Looking for Swissquote crypto trading? You’ve landed in the right place. Our Swissquote review found that this is a great site for crypto trading – especially for those that are new to buying Bitcoin.
Our Swissquote crypto review found that this brand allows you to buy cryptos outright and trade on their value as CFDs. This is great news as the Swissquote cryptocurrency service is just one arm of one of the safest online trading sites in the world.
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We think that the Swissquote site is very simple to use and nice to look at. It features a crisp and stylish orange, white and black colour palette and everything is logically arranged, which is more than can be said for many other crypto broker sites. We particularly liked the way that the Crypto Assets section was clearly marked out.
Everything from making your trades to adding funds to your Swissquote wallet proved to be straightforward and quick. Plus it’s worth noting that there are excellent Swissquote mobile trading apps that are available for Android and iOS devices. Just so you know, it looked like Swissquote had a monthly trading volume in excess of $115 billion just before we created this review, so this trading site isn’t going to disappear with your money.
Swissquote gives you different ways to trade cryptos, but you will always have to start off by creating a user account. This will require you to enter in your name, nationality, legal address, mobile number and so on. Once you have submitted all of the relevant personal information you will have to click on the email link to verify your account.
From here, you will get the chance to make a deposit either via a bank transfer or a card. Then it’s a matter of downloading the brand’s MetaTrader software to your device or using the trading app. Here you’ll get the option of trading CFDs of cryptocurrencies or simply buying the crypto assets and adding them to your wallet.
You get a small but reliable choice of ways for making deposits at the Swissquote site. This basically means that you can either make a deposit with a Visa or MasterCard credit card, or you could make a bank wire transfer into your Swissquote account. While you won’t be able to make a deposit in Indian rupees, you should still be able to add funds to your account with the following currencies: GBP, EUR, CHF, AUD, JPY, PLN, CZK, HUF and USD.
There are no charges for depositing with cards, although Swissquote mentions the fact that your bank might add a fee for making a bank transfer deposit. Card deposits should be instant while most bank transfer deposits should be carried out on the same day. Withdrawals should follow the same procedure with most payout requests being undertaken in just a handful of banking days.
You should always be able to get friendly and responsive customer support at Swissquote. We simply clicked on the live chat button and found that it offered a fast way to get a response. It was also good to see that there is an international customer care telephone number which is something that you don’t see from too many online broker sites.
Don’t forget that you can also contact Swissquote on its Facebook, Instagram and Twitter social media channels. Just remember that the Swissquote customer service department is only open between the hours of 0800 and 220 Central European Time from Monday to Friday.
We were pleased to see that Swissquote is authorised and regulated by all of the major governing bodies such as the Financial Conduct Authority in the UK, the Dubai Financial Services Authority in the UAE, the Securities and Futures Commission in Hong Kong, and so on.
You’ll also receive plenty of customer protection due to the fact that Swissquote’s website and its MetaTrader platforms are all encrypted with high-level SSL security technology. All of which means that you can feel confident in how the brand is handling your data and deposits.
While we felt that Swissquote offered a smooth and satisfactory online trading experience, it’s evident that not all people feel this way. A quick browse of some Swissquote customer reviews revealed that some people felt that it offered ‘terrible support’ and a ‘confusing interface’.
We were a little surprised with such an opinion as it was the direct opposite of what we experienced during our time at Swissquote. However, it’s worth noting that the majority of customer opinions regarding Swissquote seem to be positive and the brand has a good reputation overall.
If you go to most crypto brokers, you’ll find that you can normally only buy CFDs of cryptocurrencies. This means that you don’t actually own the cryptocurrency, but will instead trade on the falling or rising value of the cryptocurrency. While the Swissquote crypto India service allows you to gain exposure to cryptocurrencies via CFDs, it’s important to note that you will also get a chance to actually buy and sell cryptos from your own Swissquote wallet.
Unsurprisingly, there is a quality Swissquote Bitcoin trading service, but we were also impressed to see that the broker also allows you to trade over a dozen more cryptocurrencies. These included major cryptos such as Ethereum, Litecoin, Ripple, Bitcoin Cash and so on. All of which gives you an easy way to trade cryptos against each other or against fiat currencies.
