Swissquote pre-tax profit surges 111% in 2021

Steffy Bogdanova
January 13, 2022 8:55 am

Switzerland-based online trading platform Swissquote today revealed its yearly financial results for 2021.

The company reported record results, exceeding its expectations for the year.

The broker reported net revenues of CHF 472 million. The number is 48.8% higher than the previous year’s CHF 317.3 million.

 

Swissquote

Pre-tax profit came at CHF 223 million in 2021. This represents a 111.2% jump from CHF 105.6 million in 2020.

Customer growth

Swissquote highlighted that the record results for the year were driven by customer growth and organic net new money inflow of CHF 9.6 billion, higher than previous year’s CHF 5.3 billion.

Moreover, client assets on the trading platform rose above CHF 55 billion.

Swissquote Group announced on Wednesday that it has acquired Keytrade Bank Luxembourg through its Luxembourg-based subsidiary.

 

LeapRate Analyst

Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
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