Score

1.47 /10
Danger

RAND SWISS

South Africa

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.72

Risk Management Index0.00

Software Index4.00

License Index0.00

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VPS Standard
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Warning: Low score, please stay away! 2
Previous Detection : 2025-02-03
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The South AfricaFSCA regulation (license number: 45837) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

RAND SWISS · Company summary
RAND SWISSReview Summary
Founded2014-05-21
Registered Country/RegionSouth Africa
RegulationSuspicious Clone
Services Securities Broking/Custody Solutions/Wealth & Advisory
Min DepositR25,000
Customer SupportEmail: info@randswiss.com
Phone:+27(11)781 4454
YouTube, Twitter, LinkedIn, WhatsApp

RAND SWISS Information

RAND SWISS is a South African based broker-dealer specializing in securities broking, custody solutions, and wealth and advisory.

Securities brokerage covers accounts, foreign exchange trading, and platform login content. Custody solutions include model portfolios such as the Global Equity Portfolio, South African Equity Portfolio, and Future Tech AI Portfolio, structured products like the Offshore Core Global Growth Report and the Worst Triple Index Auto-Subscription, and custody, including Citibank, Fidelity, and Swissquote Bank.

Wealth and Advisory encompasses investments such as offshore and local investments, pre-retirement and post-retirement planning, Tax-Free Savings Accounts (TFSA), tax wrapping, estate planning like wills, trusts, and fiduciary services, and risk and protection such as income protection - life insurance and business risk.

RAND SWISS Information

Is RAND SWISS Legit?

Financial Sector Conduct Authority(FSCA) regulates RAND SWISS with license number 45837 and License Type Retail Forex License. However, the 'Suspicious Clone' current status is not as safe as the regulated one.

Is RAND SWISS Legit?
Is RAND SWISS Legit?

Account Type

RAND SWISS offers both Private Brokerage and Active Trading accounts. The minimum deposit for an Active Trading account is R25,000. Clients can trade forex, commodities, indices, and local and offshore stock CFDs from one account. Long-term equity investors who wish to invest locally and overseas in local or foreign currencies can open a Private Brokerage account with a minimum deposit of R2 million.

Account Type Private BrokerageActive Trading
Minimum DepositR2 millionR25,000
ProductsLocal or Foreign CurrenciesForex/Commodities/Indices/Local and Offshore Stock CFDs

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FX1411334836
more than one year
I lost a significant amount of money with RAND SWISS, but I must admit that most of it was my fault. I was too inexperienced and naive when I started trading with them. The platform was user-friendly and the customer service was helpful, but I didn't take the time to learn and understand the market trends and the risks involved in trading.
I lost a significant amount of money with RAND SWISS, but I must admit that most of it was my fault. I was too inexperienced and naive when I started trading with them. The platform was user-friendly and the customer service was helpful, but I didn't take the time to learn and understand the market trends and the risks involved in trading.
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2023-03-20 18:04
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