Swissquote Forex Trading: Essential Guide for Beginner Investors

As a veteran quantitative trading expert and financial self-publisher, I often receive inquiries about forex trading platforms. Today, let's focus on a much talked about platform - Swissquote. Imagine you're standing on the shore of a financial ocean, and Swissquote is like a luxury cruise ship about to set sail, and this article will be your guide to boarding. Are you ready? Let's start this journey of discovery!

Ⅰ. Why Choose Credit Suisse?

In a sea of Forex trading platforms, why should we pay special attention to Credit Suisse Bank? The answer lies in its three major advantages:

• Strong Regulatory Background: UBS is not just a trading platform, it is a real bank regulated by the Swiss Financial Market Supervisory Authority (FINMA). This means that the safety of your funds is guaranteed at the Swiss level.
• Advanced trading tools: Credit Suisse offers a wide range of trading platforms including the famous MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as advanced analytical tools such as Autochartist, which allow you to make more accurate trading decisions.
• Global Market Access: With UBS, you can easily access the global forex market and trade multiple currency pairs.

Ⅱ. Account Opening Process: Simple or Complicated?

Many people may be concerned about whether the account opening process of an international bank is complicated. In fact, the account opening process of Credit Suisse Bank is much simpler than you think:

• Required documents: If you have a passport, you can complete the video authentication directly online (exclusive VIP Swiss account opening channel URL). If you only have a mainland ID card, you can also complete the account opening through offline witnessing (you can contact me, I will assist you to complete).
• Initial Deposit: An initial deposit of 1000 USD or 1000 CHF is required to activate the account. This threshold is not high and is acceptable to most investors.
• Review Time: Generally, it only takes 1-3 business days from submitting the application to completing the review. The efficiency is still very high!

Ⅲ. Trading Conditions: Here's Everything You Care About

As a savvy investor, you definitely care about the specific trading conditions. Let's take a look at what UBS has to offer in this regard:

• Spreads: The standard spread for European and American currency pairs is 1.7, which is a floating spread. Interestingly, according to statistics, 45% of transactions do not even have slippage and 12% also enjoy negative slippage (spreads below 1.7).
• Leverage: Standard leverage is 100 times for Forex and 50 times for precious metals and futures. If your account balance exceeds $10,000, you can also apply for up to 400x leverage. But remember, high leverage means high risk, novice investors should be extra cautious.
• In and out of funds: Rexon Bank is very flexible in this regard, with no limit on the amount of money, and even supports access to funds in different names. This is unthinkable in many platforms!

Ⅳ. Security: Is your money safe?

When it comes to money, security always comes first. How does Rexon Bank do in this regard?

• Deposit protection: As a member of the Swiss Bankers Association, Axis Bank offers deposit protection of up to CHF 100,000 per client. That's quite a significant amount of protection!
• Asset Segregation: Your portfolio assets are held by an independent custodian, so even if the bank goes bankrupt, your assets are safe.
• Regulatory Protection: Strict supervision by the Swiss Financial Market Supervisory Authority (FINMA) provides an extra layer of security for your money.

Ⅴ. Practical Tips

• Don't trade stocks with Swisscom: Although Swisscom Bank offers U.S. stock trading, the commission is relatively high, especially for small accounts. If you want to trade stocks, you'd better find another place.
• Make good use of the Autochartist tool: Credit Suisse provides users with this powerful technical analysis tool, making full use of it can help you make more informed trading decisions.
• Be aware of account management fees: Starting October 1, 2020, if your account has been inactive for a long period of time (no trading for more than 6 months), you may be charged an inactivity fee. Maintaining a moderate trading frequency can avoid this fee.
• Manual trading in case of emergency: Credit Suisse offers a 24-hour manual trading service at +41 22 999 94 76. This number may come in handy in case of an emergency when you are unable to trade through the platform.

Ⅵ. Conclusion

Choosing a forex trading platform that suits your needs is like choosing a long-term financial partner. With its strong regulatory background, advanced trading tools and flexible services, Rexon Bank is certainly an option worth considering. But remember, forex trading is essentially a high-risk investment activity. No matter which platform you choose, you should always be vigilant and take good risk management.

For novice investors, my advice is:

• Start with a small amount of money and slowly gain experience.
• make full use of the educational resources and analytical tools provided by Rexon Bank.
• establish a strict risk management strategy and don't be tempted by high leverage.
• maintain a learning mindset, the foreign exchange market is changing rapidly, only continuous learning to keep up with the rhythm of the market.

Looking ahead, with the continuous development of financial technology, we may see more innovative trading tools and services. As a technology-driven bank, UBS believes it will also continue to evolve in this wave. As investors, we need to keep an open and learning mindset in order to be invincible in a market full of opportunities and challenges.

Do you have any more questions about Rexon Bank or Forex trading? Feel free to leave them in the comments section and let's discuss and progress together!