Swissquote provides amazing proprietary technology and an industry-leading level of reliability. The resources for education and research are also excellent. Despite not being available around-the-clock, according to Traders Union Swissquote has done an outstanding job of keeping prices a low and providing overall excellent customer service. It involves trading different currencies in an effort to profit from their price disparities. However, because you don’t have unrestricted access to the stock markets, you’ll need to rely on an online forex broker to execute your trades. Thankfully, there are a ton of choices. The challenge, though, is deciding what forex broker is worth your time.
Top Swissquote Features
According to Traders Union, these are the best features of Swissquote :
Swissquote provides competitive spreads to all accounts, including Elite & Professional accounts, for EU traders, with the chance to pay very little. There are no fees associated with the two cheapest European Union accounts or any forex Swiss accounts. The spreads are typically lower for EU accounts. We also provide a wide range of customization options for every instrument and are willing to accommodate orders of any size.
In-Depth Level-1 Liquidity
Swiss accounts have access to the vast liquidity of a Level 1 bank network whereas the EU & UK entities uses that entity as a liquidity supplier. It also benefits from a larger local infrastructure of liquidity providers which don’t have bank accounts. Faster and accurate price of execution, benchmarking, and strategy analysis are all made possible by this.
Technical Analysis Software and Autochartist
Traders on the MT4 have access to the services which includes Expert advice, which allows them to copy the trades of other users with a single click by compiling a list of traders who monitor their performance or trading routines. Using Autochartist, they may refine their strategies even more.
IBAN Swiss Bank Account
Accounts in Switzerland for trading foreign currency, contracts for difference, underlying stocks & assets are held in a highly secure account of Swiss Bank that is accessible by International Bank Account Number (IBAN). Investors can rest easy knowing that Switzerland boasts the world’s safest and most well-integrated financial systems.
Money in the Bank Guaranteed
Traders who open an account with Swissquote and reside in the United Kingdom or Switzerland benefit from the protections afforded by the FCA and FINMA, respectively.
Numerous Plugins and Operating Systems Supported
Themes Trading, with an in eTrading Platform, and integration with third-party investment services through the FIX API are just a few of the useful plugins offered to Swiss traders. MetaTrader 4, MetaTrader 5, and Autochartist are all supported in both regions, as is the Advanced Trader platform.
Who is the best forex trading platform UK for beginners in the world?
The highest average daily transaction volume is required for the world’s top forex trading platform for newbies (ADVT). Due to its 18.9 billion USD ADVT, IC Markets is one of the best forex trading platforms UK for beginners. A large ADVT of 15.5 billion USD is also boasted by Forex.com, which is marginally greater than Saxo Bank’s estimated 12.3 billion USD ADVT.
Expert Tips for Beginner Forex Traders
Free versus paid educational content
Many companies offer forex education fee for their services, but our study has shown that some of the best educational materials are available straight from the online forex brokers themselves, even though not all brokers provide thorough educational choices.
Content from brokers versus third parties
You have the extra advantage of being able to get in touch with a trading expert through the customer care team of a reputable and licensed online broker. Beginners may obtain answers to general inquiries about forex trading by speaking with someone at the trading desk, but bear in mind that brokers are not permitted to offer suggestions or recommendations regarding what to purchase or sell.
Ease of use
The quality of trading platforms can vary greatly from broker to broker, and some systems might be far more difficult to master than others, especially if you have little prior expertise with forex trading. Plus500 is a wonderful platform for learning the basics because of its straightforward platform architecture. Some brokers, such as IG, provide learning programs with quizzes and progress tracking that assesses your understanding as you go through the material.