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Do you want to know which is the better broker between Easy Forex and Swissquote ?
In the table below, you can compare the features of Easy Forex , Swissquote side by side to determine the best fit for your needs.
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You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of easyforex, swissquote lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Easy Forex Review Summary in 10 Points | |
Founded | 2001 |
Registered Country/Region | Cyprus |
Regulation | CYSEC |
Market Instruments | Forex, commodities, metals, indices, options, cryptocurrencies, and shares |
Demo Account | Available |
Leverage | 1:500 |
EUR/USD Spread | From 0.5 pips |
Trading Platforms | easyMarkets platform (web/app), TradingView, MT4/5 |
Minimum deposit | $25 |
Customer Support | Live chat, WhatsApp, request a callback, send messages online to get in touch, and email |
Easy Forex, now known as easyMarkets, is an online forex and CFD broker that provides trading services to individual and institutional traders. It was established in 2001 and is regulated by the Cyprus Securities and Exchange Commission (CYSEC). Easy Forex offers a variety of trading instruments, including forex, commodities, metals, indices, options, cryptocurrencies, and shares, and provides access to multiple trading platforms such as easyMarkets platform (web/app), TradingView, MT4, and MT5. The broker aims to provide a user-friendly trading experience and offers various features like risk management tools and educational resources.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Easy Forex offers a regulated and trustworthy trading environment, providing a wide range of trading instruments and user-friendly platforms. The inclusion of risk management tools and educational resources further enhances the trading experience.
However, there have been reports of scams and negative user experiences that should be taken into consideration. Traders should weigh these pros and cons carefully and conduct thorough research before deciding to trade with Easy Forex.
Pros | Cons |
• Regulated by CYSEC | • Reports of scams and negative user experiences found online |
• Wide range of trading instruments available | • Withdrawal processing time can be relatively long |
• Demo accounts available | |
• User-friendly trading platforms, including easyMarkets platform, TradingView, MT4, and MT5 | |
• Various risk management tools | |
• Multiple payment options | |
• Rich educational resources | |
• Efficient customer support with multiple contact options |
There are many alternative brokers to Easy Forex depending on the specific needs and preferences of the trader. Some popular options include:
OctaFX - a reputable broker with competitive trading conditions and a wide range of trading instruments, making it a good choice for traders looking for diverse trading opportunities.
Darwinex - stands out with its innovative concept of “trading talent” and offers a unique platform for both traders and investors to benefit from each other's success.
Hantec Markets - a reliable broker with a strong reputation and a comprehensive range of trading platforms, making it suitable for traders of all levels seeking a trustworthy trading environment.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Easy Forex, being regulated by the Cyprus Securities and Exchange Commission (CYSEC) and holding a valid license (No. 079/07), operates under the supervision and guidelines set by a reputable regulatory authority. The provision of Free Guaranteed Stop Loss and Negative Balance Protection further emphasizes their commitment to client protection. However, it is essential to conduct thorough research and exercise caution when engaging with any financial service provider, as risks are inherent in trading activities.
Easy Forex provides a diverse range of market instruments, catering to the trading preferences of its clients. Traders can access the global Forex market, allowing them to trade major, minor, and exotic currency pairs. Additionally, Easy Forex offers commodities, such as gold, silver, crude oil, and natural gas, enabling investors to participate in the movements of these essential resources.
The platform also provides access to various global indices, allowing traders to speculate on the performance of leading stock market indices worldwide. Moreover, Easy Forex offers options, cryptocurrencies, and shares, further expanding the trading opportunities available to its clients. With such a broad selection of market instruments, traders can diversify their portfolios and take advantage of various market opportunities.
Easy Forex offers a range of account types to suit the trading needs and preferences of different traders. On the easyMarkets Web/App and TradingView platforms, traders can choose between Standard, Premium, and VIP accounts. These accounts provide varying features and benefits, with the minimum deposit requirement starting at $25 for the Standard account.
For those who prefer the MT4 platform, Easy Forex also offers Standard, Premium, and VIP accounts, with the same minimum deposit requirements as the easyMarkets Web/App and TradingView accounts. Additionally, there is a single account type available on the MT5 platform.
