Swissquote ← Afterprime

Q: What volume do I need for Flow Rewards?

Flow Rewards TM start with your first trade.

Spreads - The Invisible Variable

The spread is the primary cost of entry for any trader, but it is rarely static. Most brokers quote "typical" spreads that fluctuate wildly during high volatility or low liquidity periods (like the New York/London crossover or market open).

The "Raw" Reality
Many brokers claim "$0.0 spreads," but the frequency of those spreads actually being available to fill your order is the true metric of quality.
The Afterprime Edge
We focus on spread stability. By curating our flow, we reduce the "noise" and "gapping" that often occurs with retail-heavy brokers, ensuring that the price you see is the price you get, under normal market conditions.

Cost Per Lot Impact - More Than Just Commission

Traders often make the mistake of looking at commission in isolation. A low commission is meaningless if it’s paired with wide spreads or poor execution (slippage).

The Total Cost Per Lot formula is: (Spread in Pips x Pip Value) + Round Turn Commission = Total Cost

The Slippage Factor
If a broker has "cheap" costs but slips your entry by 0.2 pips, that is an extra $2.00 per lot added to your cost that doesn't show up on their pricing page. This is an industry-wide dynamic and does not constitute a specific claim regarding Swissquote's execution quality.
Cumulative Friction
For a high-frequency trader or someone moving 1,000 lots a month, a mere $2.00 difference in total cost per lot is the difference between a $2,000 profit and a $2,000 loss.

How it Affects Total Cost Calculation

When we calculate the comparison between Afterprime and other brokers, we don't just look at a snapshot. We aggregate data across different market sessions to provide a "Net Cost" profile.

Volume Weighting
We analyze how costs scale. As your volume increases, the impact of "Flow Rewards^TM becomes the deciding factor. While other brokers keep your commission static regardless of your contribution to the ecosystem, we believe in rewarding "clean" flow.
The Logic of "Flow Rewards^TM"
Unlike traditional "cashback" models which are often just rebates of marked-up spreads, Flow Rewards^TM are a direct reflection of the value your trading flow brings to our liquidity providers.
Insight
By reducing the "toxic" flow (latency arbitrage, etc.) through our invite-only model, our Liquidity Providers (LPs) can offer us tighter pricing. We simply pass those savings directly back to you.

Swissquote Overview

Swissquote is a Swiss bank and online brokerage founded in 1996 and headquartered in Gland, Switzerland. The company has been publicly listed on the SIX Swiss Exchange under the ticker symbol SQN since 2000. Swissquote holds a full banking licence from FINMA, which distinguishes it from most retail brokers that operate solely as brokerage entities. As of mid-2024, the group managed over CHF 68 billion in client assets across more than 610,000 accounts. The broker’s offering spans forex, stocks, ETFs, bonds, options, futures, indices, commodities, and cryptocurrencies. Swissquote operates 10 offices globally and employs over 1,100 staff.

Swissquote Regulation & Entity Structure

Swissquote Group Holding Ltd operates through multiple regulated entities. Swissquote Bank Ltd holds a banking licence issued by the Swiss Financial Market Supervisory Authority (FINMA). Swissquote Ltd in the United Kingdom is authorised and regulated by the Financial Conduct Authority (FCA). Swissquote Bank Europe is licensed by Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). Swissquote MEA Ltd is regulated by the Dubai Financial Services Authority (DFSA). Swissquote Asia Ltd operates under the Securities and Futures Commission (SFC) of Hong Kong. Swissquote Pte Ltd holds a Capital Markets Services licence from the Monetary Authority of Singapore (MAS). Client deposit protection under FINMA extends up to CHF 100,000 per client.

Swissquote Trading Platforms

Swissquote’s flagship proprietary platform is CFXD (previously known as Advanced Trader), which offers customisable layouts, advanced charting, and access to Autochartist integration. The broker supports MetaTrader 4 and MetaTrader 5, as well as TradingView for certain client segments. A proprietary SQX platform is dedicated exclusively to cryptocurrency trading and offers access to over 30 digital assets. Mobile trading is supported via the Swissquote app for iOS and Android.

Swissquote Account Types

Swissquote offers three primary account tiers for forex and CFD trading: Standard, Premium, and Prime. The Standard account requires a minimum deposit of $1,000 USD. The Premium account is available for deposits between $25,000 and $100,000, and the Prime account is designed for clients depositing above $100,000 or with high monthly trading volumes. Spreads on the Standard account begin at 1.3 pips on major forex pairs. The broker does not offer a raw spreads account. Institutional and managed accounts are available for professional entities. A 30-day demo account is available with $100,000 in virtual funds.

FAQ.

Why is Afterprime invite-only?+

We curate membership to maintain clean order flow. Better flow quality means better liquidity access and more consistent execution for all members.

What volume do I need for Flow Rewards?+

Flow Rewards^TM start with your first trade.

How do I verify your execution data?+

Visit ForexBenchmark.com for independent, real-time spread and execution monitoring. We’re listed alongside all major brokers.

Can I switch from IC Markets easily?+

Yes. Most traders transfer accounts in 2-3 business days. We provide a migration checklist and our team assists with the process.

What if my trading style doesn't fit?+

Afterprime is built for system-based traders who track performance and care about total cost. If you trade sporadically or prefer market execution without analysis, we’re probably not the best fit.

Ready to Trade at True Low Cost?

Afterprime is invite-only. Apply below and our team
will review your trading profile within 48 hours.

Customer Notice

Trading derivatives is high risk. Losses can exceed your initial investment. You should only trade with money you can afford to lose. Any Information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Past performance of any product described on this website is not a reliable indication of future performance. You should consider whether you’re part of our target market by reviewing our Target Market Determination, and read our PDS and other legal documents to ensure you fully understand the risks before you make any trading decisions.

The information on this website is not intended to be an inducement, offer or solicitation to any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Total Trading Cost Breakdown

Trading Cost by Forex Major