Archives: Brokers

Is  Swiss Capital Scam or Legit Broker?

No, Swiss Capital is not a safe broker to trade with. Swiss Capital does not hold any license, which is one of the greatest drawbacks of any financial investment firm. Generally, all offshore and unregulated brokers are not reliable and might turn out to be scams.

• To avoid unpleasant surprises and loss of funds, the best decision is to choose a reliable broker with years of experience and favorable offerings.

What is Swiss Capital?

Swiss Capital positions itself as a best-in-class Integrated Service Provider (ISP) in financial trading ranging from Research and Advisory, Risk Assessment to Closing of all types and levels of trade deals. Swiss Capital provides an extensive range of CFDs, encompassing numerous commodities, precious metals, indices, stocks, and major cryptocurrencies such as Bitcoin, Litecoin, Dash, Ripple, and Ethereum, in addition to forex.

• However, the reliability score of the broker is very low and is due to several important factors.
• The greatest red flag about the broker is the lack of any license. On its website, Swiss Capital does not provide any information about the regulations, which means that it does not hold any license. Usually, brokers with top-tier licenses put the information on their website, as it is one of the most crucial points that ensure trust and reliability.
• Besides, Swiss Capital has accumulated a great number of negative reviews from its previous clients. One of the major complaints about the broker is the problems occurring during the withdrawal process. Also, traders point out that the broker always reaches out to them, trying to convince them to make investments. Generally, this is a practice common for fake brokers. 

Overall Swiss Capital Ranking

Based on our findings of Swiss Capital security and regulations issues, we do not rank positively Swiss Capital, based on our Expert Opinion with over 10 Years of experience in Forex Trading due to its lack of regulation and many negative reviews from traders.  

• Swiss Capital Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

Swiss Capital Alternative Brokers

Considering our revelations about Swiss Capital reliability and safety issues, here are much better Alternatives to Swiss Capital with tight regulations and favorable conditions. We select Good Brokers and reliable options for your comparison below:   

• FXTM – Good for Beginners and Good Fees
• Dukascopy – Excellent for Shares, Futures Trading
• AvaTrade – Good Instrument and CopyTrading

Trading Platforms

Swiss Capital enables its clients to conduct their trades on MT4 IOS and Android platforms. By utilizing technical indicators and advanced charting tools, the MetaTrader 4 app for iOS and Android allows traders to efficiently manage their accounts and elevate their trading experience.

• MT4 platform offers more than 30 customizable market analysis tools to enhance the trading experience. 

Deposit & Withdrawal

With Swiss Capital clients deposit or withdraw via the standard Visa and MasterCard, as well as bank wire.  E-wallets such as Skrill are not supported by the broker.

• There is a monthly inactivity fee, which is 10% of the available cash on the trading account.
• There is not much information about the broker's withdrawal process, however, based on the traders' reviews, the withdrawal process is one of the drawbacks of the broker. 

Swiss Capital Review Conclusion

We do not recommend signing with Swiss Capital. Although the broker might have favorable offerings, it does not hold a license from any top-tier regulatory body. It is a well-known fact that the safety of funds is the most important part of Forex trading. Tight regulations and strict rules ensure safety, enabling traders to be secure and engage in profitable trading. 

To ensure maximum security, it is highly recommended that traders opt for brokers with licenses from reputable regulatory bodies such as the UK's FCA or Australian ASIC, and register with well-established brokers such as FXTM, Interactive Brokers, and FP Markets.

• Overall ranking and experience for Swiss Capital is Negative

Is COIN-ROYAL Scam or Legit Broker?

No, COIN-ROYAL is not a safe broker. The broker is registered in an offshore zone - Saint Vincent and the Grenadines under registration number 26181 BC 2021. However, it is well-known that offshore brokers are unreliable, and signing in with them might put traders’ investments at risk.

• Brokers registered in SVG FSA are not trustworthy. This is due to the fact that the regulatory body does not set many requirements and guidelines. Besides, the set-up cost is very low, enabling any financial company to register and obtain a license.

What is COIN-ROYAL?

