MIG BANK

What MIG BANK does

MIG BANK is presented in the firmographics as a Swiss-founded entity established in 2003 with 17 employees. The substantive supplied data, however, describes the entity now operating as Swissquote Bank Ltd, a FINMA-regulated Swiss digital bank publicly listed on SIX Swiss Exchange (ticker: SQN) with global footprint across Switzerland, Luxembourg, the UK, broader Europe, the Middle East, South Africa, Singapore, and Hong Kong. The data inconsistency is noted; the analysis below reflects the substantive operating entity as described.

The company runs a three-pillar platform spanning Trade (stocks, ETFs, crypto, forex, CFDs), Invest (Invest Easy, Saving Plans, ESG/Impact, 3a pension, plus a newly launched Passive Income Plan and pre-IPO access via Stableton), and Bank (debit cards, savings, mortgages) delivered through a multi-currency account. Distribution is multi-channel: the proprietary CFXD platform plus MetaTrader 4/5 and TradingView meet active traders in their existing workflows.

Revenue mechanics are diversified across transaction-based fees (trading commissions, custody), account-based banking fees, and product-linked fees on investment and alternative-asset offerings. Customer segments are explicitly mapped to Active Trader, Investor, and Banker cohorts, served primarily through self-directed digital channels with no disclosed enterprise anchor customers. The only disclosed AI usage is generative AI for website visual content generation, which is operational rather than product-differentiating.

Name

MIG BANK

Legal name

Swissquote Bank Ltd

Website

https://en.swissquote.com

Company type

Public

Operating status

Operating

Headcount range

11–50 employees

Short description

MIG BANK operates as Swissquote Bank Ltd, a FINMA-regulated Swiss digital bank (SIX: SQN) offering integrated trading, investing, and banking services to retail Active Trader, Investor, and Banker cohorts across Switzerland, Europe, UK, Middle East, South Africa, and Asia.

Ownership category

akta.pro rank

Product category

Digital Banking and Trading

NAICS

Depository Credit Intermediation (5221), Commercial Banking (522110), Finance and Insurance (52)

SIC

National Commercial Banks (6021), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Retail FX/CFD Broker Trading Venues (FSAFADAD)

akta.pro secondary industries

Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK), Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), Retirement Planning & Long-Term Financial Planning Tools (FSAGADAI)

Keywords

• Retail banking services
• Foreign exchange trading
• Securities trading
• Digital wealth management
• Cryptocurrency trading

Headquarters

HQ city

Switzerland

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Trading Commissions: Commission-based revenue from securities trading, forex trading, and CFD trading. Trading fees start from CHF 3 with competitive spreads from 1.1 pip.
2. Custody Fees: Custody fees for securities holdings, capped to ensure competitive pricing
3. Banking Services: Revenue from banking products including debit cards (free cards), savings accounts, mortgages, and 3a pension plans
4. Investment Products: Fees from investment products including Invest Easy, Saving Plans, ESG Investing, Impact Investing, and private equity offerings like Stableton unicorn pre-IPO investments
5. Passive Income Plan: Lending program where customers lend assets to borrowers in exchange for monthly yield payments

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels8 records

Core offering

MIG BANK, operating today as the forex and CFDs division of Swissquote Bank Ltd, runs a Swiss-regulated digital banking and trading platform that lets retail clients trade securities, cryptocurrencies, forex, and CFDs, invest through automated plans such as Invest Easy and Saving Plans, and hold multi-currency bank accounts, debit cards, mortgages, and Swiss pillar 3a pensions. Customers access the offering through Swissquote's website, the CFXD proprietary web platform, MetaTrader 4/5, TradingView, the mobile app, and the client portal, all under FINMA oversight and the Swissquote Bank Ltd license.

Product overview

Swissquote operates as a Swiss digital banking and trading platform offering a multi-product ecosystem organized into three main pillars: Trade, Invest, and Bank. The Trade division covers securities (stocks, ETFs), cryptocurrencies, Forex, and CFDs accessible via proprietary platforms (Client Portal, CFXD) and third-party MetaTrader 4 & 5. The Invest pillar provides automated investment solutions including Invest Easy, Saving Plans, ESG/Impact Investing, and 3a Easy pension products. The Bank pillar delivers traditional banking services including debit cards (Light/Bright/Elite tiers), savings accounts, and mortgages. Additional offerings include the Stableton private equity platform for pre-IPO unicorn access and the Passive Income Plan for securities lending. The company positions itself as a comprehensive digital wealth management platform combining Swiss banking security with fintech innovation, serving retail investors, traders, and affluent clients across multiple global regions.

Differentiator

Problem solved

Functional benefit

Brands

• CFXD: Forex & CFDs trading platform
• MetaTrader 4 & 5
• Invest Easy
• 3a Easy
• Save Easy
• Passive Income Plan
• Stableton

