Swissquote Bank debuted on the Swiss Stock Exchange in 2000, with current equity exceeding CHF 400 million. It offers a wide range of online financial and trading services, including stocks, funds, bonds, and cryptocurrencies, alongside traditional banking services like mortgage loans, savings accounts, and currency trading (forex).

Accounts Types

Swissquote offers two primary account types:

1. Swissquote Account: Encompassing comprehensive banking and investment trading, supporting 27 currencies and providing access to over 3 million products such as stocks, cryptocurrencies, ETFs, funds, bonds, options, and futures.
2. Forex & CFDs Account: Focused on online investment trading, supporting 15 currencies and offering 400 different contracts for differences (CFDs) including currencies, stocks, indices, precious metals, and commodities.

Comparison of Account Features and Costs

Swissquote Account

• Multi-currency Account: Supports 27 currencies.
• Trading Products: Over 3 million products including stocks, cryptocurrencies, ETFs, funds, bonds, options, and futures.
• Debit Cards: Free Light virtual card, paid Bright physical card (CHF 6.90 per month, waived for the first six months).
• Trading Fees: CHF 1.90 for domestic ATM withdrawals (first 5 withdrawals free per month with Bright), CHF 4.90 for withdrawals abroad; currency exchange fee of 0.95%; foreign exchange fee waived for 13 currencies, 1.5% for others.

Forex & CFDs Account

• Multi-currency Account: Supports 15 currencies.
• Trading Products: 400 CFDs including currencies, stocks, indices, precious metals, and commodities.
• Debit Cards: Not applicable.
• Trading Fees: Minimum stock commission of 10-20 USD; forex options commission of 10 USD plus spread; zero commission for metals, indices, and bonds, only charged spread.

Account Opening Conditions

• Minimum initial deposit of USD 1,000 for Forex accounts (accepted via online bank transfer or Visa/Mastercard).
• Submission of notarized passport copy and proof of address (can be submitted by mail or verified online through the website).

Documents Required

• Identification document (passport or ID card).
• Proof of address (phone or utility bill issued within the last six months).

Opening Process

1. Log in to the Swissquote Bank website and select the desired account type.
2. Fill out the account opening form and upload the required documents.
3. Complete online identity verification (requires connecting a camera).
4. Sign the contract online and submit the application, awaiting approval.
5. Upon successful approval, fund the account via bank transfer or international bank card.

Swissquote Bank not only provides comprehensive financial services but also ensures the security of client funds, protected by the Swiss Financial Market Supervisory Authority (FINMA) with deposit protection up to CHF 100,000. With flexible trading options and competitive fees, Swissquote Bank stands out as an ideal choice for both investment and banking services.