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Swiss24 -

Score

1.46 /10
Danger

Swiss24

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://swiss24.io/home

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Score

Regulatory Index0.00

Business Index6.62

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

open now

Broker Information

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Company Name

Axis Solutions LTD

Company Abbreviation

Swiss24

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Swiss24 · Company summary

Note: Swiss24's official website https://swiss24.io/ is currently inaccessible normally.

Swiss24Review Summary
Founded2020
Registered Country/RegionUK
RegulationNo regulation
Market InstrumentsForex, Commodities, Indices, CFDs, Shares, Cryptocurrencies
Demo Account/
LeverageUp to 1: 500
Spread/
Trading PlatformWeb-based
Min Deposit500 EUR
Customer SupportTel: +44 74 3521 5611 (English); +44 20 4501 0097 (Italian)
Email: support@swiss24.io
Address: 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica

Swiss24 was registered in 2020 in the UK, offering trading in Forex, Commodities, Indices, CFDs, Shares, and Cryptocurrencies. It uses its own web-based trading platform, and the maximum leverage is 1:500, which is relativley high. Moreover, it is not regulated, and the risks cannot be ignored.

Pros and Cons

Pros Cons
Various trading productsInaccessible website
Lack of regulation
Not supported by MT4 or MT5
High minimum deposit

Is Swiss24 Legit?

No, Swiss24 is not regulated by financial regulatory authorities in the UK. What's more, the Financial Conduct Authority (FCA) issued a warning notice, which says that Swiss24 is a clone firm of Swiss Investment Corporation Limited, and the latter is a regulated company.

FCA warning
FCA warning

What Can I Trade on Swiss24?

Swiss24 provides a variety of products, such as forex, commodities, indices, CFDs, shares, and cryptocurrencies.

Tradable Instruments Supported
Forex✔
CFDs✔
Commodities✔
Indices✔
Shares✔
Cryptos✔
Bonds❌
Options❌
ETFs❌

Leverage

The leverage can be up to 1:500, which is relatively high. Careful considerations are recommended, because the potential risks are likely to be high when the leverage is high.

Trading Platform

Swiss24 uses its own web-based trading platform, and it does not support MT4 or MT5.

Trading PlatformSupported Available Devices Suitable for
Web Trader✔Web/
MT4❌/Beginners
MT5❌/Experienced traders

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syc
more than one year
Closed my account I had £550 in it and they are holding onto my funds corrupt AVOID SCAMMERS! They told me I was self-excluded yet they still hold onto my funds surely it would mean you give me back what I had in my account instead of stealing it you thieves.
Closed my account I had £550 in it and they are holding onto my funds corrupt AVOID SCAMMERS! They told me I was self-excluded yet they still hold onto my funds surely it would mean you give me back what I had in my account instead of stealing it you thieves.
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2023-03-08 10:44
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