Swissquote Review: is it a good broker for 2025?

Swissquote is an online brokerage firm founded in 1996 that offers online trading, banking and financial services.

The Swissquote brand and entities across the world are owned by Swissquote Group Holding Ltd, which is based in Gland, Switzerland. Swissquote also has partial ownership of Yuh, a Swiss banking service which is 50% owned by PostFinance AG (a Swiss financial company).

Swissquote offers a broad spectrum of services, primarily focusing on leveraged trading (forex and CFDs), investing services (access to global exchanges for stocks, futures, options, and structured products), and portfolio management (featuring robo-advisory services).

Is Swissquote a good broker?

Yes, Swissquote is a good broker.

Swissquote is a multifaceted well-regulated broker and bank catering to a diverse clientele, mainly seasoned day traders and scalpers, long-term investors and those seeking robo-advisory services.

However, it’s important to note that Swissquote is not the best option for beginners due to the fact the demo account is not unlimited, and its high minimum deposit requirements. In fact, the most accessible account (Premium account) requires a $1,000 minimum deposit and comes with relatively high spreads starting from 1.6 pips. For more competitive spreads, a $5,000 minimum deposit for the Prime account is necessary.

On the flip side, experienced traders benefit from Swissquote’s infrastructure backed by Tier-1 banks, which facilitates trading at high volumes with low costs and stable spreads.

Moreover, Swissquote’s extensive asset offering extends beyond CFDs and forex to include a broad spectrum of stocks, ETFs, mutual funds, structured products, futures, and options, alongside portfolio management services like robo-advisors.

Is Swissquote good for beginners?

No, Swissquote is not good for beginners.

Swissquote has a high minimum deposit requirement of $1000, which only grants access to trading accounts with very high commissions. Lower commissions can be found on the Elite and Prime trading accounts which require an even higher minimum deposit (from $5000). Additionally, the demo account expires after 30 days only.

Is Swissquote good for day trading on Forex and CFDs?

Yes, Swissquote is good for day trading on forex and CFDs.

Swissquote provides a wide selection of 80 forex pairs and approximately 300 CFDs for trading. While trading costs are generally on the higher side, they become very competitive for deposits over $5,000. On the Prime account, spreads start from 0.6 pips, and on the Elite account, spreads can start from 0 pips with a commission of $5/lot round-turn.

Is Swissquote good for scalping?

Yes, Swissquote is good for scalping.

Swissquote partners with Tier-1 banks, ensuring deep liquidity and stable spreads and trading costs. However, Swissquote is most advantageous for high-volume scalpers, as trading costs become more favorable starting at $5,000 on the Prime account. Other trading accounts, which have lower minimum deposits, feature higher spreads starting from 1.1 pips.

Is Swissquote good for demo trading?

Yes, Swissquote is good for demo trading but has limitations.

The Swissquote demo account offers traders access to over 300 assets across diverse markets, and is available on platforms such as Advanced Trader, MT4, and MT5. However, it’s important to note that the Swissquote demo account is only available for 30 days before it expires.

Is Swissquote good for long-term investing?

Yes, Swissquote is good for long-term investing.

Swissquote provides a wide array of options for long-term investments, including stocks, ETFs, and mutual funds (all offered as real). Furthermore, Swissquote enhances its offerings with a robo-advisory service.

Is Swissquote good for robo-advisory?

Yes, Swissquote is good for robo-advisory.

Swissquote provides four unique managed portfolios in collaboration with Blackrock. A minimum deposit of $5,000 is required to access this service, with annual fees varying between 0.40% and 0.90%, depending on the portfolio’s overall value. However, it’s important to note that this service is exclusively available to clients in Switzerland and Luxembourg.

What are the Swissquote key features?

