Swissquote
Comprehensive overview of Swissquote
Swissquote, a well-known broker, stands out with its reputation for reliability, particularly appealing in the Russian-speaking online community amidst concerns about fraudulent companies. Operating since 1990, Swissquote is recognized as a top online forex broker, offering a diverse range of financial and trading services. The platform boasts a wide selection of currency pairs and CFDs, featuring 130 instruments.
Exploring the History of Swissquote
Establishment: In 1990, Marc Bürki and Paolo Buzzi established Marvel Communications SA, specializing in financial software. The Swissquote platform emerged six years later from this venture, facilitating access to securities prices.
Regulatory Oversight: Swissquote acquired a banking license in 2000 and operates under the supervision of the Swiss Financial Market Supervisory Authority (FINMA). Additionally, the company holds licenses in the UK, the UAE, Hong Kong, Malta, and Singapore.
Location: While the company’s headquarters are situated in Gland, Switzerland, client services are extended to Zurich and various other locations, with no physical presence in Russia.
Contact Information: Clients can reach customer support via live chat on the official website or by dialing +41 44 825 88 85 (Switzerland code).
Trading Platforms: Swissquote offers a choice between the Advanced Trader software and MetaTrader 4/5 platforms, accompanied by an array of technical tools tailored for traders.
Trading Conditions Offered by Swissquote
Traders can engage in transactions involving currency pairs, metals, stock indices, commodities, and bonds. Swissquote presents four account types: Standard, Premium, Prime, and Professional, each with distinct conditions and deposit prerequisites. The minimum deposit requirement for a Standard account stands at $1,000.
Swissquote supports leverages up to 1:100, maintains 100% margin support, enforces a 30% stop-out level, permits the utilization of expert advisors and HFT strategies.
The broker extends the option of a demo account furnished with 100,000 units of virtual currency for simulated trading, as well as a personalized IBAN for transactional convenience.
User Feedback on Swissquote Broker
Serving a clientele of 360,000 individuals worldwide, Swissquote garners a mix of positive and negative reviews from Russian-speaking traders. While some laud the company’s trustworthiness, others critique the support services provided.
Your input on Swissquote holds significance. Share your personal encounters with this broker to aid fellow users in making well-informed decisions regarding collaboration.
This review has been prepared by the specialists at ExpertsReview.