Swissquote fees explained

Personally tested

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Independent

Overview of Swissquote fees and charges

When trading or investing at an online broker, fees can have a big impact on your results, so it's good to know what kind of charges you'll be facing and how these compare to fees at other brokers.

If fees are your top concern, Swissquote is a poor choice, as it has high fees in general. Check our toplist for cheaper brokers.

I found Swissquote's trading fees fairly high

Adam Nasli

Regulation • Fighting Scams • Market Analysis

I've personally tested dozens of global brokers, carefully looking at their fees not just on their website but also in the course of live trading. Here's how Swissquote fared:

Swissquote charges high fees for trading stocks and ETFs.
There is no inactivity fee even if you leave your account idle for a long time.
The basic withdrawal fee is $10, but some transactions may cost more.
Read our full review of Swissquote for info on safety, trading platforms and funding.

Swissquote fees at a glance
Assets	Fee level	Fee terms
US stock fee	High	Volume-tiered commission ranging between $9 and $190
EURUSD fee	High	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	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.

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We recommend Swissquote if you want high-quality service and are willing to pay a higher price for it. If you prefer lower costs, there are discount brokers out there that are likely better options for you.
Swissquote's fee structure is transparent. As a default, the pricing structure is volume-based, which means the higher the volume, the lower the fees you pay. You can, however, change the pricing structure to a fixed-rate plan, where you can pre-purchase a set amount of trades for a flat price. In this review, we calculated using the volume-based fee structure.

High stock and ETF commission

Swissquote stock and ETF fees by market
	Swissquote Swissquote	Saxo Saxo	Interactive Brokers Interactive Brokers
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
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.
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

The stock trading fee calculation is volume-based and transparent. Let's have a quick overview of trading fee terms for the available stock exchanges at Swissquote Bank (CH):

Swissquote Bank (CH) stock and ETF fees on major markets
Transaction value ($)	Switzerland (CHF/USD/EUR)	US (USD)	UK, Germany, Scandinavia, Spain, Canada (EUR/GBP/CAD)	Australia (AUD)	Hong Kong (HKD)	Singapore (SGD)
0 - 500	9	15	25	35	250	35
500 - 2,000	20	25	25	35	250	35
2,000 - 10,000	30	30	30	50	350	45
10,000 - 15,000	55	55	55	80	500	75
15,000 - 25,000	80	80	80	120	750	110
25,000 - 50,000	135	135	135	200	1100	190
more than 50,000	190	190	190	290	1600	270

Swissquote Bank (CH) stock and ETF fees on minor markets
Market	Commission	Minimum traded amount
Asia and Pacific
Indonesia Philippines Thailand	1.00%	CHF 500
Japan	0.50%	CHF 75
Malaysia Turkey	1.00%	CHF 300
Sri Lanka	1.00%	CHF 400
United Arab Emirates	0.75%	CHF 150
Europe
Bulgaria	1.50%	CHF 350
Cyprus Czech Republic Lithuania Hungary	1.00%	CHF 200
Estonia	1.00%	CHF 250
Ireland	0.85%	CHF 250
Luxembourg	0.35%	€150
Other markets
Mexico Russia	1.00%	CHF 200
South Africa	0.55%	€80
USA OTC	0.50%	$50

The stock/ETF commission for Swissquote Bank Europe (LUX) is 0.1% with a minimum of €14.95 (€24.95 for Japan).

New

Stock Fee Calculator

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.

Before doing so, check out our Privacy Policy and our General Terms and Conditions.

Average FX fees

Swissquote forex fees
	Swissquote Swissquote	Saxo Saxo	Interactive Brokers Interactive Brokers
EURUSD spread Usual spread in pips	1.6	0.9	0.2
GBPUSD spread	1.9	1.0	0.4
AUDUSD spread	1.6	0.9	0.3
EURCHF spread	2.2	1.5	0.5
EURGBP spread Usual spread in pips	1.9	1.0	0.3

Average options commission

We calculated the fees for stock index options.

Swissquote stock index options commission
	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
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

Swissquote's options fees are transaction-based, i.e. based on the number of contracts you trade.