The Swissquote key features and main characteristics are listed below:

• Deep liquidity: Swissquote boast a network of Tier-1 banks and regional liquidity providers
• High minimum deposit: Swissquote is aimed at wealthy traders. The minimum deposit is $1000, but there are trading accounts with a minimum deposit set at $50.000.
• Wide range of services: at Swissquote you can trade CFDs, options, futures, structured products, or buy cryptocurrencies and stocks. Additionally, there’s a range of additional and secondary services such as the Swissquote debit and prepaid cards.
• Low fees for high volume traders: the more you deposit, the better the fees. With a minimum deposit of $1000, spreads start from 1.7 pips. Better trading account types come with a higher minimum deposit, which can reach $50.000.
• Crypto trading: Swissquote allow traders to buy and sell 35 cryptocurrencies as real and as CFD as well. There’s also a crypto wallet available, and crypto staking.
• Robo-advisoring: Swissquote offers a robo-advisory service in partnership with Blackrock.

The major attributes and qualities of Swissquote can be found in this table below:

What can’t be done on Swissquote?

Trading features and strategies you can’t do on Swissquote are listed below:

• Swissquote doesn’t offer the cTrader platform: if you’re a scalper looking for cTrader, Swissquote doesn’t offer it.
• Swissquote doesn’t offer Spread betting: Swissquote is available in the UK, but no spread betting is available. If you’re a spread betting trader, choose an alternative.

What are the Swissquote pros and cons?

Pros:

• Regulated by many tier-1 regulators
• High money protection standards
• Wide range of markets
• Wide range of trading platforms
• Robo advisoring service available
• Crypto staking available

Cons:

• High minimum deposit
• High trading costs for accounts below $10.000
• Charges inactivity fees
• Limited services and features for non-swiss traders

Is Swissquote regulated?

Yes, Swissquote is regulated by FINMA, CSSF, DFSA, SFC, MAS, MFSA (57936), FCA (562170) and CySEC (422/22). Swissquote is ESMA compliant, thanks to the CySEC and MFSA licenses, and can operate all over the EU thanks to the European passporting system for companies.

All the licenses obtained by the Swissquote Group Holding Ltd and its subsidiaries from several regulatory bodies around the world are outlined in the table below:

Is Swissquote legit?

Yes, Swissquote is legit and it is not a scam.

Swissquote is a trusted bank and online trading brokerage firm with global coverage, which was founded as an investing platform in 1996. Over the years Swissquote expanded its reach and in 1999 they founded the Swissquote Group Holding Ltd, which today is the mother company of the Swissquote brand.

Swissquote has also been listed on the SIX Swiss Exchange (Symbol: SQN) since May 29th 2000.

The Swissquote headquarters is based in Chemin de la Cretaux 33 Case postale 391 Gland, 1196 Switzerland.

Moreover, Swissquote has offices at Zurich, Bern, London, Luxembourg, Malta, Dubai, Singapore and Hong Kong, with over 700 employees in total.

Is Swissquote safe?

Yes, Swissquote is considered a safe broker (though it doesn’t guarantee positive future results) as it respects national and international regulatory and financial standards. At Swissquote, deposits and withdrawals are secure, and the firm stores clients’ funds into segregated bank accounts.

Swissquote also emphasises data security with encrypted data transmission, protects stored sensitive information, and offers solid and reliable trading platforms.

Has Swissquote won any industry awards?

Swissquote has won the Best Swiss Online broker award in 2001, and their Robo‑Advisory solution, won the Thomson Reuters Lipper Fund Award in 2016.

How does Swissquote protect clients’ money?

All the Swissquote entities under the Swissquote Market Group protect client funds with segregated bank accounts, meaning the clients’ funds are safeguarded in case of insolvency or bankruptcy.

Thanks to the regulation in the EU and UK, Swissquote offers the ICF (Investor Compensation Fund) and the FSCS (Financial Services Compensation Scheme), which grant insurance compensation of up to €20,000 or £85,000, respectively. In Switzerland, the compensation can reach up to 100,000 CHF.

