Realize your full potential
with exceptional Forex execution

We set new standards
for speed and reliability*

32 ms

average execution speed

100%

fill Ratio

Slippage metrics
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18% 

trades with price improvement

69% 

trades with no slippage

13% 

trades with negative slippage

*All metrics based on forex orders executed between 01/07/2019 – 01/10/2019

What makes us better?
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transfert

Deep Forex Liquidity

Our network of Tier 1 banks and regional non-bank liquidity providers enables us to provide a consistent liquidity pool across all our FX & CFD instruments.

light

Execution Model

Our execution only model offers the most competitive market conditions to our clients.

rocket

Superior Execution

Our technological infrastructure, with trade servers in premium locations, ensures that you experience the lowest latency and fastest execution.
 

swiss

Swiss Banking Group

Swissquote Ltd is authorised and regulated by the FCA in the UK and is a fully owned subsidiary of Swissquote Bank SA.  It fully meets the regulatory requirements and adhere to the highest standards for online financial services, transparency and deposit security.

Order Execution Policy

Advanced Trader and MetaTrader offer different types of executions methods, so we recommend that your read this section carefully to choose the platform that is right for you. Should you have any questions, do not hesitate to contact a Swissquote representative.

Market orders
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Advanced Trader

Spot
This order is filled or rejected at the requested Bid or Ask price for the full amount of the trade.

Market Best
This order is executed at the best available price or rejected if no price is available; the order is filled for the full amount but can be filled better or worse than the requested price.

MetaTrader

Instant Execution
This order is executed or rejected at the requested Bid or Ask price for the full amount of the trade. For Stock Indices only, the order will be executed at Market Best conditions. This applies to clients on Swissquote MetaTrader servers. If you do not know which server you are on, please consult your Swissquote representative.

Market Execution
This order is executed at the best available price or rejected if no price is available; the order is filled for the full amount but can be filled better or worse than the requested price. This applied to clients on Swissquote MetaTrader servers. If you do not know which server you are on, please consult your Swissquote representative.

Limit Orders
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Advanced Trader and MetaTrader

Buy Limit
This order will be activated when the Ask price touches the buy limit order. The activated order will be executed at the next available price or rejected if no price is available; the order is filled for the full amount but can be filled better or worse than the requested price. Same policy applies for Take Profit orders.

Sell Limit
This order will be activated when the Bid price touches the sell limit order. The activated order will be executed at the next available price or rejected if no price is available; the order is filled for the full amount but can be filled better or worse than the requested price. Same policy applies for Take Profit orders.

Stop Orders
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Advanced Trader and MetaTrader

Buy Stop
This order will be activated when the Ask price touches the buy stop order. The activated order will be executed at the next available price or rejected if no price is available; the order is filled for the full amount but can be filled better or worse than the requested price. Same policy applies for Trailing Stop orders.

Sell Stop
This order will be activated when the Bid price touches the sell stop order. The activated order will be executed at the next available price or rejected if no price is available; the order is filled for the full amount but can be filled better or worse than the requested price. Same policy applies for Trailing Stop orders.

Leverage

Swissquote offers flexible leverage options.

Maximum Leverage

Premium / Prime / EliteProfessional
1:30 for Currency PairsUp to 1:400
1:20 for Precious Metals
1:20 for CDFs Stock Indices
1:10 for CFDs Commodities
1:5 for CFDs Bonds

 

Leverage is expressed as a ratio and is based on the margin requirements required on your account. For example, if your trading account conditions stipulate 3.33% margin required to trade, this means that to trade the lot size of USD 100'000 you must have 3.33% of this amount (USD 3'330) funded on your trading account. This corresponds to a 1:30 leverage, as USD 3'330 / USD 100'000 = 1:30.

In this specific example, you are committing USD 3'330 to a trade worth USD 100'000. This means that your potential for gains OR loss are based on the value of USD 100'000, not the USD 3'330 of your own cash that is required as margin.

Comparison of leverage ratios and the minimum margin requirement expressed as a percentage:

If leverage ratio is...Then, the minimum required margin equals...
1:303.3%
1:205%
1:1010%
1:520%

If you are new to Forex trading, then we advise you to consider lowering your leverage until you are confident in your trading strategy.

Leverage modification request

Stop Out Policy

Swissquote’s trading platforms are designed to automatically close open positions when you reach the stop out level. As the stop out levels vary depending on the technology you are using, please read carefully before making any transactions on your account. Should you have any doubts regarding your stop out level, Swissquote representatives are available to assist.

Advanced Trader
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Margin Level Calculation

Example: At 16:00 CET, Trader X has a USD 10'000 balance with an unrealized P&L of + USD 1'000. The open position is long DAXEUR 10. Total open position is USD 496'310.78 (DAXEUR 10 x margin factor (4) x index price (9960.00) x EURUSD rate (1.24576).

((USD 10'000 + USD 1'000)/ USD 496'310.78) x 100 = 2.2% Margin Level

Total Open Position in Reference Currency = Trade amount x margin factor x market price x exchange rate.

If initial margin rate = 1%, then margin factor is 1

If initial margin rate = 2%, then margin factor is 2

Stop Out Level
The table below displays the stop out level based on your Total Open Position in USD. Unless previously agreed, and subject to the limitations set forth in the General Terms and Conditions, the Risk Disclosure Statement and the Special Terms and Conditions for Forex, when the stop out level is reached Swissquote will apply a First In First Out (FIFO) liquidation policy realizing the oldest positions first until the margin level returns above the stop out level.

Total open position (USD)Stop Out Level
1'000 through 30'000'0000.50%
30'000'001 through 40'000'0001.00%
40'000'001 through 50'000'0001.25%
50'000'001 through 60'000'0001.50%
60'000'001 through 70'000'0001.75%
Over 70'000'0012.25% or greater

 

MetaTrader
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Margin Level Calculation

((Account Balance + Unrealized P&L)/Margin requirement on net open position) x 100 = Margin Level

Example: Trader X has a USD 10'000 balance with an unrealized P&L of + USD 1'000. The open positions include long USDCHF 300'000 and short USDCHF 200'000. Net open position is USDCHF 100'000

((USD 10'000 + USD 1'000)/ USD 1'000) x 100 = 1100% Margin Level

Stop Out Level
Largest losing positions are automatically realized when Margin Level < 50%

Get the full picture

With Swissquote you can benefit from competitive spreads, low margin rates and flexible transaction sizes. Furthermore, our trading hours and swap rates are adapted to the markets.

Account types

Find the right pricing and conditions for your trading volume.
 

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Spreads & Swaps

Benefit from transparent, competitive spreads and swap rates.
 

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Forex Product Guide

Your complete summary of all our Forex and CFD products with their specific trading conditions.

 Download