Swissquote broker Accounts

Swissquote Account Type

Swissquote offers several types of trading accounts tailored to different trader needs. The available account types include:

1. Standard Account

• Minimum Deposit: $1,000
• Spreads: From 1.7 pips
• Commission: None
• Leverage: 1:100
• Minimum Trade Size: 0.01 lot (1,000 currency units)
• Inactivity Fee: 10 account currency units per month after 6 months of inactivity

2. Premium Account

• Minimum Deposit: $10,000
• Spreads: From 1.4 pips
• Commission: None
• Leverage: 1:100
• Minimum Trade Size: 0.1 lot (10,000 currency units)
• Inactivity Fee: 10 account currency units per month after 6 months of inactivity

3. Prime Account

• Minimum Deposit: $50,000
• Spreads: From 1.1 pips
• Commission: None
• Leverage: 1:100
• Minimum Trade Size: 1 lot (100,000 currency units)
• Inactivity Fee: 10 account currency units per month after 6 months of inactivity

4. Professional Account

• Minimum Deposit: Volume-based (customized)
• Spreads: Custom spreads
• Commission: Varies based on trading volume
• Leverage: Custom (upon request)
• Inactivity Fee: 10 account currency units per month after 6 months of inactivity

Additionally, Islamic accounts are available upon request, offering swap-free trading options.

Swissquote Broker Account Opening Process

Opening an account with Swissquote is a straightforward process that can be completed in just a few steps:

1. Visit the Swissquote Website: Go to the official Swissquote website and click on the "Start Trading" button.
2. Choose Account Type: Select the type of account you wish to open (Standard, Premium, Prime, or Professional).
3. Fill Out Registration Form: Provide your personal information, including your name, email address, phone number, and proof of residence.
4. Identity Verification: Complete the identity verification process by uploading a valid ID document and proof of residence (not older than 6 months).
5. Deposit Funds: After your account is verified, you will need to deposit the minimum required amount to activate your account.
6. Start Trading: Once your account is funded, you can access the trading platforms and start trading.

The entire process typically takes around 24 hours for account verification.