Swissquote Bank Review
Swissquote Bank is a Switzerland forex broker and a major European bank . The company provides online currency trading to private traders and institutional investing companies. Besides trading currency pairs the broker provides other trading services and financial instruments like stocks, energies and commodities. The company was established in 2000, the headquarters are located in Gland, Switzerland. The company started its’ operation on the global financial markets as Advanced Currency Markets (ACM) and later has become a part of the Swissquote Group when the Switzerland Financial Market Supervisory Authority revoked a license from ACM. Besides Switzerland the broker has representative offices and sales centers in Zurich, Malta and Dubai, UAE. The broker has FINMA, DFSA, MFSA and MiFID regulation. The company is highly reliably and recognized by traders from all over the world and may surely be named an institutional broker and a prominent market maker.
Forex Swissquote Bank web site and client support service are available in multiple languages such as Chinese, English, French, German and Spanish. The customer support is available by Email, Phone and Live Chat (to use the Live Chat a client has to login to the broker’s website). The broker’s trading platforms are MetaTrader 4, WebTrader and Advanced trader , also optimized for mobile devices with IOS, Android and Windows mobile operating systems. The mobile versions of the platforms have full functionality. Swissquotes provides its’ customers with sixty currency pairs and precious metals trading. The broker does not provide trading on ECN accounts. The company’s services are not available for the United States citizens.
Trading accounts at Swissquote start from $1000 with leverage 100:1. The demo account is also available. Margin rates range up to 4.50%. The maximum leverage in mt4 is 200:1. Such quick trading strategy as scalping is available with the broker. The pip spread is variable and depends on starting deposit, global news, market conditions and the size of the transaction. The company lets the customers use automated trading systems, e.g. in MetaTrader 4. Besides MetaTrader the broker provides Advanced Trader, another trading software which is highly customizable and user-friendly.
The client support team of Swissquote FX is equipped with devoted personnel always ready to help the customers with their needs and issues. The broker provides very comfortable trading conditions for secure and successful trading. The company offers safe and profitable forex trading based on reliable regulation.
Swissquote Bank trading information
|Minimum position size||0.01|
|Pip spread on majors||1.5|
|Standard account, $||1000|
|Micro account, $||1000|
|Popular payment methods||PayPal, Wire Transfer|
|Account currencies||USD, CHF, EUR, GBP, JPY, HKD, CAD, AUD|
|Languages||English, German, French, Italian, Spanish, Arabic, Russian, Chinese|
|Platforms||Advanced Trader, Web Trader, Mobile Trader, Metatrader 4|
|Regulation||FINMA, MFSA, DFSA|