Swissaz.com Review Is SwissAZ A Scam Forex Broker

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Swiss Markets Review

Swiss Markets

Reason to avoid: Offshore license

Listed Date: September 7, 2020

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  • Our Review
  • Swiss Markets User Reviews
  • Swiss Markets News
  • Company name: BDS LTD
  • Registration/license: Seychelles
  • Registration/license requirement: USD 2,000

Is Swiss Markets a regulated forex broker or a scam?

no, Swiss Markets broker is Non-Regulated Broker. It is NOT SAFE to trade.while we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

Swiss Markets is a Forex broker and the Brand name of Seychelles-based BDS LTD. There is one more offshore company behind Swiss markets – BDS Markets.

All the payment transactions are managed by BDS Markets a Mauritius registered company and licensed by the Financial Services Commission in Mauritius.

Both Seychelles and Mauritius are very popular among Forex brokers for their lax regulation requirements.

For example, The key requirements for the Seychelles license are: domestic company in Seychelles with share capital of USD 50,000 and an operational office in Seychelles. The advantages of this license are speed and low cost.

We wouldn’t recommend dealing with offshore regulated brokers, especially when they are banned by regulators in other countries.

In case with Swiss Markets, it was banned by the Spain’s CNMV as it is not authorised to provide the investment services in Spain. It is always better and safer to trade with reliable brokers licensed by Australia’s ASIC, Cyprus’ CySEC or UK’s FCA. For example, the license from UK’s Financial Conduct Authority requires EUR 125,000 of capital for the STP license aside from client deposits. Check the list of the FCA-regulated brokers here.

Swissaz.com Review: Is SwissAZ A Scam Forex Broker?

This is SCAM. Do not open a live account with them!

Пользователь с Oct 28, 2009 1407 сообщений Steve B (stevetrade) Aug 10 2020 at 08:33
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature. Пользователь с Sep 16, 2009 116 сообщений Osiris (kebayamwamba) Jan 10 2020 at 05:19 (Отредактировано Jan 10 2020 at 05:19 )

thanks steve for the advice i was about to make a big mistake. might as well stick with MB Trading or Dukascopy.

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the lure of low spreads!

can the pursuit of wealth be automated? Пользователь с Mar 22, 2020 5 сообщений DevidenProfit (DindaRisha) Mar 24 2020 at 07:25

I have Try My System not with back test but direct forward test to live market and the result i get 1 M % For First Day
If you want to check my account life in demo account you can login with from my investor pasword

Check my Trade here

Name : Dinda Risha
Login : 72111
Server : Demo
Investor : c7esstq (read only password)

you can download first MT4 From this broker

and see how my system work :)

If You have try to see my forward test my account with my investor password, please check about fast quotest move

if you find moving quotes as Broker FXCH let me know, and I will try my system from referred broker to me,

I have tried it on a real account but in profit movement FXCH not as fast as in the demo account, but if there is a suggestion from you I will try it and if my system runs successfully on the broker you suggest I would give the gift system that I use for you

My system works not use technical or fundamental analysis system I work purely by mathematical calculation so i called my super scalping because my open order never more than 5 minutes floating no matter profit or loss :)

all the profit I was there just in vain because I know this broker scam, but I have not yet to find a broker that has quotes and spreads like FXCH, If any advice for me. I would be happy to try it out thanks

Just Buy Or Sell Пользователь с May 04, 2020 6 сообщений s.m selim (smselim) Jun 21 2020 at 09:41

I know this broker from 2 years ago and i have open an real account last years and i have profit some of $8400 USD in 2 days and deposit was 5000$ usd. i have withdrawal all money from this account. because spreads is 1 pip say but they are doing different spreads like 6-12pips some time 30 pips different from other broker. means scam and i have found bad record in peacearmy site. also they give me my money with profit but payment is delay .. when i have withdrawl my all of money amount 13560.49$ USD they are disable my account then i can not trust them any more..
https://forexmoneymanagementcompany.yolasite.com/real-account-results.php

Пользователь с Apr 07, 2020 207 сообщений Blue Marlin (bluemarlin5) Nov 14 2020 at 06:40

FXCH, aka Forex Swiss, is just a name and has nothing to do with Switzerland. and little with Forex !

