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• Our Review Method

• Is Swissquotes Scam or Legit Broker?

• What is Swissquotes?

• Swissquotes Review Conclusion

• Swissquotes Update

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding Swissquotes due to the issues we've identified.

Is Swissquotes Scam or Legit Broker? ▲

Engaging in trading activities with the forex broker Swissquotes is deemed unsafe, as it operates as an unregulated clone entity. The broker, which purportedly falls under the ownership of MIG Capital LTD, claims to have established offices across notable financial centers including London in the United Kingdom, Zurich in Switzerland, and Frankfurt am Main in Germany. Despite these assertions, the terms and conditions suggest that the entity conducts its operations under the guise of the Swissquotes brand, supposedly in compliance with laws from the United Kingdom, Switzerland, and Germany.

• Registration Status:

• Registered in: No registration

• Type of License: No License

• Is Swissquotes safe to trade: No

• Recommended Licenses: FCA in UK & ASIC in Australia

However, Swissquotes lacks regulation in any of the mentioned countries and remains absent from the local regulators' registers. Additionally, the broker has encountered blacklisting by the UK’s Financial Conduct Authority (FCA) for operating as a clone firm of the FCA-regulated Swissquote Ltd., employing the reputable entity’s name to mislead potential clients.

What is Swissquotes? ▲

Swissquotes presents itself as a seasoned forex brokerage, prioritizing exceptional client services, tailored account management, and leading-edge technology within the industry. The broker prides itself on an international reputation built on dedication to service, technological innovation, and client-centric approaches. However, closer scrutiny reveals that Swissquotes' reputation is marred by significant concerns.

Extensive research has unveiled that Swissquotes lacks regulatory oversight in the jurisdictions it claims to operate within and is conspicuously absent from the registers of local regulatory authorities. Furthermore, Swissquotes has earned a spot on the blacklist of the UK’s Financial Conduct Authority for being a clone of the authorized Swissquote Ltd., utilizing the established name to deceive potential clients. Clone firms often replicate the details of legitimate entities to convince investors of their authenticity, typically targeting individuals through unsolicited approaches. Investors are advised to exercise heightened caution, particularly if approached unsolicited by such entities claiming authorized status.

Swissquotes Review Conclusion ▲

We strongly urge all investors and traders to steer clear of Swissquotes and similar fraudulent brokers. The absence or misrepresentation of critical information pertaining to the broker’s regulatory status, trading conditions, and contact details serves as a glaring warning sign for those considering investment with the firm. Typically, entities engaging in such deceptive practices are involved in investment scams. Traders are encouraged to opt for brokers regulated within reputable jurisdictions, such as the UK or Cyprus, and to consider established and reliable brokers.

Swissquotes Update ▲

In a recent development, the Swissquotes website has gone inactive, signaling the cessation of its trading offerings and the suspension of new account openings. Despite this, we continue to advise traders to remain vigilant and cautious, particularly in the event of receiving unsolicited trading propositions.