Score

1.46 /10
Danger

SwissTrade

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 3

Exposure

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Website

Score

Regulatory Index0.00

Business Index6.60

Risk Management Index0.00

Software Index4.00

License Index0.00

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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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Broker Information

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Company Name

SwissTrade

Company Abbreviation

SwissTrade

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
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SwissTrade · Company summary
SwissTradeReview Summary
Founded1996
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsForex, Commodities, Indices, Stocks, Crypto currencies
Demo Account
LeverageUp to 1:500
SpreadFrom 0.0 pips
Trading PlatformMetaTrader 4 platform, MetaTrader 5 mobile platform
Min DepositNot mentioned
Customer SupportPhone: +44 74888 72386
Email:support@swisstrade.pro
24/5 Online Chat: Yes
Physical Address: London, UK

SwissTrade Information

SwissTrade operates as an unregulated broker in the United Kingdom.It provides over 70 types of trading assets. SwissTrade offers a significant benefit with its impressive leverage of up to 1:500.

SwissTrade Information

Pros and Cons

ProsCons
Leverage up to 1:500Unregulated broker
Spreads from 0.0 pipsHigh minimum deposit of $5,000
24/7 crypto currencies trading

Is SwissTrade Legit?

SwissTrade is unregulated and with high potential risk now.

Is SwissTrade Legit?

What Can I Trade on SwissTrade?

SwissTrade lets users trade over 70 different currency pairs, as well as a number of commodities, indices, stocks, and cryptocurrencies.

Tradable InstrumentsSupported
Forex
Commodities
Indices
Stocks
Cryptocurrencies
Bonds
ETFs
What Can I Trade on SwissTrade?

Account Types

SwissTrade offers four types of accounts:

Just Starting: Standard, Silver, Gold

Next Level: VIP.

Demo account is also available.

Account NameMin. SpreadMax LeverageCommissionSuitable for
StandardFrom 1.5 pipsUp to 1:200$0Beginners
SilverFrom 1.5 pipsUp to 1:300$0Intermediate traders
GoldFrom 0.8 pipsUp to 1:400Not specifiedAdvanced traders
VIPFrom 0.0 pipsUp to 1:500Not specifiedProfessional and high-net-worth traders
Account Types
Account Types

SwissTrade Fees

SwissTrade has low spreads starting from 0.0 pip to 1.5 pips and fees that are in line with industry standards. The broker lets users use high leverage of up to 1:500, based on the account users choose.

SwissTrade Fees
SwissTrade Fees

Trading Platform

SwissTrade provides MetaTrader 4 Margin platform as WebTrader.

Trading PlatformSupportedAvailable DevicesSuitable for
MT4 Margin WebTraderaDesktopNew traders and those seeking simplicity
Trading Platform

Deposit and Withdrawal

SwissTrade asks for a $5,000 minimum deposit for standard account.It hasn't mentioned the deposit and withdrawal methods.

Account TypeMinimum DepositDeposit and Withdrawal Way
Standard$5,000Not mentioned
Silver$25,000Not mentioned
Gold$100,000Not mentioned
VIPInvitation onlyNot mentioned

User Reviews

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User comment

4

Comments

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Aho He
more than one year
I regret choosing Swisstrade Finance as my broker. While their trading services may be convenient, the lack of specific oversight and the fact that they have exceeded regulated business scope are alarming. The regulatory issues, particularly the unauthorized status identified by the NFA, raise significant doubts about the safety of my funds.
I regret choosing Swisstrade Finance as my broker. While their trading services may be convenient, the lack of specific oversight and the fact that they have exceeded regulated business scope are alarming. The regulatory issues, particularly the unauthorized status identified by the NFA, raise significant doubts about the safety of my funds.
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2023-12-08 10:17
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Lisa46991
more than one year
I've found Swisstrade to be a reliable partner in my trading journey. The convenience of their user-friendly platform, coupled with mobile and real-time trading features, has made executing trades easy and efficient. The forex education courses and valuable resources provided have been beneficial for enhancing my trading knowledge. I also appreciate the experienced management team, which adds credibility to the company. The financial security measures, such as separate custody arrangements for customer funds, give me confidence that my investments are well-protected. Swisstrade has been a trustworthy choice for me.
I've found Swisstrade to be a reliable partner in my trading journey. The convenience of their user-friendly platform, coupled with mobile and real-time trading features, has made executing trades easy and efficient. The forex education courses and valuable resources provided have been beneficial for enhancing my trading knowledge. I also appreciate the experienced management team, which adds credibility to the company. The financial security measures, such as separate custody arrangements for customer funds, give me confidence that my investments are well-protected. Swisstrade has been a trustworthy choice for me.
Translate to English
2023-12-07 19:03
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