With Swissquote you can trade with financial instruments such as stocks, funds, options, futures, CFDs and Forex. The broker has a banking license, is a leader in the Swiss market and also offers you a referral program with which you can get extra money. In addition, Swissquote offers Trading, Forex and Robo-Advisory accounts, so whether you’re looking for a good way to actively trade Forex or other assets, or prefer an automated, passive investment, Swissquote will make it easy.
While it is true that Swissquote is a broker that has good characteristics in several aspects, we strongly believe that Capital.com is the best online trading platform because is one of the easiest and cheapest ways to trade CFDs on equities, commodities, indices, Forex pairs and cryptocurrencies anywhere in the world. Capital.com offers you zero fees on intra-day trading, a lightning-fast web platform and their proprietary Negative Balance Protection. Also, Capital.com gives you the best chance at financial success with a clean, easy-to-use interface.
|Ease of Use||7|
|Deposit & Withdrawal Options||5|
|Demo Account & Educational Resources||7|
|Safety & Regulation||10|
What is Swissquote?
Swissquote is a publicly-traded broker based in Switzerland and the UK. Swissquote Group Holding Ltd was created in 2000, and in the same year, the company went public. Later in 2001, Swissquote Bank Ltd obtained a banking license. Today the broker is regulated by the Financial Market Supervisory Authority (FINMA) and the Financial Conduct Authority (FCA). It is important that you consider that Swissquote is not authorized by the supervisory authorities of the USA, Canada, the United Kingdom, Germany, Italy, and France, and therefore does not offer its services in those countries.
Swissquote Pros & Cons
- No fees when you make deposits or withdraw funds.
- 24/7 technical support.
- Customer support gives quick answers.
- The broker is publicly traded.
- The financial statements are publicly available.
- You will be able to access a great variety of financial instruments.
- There is a demo account.
- The platform requires a high minimum deposit for some type of accounts.
- Fixed trade rates.
- The investment platform for the app version has limitations and flaws.
- Educational resources are limited.
- It is not possible to make withdrawals to credit or debit cards.
- The platform does not provide enough technical indicators.
Swissquote Account Types
Swissquote offers you three different types of accounts:
it is an investment account in which you will have access to more than 3 million financial instruments. For example, equities, ETFs, bonds, funds, options, futures, cryptocurrencies, etc.
With this type of account, you can create an ideal portfolio that suits your preferences and risk level thanks to an automated asset manager.
This account will allow you to trade with more than 130 currency pairs and CFDs. Also, this type of account allows you to use complementary platforms to the Swissquote platform, such as MT4, MT5 and Advanced Trader.
#1 Swissquote Fees
In this section, you will see the main aspects of the costs related to the buy and sale of financial instruments within Swissquote.
- No fees when you make a deposit or withdraw funds.
- You will not pay inactivity fees in Swissquote.
- Zero account maintenance fees.
There are fixed fees for trading shares that vary according to the type of market. Below you will see the fees that apply to each country:
Below you will see the different rates that apply in Switzerland. Please note that the base currencies are CHF/USD /EUR.
|Transactions-Value (CHF / USD / EUR)||Fees|
|0.00 – 500.00||9 CHF / USD / EUR|
|500.01 – 2,000.00||20 CHF / USD / EUR|
|2,000.01 – 10,000.00||30 CHF / USD / EUR|
|10,000.01 – 15,000.00||55 CHF / USD / EUR|
|15,000.01 – 25,000.00||80 CHF / USD / EUR|
|25,000.01 – 50,000.00||135 CHF / USD / EUR|
|>50,000.01||190 CHF / USD / EUR|
Below you will see the different rates that apply in Europe. Please note that the base currencies are EUR/GBP.
|0.00 – 2,000.00||25 EUR/GBP|
|2,000.01 – 10,000.00||30 EUR/GBP|
|10,000.01 – 15,000.00||55 EUR/GBP|
|15,000.01 – 25,000.00||80 EUR/GBP|
|25,000.01 – 50,000.00||135 EUR/GBP|
Below you will see the different rates that apply in North America. Please note that the base currencies are USD /CAD.
|Transactions-Value (USD /CAD)||Fees|
|0.00 – 500.00||15 USD /CAD|
|500.01 – 2’000.00||25 USD / CAD|
|2,000.01 – 10,000.00||30 USD / CAD|
|10,000.01 – 15,000.00||55 USD / CAD|
|15,000.01 – 25,000.00||80 USD / CAD|
|25,000.01 – 50,000.00||135 USD / CAD|
|>50,000.01||190 USD / CAD|
You can ask for a flat fee. Choose the number of trades you want to execute over one year and automatically benefit from its special conditions for active traders. Also, you may order the «Flat Fee Trades» directly in your account.
|Number of transactions||12 Months valid|
|20 Trades||39 CHF / Trade|
|50 Trades||35 CHF / Trade|
|100 Trades||29 CHF / Trade|
|200 Trades||25 CHF / Trade|
|500 Trades||19 CHF / Trade|
Swissquote is not well rated in terms of fees as you will have to pay commissions for trading financial instruments, which is not very popular today.