The availability of different account types allows traders to select the account that best aligns with their trading goals, risk tolerance, and investment capital. Furthermore, Easy Forex provides demo accounts, allowing traders to practice and familiarize themselves with the platform's features before trading with real funds.
easyMarkets Web/App and TradingView | MT4 | MT5 | |||||
Account type | Standard | Premium | VIP | Standard | Premium | VIP | |
Minimum transaction size from | 0.01 | ||||||
Spreads type | Fixed | Variable | |||||
EUR/USD from | 1.8 pips | 1.5 pips | 0.8 pips | 1.7 pips | 1.2 pips | 0.7 pips | 0.5 pips |
Minimum deposit | $25 | $2,000 | $10,000 | $25 | $2,000 | $10,000 | $25 |
Max leverage | 1:200 | 1:400 | 1:500 | ||||
Commission | 0 | ||||||
Account Fees | 0 | ||||||
Customer Support over the phone | Yes | ||||||
Personal Account Manager | yes | ||||||
24/5 phone and live chat trading | No | No | Yes |
Easy Forex provides competitive leverage options to its traders across different trading platforms. On the easyMarkets Web/App and TradingView platforms, traders can access leverage up to 1:200. This means that for every $1 of capital, traders can trade with $200 in the market. For traders who prefer the MT4 platform, Easy Forex offers leverage up to 1:400, allowing for even greater exposure to the markets. On the MT5 platform, traders can enjoy leverage up to 1:500, offering enhanced trading opportunities.
It's important to note that while leverage can amplify potential profits, it also increases the risk of losses. Therefore, traders should exercise caution and employ risk management strategies when utilizing leverage in their trading activities. Easy Forex's range of leverage options caters to different trading styles and risk preferences, allowing traders to make informed decisions based on their individual trading strategies.
Easy Forex offers competitive spreads across its trading platforms, ensuring cost-effective trading for its clients. When trading the popular EUR/USD currency pair, the spread varies depending on the platform chosen. On the easyMarkets Web/App and TradingView platform, the spread is fixed from 0.8 pips, providing traders with transparency and consistency in their trading costs. For those using the MT4 platform, the spread is fixed from 0.7 pips, offering competitive pricing for this major currency pair. On the MT5 platform, the spread is variable from 0.5 pips, allowing traders to potentially benefit from tighter spreads during times of increased market liquidity.
It's worth noting that Easy Forex does not charge any commissions on trades, ensuring that traders can focus on their trading strategies without incurring additional costs. By providing competitive spreads and commission-free trading, Easy Forex aims to offer a cost-effective trading environment to its clients.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commissions |
Easy Forex | From 0.5 pips | No |
OctaFX | 0.4 pips | No |
Darwinex | 0.0 pips | Variable |
Hantec Markets | 1.2 pips | No |
Please note that these figures are indicative and may vary depending on market conditions and account types. It's always recommended to check with the respective brokers for the most up-to-date and accurate information regarding spreads and commissions.
Easy Forex provides its clients with a diverse range of trading platforms, catering to different preferences and trading styles. The easyMarkets platform, available on both web and mobile applications, offers a user-friendly interface and a wide range of trading tools. It provides access to a variety of financial instruments and features advanced risk management tools like free guaranteed stop loss and take profit.
TradingView, a popular charting and analysis platform, is also supported by Easy Forex, allowing traders to analyze markets, access advanced technical indicators, and execute trades directly from the platform. For those who prefer the widely used MetaTrader platforms, Easy Forex offers both MT4 and MT5.
These platforms provide comprehensive charting capabilities, customizable indicators, and automated trading options. With a selection of trading platforms, Easy Forex aims to cater to the diverse needs of traders and provide them with a seamless and feature-rich trading experience.
Overall, Easy Forex's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:
Broker | Trading Platforms |
Easy Forex | easyMarkets Web/App, TradingView, MT4, MT5 |
OctaFX | MetaTrader 4, MetaTrader 5, cTrader |
Darwinex | Darwinex Web Platform, MetaTrader 5 |
Hantec Markets | MetaTrader 4, MetaTrader 5 |
Easy Forex offers a comprehensive suite of trading tools designed to enhance the trading experience and help traders make informed decisions. The dealCancellation feature allows traders to cancel losing trades within a specific time frame, providing an extra layer of protection against potential losses. The Freeze Rate tool enables traders to freeze the quoted rate for a few seconds, giving them time to analyze the market before executing a trade.
