Swissquote review was conducted by the team of “Fxstay” for those who want to know about the Swissquote forex bank. By this Swissquote review you will know how to do Swissquote MT4 download or how to open a free Swissquote demo account, You will also know what is Swissquote minimum deposit or how to do Swissquote login, Read this Swissquote review to the end before invest with Swissquote forex broker.
Swissquote Review by Fxstay
The Swissquote Bank is a Forex brokerage with a market maker model which started operations out of its corporate headquarters in Lausanne, Switzerland. By means of the Swiss Financial Market Supervisory Authority (FINMA) it is regulated, and it has secondary offices in Malta, Zurich, Dubai and Bern. MIG Bank authoritatively changed its name to Swiss quote Bank.
Swiss-quote Bank Ltd specifies in providing financial trading and online Forex trading services. Its head company, Swissquote Group Holding SA, has been registered on the SIX Swiss Exchange under the ticker sign “SQN” since 2000. The trading platform of Swiss quote is one of a handful forex brokers that works out of Switzerland and because they are a regulated and licensed Swiss bank, the platform is extremely trusted among traders in the online forex trading community. Therefore, it is not astonishing to find that this broker is presently serving more than 200,000 institutional and private customers.
Swissquote Trading Platforms
The Swissquote forex broker offers traders different trading platforms include the MetaTrader 4 or MT4 Trading platform, MetaTrader 5 or MT5 and Advanced Trader, All of the trading platforms are available to download for mobile trading.
Swissquote MT4 Download
The support of the trading platform provided by Swiss quote to their customers is their exclusive Advanced Trader. The platform was intended to operate impeccably as a web application, desktop application or Mobile Trader hence permitting traders to take advantages of any trading chances that present themselves to the traders.
Along with the Advanced Trader trading platform, Swiss quote also provide their customers the choice of 2 other platforms developed by Metaqoutes Software Ltd specifically the Swissquote MT4 and the Metatrader 5. The Swissquote MT4 is considered as the industry standard trading platform with complete trading features that helps to improve the trading skill of traders.
Swissquote MT5 Download
The MT5 trading platform signifies an upgrade off the Swissquote MT4 with many new features integrated into the trading platform. Through all these different trading platforms, traders switching from other brokers need not worry about the trading stages that they will work with at Swiss quote.visit “ForexSQ.com” Swissquote review page to download a free MT4 platform.
The Swissquote Apps and trading markets are accessible using a variety of the most popularly used electronic handheld devices that include iPhones, Blackberry and Androids. The Swissquote Apps is free for both Android and IOS, You can download The Swissquote App for Android from Google Play and download The Swissquote App for iPhone from Apple app store.
Swissquote Trading Account
There are five types of Swissquote trading account to select from on Swissquote Bank:
- a) Standard Account: The minimum deposit is some amount from $10,001 – $49,999, with a maximum leverage of 1:200 and minimum trade size of 0.1 lots.
- b) Explorer Account: The smallest deposit for this account i is any amount less than $10,000. Maximum leverage allowable is 1:500. The minimum trade size is 0.1 lots.
- c) Advanced plus Account: The Advanced Plus account minimum deposit is $100,000 – $249,999, with a maximum leverage of 1:100 and minimum trade size of 0.1 lots.
- d) Advanced Account: The minimum deposit for Advanced Account type is any amount from $50,000 – $99,999, with a maximum leverage of 1:100 and a minimum trade size of 0.1 lots.
- e) Prime Account: The minimum deposit for this Prime Account type is $250,000, with Leverage size is a maximum of 1:50 and a minimum trade size of 0.1 lots.
The maximum lot size for all trades regardless of Swissquote trading account is 100 lots. As we can understand, operating a Forex account through a Swiss-based forex broker is not inexpensive. You must thus be prepared for the venture monetarily beforehand you jump in. It is also worth revealing that Swiss-quote Bank now provides gold-denominated accounts.
Swissquote Demo Account
When clients open an online trading account, they are able to use an unlimited free The Swissquote Forex demo account that comes loaded with $100,000 of virtual money for traders to use for practicing currency trading before actually risking real money in a real world trading market.
To open a demo trading account with Swissquote you just need to visit the broker’s website and sign up free then you will receive free instructions by email.
Swissquote PAMM Account
The Swissquote PAMM accounts allows professional Account managers to oversee and conduct trading on behalf of multiple clients using the PAMM model of account management. The Swissquote PAMM Accounts provide an automated trading interface that allows account managers to focus on successful trades rather than account administration.
The Swissquote PAMM Accounts involve trades placed by Account Managers across all the accounts managed and fees are automatically applied according to fee schedules that are predetermined by the PAMM Account Manager.
Clients who open Swissquote PAMM Accounts can login to trading accounts and access the latest information at any time and these automated PAMM accounts are so efficient that minimal involvement is required of the Account Manager.
