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Score
Hong Kong
10-15 yearsRegulated in Hong Kong
Leveraged foreign exchange trading
Suspicious Scope of Business
High potential risk
Benchmark
Add brokers
Comparison
Quantity 30
Exposure
Score
Regulatory Index6.54
Business Index8.27
Risk Management Index0.00
Software Index5.89
License Index6.54
Single Core
1G
40G
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Company Name
Swissquote Asia Limited
Company Abbreviation
Swissquote
Platform registered country and region
Hong Kong
Company website
Company summary
Pyramid scheme complaint
Expose
I have to pay other fees to withdraw funds.[3f][3f][3f]
When the market fluctuates greatly, the slippage is serious, which can easily lead to losses
This platform is fake with serious slippage. I cannot make profit and they induce via QQ, and paricipate the propoganda. They disappear after deposit.
In July 2022, in a stock QQ group, a manager, Huang, recommended opening forex trading and copying orders. But I am a newbie, and I have no idea that Swissquote originally had no handling fees, and the spread is so high(I only learned about it later) that one lot costs US$50. After following them, I was tricked and lost all my money. I lost all my money by trading with them. I endured it and asked for nothing more than the return of the handling fees.
No withdrawal and ask me pay various fees. A bunch of liars
It’s said that other fess should be paid before withdrawing funds. I don’t know what they mean.
Swissquote's customer service did not inform the transaction risks, and after doing it, the market felt extremely risky of liquidation. i applied for additional funds, but the funds have not arrived. caused me to blow up. unreliable
And before opening an account, they didn't tell you that there was a handling fee of $50, a difference of around 65 pips, and no return call. The teacher and a group of trustees asked me to follow the teacher to operate. The teacher told me to operate most of the stop-loss operations secretly and only dared to do a few, all of them earned money. In addition, when closing the position, the slip point was at least 20 points. Don't be fooled, and you must not work hard to be cheated
Swissquote. I downloasded it via QR code which the fraud offered.
This probably a fraud platform, the platform spreads seriously, the handling fee is extremely high
The QQ group induces account opening, and the platform charges a handling fee for depositing funds. The spread is huge and there is a handling fee for each order. After deceiving a bunch of people to open an account, the group disbands inexplicably.
Don’t know if this is a clone. At first, I just wanna deposit thousands of money but I was asked to deposit hundreds of thousands of money. I just withdrew funds successfully once and then I can’t withdraw funds for insufficient turnover and credit score, illegal operations and money laundering. And my account has been locked again and again. I am still unable to withdraw funds. I wanna withdraw my money, and they said my turnover was not enough. So I hurried o trade yesterday and lost all. I woke up and searched online, findng that it is a scam. I lost all my money, over 200,000 RMB. I borrowed this money online. Now I should pay back the money at the beginning of this month. Don’t know what to do
Is it a clone firm? Keep asking for many kinds of money, such as margin
Gold and AUD has serious slippage. I ask customer service many times and they told me that it is normal. It is unreliable.
I opened an account on Swissquote in July, 2018 via an IB, depositing $2,000. And now there is $2,033 in my account. I am so busy so I don't have enough time to trade. I wanna withdraw funds. But the IB hasn't replied to me after I had communicated with her. My agent is Fang Fu.
Third-party transfer is supported when opening an account. It's kind of friendly to begin with. After all the funds were deposited, their attitude changed quickly. Third-party transfers are no longer supported. The transfer I am talking about here is the transfer to a third-party personal account, not risk funds or transfer to other trading platforms and not even money laundering. And its official website so far says it supports third-party transfers. I'm still a frequent trader. But the client manager directly announced that it does not support or provide third-party transfer services, and refused to give a reason. Be careful, everyone: Swissquote's client managers can set their own rules and are not bound by Swissquote's rules. Even complaining does not solve the problem. This shows that the bank manager defaults that the client manager can not abide by the bank's rules and not give any reason to restrict the user's account functions. It is very convenient when the money goes in, but it is too difficult to withdraw the money. I contacted with the customer service manager, but there was no answer at all. This bank is totally dishonest and ride roughshod over its clients, and the client manager is very rude.. Like others such as Interactive Brokers and XM, all emails are 100% replied and they are very honest and professional. At least, they respect clients. Swissquote is the most arrogant and rude platform I have ever traded with. It's self-destructive for them to be dishonest and bully customers.
