Swiss Trade Review – Is Investing in Swiss-trade.co Safe?
About Swiss Trade
Swiss Trade is a brokerage company that operates online and purports to provide investment financial services. There are several issues with its legitimacy, though. In this swiss-trade.co Review, we examine the warnings from the financial regulators and what dangers lie with this site.
Company Name – Swiss Trade
Swiss Trade Website – www.swiss-trade.co
Address – 50 Stratton St, London, UNITED KINGDOM
Regulatory Warning – Financial Conduct Authority (United Kingdom) AND Financial Market Authority (Austria)
Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
Swiss Trade Review: Is It a Scam or Legit?
Swiss Trade raises serious red flags, including regulatory warnings, lack of transparency, a non-functional website, and negative reviews. It is highly recommended that investors stay away from this broker and choose regulated substitutes instead.
Key Concerns About Swiss Trade
1. Regulatory Warnings & Blacklisting
- Financial Conduct Authority (FCA) Warning
- On June 22, 2023, the UK’s Financial Conduct Authority (FCA) warned that Swiss Trade may be operating without approval.
- Financial Market Authority (FMA) Warning
- The Austrian Financial Market Authority (FMA) has also flagged swiss-trade.co as a suspicious broker.
- No Regulatory Authorization
- The broker claims a UK address but is not authorized by the FCA, a major red flag.
2. Lack of Transparency
- No Clear Licensing or Accreditation
- Legitimate brokers display verified regulatory approvals. Swiss Trade fails to provide proof of any valid license.
- Fake Legitimacy Attempts
- The company uses a UK address to appear trustworthy but lacks the necessary FCA authorization.
3. Website & Negative Reviews
- Website Not Functional
- The official website (www.swiss-trade.co) is currently inactive, raising concerns about its legitimacy.
- Poor Customer Reviews
- Swiss-trade.co has a Trustpilot rating of 2.9 (Average), with a majority of negative reviews.
- Users report withdrawal issues, poor customer support, and possible fraudulent activities.
How to Protect Yourself from Scam Brokers
- Always verify a broker’s license on official financial regulatory websites.
- Be cautious of high-return promises with no associated risks.
- Don’t give your banking or personal information to unreliable platforms.
- Financial authorities should be notified as soon as possible about suspicious brokers.
Lost Money to Swiss Trade? Here’s How to Recover It
If you’ve suffered financial losses due to swiss-trade.co, you’re not alone. Many investors struggle to get their funds back, but there is hope.
- Our staff of experts in financial recovery might be able to assist.
- Complete our recovery form now to receive a free consultation.
Final Verdict: Avoid Swiss Trade
Swiss Trade has been flagged by multiple financial authorities, lacks transparency, has a non-functional website, and has negative customer reviews. To make sure their money is safe, investors should avoid them and only work with brokers who are licensed and regulated.
What to Do If You Suspect a Scam?
Take the following steps if you have been scammed by swiss-trade.co:
- Contact Your Bank or Payment Service Provider: If you used a credit card or any other banking method to pay, then you can make a chargeback at the bank or the service provider.
- Collect Your Evidence: Keep all the records including transaction details, emails, and any form of communication you had with the platform.
- Report the Incident: Contact your country’s financial regulatory department and law enforcement.
- Get Expert Help: Professionals of Scams Report can help trace the stolen funds and further discuss recovery options.
Fill out the form above to connect with experts. Act fast—time matters when recovering funds.
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Note: The information provided in the above Swiss Trade review is derived from existing web swiss-trade.co reviews. Please be aware that we cannot be held liable for any legal action taken by Swiss Trade company. If you have any inquiries or concerns, kindly reach out to us via email at admin@scamsreport.net.
