Look a broker up before you trust it

Ten quick answers

Does Swissquote hold a licence?
It does. Swissquote is supervised by FINMA, FCA, CSSF, DFSA, MAS, SFC, and its licence number is FRN 562170 (FCA). You can look that number up on the regulator's own public register.
How much do I need to open a Swissquote account?
Swissquote sets its minimum first deposit by company and account type, so confirm the current amount for your country on the broker's official website.
Can I trust Swissquote with my money?
Swissquote has been trading since 1996 and is regulated by FINMA, FCA, CSSF, DFSA, MAS, SFC. Before you deposit, check on the regulator's public register that the licence is still valid, and put in only money you can afford to risk on leveraged products.
Can US residents open an account with Swissquote?
No. Because of US regulatory requirements (CFTC/NFA), Swissquote is not taking clients who live in the United States at present.
How much leverage does Swissquote offer?
The highest leverage at Swissquote is 30:1 retail (UK / EU); varies by entity. The limit for retail clients depends on where the account is regulated: under tier-1 regulators (FCA, ASIC, CySEC) it is lower than under offshore regulation.
Can I use MetaTrader 4 or MT5 with Swissquote?
Yes. MetaTrader 4 and/or MetaTrader 5 are available at Swissquote next to its other platforms.
Which trading platforms can I use at Swissquote?
At Swissquote you trade through Swissquote app, Advanced Trader, MT4, MT5. Where applicable, each of these comes in a desktop and a mobile version.
How quickly does Swissquote pay out withdrawals?
How long a Swissquote withdrawal takes depends on the payment method and on the company that holds your account. Your KYC verification has to be finished first, and the broker's payments page gives the current processing times.
Will Swissquote charge me for withdrawing?
That depends on the payment method and on the company that holds your account. A payment processor or bank may also add a fee of its own, which the broker does not control. The broker's payment terms give the current details.
Does Swissquote have a demo account?
Yes. Swissquote provides a demo account at no cost. It is loaded with virtual funds, so you can try the platform, practise your strategies and look around the available markets before you risk real money.