Internaxx becomes
Swissquote Bank Europe
Internaxx joins the Swissquote family
_
In August 2018, we announced that Internaxx would join the Swissquote family. Following regulatory approval by the European Central Bank and the CSSF in Luxembourg, Internaxx is now a fully owned entity of the Swissquote Group.
Under the Swissquote brand, Internaxx will continue to provide outstanding service to clients in Europe as well as expats and global citizens around the world. Regulated as a bank in Luxembourg, in the heart of the EU, clients will continue to enjoy the same financial consumer protections and guarantees, as well as the added reassurance that a large publicly traded banking group can provide.
As the leading online bank/broker in Switzerland, Swissquote will enable product range expansions and platform enhancements to better serve the differentiated needs of investors and traders.
Internaxx and Swissquote already share the same values, so operating under a single Swissquote brand will help Internaxx serve more people in more places. As Internaxx becomes Swissquote Bank Europe, you will notice changes in visual identity, including the logo, colours and website address.
If you want to know more, please take a look at our Questions & Answers, or contact us as usual.
Questions & Answers
_
About the acquisition
Swissquote, Switzerland’s leading provider of online financial and trading services has acquired Internaxx to gain access to European markets and to further consolidate its standing as the first choice for international investors and expats.
Swissquote is Switzerland’s leading provider of online financial and trading services. Listed on the SIX Swiss Exchange (symbol: SQN) since May 29, 2000, the Swissquote Group has its headquarters in Gland, near Geneva, and offices in Zürich, Bern, Dubai, Malta, Hong Kong, Singapore and London. The Group currently employs 662 staff. Click here to find out more about Swissquote.
About our services
We will continue to provide a range of active investing and financial services for global citizens, including our multicurrency deposit account, international stock and ETFs trading on 19 international exchanges, a wide array of investment funds, the ability to trade across web and mobile applications, and access to our multi-lingual customer support team in Luxembourg.
We have developed new web and mobile platforms to better serve you and broaden the range of products we can offer in the future.
In March 2020 we will offer access to some new markets and currencies. Swissquote has the resources, scale and platforms to accelerate our ambition to provide you with the broadest range of market-leading products and services. We will listen to your needs and continue to develop and offer products and services that help you create a safe home for your wealth.
Yes, all Internaxx accounts remain subject to Luxembourg’s strict banking and privacy laws. We are regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg under the oversight of the European Central Bank.
The Luxembourg financial centre numbers over 130 Banks and is the 2nd largest Mutual Fund centre in the world after the US. Renowned for its stable and well-regulated economy, Luxembourg is one of only 3 AAA credit rated countries in the Eurozone and has strong investor protection laws. We remain a member of the Luxembourg Deposit Guarantee Fund (FGDL). The FGDL protects all investors by guaranteeing deposits up to the amount of EUR 100'000 per person.
About our rebrand
Internaxx is fully owned by Swissquote Group Holdings Ltd, the leading online bank in Switzerland with 340'000 clients worldwide, 3 million products and CHF 30.5 billion in client assets. Rebranding to Swissquote will better represent our business, create greater clarity about the group’s global offering, and help us serve more people in more places.
These changes will happen at the same time as we introduce our new pricing and platforms in March 2020.