Swissquote Bank Europe S.A

Anna Mileiko Created by Anna Mileiko

Swissquote Bank Europe S.A Logo

Address

2, rue Edward Steichen, 2958, LUXEMBOURG, Luxembourg

BIC

SWQBLULL

Overview

Category

Commercial banks

Business Focus

securities trading

Internaxx Bank provides a broad range of international trading and investment products including multi-currency accounts to invest in stocks, ETFs, funds and access margin, and derivatives accounts to invest in CFDs, Forex, futures and options through its partner, Swissquote Bank.

Performance

In 2023, Swissquote Bank Europe S.A achieved the position of 54th largest bank in Luxembourg with a market share of 0.08%; its total assets dropped by 0.29%.

Additionally, the bank became the 14th profitable bank in relation to its total assets showcasing 1.42% return on assets and 15.63% return on equity in 2023.

Deposit Protection

Deposits up to 100,000 EUR are covered by Luxembourg deposit guarantee scheme in Swissquote Bank Europe S.A.

Services

securities trading
wealth management

Area Served

WorldwideWorldwide

Products

trading accounts

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits
SEPA Direct Debits B2B

See Also

Account Opening

Becoming a client of Swissquote Bank Europe S.A can be done in a few steps:

Swissquote Bank Europe S.A Account Opening
1.
Submit online application
2.
Sign and send documents
3.
Make transfer

See Also

Ways to Bank

Swissquote Bank Europe S.A delivers its products and services via direct (online) channels only, namely:
Swissquote Bank Europe S.A Ways to Bank
online banking online banking
desktop app desktop app
mobile app mobile app

Financials

Total Assets of Swissquote Bank Europe S.A
Annual_profit of Swissquote Bank Europe S.A
Market Share of Swissquote Bank Europe S.A
Total Assets (2023)
790.38 mln EUR   (-0.29%)
Annual Profit (2023)
11.24 mln EUR   (+293.01%)
Number of Employees (2023)
66   (+37.50%)

Swissquote Bank Europe S.A ranks as the 54th largest bank in Luxembourg by total assets. In 2023 its total assets were 790.38 mln EUR, representing a 0.08% market share. In 2023 the bank's annual profit was 11.24 mln EUR. As of 2023, the bank employed 66 people.

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Fonds de garantie des dépôts Luxembourg (FGDL)Fonds de garantie des dépôts Luxembourg (FGDL)
Covered Accounts
all cash deposits
Eligible Depositors
natural persons (Luxembourg and foreign)
SMEs, companies

Swissquote Bank Europe S.A protects deposits up to up to 100,000 EUR per depositor through Luxembourg's deposit guarantee scheme. The scheme applies to all cash deposits made by natural persons (Luxembourg and foreign), SMEs, companies. The bank participates in the Fonds de garantie des dépôts Luxembourg (FGDL), making regular contributions into it.

See Also

Contacts

address2, rue Edward Steichen, 2958, LUXEMBOURG, Luxembourg
phone+352 26 03 20 03
fax+352 26 03 20 43

Swissquote Bank Europe S.A is headquartered in LUXEMBOURG.

Social Networks

Swissquote Bank Europe S.A has profiles at the following social networks:

See Also

Bank Identifiers

BIC (SWIFT)
SWQBLULL
LEI
549300M2IHOB9P5WE714
Company Number
B78729
MFI ID
LUB00324

Bank History

Start Date
November 2000
Previous Name
TD Bank International S.A.

Business Summary

Services
securities trading
wealth management
Products
trading accounts
Area Served
WorldwideWorldwide

Swissquote Bank Europe S.A provides products and services in the areas of securities trading, wealth management. Swissquote Bank Europe S.A offers a range of products including trading accounts.

Account Opening

Account Opening Procedure
submit online application
sign and send documents
make transfer

Opening an account with Swissquote Bank Europe S.A can be done by performing the following steps: submit online application, sign and send documents, make transfer.

Ways to Bank

Business Channels
online banking online banking
desktop app desktop app
mobile app mobile app

Products and services offered by Swissquote Bank Europe S.A are not available at the bank's branches. Swissquote Bank Europe S.A instead uses direct channels to deliver its solutions to customers, namely via online banking system, desktop application, mobile application.

Mobile Application: Internaxx

 3.3, 3 Ratings
Internaxx
Internaxx
Internaxx
Internaxx
Internaxx Supported Languages
GBEnglish

Balance Sheet

Total Assets (2023)
790.38 mln EUR   (-0.29%)
Total Equity (2023)
73.33 mln EUR   (+4.06%)

In 2023 total assets of Swissquote Bank Europe S.A were 790.38 mln EUR. Decline compared to the previous period (2022) was -0.29%. The evolution of the total assets of Swissquote Bank Europe S.A is shown at Chart 1 below.

Total Assets of Swissquote Bank Europe S.A.

Chart 1. Total Assets of Swissquote Bank Europe S.A.

Income Statement

Annual Profit (2023)
11.24 mln EUR   (+293.01%)

Recent changes in gross profit of Swissquote Bank Europe S.A and its main components are shown in Table 1.

