Swissquote offers an accessible and easy way to purchase Bitcoins, and many people already use the site to access this most popular of cryptocurrencies. In terms of the currencies accepted, Bitcoin can be purchased on Swissquote using either euros or US dollars. Swissquote Ltd does not charge transaction fees for depositing or withdrawing funds. The depository bank may charge a transaction fee. Generally, you have the option of this fee being deducted directly from the total amount to be transferred or charged to you directly. Oct 03, · SWISSQUOTE MINIMUM DEPOSIT There seems to be no limit to the deposit amount, meaning that users can fund their account with as much, or as little, as they want. Deposing methods are limited to Bank Transfers, Credit cards, Inpayment Slip (ISR), and via Post Office.
Swissquote bitcoin depositCryptocurrency Trading: Buy and Sell Cryptocurrencies | Swissquote
Swissquote offers over different instruments to trade, including over currency pairs. Swissquote offers around 13, mutual funds from over fund service providers. Swissquote offers access to 6 options markets. Swissquote provides access to 6 few futures markets. As well as Forex, you can also trade CFDs on stock indices, commodities, and bonds. Swissquote offers the ability to trade 12 cryptos as CFDs. Available cryptos:.
Bitcoin Cash. Ethereum Classic. Swissquote was amongst the first banks to offer the trading of underlying cryptocurrencies non-CFDs. Swissquote has an excellent novelty product named themes trading. The closest that we have found is the novelty bets offered by some UK bookmakers. How they produce the indices is well documented and the concept is one that could well take off as it makes a nice change from trading the stocks all day. Swissquote also provides what they call a Robo-advisory service.
Trading costs such as spreads, commissions, and overnight funding swap rates vary depending on the instrument being traded and account type opened which will be discussed later on in the review. Swissquote offers three different ways to access its trading platform in a desktop environment. Beginner traders are more likely to use its Advanced Trader app, which is easy for novices to get to grips with. The main advantage of Advanced Trader is its simplicity of design. MetaTrader 4 and 5 MT4 and MT5 are also available which may be more useful to more advanced traders as it contains more advanced features such as trading strategies, back-testing, and other indicators.
As many traders can testify, the Metatrader is highly customizable and has a clear fee report and you can set price alerts. Swissquote has few special features provided by other brokers such as automated trading and social trading.
Swissquote allows traders to place stop-loss orders although it is not clear if these are guaranteed or not. Swissquote provides several trading platforms dependent on what assets you are trading. These are the eTrading platform, Robo-Advisor platform, and Metatrader. The eTrading platform is primarily used to trade stocks, options, futures, bonds, and other assets.
It is accessed directly from the Swissquote website and also has a mobile version. It is loaded with features which is great for more advanced traders.
Robo-Advisor platform. The algorithm seeks the best performance for a given overall level of risk by exploiting interactions between assets.
However, the first case meant that you needed to put implicit trust in a fund manager, whilst the latter requires constantly monitoring the markets. Swissquote has developed an innovative hybrid based. With the Robo-advisory you can create an optimal investment strategy and modify and compare strategies at any time.
Once you have determined your risk profile you have the security and knowledge of never being exposed to more predetermined risk. Key benefits of the Robo-advisory include that:.
If it is something that you are interested in then it may be worth opening a demo account to have a try and see if it works for you. Advanced Trader. Advanced Trader web is the browser-based version that acts in the same way as the installed Advanced Trader desktop.
It is useful because no download installation is required. This gives Metatrader users even more access to enhance their trading. Some may find that there is too much emphasis on the Swiss markets. For example, the Swiss stock market is at the top of the menu, above US and European indices which are undoubtedly more traded globally. However, the platform can be customized to your preferences.
The default at Swissquote is a simple login, but you can set a more secure authentication with a physical code card or through mobile authentication. Swissquote safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. Swissquote also urges its clients through its web platform to always look for the SSL security sign a lock sign o the browser while operating Swissquote.
