Score

1.40 /10
Danger

Swissquote Bank

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Expose

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.13

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

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Swissquote Bank · Company summary

Note: Swissquote Bank's official website:http://www.fintechswiss.com/ is currently inaccessible normally.

Swissquote Bank Information

Swissquote Bank was established in 2000 and was previously regulated by the Swiss Financial Market Supervisory Authority (FINMA). It is now an unregulated financial institution registered with Namebay SAM. However, its business practices are considered questionable.

Swissquote Bank Information
Swissquote Bank Information

Is Swissquote Bank Legit?

Swissquote Bank lacks valid regulatory information, leading to significant risks such as low transparency, insufficient security, and lack of customer protection. Investors should proceed with caution.

Is Swissquote Bank Legit?

Downsides of Swissquote Bank

  • Unavailable Website

The official website link for Swissquote Bank is currently inaccessible, which affects its reliability and accessibility.

  • Lack of Transparency

There is a notable lack of information about Swissquote Bank available online. This lack of transparency is unlike other brokers, making it difficult for investors to make informed decisions.

  • Regulatory Concerns

Swissquote Bank operates without regulation, leading to significant risks.

  • Withdrawal Difficulty

According to a report on WikiFX, a user encountered significant difficulties with fund withdrawals. Despite the week-long duration of the pending request, the issue remained unresolved.

  • Steep Learning Curve for Beginners

According to a report on WikiFX, a user said that Swissquote Bank provides valuable trading tools and insights, but it is a big challenge for beginners.

Negative Swissquote Bank Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

Negative Swissquote Bank Reviews on WikiFX

As of now, there was only one piece of Swissquote Bank exposure in total.

Exposure. Cannot withdraw

ClassificationUser Experience
DateJanuary 2, 2024
Post CountryMalaysia

The user said that the platform is challenging for beginners. You may visit: https://www.wikifx.com/en/comments/detail/Co202401012481447424.html

Conclusion

Trading with Swissquote Bank is unsafe due to its unregulated status and lack of transparency. It is recommended to choose a regulated broker with transparent operations to ensure your investments are secure and comply with legal standards. When selecting a trading platform, prioritize those overseen by recognized regulatory authorities to enhance safety and peace of mind.

User Reviews

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User comment

3

Comments

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Phenix Susu
more than one year
Swissquote Bank has some handy tools for traders, and they really try to help you understand the basics of online trading. They provide insights and strategies, which is cool. But, gotta be honest, it's not the easiest platform for newbies. It's a bit overwhelming, and you might need some time to get the hang of it. The education is there, but if you're just starting, be ready for a learning curve. Overall, it's got its perks, but it's not the most user-friendly for beginners.
Swissquote Bank has some handy tools for traders, and they really try to help you understand the basics of online trading. They provide insights and strategies, which is cool. But, gotta be honest, it's not the easiest platform for newbies. It's a bit overwhelming, and you might need some time to get the hang of it. The education is there, but if you're just starting, be ready for a learning curve. Overall, it's got its perks, but it's not the most user-friendly for beginners.
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2024-01-01 22:59
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东方浩
more than one year
I easily made a deposit but am now unable to withdraw, this is so sad and unbelievable because I have put in a significant amount of cash. This is my story... I was involved in a trading fraud and I understood that it was a fraud too late. Don't give them your money. There are so many good companies out there.
I easily made a deposit but am now unable to withdraw, this is so sad and unbelievable because I have put in a significant amount of cash. This is my story... I was involved in a trading fraud and I understood that it was a fraud too late. Don't give them your money. There are so many good companies out there.
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2023-03-15 16:08
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