The screenshot of the MetaTrader 4 (MT4) platform features a dynamic user interface, equipped with multiple essential components for trading. The "Market Watch" window displays a list of the most traded currency pairs, showcasing market liquidity with real-time bid and ask prices. Concurrently, the EUR/USD candlestick chart offers a crisp visualization of market fluctuations over a one-hour period, accentuating bullish trends with green candles.
PROS
This platform has been in business for over 20 years, demonstrating its experience and reliability. Users can trust the platform's long-standing presence in the industry.
+20 Years in Business
This platform is regulated by a credible government agency, ensuring that it operates in compliance with industry standards and regulations. Regulation provides a level of security and protection for traders, as it requires the platform to adhere to specific rules and guidelines designed to safeguard the interests of market participants. Trading on a regulated platform can enhance trust and confidence in the trading environment.
Regulated by a Credible Government Agency
This platform allows traders to engage in multi-asset trading, enabling them to trade various financial instruments, including stocks, ETFs, forex, and more.
Multi-Asset Trading
CONS
This trading platform charges high trading fees, which can significantly eat into traders' profits. With high transaction costs, including commissions, spreads, or other fees, traders may need to achieve higher returns just to offset the expenses, making it more challenging to generate substantial profits from their trading activities.
High Trading Fees
This trading platform lacks comprehensive educational resources, making it challenging for traders to access valuable learning materials and enhance their trading knowledge. Without access to educational resources, traders may struggle to understand complex trading concepts, strategies, or market analysis, limiting their ability to make informed trading decisions.
Lack of Educational Resources
This trading platform offers limited customer support, leading to delays in resolving issues or inadequate assistance for traders. With subpar customer support, traders may face challenges in getting timely responses to their inquiries, resolving technical difficulties, or receiving necessary guidance.
Poor Customer Support
PROS & CONS
APPS
METATRADER 4
Widely-used platform for forex trading. Known for its Expert Advisors (EAs) and customizability.
SWISSQUOTE ETRADING
Platform by Swissquote for online trading. Offers a range of financial instruments.
ACCOUNT OPENING
How to Open a Trading Account with Swissquote
Opening a trading account is a process that involves several key steps to ensure both your trading needs and the broker's regulatory requirements are met. Below, we describe the process in detailed steps:
Visit the Broker's Website: Access the official website (found in the index of this review). Look for the option to open a new trading account, which is usually clearly indicated on the main page.
Complete the Registration Form: Provide your personal details, such as name, address, email, and phone number. Depending on the broker's need to know you better as a client, additional information about your trading experience, employment, and financial situation may be requested.
Identity Verification: Upload documents to verify your identity and residence. This generally includes a photo ID (passport or identification document) and a proof of address (utility bill or bank statement).Set Up Your Trading Account: Configure aspects of your account, such as currency type, leverage, and, in some cases, trading preferences.
Deposit Funds: Make an initial deposit using one of the payment methods accepted by the broker (We detail the alternatives later).
Access the Trading Platform: Download and install the trading platform. Log in with your account details.
Practice with a Demo Account (Optional): Practicing trading with virtual funds before risking real money means you won't be surprised when using real money.
Start Trading: Once your account is set up and funded, you can start trading.
How to Deposit
Once you have decided how much to deposit and which method to use, making the deposit is simple and quick. Just follow these steps:
Log in to your newly created account.
Click on "Deposit Funds".
Enter the amount and select the currency.
Finally, select your chosen deposit method. Don't worry, it's a secure and private process. Transactions are communicated using Secure Socket Layer (SSL) technology.
Below we show you the available alternatives.
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Deposit & Withdrawal Methods
BASIC INFO
Swissquote is a leading online brokerage known for its comprehensive range of financial services, including Forex, CFDs, and stock trading. The platform is distinguished by its robust trading infrastructure, offering advanced trading tools, market insights, and portfolio management services. Swissquote's reputation for reliability, regulatory compliance, and client fund security makes it a preferred choice for traders and investors seeking a professional and secure trading environment.
REGULATION
Financial Conduct Authority
FCA
United Kingdom
Swiss Financial Market Supervisory Authority
FINMA
Switzerland
Dubai Financial Services Authority
DFSA
United Arab Emirates
Malta Financial Services Authority
MFSA
Malta
ASSETS & SERVICES
Stocks: A broad selection of stocks available for trading in global markets.
ETFs: A variety of Exchange Traded Funds, including thematic and diversified investment options.
Forex: Forex trading with access to a wide range of currency pairs.
Funds: Access to mutual funds for diversified and managed investment.
Options & Futures: Options and futures trading for investors interested in derivatives.
Cryptocurrencies: Cryptocurrency trading options, expanding investment possibilities in digital assets.
Fixed Income: Fixed income products, including money markets and bonds for more conservative investment strategies.
Private Equity: Private equity investment for access to exclusive investment opportunities.
CFDs: Contract for Difference trading in a variety of financial assets.
Robo-Advisory: Robo-advisory services for automated and algorithm-based investment management.
SWISSQUOTE: DIGITAL BANKING AND THE EXPANSION INTO BROKERAGE SERVICES
Have you come across this financial app and wonder what it is all about? In this review, we will walk you through the key points to consider when evaluating its features and benefits.
4.12.23
Last Update: