Finding more details about this broker Swiss-Win.com? Is It a Scam Or Legit platform? You can carefully read Swiss-Win reviews to know about this forex broker whether to use or not.
This post promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
What is Swiss-Win?
Swiss-Win otherwise known as Swiss-Win.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients.
Additionally, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.
To begin with, Swiss-Win claims to be registered in the offshore jurisdiction of St. Vincent and the Grenadines (SVG).
But, Saint Vincent and the Grenadines SVG is an offshore zone with no broker regulations in place. As soon as you open the website of the local Financial Services Authority you see a warning that the institution does not license forex and other types of brokers and does not supervise the activities of International Business Companies engaged in such activities.
Not all brokers registered in St. Vincent and the Grenadines are scammers, some of them are offshore branches of reliable international companies. This is not the case with Swiss-Win, however, they are just a shady unregulated entity.
Obviously, Swiss-Win brokerage has drawn the attention of a renowned financial regulator — Financial Services and Markets Authority (FSMA) in Belgium has warned against this entity and its financial service.
It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Swiss-Win Minimum Deposit
Swiss-Win offers variety of trading account for clients like Basic, silver, Gold, Platinum, Diamond and Millionaire Club. Here, the broker specifies its minimum deposit $500 based on the account type.
In contrast, licensed FX brokers clearly spell out their regulations and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
Swiss-Win Payment Methods
Swiss-Win accepts payment via Credit/Debit cards and Wire transfers.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Swiss-Win offers access to a fairly basic web-based trading platform. The broker’s web trader comes with some basic tools and custom indicators but nothing more advanced.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Another important area, Swiss-Win withdrawals are reportedly processed within 24 hours and are free of charge.
Swiss-Win Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that Swiss-Win.com is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Swiss-Win appears like a trustworthy trading broker, however, you should not take the words they say and the attractive website layout. By all appearances, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
Please share with us your experience in the comment section below. Thank you!