Swissquote — CFXD (proprietary)

Account conditions

Research checked

2026-10-12

Testing status

Not tested

Recorded virtual amount

100000

Recorded currency

USD

Expiry category

unknown

Evidence category

Documentation reviewed

Signup requirements

Not stated

Notes and remaining checks

Amount is advertised MAXIMUM ('up to'), not verified starting balance. Duration, signup and reset unresolved.

Record ID

swissquote-web-ch

Broker

Swissquote

Legal entity

Swissquote Bank Ltd

Research region codes

• CH

Research region code

CH

Research region

Switzerland

Research scope

Switzerland

Platform code

web

Platform

CFXD (proprietary)

Documented terms

Not stated

Balance reset or adjustment

Not stated

Live account or deposit

Free demo; no obligation advertised

Devices

Web demo verified; mobile demo not checked

Forex coverage

Forex available; demo pair count not stated

What the evidence establishes

Official broker documentation; signup and trading not tested.

Supporting sources

• Swissquote Swiss Forex demo
• Swissquote access platforms
• Swissquote group structure

Official information source

Swissquote Swiss Forex demo

Official entry route

Visit official demo page

Route type

demo-page

Notes and remaining checks

Broker demo page; select your platform to continue.

Evidence status

Official entry route

URL

https://www.swissquote.com/en-ch/private/trade/platforms/Forex-cfds/open-demo-account

Route source

https://www.swissquote.com/en-ch/private/trade/platforms/Forex-cfds/open-demo-account

Research checked

2026-10-13

Testing status

Not tested

Execution and demo realism

Contractual capacity and execution arrangement are separate. ECN/STP labels do not establish agency. Simulated fills do not verify live execution quality.

Scope

Swissquote Bank Ltd · Switzerland Forex; current marketing model is kept separate from an older contractual document.

Testing status

Not tested

Contractual role

Finding

Requires Verification

Evidence status

Requires Verification

Notes and remaining checks

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.

Supporting sources

• Swissquote Bank special Forex terms, February 2015
• Swissquote Switzerland Forex execution

Research checked

2026-10-13

Execution arrangement

Finding

Hybrid agency/principal model

Evidence status

Broker-reported

Notes and remaining checks

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.

Supporting sources

• Swissquote Switzerland Forex execution

Research checked

2026-10-13

Demo realism

Finding

Requires Verification

Evidence status

Requires Verification

Notes and remaining checks

The Swiss demo page does not specify platform-level simulated fills, slippage, rejections, liquidity or charge equivalence for MT4, MT5 or CFXD.

Supporting sources

• Swissquote Switzerland Forex/CFD demo

Research checked

2026-10-13

Research review

Research checked

2026-10-13

Review outcome

Role: Requires Verification; Arrangement: Hybrid agency/principal model; Demo: Requires Verification. Official documentation review only; no account or order tests.

Remaining checks

• Retrieve a currently applicable Swissquote Bank Forex agreement and reconcile it with hybrid marketing.
• Obtain platform-specific demo execution disclosures.

Demo markets

Scope

Swissquote Bank Ltd · Switzerland · CFXD (proprietary). Market coverage not yet reviewed.

Testing status

Not tested

Forex CFDs

Evidence status

Requires Verification

Notes and remaining checks

Forex CFD demo access has not been established for this entity and platform.

Supporting sources

No supporting source recorded for this field.

Research checked

Requires Verification

Cryptocurrency CFDs

Evidence status

Requires Verification

Notes and remaining checks

Cryptocurrency CFD demo access has not been established for this entity and platform.

Supporting sources

No supporting source recorded for this field.

Research checked

Requires Verification

API access

Evidence status

Requires Verification

Type

Requires Verification

Access route

Not established for this offering

Notes and remaining checks

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.

Supporting sources

No supporting source recorded for this field.

Official documentation

No supporting source recorded for this field.

Research checked

Requires Verification

Testing status

Not tested

Entity and regulatory research

Evidence status

Verified

Legal 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.

Supporting sources

• FINMA — Authorised banks and securities firms
• FINMA — Authorised institutions, individuals and products

Reading the evidence

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.

Official sources