Based on the website, COIN-ROYAL, established in 2021, is a trading platform that operates on the Bitcoin network, facilitating leveraged trading on multiple digital assets such as Ethereum, Litecoin, Ripple, and Bitcoin itself. The broker is currently accepting clients from more than 150 countries.

COIN-ROYAL's website states that it is regulated by SVGFSA, with registration number 26181 BC 2021. In addition, the broker has shared their registered address (First Floor First St. Vincent Bank Ltd. Building, James Street, Kingstown, Saint Vincent, and the Grenadines). Read why it is not advisable to choose a broker with an SVG FSA license. 

• In fact, Saint Vincent and the Grenadines is a popular destination for spam brokers. The jurisdiction does not mandate the company to establish an office within SVG, has a low initial capital requirement, and does not enforce strict establishment regulations. Thus, it is crucial to keep in mind that brokers registered with SVGFSA should be avoided for several legitimate reasons, the most important of which is the safety of funds.
• The other reason that should stop traders from signing in with the broker are numerous negative reviews from clients. Most often traders state that at first, the broker seems very attractive with favorable offerings and environment, however, later on, it becomes pushy, trying to make the clients invest more and more. And when it comes time to withdrawals the clients always face complications. Read real reviews and inquiries about COin-Royal from clients here.
• We strongly advise traders and investors to only consider brokers that are well-regulated and licensed by top-tier authorities, including CySEC, FCA, ASIC, and other trusted regulatory bodies. This approach will help traders avoid any fraudulent investment schemes and prevent unpleasant surprises. 

Overall COIN-ROYAL Ranking

Based on our findings in regard to COIN-ROYAL security and regulations issues, we do not rank positively COIN-ROYAL, based on our Expert Opinion with over 10 Years of experience in Forex Trading due to its lack of regulation and many negative reviews from traders.  

• COIN-ROYAL Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

COIN-ROYAL Alternative Brokers

Taking into consideration our revelations of COIN-ROYAL reliability and safety issues, here are much better Alternatives to COIN-ROYAL with tight regulations and favorable conditions. We select Good Brokers and reliable options for your comparison below:   

• XM – Wide Range of Trading Opportunities
• Pepperstone – Low Spreads and Competitive Trading Conditions
• FXTM – Good for Beginners and Good Fees

Account types

COIN-ROYAL five accounts (COIN-ROYAL Standard, COIN-ROYAL Plus, COIN-ROYAL Gold, COIN-ROYAL Expert, and COIN-ROYAL Platinum) require different initial deposits and offer different amounts of leverage. For the Standard account, the Minimum deposit is $ 250. For the Royal Plus account the minimum deposit starts from $5,000, for Royal Gold $25,000, and for COIN-ROYAL Expert it is $100,00. The highest available leverage for more sophisticated accounts can be up to 1: 600.

Deposit & Withdrawal

We found that to be able to get any information about the deposit and withdrawal processes of COIN-ROYAL you should be a registered client and Broker does not show how withdrawals or deposits are performed in it open space, which is quite suspicious.

• Basides, based on our research, it is very difficult to withdraw your investments or profits. Most often, the broker delays the withdrawal process for months. The trickiest part is that after six months clients are not able to get chargeback anymore. This is one of the most common strategies of scam brokers that leads to the loss of the client’s funds.  

COIN-ROYAL Review Conclusion

Our advice to traders is to avoid offshore and unregulated brokers. However, it is worth noting that not all offshore brokers are fraudulent. Nonetheless, the safety of funds is of utmost importance in Forex trading, and therefore, we recommend seeking out well-regulated and trustworthy brokers.

Our investigation revealed that COIN-ROYAL, along with many other offshore brokers, provides enticing offerings that may attract traders. Nonetheless, for added security, it is advisable to opt for brokers that have licenses from the UK’s FCA or Australian ASIC and register with reputable brokers such as AvaTrade, Interactive Brokers, and HFM.

• Overall ranking and experience for COIN-ROYAL is Negative

Is Alpha Trading Hub Scam or Legit Broker?

No, it is not safe to trade with Alpha Trading Hub. The broker does not hold a serious license from a world-known financial authority. Instead, it is authorized by the MWALI INTERNATIONAL SERVICES AUTHORITY with license number T2023165 registered in P.B. 1257 Bonovo Road, Fomboni, Comoros, KM.

