Swissquote Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?
Swissquote - It's a Swiss bank that offers an online trading platform for forex and CFD trading.
Yes, this broker's official website and app are legit, safe and trustworthy for UAE citizens and residents.
Swissquote UAE has decent reviews on Reddit and Quora, including satisfactory ratings on sites like Trustpilot. Thus, overall this broker is considered reliable for online trading of currencies, cryptocurrencies, CFDs and stocks.
SQN (SWK: SQN) is a Swiss banking group and one of Switzerland's top
suppliers of online foreign exchange (forex) trading and financial services. It
was founded in 1996 in Gland, Switzerland. To date, the stock has traded under
the ticker code SQN since its initial public offering in May of 2000.
Tweets by Swissquote Customers throughout Europe and the Asia-Pacific area may access Swissquote's extensive range of financial products and services from anywhere in these regions. Bern and Zürich, Switzerland, London, Luxembourg, Malta, Dubai, Hong Kong, and Singapore are among locations where the corporation has offices. It has a workforce of 952 employees.
As a Swissquote customer, you have access to a vast array of resources to trade foreign currencies and other assets, as well as a wide range of research tools.
Short-term speculation on a margin account with an online forex broker is the norm for retail forex traders. Trades may be made in a range of currencies, cryptocurrencies, equities, and other contracts for difference on the Swissquote online trading platform provided by the Swiss banking group.
Investors with long-term international interests may use a forex portfolio of currency holdings to protect against currency risk. For hedging commercial currency risks and currency futures and options contracts, Swissquote FX accounts may also be employed.
Swissquote has four distinct private accounts for ordinary traders, as well as two separate corporate accounts for larger institutions and hedge funds. Swissquotes has a wide variety of account options that may be tailored to your specific trading or investing objectives.
Clients may trade 3 million financial items listed on 60 foreign stock exchanges with Swissquotes' basic account.
It offers access to more than 130 forex and CFD products, including Forex options, on MetaTrader 4 and 5 as well as Swissquote's proprietary Advance Trader interface. The greatest trading ideas may also be found by using the premium plugins and other tools that are available to you.
There has never been anything like this in Switzerland before; it's the first of its type in the world. Depending on your investing strategy and portfolio, it may be tailored to your needs.
Swissquotes offers low-cost trading of 27 popular cryptocurrencies. You may also trade a variety of other types of crypto-assets to broaden the scope of your portfolio.
These accounts allow asset managers to tailor their services to their customers' specific requirements, like Swissquote Professionals. You may call Swissquote directly at +41 44 825 89 90 to learn more about this account type.
Regardless of the size of your company, Swissquote has an account for you. A Swiss International Bank Account Number (IBAN) is provided to companies with this account type, allowing them to transact in many currencies throughout the world. A Level 3 system link and a wider variety of analytical tools, such as equities and portfolio analyzers, Warrant Chooser, Fund Finder, Fund Optimizer and Order Book services are also available to companies.
There are a wide range of trading platforms and plugins available at Swissquote, which you may utilise to enhance your trading. A few of the Swissquote's tools are:
Traders with greater experience may take use of Swissquote's own trading platform, which comes equipped with more than 50 sophisticated charting tools, over 80 technical indicators, and TradingView's synchronised layout for multiple charts. Desktop and mobile versions of the platform are available. The platform's components may all be dragged and dropped to create a bespoke user interface. In addition, you may create your own watchlist and configure charts, drawing tools, and indicators to suit your needs.
For electronic trading, the Financial Information Exchange (FIX) protocol provides an international standard. The protocol was designed to improve communication among market players. In order to exchange data with Swissquote's servers, you may use Swissquote's application programming interface (API), which can be integrated into your trading platform. Swissquote's huge liquidity pools and high-speed connections are made available to customers through the protocol.
For retail traders, MetaTrader 4 and 5 (MT4/5) are the most widely used online trading platforms for conducting FX and CFD trades. MT4/5 and Swissquote work together in unison to provide lightning-fast trade execution and unrivalled liquidity. It is possible to utilise these platforms for social trading as well as trade automation via the use of expert advisor add-ons (EAs).
