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Swissquote Forex Broker provides real users with 9 positive reviews, 3 neutral reviews and 41 exposure review!

Swissquote Broker Review

7.03

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Risk Manage

Swissquote Review 53

Latest All(53) Positive(9) Neutral(3) Exposure(41)
Exposure
Swissquote, why not seven supervisions?

Swissquote has seven supervisions in total. Switzerland, United Kingdom, Singapore, United Arab Emirates, Luxembourg, Hong Kong, Malta and other countries and regions. Some people cannot see others well. I had seen so many people from my own countries in recent years in foreign. Rather than saying about open a foreign exchange trading service provider, it is better to say to open a pawnshop. I can earn yours, but you can't earn mine.

洛影
2022-02-16
Exposure
Swissquote transfer Swiss account to UK without notice

It was a Swiss account when I opened it and I have not play it for a while. When I log in, I saw the account was belong to UK of Europe and I have not receive any email about transferring the account.

FX2309306803
2021-12-20
Exposure
Maliciously tamper order buy and sell price

At the time of trading on September 21 this year I had two accounts, one with $13,000 and one with $30,000. The long order is 1.24 lots, one is 2.5 lots. Short orders a 0.36, one is 0.7, in the market began to fall when I two accounts at the same time for lock processing, there are four consecutive 1-hand short pending orders, 13,000 accounts off a order lock and pending orders all deal, 30,000 accounts only deal with a lock order pending orders a did not deal, when the market really fell 800 points one after another, after the start of the card for up to 5 minutes. The small account 1.24 lots of realistic profit of more than 5400, but after closing the resumption of the chuck show only earned more than 1600, 4 short pending orders all loss to close, the large account lock order deal. 4 pending orders none of the deal, the result is the disk not card after the small account is still less than 2,000 U.S. dollars, the large account burst,. The small account lock order anyway to leave a little profit, but the large account lock order shows a loss of more than $22,000, more exasperating. The entry point of this order is not at all down to the location of the transaction. The difference in points is ridiculous, and the falsification is also outrageous, people who do not know how to trade can see that the problem emerged after many consultations with the platform, they refused for various reasons, and finally gave compensation of $420, such a platform is harmful. The friends who are still trading on this platform are alert to it!

FX2102131089
2021-11-07
Exposure
Severe slippage led to stop loss

Severe slippage led to stop loss. My order should be profitable on October 18, 2021 according to the market showed on most platforms. But it was stopped and I could not make profits. It said the losses were due to the bank qualification to ensure the safety of customers' funds. But investors had to pay high transaction costs. Customers' investment in their bank was consumed up by the fraud platform.

FX2567917032
2021-10-18
Exposure
Unable to withdraw

I deposited 8000 on this platform because my wechat friend invited me. But then it was said that my card was of mistake and I had to pay a margin of 5000. I should withdraw on September 29 but it still told me to pay 10500 yuan in order to approve the withdrawal.

幸福约定
2021-09-29
Exposure

The platform caused great losses to investors by many ways.

FX2567917032
2021-09-27
Exposure
The salesperson said nice things tome when I was going to open an account. However, the guy disappeared when I wanna withdraw funds. Slow response. I offered the withdrawal screenshot to the salesperson and nothing was wrong. But then they refused my application via emails. In the end, the salesperson asked me to consult the customer service.

The salesperson said nice things tome when I was going to open an account. However, the guy disappeared when I wanna withdraw funds. Slow response. I offered the withdrawal screenshot to the salesperson and nothing was wrong. But then they refused my application via emails. In the end, the salesperson asked me to consult the customer service.

Rena
2021-06-08
Exposure
Swissquote

The slippage here is huge

FX1692709624
2021-05-29

  

SWISSQUOTE 2025 Review: Everything You Need to Know

  Swissquote, a prominent name in the online trading and banking industry, has garnered attention for its extensive range of financial services and robust regulatory framework. The broker is noted for its competitive offerings, although it also faces criticism regarding trading costs. This review synthesizes insights from various sources to provide a comprehensive overview of Swissquote's strengths, weaknesses, and overall user experience.

  Summary: Overall, Swissquote is recognized as a reliable broker with a strong reputation, offering a wide array of trading instruments and educational resources. However, its higher-than-average fees and minimum deposit requirements may deter some potential traders. Key features include advanced trading platforms and a commitment to customer education.

