Swissquote Bank

Note: Swissquote Bank's official website:https://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.

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.

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.

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

Exposure. Cannot withdraw

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.