The MetaTrader Master Edition plugin from Swissquote may be used to improve your MetaTrader platform. Clients of Swissquote may use the plugin for free, which includes a correlation matrix, two trading terminals, and 12 advanced tools and 15 additional indicators. At no additional charge, Swissquotes offers the Trading Central (TC) MT5 plug-in for free. Adaptive candlesticks and an adaptive divergence convergence (ADC) indicator are included in this award-winning plugin. With the TC plugin, you'll have access to a daily market report and pattern-recognition algorithms that may help you construct your trading strategies in real-time.
Trade alerts and factual analysis are both available through Autochartist, a useful technical analysis tool. Automated scanning of the markets by the Autochartist search engine identifies and notifies you of trade setups in your chosen currency pair and other tradable assets automatically. Technical analysis approaches such as important support and resistance levels, classic chart patterns and Fibonacci levels are used to give notifications to users of the programme.
A live chat option on the Swissquote website allows customers to communicate with a Swissquote representative in more than ten different languages. There are telephone numbers for the company's worldwide headquarters in Switzerland, Middle East offices in United Arab Emirate, Asia offices in Hong Kong and Singapore, as well as offices across the world.
Swissquote's Client Hotline, which links to its FX dealing desk and payment card support desk, also provides customer care. Monday through Friday, 8 a.m. to 10 p.m. Central European time, the international help centre is open (CET). However, the client hotline is open 24 hours a day, seven days a week, from Sunday at 11 p.m. through Friday at 11 p.m. CET. Other customer service hours vary based on the office location. Twitter, Instagram, LinkedIn, Facebook, and YouTube are all places where you may connect with Swissquote through social media.
A reduction in transaction and account management costs is made possible by Swissquote's emphasis on technology and transaction automation. A transaction fee of 9 Swiss Francs (CHF) is charged for most tradeable assets.
Forex transactions do not pay any charges; nevertheless, the dealing spreads and minimum deposit amounts vary based on the kind of account that you operate in.
Forex dealing spreads start at 1.7 pips, while stock fees start at 0.15 percent of the trading value. The minimum deposit for this account is $1,000.
Premium: This kind of account requires a minimum of $10,000 and offers FX trading spreads as low as 1.4 pips and stock fees as low as 0.12% of the transaction value.
Forex dealing spreads start at 1.1 pips and stock fees start at 0.09 percent of the trading amount for this account type.
Swissquote's comprehensive price schedule may be downloaded to see a more thorough commission chart.
There is also a library of instructional materials, including an online journal and market webinars.
Swissquote's Swiss DOTS platform allows you to trade over 90,000 OTC derivative products directly with the issuer. Traders may benefit from Swissquote's 27 cryptocurrencies, including Bitcoin (CRYPTO: BTC), Litecoin (CRYPTO: LTE), Ethereum (CRYPTO: ETH), Ripple (CRYPTO: XRP) and Stellar (CRYPTO: XLM). In addition to trading CFDs on crypto assets, you may store and trade genuine crypto assets in your Swissquote wallet.
With Swissquote's Themes Trading service, you may choose from a variety of dynamic themed portfolios for your trading needs and preferences. All Swissquote themes trading certificates are made up of professionally chosen stock and asset portfolios. A Smart Contracts platform, Cannabis 2.0, Global Recycling, and eMobility are examples of Themes trading certificates.
A great trading experience is available to traders of all skill levels thanks to Swissquote's superb proprietary Advance Trader platform and its support of the main MetaTrader trading platforms. The platforms are very user-friendly and can be learnt in a short period of time by novices.
To the more experienced trader, the Advance Trader platform has a lot to offer, including TradingView's customisable charting tool, Swissquote's substantial market liquidity, and its lightning-fast trade executions.
For the most part, Swissquote's amazing user experience is something that other online platforms would be hard-pressed to equal, much alone surpass.
Overall, Swissquote is deserving of a 5-star rating for its exceptional quality, despite the fact that fees charged by Swissquote are somewhat more than those charged by other highly competitive online trading services. Because of Swissquote's vast selection of high-quality services and tradeable assets for traders of all skill levels, the company received the highest possible grade in this evaluation.
If you want to leave Swissquote, how do you do it? Withdrawals from Swissquote are limited to bank transfers, which take one business day to process. In order to withdraw money from Swissquote, you will be charged 2 Swiss francs, 2 euros, or $10.
To answer the question, "Can you trade with Swissquote?" As a leading online trading platform for many different tradable assets, Swissquote also provides a wealth of market research and instructional materials for traders of all skill levels.
