - | $10.3 | $4.1 |
CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs
Swissquote financing rates
Swissquote financing rates are average. They make up a significant part of your trading costs if you hold your position for a long time.
Check out how Swissquote financing rates compare with those of Saxo Bank and Interactive Brokers.
| Swissquote | Saxo Bank | Interactive Brokers | |
|---|---|---|---|
| EURUSD financing rate | 2.8% | 3.2% | 2.7% |
| GBPUSD financing rate | 1.5% | 1.8% | 1.6% |
| S&P 500 CFD financing rate | 24.5% | 7.3% | 2.8% |
| Euro Stoxx 50 CFD financing rate | 11.6% | 4.9% | 5.3% |
| Apple CFD financing rate | - | 7.3% | 5.3% |
| Vodafone CFD financing rate | - | 5.7% | 4.5% |
Swissquote commission and other fees
Swissquote non-trading fees
In addition to trading fees, it's important to see if Swissquote charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by Swissquote with its two closest competitors.
| Swissquote | Saxo Bank | Interactive Brokers | |
|---|---|---|---|
| Deposit fee | $0 | $0 | $0 |
| Withdrawal fee | $10 | $0 | $0 |
| Account fee | No | No | No |
| Inactivity fee | No | Yes | No |
CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs
Swissquote commission and other fees
Bottom line
Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by Swissquote and its closest competitors. To learn more about Swissquote, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.
If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.
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