Swiss Capital Fx (swisscapitalfx.com) is a Forex brokerage located in the Saint Vincent and the Grenadines and allegedly owned by Thorntons Global Ltd. In the review below, we take an in-depth look at the feat Swiss Capital FX allegedly offers. This review aims to explore the trading platform, listing out aspects like licensing, its leverages, account types, and its withdrawal and deposit methods. It also aims to fact check claims that have been made the swisscapitalfx.com pro to determine whether it is safe enough to trade with or if it is just one gigantic scam.
Table of Contents
Swiss Capital FX Trading Platform
They promise an array of offerings which include Forex (with an unreasonably high leverage of 1:500) and CFDs, precious metals and others. They make use of the MT4 trading platform
Do You Know You Could Get Back Your Money If You Have Been Scammed? Great News! Click HERE to Get Started
Apart from their prices and leverages, they offer these features as reasons to choose them above the others.
- Low Spreads
- Range of Markets
- No Dealing Desk (NDD)
Swiss Capital FX Account type
Swiss Capital fx. offers four different types of accounts.
- Silver account with Min. Deposit of $100
- Golden account with Min. Deposit of $501
- Platinum account with Min. Deposit if $5001
- Pro account with an entry fee of more than $10,000
Swiss Capital Deposit and Withdrawal Methods
The brokerage supports Visa, MasterCard, Skrill and Neteller.
There was no mention of any withdrawal fees on the site. However, we warn against dealing, dealing with unsubstantiated brokerage as we never know if they won’t charge unexpected fees once the clients have deposited their funds.
Another risk is that might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal.
Is Swiss Capital licensed?
Swiss Capital according to the information on the site is located in First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines. And it also claims to be owned by Thorntons Global Ltd, and registered under Registration number: 25194 IBC 2018
It doesn’t bother to give any more information concerning its licensing.
Saint Vincent and the Grenadines is a well-known offshore zone, and a preferred location for shady brokerage. Although this broker doesn’t claim to be regulated by the government of SVG, the government of the SVG has stated in the past it does not regulate any form of forex trading.
After checking appropriate bodies, we concluded that this broker is an unregistered broker
Trade with TOP RATED BROKERS Instead
Accounts
Free Trial
Projects
SSL
S
Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
TOP CHOICE BY TRADERS
Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:300
BEGINNER FRIENDLY
Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with Swisscapitalfx.com as they don’t give any information concerning if they are a regulated broker.
Swisscapitalfx.com is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.