Swissquote Bank UK is a subsidiary of Swissquote Bank Ltd. and is based in London. The Financial Conduct Authority (FCA) has regulated and approved Swissquote broker since 1996. There are more than 160 products available for trading on the award-winning broker platforms, which include MT4, M5, and the proprietary platform with more than 330,000 users across the globe.
Financial and counselling services are provided by the Swissquote Group Holding Ltd, which is listed on SIX Swiss Exchange. There are offices in Asia, the UAE, the UK, and Europe for this multi-asset broker, which runs two banks.
Among the topics covered in this evaluation of Swissquote are the platform's features and services; rules; pros and disadvantages; trading and investing platforms; complicated products; trading charges; kinds of accounts; and much more.
Swissquote was founded in London in 2000 and has since become one of the most popular online financial and credit service providers in the industry. There are offices in Switzerland (Gland), London (London), Bern (Bern), Zurich (Zürich), Dubai (Dubai), Malta (Malta), Singapore, and Hong Kong. Publicly traded internet broker, Swissquote. On the SIX Swiss Exchange, it's known as Swissquote Group Holding Ltd., and it's also listed on the SQN.
In contrast to other brokers, Swissquote is regulated by the UK Financial Conduct Authority (FCA), the Swiss Financial Market Supervisory Authority (FINMA), Dubai Financial Services Authority (DFSA), and the Securities And Futures Commission (SFC) of the United Arab Emirates (SFC).
Swissquote offers money, derivative products, bonds, FX, CFDs, cryptocurrency, and stock trading, Robo-advisory, and mortgage solutions. " Traders may easily access more than 60 worldwide stock exchange platforms and 3 million items on their secure and trustworthy trading platforms, which have more than 330,000 registered users.
Stocks, futures funds, and options trading are offered by the Swiss branch of Swissquote; the UK branch solely provides FX and CFD products. This trading platform, Swissquote, has access to the FSCS and Esisuisse money protection, making it a good alternative for investors and traders to trade forex and CFDs.
One of the greatest online trading experiences is provided by Swissquote's in-house trading platform Advance Trader, as well as the MetaTrader platforms and several account kinds available. Customizability abounds on the in-house platform. The easy-to-navigate UI features a neat design. Synthetic CFDs may be traded alongside other financial products at this broker. Smart features on Swissquote systems are primarily aimed to identify patterns.
This makes Swissquote one of the finest brokers with sophisticated charting tools for novices with little or no expertise in chart pattern analysis. ' In addition, the broker provides a Robo-advisory service, which has been well accepted by clients. 8 periods, 17 overlays, 27 indicators and complicated market orders like OCO (Order Cancels Other) and If Done are available at Swissquote. Additionally, the platform offers a hedging tool that may be used at any time.
When a company is insolvent, Swissquote provides deposit and negative balance protection of up to 8500 GBP. Only retail accounts created in the European Union are eligible for the multi-asset offering of negative bank account balance protection for trading CFDs and FX spot. Non-European Union and professional customers are not pleased with this.
Swissquote customers may leverage products up to 30:1 for forex, 24:1 index CFDs and precious metals, 10:1 for commodities CFDs, and 5:1 for bonds. A greater degree of leverage enables traders to increase the size of their holdings by using borrowed money. Traders should employ modest leverage until they are entirely comfortable with their investing approach.
The Swissquote customer care staff is available from 8 a.m. to 8 p.m. Monday through Friday (UK time). High-quality assistance and practical answers are provided on a broad range of issues, including how to access platform APIs and how to recover lost passwords. Customer service representatives are available by email, live chat, phone, or in person at the company's UK headquarters.
Our investigation shows that Swissquote is regulated and approved in the United Kingdom by the Financial Conduct Authority (FCA) under reference number 562170, according to our Swissquote study. Swissquote, like most of the finest forex brokers, offers deposit protection of up to 8500 GBP in the event of a negative balance. There are multiple branches of Swissquote MEA Ltd that provide a wide variety of financial services to institutional and retail customers from offices in various locations across the world.
The Thomson Reuters Lipper Fund Award 2016 recognised Swissquote as one of the top performing equities funds over a three-year period. Best Swiss Online Broker Award 2001 went to this broker.
Over 330,000 customers throughout the globe use Swissquote registered brokers to trade and invest in more than 160 forex and CFD financial products.
