Swissquote Review

Multi-asset investors who want bank-based access

CSSF ECB CySEC

Founded 1996 · Luxembourg · Swissquote group

Why investors choose this broker

27-currency account gives multi-currency flexibility
Trading commissions start from 0.10% per trade
41 cryptos trade on the Swissquote-developed SQX exchange
Smart Portfolios support EUR, GBP and USD risk profiles

Review summary

Swissquote offers bank-based investing, crypto, Smart Portfolios and Forex/CFDs through digital platforms, with a 27-currency account.

Pros

27-currency account gives multi-currency flexibility
Trading commissions start from 0.10% per trade
41 cryptos trade on the Swissquote-developed SQX exchange
Smart Portfolios support EUR, GBP and USD risk profiles
Cash protection is listed up to EUR 100'000
Free demo account is available for Forex and CFDs
Forex/CFD costs are included in spreads

Cons

Forex & CFD account excludes Retail investors
Smart Portfolios require EUR/USD/GBP 5'000 minimum
Life insurance management fees start from 0.25%
Life insurance custodian fees start from 0.06%
Life insurance share or ETF trades start from €14.95

Company background

Swissquote is a digital investing and banking group founded in Switzerland in 1996. Swissquote Bank Europe is the EU bank of the Swissquote group and is based in Luxembourg. Its trading account combines a multi-currency account with investment access across stocks, ETFs, funds, precious metals, structured products, options, futures and cryptocurrencies. The website also describes Forex and CFD services, Smart Portfolios, life insurance accounts and institutional accounts.

Fees and pricing

The trading account lists low trading commissions from 0.10% per trade. For Forex and CFD trading, Swissquote says all trading costs are included in the spreads, with no hidden fees. Smart Portfolios require a minimum funding amount of EUR/USD/GBP 5'000. Life insurance pricing is listed separately, with management fees from 0.25%, custodian fees from 0.06% and share or ETF transactions from €14.95.

Regulation and safety

Swissquote Bank Europe has full bank status and is regulated by the CSSF under the oversight of the European Central Bank. It is a member of the FGDL Deposit Guarantee Scheme, and the Luxembourg page says cash is protected up to EUR 100'000. Forex and CFD products in the EU are offered by Swissquote Capital Markets Ltd, regulated by CySEC.

Platform experience

Swissquote provides web and mobile access through the Swissquote app, Client Portal and eTrading. Forex and CFD users can access MetaTrader 5, and the wider EU site also refers to CFXD, TradingView, MetaTrader 4 and MetaTrader 5. The platform material highlights analysis and charting tools, automated trading capabilities, plug-ins and a free demo account for Forex and CFD trading.

Pros and cons

Swissquote is strongest for investors who want bank-based access to multiple asset classes, a 27-currency account and regulated investment services. Its stated pricing includes trading commissions from 0.10% per trade and spread-based Forex and CFD costs. The main limitations are the EUR/USD/GBP 5'000 Smart Portfolios minimum, explicit life insurance fees and the restriction that the Luxembourg Forex and CFD account is limited to Professional Clients or Eligible Counterparties.

Ready to open an account at Swissquote?

Open an account directly with the broker. Confirm current fees and account eligibility on the broker's website before depositing.

Open Account

Your capital is at risk. Other fees apply.

Trading fees & commissions

Trading account commissions are listed from 0.10% per trade. Forex and CFD trading costs are included in the spreads, and Smart Portfolios require minimum funding of EUR/USD/GBP 5'000. Life insurance pricing includes management fees from 0.25%, custodian fees from 0.06% and share or ETF transactions from €14.95.

