Swissquote Expands International Presence With CySEC License

December 08, 2022 - On 7th December Swissquote Group’s newly established Cypriot subsidiary, Swissquote Capital Markets Ltd, received its licence from CySEC, the financial regulatory authority of Cyprus.

The company has stated that, with this move, Swissquote intends to expand its currency trading activities in the European Union. Adding to the branches in Luxembourg and Malta, Swissquote Capital Markets in Cyprus is now the third location in the EU.

Elif Kundakci, CEO, Swissquote Capital Markets, Cyprus

The Cyprus office is headed up by Elif Kundakci, who recently joined Swissquote from Sheer Markets, where she was the Chief Operating Officer. The firm will operate under the name Swissquote Capital Markets and will begin operations in early 2023.

Swissquote has also been expanding its activity in the Middle East. Since the end of October 2022, Swissquote customers can invest directly in securities listed on the Dubai Financial Market (DFM). Swissquote has been represented in Dubai since 2010 and with this major step, it is now granting local and international customers direct access to the growing investment opportunities offered by the DFM, the region's leading financial market.

Swissquote has also expanded its Zurich office. The record growth in new customers in recent years resulted in an increase in customer enquiries. In order to maintain its traditional Swiss high standards of service quality, Swissquote has expanded its Customer Care team and moved the entire department to new ultra-modern offices in Zurich-Stettbach in mid-November. Swissquote's Customer Care also deals with enquiries from the successful, fast-growing fintech app Yuh. The offices and lounge at Löwenstrasse will remain in use as well.