All traders should take use of Swissquote's wide variety of services, regardless of their expertise level. Investors may use Swissquote's Expert Advisors (EAs), simple training videos, and minimal leverage on ordinary financial markets like shares or currency to create complicated trading strategies.
The minimum deposit requirement is a major roadblock for many traders since it is so high compared to the industry norm. Despite the lack of a wider selection of instruments, markets, and payment options, EU Swissquote forex traders prefer the Swissquote trading platform because it offers no-commission accounts and cheaper spreads. Swissquote provides a wide variety of financial services, including the following:
Analyst perspectives, daily market updates, adaptive convergence divergence, and many more are included in the Trading Central Plug-in.
The Auto Chartist Plug-in provides trade alerts, automatic technical analysis, Event effect analysis, market volatility scanner, and many other useful features.
Additionally, the MetaTrader Master Edition Plug-in provides extra trading and non-trading features including hidden orders, correlation matrix and more.
There are hundreds of duplicate trades or Expert Advisors from thousands of successful traders and investors to pick from for consumers. Back-testing for strategic purposes is also possible. It has more than 130 trading markets, including FX, indices, precious metals, bonds, and commodities, which may all be traded on the same platform.
Regulated by whom? For the first time in the United Kingdom, Swissquote is subject to a number of important financial regulators, including FINMA and the UK FCA, which are both headquartered in Zurich (FCA). There is also an exceedingly tough licence to get from the Dubai Financial Services Authority (DFSA).
All traders throughout the globe may rest certain that Swissquote LTD., an ECN broker with a banking licence, is a reliable and secure option. The Monetary Authority of Singapore (MAS), the Securities and Futures Commission (SFC) of Hong Kong, and the Malta Financial Services Authority (MFSA) all oversee the Swissquote trading platform (MFSA).
If you see the Swiss tag on a bank that is neither regulated or licenced in Switzerland, you should be aware of this fact. As a result, customers should be on the lookout for potentially dangerous and unregulated websites. Switzerland's reputation as a safe haven for client assets and secrecy may lead to misunderstanding. Because of the aforementioned rules, traders may always feel secure while depositing cash and trading with Swissquote.
With its eTrading web-based platform, Swissquote has created a user-friendly interface that is easy to use and understand. It has a retro aesthetic and many claim that the platform is mostly Swiss-centric. Switzerland's stock and financial markets, for example, are at the pinnacle of Europe and the United States. The platform may be tailored to meet the needs of a wide range of traders.
More than 90,000 derivatives, including indices, EFTs, stocks, commodities, and exotic currency pairings, are available in the Swiss DOTS ecosystem. There are 19,000 Knockout Warrants, 55,000 Warrants, 1500 Factor Certificates, and 15,500 Mini features available to Swissquote customers utilising Swiss DOTS.
Themes trading, a unique feature of Swissquote market makers, is another superb trading tool. One theme underlies the concepts of investing and trading. The Swissquote trading platform effectively documents the structured product's historical performance and underlying portfolio.
The Advance Trader platform is accessible on Swissquote's mobile applications. Apps for Android and iOS cellphones may be downloaded and installed for use by traders. Traders may quickly switch between Swissquote's mobile applications and desktop platform, which both support eight languages, and take use of Swissquote's advanced chart patterns and tools, as well as real-time streaming quotes, complicated order types, and other trading capabilities.
The software provides access to MT4 and MT5 trading platforms. As a result, traders using automated trading techniques have access to the same algorithms and analytical tools that they had on their desktop PCs. Customers of Swissquote may access financial news, push alerts, and community discussion on their mobile devices.
A online platform called Advance Trader, developed by Swissquote, allows traders to customise the layouts of their layouts to suit their needs. The Advanced Trader platform has sophisticated built-in order management facilities. Traders who use the Advanced Trader platform get access to market news that is not available to the general public, and they may switch between the desktop and mobile Web versions at will.
MetaTrader 4, the multi-award-winning forex trading platform, is the platform of choice for forex traders of all stripes. For individual investors and traders, the Swissquote MT4 platform is designed with an easy-to-understand user interface. In contrast to other platforms, there is no tolerance threshold. Trades may be executed quickly, and there is a large amount of liquidity available. Expert Advisors may be used to build automated trading strategies on the MetaTrader 4 platform (EA). It also provides real-time charts, live quotations, and iPhone/Android applications. As a result, the user experience is excellent.
