Home Forex Brokers Swiss Investor 24 Review

Swiss Investor 24 Review

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Founded and led by industry veterans, Swissinv24 Markets has positioned itself as a leading provider of Online Foreign Exchange (Forex) trading, spread betting, and other related services. At Swissinv24 Markets, our mission is easy – to provide the optimal atmosphere for, “trading at its best.” This means creating the perfect trading environment for beginning and professional traders, alike, with a focus on providing global traders with easy access to the world’s largest and most liquid market – from anywhere, anytime. By offering the most innovative trading tools, hiring the best trading educators, and meeting strict financial standards to protect trader funds, we strive for the Swissinv24 online trading experience on the market. That is their claim, we will be looking at various services and features of their site to see if they live up to this expectation.

Account Types

Swiss Investor 24 is offering 4 different standard type accounts to their clients, each with varying requirements and trading conditions, they also offer an ECN account, so let’s look at what is on offer.

Mini Account: The mini account requires a minimum deposit of between €500 and €5,000. The account has floating spreads and a leverage up to 1:50. It allows for hedging and the use of expert advisors. The base currency can be in either USD, EUR, or GBP. It offers 24 hours live support along with the use of both the MetaTrader 4 trading platform and the Sirix Trader. The minimum trade size is 0.01 lots and the account comes with negative balance protection.

Standard Account: The standard account increases the required deposit to between €5,001 and €10,000. The account has floating spreads and a leverage up to 1:50. It allows for hedging and the use of expert advisors. The base currency can be in either USD, EUR, or GBP. It offers 24 hours live support along with the use of both the MetaTrader 4 trading platform and the Sirix Trader. The minimum trade size is 0.01 lots and the account comes with negative balance protection. It also comes with a personal trading trainer and SMS Trading Alerts.

Gold Account: The gold account requires a deposit between €10,001 and €15,000. The account has floating spreads and a leverage up to 1:50. It allows for hedging and the use of expert advisors. The base currency can be in either USD, EUR, or GBP. It offers 24 hours live support along with the use of both the MetaTrader 4 trading platform and the Sirix Trader. The minimum trade size is 0.01 lots and the account comes with negative balance protection. It also comes with a personal trading trainer and SMS Trading Alerts, it also comes with VIP trading support.

Platinum Account: The platinum account is the top-level account and requires a deposit of €15,001 or more. The account has floating spreads and a leverage up to 1:50. It allows for hedging and the use of expert advisors. The base currency can be in either USD, EUR, or GBP. It offers 24 hours live support along with the use of both the MetaTrader 4 trading platform and the Sirix Trader. The minimum trade size is 0.01 lots and the account comes with negative balance protection. It also comes with a personal trading trainer and SMS Trading Alerts, it also comes with VIP trading support.

ECN Account: The ECN account requires a minimum deposit of at least $500, it can be in USD, EUR, or GBP, and spreads are floating and start from around 0.6 pips. There is a commission of $7 per round lot traded. It used market execution and the minimum trade size is 0.01 lots with the maximum being 10 lots. Leverage can be up to 1:50 and the margin call level is set at 200% while the stop out level is set at 100%. Expert advisors, scalping, and hedging are all allowed.

Platforms

There are two platforms available to use should you sign up with Swill Investor 24. Let’s take a look at what they are.

MetaTrader 4 (MT4) is one of the world’s most popular trading platforms and for good reason. Released in 2005 by MetaQuotes Software, it has been around a while, it is stable, customizable, and full of features to help with your trading and analysis. MT4 is compatible with hundreds and thousands of different indicators, expert advisors, signal providers, and more. Millions of people use MT4 for their interactive charts, multiple timeframes, one-click trading, trade copying, and more. In terms of accessibility, MT4 is second to none, available as a desktop download, an app for Android and iOS devices, and as a WebTrader where you can trade from within your internet browser. MetaTrader 4 is a great trading solution to have.

Sirix Web Trader is one of the most significant developments in the world of currency trading, offering the luxury of executing trades from mobile phones, computers, and tablets without downloading or installing any software. With Sirix, a single click seamlessly connects you with a variety of currencies and markets. It’s compatible with both Mac OS and Windows. Features include 24/7 user updates, backup options, secure interface, 24/7 software availability, encrypted services, management of multiple accounts, hassle-free transactions, real-time online trading tips, forecasts, graphical representations, and more.

Leverage

The maximum leverage for all accounts is 1:50, leverage can be selected when opening up an account, if you wish to change it on an already open account then you will need to get in contact with the customer service team.

Trade Sizes

Trade sizes for all accounts start at 0.01 lots which are known as micro-lots, they then go up in increments of 0,01 lots so the next trade would be 0.02 lots and then 0.03 lots. The maximum trade size for all accounts is 10 lots which is a little on the low side but still high enough for the majority of traders. 

