Swissquote – Forex Brokers Review & Rating
Swissquote Group Holding SA is a Swiss banking group specialising in the provision of online financial and trading services. The Group’s shares have been listed on the SIX Swiss Exchange under the ticker symbol “SQN” since 29 May 2000. The Group’s headquarters are located in Gland, Switzerland.
Swissquote Group Holding Ltd is Switzerland’s leading provider of online financial and trading services.
Listed on the SIX Swiss Exchange (symbol: SQN) since May 29, 2000, the Swissquote Group has its headquarters in Gland (VD) and offices in Zürich, Bern, London, Luxembourg, Malta, Dubai, Singapore and Hong Kong. The Group currently employs 722 staff.
- Start year:1996
- Country of origin:Switzerland
- Regulation:FCA, FSCS,
- Payment options:bank cards VISA, MasterCard, bank transfers, electronic payment systems WebMoney, VISA Qiwi Wallet, PayPal, liqpay.com, RBK Money, Yandex.Money, Svyaznoy, Alfa-Bank
- Minimum account size:$1000
- Minimum lot size:0.01 lot
- Leverage:up to 1:1
- Spreads:from 1.7 pips
- Your portfolio on the most sought-after platform in Switzerland
- More than 3 million financial instruments
- Equities, ETFs, bonds, funds, options and futures, cryptocurrencies, etc.
- Create your ideal portfolio with our automated asset manager
- Your objectives and your preferred sectors or securities
- Creation & optimisation of your portfolio by Robo-Advisor
- Trade more than 130 currency pairs and CFDs
- 3 award-winning platforms: MT4, MT5 and Advanced Trader
- Enhanced trading experience with Autochartist and MetaTrader Master Editionn
Swissquote offers three different ways to access its trading platform in a desktop environment. The one beginning traders are likely to use most is called Advanced Trader, which is easy to download and install from the website. The other desktop software options are MetaTrader 4 and 5 (MT4 and MT5). This software is designed for more advanced traders and has more technically advanced features such as trading strategies, back-testing and many technical indicators.
Swissquote has few special features provided by other brokers such as automated trading or social trading. One feature they do offer, however, is AutoChartist, which is an early algorithmic identification of chart patterns using Fibonacci Patterns and Horizontal Levels. The feature also allows for advanced risk management by instantly calculating a client’s real capital exposure and sets risk-adjusted position sizes. The feature also allows some limited back testing to see how ideas would have performed using real market data.
Swissquote gives traders the ability to place stop-loss orders. Unlike other brokers, however, these do not seem to be guaranteed. A guaranteed stop-loss usually requires a small fee, but the client is guaranteed to get the price indicated. A non-guaranteed stop loss order means that the broker will make a best effort to get as close to the indicated price as possible in the market, but if there are gaps or slippage, the client bears this cost.
Swissquote customer support appears to be slightly above average compared to other brokers. Online chat is available for both existing and prospective clients, but customer support is limited to business hours on weekdays. The trading desk is open 24 hours a day from Sunday 23:00 to Friday 23:00 CET. Live phone support is also available with the numbers of the trading desk and support both published on the website. Swissquote also uses social media for client communication and has both Facebook and Twitter accounts.