# Swissquote — CFXD (proprietary) Switzerland research scope · Swissquote Bank Ltd. Documentation reviewed. Reference page: /demo-accounts/swissquote-web-ch.html 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. ## Research checked 2026-10-12 ## Testing status Not tested ## Recorded virtual amount 100000 ## Recorded currency USD ## Virtual funds Up to USD 100,000 ## Balance qualifications Maximum, not default. USD ## Expiry category unknown ## Expiry rule Not stated ## Expiry qualifications ## 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 ## Eligibility and regional limits Swiss website scope; site instructs selection by residence and warns products vary. Demo country list not stated. ## What the evidence establishes Official broker documentation; signup and trading not tested. ## Supporting sources - [Swissquote Swiss Forex demo]() — source ID: swissquote-1 - [Swissquote access platforms]() — source ID: swissquote-2 - [Swissquote group structure]() — source ID: swissquote-3 ## Official information source [Swissquote Swiss Forex demo]() ## 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]() — source ID: swissquote-reg-1 - [FINMA — Authorised institutions, individuals and products]() — source ID: swissquote-reg-2 ## Official entry route ### 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 ### 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]() — source ID: ex-c-swiss-old-contract - [Swissquote Switzerland Forex execution]() — source ID: ex-c-swiss-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]() — source ID: ex-c-swiss-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]() — source ID: ex-c-swiss-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 ## Official sources ### Swissquote Switzerland Forex/CFD demo Source ID: ex-c-swiss-demo https://www.swissquote.com/en-ch/private/trade/platforms/forex-cfds/open-demo-account #### Source owner Broker #### Research checked 2026-10-13 #### Source locator Demo description; no detailed fill-equivalence specification #### Source access note Official page/PDF opened and read; no account opened or trading tested. ### Swissquote Switzerland Forex execution Source ID: ex-c-swiss-execution https://www.swissquote.com/en-ch/private/trade/pricing/forex-cfds/execution #### Source owner Broker #### Research checked 2026-10-13 #### Source locator Innovative Hybrid Model and Deep Forex Liquidity #### Source access note Official page/PDF opened and read; no account opened or trading tested. ### Swissquote Bank special Forex terms, February 2015 Source ID: ex-c-swiss-old-contract https://resources.swissquote.com/sites/swissquote.com/files/static_pdfs/special-terms-conditions-bank-en.pdf #### Source owner Broker #### Research checked 2026-10-13 #### Source locator Section 9.2; older document, current applicability not established #### Source access note Official indexed PDF text read; document dated February 2015. Not adopted as a confirmed current contractual capacity. ### Swissquote Swiss Forex demo Source ID: swissquote-1 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. #### Research checked 2026-10-12 #### evidence status Documented; not account-tested ### Swissquote access platforms Source ID: swissquote-2 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. #### Research checked 2026-10-12 #### evidence status Documented; not account-tested ### Swissquote group structure Source ID: swissquote-3 https://www.swissquote.com/en/group/company/structure #### claims Swissquote Bank Ltd FINMA banking license and Swiss entity identity; broker self-disclosure. #### Research checked 2026-10-12 #### evidence status Documented; not account-tested ### FINMA — Authorised banks and securities firms Source ID: swissquote-reg-1 https://www.finma.ch/en/~/media/finma/dokumente/bewilligungstraeger/pdf/beh.pdf #### Evidence category PDF page12 of13: Swissquote Bank SA, Gland, Bank, category3; row has no cease-operations marker. #### source date 2026-10-12 04:30 #### Source access note Official PDF opened and text extracted. Hash-param download initially failed; canonical PDF URL succeeded. ### FINMA — Authorised institutions, individuals and products Source ID: swissquote-reg-2 https://www.finma.ch/en/finma-public/authorised-institutions-individuals-and-products/ #### Evidence category Publishes authorised banks list and states lists are regularly updated, with possible delays in additions/removals. #### source date Bank list update 2026-10-12 #### Source access note Official FINMA list index opened; linked bank PDF used for exact entity.