Realize your full potential
with exceptional Forex execution
We set new standards
for speed and reliability*
9 ms
average execution speed
100%
fill Ratio
Slippage metrics
_
12%
trades with price improvement
75%
trades with no slippage
13%
trades with negative slippage
*All metrics based on forex orders executed between 11/11/2020 – 31/01/2021
What makes us better?
_
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.
Innovative Hybrid Model
Our proprietary hybrid agency/principal execution model offers the best of both worlds to our clients, who benefit from the most competitive market conditions.
Superior Execution
Our technological infrastructure, with trade servers in premium locations, ensures that you experience the lowest latency and fastest execution.
Swiss Banking Group
Regulated by FINMA and listed on the SIX stock exchange, we adhere to the highest standards in terms of 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
_
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
_
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 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. 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 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. Same policy applies for Take Profit orders.
Stop Orders
_
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 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. 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 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. Same policy applies for Trailing Stop orders.
Leverage
Swissquote offers flexible leverage options.
Maximum leverage
| Standard / Premium / Prime | Professional |
|---|---|
| 1:100 for Currency Pairs & FX Options | Up to 1:400 upon request |
| 1:50 for Precious Metals | |
| 1:50 for CDFs Stock Indices | |
| 1:50 for CFDs Commodities | |
| 1:50 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 1% margin required to trade, this means that to trade the lot size of USD 100'000 you must have 1% of this amount (USD 1'000) funded on your trading account. This corresponds to a 1:100 leverage, as USD 1'000 / USD 100'000 = 1:100.
In this specific example, you are committing USD 1'000 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 1'000 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... |
|---|---|
| 1:100 | 1% |
| 1:50 | 2% |
| 1:25 | 4% |
| 1:20 | 5% |
| 1:10 | 10% |
| 1:5 | 20% |
Leverage can significantly increase your profits, but involves greater risks to your capital. Unlike many brokers, Swissquote caps leverage at 1:100. If you are new to trading, we advise you to lower your leverage until you are confident in your trading strategy. If the currency underlying a trade moves in a direction you were not expecting, leverage will greatly increase your potential losses.
To reduce the risk of losses, we advise you to adopt a strict trading style that includes the use of stop and limit orders.
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
_
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 (9'960.00) 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 30'000'000 | 0.30% |
| 30'000'001 through 40'000'000 | 1.00% |
| 40'000'001 through 50'000'000 | 1.25% |
| 50'000'001 through 60'000'000 | 1.50% |
| 60'000'001 through 70'000'000 | 1.75% |
| Over 70'000'001 | 2.25% or greater |
MetaTrader
_
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
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 Margin Level falls below 30%, positions with the largest loss (regardless of their size) will be liquidated first, until the margin level is back to 30% or more.
Please note that, in the case of aggregated positions exceeding the maximum transaction size on MetaTrader 5, such positions will first be liquidated up to the maximum transaction size. If the margin level is back to 30% or more after this first liquidation, no further liquidation takes place.
NOP Limits
Net Open Position (NOP) Limits set the maximum amounts for the single and total currency exposure on Forex trading accounts.
The NOP limits are adjusted dynamically based on the size, leverage ratio and underlying currencies of the positions you take. Your NOP limits are updated upon execution of every placed order. Should an order exceed your NOP limits, its execution is rejected and it will be cancelled.
Overview table on how the NOP limits are set. (including examples)