swissquote

Swissquote broker is actually a Swiss banking group named Swissquote Bank Ltd that has been operating since 1996, and its shares trade on the Swiss stock exchange. The group combines the credibility of traditional banking with online trading in forex, stocks, crypto, options and futures. In this overview, Teagle's editorial team reviews Swissquote's licenses, accounts, costs and availability to Iranians based on recorded data.

What kind of broker is Swissquote?

Swissquote is based in Switzerland with about 30 years of history and, unlike most forex brokers, is a full-fledged bank. According to the company, eligible clients' cash deposits are covered by Switzerland's official bank deposit insurance scheme (esisuisse). Tradable markets include forex, metals, stocks, indices, energy, bonds, cryptocurrencies, and options and futures instruments, and over 400 forex, metals, CFD, crypto and stock symbols are available in the trading accounts.

Swissquote's licenses and credibility

According to Teagle's latest review, Swissquote's active licenses are:

• UK FCA: number 562170, status active.
• Dubai DFSA: number F001438, status active.
• Singapore MAS: status active (the license number is not recorded in Teagle's data).

All three are top-tier regulators, and no offshore license appears on Swissquote's list. The broker's profile also mentions direct supervision by Switzerland's FINMA, although this license is not included in Teagle's list of recorded licenses. To learn how this level of oversight differs in practice from offshore licenses, read the article broker regulation tiers .

Does Swissquote serve Iranians?

For residents inside Iran, no. Teagle's analyst stresses that the reason is not a lack of credibility but practical restrictions: to open an account, Swissquote requires strict identity verification, proof of residence and an initial deposit from an official bank account in the applicant's own name in their country of residence, and given the sanctions, this is currently not possible for users inside Iran. For Iranians living abroad who have valid residency and a bank account, the situation may be different.

Swissquote trading accounts

Swissquote offers four accounts on MetaTrader 4, MetaTrader 5 and the CFXD platform. All accounts have floating spreads, a 30% stop-out, a 100% margin call level and an Islamic version, and no requotes have been recorded:

• Standard account: minimum deposit $1,000, no commission, spreads from 1.7 pips.
• Premium account: minimum deposit $1,000, no commission, spreads from 1.4 pips.
• Prime account: minimum deposit $5,000, no commission, spreads from 1.1 pips.
• Professional account: minimum deposit depends on volume, negotiated spreads and variable commission.

Swissquote's spreads are higher than those of low-cost brokers; if this matters to you, read the article spread in forex trading . Teagle's data on maximum leverage is inconsistent, so it is best to confirm the exact figure for your account with the broker.

Swissquote platforms and services

In addition to MetaTrader 4 and 5 (Windows, Mac, Android, iOS and WebTrader versions) and the proprietary CFXD platform, the broker's profile also mentions a TradingView integration. Additional services include education, PAMM, support for expert advisors and bots, virtual private servers (VPS), a trading API, an IB partnership program, an economic calendar and calculators. Scalping, hedging and news trading are also allowed. If you use bots, it helps to be familiar with the use of VPS in forex .

Swissquote deposits, withdrawals and fees

Payment methods are limited and bank-based:

• Bank transfer: free deposits with a minimum of 500 Swiss francs or equivalent, processed within 1 business day; withdrawal fees range from free to $25 depending on the transfer type.
• Visa/Mastercard card: instant deposits with a 1.9% fee within the SEPA zone and free outside it; withdrawals to cards are not possible.
• Internal transfer: instant and free.

Also factor in additional costs: Retail clients who do not trade are charged an inactivity fee of up to 10 units of the account's base currency per month, and holding stocks, funds, bonds or crypto incurs a custody fee of 20 to 50 francs per quarter depending on asset value; cash balances carry no custody fee.

Swissquote's rating and risk on Teagle

Swissquote's overall rating on Teagle is 3.24 out of 5: WikiFX 3.7, Trustpilot 3.5 and Forex Peace Army 2.51; no reviews from Teagle users have been submitted yet. The Teagle Eye risk score for this broker is 23 out of 100, in the "low to moderate risk" category; three active top-tier licenses and 30 years of history keep it low, while average reputation scores prevent it from reaching a lower risk level. See its position in the ranking of the lowest-risk brokers .

Pros and cons of Swissquote

• Pro: high banking-grade security and credibility, and top-tier licenses
• Pro: multiple platforms and a wide range of assets
• Pro: reward and cashback schemes and professional services such as API and PAMM
• Con: relatively high minimum capital and strict initial deposit requirements
• Con: inactivity fees and custody fees
• Con: geographic restrictions and no way to open an account from inside Iran

Who is Swissquote suitable for?

According to Teagle's analyst, Swissquote suits professional traders and long-term investors who prioritize banking security, reputable regulation, market variety and multi-currency services, and who have access to an international bank account. It is not suitable for beginners, people with limited capital or those who need high leverage and low costs, or residents of Iran. If you are considering another Swiss bank, see the Swissquote vs Dukascopy comparison . Recalling the 2015 Swiss franc crisis also shows that even with the most reputable brokers, risk management is the trader's own responsibility.

Conclusion

In terms of credibility, Swissquote ranks at the top of the market, but banking requirements and sanctions have put it out of reach for users inside Iran. If you are outside Iran, calculate the additional fees before depositing, start with a small amount, make a test withdrawal, and follow new warnings on the risk warning page .