Fees

Item	Fee
Forex Cfds	All trading costs are included in the spreads - no hidden fees
Trading Commissions	from 0.10% per trade
Smart Portfolios Min Deposit	minimum EUR/USD/GBP 5'000
Life Insurance Custodian Fees	from 0.06%
Life Insurance Management Fees	from 0.25%
Life Insurance Share Etf Transaction	From €14.95 per share or ETF transaction

Trading platform & features

Platforms

Swissquote app
Client Portal
eTrading
CFXD
MT4
MT5
TradingView
SQX

Regulation and investor protection

Swissquote Bank Europe has full bank status and is regulated by the CSSF under the oversight of the European Central Bank. It is a member of the FGDL Deposit Guarantee Scheme, and the Luxembourg page says cash is protected up to EUR 100'000. Swissquote Capital Markets Ltd is regulated by CySEC for EU Forex and CFD products.

Broker FAQs

Is Swissquote safe?

Swissquote Bank Europe has full bank status and is regulated by the CSSF under the oversight of the European Central Bank. The Luxembourg page says cash is protected up to EUR 100'000.

Is Swissquote a scam?

No. Swissquote Bank Europe has full bank status, is regulated by the CSSF and is a member of the FGDL Deposit Guarantee Scheme. Swissquote Capital Markets Ltd is regulated by CySEC for EU Forex and CFD products.

Is Swissquote regulated and by whom?

Swissquote Bank Europe is regulated by the CSSF under the oversight of the European Central Bank. Swissquote Capital Markets Ltd is regulated by CySEC.

What happens to my cash if Swissquote goes bankrupt?

Swissquote Bank Europe is a member of the FGDL Deposit Guarantee Scheme. The Luxembourg page says cash is protected up to EUR 100'000.

What products does Swissquote offer?

Swissquote lists stocks, ETFs, funds, precious metals, structured products, options, futures and cryptocurrencies for its trading account. It also describes Forex and CFDs, Smart Portfolios, life insurance accounts and institutional accounts.

Does Swissquote offer ETFs?

Yes. ETFs are listed as part of the Swissquote trading account product range and are also mentioned in the life insurance investment universe.

Does Swissquote offer crypto?

Yes. Swissquote lists cryptocurrencies in its trading account and describes 41 cryptos available to trade on the Swissquote-developed SQX exchange.

Does Swissquote offer options?

Yes. Options are listed among the products available through the Swissquote trading account.

What does Swissquote charge for trades?

The trading account lists commissions from 0.10% per trade. Life insurance share and ETF transactions are listed from €14.95.

Are there hidden fees at Swissquote?

For Forex and CFD trading, Swissquote says all trading costs are included in the spreads, with no hidden fees. Other listed fees include trading commissions from 0.10% per trade and Smart Portfolios minimum funding of EUR/USD/GBP 5'000.

What is the minimum deposit at Swissquote?

Swissquote Smart Portfolios require minimum funding of EUR/USD/GBP 5'000. A general trading account minimum deposit is not given in the provided material.

Does Swissquote have a demo account?

Yes. Swissquote promotes a free demo account for Forex and CFD trading.

Does Swissquote have a mobile app?

Yes. The website links to the Swissquote app through the App Store and Google Play.

How do I open an account at Swissquote?

Swissquote describes a three-step process: fill out the signup form, provide identification documents and fund the account.

What platforms does Swissquote offer?

Swissquote lists the Swissquote app, Client Portal, eTrading, CFXD, TradingView, MetaTrader 4 and MetaTrader 5. Crypto trading is described on the Swissquote-developed SQX exchange.

Does Swissquote offer Forex and CFDs?

Yes. Swissquote offers Forex and CFD products, but the Luxembourg Forex and CFD account is limited to Professional Clients or Eligible Counterparties and is not available to Retail investors.

Is Swissquote good for long-term investing?

Swissquote Smart Portfolios are described as designed to put investments on track for the long term. They let clients choose a risk profile and a currency in EUR, GBP or USD.

Bottom line

Swissquote suits investors who want bank-based access to securities, crypto, multi-currency accounts and platform choice. It may not suit Retail investors looking for Luxembourg Forex and CFD access or users who want a lower Smart Portfolios minimum.

Swissquote

Multi-asset investors who want bank-based access

Open Account

Your capital is at risk. Other fees apply.