Swiss Capital Review
Reason to avoid: No license
Listed Date: May 10, 2023
Top 3 Forex Brokers
Beware Swiss Capital is a Non-Regulated Broker. It is NOT SAFE to trade.
- Our Review
- Swiss Capital User Reviews
- Swiss Capital News
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.
About Swiss Capital
| 🗺️ Registered in | Not registered |
| 🗺️ Type of License | No license |
| 🛡️ Is Swiss Capital safe to trade? | No |
| 🗺️ Recommended Licenses | FCA in the UK 🇬🇧 and ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
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.
| Ranking | Swiss Capital | BlackBull Markets | FP Markets |
|---|---|---|---|
| Our Ranking | ⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
| Is Broker safe? | No | Yes | Yes |
| Advantages | None | Trading Environment | Trading Platforms |
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
No review found...
No news available.
Does this broker accept cryptocurrency deposits and withdrawals?
do the pay withdrawals?
hey, do they accept crypto deposit and withdrawals?
no, they don’t
do the pay withdrawals?
The spreads are reasonable. With my portfolio and funds secure, the overall experience has been reliable. It’s a platform where I can focus on executing trades without unnecessary concerns about conditions or spreads.
I have found swiss capitals commitment to keeping clients informed to be truly commendable. The consistent updates they provide go beyond just the basics, ensuring that clients are well-versed in crucial contractual details of the products they are dealing with. From expiry dates to transaction costs, and from lot sizes to margin changes, the transparency displayed by Swiss Capital Broker instills a sense of confidence and security in their clientele.
I had the worst experience with this scammers. About 2 months ago someone named Hassan called me continuously from multiple number for about 1 month straight. I blocked his number several times because it was irritating at some point and I thought it is scam because he was calling from different numbers. Recently about 3 weeks ago another man named Abdul Ajees called me and said me to add some 3000 dollars and they will add bonus or extra money to start my trade. He said my money will be safe and I will get back the money within sometime after getting the profit. I asked him for surely if I will get back the money and he promised me. I was very doubtful so I decided visit the office to see even if there is one. They had a pretty big office and it was convincing. I decided to put in my money and waited there for almost 2 hours and then he asked me to go back. The money was not put into trade that day. I wanted the money back as I am a businessman I wanted it for rolling so he asked me to wait. He also Informed me that the trade closes on Saturday 1 am and reopens only on Monday morning. Same day after 10 pm he stopped answering my calls and WhatsApp messages. Next day afternoon he messaged me saying he was busy the previous day. But he was free while calling me continuously for hours before putting my money. Once we put the money they will never call us back or reply our messages until we do. Then he stopped messaging and someone else named Zakariya started communication. He said he will be handling my account and he is the relationship manager. I said to him I am not familiar in this trading and he said he will make sure I will do everything perfectly and guide me. He made me do some currency trades and I got profit twice around 50 to 60 dollars for 2 days. The 3rd day he asked me to do another currency trade with a high amount. While I was checking the app a few times the profit went very high and I was not getting any calls from his side. Later I saw the margin was going less so I called him. Then he said me to add some 3000 dollars more to invest in some other trade. Thank God I didn’t have any money at that time but even if I had I would not have put. I said to him I don’t have any money. He asked me multiple times I said NO. Then he said he will add bonus with that . But I said No. When asked about the currency trade which was going very low he said me to wait and that it will go very high tomorrow. The next day it was the same and I was getting impatient he asked me to put another 3000 dollars to save the money I put. I didn’t understand what he meant by that because earlier he and the other guy said our money will be safe. I said I don’t have any money, to which he replied he can’t do anything and my money will be lost. Is that the way you say somebody who put their trust in you? It’s not anyways a small amount for me. 7600 is my hard earned money. For them it’s easy. He said he will withdraw the money as soon as I get the profit. Same strategy used by the first person. After that day I don’t know even if he is alive or not. He simply vanished. Later next Monday another man named Rizwan called me and I said to him my experience. He said you should have complained to the company and blah blah. He said he will manage my account from now on. Since one trade was already active and went to -2000 some dollars I can’t withdraw the amount back. He said me to trade other currency to lock the loss. From him I earned almost 800 dollars from his assistance, to cover my loss, for 5 days. The next day he asked me to open another 2 trades in the morning. By evening the profit was high. I texted him and there was no reply. As I still didn’t know the correct procedure I wasn’t sure if I should close it myself. I was waiting for his message and called him many times the whole night and there was no response from his side. The next morning when I checked the app the trade was stopped and all my money was gone. It’s been 7 days now and there is still no response from their side. It’s a proper scam. All they want is to make us invest our money because each trade we do they get their profit and it gets deducted right when we close the trade even if it profit or loss. I simply lost 7600 DHS within 10 days. They impress us with their words. They are trained scammers. Very well trained. Please don’t look at they communication skills, their office to invest money like I did. Total scam.
