Founded in 1996, Swissquote is a Forex broker with over two decades of experience. Swiss Financial Markets Authority oversees the corporation (FINMA). Swiss Bankers Association, of which the company is a part, is an industry group that the corporation supports. It is somewhat well-liked by investors and has offices in major financial hubs, including Zurich, London, Dubai, and Hong Kong. Compared to other industry leaders, the company lags in customer service and is well behind other major players in the Forex market. The ranking it holds among Forex broker evaluations is proof of this. Swissquote places a higher value on stability than on indications significant to individual traders, such as the size of the minimum deposit, trading requirements, deposit conditions, and restrictions for withdrawing funds.
Read this interesting Swissquote Review about Swissquote Bank affiliate program
Swissquote Bank affiliate program
Swissquote presents a chance to bring in new customers. In addition, the broker provides several partnership options.
- Invite a buddy. Swissquote Bank offers referral payments of up to CHF 800 per referred client. To earn commissions for bringing new customers to Swissquote, you must let them know your unique affiliate code, which can be found in your user profile. It’s worth noting that the referred customer and the one who referred them both benefit monetarily from the arrangement. The referral incentive is only awarded once the referred user has successfully refilled their account. Their incentive is percentage-based on their initial investment size and capped at 800 CHF.
- Introducing Brokers Solutions. That is a great chance to build your clientele and reap financial rewards from your purchases as an affiliate. The lack of reliable trading conditions for newcomers is a significant reason why traders do not widely use Swissquote Bank. That makes it much harder to get new clients interested in the business. Potential partners can benefit more from working with a well-known Forex broker due to the higher volume of clients these businesses attract.
- The Forex CPA Ad Campaign. Traders can profit from their traffic by participating in a lucrative CPA scheme. The broker ensures an improved method of computing CPA compensation, gives comprehensive data on acquired customers, pays commissions monthly, and offers various other advantages. Each new client you bring in can net you up to $800 in compensation. The disinterest of traders in the broker is a major drawback of the program because it lessens the broker’s chances of making a profit.
Forex Brokers with the lowest Spreads
Since costs can add up rapidly when making numerous daily transactions, active traders benefit greatly from low-spread forex brokers. It’s good that you may pick from a wide variety of low-spread brokers, each of which has its special pricing and set of services. Now that we have that in mind, let’s dig in and check out the list of forex brokers with the lowest spreads :
The Forex.com broker is considered one of the best in the United States. This is yet another solid option with no significant downsides. You may trade 80 different currency pairings on Forex.com. However, while spreads are tight, a flat fee payment of $5 per normal lot is charged. In addition to the well-known MT4 platform, it provides users with a trio of high-end alternatives.
Active traders will not be exempt from inactivity fines. Furthermore, account verification takes a considerable amount of time.
. ForexTime (FXTM)
FXTM is another solid option for seasoned investors and newbies. Spreads at FXTM begin at 0.1 pips, and the broker provides traders with various account options. At FXTM, traders can access 200+ markets and 48+ currency pairs. Its exceptional support for students and instructional resources make it stand out. Unfortunately, FXTM’s CFD fees are pretty hefty. Withdrawal and inactivity fees are also charged.
Libertex is the best choice for traders looking for a forex broker with the tightest spreads. Libertex is one of the best MT5 brokers and does not impose spreads on foreign exchange trading, giving it a distinct advantage over competitors. Instead, Libertex takes a cut of every trade you make, the amount of which varies from asset to asset.
However, some currency combinations, like the Euro to US Dollar and the British Pound to US Dollar, do not incur a charge. When a position is opened, a multiplier determines the fee for other pairs, often less than 0.0003%. Libertex does not charge any monthly account or deposit fee on top of these commissions.