If you are looking for an opportunity to make money, there is no better option than trading online. The beauty of online trading is that you can do it from your home and all the learning that you need to trade like a professional is available on the internet too. Yes, the only thing that matters the most to make the start of your career smooth is the choice of your broker. To choose the best broker, you have to read a complete and detailed broker review to help you find out the strengths and weaknesses of the broker. And that’s what it is – a review that will help you know everything about Swissquote before you sign up with it to trade.
Regulation is the most important thing you have to confirm before you choose any online broker. What does regulation tell you about an online broker? Well, it tells you how reliable the broker is that you are about to sign up with. It also ensures that you invest your money with a broker who you can trust. At the same time, you have to realize that you must not sign up with a broker that does not have any regulation information about it on its website. Regulation ensures that the broker is answerable to a regulatory authority that can seal the broker’s website and its services if the broker is not following certain standards of the industry.
In addition to that, you can be sure that you can trade with the broker because the broker will not do anything wrong with your money. If you sign up with a scam broker, you can say goodbye to your money in every language that you know. Why? Well, because the broker will make sure it takes away your money in many different ways. It will charge you huge commissions on your trades. It will charge your commissions on your withdrawals and deposits. And it will charge you huge commissions for taking care of your trading account. You are going to lose money in so many ways that profits will be elusive for you.
So, you have to admire this broker that has obtained regulation not in just one but many regions. One of the most renowned regulatory authorities in the world is FCA, which stands for Financial Conduct Authority. You will be glad to know that this broker is regulated by FCA in addition to other well-known regulatory bodies.
Trading Conditions ★★★★
Trading conditions make for the second most important factor that you have to consider before you sign up with an online broker. Trading conditions tell you how good or bad you will feel as a trader when you sign up with the broker and trade. First of all, you have to see if the broker has made anything easy for you as a new trader. Many online brokers have designed their systems only for experienced traders who have a lot of experience and money that they can use to sign up with just about any online broker. However, new traders do not have a lot of money and they are looking for easy terms and conditions to sign up with a broker.
So, through this broker review, you will be happy to find out that this broker has made your life easier if you are a new trader. There are four different accounts types from which you can choose the one that suits you the best. Regardless of the account you pick, you will notice that the initial deposit requirements are not that difficult. If you go with the most basic account with this broker, which is called the Standard Account, you will have to deposit only $1000 and you will be good to start trading right then and there. If you want to go with an advanced account, you can deposit $10,000 in your account and enjoy some additional features as a trader.
The best thing you will love about the trading account with this broker is that you do not have to spend a lot of money for entering trades. Other than the professional account, which is the fourth account on the list, you do not have to pay any commissions on your trades. Yes, you have to pay the broker in the form of spreads, but you will be glad to know that this broker offers some of the most competitive spreads as well. Again, if you go with the basic account, you will enjoy spreads that start from 1.7 pips.
Expansive Asset Index ★★★
The asset index from the broker is the next most important thing on the list. So, why does the asset index really matter? The reality is that the asset index matters not only for new but experienced traders as well. If you are a professional trader who has been doing it for many years, you definitely want an opportunity to diversify your portfolio. How will you do that? You have to have a lot of trading instruments and assets from different asset classes at your disposal to do that. Unfortunately, you cannot enjoy that luxury with every online broker.
However, you will be happy to know that Swissquote is among the brokers that provide you with a huge asset index. You have to know that the broker is letting you trade not just forex currency pairs but CFDs as well. In short, you can use contracts to trade just about any asset that you can think of. If you want to trade stocks from the best companies, you can trade them. If you are interested in trading gold, silver, or some other precious metal, you can do that with ease as well. In fact, you can trade from a variety of other indices and commodities as well.
An Admirable Trading Platform ★★★
Now broker review can be complete without the mention of the trading platform. Your experience with any online broker depends on the trading platform that you get access to. You can’t call a broker a good broker if the trading platform you are on is not making your experience pleasant. You see, trading is not as difficult as you might think. In many cases, trading seems difficult to newbies only because they end up on the wrong trading platform. What they find difficult is not actually trading, but the learning of the trading platform. If you can’t understand the trading platform, you can’t learn trading either.
With Swissquote, you are getting some great options. You can use from multiple trading platforms, whichever suits you more. You can go with the MetaTrader 4 trading platform, which is considered a gem in the industry. There has been no trading platform better than this one. If you want, you can trade on MetaTrader 5 as well. MetaTrader 5, as you can tell from the name, is the advanced and improved version of the MetaTrader 4 trading platform. The best thing is that you can use any of these trading platforms on your mobile phone, computer, or even tablet.
Having the same platform trading platform on all your devices means that you can have a seamless and uniform trading experience, which is something appreciated equally by new and experienced traders from around the world. All the charts, trading signals, indicators, etc. you need to trade successfully are there on the trading platforms from Swissquote.
In this broker review, we have tried to cover the most important things that help you decide an online broker for trading. If you want to trade successfully and make a lot of money trading, you have to take the first step in the right direction and sign up with the right broker. The factors mentioned above are the most important factors that you should consider when signing up with a broker, not just Swissquote. The broker has made sure that your entry into the trading world is also easy through easy and small initial deposits regardless of the account you choose. So, land on the website of the broker, do some exploration and make your decision.