An independent MetaTrader 5 (MT5) platform with a unique codebase and additional trading capabilities is also available, according to Swissquote's forex evaluation. MetaTrader 5 is also available on iOS and Android smartphones with a Master Edition, netting mode, and sophisticated charting features. Forex and CFD trading can be done with just a single click thanks to MT5, and the platform also offers real-time price quotations as well as social trading and copy trading.
Swissquote's engineers also provide FIX API as an additional platform for more experienced traders in addition to the ones listed above. In order to have access to historical and real-time price quotations, an online trading platform may implement this API protocol directly. As a result, traders may now use Swissquote to execute trade orders. In order to trade CFDs and FX at Swissquote, the API (application programming interface) allows traders to directly interact with the platform's liquidity providers.
Switzerland-based Swissquote Ltd. gives traders access to over 400 different forex and CFD market instruments from one convenient platform, allowing them to take advantage of any trading opportunity available globally. Trading in financial instruments is made easier by the Swissquote online banking site, which provides traders with access to the main stock exchanges and the most recent financial information.
A wide range of trading products are offered to investors at Swissquote.com. These include stocks and ETFs as well as futures and options.
Swissquote's Advanced Trader, MT4 and MT5 trading platforms all provide access to a wide range of trading instruments.
Swissquote's account opening procedure is simple and quick. An online registration procedure is all that is required to open an account. Video identification is required to open a Swissquote account, which many customers find to be cumbersome.
To create an account with Swissquote, new customers must complete the following steps:-
- Log in or register at Swissquote's official website.
- A few details about the trader's background such as employment or country of residence might be included here.
- Answer a few simple questions about your financial knowledge and expertise.
- Before submitting the application, make sure it is error-free.
- An account with Swissquote Broker cannot be opened without first submitting identification papers such as a national ID, bank statement, driving licence, or utility bill through video or email.
As a reminder, video identification is available to both UK and Swiss Bank branches. It might take some time to create a trading account and begin trading in stocks, forex, and CFDs. Once the account has been validated and is ready to trade, you may get started.
In addition to four active trading accounts, Swissquote also offers a free demo account for new traders who want to get a feel for the platform's features and functions. Live retail accounts include the regular, premium, prime and professional options for investors who want to keep their money in their own hands. Premium accounts at Swissquote are quite popular.
There is a $1000 minimum deposit requirement for the regular account, $10,000 for the premium account, $50,000 for the prime account, and volume-based for professional accounts, which implies the minimum deposit requirement may fluctuate depending on the amount of trades.
There are a few new and sophisticated features in autochartist that are worth highlighting. It provides information like risk metrics and chart patterns recognition as well as many others. At Swissquote, customer assistance is a crucial component of the trading experience for any concerns or inquiries about investing and trading tools. Whenever a customer has a problem, the support crew is always there to help them out.
Leverage levels at Swissquote are based on where the trading account is housed, according to our Swissquote study and research. A leverage limit of 50:1 applies to accounts regulated by the Dubai Financial Services Authority (DFSA), whereas a leverage ceiling of 400:1 applies to FINMA-regulated accounts in Switzerland. A leverage cap of 30:1 applies to accounts regulated by the Financial Conduct Authority (FCA).
Professional customers may be able to take advantage of leverage of up to 200:1, but they may have to give up their rights to the funds compensation plan offered by the Financial Services Compensation Scheme (FSCS). The maximum leverage for MAS-regulated accounts in Singapore is 20:1, but MFSA-regulated accounts may leverage up to 30:1 according to ESMA requirements.
Client money is directly tied to the leverage a broker offers. Market makers profit from reduced leverage in the EU and the UK, but they also have stronger protection of their money (€20,000 and €1,00,000). In contrast to other brokers, Swissquote maintains a 100% guarantee on all of its clients' money.
Because of huge leverages, traders choose to deposit money with unregulated platforms. This problem is addressed by Swissquote Brokers, as traders are spared the dangers of trading and investing with an unlicensed broker. With Swissquote Europe and the UK, compensation plans, arbitration and consumer protection are offered, making the platform an appealing option for everybody.
The highest leverage ratios are only available to customers who deposit a minimum of $1000. The risks of trading and investing are significant, and a market maker's losses may be greater than their deposits.
