Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Swissquote Expands Global Presence, Acquires Keytrade Bank Luxembourg
Abstract：The transaction is expected to close in H1 of 2022. Keytrade Bank Luxembourg has nearly 8,200 clients.
The online financial trading services provider, Swissquote announced that it has acquired Keytrade Bank Luxembourg today. The recent acquisition was made through Swissquotes Luxembourg-based subsidiary.
Operating successfully since 1999, Keytrade Bank Luxembourg has a strong presence in the region with approximately 8,200 clients. Moreover, the financial firm has almost EUR 1.7 billion in assets under custody.
Swissquote called the recent acquisition an important step towards its expansion strategy in Europe. According to the financial trading services provider, Swissquote Bank Europe will take over the majority of the employees of Keytrade Bank Luxembourg.
Subject to regulatory approval by the CSSF, the ECB and FINMA, the mentioned transaction is expected to close in H1 of 2022. The purchase price of the deal was not disclosed.
Marc Bürki, the CEO of Swissquote, said: “With the acquisition of Keytrade Bank Luxembourg we will strengthen our European expansion. Moreover, we will continue to develop our service offering to suit the needs of institutional as well as private clients in Luxembourg and the European Union. We will bring together the strengths of both institutions, Swissquote Bank Europe and Keytrade Bank Luxembourg, to become the clear leader in digital investing services in Luxembourg.”
Swissquote in 2021
2021 remained an active year for the multi-asset trading services provider. The company expanded its product offering and launched several new services to meet the growing demand. As a result, the broker reported record numbers for the first half of 2021. The net revenue of Swissquote reached CHF 264.4 million in H1 of 2021, which is 64.5% higher compared to the same period in 2020. In addition, last year, the company signed a three-year sponsorship deal with UEFA.
Regarding the latest acquisition, the company added: “More information about the transaction will be disclosed upon publication of Swissquotes Full Year 2021 results on 17 March 2022.”
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
tastyfx Exposed: Fund Losses, Trade Manipulation & Account Related Hassles Hurt Traders
Are fund losses normal for you at tastyfx? Does the US-based forex broker constantly manipulate prices to hit your trading experience? Do you fail to receive a reply from the broker on your fund withdrawal requests? Do you constantly face trading account issues with tastyfx? It’s time to read the tastyfx review shared by traders online.
Original 1h
Aron Groups Review: Fund Losses, High Commission & Trade Manipulation Keep Traders on Tenterhooks
Have you lost your hard-earned capital while trading via Aron Groups Broker? Has the high commission charged by the broker substantially reduced your trading profits? Does the Marshall Islands-based forex broker constantly manipulate spreads to widen your capital losses? Have you been lured into trading courtesy of Aron Groups No Deposit Bonus, only to find that you had to deposit capital to get a bonus? All these and many more trading issues have become synonymous with the experience of Aron Groups’ traders. Consequently, many traders have shared negative Aron Groups reviews online. In this article, we have shared some of their reviews.
Original 2h
Uniglobe Markets Bonus Review: Understanding the Offers and Uncovering the Risks
Many traders start looking for a new broker by searching for special deals and bonuses. The phrase "Uniglobe Markets no deposit bonus" is something people often search for. Let's address this question clearly and directly. Based on all the information we have, Uniglobe Markets does not currently offer a no-deposit bonus. Instead, this broker focuses on bonuses that require you to deposit your own money first. To get any bonus credits, traders must put in their own capital. Read on to learn how this entire bonus works out for traders.
Original 2h
PINAKINE Broker India Review 2025: A Complete Guide to Safety and Services
As online trading grows in popularity, Indian traders are always looking for brokers that offer good deals and fair conditions. PINAKINE has become one of these companies, getting attention by promising high leverage and many different account options. This broker, officially called Pinakine Liquidity Limited, has been operating for about one to two years and has made many people curious. Traders want to know the answer to the most important question: Is PINAKINE a real and safe place to invest money, or are there hidden dangers behind its attractive offers? Read on to know the answer.
Original 2h
WikiFX Broker
Latest News
Angel one 2025 Review & Complaints
WikiFXLatest FCA Daily Alerts and Consumer Warnings for 2025
WikiFXWebull Widens Crypto Futures with Coinbase Derivatives
WikiFXIs Nash Markets Regulated or Risk? Truth About Nash Markets’ License & Withdrawal Issues
WikiFXCySEC Blocks Certification Access to Combat Advisor Impersonation
WikiFXExclusive Markets Under the Scanner: Traders Report High Swap Charges, Deposit Discrepancies & More
WikiFXPinched By Penny Shortage, US Retailers Beg Congress To Step In
WikiFXPINAKINE Broker Review: A Complete Look at Its Services and Risks
WikiFXVoices of the Golden Insight Award Jury - Simon So, Chief Experience Officer of Hantec Financial
WikiFXPINAKINE Broker India Review 2025: A Complete Guide to Safety and Services
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate