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Do you want to know which is the better broker between Swissquote and Central Tanshi ?
In the table below, you can compare the features of Swissquote , Central Tanshi 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 swissquote, central-tanshi-fx 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:
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.
Company Name | Central Tanshi FX Co., Ltd. |
Registered in | Tokyo, Japan |
Regulation Status | Regulated by FSA (Japan) |
Years of Establishment | March 2002 |
Trading Instruments | 10 currency pairs |
Minimum Initial Deposit | No minimum requirement |
Maximum Leverage | Up to 25 times |
Minimum Spread | Variable, as low as 0.1 pips |
Trading Platform | Multiple versions for various devices |
Deposit and Withdrawal Method | Multiple currencies supported, click deposit and transfer deposit |
Customer Service | Online contact form, no phone support provided |
Central Tanshi FX Co., Ltd., headquartered in Tokyo, Japan, has been a key player in the financial services sector since its establishment in March 2002. Specializing in foreign exchange margin trading, the company offers a diverse range of trading services and is regulated by the Financial Services Agency (FSA) of Japan, ensuring strict adherence to financial regulations and consumer protection.
With partnerships encompassing over 20 major financial institutions, Central Tanshi provides traders with access to 10 currency pairs, a maximum leverage of 25 times, and variable spreads tailored to different time periods. Offering multiple trading platforms and flexible deposit methods, it aims to cater to the diverse needs of traders in the dynamic world of foreign exchange.
Central Tanshi is a legitimate financial services company. It is regulated by Japan's Financial Services Agency (FSA), a reputable regulatory body known for its stringent standards. The FSA ensures compliance with financial laws and regulations to protect consumer interests.
Central Tanshis regulatory certificate number adds an additional layer of transparency and trust. While I cannot provide real-time or the most up-to-date information, based on the information available, Central Tanshi does not display the characteristics commonly associated with scam operations.
Pros | Cons |
- Regulated by Japan's FSA | - Limited to 10 currency pairs |
- Multiple trading platforms available | - Lack of detailed customer support info |
- No minimum deposit requirement | - Absence of educational resources |
- Flexible deposit and withdrawal options | - Fees for foreign currency withdrawals |
- 24/7 trading availability for some instruments |
Pros:
Regulated by FSA: Central Tanshi is regulated by Japan's Financial Services Agency (FSA), ensuring adherence to strict financial standards and consumer protection.
Multiple Trading Platforms: The broker offers various trading platforms for different devices, enhancing accessibility and convenience for traders.
No Minimum Deposit: There's no minimum deposit requirement, allowing traders to start with the amount they are comfortable with.
Flexible Deposits & Withdrawals: Central Tanshi supports multiple currencies and offers options for both free click deposits and transfer deposits.
24/7 Trading: Certain instruments are available for trading 365 days a year, 24 hours a day, providing flexibility for traders.
Cons:
Limited Currency Pairs: The offering is limited to 10 currency pairs, which may restrict diversification for some traders.
Customer Support Information: Details about customer support are not provided, leaving traders uncertain about available assistance.
Lack of Educational Resources: The absence of information regarding educational resources may leave beginner traders without valuable learning materials.
Fees for Withdrawals: Foreign currency withdrawals and certain deposit methods may incur fees, impacting overall costs for traders.
Central Tanshi primarily focuses on Foreign Exchange Margin Trading Services. Through its online platform, it offers specific products such as “FX Direct Plus” for discretionary trading and “Central Mirror Trader” for automated trading. These offerings allow traders to diversify strategies and take advantage of market volatility.
The information provided doesn't give specific details about different account types offered by Central Tanshi. However, given that they offer both discretionary and automated trading options, it is possible that they offer different account types to cater to various trading styles.
To open an account with Central Tanshi, you can follow these 3 steps as outlined on their website at https://www.central-tanshifx.com/:
Step 1: Application
Go to the Central Tanshi website and fill in your name and address in the application form.
Review the documents you'll receive as part of your application.
You'll get an email confirming your application.
Step 2: Submit Documents
In the email, you'll find two options for submitting identity documents:
Easy Verification with Smartphone: Open the link on your phone, follow the instructions, and take a photo of your ID.
Upload Verification: Open the link on your PC or smartphone and upload your ID photos as instructed.
Step 3: Account Confirmation
If you used the smartphone method, once Central Tanshi reviews your documents, they'll send you an email with your user ID and password. You can start trading the same day.
If you chose the upload method, they'll send your user ID and password by registered mail to your address.
Log in to your account and complete additional information, like your My Number.
Keep in mind that Central Tanshi may approve or decline your account based on their review.
Central Tanshi offers a maximum leverage of 25 times. This allows traders to control larger positions with a smaller initial investment, potentially amplifying gains. However, higher leverage also increases the risk of significant losses. Clients should be aware that using leverage might increase the volatility of their portfolio, and they should have a comprehensive understanding of the risk associated with leveraged trading.
