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Is Swiss Markets Scam or Legit Broker?

Swiss Markets is a 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. It is NOT SAFE to trade Swiss Markets.

• We actually never advise trading with an offshore broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no guarantee from the official entities that oversee the Forex industry. Thus the engagement in trading with such a company means the trader will believe only in the broker’s words, and of course, it is a high risk.
• Swiss Markets was also banned by Spain's CNMV as it is not authorized to provide investment services in Spain. It is always better and safer to trade withthe  reliable brokers licensed by Australia’s ASIC, Cyprus’ CySEC, or UK’s FCA. For example, the license from UK’s Financial Conduct Authority requires EUR 125,000 of capital for the STP license aside from clea nt deposits. Check the list of FCA-ra egulated brokers here.

What is Swiss Markets?

Swiss Markets is a Forex broker and the Brand name of Seychelles-based BDS LTD. There is one more offshore company behind Swiss markets - BDS Markets.

• Both Seychelles and Mauritius are very popular among Forex brokers for their lax regulation requirements.
• For example, The key requirements for the Seychelles license are: domestic company in Seychelles with share capital of USD 50,000 and an operational office in Seychelles. The advantages of this license are speed and low cost.

We wouldn't recommend dealing with offshore regulated brokers, especially when they are banned by regulators in other countries.

Money Withdrawal

All the payment transactions are managed by BDS Markets a Mauritius-registered company and licensed by the Financial Services Commission in Mauritius.

Swiss Markets Review Conclusion

We strongly advise opening a trading account only with brokers that are regulated by respected world authorities comply with the required set of rules and have a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BlackBull Markets and Pepperstone.

Swiss Markets Update

With our recent research we found Swiss Markets website is no longer active, which means the broker s not active and does not propose any trading activity, which is typical within offshore Brokers they come and go very fast which is why they are not reliable. 

Is Traderia Scam or Legit Broker?

It is not safe to trade with Traderia. Traderia is owned by Pro Star Griffith Corporate Limited, which is an offshore company licensed in St. Vincent and the Grenadines.

• St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost being low, it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Capital TradeFX, JustForex, and more. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.

What is Traderia?

Traderia claims to be a leading foreign exchange broker with competitive trading conditions. The broker offers accounts with high liquidity and reliable execution, Fixed, Floating & Raw spread offerings, and leverage of up to 400:1. Traderia is offering you a safe and secure place to trade the most lucrative market in the world. With all these positive sides, there is still one side that is quite questionable - the lack of proper regulation. We are going to talk more about it in this Traderia Review.

• The company doesn't disclose its regulation or address details. They have only provided the phone number with a British code, which is supposed to mean the company is located in the UK. Although, in order to provide financial services in the UK the broker should get a license from its local regulator the Financial Conduct Authority (FCA) (Read about FCA-regulated broker Fortrade). As to the Traderia, it is not regulated by the FCA or any other respectable regulator. 

• Moreover, the Spanish regulator CNMV (National Securities Market Commission) has issued a warning against Traderia:

  "Traderia Pro Star Griffith Corporate Limited is not authorized to provide the investment services, which include investment advice, or to provide the auxiliary services in relation to the financial instruments, including, for those purposes, foreign currency transactions."

Traderia in India

Traderia allows Indian traders to open accounts and trade. However, Traderia has no mention of complying with any Indian regulators on its website. It is also worth mentioning that Forex trading is actually prohibited in India. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here.

Traderia in the USA

The United States is one of the countries that is not accepted by Traderia. As per U.S. law, brokers regulated by CFTC are the only brokers allowed for USA traders. So, except for Traderia, you are only permitted to trade with U.S-regulated platforms.

Deposits & Withdrawals

Traderia does require a minimum deposit but that amount does vary by funding type. The minimum deposit amounts are as follows:

• Credit card:$250/€250/£250
• Electronic payment:$250/€250/£250
• wire transfer:$500/€1000/£1000

Deposits or withdrawals can be made via credit cards and wire transfers, as well as e-wallets such as Neteller and Skrill. Withdrawals can be made to your credit card, through a wire transfer, or through selected online payment systems. For platinum and diamond account holders every withdrawal is free. Gold account members can make one withdrawal for free each month. Silver and basic account holders can make one withdrawal for free, with charges each time they withdraw from then on.

Fees:

• Credit card: 3.5%
• Debit card: 3.5%
• Wire transfers: $30, €25, £20

Trading Apps

The MetaTrader 4 web platform allows trading Forex from any browser and operating system (Windows, Mac, Linux) with no additional software. The MetaTrader 4 mobile applications allow trading on financial markets via iOS and Android-powered smartphones and tablets. 

You will certainly appreciate the functionality of the mobile trading platforms that include full support for the trading functions, and broad analytical capabilities with technical indicators and other graphical objects. Of course, all these features are available from anywhere in the world 24 hours a day.

