| Company Name: | SwissTrade |
| Website: | swisstrade.pro |
| Supposed Address: | London, United Kingdom |
| Phone: | +447488872386 |
| Email: | [email protected] |
Overview and Regulation
SwissTrade Pro is a digital trading platform providing access to forex, CFD and cryptocurrency markets, purportedly based in the United Kingdom. SwissTrade.pro does not mention any regulatory status on their website, suggesting that the company is likely unregulated.
The Financial Conduct Authority (FCA) oversees the financial markets in the United Kingdom. A quick-check of the FCA register reveals that SwissTrade lacks an FCA authorization. This is quite alarming for a company that claims to operate from the UK.
Trading with an unregulated broker poses significant risks for your investment, as it lacks the oversight and protections provided by regulatory authorities. This can lead to potential issues such as fraudulent activities, lack of transparency, and difficulties in recovering funds if things go wrong. Always ensure your broker is properly regulated to safeguard your investments.
Furthermore, this site is similar to another company we previously reviewed, EFTInvest, which the FCA has already issued a warning against.
Timeline records on SwissTrade.pro
July 15, 2024: The Comisión Nacional del Mercado de Valores (CNMV) warns consumers that SwissTrade.pro is not authorized to offer investment services in Spain.
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FAQ
Is SwissTrade.pro a regulated trading platform?
No, SwissTrade Pro is not regulated by any authority.
Has SwissTrade Pro received warnings from financial authorities?
Yes, the CNMV issued a warning on July 15, 2024.
Can I safely invest with SwissTrade Pro?
No, SwissTrade Pro is unregulated and operates without proper oversight, making it a high-risk option for investments.
