Bithumb vs Swissquote, for 2024
Read our In-Depth Bithumb vs Swissquote Review - 2024 Update
This review comparing Bithumb and Swissquote has been updated for 2024 by knowledgeable insiders boasting extensive financial experience in Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of Bithumb vs Swissquote does not apply to all countries as follows:
Bithumb Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Swissquote Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Bithumb vs Swissquote
All trading platforms feature a few advantages and disadvantages, so any comprehensive analysis of Bithumb vs Swissquote cannnot be complete without embracing a balanced approach.
Compare Bithumb and Swissquote to understand the way these platforms stack up against each prior to you decide to make an account. A side-by-side comparison will bring aspects in perspective in order that you are informed about what to expect.
So you are looking for a reputable broker and are choosing between Bithumb or Swissquote. Who should you choose?
This Bithumb vs Swissquote comparison contains the latest information so you can easily compare Swissquote against Bithumb.
If you're a new entrant in the realm of trading and brokers, so many facts will be confusing for you. Getting into the world of trading demands expert analyzing skills and comprehensive knowledge. You will acquire proficient at all of the concepts of brokerage since you continue trading. For starters, you have to choose the right broker who will be transparent with you always.
Within this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. Bithumb and Swissquote are just two such stages which will take you along with your investment into great heights. It's crucial that you compare Bithumb vs Swissquote until you trust them with your cash.
Our Bithumb vs Swissquote comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Bithumb and Swissquote side by side.
Our entire Bithumb vs Swissquote Review covers everything you need to learn about trading with either Bithumb or Swissquote. A fantastic broker can multiply your first investments and provide you favorable profits. If you would like to make profits, you must trade with a broker service that contrasts with your investment goals.
There is no sure-fire way to ensure profits; therefore, you must carefully analyze your broker before you select them. It's a common misconception that all agents will be exactly the same, but that is not true. Wrong judgment, in the beginning, can put your investments at risk.
Bithumb and Swissquote are both brokers which have paved their way successfully to the brokerage world. In this review, we've attempted to collate some of the vital facets of both Bithumb and Swissquote. This review can help you to know whether either Swissquote or Bithumb is a fantastic match for your investments or not. We've tried to breakdown all of the qualities and charges for your convenience.
Benefits of Bithumb and Swissquote Compared
Bithumb offers a minimum deposit of $500 while Swissquote offers a $0 minimum deposit.
Why smaller minimum deposits are good and how Bithumb and Swissquote compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
Bithumb allows you to trade around 56 financial instruments while Swissquote has around 56 on their platform.
The more financial instruments you can trade on the Bithumb and Swissquote platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of Bithumb or Swissquote.
Bithumb and Swissquote Contact Details
Being able to contact a broker simply is a sign of a professional broker. Bithumb and Swissquote have the following contact details and social medias that you can use.
Broker | Bithumb | Swissquote |
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Telephone Number | +41 44 825 88 88 | |
Address | Chemin de la Cr├®taux 33, Gland, Vaud 1196, Switzerland | |
Bithumb Twitter Account | Swissquote Twitter Account | |
Bithumb Facebook Page | Swissquote Facebook Page | |
Bithumb Instagram Account | Swissquote Instagram Account | |
Bithumb LinkedIn Page | Swissquote LinkedIn Page | |
YouTube | Bithumb YouTube Channel | Swissquote YouTube Channel |
Find Out More |
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Swissquote and Bithumb Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing Bithumb and Swissquote will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
Bithumb vs Swissquote - Awards
Broker | Bithumb | Swissquote |
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Awards | At the time of writing this Bithumb review, and despite Bithumb’s impressive offering, the company has surprisingly not garnered any awards to date. |
Swissquote have won a lot of industry awards over the time they have been operating as an online broker. We detail the most recognised awards for Swissquote here.
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Find Out More |
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Bithumb vs Swissquote - Frequently Asked Questions
Bithumb vs Swissquote - Headquarters And Year Of Founding
Bithumb was founded in 2009 and has its headquaters in Hong Kong.
Swissquote was founded in 1999 and has its head office in Switzerland.
What is the minimum deposit for Swissquote or Bithumb
The minimum deposit for Bithumb is $500.
The minimum deposit for Swissquote is $0.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Bithumb and Swissquote are a good option.
Bithumb vs Swissquote - Regulation And Licencing In More Detail
Bithumb is regulated by Unregulated.
Swissquote is regulated by Financial Conduct Authority (FCA).
Bithumb is unregulated but Swissquote has a strong set of rules for ensuring fair trading onto its own platforms. For information encryption functions, they supply industry-standard secure socket layer (SSL).
In accordance with their own privacy regulation, customer information is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare Bithumb vs Swissquote Commission And Fees
Bithumb and Swissquote are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. In other words, an internet broker isn't necessarily affected by the number of customers they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily three types of penalties for this objective.
The first sort of charges to look out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're billed trading charges. In such cases, you are paying a spread, financing rate, or even a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the flip side, a spread denotes the difference between the buying and selling cost. Financing or overnight rates are those that are billed when you maintain a leveraged position for more than daily.
Aside from trading charges, online agents also bill non-trading fees. These are determined by the activities you undertake in your account. They're charged for operations like depositing money, not trading for lengthy periods, or withdrawals.
In general, neither Bithumb or Swissquote charge high fees compared to other online brokers. For operations other brokers fee for, they either do not charge a broker fee, or they charge a smaller amount. This can be beneficial for those who often exchange, such as daily or weekly trading.
However, non-trading fees billed by Bithumb and Swissquote are comparatively greater. Consequently, you are charged more for non-trading actions in your trading account, such as deposits and withdrawal. These are not related to the purchase and sale of resources.
This Bithumb vs Swissquote review for 2024 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For Bithumb And Swissquote
What Languages Do Bithumb And Swissquote Support?
Being able to talk easily with your trading broker is a key part of comparing trading platforms to find your perfect broker. Not only for support but to ensure you understand everything on their site and inside their application as it is a key factor to success when trading online.
Below you will find all the languages that both Bithumb and Swissquote support.
How Many Clients Do Bithumb and Swissquote Have?
Both Bithumb and Swissquote are well established with their client base. It is important to work with an online broker that is professional and one of the easiest ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many customers Bithumb and Swissquote are working with
What Payment Methods Do Bithumb and Swissquote Accept?
Bithumb and Swissquote both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at Bithumb and Swissquote
What Can You Trade With Bithumb and Swissquote?
Bithumb offers 56 trading instruments whilst Swissquote offers 100.
Below you will find a full breakdown of what both Bithumb and Swissquote offer.
Bithumb Review
Bithumb vs Swissquote:
Table Of Contents
- Compare Bithumb vs Swissquote
- Benefits of Bithumb and Swissquote Compared
- Swissquote and Bithumb Mobile App Comparison
- Bithumb vs Swissquote - Awards
- Bithumb vs Swissquote - Frequently Asked Questions
- What is the minimum deposit for Swissquote or Bithumb
- Bithumb vs Swissquote - Regulation And Licencing In More Detail
- Compare Broker Fees For Bithumb And Swissquote
- What Languages Do Bithumb And Swissquote Support?
- How Many Clients Do Bithumb and Swissquote Have?
- What Payment Methods Do Bithumb and Swissquote Accept?
- What Can You Trade With Bithumb and Swissquote?