Slippage is the difference between the price at which the order has been placed and the price at which it has been executed by the broker. The less slippage you get, the better your trading results will be.
Our slippage data about Swissquote is sampled by 10 of the most popular forex trading strategies in Zulutrade.com.
Kama-spot is a forex trading strategy, based on technical analysis. It trades mainly EUR/USD, GBP/USD and USD/CHF
Average profit: 14.0 pips
Average trade lifespan: 19 hours
Most traded pairs: EUR/USD, GBP/USD and USD/CHF
Average profit: 16.0 pips
Average trade lifespan: 1 day
Average pips/trade: 5.0
Average trade lifespan: 18 hours
Average pips/trade: 9.0 pips
Average trade lifespan: 1 day
|Account type||Minimum deposit||Minimum trade size||Maximum leverage||Min. Spreads|
|Standard||$1||0.01||1:100||from 1.8 pips on EUR/USD|
|Premium||$25,000||0,1||1:100||from 1.6 pip on EUR/USD|
|Prime||$100,000||0,1||1:100||from 1.3 pip on EUR/USD|
Like most brokers, Swissquote offers its clients a choice of several account types. The standard account is suitable for regular and inexperienced traders, while the other two are tailored to professional and high-volume traders.
There are micro lots available for trade, as well as practice accounts, which are always appreciated by newbies. Yet, there is no Islamic (swap-free) service available to Muslim clients with this broker.
Swissquote was founded back in 1996 and today it ranks among the top 10 online forex brokers in the world, empowering over 200,000 private and institutional clients to trade a wide range of currency pairs, commodities and indices.
Swissquote is a brand of Swissquote Bank Ltd., a recognised public bank regulated by the Swiss Financial Market Supervisory Authority (FINMA) and part of the International Swissquote Group. The Group currently employs over 500 staff and also has offices in Dubai, London, Malta and Hong Kong to serve customers in over 120 countries. Swissquote Group Holding Ltd (SQN) is listed on the SIX Swiss Exchange.
Furthermore, the Swissquote Group has set up an UK subsidiary, Swissquote Ltd., which holds a FCA license and provides online forex, commodities and stock indices trading services for traders based in the European Union.
As Swiss brokers are required to hold a banking license and therefore, to meet draconian requirements, there is no doubt that Swissquote is a solid and reliable broker in terms of safety and security of clients’ funds.
Swissquote Bank Ltd., operating as is Swissquote, is actually among the few companies (except Dukascopy Bank SA) holding a banking license from the Swiss Financial Market Supervisory Authority (FINMA).
FINMA requires licensed companies to hold net tangible assets of CHF 20 million. What is more, under the Swiss Banks and Securities Dealers agreement, all customer deposits of Swiss regulated brokers are protected up to CHF 100,000, in the unlikely event of bank default.
Minimum Initial Deposit
There is no minimum initial deposit with Swissquote, which makes this broker quite attractive and accessible for all kinds of traders. In fact, one may access the deep liquidity provided by the Swissquote bank with just 1 USD /EUR /CHF. In comparison, Ducascopy, the only other regulated Swiss broker, demands $ 5,000 from its clients as a start.
Average Spreads & Commissions
Swissquote offers variable spreads, starting from to 1.8 pips on EUR/USD (on the Standard account), which is a comparatively high value, however the broker charges no commission.
In comparison, Dukascopy offers variable spreads from 0.1 pips on EUR/USD, however a commission fee applies, ranging from $10 to $35 per lot round turn, depending on the volume traded.
For further information, you may look up real-time spreads of 15 leading brokers here.
Swissquote offers traders maximum leverage of 1:100, which is considered a low ratio for the market. The broker even advises inexperienced traders to use leverage lower than this on its website, because higher leverage involves higher risk, not only the probability of multiplied profits earned on a relatively small deposit.
In comparison, Dukascopy provides its clients with a maximum leverage of 1:200. If you need higher leverage, here is a list of forex brokers offering leverage equal to or exceeding 1:500.
The trading platforms you can choose between with Swissquote are Metatrader 4 (MT4), MetaTrader 5 and AdvancedTrader.
Regarded as the industry standard trading platform, MT4 is preferred by most experienced traders for its innovative, on the go trading capabilities, advanced charting, extensive back-testing environment and automated trade options with Expert Advisor strategies (EA). Not to mention its fast and user-friendly technology, designed to let you trade with ease. Here is a list of more forex brokers offering MT4 platform.
The MT5, on the other hand, was developed and marketed as an improvement on MT4, yet many brokers still prefer the earlier technology, since MT5 does not support all MT4’s indicators and EAs.
You may look up more brokers supporting the MT5 here.
AdvancedTrader is Swissquote’s proprietary platform, available as desktop, web and mobile versions. It is user friendly and easy to switch from one version to another, yet one may not trade CFDs on it and EAs are not supported.
Clients of Swissquote can make deposits to and withdrawals from their accounts via bank wire, credit cards (Visa, MasterCard), and China UnionPay.
Heavily regulated and very reputable broker, as well as a bank, Swissquote offers online trading in a variety of financial instruments under typical trading conditions through a variety of platforms. To sum up the above, here are the Pros and Cons with regards to this broker:
|Very well-regulated||Market Maker model|
|Variety of platforms offered||Low leverage levels|
|No minimum deposit required|
FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $1 and take advantage of tight fixed and variable spreads, 1:1000 leverage and swap-free accounts.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
Grand Capital is a MT4 forex broker, offering $500 no deposit bonus and 40% bonus on all deposits.
Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
|Cyprus||CySec||MT4, MT5, Web||$5||Review Website|
|US, UK, Australia||CFTC/NFA, FCA, ASIC||MT4, Web,
|UK, Australia, Singapore||FCA||MT4, Web,
|UK, Cyprus||FCA, CySec||MT4||$5||Review Website|
|UK, Cyprus||FCA, CySEC||MT4, MT5, Web,
|UK, Bulgaria||FCA, FSC||Web||$150||Review Website|
|Belize||IFSC||MT4, MT5||$100||Review Website|
|Cyprus||CySEC||MT4, MT5||$300||Review Website|
|New Zealand||FMA||MT4||$1000||Review Website|
|Belize||IFSC||MT4, Web||$500||Review Website|