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Swisstrade Finance broker review: high risk (suspected fraud)

TraderKnows
TraderKnows
05-13

Swisstrade Finance is a forex trading platform established in 2020. This article will evaluate Swisstrade Finance's corporate entity, domain registration, regulatory licenses, staff, software, and trade types.

Swisstrade Finance Overview:

The official website of Swisstrade Finance does not provide registration information, nor does it provide an office address or contact address, so the company's registration information cannot be verified and confirmed.

Domain Registration of Swisstrade Finance:

According to the domain name registration information of the website queried by Whois, the company’s official website domain name was registered on February 7, 2020, and the domain name registration time has been more than 3 years ago.

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Is Swisstrade Finance legit or a scam? Does Swisstrade Finance Have Any Regulatory Licenses?

The official website of Swisstrade Finance not only does not provide the regulatory or authorized information obtained, but also does not provide an office address or contact address to inquire about the regulatory or authorized information it obtained. In addition, although the query results on the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) website show that the company holds FinCEN’s currency services business license (MSB license). However, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is the financial intelligence unit of the United States. Its main mission is to promote the detection, prevention, and deterrence of money laundering and terrorist financing. It does not regulate or authorize brokers.

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Employees of Swisstrade Finance:

Traderknows did not search any Swisstrade Finance's corporate employee information on public websites.

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Trading Software Provided by Swisstrade Finance:

Information on the Swisstrade Finance official website shows that the trading software provided by the company to investors is suspected to be MetaTrader4 (MT4) or MetaTrader5 (MT5). Normally, both MT4 and MT5 software support computer version (Winodws/MacOS) and web version mobile version (IOS/Android). However, the Android version of MT4 and MT5 software has the problem that it cannot be downloaded and installed or the download and installation speed is slow in some countries or regions.

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Online Reputation and Client Complaints:

Traderknowa has collected some negative reviews of Swisstrade Finance on the Internet. These complaints mainly related to the inability to withdraw cash. For example, one customer said they had approximately $7,000 in their account but were unable to withdraw it and had not received any response from customer service.

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Trading Products Provided by Swisstrade Finance:

Information on the official website of Swisstrade Finance shows that the company provides investors with foreign exchange and CFD trading services. In addition, the Swisstrade Finance official website does not provide specific trading products covered by foreign exchange and CFDs, nor does it provide information on commissions, spreads, minimum trading units, maximum trading units, overnight interest and other information for specific trading products covered by foreign exchange and CFDs. .

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Contact Information:

Investors can contact Swisstrade Finance only through E-mail.

Website Traffic of Swisstrade Finance:

Swisstrade Finance's website traffic is relatively low compared to larger brokers, and generally , lower traffic indicates that the company has fewer users and lacks corporate strength.

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Conlusion:

The official website of Swisstrade Finance provides relatively limited information and lacks key information such as registration, office address and supervision. A domain name registered for more than 3 years does not represent the reliability of the company. The official website does not provide regulatory authorization information. Although it holds FinCEN's MSB license, it has nothing to do with foreign exchange regulation. The information of the company's employees has not been made public, and the contact information is only by email. Information about trading products and fees is vague, and website traffic is relatively low, possibly reflecting the company's weak visibility and strength in the market. As a result, Swisstrade Finance is labeled as “Suspected Fraud” on Traderknows. Traderknows reminds investors to pay attention to information transparency and regulatory compliance, and to choose brokers carefully.

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Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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Ponzi Scheme

Ponzi scheme is a type of financial fraud model that promises high returns and pays early investors with the funds from new investors, ultimately leading to losses for the majority.

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