Swissquote Fees Score: 3/10
#2 Swissquote Signup Process
The opening of the accounts at Swissquote is completely digital. You can sign the contract online. Also, you can confirm your identity via video conferencing or by uploading a copy of your passport.
After giving your data to register for a new account on the website, you will receive guidelines about the digital account opening and the required documents. If you live in:
- Switzerland: you can have your passport/ID card/driving license notarized free of charge at any post office or SBB ticket office using Swissquote vouchers.
- Europe: you can get your passport certified at your local authority or consulate or by a notary public or solicitor/lawyer.
- Outside Europe: you can get a copy of your passport certified at a consulate or by a notary public or solicitor/lawyer.
Please note that the following elements must be available on the notarized copy of your passport:
- Date and place.
- First name, surname and signature of the person issuing the notarization.
- Stamp of the institution.
A downside of operating within the Swissquote platform is that you will have to wait a long time compared to other brokers. In fact, you usually have to wait for more than 2 days.
Swissquote Signup Process Score: 7/10
#3 Swissquote’s Minimum Initial Deposit
To operate in Swissquote you may or may not need to make a minimum deposit and it varies according to the type of account:
- Trading account: There is no minimum deposit.
- Forex account: $1,000 USD (Standard), $10,000 USD (Premium), $50,000 USD (Prime).
- Robo-Advisory account: $10,000 USD is required to optimize your investment.
Although there is an account in which you will not have to comply with a minimum deposit restriction, we consider that most traders will opt for the Trading or the Standard Forex account. As a consequence, we calculated Swissquote’s score based on the average between 0 and $ 1,000 USD. $500 is still not bad, but it sure isn’t as good as not having any minimum initial deposit at all, so Swissquote loses 2 points in this category.
Swissquote Minimum Initial Deposit Score: 8/10
#4 Ease of Use
Swissquote offers a variety of technical indicators and acceptable analysis tools. With Swissquote you will find three types of platforms that adapt to each type of trader:
- eTrading: The multi-asset online platform for all traders. It is a very intuitive and easy to use platform.
- Swiss DOTS: The online platform for derivatives with more than 70,000 OTC derivatives.
- Themes Trading: For investment ideas with more than 60 investment themes.
With the Swissquote app, you can operate in the financial instruments market from your phone. In the app you can access many of the tools of the PC platform such as dynamic graphics, prices change in real-time or trading portfolios.
The mobile app has a rating of 3/5 in the Google Play and in the Apple App Store a score of 4.3/5. On both platforms, users comment that the app has some flaws, for example:
- In some cases, it does not allow currency exchange
- It does not have the same technical characteristics as the PC version
- The interface could be better, among others.
Good online and desktop platforms combined with a not-so-great mobile app let Swissquote get a high score, but not excellent.
Swissquote Ease of Use Score: 7/10
#5 Deposit & Withdrawal Options
The deposit and withdrawal at Swissquote usually take between 1 and 3 days. You can transfer money to your Swissquote account via:
- ISR (in payment slip with reference number)
- At the Post Office (Switzerland only)
- Online banking
Please note you can use the same methods in the case of withdrawing money from your Swissquote account. Also when you trade stocks, ETFs, mutual funds, bonds, options and futures you can use the account with CHF, EUR and USD.
If you open a currency and CFD account you will be able to select GBP, EUR, CHF, AUD, JPY, PLN, CZK, HUF, USD, CAD, TRY, SEK, NOK, SGD, XGD as your base currencies.
You should consider that Swissquote does not offer many alternatives when making deposits and withdrawals. For example, e-wallets, credit cards and even transfer from other brokerage accounts, which are very popular, are not allowed. This is a very relevant factor that subtracts points from the broker
Swissquote Deposit & Withdrawal Options Score: 5/10
#6 Swissquote Customer Support
Swissquote customer support is very efficient. It has 24/7 technical support that will allow you to solve your problems and clarify your doubts whenever they arise. You can communicate with the technical staff in the following ways:
- Email: email@example.com
- Live Chat
- Customer care Switzerland: 0848 25 88 88.
- From abroad: +41 44 825 88 88
Swissquote offers technical service in several different languages such as English, French, German, Italian, Russian, Spanish, Arabic, among others. This is rather good, but, the big problem is that you will have to wait to be attended by the technical staff. Even the reply to your emails can take up to two days, which is something that hurts this broker’s score.
Swissquote Customer Support Score: 8/10
#7 Swissquote: Asset Classes
With a Swissquote account, you can trade in real time, all over the world, stocks from the following exchanges:
- SIX Swiss Exchange
- Dow Jones
- NASDAQ 100
- TSX 60
- CAC 40
- AEX 25
- BEL 20
You can buy many currency pairs. For example
You can buy gold at Swissquote.
At Swissquote you will have access to fixed income instruments.
You will have access to a wide variety of ETFs such as
- Pershing Square Tontine Holding
- Ishares 7-10 Year Treasury Bond
- Global X Robotics Artfcl Intlg
You can trade with prominent crypto-assets such as
- Bitcoin Cash
While it is true that Swissquote offers a great variety of financial instruments, there are limitations when it comes to diversifying internationally because there are few financial instruments from Asian markets. Otherwise, it would receive a perfect score.
