Swissquote Introduces the TWINT App as a Client Payment Solution

The Swiss firm aspires to be a worldwide bank serving private consumers.

The app will be accessible to all Swissquote eTrading account users.

Swissquote, a renowned supplier of online financial trading services, stated today that it has introduced its TWINT app as a payment option to help its customers. Clients of the organization will be able to make simple and safe payments through smartphone by using the Swissquote TWINT app.

TWINT is one of the most popular payment applications in Switzerland, with over four million active users. According to Swissquote, the app will be accessible to all of the company's eTrading account users. The Swissquote TWINT app will be free to download.

“The launch of Swissquote TWINT is the next natural step toward our objective of being the first bank for our customers, including in terms of mobile payment.” And we are delighted to have TWINT as a significant partner, stated Swissquote CEO Marc Bürki.

Swissquote has greatly increased its offerings in recent years. In 2021, the financial services company had record growth, with operational sales reaching CHF 479.6 million, a 49 percent increase over 2020. The firm became a structured product issuer on SIX in January 2022.

TWINT App by Swissquote

Clients having an eTrading account and a smartphone will be able to utilize the newly launched app.

“In order to register, Swissquote customers must first download the Swissquote TWINT app from the App Store or Google Play Store.” They will be directed through the registration procedure immediately after activating the app.

TWINT transactions are free for all eTrading-account users, whether for POS or peer-to-peer transactions, according to the company's release.

About Swissquote

Swissquote Group was created in 1996 in Switzerland and has since become one of the world's most trustworthy and well-known brokers. The firm has a desired Swiss stock market listing (SIX: SQN) and over 330,000 customer accounts across Europe, Asia, the Middle East, and Latin America. Swissquote traders are among the most protected as a renowned heritage broker approved by several tier-1 authorities, including Switzerland's own Financial Market Supervisory Authority (FINMA) and the United Kingdom's Financial Conduct Authority (FCA). They're also among the most successful, and they may take use of comprehensive charting tools, a diverse variety of base currencies on forex, CFDs on stock indices, commodities, and bonds, and much more inside the MT4 or MT5 platforms.

Pros

• Many platform types, like Autochartist, allow users to take advantage of additional market possibilities.

• Swiss accounts benefit from money housed in Swiss Tier 1 bank accounts with an IBAN, allowing for easy international trade.

• Accounts with no commissions and spreads starting at 0.0 are the most cost-effective way to trade.

• Plugins provide traders with additional capabilities for order types, charting, technical analysis, and indicators.

• Excellent educational materials are a boon to newcomers.

Cons

• Spreads in Swiss accounts are somewhat greater on average than in EU accounts.

• The extensive but sometimes befuddling assortment of offerings may surprise newcomers off guard.

• Even on the smallest account type, there are high minimum deposit amounts.

Regulated By

• Financial Services Authority of Dubai (United Arab Emirates)

• Financial Markets Surveillance Authority (Switzerland)

• Financial Services Authority of Malta (Malta)

• The Securities and Exchange Commission (Hong Kong)

• For EU traders, Financial Conduct Authority (UK)

Swissquote on WikiFX App

Swissquote has a high rating on the WikiFX platform, which basically implies that this broker is legitimate and has all necessary licenses. According to WikiFX database, their traders have consistently reported small concerns with this broker. WikiFX, on the other hand, feels Swissquote was able to handle and fix the difficulties.

To know more, visit the Swissquote dealer page on WikiFX.

What exactly is WikiFX？

WikiFX is a forex search engine platform that allows traders or consumers to simply find information about a broker by utilizing a single app. The WikiFX app features over 37,000 brokers and collaborates with 30 financial authorities. As a result, WikiFX can help traders handle any forex trading concerns with their brokers.

Stay tuned for more Swissquote news.

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