• Company name: BDS LTD
  • Registration/license: Seychelles
  • Registration/license requirement: USD 2,000

Is Swiss Markets a regulated forex broker or a scam?

no, Swiss Markets broker is Non-Regulated Broker. It is NOT SAFE to trade.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.

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.

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

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.

In case with Swiss Markets, it was banned by the Spain’s CNMV as it is not authorised to provide the investment services in Spain. It is always better and safer to trade with 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 client deposits. Check the list of the FCA-regulated brokers here.

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