Products and services

• Stocks Equity trading product allowing retail investors to trade stocks on global markets through the Swissquote platform.
• ETFs Exchange-traded funds trading product providing diversified index investing on the Swissquote platform.
• Cryptocurrencies Digital asset trading covering major cryptocurrencies including Bitcoin with multiple trading options for retail clients.
• Forex Foreign exchange trading with competitive spreads from 1.1 pip, accessed via Swissquote's forex platforms.
• Bitcoin Bitcoin spot trading positioned as the crypto gold standard, including market navigation tools for retail traders.
• Bitcoin CFDs Contract-for-difference product on Bitcoin enabling traders to take long or short positions on Bitcoin volatility through CFXD, MetaTrader 5, or TradingView.
• Invest Easy Automated investment solution for retail clients that simplifies portfolio building and ongoing management.
• Saving Plan Recurring investment plan enabling clients to build wealth systematically through periodic contributions.
• ESG Investing Investment products focused on environmental, social, and governance criteria for sustainability-oriented retail investors.
• Impact Investing Investment products targeting measurable positive social or environmental impact alongside financial returns.
• 3a Easy Swiss pillar 3a retirement savings product with simplified contribution management for individual retirement planning.
• Debit Cards Bank debit cards offered in Light, Bright, or Elite tiers with varying benefits, available free of charge to Swissquote banking clients.
• Save Easy Straightforward savings account product for deposit storage by individual banking customers.
• Mortgage Real estate financing product supporting property purchases for retail borrowers.
• Stableton Private Equity Pre-IPO unicorn investment access via Stableton Morningstar PitchBook Unicorn 20 AMC, enabling retail clients to invest in private companies such as OpenAI, Databricks, and Anthropic before listing.
• Passive Income Plan Asset lending program in which clients lend securities to top-tier borrowers in exchange for monthly yield payments.
• MetaTrader 4 Trading Platform MetaQuotes fourth-generation trading platform for Forex and CFD trading distributed under the Swissquote brand.
• MetaTrader 5 Trading Platform MetaQuotes fifth-generation multi-asset trading platform supporting Forex, CFDs, and crypto trading distributed under the Swissquote brand.
• CFXD Trading Platform Proprietary crypto CFD and forex trading platform with web-plugin login providing live and demo trading access.
• Swissquote Client Portal Authenticated web dashboard where clients manage all securities, investments, and banking in one place.
• Swissquote Mobile App Mobile banking and trading application providing account tracking, market data, charts, news, analytics, and trade execution in a unified interface for retail customers.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability2 records

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• MetaTrader 4 & 5coreTechnology or IntegrationIntegration with MetaTrader 4 and MetaTrader 5 platforms, allowing customers to trade forex and CFDs using these popular third-party trading platforms alongside Swissquote's infrastructure and regulatory framework.
• CFXDcoreTechnology or IntegrationProprietary forex and CFD trading platform branded as CFXD, offering web plugin login and demo account capabilities. CFXD appears to be a white-label or co-branded trading solution.
• StabletonminorStrategic or Co-development PartnerPartnership to offer pre-IPO unicorn investment opportunities. Swissquote customers can access Stableton Morningstar PitchBook Unicorn 20 AMC to invest in 20 elite innovators such as OpenAI, Databricks, or Anthropic before they reach the public market.
• UEFAminorGTM or Marketing PartnerSponsorship partnership with UEFA, one of the major sports organizations globally, enhancing brand visibility and recognition.
• Genève ServetteminorGTM or Marketing PartnerSports sponsorship partnership with Genève Servette, a Swiss ice hockey team, providing local brand presence and community engagement.
• ZSC LionsminorGTM or Marketing PartnerSports sponsorship partnership with ZSC Lions, a prominent Swiss ice hockey team, enhancing local brand recognition and fan engagement.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• DEGIRO: European low-cost retail broker offering stocks, ETFs, derivatives, and bonds—directly comparable to Swissquote on European retail investor segment, low-fee value proposition, and multi-asset breadth.
• Interactive Brokers: Global multi-asset retail and institutional broker offering stocks, ETFs, forex, CFDs, and bonds across multiple platforms with competitive pricing—directly comparable to Swissquote's Trade pillar across product breadth and international reach.
• Robinhood: US-headquartered commission-free multi-asset retail platform for stocks, ETFs, options, and crypto—comparable to Swissquote on digital-first retail trader focus and zero-commission positioning, though US-centric and lighter on banking/forex.
• IG Group: Global retail FX/CFD and stockbroker with deep institutional roots—directly comparable to Swissquote's forex/CFD business (1.1 pip spreads) and multi-platform offering across IG's proprietary platform and MT4.
• Saxo Bank: Danish-headquartered multi-asset broker and bank offering trading, investing, and banking services across regulated entities worldwide—closely comparable to Swissquote on regulatory branding, multi-platform execution (SaxoTraderGO/Pro), and integrated wealth offerings.
• eToro: Multi-asset retail trading platform offering stocks, ETFs, crypto, forex, and CFDs with social trading features—comparable to Swissquote on retail trader focus and multi-asset coverage, though with different regulatory footprint and pricing model.
• OANDA: Global retail FX/CFD broker with proprietary trading platform and MT4 support—directly comparable to Swissquote's forex/CFD product, multi-platform distribution, and regulated multi-jurisdiction footprint.
• Trading 212: European-headquartered commission-free retail multi-asset platform offering stocks, ETFs, forex, and CFDs—comparable to Swissquote on retail European focus and zero-commission positioning, though lacking bank charter.

Broad incumbents

• UBS: Switzerland's largest bank offering wealth management, investment banking, and retail/online brokerage—broadly comparable to Swissquote as a Swiss banking competitor, but with vastly larger scale, full banking license, and institutional focus.
• Revolut: Global neobank offering multi-currency accounts, debit cards, crypto trading, and stock trading—broadly comparable to Swissquote on the Bank pillar (multi-currency, free accounts, debit cards) but with a wider consumer remittance and lifestyle positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Swissquote
• YouTubeyoutube.com/@swissquoteenglish
• Facebookfacebook.com/Swissquote.en
• LinkedInlinkedin.com/company/migbank
• Instagraminstagram.com/swissquote_official
• TikToktiktok.com/@swissquote_official
• Pinterestpin.it/2azkoK8e8

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MIG BANK