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No Regulation
Score
1.15 /10
Danger
SwissCoinCo
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index4.24
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-12-24
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| SwissCoinCoReview Summary | |
| Founded | 2023-10-20 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | Forex/Commodities/Stocks/Cryptocurrencies/Indices |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0 pips |
| Trading Platform | SwissCoinCo (Web) |
| Min Deposit | $250 |
| Customer Support | Phone: +44 2038687828 |
| Email: support@swisscoinco.com | |
SwissCoinCo Information
SwissCoinCo is a broker. Over 500 instruments with a maximum leverage of 1:500 include forex, commodities, stocks, cryptocurrencies, and indices. The broker also provides demo accounts and various real accounts. The minimum spread is from 0 pips and the minimum deposit is $250. SwissCoinCo is still risky due to its unregulated status and inconsistent account information. The account information on the trader's official website is inconsistent, and traders should be on high alert.
Pros and Cons
| Pros | Cons |
| Various tradable instruments | Unregulated |
| Demo account available | MT4/MT5 unavailable |
| Spread as low as 0 pips | No 24/7 customer support |
| Leverage up to 1:500 | Account information inconsistent |
Is SwissCoinCo Legit?
SwissCoinCo is not regulated, making it less safe than regulated brokers.
What Can I Trade on SwissCoinCo?
SwissCoinCo offers a wide range of market instruments, including forex, commodities, stocks, cryptocurrencies, and indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Indice | ✔ |
| Precious Metals | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
SwissCoinCo provides 4 account types with bonuses up to 100%: standard, silver, gold, and VIP. Traders who want low leverage can choose a standard account, while those who want low spread can open a VIP account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.
| Account Type | Standard | Silver | Gold | VIP |
| Demo account | ✔ | ✔ | ✔ | ✔ |
| Max leverage | Up to 1:200 | Up to 1:300 | Up to 1:400 | Up to 1:500 |
| Min spread | From 1.5 pips | From 1.5 pips | From 0.8 pips | From 0 pips |
| Bonus | Up to 30% | Up to 50% | Up to 70% | Up to 100% |
SwissCoinCo also shows five additional account types: standard, advances, platinum, expert, and VIP. The account information is messy and seems unreliable.
| Account Type | Standard | Advances | Platinum | Expert | VIP |
| Pricing | 10000€ | 25000€ | 100000€ | 250000€ | 500000€ |
| Leverage | Up to 1:20 | Up to 1:40 | Up to 1:100 | Up to 1:200 | Up to 1:400 |
| Spreads | Varies from asset to another | Varies from asset to another | Varies from asset to another | Varies from asset to another | Varies from asset to another |
| Swap Reduction | 10% | 20% | 30% | 40% | 50% |
| Stop Out Level | 10% | 8% | 6% | 4% | 2% |
| Divides per Month | ❌ | 1000€ | 3000€ | 7500€ | 15000€ |
SwissCoinCo Fees
The spread is from 0 pips. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
Trading Platform
SwissCoinCo provides a proprietytrading platform available on the web to trade, instead of the authoritative MT4/MT5 with mature analysis tools and EA intelligent systems.
| Trading Platform | Supported | Available Devices |
| SwissCoinCo | ✔ | Web |
Deposit and Withdrawal
The minimum deposit is $250. SwissCoinCo accepts Visa, Bitcoin, Mastercard, and Wire Transfer for deposit and withdrawal. The withdrawal requests are processed within a few days.
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