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Trading policy

 

FX Conditions

Trading policy

 

Order Execution Policy

Swissquote is dedicated in providing the best and most efficient order execution to our clients. This section explains our policies related to trade execution on the Advanced Trader and MetaTrader trading platforms. Each technology offers various types of execution methods, so we recommend all clients to read this section carefully and choose the technology. If you have further questions, please 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.

 

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. If you are not sure what is your stop out level Swissquote team members are available to assist if you have any questions.

Advanced Trader

Margin Level Calculation
Example: At 16:00 CET, Trader X has a 10,000 USD balance with an unrealized P&L of +1,000 USD. The open position is long 10 DAXEUR. Total open position is 496,310.78 USD (10 DAXEUR x margin factor (4) x index price (9960.00) x EURUSD rate (1.24576).

((10,000 USD + 1,000 USD)/496,310.78 USD) 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

View our full list of margin rates


Stop Out Level
The table below shows the stop out level based on your Total Open Position in USD. All open position are realized when the Margin Level reaches to 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%

Metatrader

Margin Level Calculation
((Account Balance + Unrealized P&L)/Margin requirement on net open position) x 100 = Margin Level

Example: Trader X has a 10,000 USD balance with an unrealized P&L of +1,000 USD. The open positions include long 300,000 USDCHF and short 200,000 USDCHF. Net open position is 100,000 USDCHF

((10,000 USD + 1,000 USD)/1000 USD) x 100 = 1100% Margin Level


Stop Out Level
Largest losing positions are automatically realized when Margin Level < 30%


Assets without contact or dormant assets

Initial steps to re-establish contact CHF 100.-
Basic researches

CHF 200 for clients in Switzerland
CHF 300 for clients abroad

Advanced researches

CHF 150/hour
Minimum CHF 300
Plus third party costs

Notification to SIX SIS AG CHF 50.-
Management of assets without
contact and dormant assets
CHF 150.- per year and per account

The prices exclude VAT.

More information about assets without contact

 

Product Guide

A complete summary of all Swissquote Forex and CFD products with their corresponding trading conditions.

Read the guide

Trading Conditions

Our commitment to you: fair dealing and price execution. All trading costs are included in the spreads – no hidden fees.

View conditions

Forex Education

Need to brush up on your Forex knowledge? Our education section will get you up to speed in no time!

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