Introduction
Swissquote is an online broker that has been in the business for more than 20 years. It offers a wide range of products and services, including stocks, options, futures, and forex. Swissquote was founded in 1999 by Roland Borer, who remains CEO today. The company is headquartered in Zurich and employs over 600 people worldwide. Our Swissquote review will look at everything from their fees to what types of accounts they offer before giving our final verdict on this broker.
Is Swissquote regulated?
Swissquote is regulated by FINMA, which stands for the Swiss Financial Market Supervisory Authority. FINMA is the financial regulator of Switzerland and is a government agency independent of the Swiss National Bank (SNB). The SNB is similar to the Federal Reserve in the United States.
FINMA has been around since 2008 when it replaced three older regulators: The Bank Commission, the Insurance Commission, and the Security Commission. It has taken over these duties as well as its own set of responsibilities under Article 37 of Switzerland’s Federal Constitution.
What is Swissquote’s background?
Swissquote is one of the oldest and most respected online trading brokers in the world. It was founded in 1999, and it has been operating as a fully licensed bank since that time.
The Swiss Financial Market Supervisory Authority (FINMA) regulates Swissquote. This means that you can trust your money to this broker because FINMA has made sure that it meets all of its regulatory requirements.
In addition to being regulated by FINMA, Swissquote also holds various certifications from some of the most respected international organizations in finance:
How many markets and products does Swissquote offer?
Swissquote offers a wide range of financial instruments and products, including stocks, ETFs, futures, options, bonds, and forex.
Swissquote Bank SA is a Swiss private bank that provides banking services to individuals and businesses.
What are Swissquote’s average spreads & fees?
Swissquote’s spreads are competitive at most of its major currencies, except for the USD/JPY pair, which has a wider spread than most other brokers. This can be seen in the table below:
Swissquote’s competition is also very strong when it comes to fees. They have one of the lowest forex commissions on the market and offer plenty of free features such as an ECN account and real-time streaming quotes.
How does Swissquote compare to other brokers?
Swissquote is a good broker for beginners because it offers a wide range of products, simple trading tools, and useful educational materials. However, its research tools are limited and its trading platform is only average compared to other brokers.
Swissquote provides access to forex, CFDs, and cryptocurrencies on different trading platforms including web-based or mobile apps, informative post
The Swissquote web platform is easy to use with a responsive design that adapts well to different screen sizes.
How do we rate Swissquote in our broker review?
There are a few things to consider when rating Swissquote. First, what is the general reputation of this broker? Do you trust them? You should not just take our word for it when we say that they are a good company and will look after you if something goes wrong, you should do your research into how they operate and whom they work with. If you’re interested in doing this then read our guide to finding out more about a broker’s reputation here.
Second, what type of trader are you? Are you looking for an account where someone else will manage your investments while they sit there doing nothing or do you want to be able to trade on your own whenever the mood takes you? This is very important as different types of traders require different levels/kinds/types of support from their brokers which means some customers might find what Swissquote offers unsuitable if it doesn’t match their trading style (and vice versa).
What are the pros and cons of Swissquote?
- Pros:
- *Swissquote has been around for a long time. They have an excellent reputation and are one of the most popular online forex brokers.
- *They offer some of the best spreads on the market, which means you get to keep more of your profits when trading currencies.
- *Their customer service is second to none, with phone support available 24/7 and live chat available during office hours.
- *You can trade a huge range of currency pairs, commodities, and indices through their platform – no matter what your trading style or investment goals are, there’s something for everyone!
When you have a valid account, you can use the demo account!
The demo account is a great way to practice trading. You can get used to navigating the platform, test out different strategies and see if they work in real markets. It’s also a good way to see if you enjoy trading before committing any real money.
Conclusion
Swissquote is a good broker for traders looking for an alternative to the big players in the market. It offers low spreads, forex, CFDs, and options on more than 50 underlying assets. Its research tools are also among the best in the industry