Reason to avoid: Offshore license
Listed Date: April 30, 2019
Top 3 Regulated Forex Brokers
Beware Swissinv24 is a Non-Regulated broker. It is NOT SAFE to trade.
Is Swissinv24 a scam or legit broker?
No, it is not safe to trade with Swissinv24. Swissinv24 is owned by Swissinv24 Markets, which is an offshore company registered in the Marshall Islands.
The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as MegaTradeFX, Finbitex and more.
Swissinv24 Markets has positioned itself as a leading provider of Online Foreign Exchange (Forex) trading, spread betting, and other related services. However, we have a lot of questions about its reliability. The company doesn’t provide any information about its regulation and most probably is not authorized by any regulatory authority.
The only contact information provided on the website is the phone number with the Swiss code. Swissinv24 is not regulated in Switzerland to provide financial services. Moreover, the Swiss regulator has recently issued a warning against the broker:
We strongly advise all investors and traders to avoid Swissinv24 and other brokers from the Marshall Islands. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as City Index and eToro.