Overview of Swissquote fees and charges

Swissquote's fees are considered to be high. This is usually a result of high fees across multiple fee types. It's important to be aware of this and to decide whether other advantages of Swissquote can still make it a good choice for you. These deciding features can be its research options, its education section or the general user experience you get on its trading platforms.

Here's a high level overview of Swissquote's fees

Swissquote Fees snapshot
Assets Fee level Fee terms
US stock fee High Flat commission depending on the trade value: ranges between $15 and $190
EURUSD fee Low The fees are built into spread, 1.3 pips is the average spread cost.
US tech fund fee Low $9 per trade
Inactivity fee Low No inactivity fee charged

Swissquote fees
Swissquote fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that online brokerages' businesses can be much better scaled: From a purely technical standpoint it doesn't make that much of a difference for them if they have 100 or 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually do a trade, i.e. buying an Apple stock or an ETF. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
    • A commission is either based on the traded volume or it is fixed.
    • A spread is the difference between the buy price and the sell price
    • Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These occur related to some operations you make in your account, i.e. depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

We compare Swissquote fees with its closest competitors, Saxo Bank and DEGIRO.

Swissquote fees
Swissquote trading fees

We see Swissquote's trading fees to be high because they charge more than most of its competitors.

Let's break down the trading fees into the different asset classes available at Swissquote.

Trading fees

Swissquote's trading fees are high.

Stock fees and ETF fees

Swissquote has high stock trading fees.

Stock fees of a $2,000 trade
Swissquote Saxo Bank DEGIRO
US stock $25.0 $10.0 $0.6
UK stock $30.0 $9.6 $2.4
German stock $27.5 $11.0 $5.4

Forex fees

Swissquote's forex fees are low.

Forex fees of a $20,000 30:1 position open, 1-week-hold, and close
Swissquote Saxo Bank DEGIRO
EURUSD benchmark fee $15.8 $15.7 -
EURGBP benchmark fee $10.6 $10.4 -

Fund fees

Swissquote fund fees are low.

A $2,000 fund buy fees
Swissquote Saxo Bank DEGIRO
Mutual fund $9.0 $0.0 $10.3
EU mutual fund $9.0 - $10.3

Bond fees

Swissquote has high bond fees.

Bond fees of a $10,000 trade
Swissquote Saxo Bank DEGIRO
US Treasury bond $75.0 $88.0 -
EU government bond $55.0 $88.0 $10.5

Options fees

Swissquote's options fees are high.

Stock index options fees of 10 contracts
Swissquote Saxo Bank DEGIRO
US stock index options $19.9 $40.0 $5.0
UK stock index options - $36.0 -
German stock index options $11.0 $44.0 $9.9

Futures fees

Swissquote's futures fees are average.

Stock index futures fee of 10 contracts
Swissquote Saxo Bank DEGIRO
US stock index futures $19.9 $40.0 $5.0
UK stock index futures - $36.0 $0.0
German stock index futures $11.0 $44.0 $8.3

CFD fees

Swissquote has low CFD trading fees.

CFD fees, commission of a $2,000 trade
Swissquote Saxo Bank DEGIRO
Apple CFD - $10.1 -
Vodafone CFD - $9.9 -
Germany - $11.4 $5.7

Crypto fees

Financing rates

Swissquote financing rates are low.

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

Swissquote yearly financing rates
Swissquote Saxo Bank DEGIRO
Apple CFD financing rate - 6.7% -
Vodafone CFD financing rate - 5.2% -
EURUSD financing rate 3.6% 3.9% -
EURGBP financing rate 2.0% 2.0% -

Swissquote fees
Swissquote non-trading fees

When it comes to looking at all the non-trading fees Swissquote is an average broker. This means that some of the non-trading fees are high, but the others are low or not charged at all.

Non-trading fees include various brokerage fees and charges at Swissquote that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how Swissquote stacks up in non-trading fees
Swissquote Saxo Bank DEGIRO
Withdrawal fee $10 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No Yes No
Account fee No No No

Swissquote fees
Swissquote deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Swissquote is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Swissquote offers.

Swissquote deposit methods
Swissquote Saxo Bank DEGIRO
Bank transfer Yes Yes Yes
Credit/Debit card Yes Yes No
Electronic wallets No No Yes
Deposit fee $0 $0 $0

Swissquote fees
Swissquote withdrawal fee

Unfortunately, quite like the majority of the online brokers we have reviewed Swissquote does charge a withdrawal fee of $10 for the bank transfer. This means that you need to pay this amount of money when you transfer your money back to your bank account. It's up to you to decide whether this is a high amount or not as it's dependent mostly on the size of the transferred amount.

Swissquote withdrawal fees and options compared
Swissquote Saxo Bank DEGIRO
Bank transfer Yes Yes Yes
Credit/Debit card Yes Yes No
Electronic wallets No No Yes
Withdrawal fee with bank transfer $10 $0 $0

Swissquote fees
Swissquote inactivity fee

Swissquote does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).

Gergely Korpos

Gergely Korpos

Co-founder, CPO

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.

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