Swissquote Forex

Company Swissquote Bank SA
Established in 1999
Online since 2002
International Offices Switzerland, United Arab Emirates, United States, Urugua
Payment Methods Credit Cards, Debit Cards, Wire Transfers
Demo Accounts & Platforms Meta Trader 4, Web Trader, Advanced Trader
Account currencies Canadian dollar, Euro, Great Britain pound, Japanese yen, Swiss franc, United States dollar
Regulated & Registered by CFTC/NFA, FINMA
Are US Traders allowed? Yes
Bonus? (detailed)
Languages in which website is available? Arabic, Chinese, English, French, German, Italian, Russian, Spa
Languages in which Support is available? Arabic, Chinese, English, French, German, Italian, Russian, Spa
Different Support methods? Email, Live Chat, Phone
Types of Account (micro standard executive islamic) Mini, Standard, Premium, Professional
Minimum deposit in accounts $1,000
Minimum position size 0.1 Lot
Type of Spread? Fixed
Minimum spread on EUR/USD, pips 4
Is Scalping Allowed?
Types of Trading Instruments (GOLD; CFD, etc. and the leverage) Forex- 1:100
Real Trading platforms Meta Trader 4, Advanced Trader
Digits after the dot in quotes 5
Margin call level 1%
Stop-out level
Total Number of currency pairs 64
Any Bonus offers Yes
Affiliate program Available? Yes
Facility of Overnight interest rates (swaps) Yes
Do they have Trailing stop? Yes
Do they have Pending orders? Yes
Mobile trading allowed? Yes
Browser-based platform present? Yes

swissquoteSwissquote Bank SA was founded in the year 1999 by some of the forex trading professionals but started their online trading service only in the year 2002. It is one of the few companies which made its mark in the forex market in a very short span of time. They have their offices in Switzerland, United Arab Emirates, United States and Uruguay and hence can be easily approached by traders in these countries. They also allow the traders from United States to trade with them and the company is regulated by CFTC/NFA and FINMA. The payments can be made using credit cards, debit cards and wire transfer and found to be very fast and hassle free. They allow you to have Canadian Dollar, Euro, Great Britain Pound, Japanese Yen, Swiss Franc and United States Dollar in your account. They allow their traders to trade in 64 currency pairs which include all major and exotic currency pairs.

The trading platforms for both the demo accounts and real trading accounts are Meta Trader 4, Web Trader and Advanced trader. These trading platforms are very easy to use and have a user friendly interface. They provide a host of charting features and analysis both traditional and fundamental. The web trader allows the trader to start trading directly without any download. Their mobile platform can be downloaded on Android mobiles, Blackberry, iPad, iPhone, Palm and any windows mobile devices. The execution of trade is very fast and smooth allowing traders to get maximum profit. Their website is multilingual and is available in 7 languages. The customer support service is also available in 7 languages making it easy for native traders. They allow trading only in forex but the leverage is only 1:100. The drawback is that the minimum amount required to open an account with them is $1000.

The reviews about the company speak fairly about their performance and have been recommended by their users. Most of the reviews speak about their excellent trading platform which provides them a user friendly interface along with mobile trading possible. They offer 6 currencies in the traders account. They have 64 currency pairs which include major pairs and exotic pairs and is loved by many of the users. They being regulated by CFTFC/NFA and FINMA make the traders feel secure. They have their office in United States and hence allow the traders from United States to trade from their account. However, they offer only forex to its trader to trade in. This is one drawback mentioned in many reviews. Many loves their software for mobile trading as it help them trade easily even when they are on move. Many have listed that they should have more payment options. Absence of PayPal has been mentioned by many reviewers. The minimum amount required to open an account with them is $1000 and has been a concern for many traders. The average rating given to the company by its users is 5.9 out of 10.

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