Negative Balance Protection ensures that traders cannot lose more than their initial investment, safeguarding them from excessive losses. The platform also provides a range of order types, including pending orders, which allow traders to set specific entry and exit levels for their trades. Additionally, Easy Forex offers free guaranteed stop loss and take profit levels, providing traders with added control over their risk management.
Traders can also stay informed about market developments through various tools, including notifications, live currency rates, an inside viewer to see the sentiment of other traders, trading charts, a financial calendar, and market news updates.
Furthermore, Easy Forex provides a demo account, allowing traders to practice their strategies and familiarize themselves with the platform without risking real money. With a wide array of trading tools, Easy Forex aims to empower traders with the necessary resources to make well-informed trading decisions.
Easy Forex provides a wide range of convenient and secure payment methods for both deposits and withdrawals. Clients can fund their accounts using credit/debit cards such as Visa, MasterCard, and Maestro, as well as popular e-wallets including Neteller, Skrill, Fasapay (available for Indonesia), Local Deposit (available for Egypt), Sticpay, WebMoney, bitwallet, and Perfect Money.
Euro (EUR), Canadian Dollar (CAD), Czech Koruna (CZK), Japanese Yen (JPY), New Zealand Dollar (NZD), U.S. Dollar (USD), Singapore Dollar (SGD), Swiss Franc (CHF), British Pound (GBP), Mexican Peso (MXN), Australian Dollar (AUD), Polish Zloty (PLN), Turkish Lira (TRY), Chinese Yuan (CNY), Hong Kong Dollar (HKD), Norwegian Krone (NOK), Swedish Krona (SEK), South African Rand (ZAR), Bitcoin (BTC)
Easy Forex | Most other | |
Minimum Deposit | $25 | $100 |
The broker does not charge any fees for deposits, and most deposits are processed instantly, allowing traders to start trading without delays.
For withdrawals, there is no minimum withdrawal amount for credit/debit cards and eWallets, while a minimum of $50 is required for bank account withdrawals. Easy Forex aims to process all withdrawal requests within 2 business days (48 hours). However, the actual time it takes for the funds to reach the client's bank account may vary depending on the final destination and the processing times of the recipient's bank, typically ranging from 3 to 10 business days.
See the deposit/withdrawal fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee |
Easy Forex | Free | Free |
OctaFX | Free | Free |
Darwinex | Free | Free |
Hantec Markets | Free | Free |
Easy Forex prioritizes excellent customer service and provides multiple channels for clients to reach out for support. The broker offers live chat, WhatsApp, and the option to request a callback, ensuring prompt and direct communication with their customer service representatives. Clients can also send messages online or reach out via email for assistance with their inquiries.
The broker's website includes a comprehensive FAQ section, which addresses common queries and provides helpful information. Easy Forex maintains an active presence on various social media platforms, including Twitter, Facebook, Instagram, YouTube, LinkedIn, and Weibo, allowing clients to stay updated on news, educational content, and market insights. The company address is openly provided, demonstrating transparency and accessibility.
With their commitment to responsive customer service, Easy Forex aims to provide a seamless and supportive trading experience for their clients.
Pros | Cons |
• Multi-channel available | • No 24/7 customer support |
• Live chat support | • No phone support |
• FAQ section available | |
• Social media presence |
Note: These pros and cons are subjective and may vary depending on the individual's experience with Easy Forex's customer service.
On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. Our website provides a platform where users can access valuable information and resources to make informed decisions. We have a dedicated Exposure section where users can report fraudulent brokers or share their experiences if they have fallen victim to scams.
Our team of experts is committed to promptly addressing such concerns and taking necessary actions to resolve any issues. We prioritize the safety and satisfaction of our users, and we strive to maintain a trustworthy and transparent trading environment.
A series of educational resources is available at the research section of Easy Forex, such as a comprehensive Trading Course, Free eBooks, and a Knowledge Base. These resources aim to empower traders with the necessary knowledge and skills to make informed trading decisions.
