Overview of Swiss Capital Review
The forex broker Swiss Capital claims to be situated in Switzerland but its official website is totally anonymous. It comes up with four different trading accounts. Nevertheless, staggering lack in the provided information is there on the website. This Swiss Capital review complies with all the benefits and drawbacks of it that will give you a complete picture. So without wasting any time let’s go-ahead read it.
About Swiss Capital:
The four trading accounts provided with high max leverage levels are Basic, Advanced, Expert, and Capital. These four trading accounts need €5000, €25000, and €75000 respectively. However, for Capital account, that is the most premium one, the minimum deposit is not shared. In the process of developing unprejudiced and complete review consideration of the possible benefits and drawbacks is a must. Initially, some of the possible benefits are discussed. The broker Swiss Capital provides an extensive variety of trading instruments. It includes CFDs over forex, commodities, stocks, cryptocurrency, precious metals, indexes, and others. The leverages at Swiss Capital are 200:1 and it is yet another benefit. High leverages draw high profits in minimum time. However, they can make high loses as well and therefore taking caution is advised.
Now we will discuss the drawbacks of Swiss Capital in this section. The formal website of Swiss Capital is completely anonymous. The presentation on it does not share information about its owner and official corporate address. Only a Swiss country code labelled telephone number is provided and from that, we could not derive much info. It’s a major RedFlag for Swiss Capital. Another point of concern comes from its blacklisted nature. Switzerland based financial regulator FINMA has already blacklisted Swiss Capital for providing illegal services to traders of its nation. Furthermore, the official webpage lacks information about the most crucial aspects of trading like spreads, lots, and others. It claims to offer details to those clients who personally call them. It is yet another scam practice called cold calling. A useless, unproven and basic trading platform that we call a web trader is offered to its clients. It lacks advanced features like EA, Auto Trading, Charts, and more present in Meta Trader. Term and Conditions section mentions several unusual and unacceptable inactivity expense.
Is Swiss Capital scam or legit?
The broker Swiss Capital is unregulated and blacklisted company. The initial investment is soaring high. Trading spreads are not shown and a web trader is offered. Several unacceptable inactivity charges are applied and therefore it is a scam broker 2020.