Score
SwedenCap
Saint Kitts and Nevis|5-10 years| https://www.swedencap.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
Saint Kitts and Nevis
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
swedencap.com
Server Location
Spain
Website Domain Name
swedencap.com
Server IP
91.134.184.222
Company Summary
Note: SwedenCap is to operate via the website - https://www.swedencap.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
General Information & Regulation
SwedenCap is allegedly a forex broker registered in Saint Kitts and Nevis that claims to provide its clients with various tradable financial instruments with variable spreads on the MT4 and MT4 Mobile trading platforms via six different live account types. Here is the home page of this brokers official site:
As for regulation, it has been verified that SwedenCap does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.44/10. Please be aware of the risk.
Market Instruments
SwedenCap advertises that it offers access to a wide range of trading instruments in financial markets, including forex (140), stocks, commodities (45), indices and cryptocurrencies (150).
Account Types
SwedenCap claims to offer five types of trading accounts - Micro, Bronze, Silver, Gold and Platinum with minimum initial deposit requirements of $200, $10,000, $20,000, $50,000 and $100,000 respectively, as well as a Platinum VIP account about which no further information is given. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Spreads
All spreads with SwedenCap are a variable type, but we have no way to get more details about it due to its broken links.
Trading Platform Available
The platform available for trading at SwedenCap is one of the most notable and preferred trading platforms the market offers - MetaTrader4 and MT4 Mobile. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
SwedenCap says to work with numerous means of deposit and withdrawal choices, consisting of credit/debit cards like Visa and MasterCard, as well as Bank transfer and Bitcoin. The minimum initial deposit requirement is said to be $200. Withdrawals are said to be processed in 5 days.
Customer Support
SwedenCaps customer support can be reached by telephone: 18697654496, email: support@SwedenCap.com. You can also follow this broker on social networks such as YouTube. Company address: Charlestown Waterfront Plaza, Suite 556, Main Street. Charlestown, Nevis.
Pros & Cons
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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MutnedJemet
Chile
SwedenCap wasn’t authorized. High risk to invest.
Exposure
2020-09-27
FX1323446432
Peru
They didn't allow me to withdraw my account balance.
Exposure
2020-07-10
FX1323446432
Peru
The broker manipulates the price. They call you to invest in a certain product of theirs. Then you would suffer losses. However, because the price volatility is not too much, your loss would be small. Therefore, you would not choose to withdraw. Then you will probably be defrauded to make further investment.
Exposure
2020-07-10
星宇6914
New Zealand
SwedenCap's website is no longer open, and I noticed that even for a micro account, the minimum deposit is $200. In fact, the threshold of 200 US dollars is not too high, but for micro accounts, the amount of 50 US dollars and below should be more appropriate.
Neutral
2023-03-01