Zurich, London, Luxembourg, Malta, Bucharest, Cyprus, Dubai, Singapore, Hong Kong, Cape Town
Key people
Marc Bürki (CEO), Alexandru Craciun (CTO), Morgan Lavanchy, (CLO) Gilles Chantrier (CRO), Yvan Cardenas (CFO), Nestor Verrier (COO), Jan De Schepper (CSO), Tara Yip (CPO)
Swissquote Group Holding Ltd is a Swiss banking group specialising in providing financial services in the areas of trading, investment solutions and banking services. Swissquote also offers services for independent asset managers and financial institutions. Its headquarters are located inGland, Switzerland. The company also has offices in Zurich, London, Luxembourg, Malta, Bucharest, Cyprus, Dubai, Singapore, Hong Kong and Cape Town with more than 1,134 employees in 2023.[2] The Group's shares have been listed on theSIX Swiss Exchange under the ticker symbol "SQN" since 29 May 2000. Swissquote Bank Ltd holds a banking licence issued by its supervisory authority, theSwiss Financial Market Supervisory Authority (FINMA),[3] and is a member of theSwiss Bankers Association (SBA).
In 1990, Marc Bürki and Paolo Buzzi founded Marvel Communication SA, which specialised in developing software and web applications for the financial sector.[4]
Marvel Communication SA released the financial platform Swissquote, which in 1996 became the first platform to offer free access to all securities traded on the Swiss stock exchange.[5][6][7]
On 29 May 2000, Swissquote went public, listing 410,000 registered shares with a total value ofCHF 100 million on theSIX Swiss Exchange[8] under the symbol SQN. In the same year, the company obtained its banking license.[9][10]
In 2001, Swissquote gained access to the Swiss stock exchange (then SWX and Virt-X), the US stock exchanges NYSE, NASDAQ and AMEX. In 2002, after the takeover of Consors (Switzerland) AG and customers of Skandia Bank Switzerland, Swissquote expanded its offering to include new markets, financial products and services.[11][12]
Partnerships and stages of development (2009–2016)
In 2009, Swissquote created a chair in quantitative finance at the Swiss Federal Institute of Technology in Lausanne (EPFL) and launched the company's first quant funds.[13] In 2010, Swissquote made two significant acquisitions. In June, it acquired Tradejet AG, aZurich-based online information platform and broker.[14] Later, in October, it acquired ACM Advanced Currency Markets AG, expanding its operations to include onlineForex trading.[10][6] In May 2012, Swissquote expanded its offerings with the Swiss Derivatives OTC Trading System (Swiss DOTS) in collaboration with Goldman Sachs and UBS. A few years later, additional partners joined, including Vontobel, BNP Paribas, and Société Générale.[15][16]
In February 2013, Swissquote partnered withBasellandschaftliche Kantonalbank to provide onlinemortgage services.[17][18] In September of the same year, Swissquote expanded in the international market by acquiring MIG Bank, a major forex broker.[19][20] In 2014, Swissquote and PostFinance established a long-term strategic partnership in online trading. From autumn 2015, Swissquote operated as a trading platform for PostFinance, handling stock exchange orders placed by PostFinance customers in e-trading.[21][22]
In January 2015, following theSwiss National Bank's decision to discontinue the minimum exchange rate of 1.20CHF per euro, Swissquote set aside a reserve of CHF 25 million without, however, compromising the profitability or soundness of the bank.[23] On 9 February 2015, Swissquote Financial Services surrendered its Category 3 Investment Services License to the Malta Financial Services Authority.[24]
In September 2015, the company launched Themes Trading, a new thematic investing service that provides customers with information to invest in identified trends.[25] That year, Swissquote launched an Apple TV application that provides round-the-clock financial news coverage.[26][27] Additionally, inspired by Pokémon GO, the company’s engineers also developed Swissquote GO, a geolocalised financial game in Switzerland.[28][29]
In August 2018, Swissquote acquired theLuxembourg-based Internaxx Bank SA with around 12,000 clients and client assets of EUR 2 billion, gaining access to the European market.[30] Following regulatory approval by theEuropean Central Bank and theCSSF in Luxembourg, the company was renamed Swissquote Bank Europe SA and became a fully owned entity of the Swissquote Group.[31][32] The acquisition coincided with regulatory changes by theEuropean Securities and Markets Authority, which limited leverage for retail brokers and prohibited the marketing, distribution, and sale of binary options, indirectly benefiting Swissquote's business model.[33]
In the same year, Swissquote launched its multi-currency credit card, which could be used to pay in 12 different currencies without conversion fees.[34][35]
Swissquote maintains partnerships with major financial institutions such as Banque Pictet, UBS, BlackRock, Vontobel,[36] HSBC, Zürcher Kantonalbank and others, enabling its clients to invest in investment funds.
