Swissquote Review
Score: 9.2 ⭐️
5/4/20231 min read
Traders choose Swissquote becuse quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
Swissquote's U.K. branch provides the best pricing out of its available account options, but it has a smaller range of markets.
Swissquote pros & cons
Pros
Founded in 1996, Swissquote is publicly-traded (SIX: SQN) and has multipole regulations making it a safe broker for trading forex and CFDs.
As a forex broker that also operates two banks.
Swissquote offers the MetaTrader platform , along with additional add-ons such as the MetaTrader Master Edition.
Swissquote produces excellent research, including daily market analysis videos, and written articles on its Newsroom section.
Advanced Trader web platform features TradingView charts and has been upgraded to HTML5 for a smoother user experience.
Cons
Swissquote's share trading is separate from its forex and CFD account offering.
Cryptocurrency trading is only available within Swissquote’s eTrading account.
We could not find their avg. spread cost , and its minimum spreads are expensive across all account types compared to its industry peers.
the desktop version should modernized.
Trading Central and Autochartist are available – but only as a plugin for MetaTrader.
Offering of investments
They are the first bank in the world to offer the ability to trade underlying cryptocurrencies (non-CFDs). 23 cryptocurrencies are available, among them Dogecoin, Polkadot, Cardano, Uniswap and other popular crypto assets. Swissquote is also preparing to launch crypto staking and lending.
eTrading vs eForex accounts: With the Swissquote eTrading account offering, clients can trade cryptocurrencies along with many other assets across 60 global market exchanges. However, traders who want to trade forex and CFDs alongside forwards and options must use Swissquote’s eForex account, which offers only 292 assets. This is a relatively narrow selection compared to other forex brands.