Trading Costs

All 4 standard accounts use spread based systems that we will look into later in this review and so do not have any added commission. The ECN account has an added commission of $7 per round lot traded which is just slightly higher than the average $6 per round lot traded around the industry.nSwap charges are also present, these are interest charges that are incurred for holding trades overnight, they can be both negative or positive and can usually be viewed from within the trading platform of choice.

Assets

Swiss Investor 24 breaks their assets down into 4 different categories, forex, commodities, indices, and equities, let’s take a look at what each one includes.

Forex: There are 50 different instruments available to trade. Some of these include AUDCAD, EURUSD, CHFJPY, GBPJPY, NZDCHF, and, USDZAR.

Commodities: There are 18 different commodities available including Aluminum, Cocoa, Copper, Cotton, Lead, Nickel, Palladium, Platinum, Rice, Soybean, Gold, Silver, and more.

Indices: 39 different indices are there to be traded, including, Nasdaq, S&P 500, FTSE 100, and Dow Jones.

Equities: 173 different equities available including the likes of Amazon, Adidas, Tesla, Facebook, and Yahoo.

Spreads

The spreads that you get are dependent on a number of things such as the account type you are using, the ECN account has spread starting from 0.6 pips while the 4 standard account types will have spreads starting slightly higher (unknown exactly what). The spreads are also variable (also known as floating) so this means that when the markets are being volatile, the spreads will often be seen higher. It is also important to note that different instruments and assets have different starting spreads, so while AUDUSD may start at 1.0 pips, other assets like CADCHF may start slightly higher, in this case, 3.9 pips.

Minimum Deposit

The minimum amount to open an account is $500, this will get you either the ECN account or the Mini account. If you want a different account then you will need to deposit more. Once an account is open the minimum top-up deposit amount reduces down to $5.

Deposit Methods & Costs

There are a number of different deposit methods available which are Visa Credit/Debit, MasterCard Credit/Debit, Diners Club, abaqooo, eKonto, epau, eps, Euteller, giropay, Hal Cash, iDeal, Mister Cash, Multibanco, Przelewy24, Sporopay, teleingreso, Ticket Surf, TrustPay, and POLi. We could not locate any information surrounding any deposit fees, however, please check with your own bank or processor to see if they add any fees of their own.

Withdrawal Methods & Costs

The same methods are available to withdraw, for clarification these are Visa Credit / Debit, MasterCard Credit / Debit, Diners Club, abaqooo, eKonto, epau, eps, Euteller, giropay, Hal Cash, iDeal, Mister Cash, Multibanco, Przelewy24, Sporopay, teleingreso, Ticket Surf, TrustPay, and POLi. Just like with deposits, there is no information surrounding any fees, so be sure to check with your processor or bank to see if they charge any transaction fees of their own.

Withdrawal Processing & Wait Time

The processing time on the website states that it is instant, if this is the case then they will be processed the same time as you make the request. Once it is confirmed there will be a slight delay between 15 minutes and 5 days depending on the method you use before your funds are available in your account.

Bonuses & Promotions

We could not locate any information on the website in regards to bonuses or promotions so it does not appear that there are any active ones at the time of writing this review. If you are interested in bonuses then be sure to check back regularly or get in contact with the customer service team to see if there are any upcoming bonuses or promotions.

Educational & Trading Tools

The educational section of the site is fairly basic, in fact, it just comprises two pages, one about technical analysis and the other about fundamental analysis. This won’t really teach you how to do it or how to master it, so if you are looking for a course or information to learn you may need to look elsewhere. It would be nice to see Swiss Investor 24 put a bit more effort into the educational side of their site.

Customer Service

If you want to get in contact with Swiss Investor 24 you can do so by using the broker’s online submission form, fill in your query and you should get a reply via email. You can also email them directly or use a telephone line. The support team is open 24 hours, and it does not specify if they are open over the weekend or bank holidays when the markets are closed.

Demo Account

Demo accounts are available but the only one mentioning demo accounts is the ECN account, so it is unknown if other accounts also have demo versions, at any rate, the demo account trading conditions will mimic those of the real account. There is no mention of any time limits on the demo account so hopefully, they work indefinitely.

Countries Accepted

The information about which countries are accepted and which are not is not present on the website, so if you are interested in joining, be sure to get in contact with the customer service team to check if you are eligible for an account or not.

Conclusion

Swiss Investor 24 offers a lot of choices when it comes to accounts, with various different types including an ECNM account is a good start. They also offer a couple of different trading platform options, both being well known and popular solutions. Plenty of ways to deposit and withdraw, however, the lack of information on fees is a little disappointing. Swiss Investor 24 has shown a lot of potential and seems like they could be a competent broker to use.

 

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