We loved how transparent Swissquote is in how it applies its fees. The majority of trading sites like to keep their fees hidden, but Swissquote is mercifully upfront about its costs and commission.
The key thing to remember is that you won’t have to pay any custody fees and Swissquote’s safekeeping services are completely free. Plus you won’t have to deal with any kind of stock exchange tax.
There’s just one fee that applies to all cryptocurrencies and it’s dependent on your trading volume. So if you trade anywhere between $25 and $10,000, you’ll have to pay a 1% fee. But this gradually lessens to the point where your fees drop down to just 0.5% if you’re trading over $50,000.
Although Swissquote is clearly a very proud Swiss online trading platform, it’s important to note that it has gained regulation from all of the major global regulatory powers. This can be seen in the fact that Swissquote doesn’t just hold a banking licence issued by the Swiss Federal Financial Market Supervisory Authority, but it also has regulation everywhere from the UK and Dubai to Hong Kong and Singapore.
India has yet to implement any regulatory coding for online trading services such as Swissquote, but all of the above should give you enough evidence to feel comfortable trading at this site.
Swissquote had been around for a fair amount of time before it jumped on the Bitcoin bandwagon. This means that you can come to the site and enjoy trading on all of the major stock indices like the DAX, Dow Jones, NASDAQ, S&P 500 and so on.
Forex trading is a big part of Swissquote’s appeal and you’ll enjoy all of the most popular currency pairings that include EUR, CHF, USD, GBP, JPY and so on. Plus with the ability to trade on the value of bonds, ETFs and also commoditIes like gold, silver and Brent crude oil, it seems that Swissquote is a good all-round trading site.
We think that Swissquote offers an excellent introduction for anybody seeking to get started with crypto trading. Above all, it’s the fact that Swissquote is completely transparent about things like fees that makes this such a trustworthy site.
We loved the way that you could choose to trade on the value of cryptos through CFDs or even buy them outright and add them to your Swissquote wallet. The majority of online brokers will only let you trade crypto CFDs, so Swissquote is clearly ahead of the curve here.
The only real downsides to using Swissquote were the fact that you can’t deposit directly in Indian rupees, and the overall selection of featured cryptocurrencies could have been better. But for a safe, flexible and reliable way to start trading cryptos, Swissquote is hard to beat.
We have seen how all crypto broker sites will impose some kind of commission fee on the trades that you make. Such fees can vary significantly between each crypto trading site. But this is how these trading sites tend to make their money. Take a look at our Swissquote review 2023 to see what the brand’s customer trading fees are like. You will then be able to compare these trading fees with those that we found in our Etoro review.
If you look at our Prime XBT review you’ll see that it is fairly common for all good crypto brokers to demand that customers supply a fair amount of personal information in order to register an account. These crypto broker sites do this to ensure that it is only you who gets to access your trading account. Be sure to read our Swissquote crypto review which will examine what kinds of personal information you have to provide in order to get your login.
Swissquote is one of the leading online financial trading providers. As such, you’d expect that there would be no shortage of opinions about this site. After all, we discovered plenty of colourful and conflicting opinions when we carried out our XM.com review. However, we’ll always try to give a fair and balanced impression in our reviews of the Swissquote crypto trading service. All of which should help you see whether you should sign up to this brand.
While Bitcoin is easily the world’s most famous cryptocurrency, it’s also true that people will often want to trade in other cryptocurrencies like Ethereum, Ripple, Litecoin and so on. This is because each crypto will offer you the chance of making a varying amount of returns from your investment. So be sure to read our Swissquote review 2023 to see what cryptos you can trade at this site and see how this compares with what we found in our Forex.com review.
Swissquote is well known for being the Swiss leader in online banking, and it’s been interesting to see how it has rolled out its services to cover everything from crypto trading to trading in foreign currencies. All of this will be covered in the best Swissquote review India has to offer. This means that you’ll see whether this trading site is good for anything from buying and selling Bitcoin to investing in the forex markets.