Similar to other rival brokers, Swissquote charges spreads (difference between the buy and sell price). Swissquote's transaction fees and prices are on the lower end of the spectrum. Because of the three levels of minimum spreads dependent on the trader's initial deposit, certain traders and investors may be unable to take use of the services offered by this broker. Only $1000 is required to open a regular trading account, which may be worth up to $25,000.
The Standard and Prime accounts have a spread differential of around 0.6 pips. No matter what kind of trading account a trader has, he or she must meet the same margin requirements. Except for its lower margin call threshold stop-out level, an Elite account features bespoke spreads.
Swissquote's spreads start at 0.6 pips for commission-free FX trading. XAU/USD (Gold) and the S&P 500 both have spreads of roughly 0.25 points, whilst popular currency pairings like EUR/USD have spreads of about 1.3 pips. Additionally, non-trading expenses include monthly inactivity penalties of 10 currency units, overnight swap fees, and an account maintenance fee.
One percent commission and 0.5 percent spread are charged on trades of CHF 10,000 or less, 0.75 percent for CHF 10,000–50,000, and 0.5 percent for CHF 100,000 or more. The Robo-advisory costs charged by Swissquote vary according on the amount of money invested, and they are rather substantial. Between 0.95 and 1.25 percent is charged by Swissquote, whereas certain brokers or stock exchanges charge 0.6 percent every year.
Swissquote imposes hefty costs for additional services, such as stock quotes and ETF fees. In comparison to other online brokers, Swissquote's costs for withdrawals and deposits are minuscule.
Prepaid, credit, and debit cards, wire transfers, and bank accounts in nine different base currencies are all acceptable deposit methods at Swissquote Brokers. Depending on the financial service providers, some payments may be subject to a minimum cost. Clients are still need to maintain a $1000 Swissquote minimum deposit in addition to this possible minimum cost (or equivalent).
Withdrawals from Swissquote can only be made through bank transfer, unlike funding options that may be completed from inside the e-portal. This may incur a small fee from the Swiss bank.
You should be aware that wire and bank transfers take anywhere from one to three working days to process withdrawals, whereas credit card payments are processed immediately.
There are no deposit or no deposit incentives available to Swissquote customers because of regulatory constraints. Referral bonuses are detailed in detail in the following part of the platform.
Swissquote prioritises the requirements and happiness of its customers in order to improve their financial experience and build customer loyalty. As a result, Swissquote often runs campaigns that promise traders special benefits and presents if they meet certain requirements. A popular feature of the site, despite its lack of bonuses, is the "sponsor a friend" campaign. Those who already have an account with Swissquote may earn a bonus for recommending a friend or family member to the Swissquote platform.
Swissquote review states that both the referrer and the referee get a bonus sum whenever the suggested friend opens a trading account using the referral code supplied by the referrer. The bonus is only credited after the recommended friend has made a minimum deposit at Swissquote.
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In order to join the Swissquote platform as a franchisor or sub-broker, an affiliate programme is available for individuals who are interested in doing so. If a customer joins the Swissquote programme as a partner or affiliate, he or she may earn a maximum of 35% of the revenue share. To join as a partner, there are no additional costs or charges. Anyone may join the Swissquote affiliate programme without paying a penny.
Be aware that the activation of the Swissquote partner code typically takes 2–3 business days.
In addition to the Referral Program, Swissquote has a franchise model Introducer Program that is quite successful. Customers who participate in this programme are eligible to receive up to 20% of their deposits back. Between 100 and 499 Euros/GBP, the suggested consumers are required to pay a lesser deposit or initial investment.
The customer gets 20% of the deposit as soon as it is made. For both affiliate and introducer models, activation of the code takes two to three days. Building long-term financial connections with customers and partners is the primary goal of both models.
Traders may use Swissquote's extensive research and education department, which includes real-time analysis and a daily technical report on market trends. There are courses, webinars, e-books, free demonstrations, and a magazine in the education area. A broker can learn advanced trading strategies and the fundamentals of advanced trading techniques while trading CFDs and forex, which is the focus of this course.
Knowledgeable and informative resources on the Swissquote website include:-
MetaTrader 5 and Advance Trader both have video tutorials available.
Forex instructional resources, including e-books, instructive films, and a risk management section.
The ability to participate in seminars and webinars in a variety of languages.
Besides this, the site provides free sample accounts and a Robo-advisory service, both of which are excellent resources for learning more about Swissquote brokers.