  Note: It is important to consider that different entities operate under the Swissquote brand, which can lead to variations in offerings and regulatory protections. This review incorporates a balanced approach to ensure accuracy and fairness in the assessment.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 7
Tools and Resources 8
Customer Service 8
Trading Experience 7
Trustworthiness 9
User Experience 8
Additional Features 7

  How We Rate Brokers: Our ratings are based on a comprehensive analysis of user feedback, expert opinions, and factual data regarding fees, platform usability, and regulatory compliance.

  

Broker Overview

  Founded in 1996, Swissquote operates as a fully regulated financial institution with headquarters in Gland, Switzerland. The broker is publicly traded on the SIX Swiss Exchange and is authorized under multiple tier-1 regulatory bodies, including FINMA (Switzerland), FCA (UK), and SFC (Hong Kong). Swissquote offers a suite of trading platforms, including the popular MetaTrader 4 and 5, along with its proprietary platform designed for advanced traders. The broker provides access to a vast range of tradable assets, including forex, stocks, commodities, ETFs, and cryptocurrencies.

  

Detailed Analysis

  

Regulatory Regions

  Swissquote is regulated in several jurisdictions, including Switzerland, the UK, Hong Kong, and Dubai, ensuring a secure trading environment. The broker adheres to strict regulatory standards, providing an added layer of protection for clients' funds.

  

Deposit/Withdrawal Options

  Swissquote supports a variety of base currencies, including USD, EUR, GBP, and CHF. The minimum deposit requirement is set at $1,000, which some users find steep compared to other brokers. Withdrawals are processed typically within 1-3 business days, but a $10 withdrawal fee applies.

  

Bonuses/Promotions

  Swissquote does not offer traditional bonuses or promotions due to regulatory restrictions. However, they have a referral program that rewards both the referrer and the new client with trading credits.

  

Tradable Asset Classes

  The broker provides a comprehensive selection of over 3 million financial products, including more than 80 forex pairs, various commodities, indices, stocks, and a growing list of cryptocurrencies. This extensive offering allows traders to diversify their portfolios effectively.

  

Costs (Spreads, Fees, Commissions)

  Swissquote's trading costs are a mixed bag. While the spreads for forex trading start at 1.7 pips for the standard account, they can be lower for premium accounts. The broker does not charge commissions on forex trades, but there are fees related to inactivity and withdrawals, which could add up for less active traders.

  

Leverage

  The maximum leverage offered by Swissquote is 1:100, which is relatively conservative compared to some other brokers that offer higher leverage ratios. This approach aligns with regulatory standards aimed at protecting retail traders.

  

Allowed Trading Platforms

  Swissquote offers multiple trading platforms, including its proprietary Advanced Trader platform and the widely used MetaTrader 4 and 5. Each platform provides various tools for technical analysis and trading, catering to both novice and experienced traders.

  

Restricted Regions

  Swissquote does not accept clients from the United States, Canada, and several other countries due to regulatory constraints. This limitation may influence the broker's appeal to a global audience.

  

Available Customer Support Languages

  Customer support is available in multiple languages, including English, French, German, Italian, and Spanish. Support can be accessed via live chat, email, or telephone, with a commendable response time noted by users.

  

Ratings Revisited

Category Rating (out of 10)
Account Conditions 7
Tools and Resources 8
Customer Service 8
Trading Experience 7
Trustworthiness 9
User Experience 8
Additional Features 7

  

Detailed Breakdown

  

Account Conditions

  Swissquote requires a minimum deposit of $1,000, which is higher than many competitors. The inactivity fee of up to 10 units of the base currency after six months of inactivity is a notable drawback for less frequent traders.

  

Tools and Resources

  The broker excels in providing educational materials and research tools, making it suitable for both novice and experienced traders. The integration of tools like Autochartist and Trading Central enhances the trading experience significantly.

  

Customer Service

  Swissquote offers robust customer support, available 24/5, with a reputation for quick and helpful responses. However, limited availability outside business hours may be a concern for some traders.

  

Trading Experience

  While Swissquote offers a variety of trading platforms, the user experience can be inconsistent, with some users finding the interface complex. The proprietary Advanced Trader platform is particularly noted for its advanced features.

  

Trustworthiness

  Swissquote's regulatory status and history contribute to its high trust rating. The broker is well-regarded for its transparency and commitment to customer security.

  

User Experience

  Users report a generally positive experience with Swissquote, though some have highlighted concerns regarding the complexity of the platform and the associated fees.

  

Additional Features

  Swissquote's robo-advisory service and extensive range of educational materials are valuable features that enhance its offering.

  In conclusion, Swissquote stands out as a reputable broker with a strong regulatory framework and a diverse range of trading instruments. While it may not be the lowest-cost option available, its commitment to security and customer education makes it a compelling choice for traders looking for a reliable platform.