Is Swissquote safe and legit？ Full review
Swissquote is a United Kingdom-based broker established in 2012 and regulated by the Financial Conduct Authority, the Securities and Futures Commission of Hong Kong, the Dubai Financial Services Authority, and the Monetary Authority of Singapore. It carries a Level 1 safety level and offers three account types — ELITE, PRIME, and PREMIUM — on the MT4 and MT5 platforms under full license, with account opening handled entirely online. Its influence rating is A, with an average influence index of 7.68. The broker's recognized strengths include multi-regulator oversight, full-license MT4/5 access, and multiple account types; among the noted drawbacks are multiple regulatory disclosures, negative disclosures from regulators, and a high number of user complaints.
Regulatory Compliance and Security
Swissquote operates under four regulatory authorities, each of which lists the broker with a "Regulated" status.
The overall safety level is Level 1. Two regulatory disclosures are recorded. The first comes from the FCA, which published a warning about a clone firm, Handel Swiss UK Limited, that was using the details of the authorized firm Swissquote Ltd without any connection to it. The second comes from Indonesia's commodity futures regulator, which blacklisted websites in connection with a Ministry of Trade action that blocked 1,222 domains for illegal commodity futures trading and gambling under the guise of trading.
Account Type
Swissquote offers three account types.
All three account types support lock-up positions, scalping, and EA trading.
Trading software
Swissquote uses the MT4 and MT5 trading platforms, both covered by a full license. The software experience for the MT5 platform is rated as perfect, with the review noting its high customizability, multiple language options, clear expense reports, and a good search function, while pointing to the absence of two-step login and biometric authentication.
MT4/5 Server Distribution:
- MT5: SwissquoteBankEU-Server (Germany, United States, United Kingdom, Hong Kong, Netherlands), Swissquote-Server (United States, United Kingdom, Hong Kong, Germany, Netherlands), Swissquote-Instit-Server (Germany, United Kingdom), SwissquoteLtd-Server (United Kingdom)
- MT4: Swissquote-Real1, Swissquote-Real2, Swissquote-Real6, Swissquote-Live1, Swissquote-Live2, Swissquote-Live3, Swissquote-Live6, Swissquote-Demo1, and Swissquote-MAM, distributed across Germany, the United States, the United Kingdom, Hong Kong, the Netherlands, Singapore, and Russia; SwissquoteLtd-Live5, SwissquoteLtd-Live, and SwissquoteLtd-Demo1 in the United Kingdom
Customer Service
Swissquote's customer service supports 25 languages across 4 service regions. Contact is available by phone, email, and IM app for most inquiries, and response times may be lengthy.
⚠️ Note: Most inquiries can be answered through the available channels, but response times may be lengthy.
Influence
Swissquote has an influence rating of A, with its influence mainly distributed in the United Arab Emirates, Argentina, Austria, Australia, Belgium, Bulgaria, Bolivia, Brazil, Belarus, and Canada, and an average influence index of 7.68.
5-10 years
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