Another clients’ money protection practice applied by Swissquote within the European Union and the UK is the Negative Balance Protection, which prevents traders from losing more money than deposited.

Who is the CEO of Swissquote?

Marc Bürki is the CEO of Swissquote Group Holding Ltd since 1999, and the CEO of Swissquote Bank Ltd since 2002.

Marc Bürki was born in 1961 and earn a Degree in Electrical Engineering, Swiss Federal Institute of Technology (EPFL), Lausanne, Switzerland in 1987.

How to use Swissquote?

In order to use Swissquote you have to respect the following requirements:

• Be legal of age in your own country.
• Make sure Swissquote is allowed in your country.
• Verify your identity.
• Deposit a minimum amount of money.

In Which Countries is Swissquote not Available?

Swissquote does not accept customers from USA, Canada, most african countries such as Algeria and Angola), and in some asian countries such as Afghanistan and Bangladesh.

What are the Swissquote account base currencies?

Swissquote offers 15 account base currencies in total. These include EUR, USD, GBP, CHF, JPY, CAD, AUD, TRY, PLN, SEK, NOK, SGD, XGD, HUF and CZK.

However, the selection is smaller for European traders, as only 4 base currencies are available in this area (EUR, USD and CHF).

In the UK the selection is wider with 9 base currencies in total, and these are GBP, EUR, USD, CHF, PLN, HUF, CZK, AUD and JPY.

Swissquote may charge a currency conversion fee of 0,9% for trades, deposits and withdrawals, when these do not match the account base currency selected.

What is the Swissquote minimum deposit?

The Swissquote minimum deposit is $1000 for the Swissquote Standard or Premium account.

The minimum deposit at Swissquote rises to $5000 for the Prime account, goes up to $10000 for the Elite and Professional account types, and (only for Swiss traders) up to $50000 for the Prime account.

Swissquote deposits are fee-free, and generally take up to 3 business days to get through when using wire transfers. If you use Visa and Mastercard deposit methods, the funding process usually takes a maximum of a couple of hours.

The Swissquote deposit requirements and features are listed in this table below:

What are the Swissquote deposit and withdrawal methods?

Swissquotes allows deposits and withdrawals via Wire Transfer, and by using Visa or Mastercard payment methods. However, the only deposit method for European traders is wire transfer.

Keep in mind that the withdrawal method must match the deposit method used. In other words, if you choose to fund your Swissquote account with your Mastercard debit card, you can withdraw and receive money only on that specific Mastercard debit card.

There’s no minimum withdrawable amount at Swissquote, and there are no fee attached for non-SEPA traders. Traders residing within SEPA countries, may get charged fees from $10 up to $25.

Are withdrawals secure and fast on Swissquote?

Yes, Withdrawals at Swissquote are secure and fast. The processing time for Swissquote withdrawals generally takes up to 3 business days.

Your funds at Swissquote are stored in segregated bank accounts, meaning that you will be free to withdraw them whenever needed, and without asking Swissquote for validation.

In order to make your withdrawals smooter, make sure to keep your personal information up to date on your trading account.

Are there bonuses or promotional offers on Swissquote?

Swissquotes doesn’t offer bonuses, but it does offer promotional offers which are included in the list below:

• Swissquote card: Swissquote offers a Mastercard debit card and a Mastercard prepaid card for all traders that request it. The service is available only in Switzerland.
• Staking: Keeping and storing the cryptocurrencies in the Swissquote’s wallet, will give traders an average staking of 4%
• Share lending: If explicitly requested by the customer, Swissquote can lend your securities to third parties. This operation will grant interests up to 4% on the stock.

What are the Swissquote account types?

Swissquote provides 7 different accounts. All the Swissquote account types are shown in details in the table below.

Swissquote Demo account

The Swissquote demo account is an account type to try the Swissquote service for free with virtual money.

The Swissquote demo account works just as an Swissquote live account, as here you can trade and invest on over 300 assets without risk.