they have mt platform, looks like not a scam.
is that a good broker to trade?
Outstanding customer service – quick, knowledgeable, and always eager to assist with any trading concerns.
do they accept crypto?
They don’t accept crypto
Is it safe to trade here?
After a year of collaborating with this broker, I find myself in a rather neutral position. Throughout this period, I haven’t encountered any significant issues, and from a technical standpoint, everything has been running smoothly. In terms of service, it aligns with the standards one would expect from an experienced broker. At this point, I neither have strong criticisms nor overflowing admiration to express.
Smooth transactions, friendly customer service, and fair spreads at Swiss Capital without unnecessary widening. Great overall trading experience.
Good broker, fair conditions, no meddling with profits. Smooth withdrawals without delays. Satisfied with Swiss Capital, recommend it to all.
Swiss Capital is Scammer. Beware of this broker
Technical Executive Mr. Akash contact me to trade with Swiss capital he will gives me 2000 dirham profit with 5000 dollar investment. I believe and invest on behalf of swiss capital. Mr. Akash put trades without stop loss at least he hatch my account and force to invest more money to save 5000 dollar. As per instruction and fear of lost money i take bank loan and put money in swiss capital. he black mail me every day even i got full unconscious. within two month i put 17500 dollar in Swiss capital. when i was nothing in my hand he message me your mony lost. That was a time when i believe this company scam my all money. I want to appeal in court but i did not have money to put case in this scammer peoples. I take one year to recover myself. Beware of these type of investing scammer. Now i am going to plane to put scam case in UAE court. because i lost 17500 dollar and get mentally, financially torcher.
are they legit?
One another broker, yes, they are legit. but no crypto.
In my opinion, when searching for low-risk commodities to trade at Swiss Capital, I’d recommend Silver and Gold. Their minimum lot sizes of 1 make them ideal for traders with limited capital, reducing the risk associated with larger positions. as compared to trying to trade assets like CRUDE Oil with a minimum lot size of 100.
I’ve been trading with Swiss Capital for 2 years, but since I switched to a Mac, their trading platform isn’t accessible on my computer, which is frustrating. Oddly, I can access it on my iPhone. This Mac compatibility issue needs attention. Otherwise, their services have been reliable.
Things are going well. I’ve been trading here for three months and haven’t been let down. No issues with slow quotes. Initially, I had doubts about this brokerage, but I changed my mind over time. Testing it out on a real account, their execution proved to be good, and I’m satisfied with the results.
I was quite glad when I found Swiss Capital because they still use regular Visa and Mastercard transactions. Sorting out my taxes from trading income has been a pain, but now that all my transactions with Swisscapital go through the bank, I won’t have to worry about it anymore.
plz add more etf. in less fees. people trade not only eurusd. bank withdrawals are quite fast. not crypto friendly. quite good broker, recommend.
scam or not? good conditions but not sure.
Dubai, usually not a scam from there.