Swissquote commission and other fees

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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.

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Swissquote

4.4/5

Minimum deposit

Stock fee

High

FX fee

Average

Inactivity fee

Account opening

1 day

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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.

Classification of Swissquote commission and other trading fees
	Swissquote Swissquote	Saxo Saxo	Interactive Brokers Interactive Brokers
Stock and ETF	High	Low	Low
Forex	Average	Low	Average
Fund	Low	Low	Average
Bond	High	Low	Low
Options	Average	High	Low
Futures	Average	High	Low
CFD	Average	Average	Average
Financing rate	High	Low	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 stock and ETF commission
	Swissquote Swissquote
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	Volume-tiered commission ranging between $9 and $190
UK stock fee Estimated commission of a $2,000 trade, assuming a $50 stock price	Tiered commission depending on the trade value, min £25, max £190
German stock Estimated commission of a $2,000 trade	Tiered 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 stock and ETF commission, spreads vs competitors
	Swissquote Swissquote	Saxo Saxo	Interactive Brokers Interactive Brokers
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$20.0 Volume-tiered commission ranging between $9 and $190	$1.6 0.08% of trade value with $1 minimum, but using VIP pricing the commission can be as low as 0.03% of trade value with $1 minimum	$1.0 Fixed pricing: $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan.
UK stock fee Estimated commission of a $2,000 trade, assuming a $50 stock price	$31.3 Tiered commission depending on the trade value, min £25, max £190	$3.8 0.08% of trade value with £3 min., but using VIP pricing the commission can be as low as 0.03% of trade value with £3 min.	$3.8 Fixed £3 for trade value less than £6,000, 0.05% of trade value for more than £6,000
German stock Estimated commission of a $2,000 trade	$27.0 Tiered commission depending on the trade value, min €25, max €190	$3.2 0.08% of trade value with €3 min., but using VIP pricing the commission can be as low as 0.03% of trade value with €3 min.	$3.2 Fixed €3 for trade value less than €6,000, 0.05% of trade value for more than €6,000
Indian stock	- Not available	- Not available	$0.20 0.01% of the trade value and min INR 6, max INR 20

Stock and ETF commissions are calculated for a $2,000 trade

Swissquote forex commissions and spreads

Swissquote forex fees are average. Swissquote forex commissions and spreads for individual currency pairs are charged as per the table below.

Swissquote forex commissions and spreads
	Swissquote 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 forex fees vs competitors
	Swissquote Swissquote	Saxo Saxo	Interactive Brokers Interactive Brokers
EURUSD benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$25.6	$10.9	$13.3
GBPUSD benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$12.0	$6.6	$8.8
AUDUSD benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$12.4	$12.1	$27.3
EURCHF benchmark fee	$0.0	$0.0	$0.3
EURGBP benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$26.3	$10.5	$13.3

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 fund commissions
	Swissquote Swissquote
Mutual fund Estimated commission of a $2,000 US domiciled fund trade	$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 fund commissions
	Swissquote Swissquote	Saxo Saxo	Interactive Brokers Interactive Brokers
Mutual fund Estimated commission of a $2,000 US domiciled fund trade	$9.0 $9 per trade from Prime Partners (BlackRock, Fidelity, HSBC, etc.) and $0 per trade for funds under Swissquote's custody	$0.0 Mutual funds are available only in certain countries. The broker doesn't charge any fee for mutual fund trading.	$15.0 $14.95 per transaction or 3% of trade value, whichever is lower. There are also more than 18,000 funds with no transaction fee

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 bond commissions
	Swissquote Swissquote
US Treasury bond Estimated commission of a $10,000 US treasury bond trade	0.3% of trade value with $75 min
EU/UK government bond Estimated commission of a $10k EU or UK government bond trade	0.3% of trade value with €50 min

See how Swissquote bond fees stack up against the competition.

Swissquote bond commissions vs competitors
	Swissquote Swissquote	Saxo Saxo	Interactive Brokers Interactive Brokers
US Treasury bond Estimated commission of a $10,000 US treasury bond trade	$75.0 0.3% of trade value with $75 min	$21.6 0.2% of trade value with €20 min, but with VIP pricing it can be as low as 0.05% of trade value and min €20	$5.0 For the first $1,000,000 face value: 0.002% of trade value with $5 min.
EU/UK government bond Estimated commission of a $10k EU or UK government bond trade	$54.0 0.3% of trade value with €50 min	$21.6 0.2% of trade value with €20 min, but with VIP pricing it can be as low as 0.05% of trade value and min €20	$10.0 Below €50,000 face value: 0.1% of trade value with €2 min

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 options commissions
	Swissquote Swissquote
US stock index options Estimated commission for 10 contracts	$1.99 per contract commission with $5 min
US stock options Estimated commission for opening 10 contracts	$1.49 per contract and no minimum
UK stock index options Estimated commission for 10 contracts	Telephone only
German stock index options Estimated commission for 10 contracts	€1 per contract commission with €5 min

Compare options commissions charged by Swissquote with those of Saxo and Interactive Brokers.

