Early last week, Swissquote, which acquired AC Markets (Advanced Currency Markets SA), announced that it would be expanding its reach into Europe by opening up an office in Malta. According to the Board Chairman, Marc B?¼rki, their decision to branch into Europe came as a result of a huge demand from European traders who wanted to trade FX with them, but were previously unable to do so. Furthermore, B?¼rki says it demonstrates the company's dedication to extending their well known services on a global basis. Though they have offices in Zurich, Geneva and Bern and are headquartered in Gland, Switzerland. Currently, the broker's only other international operation is in Dubai.
Swissquote Europe Ltd is fully and jointly owned by Swissquote Bank Ltd and Swissquote Group Holding Ltd. The online investment bank, which is of course based in Switzerland, has worked hard in recent years to establish a solid reputation with FX traders. To that end, earlier this year, The New Europe, a U.K. published financial magazine, recognized Swissquote as providing the best FX services among all Swiss banks. Swissquote Europe Ltd will be a full service provider of Forex trading services, at all levels from retail to institutional traders.
Since May 29, 2000, Swissquote (SQN) has been listed and publicly traded on the Swiss Market Exchange, and is considered Switzerland's premier provider of internet-based financial and Forex trading services. Through the MetaTrader 4 platform, Swissquote offers a wide range of Forex trading services, including the ability to trade 60 currency pairs as well as precious metals and commodities in the spot markets.