Since October 2018, Swissquote offers the possibility to buy tokens with Swiss francs via their account and hold them in custody by participating in initial coin offerings (ICOs).[37][38]
In 2019, the company expanded in the Asia-Pacific region by opening Swissquote Singapore Pte.[39]
In November 2019, Swissquote reported suspicious funds amounting to $100 million from Blue Ocean Bank and the Helin Group to the money laundering office; the Swiss authorities then launched an investigation, and Swissquote blocked the funds.[40][41][42]
On April 7, 2021, Yuh Ltd. was founded as a joint venture between Swissquote Bank AG and PostFinance AG in Switzerland.[43][44] The Yuh app was launched to provide users with tools for paying, saving, and investing, offering options such as stocks, cryptocurrencies, thematic investments, and exchange-traded funds (ETFs), with a focus on accessibility for beginners.[45]
Recent developments and strategic partnerships (2021-Present)
Since January 1, 2022, LUKB (Luzerner Kantonalbank) has become Swissquote's exclusive distribution partner for mortgages.[46]
In October 2022, Swissquote launched a crypto exchange SQX and gained access to theDubai Financial Market.[47][48] On November 11-12, the platform experienced a massiveDDoS attack and was down for a significant time.[49]
Since 2023, Swissquote supports South African project Santé Solaire as part of its commitment to sustainable development projects.[50]
In March 2023, as part of its Themes Trading offering, Swissquote introduced the Impact Investing portfolio. This portfolio enables clients to invest in quality stocks while directing 50% of dividends toward real-world projects, such as Solafrica’s initiative to bring solar power to a healthcare center in Burkina Faso.[51]
In May 2023, Swissquote partnered with investment firm Stableton and Morningstar Indexes to launch an actively managed certificate (AMC) targeted at Swiss retail investors. The AMC provides exposure to 20 selectedunicorn companies identified byMorningstar.[52] Later that year, Swissquote introduced a new investment and savings solution for asset management.[53]
In November 2023, Swissquote introduced the Swiss Real Estate Certificate, managed by Finstoy, a Lausanne-based wealth management firm with over a decade of experience. This certificate allows investors to access the Swiss real estate market by investing in a portfolio of real estate funds that own properties exclusively in Switzerland.[54]
In October 2024, Swissquote introduced fractional share trading for retail investors[55] and expanded its collaboration withBNP Paribas' Securities Services business.[56]
Swissquote provides a range of financial services, including trading in equities, funds, bonds, warrants, options, and futures, catering to retail investors, asset managers, and corporate clients. The company also offers digital solutions such as the electronic asset management tool ePrivate Banking, alongside traditional banking services like mortgages, savings accounts, and more specialized options, including currency trading (forex) and cryptocurrencies.[55]
Swissquote operates eight entities authorized in different jurisdictions.[57] Key entities include Swissquote Bank Ltd in Switzerland, Swissquote MEA Ltd in Dubai, Swissquote Bank Europe in Luxembourg and Swissquote Capital Markets Ltd Cyprus. Additional operations span locations in London, Malta, Singapore, Hong Kong, Romania, and South Africa, offering banking, investment, and technology services.[58]
As of June 2024, Swissquote managed over CHF 68 billion in client assets across more than 610,000 private and institutional accounts. In the first half of 2024, the company reported net revenues of CHF 316.9 million (USD 365 million), representing a 19.3% increase compared to the same period in 2023. Pre-tax profit grew by 35.9% year-over-year to CHF 169.7 million, while net profit reached a record CHF 144.6 million. Notably, net income from crypto assets surged by 369% to CHF 35.1 million, accounting for over 11% of Swissquote's total revenue during this period.[59][60]
Swissquote offers a range of services for private individuals, including trading, with access to stocks, ETFs, bonds, options, futures, structured products, and exclusive features like Swiss DOTS and Themes Trading.[61]
Its cryptocurrency services provide trading, custody, wallet solutions, and staking for digital assets.[62]
Forex and CFD trading is supported through Swissquote’s proprietary CFXD platform and MetaTrader 4 and 5, featuring Autochartist for trading signals.[63]
Banking and savings options include "Invest Easy" for portfolio management,[64] "3a Easy" for retirement savings,[65] checking accounts, debit cards, and mortgages in partnership withLuzerner Kantonalbank.
The Yuh app, developed with PostFinance, provides tools for payments, savings, and investments.[66][67]
Swissquote provides a range of services for companies and financial institutions.
Its Trading and Brokerage offerings include multi-asset brokerage, global custody, structured products, Lombard loans, securities lending, and depository management.
The Foreign Exchange and Treasury services cover forex spot trading, swaps, forward contracts, leveraged trading, precious metals, and trust investments.[68]
Swissquote’s Digital Assets services include crypto trading, custody, staking, lending, and the operation of its proprietary SQX crypto exchange.[69][70]
The company also offers Technology Solutions, such as FX trading venues and APIs for seamless integration with trading platforms.[71]
From January 2015 to May 2021, Swissquote was the official partner ofManchester United. This global partnership aimed to make the banking group’s services accessible to a wider audience, as the club has more than 650 million fans worldwide.[72]
By 2020, the company became the official sponsor of the Swiss ice hockey club Genève-Servette HC (GSHC).[73] In 2021, it became the official sponsor of theZSC Lions.[74][75][76][77][78]
Since 2021, Swissquote is a partner of the UEFA Europa League and UEFA Europa Conference League.[79][80]
In December 2024, Swissquote, along with its joint venture Yuh, was announced as an Official National Partner for theUEFA Women's EURO 2025, set to be held in Switzerland.[81]
