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.
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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