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Swissquote Review 2024

Written by
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg

June 11, 2024

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail CFD accounts lose money. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Swissquote, established in 1996, offers a highly recommended forex and CFDs trading platform. Our research indicates that with its high trust score of 99, extensive range of tradeable symbols, and robust educational resources, Swissquote stands out as a top choice for traders, especially those who wish to pay for a broker that doubles as a Swiss bank account.

Overall Rating

8.8 / 10

Minimum Deposit


Trust Score info

Highly Trusted

Pros and Cons

thumb_up_off_alt Pros

  • High Trust Score: Swissquote has a trust score of 99, indicating strong reliability and safety.
  • Extensive Trading Options: Offers 78 forex pairs and 472 tradeable symbols in its CFD offering. Its separate eTrading account offers more than three million financial products.
  • Comprehensive Platforms: Supports MetaTrader 4 and MT5, and offers an extremely well-regarded proprietary platform.

thumb_down_off_alt Cons

  • Spreads not competitive: Compared to the industry average, the minimum spreads are more expensive across the board.
  • Lots of fees: Swissquote charges an inactivity fee just after six months as well as quarterly custody fees.
  • Steep minimum deposit: There is a deposit requirement of $1,000 which can be a dealbreaker depending on your trading budget.

Ratings Summary

  • Investment Types - 10/10
  • Commissions & Fees - 7.0/10
  • Trading platforms - 9.0/10
  • Research - 8.5/10
  • Mobile Apps - 8.5/10
  • Education - 7.5/10
  • Overall - 8.8/10

Can I trust Swissquote?

Swissquote is a publicly traded company (SIX: SQN), operates three banks, authorized by the UK FCA and regulated under MiFID. Its high trust score of 99 makes it highly trusted according to

Swissquote is currently licensed and/or authorised by the following regulatory bodies:

Is Swissquote good for beginners?

Swissquote is a good choice for beginners due to its extensive educational resources, including advanced and beginner education videos. It is well-regarded for education and beginner support.

Feature Swissquote logoSwissquote
Education (Forex or CFDs) info Yes
Client Webinars info Yes
Videos - Beginner Trading Videos info Yes
Videos - Advanced Trading Videos info Yes
Investor Dictionary (Glossary) info Yes

Swissquote commissions and fees summary

Swissquote charges an inactivity fee and requires a $1,000 minimum deposit. It offers active trader discounts, but its average spread cost for the EUR/USD pair is not specified. The commissions and fees are considered average, making Swissquote a suitable choice depending on individual trading needs.

Feature Swissquote logoSwissquote
Minimum Deposit info $1000
Average Spread EUR/USD - Mini info N/A info
Average Spread EUR/USD - Standard info N/A info
All-in Cost EUR/USD - Active info N/A info
Active Trader or VIP Discounts info Yes

Swissquote trading platforms and tools

tips_and_updates Did you know? Trading platforms comparison

Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.

Swissquote offers a highly recommended suite of trading platforms and tools, including MetaTrader 4 and 5, along with its proprietary platform. This makes it an excellent choice for traders looking for comprehensive and versatile trading solutions.

Trading platforms offered: MetaTrader 4, MetaTrader 5, TradingView, and a proprietary platform.

Trading tools: Extensive and versatile tools are available.

Copy trading: Swissquote offers copy trading.

Feature Swissquote logoSwissquote
Virtual Trading (Demo) info Yes
Proprietary Platform info Yes
Desktop Platform (Windows) info Yes
Web Platform info Yes
MetaTrader 4 (MT4) info Yes
MetaTrader 5 (MT5) info Yes
DupliTrade info No

Swissquote trading platform screenshots

Mobile trading apps at Swissquote

Swissquote offers highly recommended mobile trading apps, providing robust features and tools for on-the-go trading, making it a solid choice for investors.

Feature Swissquote logoSwissquote
Android App info Yes
Apple iOS App info Yes
Mobile Economic Calendar info Yes
Mobile Alerts - Basic Fields info Yes
Mobile Charting - Draw Trendlines info Yes
Mobile Watchlist info Yes

Swissquote mobile app screenshots

How do I open an account with Swissquote?

  1. Visit the Swissquote website.
  2. Click on "Open an Account".
  3. Fill in the required personal information.
  4. Verify your identity as per the instructions.
  5. Fund your account to start trading.

What can I trade at Swissquote?

Swissquote offers 78 forex pairs and 472 tradeable symbols in its eForex account, less than some other brokers with dedicated forex and CFD accounts. Its separate eTrading account option offers a vast range of products by comparison - more than three million.

Feature Swissquote logoSwissquote
Tradeable Symbols (Total) info 472
Forex Pairs (Total) info 80
Social Trading / Copy Trading info Yes
Cryptocurrency (Physical) info Yes
Cryptocurrency (Derivative) info No
Spread Betting info No

Swissquote research screenshots

Account funding at Swissquote

Swissquote supports multiple funding options, including bank wires, PayPal, credit cards, and Skrill. However, Neteller is not supported.

Feature Swissquote logoSwissquote
Visa/Mastercard (Credit/Debit) info Yes
Bank Wire (Deposit/Withdraw) info Yes
PayPal (Deposit/Withdraw) info Yes
Skrill (Deposit/Withdraw) info Yes
Neteller (Deposit/Withdraw) info No

About Swissquote

Swissquote, founded in 1996, is a well-established broker and banking group known for its comprehensive trading services and strong regulatory standing. It is publicly traded (SIX: SQN), runs three banks, and holds various key regulatory licenses, making it a trusted name in the forex and CFDs trading industry.

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At, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.

Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).

AI disclaimer

We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Learn more about our AI Policy and How We Test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Editorial Team provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for and Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for and He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

Jeff Anberg
Jeff Anberg

Jeff Anberg is a Staff Editor at and Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.