The demo account offered by Swissquote expires after 30 days in which you can test the service.

This can be opened providing Swissquote with an username, an email address, and a telephone number.

Swissquote Standard account

The Swissquote Standard account is designed exclusively for traders in Switzerland.

The standard account features spreads that begin at 1.7 pips on forex, a value that is 70% above the typical trading average of 1 pip. However, there are no additional trading commissions (other than overnight fees).

For those interested in the stock market, the standard account provides commission rates starting at 0.03 USD per US stock and from 0.15% for other stocks, with a minimum charge of $20.

Traders must deposit a minimum of $1000 to open this account. Swiss traders can trade with leverage up to 1:100, with a minimum trading size of 1 micro lot.

Swissquote Premium account

The Swissquote Premium account targets traders who need basic functionalities.

Forex spreads for this account type start from 1.3 pips (30% higher than the standard trading average of 1 pip), although Swiss traders have a slightly higher starting point at 1.4 pips.

Stock trading commissions are set from 0.04 USD for US stocks and 0.15% for others, with a minimum commission of $15. Swiss traders enjoy lower rates, starting from 0.02 USD for US stocks.

The minimum deposit for a Swissquote Premium account is $1000, but raises to $10000 for those based in Switzerland

Swissquote Prime account

The Swissquote Prime account caters to those preferring to trade with low spread mark-ups.

Spreads here start from 0.6 pips on forex (40% lower than the industry standard), but from 1.1 pips for Swiss traders (10% higher than the standard).

The prime account offers lower stock commissions, beginning at 0.02 USD per US stock and 0.12% for other stocks, with minimum charges set at $12.

The minimum deposit to open this account type is $5000, but it’s $50’000 for Swiss traders.

Swissquote Elite account

The Swissquote Elite account caters for advanced traders who prefer to trade with raw spreads.

Market spreads start from 0 pips, but forex trades charge a commission of $5/lot round-turn, which is 28% lower than the average commission of $7/lot round turn.

Stock commissions are similarly competitive, starting at 0.01 USD for US stocks. The account demands a minimum deposit of $10000.

Swissquote Professional account

The Swissquote Professional account is tailored for professional traders in the UK, Europe and Switzerland.

This account offers spreads from 0 pips and volume-based trading commissions from $5/lot round turn. Swiss traders, on the other hand, can request custom spreads.

The minimum deposit is set at $10000, with specific requirements for Swiss traders based on their planned trading volumes

Swissquote Trading account

The Swissquote trading account is available in Switzerland and Luxembourg, and is a comprehensive Swissquote account type where you can invest and trade in a number of assets.

Here you can trade mutual funds, stocks and ETFs (with free-real time quotes) on over 30 stock exchanges with commissions from 0,1%.

Here you can also find over 1.7 million structured products on the EUWAX (a segment of Börse Stuttgart). Among these you can find Warrants, Knock-out Warrants, Bonus Certificates, Tracker Certificates and more, with commissions from 0,1%

Additionally, you can also trade Options and Futures with commissions from $2/contract on the EUREX, CME and ISE.

Swissquote Smart Portfolio account

The Swissquote Smart Portfolio account is an account for those traders who prefer to invest with robo-advisors.

There are 4 different portfolios managed by Blackrock in partnership with Swissquote:

• Defensive, if you want to preserve your capital while accepting a slower growth
• Moderate, it balances risk and growth
• Growth, which aims to higher returns at the cost of risk
• ESG, for those who want to see the portfolio growing, while taking into the account the environment and social aspects

The annual fees for this account type range from from 0,40% to 0,90% depending on the portfolio total worth.

• 0,40%, if above 100.000 USD
• 0,60%, if between 50.000 USD and 100.000 USD
• 0,90%, if below 50.000 USD

The Swissquote Smart Portfolio account is available for investors residing in Switzerland and Luxembourg, and requires a minimum deposit of $5000.

Can I test all Swissquote account types on a demo account?

