Almost 84 per cent of Swissquote’s H1 2025 revenue came from its home country, with only a fraction generated in the rest of Europe. However, the company is also growing in the Middle East and Asia-Pacific markets.
Swiss Traders Are the Revenue Driver
Out of CHF 359.2 million in total operating income, Swissquote earned CHF 265.2 million from securities trading in Switzerland and CHF 35.8 million from leveraged forex trading by Swiss clients.
In other European countries, the company generated CHF 26.2 million from securities trading and only CHF 248,770 from leveraged forex.
Read more: Swissquote Raises 2025 Guidance after Record Jump in H1 Revenue and Profits
Revenue from other regions is also small compared to Switzerland. Middle Eastern traders contributed CHF 19.6 million from securities trading and CHF 4.5 million from leveraged forex. From Asia-Pacific, CHF 6.2 million came from securities lending and CHF 1.2 million from leveraged forex.
| Leveraged forex revenue | H1 2025 (in CHF) | H1 2024 (in CHF) |
| Switzerland | 36.8 million | 37.9 million |
| Europe | 248,770 | 287,488 |
| Middle East and Africa | 4.6 million | 5.8 million |
| Asia Pacific | 1.2 million | 3.1 million |
Overall, eFX and CFDs contributed almost 12 per cent of total revenue.
Although revenue from securities trading on Swissquote rose by almost 18 per cent, income from leveraged forex fell by more than 10 per cent. The decline occurred across all regions, including Switzerland.
The Share of Europe Is Declining
Swissquote has always been a Swiss-dominated platform. Although it has a global presence, most of its business still comes from its home country.
When it comes to leveraged forex revenue, the share from Europe outside Switzerland continues to shrink.
Read more: Swissquote’s Yuh App Turns Profitable as Accounts Surge 48%
In the last six months, only about 0.6 per cent of Swissquote’s leveraged forex trading revenue came from Europe outside Switzerland, down from 2.5 per cent in 2020 and 1.8 per cent in 2022.
While revenue from leveraged forex trading by Swiss clients has also fallen over the years, its share of the total has remained largely stable.
Swissquote added 58,000 new accounts in H1 2025, taking the total number of accounts on the platform to over 700,000. However, it did not disclose the geographical breakdown of those accounts.
