Swissquote

Fraud platform that maliciously liquidates position and does not responsible for it.

My friend got malicious slippage and liquidation at Swissquote platform and they do not compensate.

2022-04-12 11:09

Others

Transaction costs are extremely high

The commission is US$50 per standard lot, the pound-US spread is more than 55, and there are some overnight fees. After calculation, it is really the highest in the world. It is seriously inconsistent with the advertisement made by the bank, and there is fraud.

2023-01-18 20:58

Zhang Guoqing, agent of Swissquote, induce fraud as a fraud capital manager

Zhang Guoqing, agent of Swissquote, keeps introducing his trading system to customer. He is a fraud capital manager that promise low retreatment with high returns. According to statistics, this person has already been in the industry and committed several crimes, causing huge losses to many people. Please keep your eyes open and recognize this person, so as not to be deceived again. At present, it has been reported for investigation. If there is still one who has been deceived, please private message me to add more evidence.

2022-03-04 07:50

Swissquote agent, Zhang, fraud

Let's have a look on this person's history first, Zhang Guoqing, this person uses Swissquote's agent to build customer trust and help customers hedge their deposits and withdrawals. There are multiple WeChat accounts, multiple mobile phone numbers, pseudonyms for external use, Zhang Guoqing, fraudulent tactics, high returns with EA, small drawdown, using customers to play AB positions for hedging, the order never stops losing, this person is a trading novice, Using user A's position to hedge with B's position, the loss of B's position is blackened, and the profit of A's position is divided. At present, the industry has been entangled by this person, and the amount involved in the case is as high as 5 million US dollars. This person said that he has a company and a technical team. They are all directed and acted by themselves. This person is already a black household in the court. Zhang Guoqing, ID number: 60105198610010536

2022-03-06 16:18

The spread is huge and the handling fee is high

I never trade before and was deceived to this platform. I realize later that it is a such fraud platform.

2022-06-28 00:08

Unable to Withdraw

FRAUD.

My account might have lost up to $54,205 because they intervened in the MT5 program, causing the closing price to be completely different from the price at which I placed the stop loss order. View comprehensive spreadsheets and images derived from the orders. swissquote closed it. continued to put off withdrawals

2022-07-17 20:25

TMGM black platform, maliciously expanding the spread, more than two hundred pips!

My account is 7148871. I trade on the TMGM platform. I choose to use this platform for its security and stability. But TMGM is a black platform. On December 26th, XAU/USD malicious slippage and expanded more than two hundred pips, resulting in the liquidating of more than 100,000 U.S. dollars. The liquidity provider offer is not so low, the platform's forced leveling mechanism also has a problem. I hope that this matter is exposed so that everyone will be warned not to use this black platform, this platform is not trustworthy.

2023-12-28 16:21

Others

Swissquote is a fraud platform that maliciously widened the spread and arbitrarily changes the quota

My friend traded on the Swissquote platform. Originally, he chose to use this platform for the safety and stability of Swissquote. As a result, the Swissquote black heart platform maliciously slipped and widened dozens of spreads on the pound button on April 5, causing my friend More than 100,000 US dollars were sold out. Later, I found the platform and asked why the quotation was different from other platforms. The customer manager Huang Zhicong said that he would appeal to the platform, and said that the quotation of the platform's liquidity provider Bloomberg was not so low at that time. I have provided evidence, but a few days have passed without a clear reply. Maybe the platform does not want to be responsible, so Swissquote is not a safe platform, but a black-hearted platform. I don’t know how to change the quotation at will, expand the spread, and cause losses to customers. Negative value, there is also a problem with the platform's liquidation mechanism. I hope that this matter will be exposed, so that everyone can learn from it. Don't use this black-hearted platform. This platform is not trustworthy.

2022-04-12 09:36

Unable to Withdraw

Never withdrew money

I wanted to withdraw the remaining $73, it's been almost two weeks and it still hasn't been credited to my account. The customer service is slow in responding to emails.

