FNG Exclusive… Following our exclusive report from early this morning that leading Switzerland based online trading firm Swissquote (SWX:SQN) was expanding and hiring in Cyprus – most recently adding former Orbex, eToro and IronFX executive Zoltan Nemeth as COO – we have now learned that Swissquote has indeed just received its CIF license from regulator CySEC for its Cyprus based subsidiary, Swissquote Capital Markets Ltd (CY).

The company will use the brand Swissquote Capital Markets when its EU-facing business out of Cyprus begins full operations in 2023.

Swissquote Managing Director and Head of Sales Muamar Behnam, who is also a board member of Swissquote Capital Markets Ltd (CY), posted the following note today on social media.

Very happy to share this new milestone in Swissquote’s young history. We received our license from CySec (Cyprus Securities and Exchange Commission) and are ready to start operations in the New Year. Swissquote Capital Markets will be the name of this new entity of the Group.

Many thanks to all those who worked hard to make this happen , the team here in Limassol – Elif Kundakci, Zoltan Nemeth, Alexandros Panagi, Fini Ioannou, Ioana Polykarpou), Daniella Karam who is the cornerstone of any project I have done at Swissquote, our four Non-Executive Directors, John Georgoulas, Sophocles Parapanos, Marc Burki, Jan de Schepper and the 50+ Swissquote collaborators, from Staff to Directors, at our Headquarters in Gland who helped, supported and sweated a lot to get us over the line.

Looking forward to 2023 now!!!