2022 2023 change (%)
Net Interest Income 8.1 22.5 +176.04%
Net Commission Income 8.8 9.4 +6.74%

Table 1. Recent changes in gross profit of Swissquote Bank Europe S.A (mln EUR).

In 2023 annual profit of Swissquote Bank Europe S.A was 11.24 mln EUR. Growth compared to the previous period (2022) was 293.01%. The evolution of the annual profit of Swissquote Bank Europe S.A is shown at Chart 2 below.

Annual Profit of Swissquote Bank Europe S.A.

Chart 2. Annual Profit of Swissquote Bank Europe S.A.

Number of Employees

Number of Employees (2023)
66   (+37.50%)

In 2023 there were 66 employees of Swissquote Bank Europe S.A. Growth compared to the previous period (2022) was 37.50%. The evolution of the number of employees of Swissquote Bank Europe S.A is shown at Chart 3 below.

Number of Employees of Swissquote Bank Europe S.A.

Chart 3. Number of Employees of Swissquote Bank Europe S.A.

Market Share and Rank (among banks in Luxembourg)

Total Assets (2023)
54th (market share 0.08%)

In 2023 Swissquote Bank Europe S.A was ranked the 54th largest bank in Luxembourgin terms of total assets, having 0.08% of the domestic market share.

Market share of Swissquote Bank Europe S.A (among banks in Luxembourg)

Chart 4. Market share of Swissquote Bank Europe S.A (among banks in Luxembourg)

Historical changes in Swissquote Bank Europe S.A's domestic rank and market share over 2019-2023 are shown below:

YearRankMarket %
2023540.08 %
2022550.08 %
2021620.04 %
2020620.05 %
2019640.05 %

TheBanks.eu identified several banks banks having the market shares and ranks closest to Swissquote Bank Europe S.A listed below.

RankNameMarket %Total Assets
53 Bankinter Luxembourg S.A.0.08%802.52 mln EUR   (-4.40%)
54 Swissquote Bank Europe S.A0.08%790.38 mln EUR   (-0.29%)
55 Banque Havilland S.A.0.07%723.85 mln EUR   (-22.90%)

Identifiers of Swissquote Bank Europe S.A

Discover key identifiers of Swissquote Bank Europe S.A including its BIC, LEI, company number, MFI ID.

BIC (Business Identifier Code)

BIC: SWQBLULL

The BIC (also known as SWIFT code) for Swissquote Bank Europe S.A is SWQBLULL. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.

KeyValue
BIC SWQBLULL
Bank BIC Code SWQB
Country Code LU (Luxembourg)
Location Code LL
Branch Code -

LEI (Legal Entity Identifier)

LEI: 549300M2IHOB9P5WE714

Swissquote Bank Europe S.A’s LEI is 549300M2IHOB9P5WE714. This code is critical for verifying the institutions’s legal identity in financial markets and is used for regulatory reporting and risk management.

KeyValue
LEI 549300M2IHOB9P5WE714
LOU Identifier 5493
Reserved 00
Entity Identifier M2IHOB9P5WE7
Verification ID 14

Company Registration Number

Company Registration Number: B78729

Swissquote Bank Europe S.A is registered in Luxembourg under company number B78729. Company Registration Number is a distinctive code issued upon registration of a new company. Company number can be used to find data about the company in a national company register.

KeyValue
Company Number B78729

MFI ID (Monetary Financial Institution Identifier)

MFI ID: LUB00324

Swissquote Bank Europe S.A’s MFI ID, LUB00324, is assigned by the European Central Bank to identify the institution within the EU's financial system. The first two digits represent Luxembourg (LU), followed by the institutions's internal ID.

KeyValue
MFI ID LUB00324
Country Code LU
MFI Code B00324

Banks Similar to Swissquote Bank Europe S.A

TheBanks.eu identified several banks similar to Swissquote Bank Europe S.A based on various criteria, including:

  • country of incorporation
  • bank category
  • business focus
  • originating country
  • total assets (market share)

Bank Category
Commercial banks
Business Focus
private banking, asset management
Total Assets
976.21 mln EUR   (-0.05%)

Bank Category
Commercial banks
Business Focus
wealth management
Total Assets
970.02 mln EUR   (+10.77%)

Bank Category
Commercial banks
Business Focus
wealth management
Total Assets
802.52 mln EUR   (-4.40%)

Bank Category
Commercial banks
Business Focus
private banking, wealth management
Total Assets
723.85 mln EUR   (-22.90%)

Bank Category
Commercial banks
Business Focus
boutique private banking
Total Assets
666.08 mln EUR   (-21.37%)

TheBanks.eu Values Your Privacy

We use cookies to provide you with an excellent user experience. By clicking “Accept All”, you consent to our use of cookies.

Customize Cookies

We use cookies to ensure an excellent user experience and provide personalized information. Below you will find a detailed description of all the types of cookies we use.

Necessary Cookies

Required for essential site functions, such as secure system log-in or setting your preference parameters. Necessary cookies do not store any personal data.

Analytical Cookies

Required for site usage statistics, allow the analysis of indicators such as the number of visits, traffic sources, etc.

Advertising Cookies

Required to provide personalized advertising based on visited pages and analyze ad campaign efficiency.