Swissquote Asset Classes Score: 9/10
#8 Swissquote: Referral Program
Swissquote offers you a referral program with which you can make some extra money. Recommend Swissquote and earn cash bonuses of up to 400 CHF per referral.
After, the referred client funds their account, both the sponsor and the referred client will receive a bonus on their accounts proportional to the deposit, as detailed below:
|Amount in CHF||Standard||Premium||Prime|
|Minimum deposit Referred Client||5,000||10,000||50,000|
|Bonus Referred Client||50||100||200|
Swissquote offers the possibility of earning through the referral program. But, the bonus could be higher and for this reason, Swissquote loses a lot of points in this regard.
Swissquote Referral Program Score: 4/10
#9 Demo Account & Educational Resources
At Swissquote you will also have the option to open a demo account that will allow you to test your trading strategies without risking real money. In the demo account, you can use the same tools as in the real money account. These types of accounts represent a great opportunity to assess the spread and stability of the platform so that you are safe when opening a real money account.
Educational resources are not that extensive. But, you will find very useful and very good quality material with which you can complement your knowledge about the world of investments. In Swissquote you will find several webinars and tutorials in several languages.
Although Swissquote offers you a demo account, the broker loses points in this category because the educational content is very limited.
Swissquote Demo Account & Educational Resources Score: 7/10
#10 Safety & Regulation
Swissquote Bank Ltd has a banking licence and is therefore subject to the supervision of FINMA (the Swiss Financial Market Supervisory Authority). Swissquote Bank Ltd is a member of the Swiss Bankers Association (SBA) and a signatory of the Depositor Protection Agreement. This agreement provides each bank creditor (depositor) with immediate protection of up to 100,000 CHF equivalent for cash savings in the event of bank insolvency. If Swissquote Bank Ltd files for insolvency, the securities are fully guaranteed if held by the respective custodians in their name.
Swissquote is a broker that you can trust with your capital, it is a regulated broker that also offers a full guarantee. This aspect is really important as you generate your fortune.
Swissquote Safety & Regulation Score: 10/10
Swissquote vs. Capital.com
Being a winning trader requires a solid investment plan. Take into account that the stock market is a world that is constantly changing and for this reason your strategies must adapt to the movements and innovations of the market. We recommend that you choose a broker that is your ally and that allows you to fully exploit your profits.
In this sense, this broker must allow you to diversify your portfolio internationally with the range of financial instruments that it offers while also saving you hundreds of dollars in commissions. In this section, you will find a comparison between Swissquote and Capital.com. After an in-depth market study, we consider that your best ally is Capital.com for the following reasons:
It has the best fees
Capital.com doesn’t charge any fees on any asset that you trade: stocks, commodities, cryptocurrency, indices, forex, ETFs, or anything else. It doesn’t charge monthly or annual fees, inactivity fees, or deposit or withdrawal fees, either. It also offers tight spreads on trades, unlike other zero-fee brokers, who make their money on wide spreads. Capital.com only makes money on the overnight fees on leveraged trades, so if you trade without leverage, you’ll never pay any fees.
A Better customer support
You can call Capital.com at +44 20 3870 3087 or email their support team at firstname.lastname@example.org. You can also visit the Capital.com website and click on Contact Us for country-specific options and to enter a live chat with a Capital.com support agent. Their support team currently supports 13 different languages.
It Provides More Educational Resources
At Capital.com you have more tools and options so you can study the market and create the best investment plans. For example, you will be able to access:
- Free financial webinars.
- Educational courses for traders.
- Extensive market glossary.
- Comprehensive CFD trading guide.
- Cryptocurrency trading tutorial.
- Investmate, Capital.com’s investor education app.
Swissquote: In Summary
- Swissquote is a publicly-traded broker based in Switzerland and the UK.
- The company offers Trading, Forex and Robo-Advisory accounts.
- Swissquote has a fee structure that can be fixed or according to the amount invested and they will also depend on the market where you operate. You will notice when trading that the fees are high compared to other brokers. For example, in the case of Capital.com, commercial fees are free.
- The opening of the accounts at Swissquote is completely digital. You can sign the contract online with a confirmation.
- The minimum deposit fees could be confusing in Swisquote because several minimum amounts are depending on the type of account you want to open.
- Swissquote offers a variety of technical indicators and acceptable analysis tools.
- In the app, you can access many of the tools of the PC platform such as dynamic graphics, price changes in real-time or trading portfolios.
- The deposit and withdrawal at Swissquote usually take between 1 and 3 days.
- Swissquote customer support is very efficient. It has 24/7 technical support.
- There is a demo account and educational resources are acceptable.
If you are looking for a reliable broker, leader in the Swiss market that offers a great variety of financial products from the Swiss and European markets, Swissquotes can be a good option.
However, Swissquote could be better in several aspects. For example, it could improve fees, customer support, referral program and educational resources. Also, the minimum amounts are high. In all these points Capital.com is superior. If you are a beginner or an experienced trader you will see that this wonderful broker is an ally that will allow you to fully exploit capital gains