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
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | High | Volume-tiered commission ranging between $9 and $190 |
| EURUSD fee | Low | Swissquote Premium account: the fees are built into the spread, 1.6 pips is the average spread cost during peak trading hours. |
| US tech fund fee | Low | $9 per trade from Prime Partners (BlackRock, Fidelity, HSBC, etc.) and $0 per trade for funds under Swissquote's custody |
| Inactivity fee | Low | No inactivity fee charged |
Confused about fees? Use this tool to see what the commission fee of a specific stock trade would be at Swissquote. To check and compare fees at other brokers, go to our main Fee calculator page.
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Swissquote fees
Swissquote fees explained
We compare Swissquote fees with its closest competitors, Saxo Bank and Interactive Brokers.
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.
| 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 |
Forex fees
Swissquote's forex fees are low.
| Swissquote | Saxo Bank | Interactive Brokers | |
|---|---|---|---|
| EURUSD benchmark fee | $13.9 | $13.7 | $14.8 |
| EURGBP benchmark fee | $12.4 | $11.6 | $12.8 |
Fund fees
Swissquote fund fees are low.
| Swissquote | Saxo Bank | Interactive Brokers | |
|---|---|---|---|
| Mutual fund | $9.0 | $0.0 | $15.0 |
| EU mutual fund | $9.0 | - | $4.4 |
Bond fees
Swissquote has high bond fees.
| Swissquote | Saxo Bank | Interactive Brokers | |
|---|---|---|---|
| US Treasury bond | $75.0 | $85.6 | $5.0 |
| EU government bond | $53.5 | $85.6 | $10.0 |
Options fees
Swissquote's options fees are average.
| Swissquote | Saxo Bank | Interactive Brokers | |
|---|---|---|---|
| US stock index options | $19.9 | $30.0 | $6.5 |
| UK stock index options | - | $31.0 | $21.1 |
| German stock index options | $10.7 | $42.8 | $18.2 |
Futures fees
Swissquote's futures fees are average.
| 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 |
CFD fees
Swissquote has high CFD trading fees.
| Swissquote | Saxo Bank | Interactive Brokers | |
|---|---|---|---|
| Apple CFD | - | $10.1 | $1.1 |
| Vodafone CFD | - | $10.3 | $4.1 |
| Germany | - | $11.4 | $3.4 |
Financing rates
Swissquote financing rates are average.
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
| Swissquote | Saxo Bank | Interactive Brokers | |
|---|---|---|---|
| Apple CFD financing rate | - | 7.3% | 5.3% |
| Vodafone CFD financing rate | - | 5.7% | 4.5% |
| EURUSD financing rate | 2.8% | 3.2% | 2.7% |
| EURGBP financing rate | 2.1% | 2.4% | 2.1% |
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
Currency conversion fee
Swissquote will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: 0.9% charge for position value under €25,000 or equivalent in other currency .
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.
| Swissquote | Saxo Bank | Interactive Brokers | |
|---|---|---|---|
| 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 | Saxo Bank | Interactive Brokers | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | No |
| Electronic wallets | No | No | No |
| 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 | Saxo Bank | Interactive Brokers | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | No |
| Electronic wallets | No | No | No |
| 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).
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