SwissQuote review and ratings

Established 2000
Location UK Switzerland Malta UAE Singapore Hong Kong
Regulation FINMA, FCA, MFSA, DFSA, MAS, SFC
Offices Zurich, Bern, London, Malta, Dubai, Singapore, Hong Kong, Luxembourg
Broker type STP | ECN
Leverage up to 1:100 (1:30 for EU clients)
Deposit from 1000 USD
Spreads mid  mid
Platforms Web MetaTrader 4 MetaTrader 5 Specific FIX API (protocol)
Instruments Currencies Crypto Indices Metals Energies Stocks Bonds ETFs
Funding methods Wire Transfer Credit Cards

Company information

SwissQuote group includes 6 related companies.

SwissQuote Bank CH - located in Switzerland, regulated by the Financial Market Supervisory Authority (FINMA).
SwissQuote UK - located in the United Kingdom, regulated by the Financial Conduct Authority (FCA).
SwissQuote MT - located in Malta, regulated by the Malta Financial Services Authority (MFSA).
SwissQuote UAE - located in the United Arab Emirates, regulated by the Dubai Financial Services Authority (DFSA).
SwissQuote SG - located in Singapore, authorized by the Monetary Authority of Singapore (MAS).
SwissQuote HK - located in Hong Kong, regulated by the Securities & Futures Commission (SFC).

Be aware, UK company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.

Availability

SwissQuote group accepts clients from all over the world, excluding USA, Canada, Brazil, Singapore, Japan and Malaysia.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

80+ Currency Pairs Based on major and minor world currencies.
10 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple.
9 Indice Cash CFDs Based on baskets of different blue-chip stocks.
13 Indice Forwards Based on baskets of different blue-chip stocks.
12 Metal Spot CFDs Based on Gold, Silver, Platinum and Palladium.
1 Metal Forward Based on Copper.
6 Energy Forwards Based on Crude Oil (WTI, Brent), Heating Oil, Gas Oil, Gasoline and Natural Gas.
3 Bond Forwards Based on US, UK and German government securities.
8500+ Stock CFDs Based on shares of AU, US, CA, UK and EU companies.
800+ ETF CFDs Based on exchange-traded funds containing various tradable assets.

Cryptocurrencies, Stocks and ETFs are available at eTrading platform.

Comprehensive review

Set up all the way back in year 2000, SwissQuote is today one of the leading Swiss banking groups, with a special focus on online banking and trading services. The company is publicly traded in Switzerland, and has offices in several of the major European, Middle Eastern, and Asian financial centers like London, Dubai, and Hong Kong. In recent years, the company has become well-known partly because of its high-profile partnership with the football club Manchester United.

SwissQuote is today regulated in several of the jurisdictions where it is operating, which means that it is overseen by some of the leading regulatory agencies in the world, including the Swiss Financial Market Supervisory Authority (FINMA) and the UK’s Financial Conduct Authority (FCA). However, the broker also has local entities regulated in other less stringent jurisdictions to ensure non-EU traders get to take advantage of the more flexible leverage and trading conditions that these jurisdictions allow for.

First and foremost, SwissQuote stands out for its very large selection of trading instruments, including more than 8,500 individual stocks and more than 800 exchange traded funds (ETFs). In addition to this comes a nice selection of forex pairs, 10 of the most popular cryptocurrency pairs, government bonds, and a long range of commodity CFDs.

The trading instruments are divided between the various trading platforms offered by the broker. In order to trade forex, indices, and commodity CFDs, customers will need to sign up for the MetaTrader 4 or 5, or the company’s own proprietary Advanced Trader platform. All of this is found under the “Forex” section of the broker’s website.

However, to trade ETFs, individual stocks, and cryptocurrencies, traders should instead sign up with the eTrading platform offered by the broker. This is separate from forex and CFD trading, and is instead found under the “Trading” section of the website.

A unique extra benefit with SwissQuote is its “Robo-Advisory” service, which essentially work as an automated asset manager that suggests assets an investor should add to his or her portfolio based on each individual’s risk appetite and time horizon. This mimics what is available from major investment banks and so-called quant funds, except that it is offered at a much lower cost and in a more transparent way than what would normally be available from those other players.

The broker also offers several free webinars for its customers where it covers things like how to build an ideal portfolio with investments across multiple asset classes, as well as courses on both technical and fundamental analysis. Unfortunately, many of the webinars are offered in German and French only, and is not available in English.

As a large publicly traded company, we expect the highest level of customer service from a broker like SwissQuote. And the company also does its best to live up to this expectation from its clients, with dedicated phone numbers and email addresses available depending on the nature of the request. Working hours for the forex trading department is from 0900 to 1800 CET time Monday to Friday, while stock trading customer care is open from 0800 to 2200 CET. In addition, the broker has a dedicated hotline to the FX trading desk that is open 24 hours a day on trading days, where clients can call in to place trades on forex, CFDs, and cryptocurrencies.

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