R

Swissquote Launches New Banking App - Swissquote Broker News



May 18, 2021  
Partnered with PostFintech, Swissquotes has launched the innovative digital banking app "Yuh" to the public on 11 May 2021.

In collaboration with PostFinance, the Swiss trading platform Swissquote announced the launch of a new digital banking application, "Yuh". Both companies plan to adopt a new approach to mobile banking, as PostFinance and Swissquote just introduced the Yuh app to the public on May 11, 2021. Swissquote adds that the newest feature in the Yuh app is not available in other banking apps in Switzerland.

Yuh App to Simplify Digital Banking

PostFinance and Swissquote have a sizable presence in the Swiss financial services industry, so this application will be a breakthrough in Switzerland. In response to this release, Markus Schwab, CEO of Yuh, added that the app will offer clients a trusted smartphone application that gives them the freedom to manage finances according to their wishes.

The two companies plan to simplify the complexities of managing finances for customers through this banking application. Yuh combines Swissquote and PostFinance's high-profile online banking technology, experience, and strong retail banking position.

Marc Burki, CEO of Swissquote, also welcomed this partnership with joy, as PostFinance able to supports Swissquote in terms of development and has many years of experience in Swiss retail banking.

The company mentioned that the background for Yuh's creation was driven by customers who were increasingly looking for smart digital solutions for their finances.



2.09/5

Established : 1996
Location :
Regulation :
Min Deposit : $1000
Leverage : 1:100

Jadih Ruth

Sep 7 2020

Live chat support - terrible. The guy there doesn't know much, plus their policy on not helping people over the chat is also terrible. They can't help you with almost anything over the chat. Typical response you get is- send email to support@swissquote.ch and they will be able to help you. Even when you are asking about very basic stuff, like informations about their products. And when you send email, you will wait 3-4 days for response.

Basalamah

Sep 6 2020

They (or their payment vendors) charge high fees, like 2% just for deposit. Only free option is bank wire transfer. You also pay for withdrawals $20 for each withdrawal. So you lost money (and time) with this broker before you even made your first trade. Spreads - Terrible. Double the standard spreads of other popular brokers on all instruments at all times.

Michael

Sep 5 2020

Stay away from this low quality market maker. Account opening - pain in the ass. Too complicated and long process. First you have to either speak with them on cam chat, or send them your documents by mail. Then pain in the ass starts by trying to actually log in to your account. Their chat shuts down when you swith pages on their website, so the support cannot navigate you throughout this process. I spent 1 hour on the phone...

Charles Martel

Sep 4 2020

When I tried to open an account, I had to do a video identification, which is fine, but at first it would not connect, then they were to busy. When I finally got connected, I was interacting with someone that spoke English like a 2 year old. After which I was email personal questions that I would never answer, I reply that I would not answer these ridiculous questions and that I was declining them.

Jack

Sep 3 2020

Before I had even finished opening my account I had a very rude phone call from a man trying to get me to finish opening my account or something. Was not feeling comfortable so tried to end the conversation instead was told if I could not deposit £1000 pounds right then I may aswell not open the account, or something along those lines his English wasn't great. Amazing the lack of good customer service.
Swissquote Comparison
Swissquote Octa
Rating
2.09/5
2.09/5
Established 1996 2011
Min Deposit $1000 $25
Max Leverage 1:100 1:500
Website Visit Visit