Swissinv24 Review - Is Swissinv24.com a Scam?

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Swissinv24 review

Licenses: none
Headquarters: Bulgaria
Regulatory warnings: multiple warnings

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Trust and licenses in Swissinv24

According to the broker's website, the company behind it is registered in the Marshall Islands as Swissinv24 Ltd. This means that the broker is registered offshore and is not subject to any regulatory oversight because the Marshall Islands government has stated many times that they do not regulate online forex trading. Moreover, the site itself is widely preferred by scammers due to the isolation of the country and the lack of significant financial oversight. We bring the Bulgarian contact address on the site. Bulgaria is a member state of the European Union and online forex trading is duly incorporated within its regulatory framework which has been designed in accordance with the ASMA guidelines. However, we find no indication of licensing by the Bulgarian authorities – and therefore we may safely conclude that the SwissInv24 brokerage does not fall under any regulatory oversight whatsoever.

 

Swissinv24 Trading

We must point out that the MetaTrader 4 trading platform is available to clients which we definitely consider an advantage for the brokerage. A demo account is also available, and with it we can see spreads of just under 2 pips, however they are above the industry average and excessive in our opinion. Traders extend a balanced leverage of up to 1:50

Swissinv24 Withdrawal and Deposit

Potential clients of the broker have a full range of payment methods available. They may deposit or withdraw via Visa, MasterCard, Maestro, Poli, TrustPay, iDeal, GiroPay, Euteller, Sofort, Multibanco, TicketSurf, teleingreso, SporoPay, Bancontact, ePS, ePay, eKonto, Przelewy24, Neosurf, AbaGood. Popular and favorite e-wallets of merchants like Skrill, Neteller, Fasapay and Webmoney are missing out. Going through the brokerage terms and conditions, we were unable to find any specific worrisome withdrawal terms, besides the minimum withdrawal amount of $3000 which is only limited to withdrawals via bank transfer. This is not a guarantee that there are no fees left unmentioned. For example, we find in the terms the following:

What do you do when you are cheated?

As mentioned above, scams are quite common in the trading world, and it is unfortunate that you may suffer from it. In such an unfortunate situation, there may still be some options available to you.

It is important to note that both Visa and MasterCard are taking measures to combat unregulated forex brokerage by classifying all forex transactions as high risk. Therefore, MasterCard increased the previous six-month time period to file a refund request by one and a half years. You can contact your bank or credit card provider and Request a refund for being scammed.

However, if you have provided the broker with your credit card details, immediatelyCancel your credit card.

If you have provided information on your Internet Banking Card - you must exchange it ASAP!

Beware of potential calls from “refund agencies,” they prey on traders desperate to recover their losses. They will need to pay you up front to “help” you, but after you pay them, such help will never come.

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