2024-08-27 20:35

Unable to Withdraw

sheer scam, stay away

I was pressured into adding deposits to my already funded account in order to avoid losing everything which is ridiculous if you ask me. After many phone calls, emails and threats to take legal action, they promised to make a settlement but did nothing Making a report to a complainant fintrack/ org saw me receive my investment back from the broker though i couldn't get to close the account I was able to cut all ties with Swissquote

2022-07-18 14:25

Everyone, don’t trade at Swissquote Bank, it’s all shills, account opening is used as a cage, group shills, fraud, masters bring orders, shills pretend to be fans with orders to deceive customers

A bank as big as Swissquote Bank still uses this kind of indiscriminate method to open an account, and then uses handling fees and increased spreads to defraud the hard-earned money of ordinary people. It only needs 250 US dollars in one hand, and it will charge 50 US dollars in handling fees and then at least The difference is about 65 points, the two add up, the cost is more than half, even if you earn half, you still lose money, and the gods can’t make money, and the teacher will make you lose 580,000 or even 1 million for 10 days.

2023-01-10 19:29

Induce to trade a reverse order, resulting in liquidation

I joined a QQ group for stock trading in April. At first, the teacher explained the knowledge of stocks, and the class started on time every night. At that time, the A-share market fell to more than 2,000 points. They took advantage of the current situation and began to tempt us to do foreign exchange and A50 index. It is followed by opening an account, posting profits, and complimenting the teacher. More and more friends are unable to resist the temptation, and I am among them. Opened an account and made a deposit, with a total of 167,000 RMB. At the beginning of the operation, there is a so-called teacher's guidance. I made a reverse order at the beginning, and it took a month to solve it. I didn't notice it at the time. Later, I solved it and made some orders, all of which were dozens of profits, and I found that there was a little bit of profit. Profit, the teacher will prompt out. Once it comes out, the profit goes up. Within two days, it was said that there was a wave of interest rate hikes by the Federal Reserve, which made me do more than 8 hands, during which I lost thousands of hours. Then it said that the wrong market situation was judged, resulting in a liquidation. These routines are obvious fraud routines! The Q group is gone, it is said to be blocked.

2022-07-07 18:46

Resolved

Swissquote transfer Swiss account to UK without notice

It was a Swiss account when I opened it and I have not play it for a while. When I log in, I saw the account was belong to UK of Europe and I have not receive any email about transferring the account.

2021-12-20 13:33

Others

Swissquote, why not seven supervisions?

Swissquote has seven supervisions in total. Switzerland, United Kingdom, Singapore, United Arab Emirates, Luxembourg, Hong Kong, Malta and other countries and regions. Some people cannot see others well. I had seen so many people from my own countries in recent years in foreign. Rather than saying about open a foreign exchange trading service provider, it is better to say to open a pawnshop. I can earn yours, but you can't earn mine.

2022-02-16 13:25

Maliciously tampering with the closing price

I closed the order manually on December 5th. At that time, my net worth was still more than 8,000 US dollars. At this time, the lowest point was at 1.06. However, after I closed dozens of orders, it was all displayed at 1.05377. This point does not exist at all. There are still more than 8,000 net worth of liquidation money. After the liquidation, the balance actually shows more than -2,600. The Swiss trading office has a tough attitude and cannot explain why all the orders are closed at the point of 1.05377. At that time, they took a fancy to the security of the platform. , did not expect to be able to maliciously modify the closing position just like the black platform

2022-12-07 03:40

Swissquote · Company summary

The trader deliberately opened a position with a large lot, and the position was liquidated overnight.

Why was pound not liquidated at a high price, but was liquidated when the price was more favorable? This is because the spread is widened. When locking a position, you must consider the possibility of the spread expanding. Depending on whether it is late or just opened. When the liquidity is different, the spread is also different. According to the screenshot, the spread at that time was 1.75584-1.75511 = 73 points and when your account was liquidated, the spread widened to 187 points due to lack of liquidity due to the close of the market. At that time, your lock-up lot was 20 lots, so it was 20*(187-73) points and then converted into Canadian dollars and divided by 1.26 = 20*(187-73)/1.26 = USD 1809 . ** Subtract 73 points, yes Because at that time when the pound plus point difference is 73 points, your net worth is USD 1803, and the advance payment is USD 687.55 as the basis**. If the liquidation rate is 30%, 687.55*30% = USD 207, you must have USD 207 to maintain your position. However, due to the widening of the spread, your floating loss reached USD 1809 at that time, and the net value of USD 1803 – USD 1809 < USD 207 was no longer enough to maintain the position, which eventually triggered a liquidation order. We are also very sorry for this result. If you have any other questions about this result, please contact us.