Demo Account

You can open as many demo accounts with Trader as you wish and have the chance to become familiar with the platform (Forex Trading Platforms for Beginners) and its suite of functionality for an unlimited period of time. For beginners, demo trading is the recommended starting point. We are able to provide screen-sharing demos of how to use the software with a member of our technical team. More experienced traders might also find our demo account useful to understand our trading conditions, pricing, and the symbols we offer.

Traderia Review Conclusion

We strongly advise opening a trading account only with brokers that are regulated by respected world authorities that comply with the required set of rules and have a good reputation through the delivered timeframe of operations. Based on our revelations, it is not safe to sign in with Traderia. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and XM.com.

Traderia Updates

Recently Traderia website remains inactive and unavailable to reach, meaning the broker mutes its trading offering and does not propose account openings. However, we still advise the traders to be alert and careful, in case they receive trading proposals. 

Is Aisa scam or safe Broker?

Aisa Forex broker is based offshore zone Broker, while the jurisdictions do not required to follow strict rules and are not overseen by any governmental agency, which significantly raises the risks for their clients as many of those offshore companies run investment scams. For this reason we mark Aisa as scam too. 

What is Aisa? 

Aisa is a forex and CFD broker. The trading name AISA, its logo, trademark and website www.aisafx.com is operated by Aisa International Group Ltd., incorporated in St. Vincent and the Grenadines as an International Business Company. 

In the case with Aisa, it doesn't seem too bad as according to the website AISA is a trading name of the Aisa Group comprised of Aisa International Group Ltd. (St. Vincent and the Grenadines) and Aisa International Group Pty Ltd (Australia). Aisa International Group Pty Ltd is actually regulated by Australian ASIC, however, the firm directly operating the Aisa brokerage is registered offshore.

Conclusion

Well respected financial authorities like the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC) are effectively enforcing strict financial and ethical rules on all overseen brokers. That’s why we recommend choosing among the brokers regulated with the mentioned authorities. Traders should trade with well-regulated brokers (Top 10 Forex Brokers in the World) such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and TMGM.

Aisa Updates

Due to our finding Aisa website is inactive, so it means Broker ceased its operation and no longer active. Yet, we advise to stay alert and better to avoid any offshore based companies due to their instability and potential fraud. 

Is FXBTG scam or a safe Broker? 

FXBTG claims to be located in Auckland, New Zealand, however, the company is not regulated to provide its services in the country. So we conclude it as not safe to trade. Moreover, the FXBTG broker has been blacklisted by The Central Bank of Ireland in October 2018:

"The Central Bank of Ireland today 8 October 2018 published the name of an unauthorized investment firm, FXBTG Financial Ltd (Ireland and New Zealand). FXBTG Financial Ltd (Ireland and New Zealand) is not authorised by the Central Bank as an investment firm, investment business firm, or to provide investment advice."

What is FXBTG?

FXBTG is a Forex broker, owned and operated by FXBTG Financial Limited. The company doesn't provide any information about the trading conditions, it doesn't even look like a trading platform, it just states to be a provider of trading instruments on the global financial markets include currencies, precious metals, crude oil and so on.

FXBTG Review Conclusion

Regulation is very important for the safety of the funds in the sector and well-established financial authorities like the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) to provide sufficient security to traders. Check the list of the ASIC-regulated brokers.

FXBTG Updates

As we found on our research FXBTG Website is inactive. It is unclear whether the broker change its name and operate another fraud Forex activity or just no longer active at all,  since money safety goes first we recommend to avoid any non regulated proposals.

Is TradeTime a scam or a legit broker?

TradeTime is not a secure broker because it is registered offshore and does not hold a proper Forex broker license. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

TradeTime is an offshore Forex broker owned and operated by Almandex Group LTD , based in St Vincent and the Grenadines. The registered address of the broker is also in St Vincent and the Grenadines, but they provide contact phjone numbers in UK, Australia, New Zealand, Spain, Sweden and France, which means they are targeting the residents of these countries without being regulated there.

The SVGFSA (Financial Services Authority of the St Vincent and the Grenadines) is famous for its low capital requirements – you can open a forex broker, by having only USD 2,000 in capital.

As a comparison the United Kingdom’s Financial Services Commission (FCA), demands a minimum of EUR 125,000 for STP license. Find the list of FCA regulated brokers here.

Conclusion 

We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BlackBull Markets, FXGT, FBS (Read FBS Forex Review).

Yet, it is always great to hear your personal opinion about TradeTime. So you may share your experience or thoughts or discuss them below or ask us for additional information.

TradeTime Update

Based on our finding TradeTime website is inactive means broker is no longer operates, we recommend to avoid any proposal in case coming from TradeTime.