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SwissMarketFX Broker Review
While promising success, innovative trading technology, and a myriad of trading assets, SwissMarketFX forgot just one thing – to mention the regulation. Yet, we are here to expose all the details and let you know what to do if you have been a fraud victim. Read our SwissMarketFX review for further details.
Broker status: Unregulated Offshore Broker
Regulated by: Unlicensed brokerage
Blacklisted as a Scam by: N/A
Owned by: Tikmedia LLC
Headquarters Country: Saint Vincent and the Grenadines
Foundation year: N/A
Supported Platforms: Web trader
Minimum Deposit: $250
Cryptocurrencies: Available
Types of Assets: FX, commodities, indices, shares, cryptocurrencies
Maximum Leverage: 1:200
Free Demo Account: Yes
Accepts US clients: No
SwissMarketFX Regulations and Security
SwissMarketFX is a brand of Saint Vincent and the Grenadines-based Tikmedia LLC. Despite the fact that its name may lead you to feel you are working with a legitimate Swiss organization, the truth is far different. SwissMarketFX is in reality unregulated by default because SVG has no financial authority. To make sure this firm wasn’t listed, we looked via the FCA, ASIC, BaFin, and a few other Tier1 registers. As predicted, we came up empty-handed.
Watch out for the SwissMarketFX scam and other fake brokers that will deceive you in different ways in order to steal your money.
Fund Withdrawal Issues With SwissMarketFX
The key factor to consider when determining whether or not to trust the brokerage is the regulation. In order to repay customers in the event of any withdrawal problems, Tier 1 regulators ensure that each business maintains a compensation fund. We have many complaints and no answers since SwissMarketFX doesn’t operate that way.
Reviews of SwissMarketFX claim that this business goes over and above by refusing to allow customers withdraw their money. The moment a client requests a withdrawal, the broker suspends the client’s account and ensures that they will never get their money back.
Therefore, stay away from scam brokers like forex broker SwissMarketFX.
Traders About SwissMarketFX Scam
Along with withdrawals, SwissMarketFX’s poor trading conditions, excessive leverage, subpar web trader, and other issues are on traders’ minds a lot right now. This firm offers a TradingView chart with several indicators and calls it a web trader rather than offering a reliable platform like MT4. You’ll realize what type of a platform you’ve been given, though, if you try to employ tools like Take Profit and Stop Loss. You will almost always lose money since your transactions will continue to be open.
How To Know If You Have Been Scammed Online?
As was previously mentioned, withdrawal problems with SwissMarketFX broker are unmistakable symptoms of a fraud. Additionally, if you suffer any technical or login difficulties with a web trader or your account manager declines to help you, it might be a scam. To avoid losing your money, you should report it right away. Since nobody starts trading with the intention of losing money, Before making any investments, verify with your broker to make sure everything is secure.
Are you having trouble successfully requesting a withdrawal from your broker? Tell us about it and add a comment.[/vc_column_text][/vc_column][/vc_row]
