Swiss4Trade Review: Signs That Swiss4Trade.Com Is a Fraud
Swiss4Trade has built a website solely to manipulate users while posing as a trusted broker. The whole time we looked at the front page of the website, it seemed that Swiss4Trade was a desirable brokerage house.
But when we decided to look for regulations, legal documentation, and conditions for depositing and withdrawing funds, we didn’t come across anything.
This is a big red flag. We immediately focused on combing the site and encountered more and more contradictions. Swiss4Trade claims to be regulated, but there is no indication anywhere that this is true.
This means that this shady brokerage is an investment scam. If you want to know the details, read our Swiss4Trade review to the end.
Nevertheless, you should avoid dealing with shady brokers like Martyn Services Limited, Fx-Global StockTrade, and FxyTrade.
License and Safety of Funds at Swiss4Trade
Swiss4Trade claims to be a regulated broker. That’s all the information we found on the website. The owner company is listed as Swiss Watch Trader Limited, but we are missing information such as: where it is based, and which regulatory body issues the license.
The scam company obviously expects its users to simply trust it, which is crazy. The only information available is an email and phone number. The website turns out to be completely anonymous.
That is why we do not recommend you to invest with this financial swindler, because you will not know where your money is going and who is behind the shady business. You won’t even have a regulatory body to turn to, because Swiss4Trade is not a regulated broker.
Swiss4Trade Trade Trading Platform
Swiss4Trade offers a trading platform that is very similar to MetaTrader4. But this broker’s platform has fewer features than the MT4. Therefore, the quality of trading on this platform cannot compete with world-class platforms offered by many regulated brokerages..
The trading platform offered by Swiss4Trade does not even have the capacity to load full charts of some currency pairs. This means that there is simply no room for earning with this broker. It is a platform based on another website iot23412.com.
What Trading Instrument is Available at Swiss4Trade?
The company doesn’t experiment too much when it comes to trading instruments offered. In fact, they just downright list everything that they could think of. Trading instruments are as follows:
- Precious metals
Though this looks like a rather wide offer, it is worth nothing when we consider that it is made by unscrupulous swindlers who are obviously a bunch of liars and manipulators.
Swiss4Trade Deposit and Withdrawal
In the FAQ on the website, Swiss4Trade provides some of the details for depositing and withdrawing money. They say that they offer several payment options, including credit cards, bank transfers, and electronic payment methods.
If you made the payment via a VISA or Mastercard card, you can get your money back, as these methods allow cancellation of the payment up to 540 days from the moment of depositing. Swiss4Trade says that payouts must be made through the same account from which the funds were deposited.
The broker also says there are additional fees and restrictions. when alternative payment methods are used. And in addition to all the above, the user will be asked to submit additional documents and information which can be very risky.
How Does This Scam Operate?
Swiss4Trade carries out its fraud in several steps. The first of these steps is false representation through their website. Unfortunately, that’s all you’ll be offered, and the only time the company will bother with clients is when the client needs to make a deposit.
After the deposit has been made, the broker will prevent the withdrawal request by all means. Then Swiss4Trade will introduce the aforementioned fees and restrictions.
We talk a lot about the fact that there is no point in investing in a fraudulent broker, but there is also a risk for your personal data because these fraudsters can misuse it.
The Best Foreign Exchange Brokers
Since there are more and more scam brokers on the Internet, it can be very time-consuming to check the registries of regulatory bodies, platforms, and business conditions under which the broker actually operates.
That is why we have prepared for you the best-rated brokers that are regulated. See the table below the text. We have singled out for you also brokers that enable micro accounts where the minimum deposit is only 5 dollars.
|FXTM Broker||Cyprus, UK, Mauritius||4.5||$10||Forextime.Com|
|OctaFX Broker||Cyprus, SVG||4.4||$100||OctaFX.Com|
|FP Markets Broker||Australia, Cyprus||4.7||$100||FpMarkets.Com|
|XM Broker||Cyprus, Belize, Australia||4.7||$5||XM.Com|
|HFM HF Markets Broker||Cyprus, UK, South Africa, UAE, Kenya||4.3||$5||HFM.Com|
|FBS Broker||Cyprus, Belize, Marshall Islands||4.85||$100||FBS.Com|
This company is an ordinary scam broker that does not differ in any way from other scammers. Everything you can see on the website in reality turns out to be the opposite. Swiss4Trade is not regulated, does not have a functional trading platform, and has poor conditions with unpredictable outcomes.
We advise you to avoid this company as an investment option. It is always better to invest with verified brokers.
If you are ever contacted by a brokerage company with an incredible offer that is only there for you, chances are high that it will be a fraudulent broker like Swiss4Trade. Do not fall for it, and always check all available information, if it is missing, it is probably a scam.
FAQs About Swiss4Trade Broker
Is my Money Safe with Swiss4Trade?
Your money is in no way safe with this unscrupulous swindler.
Does Swiss4Trade Offer a Demo Account?
The company does offer its users a demo account.
How Secure Is Swiss4Trade?
Swiss4Trade is not a safe brokerage as we have explained in our review.