Additionally, the Trading Glossary helps traders familiarize themselves with industry-specific terms, while the Economic Indicators provide insights into key economic events that can impact the financial markets. The FAQs section addresses common queries and concerns, ensuring that traders have access to relevant information at their fingertips. With its robust educational offerings, Easy Forex strives to equip traders with the tools they need to enhance their trading skills and stay informed in the dynamic world of financial markets.
Collectively, Easy Forex is a regulated broker that offers a variety of trading instruments, user-friendly platforms, and valuable trading tools. The broker's commitment to risk management and customer protection is evident through features like guaranteed stop loss and negative balance protection. However, there have been reports of scams associated with Easy Forex. Traders should exercise caution and conduct thorough research before choosing to trade with Easy Forex.
Q 1: | Is Easy Forex regulated? |
A 1: | Yes. It is regulated by Cyprus Securities and Exchange Commission (CYSEC, License No. 079/07). |
Q 2: | At Easy Forex, are there any regional restrictions for traders? |
A 2: | Yes. It does not provide services to residents of certain regions, such as the United States of America, Israel, British Columbia, Manitoba, Quebec, Ontario and Afghanistan, Belarus, Burundi, Cambodia, Cayman Islands, Chad, Comoros, Congo, Cuba, Democratic Republic of the Congo, Equatorial Guinea, Eritrea, Fiji, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Laos, Libya, Mozambique, Myanmar, North Korea, Palau, Panama, Russian Federation, Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, Turkmenistan, Vanuatu, Venezuela, and Yemen. |
Q 3: | Does Easy Forex offer demo accounts? |
A 3: | Yes. |
Q 4: | Does Easy Forex offer the industry leading MT4 & MT5? |
A 4: | Yes. It supports easyMarkets platform (web/app), TradingView, MT4 and MT5. |
Q 5: | What is the minimum deposit for Easy Forex? |
A 5: | The minimum initial deposit to open an account is $25. |
Q 6: | Is Easy Forex a good broker for beginners? |
A 6: | Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
Swissquote | Basic Information |
Founded in | 1996 |
Headquarters | Gland, Switzerland |
Regulation | FINMA, FCA, MFSA, SFC |
Tradable Instruments | Forex, Stocks, Options, Futures, CFDs, ETFs |
Account Types | Standard, Premium |
Minimum Initial Deposit | $1,000 |
Maximum Leverage | 1:100 |
Commission | Depends on the account type and instrument traded |
Spreads | Variable, starting from 0.6 pips |
Trading Assets | Currencies, Stocks, Bonds, Options, Futures, and Funds |
Trading Platforms | MetaTrader 4, MetaTrader 5 |
Customer Support | Phone, Email, Live Chat |
Educational Resources | Webinars, Tutorials, Market Analysis, News |
Additional Features | Swiss DOTS (Structured Products), Robo-Advisory |
Swissquote is a leading online forex and financial trading broker headquartered in Switzerland. It was established in 1996 and has since grown to become a popular choice among traders worldwide. The broker offers a wide range of financial instruments to trade, including forex, stocks, indices, commodities, bonds, and cryptocurrencies.
Swissquote offers several account types, including Standard, Premium, Prime, and Professional, to cater to different trader needs. The minimum deposit for a Standard account is $1,000, which is relatively high compared to some other brokers. However, the broker's range of account types and trading conditions may appeal to professional traders who require higher leverage and tighter spreads.
Swissquote provides its clients with access to several trading platforms, including MetaTrader 4 and 5, Advanced Trader, and their proprietary platform, Swissquote EDGE. The broker's platforms are user-friendly, feature-rich, and offer advanced trading tools and charting capabilities.
Yes, Swissquote is a legitimate broker with four entities under respective jurisdictions:
Swissquote Bank Ltd, which is based in Switzerland, is regulated by the Swiss Financial Market Supervisory Authority (FINMA).
Swissquote Ltd, which is based in the United Kingdom, is regulated by the Financial Conduct Authority (FCA).
Swissquote MEA Ltd, which is based in Dubai, is regulated by the Dubai Financial Services Authority (DFSA).
