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.

About Swiss Markets
🗺️ Registered inSeychelles
🗺️ Type of LicenseOffshore License
🛡️ Is Swiss Markets safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

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. 

No news available.

Leave a Reply

Your email address will not be published. Required fields are marked *