Swissquote is a renowned forex broker founded in 1996 with its headquarters in Switzerland. The platform is famous for its diversified online financial and trading services, covering stocks, bonds, futures, options, and forex markets. Swissquote not only offers trading services for individual investors but also provides advanced trading solutions for institutional and professional investors.
Company Background
Swissquote was founded by Marc Bürki and Paolo Buzzi in 1990, initially named Marvel Communications SA, focusing on the development of financial software and web applications. The company launched Swissquote in 1996, the first financial platform to offer free access to prices for all securities listed on the Swiss stock exchange. Swissquote's innovation and expansion strategy led to its successful listing in 2000, quickly becoming Switzerland's leading online financial and trading services platform. By introducing forex trading, online mortgages, and cryptocurrency trading, Swissquote significantly enhanced its market position and drove the democratization and modernization of financial services through technological innovations, such as launching finance-based games and multi-currency credit cards.
As a forex broker, Swissquote's domain name was registered on February 14, 1997, with the entity information being Swissquote Bank SA, headquartered in Gland, Switzerland. The company has branches or subsidiaries in regions such as Dubai, Hong Kong, London, Malta, Singapore, Luxembourg, Bucharest, and Cyprus, committed to providing a first-class trading experience and financial services to its global customer base. Swissquote's continuous development and innovation have not only achieved significant achievements and recognition in Switzerland but also internationally, proving its leadership position in the global financial services field and its profound impact on financial technology.
Regulatory Information
Swissquote is regulated by multiple regulatory authorities in different countries. Swissquote Bank SA is regulated by the Swiss Financial Market Supervisory Authority (FINMA); Swissquote MEA Ltd is regulated by the Dubai Financial Services Authority (DFSA) with the regulatory number F001438; Swissquote Asia Ltd is regulated by the Securities and Futures Commission of Hong Kong (SFC) with the regulatory number AZV127; Swissquote Ltd is regulated by the Financial Conduct Authority of the UK (FCA) with the regulatory number 562170; Swissquote Financial Services (Malta) Ltd is regulated by the Malta Financial Services Authority (MFSA); Swissquote Pte. Ltd is regulated by the Monetary Authority of Singapore (MAS); Swissquote Bank Europe SA is regulated by the Luxembourg Financial Sector Supervisory Commission (CSSF) with the regulatory number B00000324; Swissquote Capital Markets Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) with the regulatory number 422/22.
Trading Products
Swissquote primarily offers trading products such as securities, forex CFDs, and cryptocurrencies.
- Securities refer to financial instruments representing certain rights or values, typically company stocks or bonds. Holding securities means you become one of the issuers' shareholders or creditors, usually a company. Stocks represent a portion of ownership in the company and may entitle you to a share of the company's profits (through dividends or stock price appreciation). Bonds are a form of loan where the holder lends funds to the issuer in return for future repayment of the principal and interest.
- Forex CFDs are financial derivatives that allow investors to profit from the price fluctuations of the underlying forex market without actually owning the asset. Unlike traditional forex trading, CFDs enable investors to participate in trading without owning the actual currency assets. Investors sign contracts with brokers to profit or lose from the price movements of the underlying assets (such as currency pairs) based on their contract terms.
- Cryptocurrencies are a type of digital or virtual currency, secured by cryptography and without a central authority. One of the most well-known cryptocurrencies is Bitcoin, which utilizes blockchain technology to facilitate decentralized transactions. Cryptocurrency prices are influenced by a variety of factors including supply and demand, market sentiment, and technical factors.
Trading Software
Swissquote offers four types of trading software for users: CFXD, MT4, MT5, and FIX-API. Traders can choose the platform that best fits their needs and preferences for their trading activities.
- CFXD (Contract for Difference Exchange) is a trading platform specifically for trading forex CFDs. It provides a convenient way for traders to participate in the price fluctuations of the forex market through contracts for difference, without actually owning the currency assets. The CFXD platform typically offers real-time quotes, chart analysis tools, trading execution functions, and risk management tools to help traders make effective trading decisions.
- MT4 is a popular trading platform widely used in the forex market and for CFD trading. It offers a wealth of technical analysis tools, custom indicators, real-time quotes and charts, as well as automated trading facilities. The user interface of MT4 is friendly and supports multiple languages, making it one of the preferred platforms for many traders.
- MT5 is an upgraded version in the MetaTrader series, offering more features and improvements than MT4. In addition to forex and CFD trading, MT5 also supports stock, futures, and options trading. Its chart analysis tools are more powerful, with more technical indicators and chart types. MT5 also offers faster execution speeds and higher network security to meet the evolving trading demands.
- FIX-API is an application programming interface for financial information exchange, designed to provide efficient trading connections and data transmission for institutional traders. It allows traders to connect directly to exchanges or brokers' trading systems via customized applications, to carry out high-frequency trades or other automated strategies. FIX-API is typically used for institutional-level trading, offering faster execution speeds and lower latency.
Account Registration
The Swissquote official website provides a link for live account registration, with the registration method as follows:
First, open the Swissquote official website and click "Open your account" at the top right corner of the website.
Then, fill in the information step by step to complete the account registration.
Account Types
Swissquote offers four types of accounts for users: STANDARD, PREMIUM, PRIME, and PROFESSIONAL. The minimum deposit requirements for STANDARD, PREMIUM, PRIME are $1,000, $10,000, $50,000 respectively, while PROFESSIONAL is based on trading volume; the minimum spreads for STANDARD, PREMIUM, PRIME are 1.7, 1.4, 1.1 respectively, and PROFESSIONAL can customize their own spreads; the minimum trade sizes for STANDARD, PREMIUM, PRIME are 0.01, 0.1, 1 lots respectively, and PROFESSIONAL can customize their own minimum trade sizes; STANDARD, PREMIUM, PRIME standard leverage is 1:100, while PROFESSIONAL can customize their own standard leverage.
Deposit and Withdrawal Methods
Swissquote supports Wire Transfer and Visa/Mastercard as deposit and withdrawal methods, allowing users to choose based on their fund needs and convenience. Wire Transfer is suitable for quickly transferring large amounts of money, while Visa/Mastercard is widely accepted, offering credit lines and rewards.
Customer Support
Swissquote supports various contact methods, including phone support, email support, and online chat. Users can contact the customer support team directly and immediately through the telephone number +41 44 825 87 77, or send questions or requests to fx@swissquote.com.
Summary
Swissquote is a forex broker founded in 1996, headquartered in Switzerland, and has branches in multiple regions globally. As a leading financial services provider, Swissquote offers a diversified range of online trading services, covering stocks, bonds, futures, options, and forex markets. The company is regulated by multiple national regulatory authorities, ensuring trading security and transparency. Trading products include securities, forex CFDs, and cryptocurrencies, with trading software options like CFXD, MT4, MT5, and FIX-API for traders to choose from. Swissquote provides various account types, supports Wire Transfer and Visa/Mastercard as deposit and withdrawal methods, and offers customer support through phone, email, or online chat.
Currently, Swissquote is marked as "Active" on TraderKnows.
