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.

Classification of Swissquote commission and other trading fees
Swissquote Saxo Bank TradeStation Global
Stock and ETF High Average Low
Forex Low Low Average
Fund Low Low High
Bond High High Low
Options Average High Average
Futures Low High Low
CFD Average Average Average
Financing rate Low 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
US stock Volume-tiered commission ranging between $15 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 stock and ETF commission, spreads vs competitors
Swissquote Saxo Bank TradeStation Global
US stock $25.0 $10.0 $1.5
UK stock $35.0 $11.2 $2.4
German stock $30.0 $12.0 $2.4
Indian stock - - $3.60

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 forex commissions and spreads
Swissquote
EURUSD fee The fees are built into the spread, 1.6 pips is the average spread cost during peak trading hours.
GBPUSD fee The fees are built into the spread, 2.1 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 Saxo Bank TradeStation Global
EURUSD benchmark fee $10.1 $7.8 $10.7
GBPUSD benchmark fee $6.8 $5.7 $8.6
AUDUSD benchmark fee $7.7 $6.2 $8.6
EURCHF benchmark fee $6.3 $5.4 $7.8
EURGBP benchmark fee $10.0 $8.9 $10.7

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
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 fund commissions
Swissquote Saxo Bank TradeStation Global
Mutual fund $9.0 $0.0 $25.0

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 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 bond commissions vs competitors
Swissquote Saxo Bank TradeStation Global
US Treasury bond $75.0 $96.0 $7.5
EU government bond $60.0 $96.0 $15.0

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 options commissions
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 TradeStation Global.

Swissquote options commissions vs competitors
Swissquote Saxo Bank TradeStation Global
US stock index options $19.9 $30.0 $15.0
US stock options $14.9 $30.0 $15.0
UK stock index options - $42.0 $21.0
German stock index options $12.0 $48.0 $18.0

Options commissions are calculated for 10 contracts

Swissquote futures commissions

You can see below how Swissquote futures commissions are charged. Swissquote futures fees are low.

Swissquote futures commissions
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 TradeStation Global.

Swissquote futures commissions vs competitors
Swissquote Saxo Bank TradeStation Global
US micro e-mini stock index futures $19.9 $40.0 $5.0
UK stock index futures - $42.0 $13.3
German e-mini stock index futures $12.0 $48.0 $16.2

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
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 TradeStation Global.

Swissquote CFD fees vs competitors
Swissquote Saxo Bank TradeStation Global
S&P 500 index CFD fee $2.6 $1.4 $3.8
Europe 50 index CFD fee $3.0 $2.0 $4.3
Apple CFD - $10.2 $1.7
Vodafone CFD - $11.5 $6.6

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 low. 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 TradeStation Global.

Swissquote financing rates vs competitors
Swissquote Saxo Bank TradeStation Global
EURUSD financing rate 1.9% 1.7% 1.7%
GBPUSD financing rate 1.0% 1.0% 1.1%
S&P 500 CFD financing rate 4.5% 3.0% 1.6%
Europe 50 CFD financing rate 3.2% 2.3% 1.5%
Apple CFD financing rate - 3.6% 1.6%
Vodafone CFD financing rate - 3.5% 1.5%

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 non-trading fees vs competitors
Swissquote Saxo Bank TradeStation Global
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.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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

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