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Screenshot of a breaking news alert e-mail from Q2 2017
Swissquote has eliminated its minimum deposit amount, and is now providing retail FX accounts to its clients without the previous stipulation that a client must deposit $2000.
The firm has also invoked a progressive stop out methodology which is activated in the event that an account reaching stop out levels.
In terms of functionality, instead of a trader closing all open positions when reaching the stop out level, the platform will close the largest losing positions progressively until the trader is back above the stop out level. This allows other trades to remain open provided there is enough remaining equity.
Retail FX has become a very competitive environment these days, and with Swissquote’s recently established collaboration with PostFinance the firm is clearly intending to attract a new base of clients.