Swissquote announced its Q1 2013 earnings report today. The broker reported higher QoQ and YoY Operating Revenue growth, with Net Income declining from 2012. During the quarter, Operating Revenues were recorded at CHF 28.7 million ($30.69 million), 1.9% above the same period last year, and 9.1% above Q4 2012. Net Income came in at 5.48 million ($5.86 million), a 13.3% drop below the same period last year. Cash Flows from operations though increased 58% to CHF 6.90 million from 4.36 million in Q1 2012.
Swissquote reported total clients increased 1.4% to 203,005, with total Assets Under Custody increasing 7.4% to CHF 9.108 billion ($9.74 billion), the first time figures topped CHF 9 billion. The breakdown of clients was as follows; 160,978 trading accounts, 30,153 savings accounts, 11,067 eForex accounts, and 807 private banking accounts.
In FX, Swissquote offers two account types; Trading and eForex. ‘Trading’ accounts are the broker’s multi asset offering, with eForex being limited to just currencies. In its eForex division, volumes dropped to CHF 66.5 billion ($71.1 billion) from CHF 74.7 billion in Q4 2012. Average account size of eForex customers was CHF 11,550. This compares to an average Trading account size of CHF 51,560. Combined FX revenues from both the eForex and Trading account divisions were CHF 9,781 million ($10.46 million). eForex accounts contributed for nearly 70% of the Forex revenues.
Swissquote announced its Q1 2013 earnings report today. The broker reported higher QoQ and YoY Operating Revenue growth, with Net Income declining from 2012. During the quarter, Operating Revenues were recorded at CHF 28.7 million ($30.69 million), 1.9% above the same period last year, and 9.1% above Q4 2012. Net Income came in at 5.48 million ($5.86 million), a 13.3% drop below the same period last year. Cash Flows from operations though increased 58% to CHF 6.90 million from 4.36 million in Q1 2012.
Swissquote reported total clients increased 1.4% to 203,005, with total Assets Under Custody increasing 7.4% to CHF 9.108 billion ($9.74 billion), the first time figures topped CHF 9 billion. The breakdown of clients was as follows; 160,978 trading accounts, 30,153 savings accounts, 11,067 eForex accounts, and 807 private banking accounts.
In FX, Swissquote offers two account types; Trading and eForex. ‘Trading’ accounts are the broker’s multi asset offering, with eForex being limited to just currencies. In its eForex division, volumes dropped to CHF 66.5 billion ($71.1 billion) from CHF 74.7 billion in Q4 2012. Average account size of eForex customers was CHF 11,550. This compares to an average Trading account size of CHF 51,560. Combined FX revenues from both the eForex and Trading account divisions were CHF 9,781 million ($10.46 million). eForex accounts contributed for nearly 70% of the Forex revenues.
iFOREX Adds Saudi and South Korean Equity CFDs as IPO Is Delayed
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
