Swissquote to function in Cyprus; receives a license from CySEC

Swissquote, a Swiss banking group, took to Twitter to announce their new setup of Swissquote Capital Markets in Cyprus. Yesterday, the Cypriot subsidiary of Swissquote Capital acquired the license from CySEC,. With this new opening in the European Union, Swissquote aims to expand systematic and successful foreign exchange trading in the European territory. Following its branches in Malta and Luxembourg, Cyprus is third in the European Union.

For the past two months, customers of Swissquote have had access to invest directly in stocks available on the Dubai Financial Market. Although representation of  Swissquote has taken place in Dubai for the last 12 years, this big step would permit direct access to national and international customers to the expanding investment opportunities provided by DFM, the leading revenue market.

After having a remarkable increase in the number of new customers in recent years, Swissquote expanded its team and took the whole Customer Care department to an ultra-modern office in Zurich-Stettbach last month, maintaining high standards of Swiss. Its customer care also manages the inquiries from the booming fintech app Yuh.

Swissquote, a Swiss banking group, is Switzerland’s leading online banking, allowing above 3M financial products to trade on its platforms. The expertise of Swissquote includes custody of crypto assets and trading, global stock market trading, RoboAdvisor solution, and Forex trading. Its wide range of financial products makes it one of the best forex brokers in UAE. It also functions in the mortgage, lease markets, and payment cards.

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The new office of Swissquote Capital Markets in Cyprus targets the vision of Swissquote Group to expand its currency exchange activities to national and international levels. Its headquarters are in Switzerland and Gland, with offices from London, Zurich, Dubai, Bucharest, Malta, Luxembourg, Singapore, Hong Kong, and recently added Cyprus.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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