SWISSQUOTE FINANCIAL SERVICES (MALTA) LTD, is regulated by the Malta Financial Services Authority (MFSA).
These regulatory authorities ensure that Swissquote adheres to strict standards in terms of financial stability, transparency, and investor protection.
Swissquote is areputable and regulated broker, offering an array of financial instruments and account types for traders to choose from. As with any broker, there are advantages and disadvantages to consider. In the following table, we present a summary of the key pros and cons of trading with Swissquote. Swissquote undoubtedly offers a comprehensive range of trading instruments and state-of-the-art trading platforms that are designed to cater to the diverse trading needs of both novice and experienced traders. However, despite its many strengths, it falls short in terms of customer support, as it does not provide round-the-clock assistance, which can be a major drawback for traders who require immediate assistance during off-hours or in emergency situations. Whether you are a beginner or an experienced trader, this information can help you make an informed decision about whether Swissquote is the right broker for you.
Pros | Cons |
Regulated by reputable authorities including FINMA and FCA | Relatively high trading fees compared to other brokers |
Wide range of trading instruments including forex, stocks, ETFs, bonds, and cryptocurrencies | Limited education and research resources |
Competitive spreads and commissions | Inactivity fee charged after 24 months of inactivity |
Demo Account Available | No 24/7 customer support |
Various account types with different features to suit different trading needs | High minimum deposit requirement |
Availability of advanced trading platforms including MT4, MT5, and Advanced Trader | Limited customer support options outside of business hours |
Efficient and reliable customer support during business hours | No US clients accepted |
Swissquote offers a wide range of market instruments for trading, including over 130 currency pairs, commodities, stock indices, shares, bonds, and cryptocurrencies. As a well-established Swiss broker, Swissquote is able to offer trading on several Swiss-specific instruments, such as the Swiss Market Index (SMI) and the Swissquote Group Holding Ltd. (SQN) stock, as well as access to other global exchanges such as the NYSE, NASDAQ, and LSE. With such a broad range of market instruments, traders of different experience levels can find suitable trading options that align with their trading strategies and investment goals.
Swissquote offers a range of account types to cater to the varying needs and preferences of its clients. The primary account types available are the Premium Account, Prime Account, Elite Account and Professional Account. Each account type comes with distinct features and benefits, such as different minimum deposit requirements, leverage ratios, and spreads. The Premium Account requires a minimum deposit of 1,000 CHF or equivalent, while the Prime Accounts require a higher minimum deposit of 5,000 CHF or equivalent. The Elite and Professional accounts ask for the highest minimum deposit of 10,0000 CHF or equivalent.
The Standard Account provides clients with access to a wide range of financial instruments, including forex, CFDs, stocks, options, futures, and bonds. The Premium Account, on the other hand, is designed for high-volume traders and offers lower spreads and commissions, as well as personalized service. The Prime Account is designed for institutional clients and provides them with a dedicated account manager, as well as access to exclusive liquidity and pricing.
Moreover, Swissquote also offers an Islamic Account, which is compliant with Sharia law and is available to clients who follow the Islamic faith.
Swissquote offers a free demo account for clients to practice trading strategies and test out the broker's trading platforms without risking any real funds. The demo account provides users with virtual funds to trade on the same live markets as the actual trading accounts. The account comes with real-time pricing and charting tools, allowing traders to simulate trading conditions as closely as possible. This is an excellent opportunity for traders to get familiar with the broker's platforms and trading environment before committing any real money. Moreover, the demo account is ideal for both novice and experienced traders who want to try new trading strategies or test their current trading strategies without incurring any financial risk.
Overall, demo accounts are a valuable resource for any trader who wishes to sharpen their skills and become more proficient in their trading activities.
Visit the Swissquote website and click on the “Open your Account” button.
Provide personal information, such as name, email, and phone number, along with a valid identification document, such as a passport or driver's license.
After the account is created and verified, the next step is to select the desired account type and deposit funds, such as Premium, Prime or Elite accounts.
Agree to the terms and conditions and submit your application.
Swissquote offers several convenient deposit methods, including bank transfer, credit/debit card, and online payment services. Once the account is funded, traders can access the trading platforms, begin analyzing the markets, and placing trades on a variety of financial instruments.