Search functions. Swissquote has a decent search function. Depending on the asset categories, you also set advanced filters including rating, sector, risk, analyst recommendation, market capitalization, etc. You can set up watchlists for price alerts. Swissquote also offers a custom alert box filled with news of your choice. You also get notifications when your trades are executed. In addition to the alert section in the trading platform, you can also opt-in for email notifications.
Swissquote offers a user-friendly interface to see your portfolio. Trading fees are also easy to see before submission. You can use the following order types:.
However, some exchanges such as SIX have additional order types and term options. A key consideration for all brokers is funds safety. So you may ask is Swissquote a scam? Or — Is Swissquote safe? Well, Swissquote is overseen by several high-level regulators. Notably, Swissquote has full funds protection in two of their jurisdictions. All traders with deposits at FINMA regulated brokers are automatically protected by esisuisse up to Swissquote is also regulated with the following entities.
These are all solid regulators with good reputations. Because Swissquote Bank is based in Switzerland as the name suggests! Note that there are banks using the Swiss name that are not regulated in Switzerland and are therefore unsafe. However, you are certainly safe to deposit at Swissquote. Because it is a Government body it has the ultimate authority over firms regulated under its jurisdiction. It is incredibly strict in its regulation and ensures that its firms operate under a tightly monitored set of rules.
FINMA issued its operating license to Swissquote under the condition that the firm will be monitored for compliance with laws, ordinances, and regulations under their license terms. For any infractions, FINMA can issue warnings, cancel licenses, and even liquidate companies who are violating any rules. Esisuisse funds protection. Esisuisse offers brokers funds protection up to At this point, Esisuisse immediately calls in the required funds from its banks, brokers, and securities firms.
As usual, there are some unscrupulous firms that claim to be based in Switzerland but are based in other countries. They may therefore not accept any deposits in Switzerland and are not members of esisuisse.
A famous example of this covered in our article is when Worldspreads went into liquidation. As is often the case in the online financial world a number of financial institutions claim to be FCA authorized but they are not regulated in any jurisdiction.
Demo accounts in general are a great way to get to know a broker, and having a demo account at Swissquote is no exception so you can get to know the nuts and bolts of their offering before you commit to depositing.
In a nutshell, the demo account at Swissquote allows you to benefit from the following:. Swissquote has a relatively competitive fee structure. They offer three tiers of minimum spreads, depending on your initial deposit which could be a barrier to some investors.
The spread difference between Prime and Standard accounts can be as much as 0. Margin requirements remain the same regardless of account status held. Swissquote may be good for the person looking to actively trade currencies and commodities, it may not be best suited for those looking to make long-term investments. Because Swissquote has two separate entities [UK and Swiss] then the commissions and spreads differ markedly.
UK-based accounts have lower costs and deposit requirements but have less product offering. UK entity:. They also offer a Professional account which is almost identical, with the exception of the margin call threshold stop-out which is lower.
Swiss entity:. However, the Premium account drops slightly to 1. Cryptocurrency trading fees:. If you trade more this drops down to a more manageable 0. Swissquote allows traders to trade an impressive selection of funds with reasonable fees. There are other fees for withdrawing money and trading fees are comparatively high. Like most brokers, Swissquote takes its fee from the spread, which is the difference between the buy and sell price of an instrument.
Swissquote is great if you are looking for high-quality service with robust funds protection. However, there are plenty of other options available to the would-be trader that also give free funds protection guarantees.
So If you prefer lower costs, as many traders do of course then there are better options for you. But you can change the pricing structure to a fixed-rate plan if you wish, whereby you pre-purchase a set amount of trades for a flat price. Swissquote Ltd does not charge transaction fees for depositing or withdrawing funds.
The depository bank may charge a transaction fee. Generally, you have the option of this fee being deducted directly from the total amount to be transferred or charged to you directly. Please contact your bank for transaction fee information as rates vary from bank to bank.
Transaction time generally depends on the processing time required by the depository banks, and Swissquote normally handles all transactions on the same day they are received. Credit Card Funds Deposit We accept Mastercard and Visa credit cards with no transaction fees for our clients who choose to fund their accounts instantly using this simple method.