Yes, you can test all Swissquote account types on a demo account.

There are over 300 assets, and three trading platforms available for testing: Advanced trader, MT4 and MT5.

If you’re interested in trading CFD stocks on the Swissquote demo account, you should know that this market is only available on the Advanced Trader platform.

This means that, if you’re interested in trying other Swissquote account types, you can still open a Swissquote demo account and get a grasp of the features offered.

What are the fees on Swissquote?

The fees and commissions charged by Swissquote are listed below:

• Spreads: Spread on Swissquote starts from 0 pips on the Elite and Professional accounts. Other accounts charge higher spreads up to 1.7 pips with the Standard account.
• Volume-based commissions: $5/lot round turn commission when using the Swissquote Elite or professional account.
• Stockbroking fees: from 0,1%
• Mutual fund fees: from 0,1%
• Options and Futures fees: from $2/contract
• Robo-Advisory fees: annual costs ranging from 0,40% to 0,90%
• Overnight fees: Swissquote does charge an overnight fee when trading CFD assets
• Withdrawal fees: traders residing in SEPA countries may get charged a fee of 1,9%
• Inactivity fees: Swissquote charges a monthly $10 fee after 6 months of inactivity.

How good are Swissquote trading spreads and commissions?

The Swissquote average cost per trade is $8, calculated as an average across all Swissquote account types (20% lower than the average cost per trade industry standard), considering a 1 lot volume trade on the EUR/USD Forex pair.

The cheapest accounts at Swissquote are the Elite and Professional accounts, since both offer raw spread forex trading with volume-based trading commissions of $5/lot round turn (which make these accounts 28% cheaper than the average raw spread account $7/lot round turn commission).

On the other hand, the highest trading costs are on the Standard account, available for Swiss traders only, which charges spreads from 1,7 pips (70% higher than the 1 pip industry average).

The Swissquote forex trading costs breakdown based on each account type available can be found in this table below:

The resume of the Swissquote trading spreads and commissions on different markets is in this table below:

What type of broker is Swissquote?

Swissquote is a bank and a brokerage firm for trading in real assets and derivatives like CFDs, Futures and Options.

Swissquote offers services mainly aimed at investors and professional traders that seek brokerage firms with Tier-1 liquidity.

How does Swissquote make money?

Swissquote generates revenue through spreads, trading commissions, overnight fees, inactivity fees, currency conversion fees and additional premium services. They also make money through withdrawal fees and B-Book execution policies.

According to the 2022 Financial Statement published by Swissquote, the Swissquote Group operating income for 2022 was 408,146,469 CHF with a net profit of 157,393,757 CHF.

88,60% of the Swissquote operating income came mostly from the Swiss market with a total of 361.753.941 CHF. The European market is only 5% (20.542.850 CHF), the Middle East with 4,2% (17.124.473 CHF) and a 2,1% for the APAC region (8.725.205 CHF).

Swissquote’s main source of revenue is Securities trading, which takes 74,50% of the total revenue (304,227,124 CHF). The Swissquote’s securities trading revenue is divided by:

• Cash and fixed income (25.60%), 77.795.219 CHF
• Shares (19.10%), 58.007.140 CHF
• Foreign exchange (17.90%), 54.449.131 CHF
• Crypto assets (9.10%), 27.695.135 CHF
• Structured products and derivatives (8.10%), 24.543.370 CHF
• Funds and similar vehicles (7.40%), 22.591.681 CHF
• Others (12.90%), 39.145.448 CHF

CFD and forex trading makes only 25,5% Swissquote total income (103,919,345 CHF). The Swissquote’s CFD and forex trading revenue is divided by:

• Foreign exchange (58,20%), 60.433.810 CHF
• Contracts-for-differences (22,80%), 23.699.240 CHF
• Precious metals (19,00%), 19.786.295 CHF

As of today, the amounts earned by Swissquote with withdrawal fees and similar services, and what’s the amount earned (or lost) by acting as a B-Book broker, are unknown.