Swissquote offers variable leverage levels depending on the financial instrument and the account type. For forex trading, the maximum leverage available is typically 1:30 for retail clients and up to 1:100 for professional clients who meet certain criteria. For CFD trading on indices, commodities, and cryptocurrencies, the maximum leverage ranges from 1:10 to 1:5, depending on the underlying asset.
Always keep in mind that high leverage can significantly increase the potential gains, but it can also magnify the losses, so it's important to use it with caution and always keep in mind the risks involved.
Swissquote offers competitive spreads and commissions to its clients. The exact costs depend on the type of account and the trading instrument being traded. The Premium Account has variable spreads, with the EUR/USD spread starting from 1.3 pips, while the Prime Account offers spreads starting from 0.6 pips. The Elite Account offers spreads as low as 0.0 pips, but it requires a higher minimum deposit and trading volume. The professional accounts provide spreads from 0.0 pips too.
In terms of commissions, the Premium Account and Prime Account charge zero commission. The Elite Account and the Professional Account charge a commission of EUR2.5 per side per lot traded. Overall, Swissquote is often seen as competitive in terms of spreads and commissions when compared to other major brokers.
Below is a comparison table illustrating the spreads of EUR/USD, UK100, Gold, and Silver offered by Swissquote and three other brokers - FXTM, XM, and Plus500:
Broker | EUR/USD Spread | UK100 Spread | Gold Spread | Silver Spread |
Swissquote | 1.3 | 1 | 0.25 | 0.03 |
FXTM | 1.5 | 1.2 | 0.35 | 0.03 |
XM | 1.6 | 1 | 0.35 | 0.03 |
Plus500 | 0.6 | 1 | 0.37 | 0.03 |
Non-trading fees are fees that Swissquote charges its clients for services that are not directly related to trading activities. Swissquote has a relatively low level of non-trading fees compared to other brokers. Swissquote does not charge deposit fees, but it charges withdrawal fees, which depend on the method used. Swissquote also charges an inactivity fee of CHF 50 per quarter if no trades have been made during the last six months. This fee is lower than the industry average, which is around $15 per month.
Besides, Swissquote also charges overnight swap fees, also known as rollover fees or financing fees, on positions that are held overnight. The amount of the fee depends on the currency pair, the size of the position, and the prevailing interest rates in the respective countries.
Swissquote offers a range of trading platforms suitable for both beginner and advanced traders. Its flagship platform is the Advanced Trader, which is a user-friendly and customizable platform that provides access to multiple markets and a wide range of trading tools. Additionally, the broker offers the popular MetaTrader 4 and 5 platforms, which are favored by many traders for their advanced charting capabilities and expert advisor features.
Swissquote Advanced Trader is a proprietary trading platform developed by Swissquote. It is a fully customizable platform designed to cater to the needs of professional traders. The platform offers advanced charting tools, a variety of technical indicators, and the ability to create and backtest trading strategies using the integrated programming language. Swissquote Advanced Trader also offers real-time news and market analysis to keep traders up-to-date with market events. The platform is available for desktop, web, and mobile devices.
Swissquote offers the popular MetaTrader 4 (MT4) trading platform to its clients, which is widely recognized in the industry for its reliability, speed, and advanced charting tools. MT4 is available for download on desktop, web, and mobile devices, allowing traders to access their accounts and manage their trades from anywhere at any time. Swissquote also offers a range of customized tools and indicators, allowing traders to personalize their trading experience on the platform. Additionally, Swissquote provides free access to Autochartist, a popular technical analysis tool that helps traders identify potential trading opportunities.
Swissquote offers the MetaTrader 5 (MT5) platform to its clients, which is the successor to the popular MT4 platform. MT5 has several advanced features such as improved charting capabilities, additional order types, and an economic calendar. Clients can also use MT5's algorithmic trading capabilities through the use of Expert Advisors (EAs) to automate their trading strategies. Swissquote's MT5 platform is available for desktop, web, and mobile devices, making it easily accessible for traders on the go.
