{
  "schemaVersion": 1,
  "kind": "demoOffering",
  "id": "swissquote-mt4-ch",
  "urls": {
    "html": "/demo-accounts/swissquote-mt4-ch.html",
    "json": "/demo-accounts/swissquote-mt4-ch.json",
    "markdown": "/demo-accounts/swissquote-mt4-ch.md"
  },
  "policy": "Documentation research, not account or execution testing. Research regions do not establish residence eligibility. Requires Verification is an evidence gap, not proof of unavailability. Source conflicts and product/entity qualifications must remain attached to claims. Demo results do not establish live trading performance.",
  "record": {
    "checked": "2026-10-12",
    "tested": false,
    "funds": null,
    "currency": null,
    "fundsLabel": "Not recorded",
    "fundsNote": "Starting balance not established.",
    "expiryType": "unknown",
    "expiry": "Not stated",
    "expiryNote": "",
    "evidence": "documented",
    "signup": "Not stated",
    "note": "Demo availability verified. General offer advertises up to USD 100,000; MT4-specific allocation not confirmed.",
    "id": "swissquote-mt4-ch",
    "broker": "Swissquote",
    "entity": "Swissquote Bank Ltd",
    "regions": [
      "CH"
    ],
    "region": "CH",
    "regionLabel": "Switzerland",
    "researchScope": "Switzerland",
    "platform": "mt4",
    "platformLabel": "MetaTrader 4",
    "terms": "Not stated",
    "fundingReset": "Not stated",
    "deposit": "Free demo offer; platform-specific conditions not stated",
    "devices": "Web live/demo access link; demo desktop/mobile not checked",
    "forexCoverage": "Forex available; demo pair count not stated",
    "eligibility": "Swiss website scope; site instructs selection by residence and warns products vary. Demo country list not stated.",
    "evidenceNote": "Official broker documentation; signup and trading not tested.",
    "sources": [
      "swissquote-1",
      "swissquote-2",
      "swissquote-3"
    ],
    "visit": "swissquote-1",
    "regulation": {
      "status": "Verified",
      "entity": "Swissquote Bank Ltd (FINMA list name: Swissquote Bank SA)",
      "regulator": "Swiss Financial Market Supervisory Authority (FINMA)",
      "finding": "FINMA's 12 October 2026 authorised-bank list includes Swissquote Bank SA, Gland, licensing category Bank, supervisory category 3. No 'about to cease operations' mark appears on its row.",
      "scope": "Direct verification is of the Swiss bank named Swissquote Bank SA in FINMA's list; workbook used English Ltd. List is institution-level, not a product-by-product forex permission matrix, and does not verify other Swissquote entities or residence eligibility.",
      "sources": [
        "swissquote-reg-1",
        "swissquote-reg-2"
      ]
    },
    "signupLink": {
      "kind": "demo-page",
      "note": "Broker demo page; select your platform to continue.",
      "status": "Official entry route",
      "url": "https://www.swissquote.com/en-ch/private/trade/platforms/forex-cfds/open-demo-account",
      "sourceUrl": "https://www.swissquote.com/en-ch/private/trade/platforms/forex-cfds/open-demo-account",
      "checked": "2026-10-13",
      "tested": false
    },
    "execution": {
      "scope": "Swissquote Bank Ltd · Switzerland forex; current marketing model is kept separate from an older contractual document.",
      "tested": false,
      "role": {
        "value": "Requires Verification",
        "status": "Requires Verification",
        "note": "A February 2015 special-terms PDF states principal capacity, but its current applicability was not established. The current hybrid-model webpage is marketing, not a replacement contractual capacity clause.",
        "sources": [
          "ex-c-swiss-old-contract",
          "ex-c-swiss-execution"
        ],
        "checked": "2026-10-13"
      },
      "arrangement": {
        "value": "Hybrid agency/principal model",
        "status": "Broker-reported",
        "note": "The current Swiss regional execution page describes a hybrid agency/principal execution model and bank/non-bank liquidity sources. This label does not establish the legal counterparty to a particular trade.",
        "sources": [
          "ex-c-swiss-execution"
        ],
        "checked": "2026-10-13"
      },
      "demo": {
        "value": "Requires Verification",
        "status": "Requires Verification",
        "note": "The Swiss demo page does not specify platform-level simulated fills, slippage, rejections, liquidity or charge equivalence for MT4, MT5 or CFXD.",
        "sources": [
          "ex-c-swiss-demo"
        ],
        "checked": "2026-10-13"
      },
      "review": {
        "checked": "2026-10-13",
        "outcome": "Role: Requires Verification; Arrangement: Hybrid agency/principal model; Demo: Requires Verification. Official documentation review only; no account or order tests.",
        "remainingChecks": [
          "Retrieve a currently applicable Swissquote Bank Forex agreement and reconcile it with hybrid marketing.",
          "Obtain platform-specific demo execution disclosures."
