Swissinv24 Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-04-21 14:27

Abstract：Swissinv24 is owned by Swissinv24 Markets, which is an offshore company registered in the Marshall Islands. The Marshall Islands is notorious for its practically absent requirements and regulations. Swissinv24 is not subject to any regulation at this stage.

　　Note: Swissinv24's official website - https://swissinv24h.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Swissinv24 Review Summary
Founded	/
Registered Country/Region	Marshall Islands
Regulation	No regulation
Market Instruments	Forex currency pairs, gold, silver, CFDs, oil, gas, indices, and agricultural products
Demo Account	✅
Leverage	Up to 1:50
EUR/USD Spread	Floating around 1.8 pips
Trading Platform	MT4
Min Deposit	$500
Customer Support	Tel: +4162 674 67 27
	Email: support@swissinv24.com
	Company address:1113 Sofia City, Sofia District, Metropolitan Municipality, Izgrev Region, Izgrev R.A, BULGARIA
	Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MARSHALLS ISLAND, MH 96960

　　Swissinv24 is owned by Swissinv24 Markets, which is an offshore company registered in the Marshall Islands. The Marshall Islands is notorious for its practically absent requirements and regulations. Swissinv24 is not subject to any regulation at this stage.

Pros and Cons

Pros	Cons
Diverse tradable assets	Unavaialble website
Demo accounts	No regulation
Multiple account options to choose from	High minimum deposit
MT4 support
Multiple payment options

Is Swissinv24 Legit?

　　No, Swissinv24 is not regulated by any regulatory institutions. From the FCA, we learn that Swissinv24 copies the details of another firm (clone of FCA authorised firm).

What Can I Trade on Swissinv24?

Tradable Instruments	Supported
Forex currency pairs	✔
Gold & silver	✔
CFDs	✔
Oil & gas	✔
Indices	✔
Agricultural products	✔
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

Account Type	Min Deposit
Mini	$500
Standard	$5,000
Gold	$10,000
Platinum	$15,000

Leverage

　　The maximum leverage offered by Swissinv24 is up to 1:50. Since leverage can amplify gains and losses, inexperienced traders are not advised to use high trading leverage in case of heavy fund losses.

Spread

　　The spreads for EUR/USD fluctuate between 1.8 pips and 1.9 pips when tested on Swissinv24 demo accounts.

　　When tested with the online trading platform, the EUR/USD spread is even higher, at 3 pips, which is far above the industry standard, so Swissinv24 is most likely a scam.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　Swissinv24 offers traders a wide range of convenient ways to deposit and withdraw funds, among which the main ones are VISA, MasterCard, Maestro, POLi, TrustPay, GiroPay, SporoPay, TickerSurf, eBay, etc.