2022-05-01 20:38

Sources

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Mkt. Analysis

Material

Swissquote	Basic Information
Founded in	1996
Headquarters	Gland, Switzerland
Regulation	FCA, MFSA, FINMA, DFSA
Tradable Instruments	Stocks, currency pairs, precious metals, stock indices, commodities, bonds
Demo Account	✅
Leverage	Up to 1:30 (retail)/1:100 (professional)
Spread	From 0.6 pips (Prime account)
Trading Platform	Mobile App, MT4, MT5, Money Managers
Minimum Deposit	1,000 EUR/USD/GBP/CHF
Customer Support	Phone, Email, Live Chat
Regional Restrictions	USA

Overview of Swissquote

Pros & Cons

Pros	Cons
Regulated by reputable authorities	Limited education and research resources
Wide range of trading instruments	Inactivity fee charged after 24 months of inactivity
Competitive spreads	No 24/7 customer support
Demo accounts available	High minimum deposit requirement
Various account types with different features	Limited customer support options outside of business hours
Availability of advanced trading platforms - MT4, MT5	No US clients accepted
Efficient and reliable customer support during business hours

Is Swissquote Legit?

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.

Market Instruments

Account Type

Moreover, Swissquote also offers an Islamic Account, which is compliant with Sharia law and is available to clients who follow the Islamic faith.

Demo Trading

How to Open an Account with Swissquote?

Step 1: Visit the Swissquote website and click on the “Open your account” button.

Step 2: Provide personal information, such as name, email, and phone number, along with a valid identification document, such as a passport or driver's license.

Step 3: 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.

Step 4: Agree to the terms and conditions and submit your application.

Step 5: Swissquote offers several convenient deposit methods, including debit card (Visa, MasterCard) and bank wire transfer.

Step 6: Once the account is funded, traders can access the trading platforms, begin analyzing the markets, and placing trades on a variety of financial instruments.

Leverage

Spreads & Commissions (Trading Fees)

Non-Trading Fees

Trading Platform

Swissquote offers Mobile App, MT4, MT5, and Money Managers.

Deposit & Withdrawal

Educational Resources

Conclusion

FAQs

Is Swissquote a regulated broker?

Yes, Swissquote is regulated by several financial authorities, including FCA, MFSA, FINMA, and DFSA.

What trading platforms are offered by Swissquote?

Swissquote offers several trading platforms, including the MetaTrader 4 and 5 platforms, Mobile App, and Money Managers.

What is the minimum deposit required to open an account with Swissquote?

The minimum deposit required to open an account with Swissquote is 1,000 EUR/USD/GBP/CHF.

Does Swissquote offer demo accounts?

Yes, Swissquote offers a free demo account with virtual funds for traders to practice trading strategies.

How can I deposit and withdraw funds from my Swissquote account?

You can deposit and withdraw funds from your Swissquote account using bank wire transfer or debit card (Visa, MasterCard),.

News

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2024-10-22 18:01

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NewsSwissquote sponsors the two Ice Hockey Clubs

Swissquote recently announced its sponsorship of two ice hockey clubs. ZSC Lions and Genève-Servette Hockey Club are two of Switzerland's most prominent and successful ice hockey clubs. The partnership involves supporting both clubs in various aspects, including financial assistance and promotional activities.

2024-08-29 13:31

Swissquote sponsors the two Ice Hockey Clubs

NewsSwissquote Surges: 36% Profit Increase in First Half 2024

Swissquote reports a 36% profit surge in the first half of 2024, driven by strong market conditions and increased trading activity, benefiting both clients and employees.

2024-08-14 12:37

Swissquote Surges: 36% Profit Increase in First Half 2024

NewsSwissquote Introduces Innovative Securities Lending Program

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