Swissquote options commissions vs competitors
	Swissquote Swissquote	Saxo Saxo	Interactive Brokers Interactive Brokers
US stock index options Estimated commission for 10 contracts	$19.9 $1.99 per contract commission with $5 min	$20.0 $2 per contract, but using VIP pricing it can be $0.75 per contract	$6.5 Less than 10,000 contract per month and for a 10 contracts trade: $0.65 per contract with $1 min
US stock options Estimated commission for opening 10 contracts	$14.9 $1.49 per contract and no minimum	$20.0 $2 per contract, but using VIP pricing it can be $0.75 per contract	$6.5 Less than 10,000 contracts per month and for a 10 contract trade: $0.65 per contract with a $1 minimum fee
UK stock index options Estimated commission for 10 contracts	- Telephone only	$37.5 £3 per contract, but using VIP pricing it can be £1 per contract	$21.3 £1.7 per contract with £1.7 min
German stock index options Estimated commission for 10 contracts	$10.8 €1 per contract commission with €5 min	$8.1 €0.75 per contract FOR all accounts	$18.4 €1.7 per contract with €1.7 min

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 futures commissions
	Swissquote Swissquote
US micro e-mini stock index futures Estimated commission for 10 contracts	$1.99 per contract commission with $5 min (E-Mini only)
UK stock index futures Estimated commission for 10 contracts	Telephone only
German e-mini stock index futures Estimated commission for 10 contracts	€1 per contract commission with €5min

Compare how the futures commissions of Swissquote stack up against those of Saxo and Interactive Brokers.

Swissquote futures commissions vs competitors
	Swissquote Swissquote	Saxo Saxo	Interactive Brokers Interactive Brokers
US micro e-mini stock index futures Estimated commission for 10 contracts	$19.9 $1.99 per contract commission with $5 min (E-Mini only)	$30.0 $3 per contract, but using VIP pricing it can be as low as $1 per contract	$2.5 $0.25 per contract
UK stock index futures Estimated commission for 10 contracts	- Telephone only	$37.5 £3 per contract, but using VIP pricing it can be as low as £1 per contract	$21.3 £1.7 per contract with £1.7 min
German e-mini stock index futures Estimated commission for 10 contracts	$10.8 €1 per contract commission with €5min	$43.2 €3 per contract, but using VIP pricing it can be as low as €1 per contract	$8.6 €0.80 per contract with €0.80 min

Futures commissions are calculated for 10 contracts

Swissquote CFD commissions and spreads

Swissquote CFD fees are average. Swissquote CFD commissions and spreads for different assets are charged as per the table below.

Swissquote CFD commissions and spreads
	Swissquote 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 Commission for a $2,000 stock CFD trade	Not available
Vodafone CFD Commission for a $2,000 stock CFD trade	Not available

Below you can see how Swissquote CFD fees compare with those of Saxo and Interactive Brokers.

Swissquote CFD fees vs competitors
	Swissquote Swissquote	Saxo Saxo	Interactive Brokers Interactive Brokers
S&P 500 index CFD fee Includes all fees (spread, commission, financing rate) of a $2,000 20:1 position open, 1-week-hold, and close	$3.7	$3.6	$4.8
Euro Stoxx 50 index CFD fee Includes all fees (spread, commission, financing rate) of a $2,000, 20:1 position: open, hold for 1 week, and close	$3.8	$3.7	$4.4
Apple CFD Commission for a $2,000 stock CFD trade	- Not available	$4.1 $0.02/share; min $4, but using VIP pricing the minimum can be as low as $1	$1.1 Below $300,000 monthly volume: $0.005 per share with $1 min
Vodafone CFD Commission for a $2,000 stock CFD trade	- Not available	$10.6 0.1% of trade value; min £8, but using VIP pricing it can be as low as 0.05% of trade value with £5 minimum	$4.3 Below £8,900 monthly value: 0.05% of trade value with £3 min

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 high. 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 and Interactive Brokers.

Swissquote financing rates vs competitors
	Swissquote Swissquote	Saxo Saxo	Interactive Brokers Interactive Brokers
EURUSD financing rate Yearly financing rate	5.9% Calculated as swap points	2.4% Calculated as swap points	2.3% Calculated as yearly percentages
GBPUSD financing rate	2.3% Calculated as swap points	1.3% Calculated as swap points	1.1% Calculated as yearly percentages
S&P 500 CFD financing rate	7.9% Calculated as swap points	8.9% SOFR and mark-up	6.8% Calculated as yearly percentages
Euro Stoxx 50 CFD financing rate	6.4% Calculated as swap points	7.4% €STR and mark-up	5.5% Calculated as yearly percentages
Apple CFD financing rate Yearly financing rate	- Apple CFD is not available	8.9% SOFR and mark-up	6.8% Calculated as yearly percentages
Vodafone CFD financing rate Yearly financing rate	- Vodafone CFD is not available	8.7% SONIA and mark-up	6.7% Calculated as yearly percentages

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 non-trading fees vs competitors
	Swissquote Swissquote	Saxo Saxo	Interactive Brokers Interactive Brokers
Deposit fee	$0 Free bank deposit, but for credit/debit cards, between 2.2% and 2.5% charged	$0 Free deposit	$0 Free deposit
Withdrawal fee Fee for withdrawing money from the broker account. It is zero if you can withdraw money for free via any method, e.g. credit/debit card or bank transfer.	$10 CHF 2/€2/$10 dependent on currency	$0 Free withdrawal	$0 One free per month, after that $10
Account fee Monthly account fee	No No account fee	No No account fee	No No account fee
Inactivity fee Fee applied if a customer does not trade for a certain length of time	No The activity fees will be applicable after 3 years of inactivity. The fees are 0310% on assests (securities, digital assets and precious metals), with a minimum of 50 euros per quarter.	No No inactivity fee	No No inactivity fee

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

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.

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