Review: Swissquote Trading Broker

Today, we bring you a detailed unbiased review of the popular broker, Swissquote. This review aims to provide traders with an in-depth understanding of the broker's services, features, and other significant details.

Broker Overview

Swissquote, founded in 1996, has been offering online trading services since 2008. The company operates under the Swissquote Group Holding SA, and has subsidiary branches, Swissquote Financial Services (Malta) Ltd, Swissquote Asia Ltd. Regulated by relevant authorities, Swissquote has earned a good reputation as a reliable and professional broker in the trading field.

Account Size & Position Size

Swissquote requires a minimum account size of $1,000, which might seem a bit steep for beginners, but experienced traders who want to invest larger sums may find this very reasonable. It's important to note here that a larger account also means more trading opportunities and potential profits. As for position size, Swissquote allows a minimum position size of 0.1. This offers flexibility for all traders as they can manage their capital effectively.

Regulation

One of the significant features of Swissquote is its serious compliance with regulation. Their adherence to strict legal directive ensures that traders’ funds are safe, secure and professionally managed. Traders need not worry about the broker scamming them or manipulating market conditions as they have a solid reputation of operating within the law.

Trading Spread & Leverage

Swissquote offers low spreads, which is ideal for traders who want to minimize their trading costs. Meanwhile, the broker has not disclosed its maximum leverage. This can be seen as a positive or a negative, depending on the trader's perspective. Some traders might appreciate the secrecy as an opportunity for negotiation, while others might prefer a clear indication of leverage to manage risks better.

Trade Features

A couple of noteworthy features offered by Swissquote include the option of trading by phone and free education. Trading by phone is a user-friendly feature for those who prefer doing business verbally or are not comfortable with online platforms. The free education feature is a boon for both new and experienced traders who are always on the lookout for up-to-date trading information and strategies.

Acceptance of US Traders

A point to note is that Swissquote does not accommodate US traders. This might discourage American traders who are interested in the broker's features, but it is a relatively common practice in the brokerage industry due to US regulation.

Average Rating

Although the broker's average rating is not provided, Swissquote occupies a top position in the trading sector due to its dedication to offering quality services and its keen interest in trader's progress and prosperity.

In conclusion, with a low spread, serious regulation, and a minimum position size of 0.1, Swissquote assures a reliable platform for traders. However, the minimum account size of $1,000 and the non-acceptance of US traders might not appeal to all. As always, we advise traders to go through the specific terms and conditions of the broker, and understand the requirements fully before committing.