Established in 2001, Swissquote Bank SA is specialized is providing online securities trading services to private individuals, businesses and asset managers.
Due to regulatory requirements Swissquote Bank SA performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Swissquote Bank SA will ask him/her to provide the following documents: passport, ID card, utility bill. For corporate clients Swissquote Bank SA will ask to provide corporate documentation as well as information about controlling persons. Swissquote Bank SA may request additional documentation or information depending on the case. Swissquote Bank SA performs client's identity verification via video call. Account opening procedure is usually completed within 1-2 days.
Swissquote Bank SA is the 53rd largest bank in Switzerland in terms of total assets. In 2018 its total assets were 5 395,05 mln CHF, providing the bank with the market share of 0.17%. Swissquote Bank SA is the 7th largest stock exchange bank in Switzerland (out of 43 stock exchange banks) having market share of 2.36% amongst the banks of this category.
Swissquote Bank SA participates in the deposit guarantee scheme of Switzerland. This deposit guarantee scheme applies to credit balances made by private individuals (Swiss and foreign), legal entities (Swiss and foreign) and covers up to up to 100,000 CHF per bank per depositor. Swissquote Bank SA is a member of esisuisse – Deposit Insurance and makes its contributions into it.
Swissquote Bank SA is headquartered in Gland.
Swissquote Bank SA is authorized and supervised by the Swiss Financial Market Supervisory Authority (reference number CHE-102.383.586).