With 20 years of experience servicing international investors and expatriates in over 150 countries, Swissquote Bank Europe gives you the reassurance and peace of mind that only comes with a leader in international investing.
Swissquote, Switzerland’s leading provider of online financial and trading services has acquired Internaxx to gain access to European markets and to further consolidate its standing as the first choice for international investors and expats.
Asset protection:
- Internaxx Bank retains its full bank status and licence in Luxembourg.
- As such, they remain a member of the Luxembourg Deposit Guarantee Fund (FGDL). The FGDL protects all investors by guaranteeing deposits up to the amount of EUR 100'000 per person.
- Your securities assets are not held directly with the Bank but in Nominee with Central Securities Depositaries (CSDs) and other investment grade custodians.
- These assets are segregated from the assets of the Bank and permanently identifiable as yours as the beneficial owner.
- Operating in one of Europe’s major financial centres, Luxembourg is currently host to over 130 Banks and is the 2nd largest Mutual Fund centre in the world after the US, administrating 4 trillion euros in assets.
- The Grand Duchy of Luxembourg is renowned for its stable and well-regulated economy, is one of only 3 AAA credit rated countries in the Eurozone and has strong investor protection laws.
Changes to services as a result of Internaxx's acquisition by Swissquote Bank Europe:
They will continue to provide a range of active investing and financial services for global citizens, including:
- multicurrency deposit account
- international stock
- ETFs trading on 19 international exchanges
- a wide array of investment funds
- the ability to trade across web and mobile applications
They also provide access to their multi-lingual customer support team in Luxembourg.
Changes in currencies available:
Customers will continue to have access to EUR, USD, GBP, CAD, CHF, SEK, SGD, HKD and AUD.
Additionally, they will also have access to AED, ZAR, JPY, TWD, ILS, RUB, TRY, DKK, NOK, CZK, HUF, PLN, and MXN.
These were made available in June 2020 with the introduction of their new platform.
Changes to the markets available through Swissquote Bank Europe (formerly Internaxx):
They will continue to have access to the main stock exchanges of the following countries (as Internaxx offered): USA, Canada, UK, France, Netherlands, Belgium, Germany, Switzerland, Spain, Italy, Sweden, Australia, Hong Kong and Singapore.
Additionally, they will also have access to the stock exchanges of Austria, Denmark, Finland and Norway.
Please note that the Irish Stock Exchange is no longer available.
Swissquote Bank Europe (formerly Internaxx) pricing:
The new rate card featured lower pricing of 0.10% for stocks and ETF commissions, on all stock markets including continental Europe and Asia-Pacific.
| Example |
Old pricing |
New pricing |
| USD 10'000 of Microsoft shares |
EUR 24.04 |
EUR 14.95 (- 38%) |
| GBP 5'000 of iShares FTSE 100 |
EUR 20.83 |
EUR 14.95 (- 28%) |
| EUR 15'000 of Siemens shares |
EUR 39.95 |
EUR 15.00 (- 62%) |
| HKD 40'000 of Tencent shares |
EUR 54.63 |
EUR 14.95 (- 73%) |
You can learn more about the pricing in the rate card below.
Account maintenance is now free as long as you trade at least once per month. A monthly fee of EUR 15 will apply otherwise. This replaced Internaxx's quarterly account maintenance fee.
Internaxx is now fully owned by Swissquote Group Holdings Ltd, the leading online bank in Switzerland with 360'000 clients worldwide, 3 million products and CHF 32.2 billion in client assets.
NOTE:
We would highly recommend reading the 'expert verdict' section of this review to make an informed decision.
Additionally, here's a free guide that can help you achieve better results. In this guide, you'll learn:
- Academic evidence only shared with a select few firms across the world
- A real-life example of why you should never try to outguess the market
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- Why you need to focus on what you can control and why this leads to a better investment experience
- Why you should accept the markets for what they are
- What can impact behaviour and make people seek instant gratification
