Is SwissCCI Scam or Legit Broker?

SwissCCI has been suspected as a scam broker. This broker is blacklisted by a well-known regulatory authority and should be avoided. StoxMarket is owned by Thinking Ahead LTD which is an offshore company registered in the Marshall Islands.

  • The Marshall Islands is notorious for its practically absent requirements and regulations. Due to low setup costs, it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as MegaTradeFX, Finbitex, and more.

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

What is SwissCCI?

SwissCCI is owned and operated by Thinking Ahead LTD, based in the Marshall Islands. The Marshall Islands is an offshore destination where usually brokerage services are not regulated.

  • SwissCCI is not associated with any financial regulatory agency. The broker provides British phone number on the website, although the firm is definitely not registered in UK with the FCA. The main issue with this broker is the lack of regulation.
  • The license from UK’s Financial Conduct Authority requires EUR 125,000 of capital (aside from client deposits) for the STP license. Also all clients of FCA-regulated brokers are protected by the Financial Services Compensation Scheme. Each client can file a claim for the size of their account, up to GBP 50,000.

SwissCCI Review Conclusion

In conclusion, there are many questions in regard to the trust of SwissCCI services and the manner they do operate the online trading itself. We strongly advise opening a trading account only with brokers that are regulated by respected world authorities and 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 HotForex, and BlackBull Markets.


SwissCCI Update

We found that the SwissCCI website is inactive and unavailable to reach. This means the broker no longer operates. However, it is best to avoid and stay alert in case any proposals show up.

No news available.

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