Swissquote

Bank account abroad, Swissquote

Let’s talk about an international bank in Switzerland, Swissquote, operates in several markets including in emerging market like Brazil.
The brokerage bank has offices in Zurich, Berne, Malta, Dubai, London and Hong Kong.
A broker and bank of global reach, with clients in various locations around the world.

About Swissquote

The Swissquote financial platform was founded in 1996 with the purpose of being a 100% online bank.
The bank offers a number of electronic tools for asset management, ePrivate Banking.
They also offer traditional banking services, including mortgages, savings accounts and more specialized transactions, such as currency trading.
The Bank is a public company, listed on the Swiss stock exchange, as the SQN ticker.
This makes it easy to track the bank’s financial performance or even invest in the bank.
The Bank is regulated by the Swiss Financial Market Supervisory Authority “SFMSA”.

Bank account

  • In the bank you can have account in several currencies, USD, GBP, CAD, JPY, EUR etc …
  • Bank does not require initial deposit.
  • offers Visa and MasterCard debit and credit cards.
  • t has a quarterly cost of CHF 50.00, when you have some assets in custody.

Investments

Stocks, Etfs, Options, Bonds

The platform they use for web is one of the same, very good company with charts and analysis.
You can buy stocks in various markets, as are many markets that can be seen here.
The prices of each product as well as the costs of each brokerage can be seen here.
It has several tools to assist the client in setting up the portfolio, to perform graphic analysis, to evaluate the Value at Risk of the portfolio, etc …

Forex.

The bank also operates in the forex market.
As a platform they use the following: Advanced Trader, Metatrader 4, Metatrader 5, Autochartist, FIX API.
The spreads are competitive, very affordable, look at the prices and the types of accounts here.

Digital Currency Market

The bank is also operating in the digital currency market.
Bitcoin is one of the digital currencies that has grown the most in the world lately.
More information on costs and how to operate BTC on Swissquote on this page.

My opinion

Very interesting option, I gathered several services all in one place in a very easy way.
The country where it is located is an important global financial center.
The cost that a little heavy 50CHF per quarter is a mean value dear to novice investor with few resources.
But if this is not the problem is without doubt an excellent option.

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