Please be aware that only residents of the countries listed on Swissquote's website are permitted to deal with the broker. Swissquote does not accept traders from the United States.
With a broad variety of financial services, Swissquote is unquestionably a safe and dependable broker in this area. Swissquote has been around for years. In terms of transparency and liquidity, the entities – the UK entity and the Swiss entity – provide the best. As a result of its illustrious history in Swiss banking, these are the most significant Swissquote attributes.
All of the Swissquote entities are trustworthy, since they are controlled by four of the world's most popular and rigorous regulatory bodies: FCA (Financial Conduct Authority), FINMA (Financial Markets Authority), DFSA (Domestic Financial Services Authority), and SFC.
All of the platforms, including Swissquote MetaTrader and Advance Trader, are protected by the SSL encryption. Traders' cash may also be safeguarded by additional security features, such as touch ID and two-factor authentication (2FA). As a last point, Swissquote maintains a separate bank account for the money of its customers. As a result, the corporation can no longer utilise the client's cash for its own ends.
As a multilingual service provider, Swissquote is able to provide support for a wide range of languages and dialects. Because it provides assistance in more than three languages, it has earned a perfect score of AA from the BBB.
Users and Trustpilot ratings indicate that Swissquote's customer service personnel is very prompt and efficient. It's open from 8 a.m. to 8 p.m., seven days a week, Monday through Friday (UK time). Monday through Thursday, 12 AM to 12 PM, are the trading hours for currency pairings. Depending on the asset or investment, the trading hours may be different; for more information, see the official website and support centre.
Investors may contact Swissquote's customer support staff for assistance with everything from financial advice to investment recommendations to questions about the platform or CFDs itself.
Since its inception in 2000, Swissquote, a Swiss investment bank, has built an enviable reputation in financial circles across the world by offering traders and investors a wide range of services and products, including social trading. To summarise, An investor compensation regulation and cutting-edge technology ensure that this process is completely safe for the investors involved. Clients in the EU will no longer have access to most of the investment and banking services that are now reserved for CFD and FX trading at lower pricing under ESMA.
Swissquote provides a variety of trading platforms and stock exchanges, however MetaTrader 4 and the Advanced Trader platform are the most popular among traders. Both novice and experienced traders may benefit from Swissquote's wide selection, improved price structure, and stringent regulation from top regulatory agencies. Traders who want lower expenses and entrance criteria than other brokers may shy away from Swissquote due to the platform's high minimum deposit requirement for the regular account and limited payment method choices.
Is it safe to use Swissquote? For the sake of this Swissquote review, it can be said without hesitation that Swissquote is one of the finest publicly listed and legally operating banks in the industry. It has the approval of four tier-1 (high trust) regulators, one tier-2 (moderate trust), and none of the three (no trust) agencies (no trust). Risky investments, such as CFDs and forex trading, are possible, and previous successes do not guarantee future success.
Is Swissquote a Trustworthy Brokerage? You may trade FX and CFDs with Swissquote since it is listed on the stock exchange and regulated in four tier-1 countries. For the Best Banking Services, Swissquote has won several honours.
Is Swissquote Acceptable in the United States? Swissquote does not allow traders from the United States of America to trade.
In what ways may I get money out of Swissquote? Swissquote only permits money to be withdrawn by wire transfer.
What Is Swissquote's Minimum Deposit? Standard, Premium, Prime, and Professional accounts at Swissquote have a minimum deposit of $1000; volume-based accounts have a minimum deposit of $50,000.
Please tell me whether it is possible for me to withdraw Bitcoin from Swissquote In addition to Bitcoin, Litecoin, and Bitcoin Cash, Swissquote provides CFD trading on 26 cryptocurrencies, including Ethereum, Ripple, and more.
Is there an Islamic account with Swissquote? According to Sharia law, Swissquote does provide an Islamic account, which prohibits the accumulation of interest based on Islamic financial principles.
Learn more about online trading brokers for UAE citizens and residents.
Sites like Swissquote in the UAE
Here is a list of top online brokers to open an account for trading Forex, Bitcoin, CFDs and Stocks in the UAE. These brokers have above-average reviews on sites like Reddit, Quora and Trustpilot; and are totally legit, safe and trustworthy for UAE citizens and residents.
