Swissquote: fraudster or not
It is part of the largest holding company Swissquote Group Holding Ltd, which holds a leading position in the financial and trading services industry in Europe. The brokerage organization started working in 1996. Four years later, it became a member of the SIX Swiss Exchange. Currently, the platform offers its services in different countries of the world. Its branches are located in London, Malta, Hong Kong, and Dubai. Whether such a broker is suitable for domestic traders and whether it is a fraud (see the rating of reliable brokers here: https://eto-razvod.ru/best-forex-brokers/)? Next, we will try to answer this question.
Trading conditions of the brokerage company
The company has four types of accounts available for trading on Forex:
Standard. On it, the Deposit amount is from 1000 dollars.
Premium. The Deposit amount must not be less than ten thousand dollars.
Prime. The amount deposited to the account is not less than 50 thousand dollars.
Professional. Individual, special conditions apply to traders on this account.
On each of them, the minimum transaction size is 0.1 lots. Thanks to this approach, market participants build their trading activities using small investments. Floating leverage is available to users. It can be configured depending on the selected strategy for trading. Its maximum size is 1: 100. The broker offers to use a stop-out if the amount of the initial asset size falls to 30 percent. Such techniques do not allow the company’s clients to lose all their capital. With these indicators, traders have a smoothness between success and failure during their activities.
Technical support is multilingual, but only English-speaking operators are available for domestic users. The site has a lot of background information. You can use a free demo account to work out strategies and learn how to trade on the market. You will be charged for using the trading platform.
A company from Switzerland offers two types of trading at once:
Trading using automated robots.
The last type of trading activity is available in demo mode when registering on the broker’s official website. Based on the chosen strategy, a well-thought-out algorithm will calculate the optimal actions. The company does not work with PAMM accounts. Traders have the opportunity to participate in market trading using 130 types of assets. Among them: futures, currency pairs, options, securities, and others. The platform supports 15 main types of currencies.
There is no Commission for transactions. But the broker has set a margin requirement that ranges from 1 to 4 percent of the user’s total assets. In addition, there are Swaps on the site. The official Internet portal provides all information about trading activities and their conditions. Traders are given the opportunity to open a savings account and receive 0.5 percent per annum on the balance.