Independent rating of Forex broker Swissquote

I don't like to continue my trading with Swissquote because trading at Swissquote is too costly. I opened an account with them two months ago, and most of my losses went to the trading fees. The spread is not fixed, so there are times when it widens at ridiculous amounts. I don't think it is worth it to trade with this broker because you will only end up losing more and more money.

I started an account at Swissquote broker because their representatives assured me that an account manager would guide me. So even though I have no prior experience, I did not worry. But then, after I joined them, I was not really assisted that much. My account manager would rarely speak with me, and I did not receive much help and information. Even I opened an account with a high initial deposit. I'm so disappointed with Swissquote, and don't want to continue my trading with them.

Swissquote is the poor broker I have ever traded. They provide bad services, including their worst trading platform with hanging all the time. I have no idea why they didn't fix it yet, even after I called their support team. Not only platform quality, but their trading conditions are also not good. It's so suffering to trade with them. The deposit process is always fast, but the withdrawal process they used to delay it. Not a professional broker. Only runs for client's money without giving excellent services. For traders who want to join this broker, think more about it.

The trading fees at Swissquote are too high. I stopped trading with them after a week because I was not able to make any decent trade because of the wide spread. The broker claimed that they have tight spreads but it is not true.

They are a totally unreliable broker. They changed the spreads to higher as soon as I made a profit. Not the way to keep the traders. Their bonuses are ridiculous, and they make it quite hard to get even only your profit. They fail to complete withdrawals, and they actually canceled mine. Their customer support does not answer to client’s request about order execution in time. So hard to trade with this broker. I decided to close my account at this broker.

Swissquote is not a reliable broker, but they are a cheater. I have been trading with them for almost a year. Everything was working well in the beginning. For the last two months, I have sent a withdrawal request and didn't process it yet until now. They used to process my withdrawal 6 hours after I sent a request, but now it's been two months I didn't get my money yet. I'm their royal client, but they still cheated me. I have no idea where's my money is now. They didn't notify me as well. They ignore my emails. My advice, stay away from this broker. And never trust your money with them.

Your money will only be wasted if you open an account at Swissquote. The customer support team is very unresponsive and their platform always has technical issues. They are only actively communicating with their clients at the start but after a while, they just become difficult to contact.

I had a terrible experience with Swissquote. Every day there is slippage on various pair. Last week got ever about 55 pips slippage on EUR/GBP pair. Day by day, they are getting worst. Besides this, I have been facing a withdrawal delay. Last three weeks, I have made a withdrawal request of $400 through Wire Transfer and they ask me to verify my account. After sending my all documents, they did not process it yet until now. They are untrusted broker, I would not recommend this broker!