Score
Swissquote Bank
China|2-5 years| http://www.fintechswiss.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
China
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed Swissquote Bank also viewed..
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Website
fintechswiss.com
Server Location
Hong Kong
Website Domain Name
fintechswiss.com
Website
GRS-WHOIS.HICHINA.COM
Company
ALIBABA CLOUD COMPUTING (BEIJING) CO., LTD.
Domain Effective Date
2018-12-06
Server IP
47.52.248.178
Company Summary
Note: Swissquote Bank's official website:http://www.fintechswiss.com/ is currently inaccessible normally.
Swissquote Bank Information
Swissquote Bank was established in 2000 and was previously regulated by the Swiss Financial Market Supervisory Authority (FINMA). It is now an unregulated financial institution registered with Namebay SAM. However, its business practices are considered questionable.
Is Swissquote Bank Legit？
Swissquote Bank lacks valid regulatory information, leading to significant risks such as low transparency, insufficient security, and lack of customer protection. Investors should proceed with caution.
Downsides of Swissquote Bank
- Unavailable Website
The official website link for Swissquote Bank is currently inaccessible, which affects its reliability and accessibility.
- Lack of Transparency
There is a notable lack of information about Swissquote Bank available online. This lack of transparency is unlike other brokers, making it difficult for investors to make informed decisions.
- Regulatory Concerns
Swissquote Bank operates without regulation, leading to significant risks.
- Withdrawal Difficulty
According to a report on WikiFX, a user encountered significant difficulties with fund withdrawals. Despite the week-long duration of the pending request, the issue remained unresolved.
- Steep Learning Curve for Beginners
According to a report on WikiFX, a user said that Swissquote Bank provides valuable trading tools and insights, but it is a big challenge for beginners.
Negative Swissquote Bank Reviews on WikiFX
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there was only one piece of Swissquote Bank exposure in total.
Exposure. Cannot withdraw
| Classification | User Experience |
| Date | January 2, 2024 |
| Post Country | Malaysia |
The user said that the platform is challenging for beginners. You may visit: https://www.wikifx.com/en/comments/detail/Co202401012481447424.html
Conclusion
Trading with Swissquote Bank is unsafe due to its unregulated status and lack of transparency. It is recommended to choose a regulated broker with transparent operations to ensure your investments are secure and comply with legal standards. When selecting a trading platform, prioritize those overseen by recognized regulatory authorities to enhance safety and peace of mind.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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