Austria’s FMA has issued a warning against Swiss Investment Fx
The Austrian Financial Market Authority (FMA) warns the public against the activities of Swiss Investment Fx a company that offers investments without complying with Austrian financial legislation. According to the official statement, Swiss Investment Fx (Swiss Investment Corporation LTD.) is not entitled to carry out banking transactions in Austria that require a license.
The Austrian Financial Market Authority (FMA) is an independent, autonomous and integrated authority for the Austrian financial market. The Austrian FMA is responsible for: contributing to the stability of Austria as a financial market; reinforcing confidence in the ability of the Austrian financial market to function; protecting investors, creditors and consumers.
Swiss Investment Fx is a broker that offers trading on Crypto, Currencies, Commodities and CFD’s assets. The company is owned and operated by Swiss Investment Corporation LTD., registered in the Marshall Islands, which means it is an offshore entity and there is a high risk for the customers of losing their investments when dealing with this firm.
The company doesn’t disclose any information about its regulation as well as the contact details. The website supports English, Italian, Spanish and German languages, which means the broker has been targeting residents of these countries. In addition, numerous negative reviews from the scammed clients only prove that Swiss Investment Fx cannot be trusted.
The first thing the potential investor should do when he is choosing a trading company is to determine if it is a legitimate broker or a scam broker. It is very easy to do. You just need to check if the broker is licensed by CySec in Cyprus, or it is under the regulation of the MIFId in the European Union (EU), or it is registered with the UK’s FCA or Australian ASIC. You can read our full review on this broker here.