Swissquote Forex Commission & Spreads
Not any commissions are payable at Swissquote but traders do have to wage an extended spread on the assets which they are trading in. The spreads which are provided by Swiss quote are flexible and actually competitive as well. For example, for regular traded pairs like the EUR/USD, the minimum spread starts from 1.6 pips for the premium trading account, 1.8 pips for the standard trading account and 1.3 pips for the prime trading account. Even unusual currency pairs like the HKD/JPY, the minimum spreads can be as small as 0.6 pips for the prime trading account.
The Swissquote leverage starts from 1:1 up to maximum 1:100, However the broker provides high leverage trading but if you are a newbie forex trader then avoid to use high leverage as it will increase to lose all of your capital.
Swissquote Margin Requirements
Swissquote margin requirements is fixed, The amount of margin that you are required with Swissquote to put up for each currency pair varies by the leverage. For example, If you use 50:1 leverage then you may be required to put up €200 to hold a €10,000 position.
The Swissquote broker does not offer incentives to traders in the form of promotional opportunities, unlike many of its competitors.
Swissquote Deposit and Withdrawal Methods
Deposits can only be prepared on MIG Bank through bank wire and credit cards transactions.
- a) Credit card: The only acceptable cards are those of MasterCard and VISA. Transactions can be performed using the currency majors. The Swiss Bankers Travel debit card can be used to withdraw capitals from a MIG Bank account.
- b) Bank wire: Bank Wire transfer instructions have to be acquired from the client service desk.
Swissquote Deposit Fees
The Swissquote Deposit fee is Zero, It means you will not pay any money as Swissquote deposit fees.
Swissquote Deposit Time
The Swissquote Deposit time is between 1 through 3 business day and it depends to the methods you deposit your Swissquote account.
Swissquote Withdrawal Options
Swissquote withdrawal methods is various, Clients can using a variety of methods that include credit cards, checks, bank wire transfers and PayPal. Trading account withdrawals require proper identification of account holders in accordance with strict international financial guidelines designed to prevent financial crimes like identity theft and money laundering.
Swissquote Withdrawal Fees
The Swissquote Withdrawal fees starts from Zero up to $20, The Swissquote withdrawal fees depends to which country and methods you want to receive funds.
Swissquote Withdrawal Time
The Swissquote Withdrawal time is between 3 through 5 business day and it depends to the methods you Withdrawal from your Swissquote account.
Swissquote Withdrawal Problem
If you have any Swissquote Withdrawal Problem then you can contact the broker directly and if it dose not solve the problem then you can contact the regulators to solve your Swissquote Withdrawal Problems, You can also submit your Swissquote withdraw problems in the comment form below of the Swissquote reviews by ForexSQ.com forex trading website.
Swissquote is regulated and licensed broker with FINMA and ARIF in Switzrland.
Investors who trade using the Swissquote forex broker will have access to a valuable library of educational materials that includes trading tools and support materials for all levels of traders, as well as professional analyses, expert commentary and training videos on a variety of topics.
The broker’s Academy also includes interviews with top traders in various markets whose invaluable expertise, wisdom, trading methods and strategies are shared with the company clients.
Swissquote Customer Service
The Swissquote customer service are provided by its helpful staff of multilingual professionals who are available via online chat, email, fax or telephone during market hours 24/5 and provide support services in a variety of languages.
For login to Swissquote forex broker you can visit the broker website, After sign up you can check your email for free instructions and do Swissquote login.
Swissquote Minimum Deposit
The Swissquote Minimum Deposit is $1000 US Dollar.
Swissquote Trading Hours
Swissquote Trading hours of operation coincide with the global financial markets. Online CFDs and Forex trading is available from Sunday 5 p.m. to Friday 5 p.m., GMT time.
Swissquote Bitcoin Trading
At Swissquote you can buy or sell Cryptocurrencies like Bitcoin but you can not deposit or withdrawal with Cryptocurrencies like Bitcoins, So Swissquote BTC chart is available for trading but you can not deposit or withdrawal with a Cryptocurrency.
Swissquote Live Chat
To get a fast support you can use Swissquote Live chat, The Swissquote Live Support is also available to support clients, To use Swissquote customer support just visit the broker’s website.
Swissquote Head Office address is:
Headquarter of Swissquote Bank SA, Ch. de la Crétaux 33, Case Postale 319, CH-1196 Gland
Swissquote Phone Number
Swissquote Headquarter Phone Numbers is: +41 22 999 94 11
Swissquote Bank Review Conclusion
Visit “Topforexbrokers.com” website for a full Swissquote review. The Swissquote Bank has found a method to appeal to its varied customer base by forming secondary companies in Europe and more just, in Asia, to familiarize its service module to fit the yearnings of its customers in those areas. Traders can therefore choice the subsidiary of choice which matches their trading requirements and specifications, Wikipedia says. For mobile trading you can download the broker Google Android application or itunes IOS app for Apple products.