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Swissquote in India — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%80
- Round-turn cost20%45
- Safety20%0
- Payouts15%no data
- Track record10%100
- Platforms10%65
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Swissquote Bank Ltd
- Founded
- 1996
- Retail leverage
- 100IN
- Round turn
- 16 USDIN
- Currencies
- Multi-currency (USD, EUR, CHF); no INR base account.
- Swap-free account
- yes
Licence check
Open an account with SwissquoteThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- Swissquote Bank Ltd
- Local standing
- Offshore; not SEBI-regulated. Accepts Indian residents; RBI LRS USD 250k/year limit and SEBI restrictions on leveraged FX apply to client.
- Licence as the register states it
- No SEBI licence; offshore FINMA-regulated Swiss bank.
- Leverage for this entity
- Up to 1:100 (retail); higher via professional account.
- The firm behind it
- Swissquote Bank Ltd, Gland, Switzerland; FINMA Swiss bank, listed on SIX.
- What we hold against it
- Bank-grade, high min deposit; reputable but offshore for Indian residents; regulatory caution under RBI/SEBI.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore; not SEBI-regulated. Accepts Indian residents; RBI LRS USD 250k/year limit and SEBI restrictions on leveraged FX apply to client.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against India market median(priced from 65 of 90)
Medians run over the 65 of 90 brokers that publish a price for India, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Standard (min USD 1, 000), Premium (USD 10, 000), Prime (USD 50, 000). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Swissquote sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · this broker 16 USD · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · this broker 1000 USD · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · this broker 1:100 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts(1 method)
| Method | Deposit, h | Withdrawal, h | Fee, USD | Min, USD |
|---|---|---|---|---|
| International bank wire | 24 | — | 0 | 50 |
Deposit and withdrawal methods (1 methods · 0 local rails)
International bank wire;
- International bank wire
- Account currency
- Multi-currency (USD, EUR, CHF); no INR base account.
- Fee declared
- 1 of 1 methods
- Withdrawal back to
- the funding method
Where it does not serve(9 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(4 platforms)
- Advanced Trader
- MT4
- MT5
| Class | Count | Min spread |
|---|---|---|
| Advanced Trader | — | 1.7 |
| MT4 | — | 1.7 |
| MT5 | — | 1.7 |
| Forex pairs | 130+ | — |
138 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 132 more.
Identical for every row: Leverage 100 IN.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.6 | 1,291 |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(4 for and 5 against, each tied to a figure on this page)
- Withdrawal in 24 h, one of 74 of 90 brokers here that publish a time
- Swap-free account available
- Track record 100 of 100, its strongest of 6 scored axes
- 3 platforms: Advanced Trader, MT4, MT5
- Round turn 16 USD on the raw + commission basis, over the India median 7
- No India authorisation on file: the entity that onboards you is licensed elsewhere
- A regulator warning is on file against this broker
- Min deposit 1000 USD, over the India median 15
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 13IN
- Min deposit, USD
- 5 groupIN
- Leverage
- 3000IN
- Rank in this country
- #34
- Round turn, USD
- 14IN
- Min deposit, USD
- 5 groupIN
- Leverage
- 5000IN
- Rank in this country
- #51
- Round turn, USD
- 15IN
- Min deposit, USD
- 30 groupIN
- Leverage
- 3000 group
- Rank in this country
- #53
- Round turn, USD
- 10IN
- Min deposit, USD
- 10 groupIN
- Leverage
- 2000IN
- Rank in this country
- #17
- Round turn, USD
- 18IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 2000 group
- Rank in this country
- #60
- Round turn, USD
- 4IN
- Rank in this country
- #4
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | Swissquote |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 80 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 45 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 65 |
FAQ
- Does Swissquote accept residents of India?
- No. Offshore; not SEBI-regulated. Accepts Indian residents; RBI LRS USD 250k/year limit and SEBI restrictions on leveraged FX apply to client. Onboarding entity: Swissquote Bank Ltd
- Is Swissquote licensed to serve clients in India?
- No SEBI licence; offshore FINMA-regulated Swiss bank. Checked on 09.07.2026.
- How much does one round turn cost at Swissquote?
- About 16.0 USD per standard lot on EUR/USD. The median across brokers measured for India is 7.0 USD.
- What leverage does Swissquote offer to retail clients in India?
- Up to 1:100. leverageGeo: Up to 1:100 (retail); higher via professional account.
- Which trading platforms does Swissquote support?
- Advanced Trader, MT4, MT5. Instruments: FX, CFDs, stocks, ETFs, crypto, bonds.
- How can I withdraw money from Swissquote in India?
- International bank wire; no local Indian rails (UPI not supported).
- What account types does Swissquote offer?
- Standard (min USD 1,000), Premium (USD 10,000), Prime (USD 50,000).
- Does Swissquote offer a swap-free (Islamic) account?
- Yes. Swissquote offers a swap-free (Islamic) account to India residents.
Cost calculator (median of 65 priced of 90)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a INR conversion because the exchange rate is not part of our data.