Swiss24 Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-27 11:35

Abstract：Swiss24 was registered in 2020 in the UK, offering trading in Forex, Commodities, Indices, CFDs, Shares, and Cryptocurrencies. It uses its own web-based trading platform, and the maximum leverage is 1:500, which is relativley high. Moreover, it is not regulated, and the risks cannot be ignored.

　　Note: Swiss24's official website https://swiss24.io/ is currently inaccessible normally.

Swiss24Review Summary
Founded	2020
Registered Country/Region	UK
Regulation	No regulation
Market Instruments	Forex, Commodities, Indices, CFDs, Shares, Cryptocurrencies
Demo Account	/
Leverage	Up to 1: 500
Spread	/
Trading Platform	Web-based
Min Deposit	500 EUR
Customer Support	Tel: +44 74 3521 5611 (English); +44 20 4501 0097 (Italian)
	Email: support@swiss24.io
	Address: 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica

　　Swiss24 was registered in 2020 in the UK, offering trading in Forex, Commodities, Indices, CFDs, Shares, and Cryptocurrencies. It uses its own web-based trading platform, and the maximum leverage is 1:500, which is relativley high. Moreover, it is not regulated, and the risks cannot be ignored.

Pros and Cons

Pros	Cons
Various trading products	Inaccessible website
	Lack of regulation
	Not supported by MT4 or MT5
	High minimum deposit

Is Swiss24 Legit?

　　No, Swiss24 is not regulated by financial regulatory authorities in the UK. What's more, the Financial Conduct Authority (FCA) issued a warning notice, which says that Swiss24 is a clone firm of Swiss Investment Corporation Limited, and the latter is a regulated company.

What Can I Trade on Swiss24?

　　Swiss24 provides a variety of products, such as forex, commodities, indices, CFDs, shares, and cryptocurrencies.

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Commodities	✔
Indices	✔
Shares	✔
Cryptos	✔
Bonds	❌
Options	❌
ETFs	❌

Leverage

　　The leverage can be up to 1:500, which is relatively high. Careful considerations are recommended, because the potential risks are likely to be high when the leverage is high.