Updated Jul 12 2022
Overview | |
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Swissquote is a global broker and investment bank headquartered in Switzerland that offers traditional securities and CFD trading along with advanced research tools. |
iFOREX Europe (formerly Vestle) is the Europe brand part of the global iForex Group that specialises in CFD trading and offers over 600 instruments over currencies, commodities, indices, shares, ETFs and cryptocurrencies. |
Best For | |
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Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 4 Other Licenses 1 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 0 Other Licenses 1 Provided by |
🏛 Financial Regulators | |
The Good | |
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The Bad | |
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Status | |
Operational | Operational |
Recent News | |
No fresh news at the moment. Check again soon! ![]() |
No fresh news at the moment. Check again soon! ![]() |
Key Data | |
⌛ Account Opening Time | |
1 Day | 1 Day |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
1996 | 2018 |
💳 Minimum Deposit | |
Varies per account type and selected trading platform. From $0 up to $5,000. |
200 € (But it can change at their discretion) |
💰 Payment Methods | |
💵 Account Base Currencies | |
21 - AED, AUD, CAD, EUR, DKK USD, GBP, HKD, HUF, ILS, CHF, JPY, PLN, NOK, SGD, MXN, NZD, SEK, TRY, THB, ZAR | 1 - EUR |
🗽 Available to U.S Citizens | |
No | No |
❌ Restricted Countries | |
US, JP, SY, IR. | US, CA, SY, IR, JP. |
📊 STP Account | |
Yes | Yes |
📊 DMA Account | |
Yes | No |
📊 ECN Account | |
Yes | No | Assets |
📚 Available Assets | |
📙 Stocks | |
60 Stock Exchanges | 400+ |
📘 Currency Pairs | |
80+ | 50+ |
📗 Commodities | |
12 CFDs | 19 |
📕 Indices | |
26 CFDs | 32 |
📔 ETFs | |
1400 + | 42 |
💸 Cryptocurrencies | |
12 CFDs | 41 |
📒 Bonds | |
54,000 + / 3 CFDs | N/A |
📓 Options | |
6 Exchanges | N/A |
📗 Futures | |
6 Exchanges | N/A |
📝 Notes: | |
N/A | All of iFOREX Europe assets are CFDs yet they do provide a “No Leverage” tab with a few assets under 1:1 conditions for traders that do not wish to expose themselves to the risk. |
Trading Experience |
📈 Minimum Stock Trade Size | |
From $50 | $2,500 in trade value |
📉 Minimum ETFs Trade Size | |
From $50 | $2,500 in trade value |
📈 Minimum Crypto Trade Size | |
$1,000 (0.01 Lots) | $2,500 in trade value |
📉 Minimum FX Trade Size | |
$1,000 (0.01 Lots) | $2,500 in trade value |
📈 Minimum Commodities Trade Size | |
From $50 | $2,500 in trade value |
📉 Minimum Bonds Trade Size | |
From $50 | N/A |
📈 Minimum Futures Trade Size | |
From $50 | N/A |
📉 Minimum Options Trade Size | |
From $50 | N/A |
💪 Retail Leverage | |
Up to 1:30 | Up to 1:30 |
💪 Professional Leverage | |
Up to 1:500 | Up to 1:500 |
✍ Customisable Leverage | |
No | No |
🎲 Deleveraged Trading | |
Yes | Yes |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
Yes | No |
📺 MetaTrader 5 | |
Yes | No |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
Yes | No |
💻 Proprietary Platform | |
Yes | Yes |
📊 Multi-chart Tools | |
Yes | No |
👬 Copy Trading | |
No | No |
👫 Social Trading | |
No | No |
🔑 Guaranteed Stop-loss | |
No | No |
🔨 Trailing Stop-loss | |
Yes | No | Fees |
💰 Inactivity Fee | |
No | iFOREX Europe charges an inactivity fee of $15 for every quarter of inactivity. |
💰 Deposit Fees | |
No | No |
💰 Withdrawal Fees | |
$10 per withdrawal | No for credit cards but yes for bank wires (up to $20). |
💰 Commissions | |
For CFDs there are no commissions as the spreads are the cost. For other assets from $9 up to $210 based on transaction volume and depending on the exchange. |
No | Spreads |
📈 EUR/USD | |
From 0 Pips to 1.3 Pips | Dynamic - From 0.7 Pips |
📉 SP500 | |
Dynamic - From 60 Pips | Dynamic - From 90 Pips |
📈 GOLD | |
N/A | Dynamic - From 35 Pips |
📉 TSLA (Stock CFD) | |
N/A | Dynamic - From $3 |
📈 XLK (ETF - CFD) | |
Dynamic - Market Spread | Dynamic - From 30 Pips |
📉 BTC | |
N/A | Dynamic - From $120 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
Yes | No |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
Yes | No |
📡 Reuters Feed | |
Yes | No |