On September 25th, 2013, MIG Bank became a fully-owned subsidiary of Swissquote Bank Ltd, Switzerland’s leading online financial and trading service provider with the aim of merging both entities together under the Swissquote brand. The Swiss Financial Market Supervisory Authority (FINMA) has approved the merger. It has been completed on December 9, 2013, and all clients’ accounts have been transferred to Swissquote.
With the acquisition of MIG Bank, Swissquote now ranks among the largest global Forex players. Additionally, the expertise of MIG Bank will enable Swissquote to greatly expand its Forex operations as well as to offer the most complete and competitive set of financial services available online. [Read more...]