Here is a table comparing the trading platforms offered by Swissquote, IG, and IC Markets:
Trading Platform | Swissquote | IG Markets | IC Markets |
MetaTrader 4 | √ | √ | √ |
MetaTrader 5 | √ | √ | √ |
Advanced Trader | √ | × | × |
WebTrader | √ | √ | √ |
Mobile App | √ | √ | √ |
Swissquote offers two primary deposit methods: wire transfer and debit card deposit. With wire transfer, clients can make deposits in various currencies, but the process may take longer, typically taking one to two business days to reflect on their account. On the other hand, debit card deposits are processed faster, typically within a few minutes, and they are available in CHF, EUR, GBP, EUR, AUD, JPY, PLN, CZK, HUF and USD.
Swissquote, a prominent brokerage firm in the financial market, has set its minimum deposit threshold at a noteworthy sum of CHF 1,000 or its equivalent in other currencies, which may be considered relatively high compared to other brokers in the industry.
Below is a comparison table depicting the minimum deposit prerequisites of Swissquote, Exness, and IG:
Broker | Minimum Deposit |
Swissquote | $1,000 |
Exness | $1 |
IG | $300 |
For withdrawals, Swissquote typically processes requests within one to two business days. Clients can withdraw funds using the same methods they used to deposit funds. However, it's important to note that some withdrawal methods may incur fees, so it's essential to check with the broker first before initiating a withdrawal request.
Swissquote offers customer support via various channels to ensure its clients receive timely and efficient assistance. Clients can reach Swissquote's customer support team via phone, email, and live chat, available during business hours. However, Swissquote's customer support is not available 24/7, which may be a disadvantage for clients who require immediate assistance outside of business hours. Nonetheless, the broker offers a comprehensive FAQ section on its website, which provides answers to some common questions, and clients can also seek assistance by submitting a ticket through the website. In addition, Swissquote offers support in several languages, including English, French, German, Italian, and Spanish, to cater to its global client base.
Swissquote offers a plethora of educational resources to help traders of all levels enhance their knowledge and skills. The broker provides various learning materials, including webinars, seminars, online courses, and e-books. Additionally, Swissquote offers market analysis and news to keep clients informed about the latest developments in the financial markets. This valuable information can help traders make informed decisions when executing their trades.
Pros | Cons |
Comprehensive educational material on various topics | No formal education program |
Interactive webinars and seminars with industry experts | Limited language options for educational material |
Wide range of market analysis tools and resources | No demo account for educational purposes |
Access to Swissquote's research and analysis reports | Some educational material requires a paid subscription |
Free educational material for all account holders | No personalized coaching or mentoring programs |
In conclusion, Swissquote is a well-established and highly regulated forex broker offering a wide range of trading instruments, advanced trading platforms, and competitive trading conditions. The broker has earned a strong reputation for its commitment to security, transparency, and innovation, which has made it a preferred choice for traders looking for a reliable and trustworthy trading partner. While the broker's high minimum deposit requirement may be a challenge for some traders, its educational resources and excellent customer support help to offset this disadvantage.
Q: Is Swissquote a regulated broker?
A: Yes, Swissquote is regulated by several financial authorities, including the Swiss Financial Market Supervisory Authority (FINMA) and the Financial Conduct Authority (FCA) in the UK
Q: What trading platforms are offered by Swissquote?
A: Swissquote offers several trading platforms, including the MetaTrader 4 and 5 platforms, the Advanced Trader platform, and a mobile trading app.
Q: What is the minimum deposit required to open an account with Swissquote?
A: The minimum deposit required to open an account with Swissquote is $1000.
Q: Does Swissquote offer a demo account?
A: Yes, Swissquote offers a free demo account with virtual funds for traders to practice trading strategies.
Q: How can I deposit and withdraw funds from my Swissquote account?
A: You can deposit and withdraw funds from your Swissquote account using wire transfer or debit card.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive easyforex and swissquote are, we first considered common fees for standard accounts. On easyforex, the average spread for the EUR/USD currency pair is -- pips, while on swissquote the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
easyforex is regulated by CYSEC. swissquote is regulated by FCA,MFSA,FINMA,DFSA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
easyforex provides trading platform including -- and trading variety including --. swissquote provides trading platform including professional ,standard,prime,premium and trading variety including custom.