Swissquote has changed the currency basis of selected charges on its Swiss securities service. The revision scheduled for 1 October is now reflected in its live tariff: affected fees are stated in Swiss francs, and a charge paid in another currency is converted at the interbank midpoint without an added FX markup.[1][2]
Which charges are covered
| Product group | Scope of the change |
|---|---|
| Investment funds | Funds in own custody and Prime Partner Funds.Source 1 |
| Bonds | Part of the Swiss-market tariff; over-the-counter bond pricing is excluded.Source 2 |
| Structured products | Fixed-commission products, including SIX and EUWAX trades; over-the-counter structured products are excluded.Source 3 |
The conversion rule is easiest to understand as a billing calculation. Swissquote’s own example converts a CHF20 fee into €21.47, using its stated 28 July exchange rate. The €1,500 transaction size in that illustration is distinct from the amount being converted: the new rule translates the commission into the payment currency. The historic example is not a live exchange-rate quotation.[3]
The current fund schedule lists CHF0 for online subscriptions and redemptions in funds held in own custody, and CHF9 for Prime Partner transactions. Other fund categories retain percentage-based pricing and minimum charges. Fund-company front-end or back-end loads can also apply under the prospectus, so the broker’s displayed charge is only one component of the investment’s cost.[1]
For structured-product orders, execution timing can change the bill. Multiple partial fills on the same day attract one commission, while fills on different days attract a charge on each day. That condition remains relevant even when the currency conversion of each charge carries no markup.[3]
Exchanging the money used to finance a purchase is a separate transaction. Swissquote’s ordinary currency-exchange tariff lists 0.95% for conversions between its major currencies, a group including francs, euros and US dollars. It publishes different rates for other currency categories. An investor starting with the wrong cash currency must therefore distinguish the conversion of the purchase money from the conversion of the brokerage fee.[4]
The change standardises selected commissions rather than establishing a uniform reduction in trading costs. A meaningful comparison still needs the instrument category, venue, order value, execution dates and starting cash currency.[1][3][4]
Sources & further reading
- Funds trading fees and commissions Swissquote Bank · Accessed 29 Oct 2026
- Bonds trading fees and commissions Swissquote Bank · Accessed 29 Oct 2026
- Structured-products trading fees Swissquote Bank · Accessed 29 Oct 2026
- Currency-exchange trading fees Swissquote Bank · Accessed 29 Oct 2026