The company operates with variable spreads that depend on the time of day. During certain hours, spreads can be as low as 0.1 pips for USD/JPY and as high as 16.0 pips for GBP/JPY during other periods. This flexibility allows traders to strategize their trades based on market timing. However, it's crucial to note that wider spreads could eat into profits and make some strategies less viable. No information is available regarding commissions, so traders would need to inquire directly about any additional costs.
Currency Pair | Spread During 4:00 pm to Early Morning | Spread During Other Periods |
USD/JPY | 0.1 pips | 0.2 to 10.0 pips |
EUR/JPY | 0.4 pips | 0.4 to 10.0 pips |
GBP/JPY | 0.8 pips | 0.8 to 16.0 pips |
EUR/USD | 0.3 pips | 0.3 to 10.0 pips |
GBP/USD | 0.6 pips | 0.6 to 16.0 pips |
Central Tanshi provides a versatile trading environment through four different versions of their trading platform: smartphone, PC, iPad, and feature phone. The PC version comes with three additional options, including fast chart Trade Plus and a network trading system. Such diversity in trading platforms ensures that traders can execute orders and manage their accounts from multiple devices, offering flexibility and convenience.
Central Tanshi supports multiple deposit currencies, including Japanese Yen, US Dollar, and more. Deposits can be made via click deposit (free of charge) or transfer deposit (fees borne by the customer). Withdrawals in Japanese Yen are free, but withdrawals in foreign currencies are partly charged. This offers flexibility in currency and funding methods but can incur some costs, especially for foreign clients.
Central Tanshi Co., Ltd. strictly limits its contact options to an online contact form and does not entertain inquiries via phone. It is important to note that Central Tanshi Co., Ltd. operates as a separate entity, and consequently, it does not accept inquiries regarding the company through any means other than the provided online contact form. This approach reflects the company's chosen communication method and should be adhered to for any queries or concerns related to their services or operations.
Central Tanshi offers an extensive range of educational resources to empower traders. These resources encompass a comprehensive market view, informative columns, and educational videos and seminars to enhance traders' knowledge and skills. Access to the latest market information, exchange rates, and currency charts facilitates informed decision-making. Additionally, tools like the swap calendar, economic indicators, settlement date calendar, and FX holiday schedule provide valuable insights into market dynamics.
Furthermore, Central Tanshi equips traders with in-depth market analysis, historical price movements, correlation coefficients for currency pairs, monthly average growth and decline rates, Chicago IMM currency futures position trends, and the historical performance of major economic indicators, policy interest rates, and GDP figures. These educational tools empower traders with the knowledge and data necessary to make informed trading decisions.
In conclusion, Central Tanshi emerges as a regulated and accessible option for foreign exchange margin trading, offering multiple trading platforms, flexible deposit methods, and a 24/7 trading window for select instruments. However, its limited currency pair selection, lack of detailed customer support information, absence of educational resources, and potential fees for foreign currency withdrawals may impact the overall trading experience. As with any financial decision, prospective traders should carefully assess their individual requirements and preferences before choosing to open an account with Central Tanshi, ensuring it aligns with their specific trading needs and objectives.
Q: What regulatory body oversees Central Tanshi?
A: Central Tanshi is regulated by the Financial Services Agency (FSA) of Japan, ensuring compliance with rigorous financial standards.
Q: What is the maximum leverage offered by Central Tanshi?
A: Central Tanshi provides a maximum leverage of 25 times, allowing traders to control larger positions with a smaller initial investment.
Q: Can I trade on Central Tanshi's platform 24/7?
A: Yes, Central Tanshi offers 24/7 trading availability for certain instruments, providing flexibility for traders across different time zones.
Q: Are there any fees for depositing funds into my Central Tanshi account?
A: Central Tanshi offers free click deposits; however, fees may apply for transfer deposits, depending on the chosen method.
Q: How many currency pairs can I trade on Central Tanshi?
A: Central Tanshi offers a total of 10 currency pairs, including both yen currency pairs and cross currency pairs.
Q: Does Central Tanshi provide educational resources for traders?
A: While Central Tanshi offers a wide range of market analysis tools, there is no mention of specific educational resources for traders.
Q: What support options are available if I have questions or issues with my account?
A: Central Tanshi primarily relies on an online contact form for inquiries and does not provide phone support, limiting the available communication channels for traders.
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 swissquote and central-tanshi-fx are, we first considered common fees for standard accounts. On swissquote, the average spread for the EUR/USD currency pair is -- pips, while on central-tanshi-fx 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.
swissquote is regulated by FCA,MFSA,FINMA,DFSA. central-tanshi-fx is regulated by FSA.
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.
swissquote provides trading platform including professional ,standard,prime,premium and trading variety including custom. central-tanshi-fx provides trading platform including -- and trading variety including --.