The brokers listed on this webpage accept clients from within the United Arab Emirates. Most of these companies provide an online trading platform for fiat currencies (such as Pound Sterling, the Euro, the US dollar, Japanese Yen etc.), buying and selling of cryptocurrencies (for example Bitcoin, Ethereum, Tether, XRP etc.), stocks (this includes listings on Abu Dhabi Securities Exchange, Borse Dubai, Dubai Mercantile Exchange, Dubai Financial Market and NASDAQ Dubai), CFDs (Apple, Microsoft, Amazon, Google, Tesla etc.), UAE government and corporate bonds, and short-term to long-term fixed income securities.
- Olymp Trade - People simply love this one (Olymp Trade Review)
- Binance - World's largest cryptocurrency e-wallet and exchange that also has an online trading platform, where their members can invest or trade in virtually hundreds of cryptocurrencies and new tokens. (Binance Review)
- IG Markets UAE - UK broker located at Tower 2, Level 27, Al Fattan Currency House, DIFC. (IG Markets UAE Review)
- City Index Middle East - London-city broker with a branch in the UAE. (City Index Middle East Review)
- eToro - Social trading platform, but much better options are available out there. (eToro Review)
- easyMarkets - Israeli brand that is big all over. (easyMarkets Review)
- OANDA - American broker that is now spreading its wings. (OANDA Review)
- Forex.com - Google ranks them in the top 10 for the term "forex". (Forex.com Review)
- Plus500 - UK brand that has its own platform, OK for CFDs, with mediocre reviews. (Plus500 Review)
- AvaTrade - Regulated by ADGM's Financial Services Regulatory Authority (FSRA) in Abu Dhabi. (AvaTrade Review)
- FXCM.com - Oldest brand when it comes to retail online forex trading. (FXCM.com Review)
- Mashreq Neo - An online trading platform provided by Mashreq Bank. (Mashreq Neo Review)
- ForexTime (FXTM) - Owned by Andrey Dashin from the Alpari broker fame. (ForexTime FXTM Review)
- Noor Capital - Licensed and Regulated by the UAE Central Bank and SCA. (Noor Capital Review)
- XM.com - XM broker is big in Africa and South East Asia, and now promoting themselves hard in the UAE. (XM.com Review)
- Saxo Bank - Danish Investment Bank with a long history of catering for premium forex investors. It also provides crypto trading facility. (Saxo Bank Review)
- Pepperstone - Originally Australian, but licensed locally by Dubai Financial Services Authority. (Pepperstone Review)
- ADSS - Based out of Abu Dhabi and regulated by the Central Bank of the United Arab Emirates. (ADSS Review)
- CMC Markets - UK-based broker that is popular among CFD traders. (CMC Markets Review)
- Orient Finance - Local online-trading broker that caters to novice traders looking to invest in the foreign exchange markets. (Orient Finance Review)
- Alfa Financial - Their office is located at City Centre Deira on Port Saeed Road; and generally tends to attract investors within Dubai. (Alfa Financial Review)
- One Financial Markets - Local forex broker with an office at Dubai International Financial Centre at Index Tower. (One Financial Markets Review)
- Amana Capital - A broker located at Central Park Towers, Dubai International Financial Center. (Amana Capital Review)
- ETX Capital - UK broker that has a decent reputation among Arab investors. (ETX Capital Review)
- Century Financial - Old online-trading broker with an office at Level 6, Building 4, Emaar Square, Downtown Dubai. (Century Financial Review)
- IFCM UAE - Nothing special about IFC Markets, but it does have a dedicated .AE website for UAE clients. (IFCM UAE Review)
- EARNEX - This one is present at Jumeirah Lakes Towers and is licensed by the SCA. (EARNEX Review)
- Interactive Brokers - American online-trading broker that is expanding into Asian and Arab markets nowadays. (Interactive Brokers Review)
- Rakuten Securities - Japanese broker that usually looks out for large institutional investors. (Rakuten Securities Review)
- Dukascopy Bank SA - Swiss bank that offers online forex trading on its own proprietary platform. (Dukascopy Bank SA Review)
- Gulfbrokers ae - Dubai Multi Commodities Centre (DMCC) regulates this broker, but there nothing extraordinary about this brand. (Gulfbrokers AE Review)
- IQ Option - It's a below-average broker with no Dubai office, but does have a toll-free virtual number for UAE: 800 032 0891 -> No Arabic, English only. (IQ Option Review)
Reviewed by Arpita Singh
Arpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.