Swissquote options fees
	Trading fee per contract	Minimum
EUREX - stock index options	€/CHF 1.00	€/CHF 5.00
EUREX - stock options	€/CHF 1.50	None
CME E-mini NASDAQ and E-mini S&P500	$1.99	$5.00
US stock options	$1.49	None
Eurnext, LIFFE* stock index options	€/£ 2.00	None
Eurnext, LIFFE* stock options	€/£ 1.50	None

*You can trade options only via phone.

High custody fee, low withdrawal fee

Swissquote custody, withdrawal and other fees
Broker	Custody fee	Withdrawal fee
Swissquote		$10
Saxo		$0
Interactive Brokers		$0

Other commissions and fees

You can find Swissquote's fees for other asset classes below. Click 'Show more' for details.

Low mutual fund commission

Mutual fund fees differ depending on the fund provider.
We calculated the fees for the most popular mutual fund providers, such as BlackRock and Fidelity.

Fees for a $2,000 fund purchase
	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
EU mutual fund Subscription fee of a $2,000 face value European stock fund	$9.0 $9 per trade	- Not available	$4.4 0.1% of trade value with €4 min and €29 max

Swissquote Bank (CH) charges $9 per trade for 'Premium' funds, i.e. funds issued by prominent fund providers like BlackRock.
For other mutual funds, fees vary. For example, you can trade some Swiss funds for free.
Swissquote Bank Europe (LUX) charges 0.5% for mutual fund subscription/redemption.

Average futures fees

We calculated the fees for stock index futures.

Stock index futures fee for 10 contracts
	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
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

Swissquote's futures fees are volume-based, i.e. based on the number of contracts you trade.

Swissquote futures fees
	Trading fee per contract	Minimum
EUREX - stock index futures	€/CHF 1.00	€/CHF 5.00
CME E-mini NASDAQ and E-mini S&P500	$1.99	$5.00
E-micro EUR/USD	$2.50	$5.00
Other futures currencies	$5.00	$5.00
E-mini crude oil and WTI Gold and silver US T-bonds & Notes E-mini Dow	$1.99	$5.00
Eurnext, LIFFE* stock index futures	€/£ 2.00	None

*You can trade futures only via phone.

Average CFD fees:

Spread and commission for a $2,000 CFD trade
	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

High spot crypto fees

High bond commission

Fees for a $10,000 bond trade
	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

Swissquote charges aminimum fee as well as a percentage fee, which is quite high.

Swissquote bond fees on all major and OTC markets
	Trading fee	Minimum trading fee
All major and OTC bond markets	0.3%	€/£/CHF 50 or $/CAD/AUD 70 or Others: CHF 90 or equivalent value

Swissquote bond fees on the Swiss market
Transaction value ($)	Transaction fees (CHF/USD/EUR/AUD/CAD/GBP)
0 - 500	9
500 - 2,000	20
2,000 - 10,000	30
10,000 - 15,000	55
15,000 - 25,000	80
25,000 - 50,000	135
more than 50,000	190

Average margin rates

The margin rates vary based on the base currency of your margin account.

Swissquote annual margin rates
	Swissquote Swissquote	Saxo Saxo	Interactive Brokers Interactive Brokers
USD margin rate	9.6% Debit interest rate	- Margin stock trading is not available to most clients. Clients from Hong Kong can use margin lending.	6.3% Tiered margin rate. Lowest tier has a rate of 6.33% at IBKR PRO (7.33% at IBKR Lite)
GBP margin rate	9.5% Debit interest rate	- Margin stock trading is not available to most clients. Clients from Hong Kong can use margin lending.	6.7% Tiered margin rate. Lowest tier has a rate of 6.749% at IBKR PRO (7.749% at IBKR Lite)
EUR margin rate	8.2% Debit interest rate	- Margin stock trading is not available to most clients. Clients from Hong Kong can use margin lending.	5.5% Tiered margin rate. Lowest tier has a rate of 5.483% at IBKR PRO (6.483% at IBKR Lite)

Interest earned on uninvested cash

As of the time of the review, Swissquote provides the following interest rates on uninvested cash:

0.4% for USD
0.3% for GBP
0.3% for EUR

Robo-advisor

Swissquote provides a robo-advisory service. Fees vary depending on the amount of money you invest.
Swissquote's robo-advisory fees are high.

Swissquote robo-advisory fees
Money invested (CHF)	Total annual fee of the portfolio
10,000 - 200,000	1.25%
200,001 - 350,000	1.10%
350,000+	0.95%

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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.