What assets can you trade on Swissquote?

On Swissquote you can trade over 300 CFD (Contract For Difference) assets in different markets such as Forex, metals, energies, indices, stocks, commodities, bonds, ETFs and cryptos.

Most of the assets though, are available only in Switzerland and Luxembourg with their banking and stock-brokerage service. Here they offer a very wide range of trading assets with over 10000 stocks, 30 cryptocurrencies, over 2000 mutual funds, options, futures and 1.7 million structured products of different nature such as Warrants, bonus certificates and more.

The markets and the number of assets offered at Swissquote can be found in this table below:

What is the maximum leverage available on Swissquote?

The maximum leverage available on Swissquote is 1:400 for professional forex traders. The leverage is reduced to 1:100 for Swiss traders, and 1:30 for European and UK traders.

What is the minimum lot sizing available on Swissquote?

The minimum lot size available to trade through Swissquote is 1 micro lot.

This is equal to 0.0001 standard lots and means you can get started with a minimum trade size of $1000 in cash value.

Can you earn dividends on Swissquote?

Yes, you can earn dividends on Swissquote both when investing in Stock as CFDs and as real.

What are Swissquote liquidity providers?

Swissquote’s liquidity providers are not disclosed at the moment.

What platforms does Swissquote offer?

The Swissquote trading platforms are included in the list below:

• MetaTrader 4 (MT4), available as webtrader, desktop and mobile
• MetaTrader 5 (MT5), available as webtrader, desktop and mobile
• Advanced trader, available as desktop and mobile
• eTrading platform, available as webtrader

Swissquote provides the most common orders for risk management on all trading platforms such as: stop losses, take profit, limit orders, and trailing stops.

The Advanced Trader platform is designed for forex and CFD only. It offers more than 80 technical indicators, plus an autochartist integration. Additionally, there are multiple advanced trading orders available, such as the OCO order, IF-DONE orders and IF-OCO orders.

The eTrading platform, on the other hand, is available only for Swiss traders. This platform allows traders to trade all the assets available in the country.

How good is Swissquote Customer Service?

The customer service at Swissquote is efficient.

Swissquote offers a comprehensive FAQ section on their website. Additionally, the Swissquote support team can be reached through email or phone in 8 different languages, typically responding within one business day.

Beyond these methods, Swissquote actively engages with customers on several social media platforms, such as Instagram, Facebook, LinkedIn, YouTube, X, and TikTok.

How can you contact Swissquote?

You can contact Swissquote through email or phone.

Swissquote has different email addresses and phone numbers for each office around the world. This makes it easier for clients to contact the right Swissquote office, and helps Swissquote as well to tailor the answers for each client.

Does Swissquote have social media channels?

Yes, Swissquote has profiles on different social medias that are included in the list below:

• Instagram
• Facebook
• TikTok
• Twitter
• LinkedIn
• YouTube

How many languages are available at Swissquote?

At Swissquote there are 8 languages available. These are English, French, German, Italian, Arabic, Russian, Chinese, Spanish

What are the Swissquote market analysis tools?

Swissquote offers three main market analysis tools and are listed below:

• Stock Finder: Swissquote offer an integrated Stock Screener with daily market analysis
• Price trend: Swissquote displays intraday and historical prices for its assets
• Expert insights: Morning news, blog, YT, Podcast

Does Swissquote provide educational tools?

Yes, Swissquote provides three educational tools described in the list below:

• eBooks: Swissquote offers eBooks in free-download about multiple topics
• Webinars: Swissquote organizes webinars held by finance professionals
• Tutorials: Swissquote offers tutorials about the eTrading platform

What do users think about Swissquote?

 

Trustpilot	3,6/5 (2100+ reviews)
Google Play Store	3,4/5 (5500+ reviews)
iOS App Store	4.4/5 (350+ reviews)