        ]
      }
    },
    "markets": {
      "scope": "Swissquote Bank Ltd · Switzerland · MetaTrader 4. Market coverage not yet reviewed.",
      "tested": false,
      "forexCfd": {
        "status": "Requires Verification",
        "note": "Forex CFD demo access has not been established for this entity and platform.",
        "sources": [],
        "checked": null
      },
      "cryptoCfd": {
        "status": "Requires Verification",
        "note": "Cryptocurrency CFD demo access has not been established for this entity and platform.",
        "sources": [],
        "checked": null
      }
    },
    "api": {
      "status": "Requires Verification",
      "type": null,
      "route": "Not established for this offering",
      "note": "API access has not yet been established for this legal entity and demo platform. This does not mean it is unavailable.",
      "requirements": "Confirm the account, platform and regional requirements with the broker.",
      "sources": [],
      "docs": [],
      "checked": null,
      "tested": false
    }
  },
  "sources": {
    "ex-c-swiss-demo": {
      "title": "Swissquote Switzerland Forex/CFD demo",
      "url": "https://www.swissquote.com/en-ch/private/trade/platforms/forex-cfds/open-demo-account",
      "owner": "Broker",
      "checked": "2026-10-13",
      "locator": "Demo description; no detailed fill-equivalence specification",
      "access": "Official page/PDF opened and read; no account opened or trading tested."
    },
    "ex-c-swiss-execution": {
      "title": "Swissquote Switzerland forex execution",
      "url": "https://www.swissquote.com/en-ch/private/trade/pricing/forex-cfds/execution",
      "owner": "Broker",
      "checked": "2026-10-13",
      "locator": "Innovative Hybrid Model and Deep Forex Liquidity",
      "access": "Official page/PDF opened and read; no account opened or trading tested."
    },
    "ex-c-swiss-old-contract": {
      "title": "Swissquote Bank special Forex terms, February 2015",
      "url": "https://resources.swissquote.com/sites/swissquote.com/files/static_pdfs/special-terms-conditions-bank-en.pdf",
      "owner": "Broker",
      "checked": "2026-10-13",
      "locator": "Section 9.2; older document, current applicability not established",
      "access": "Official indexed PDF text read; document dated February 2015. Not adopted as a confirmed current contractual capacity."
    },
    "swissquote-1": {
      "id": "SQ1",
      "title": "Swissquote Swiss forex demo",
      "url": "https://www.swissquote.com/en-ch/private/trade/platforms/forex-cfds/open-demo-account",
      "claims": "Free Forex/CFD demo, currency pairs, maximum USD 100,000, no obligation; stock CFDs only in CFXD demo.",
      "checked": "2026-10-12",
      "evidence_status": "Documented; not account-tested"
    },
    "swissquote-2": {
      "id": "SQ2",
      "title": "Swissquote access platforms",
      "url": "https://www.swissquote.com/en-ch/private/help/getting-started/platform-login",
      "claims": "CFXD web demo plus MT4/MT5 live-and-demo web access. Region selection by residence; no verified expiry or platform-specific balances.",
      "checked": "2026-10-12",
      "evidence_status": "Documented; not account-tested"
    },
    "swissquote-3": {
      "id": "SQ3",
      "title": "Swissquote group structure",
      "url": "https://www.swissquote.com/en/group/company/structure",
      "claims": "Swissquote Bank Ltd FINMA banking license and Swiss entity identity; broker self-disclosure.",
      "checked": "2026-10-12",
      "evidence_status": "Documented; not account-tested"
    },
    "swissquote-reg-1": {
      "title": "FINMA — Authorised banks and securities firms",
      "url": "https://www.finma.ch/en/~/media/finma/dokumente/bewilligungstraeger/pdf/beh.pdf",
      "evidence": "PDF page12 of13: Swissquote Bank SA, Gland, Bank, category3; row has no cease-operations marker.",
      "source_date": "2026-10-12 04:30",
      "access_note": "Official PDF opened and text extracted. Hash-param download initially failed; canonical PDF URL succeeded."
    },
    "swissquote-reg-2": {
      "title": "FINMA — Authorised institutions, individuals and products",
      "url": "https://www.finma.ch/en/finma-public/authorised-institutions-individuals-and-products/",
      "evidence": "Publishes authorised banks list and states lists are regularly updated, with possible delays in additions/removals.",
      "source_date": "Bank list update 2026-10-12",
      "access_note": "Official FINMA list index opened; linked bank PDF used for exact entity."
    }
  }
}