Basic | Information | |
Registered Country/Region | Hong Kong | |
Company Name | Swissquote Asia Limited | |
Founding Time | 1996 | |
Minimum Deposit | $1000 | |
Maximum Leverage | N/A | |
Minimum Spreads | From 0.1 pips | |
Trading Platform | MT4 & MT5 Trading Platform | |
Demo Account | Available | |
Trading Assets | Currency Pairs, Precious Metals | |
Payment Methods | N/A | |
Customer Support | Telephone & Email Support |
General Information
Swissquote Asia Limited is a wholly owned subsidiary of Swissquote Bank Ltd, which is Switzerlands leading online financial and trading services bank and a global leading in forex, providing banking services to both individual and institutional clients in more than 120 counties.
Swissquote Asia Limited is licensed by the Hong Kong Securities and Futures Commission (SFC), with License No. AZV127.
Products & Services
With the Swissquote platform, over currency pairs can be traded. Investors can trade forex convenient online 24 hours, 5 days a week. Besides a series of CFD products on stock, indices, commodities, and bonds are also available.
Account Types
Swissquote offers four account types for professional traders. They differ in the size of the minimum deposit, the type/level of the spread, and the minimum trade size.
A standard account with a minimum trade size of 0.01 lot. Deposit – US$1,000, leverage - up to 1:100, spread - from 1.7 pips.
The Premium is its most popular trading account with a minimum trade size of 0.1 lot. Deposit - US$10,000, leverage - up to 1:100, spread - from 1.4 pips.
The Prime is a trading account for institutional managers and other large traders, where the minimum trade size is 1 lot. Deposit - US$50,000, leverage - up to 1:100, spread - from 1.1 pips.
A professional account, where the deposit, minimum trade size, leverage and spread are set individually.
Trading Platform
Three trading platforms are provided, including Advanced Trader, MetaTrader 4 MetaTrader 5 trading platform.
Deposit & Withdrawal
There are two options for depositing and withdrawing money: bank transfer and bank cards (Visa and Mastercard). Swissquote allows withdrawals of funds only at the specific request of the client and does not have electronic systems in the list of methods. The commission for withdrawing money depends on the region to which the transfer is made, as well as on the selected withdrawal method.
When withdrawing to Visa and Mastercard bank cards, crediting occurs instantly or within two hours from Monday to Friday from 8:00 to 22:00 CET.
Customer Support
If clients have any inquiries or trading-related issues, they can get in touch with Swissquote through the following contact channels:
l Phone numbers: +41 44 825 88 88, 0848 25 88 88
l Email: fx@swissquote.com,
l Online Chat
l A feedback Form
l Make an application for an online meeting
Deposit & Withdrawal
User Reviews
Lets say what users say:
Mary Snaith
7th June 2022
Swissquote service level and quality are pretty good, I trade EUR/USD, the spreads are relatively high compared to other brokers. And, nevertheless, there are new challenges ahead. Anyway, so you can trade.
John
22 March 2022
Swissquotes trading platform is lightning-fast. The order execution leaves no one cold, and there are no screw-ups. Everything is on another level here and you can trade freely like a real race.
Judy Bell
12 July 2022
If you don't have money to burn, you can practice using virtual currency. For this, a free practice account should be opened on the site. The broker does not compensate for commissions charged by third parties.
Swissquote introduces the US Congressional Trader, providing insights into the stock trading activities of US congress members. Explore thematic investments with greater transparency.
Swissquote recently released an update for its mobile app, enhancing the user experience and functionality.
Swissquote extends UEFA partnership, aiming to enhance its brand and connect with a wider European audience through football.
Swissquote, a well-known broker, has unveiled its new website. The website swissquote.com now features a new design, navigation, and various upgrades to improve the Swissquote customer experience and continue to bring in financial possibilities.
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