• It is a well-known fact, that unregulated or offshore brokers are unreliable for investments. Often, such brokers turn out to be financial spam. To ensure the safety of your funds, traders should only choose regulated brokers with FCA, CySEC, or ASIC licenses.

What is Alpha Trading Hub?

On its website Alpha Trading Hub states to be a leading global online trading provider, offering trading in Forex and CFDs, indices, precious metals, energies, and cryptocurrencies. The broker was founded back in 2015. Although it boasts about its regulated nature, we were able to reveal some interesting facts, that prove otherwise.

• According to the website, Alpha Trading Hub is located on the 2nd Floor Beaumont House, 1b Lambton Road, London, England, SW20 0LW. However, all the brokers in England should be regulated by the local financial authority – FCA. Yet, this is not the case with Alpha Trading Hub, as it is authorized by the MWALI INTERNATIONAL SERVICES AUTHORITY (license number T2023165).
• Also, Alpha Trading Hub mentions that it does not accept clients from the USA, Canada, Japan, Australia, Cuba, Afghanistan, Malaysia, North Korea, South Sudan, Thailand, and other restricted countries.
• It goes without saying that unregulated or offshore brokers are not reliable for investments. Based on our research and experience, offshore and unregulated brokers are short-lived. They operate for several years, gather clients, and then disappear with the funds accumulated.
• Although not all offshore brokers are scams, avoiding them and choosing trustworthy brokers with tight regulations and compensation schemes is still wiser.

Overall Alpha Trading Hub Ranking

During our research we were able to reveal safety and regulations issues regarding Alpha Trading Hub, thus we do not rank positively Alpha Trading Hub, based on our Expert Opinion with over 10 Years of experience in Forex Trading due to its lack of regulation and many negative reviews from traders.  

• Alpha Trading Hub Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

Alpha Trading Hub Alternative Brokers

Taking into account our findings of Alpha Trading Hub reliability and safety issues, here are much better Alternatives to Alpha Trading Hub with tight regulations and favorable conditions. We select Good Brokers and reliable options for your comparison below:   

• FP Markets – Powerful trading technology and ECN environment
• InteractiveBrokers – Good for Trading Real Stocks
• XM – Wide Range of Trading Opportunities

Account Types

Alpha Trading Hub offers its clients three main account options: Standard, VIP 1, and VIP 2. With Standard accounts the minimum deposit is $500. For VIP 2 account type the initial deposit is $5,000,  and $20,000 for VIP 2. The available leverage for all the account types is up to 1:500. Spreads for Standard accounts are on the higher side - Floating spreads from 1.4 pips. For VIP 1 and VIP 2, spreads are lower than the market average starting from 0.1 pips. 

• Alpha Trading Hub also offers Demo accounts that are especially good for beginner traders. 

Deposits and Withdrawals

Alpha Trading Hub offers various funding methods to choose from: bank wire, credit card, wire, CRYPTO, etc.

• Some of the funding methods may incur additional charges.  Alpha Trading Hub does not cover any exchange rates charged if traders are depositing in a currency that is different from that of their bank funds.
• The broker accepts the following Currencies: USD, EUR, GBP, THB, IDR, and VND.
• As to withdrawals, traders simply need to log in to the client office, select the trading account and enter their desired amount of withdrawal. If the nominated bank is in a different currency than the trader's trading account, the Bank converts the amount.
• However, there are many negative reviews from traders, especially regarding the withdrawal process. Many traders state that the company simply denies withdrawals.  

Alpha Trading Hub Review Conclusion

We found that Alpha Trading Hub is not a reliable broker. The broker is located in England, yet it is not regulated by the local regulatory body. Although Alpha Trading Hub positions itself as a good broker with attractive and favorable offerings, it is not reliable in regard to its regulations and safety. Most often, unregulated or offshore brokers are spam. We strongly recommend choosing brokers with UK’s FCA or Australian ASIC and signing in with reliable brokers such as Tickmill, FP Markets, and HFM.

• Overall ranking and experience for Alpha Trading Hub is Negative