Swissquote

Swissquote Group Holding Ltd, through its subsidiaries, provides a range of online financial services in Switzerland, rest of Europe, the Middle East, and the Asia Pacific. The company operates in two segments, Securities Trading and Leveraged Forex. It operates an online bank that accepts multi-currency deposits/withdrawals that include crypto assets. The company provides securities trading services, including custody services by means of tools to trade in real time a large palette of asset classes and access a set of investment, decision making, risk monitoring, and margin lending services to private investors, independent asset managers and professional investors, investment funds and other institutional clients, and third-party financial institutions. It also offers access to over-the-counter trading of leveraged foreign exchange and contract-for-differences to private investors, money managers, third-party financial institutions, and investment funds and other institutional clients. In addition, the company provides Lombard and margin loans; and robo-advisory, multicurrency credit card, crypto, online leasing, e-mortgage services. The company was incorporated in 1999 and is headquartered in Gland, Switzerland.

In 1990, Marc Bürki and Paolo Buzzi set up Marvel Communication SA. This company, which specialised in financial software applications, was the forerunner of what was to later become Swissquote.

Foundation and going public

The financial platform Swissquote was founded in 1996. It enables private investors to access the prices of all the securities traded on the Swiss exchange free of charge and in real time. On 29 May 2000, Swissquote shares were floated on the SIX Swiss Exchange. The company obtained its banking license in the same year.

Acquisitions

In 2010, two acquisitions enabled Swissquote to consolidate its position as a leader in online trading. In June the company took over the Zurich-based company Tradejet AG, an online information platform and broker, and then took over ACM Advanced Currency Markets AG in October. The latter acquisition meant that the company's trading business then included online Forex dealing.

In September 2013, Swissquote secured a place in the international market by acquiring and merging with MIG Bank, a company specialising in Forex. This acquisition propelled Swissquote, which aspired to become a major player in the currency market, into the top ten online currency trading service providers.

In January 2015, following the Swiss National Bank's decision to discontinue the minimum exchange rate of 1.20 CHF per euro, Swissquote set aside a reserve of 25 million Swiss francs without, however, compromising the profitability or the soundness of the bank.In August 2018, Swissquote acquired the Luxembourg-based Internaxx Bank SA to gain unrestricted access to the European market. Following regulatory approval by the European Central Bank and the CSSF in Luxembourg, the company was renamed Swissquote Bank Europe SA and is now a fully owned entity of the Swissquote Group.

Read More: sway markets

At Swissquote, we make a priority of enabling our clients to access the financial markets quickly, safely, and completely. Our services are designed to help clients make the most of their financial situation by providing access to trading products and services backed by superior customer service, reliable technology and expertise.

Our vision is to be the global leader in online financial services and to provide the highest level of customer service, technology and expertise. We strive to achieve this vision through a combination of technological innovation, superior customer service and our extensive experience as a financial services provider.

Swissquote is a widely recognized leader in the online financial services sector, having won multiple industry awards, including Best Investor Education Provider and Best Online Broker for the past four years by The European. Additionally, Swissquote has been named Best Online Bank by Global Finance magazine for six consecutive years.