It is THE SAME company as numberoneforex.com ! And by now it is a known SCAM !
If you download the MT4 of FXCH it looks EXACTLY as numberoneforex.com !
Then if you try to open an account with both ‘brokers’ you will get EXACTLY the SAME account you need to transfer funds to :

Beneficiary Bank: HSBC Hong Kong
Bank Address: 1 Queen’s Road, Central, Hong Kong
SWIFT: HSBCHKHHHKH
Beneficiary Account Name: EUEDEX LTD
Beneficiary Account Number: 817446370838
Beneficiary Address: Wickams Cay 1, Road Town, Tortola, British Virgin Islands

Who else as SCAMMERS need 2 different facdes . Only criminals !
Legitimate buisinesses don’t do that.

A blue marlin in the ocean is like a trader in the markets, no enemies but evil people. Пользователь с Sep 16, 2009 116 сообщений Osiris (kebayamwamba) Nov 17 2020 at 03:45

FXCH is run by Russian Mafia.

They have similiar brokerage firms under EUEDEX

Swissquote Review

For traders who require a multi-asset solution and are willing to pay a premium to have their brokerage account held with a Swiss bank, Swissquote is worth a consideration. Otherwise, Swissquote’s UK-based offering provides a better all-round deal.

Top Takeaways for 2020

After spending five months testing 30 of the best forex brokers for our 4th Annual Review, here are our top findings on Swissquote:

  • Founded in 1996, Swissquote is publicly-traded (SIX: SQN) and regulated in four tier-1 jurisdictions, making it a safe broker (low-risk) for forex and CFDs trading. As a forex broker that also operates two banks, Swissquote takes our top award for best banking services.
  • While Swissquote’s Advanced Trader platform suite is user-friendly, its underlying platform technology needs an upgrade from flash to HTML5. Fortunately, Swissquote offers the full MetaTrader platform suite, which also comes with better pricing.
  • Swissquote offers full support for the underlying trading of crypto-assets like Bitcoin and Ethereum, making it one of our top picks for cryptocurrency trading.

Special Offer:

  • Exclusive market analysis, Trading signals, Fast Execution Try a demo now

Overall Summary

Feature Swissquote
Overall 4 Stars
Trust Score 99
Offering of Investments 4.5 Stars
Commissions & Fees 3.5 Stars
Platform & Tools 4 Stars
Research 4 Stars
Mobile Trading 4 Stars
Customer Service 4 Stars
Education 4 Stars

Is Swissquote Safe?

Swissquote is considered low-risk, with an overall Trust Score of 99 out of 99. Swissquote is a publicly traded company, operates a regulated bank, and is authorised by four tier-1 regulators (high trust), one tier-2 regulator (average trust), and no tier-3 regulators (low trust). Swissquote is authorised by the following tier-1 regulators: Securities Futures Commission (SFC), Monetary Authority of Sinagpore (MAS), Swiss Financial Market Supervisory Authority (FINMA), and the Financial Conduct Authority (FCA). Learn more about Trust Score.

Feature Swissquote
Year Founded 1996
Publicly Traded (Listed) Yes
Bank Yes
Tier-1 Licenses 4
Tier-2 Licenses 1
Tier-3 Licenses 0
Trust Score 99

Offering of Investments

Swissquote was the first bank in the world to add the trading of underlying cryptocurrencies (non-CFDs), including bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple. Swissquote clients can trade ten cryptocurrency pairs from within the Trading account, and with support for withdrawing to external crypto wallets.

It is worth noting that crypto is segmented away in the Trading account offering, along with a vast selection of tradeable markets, yet doesn’t support forex trading. In comparison, the Forex account offering provides a limited range of just 130 tradeable symbols, but supports forex trading. Combining these offerings into one account would be a nice boost for Swissquote’s customer experience.

The following table summarizes the different investment products available to Swissquote clients.

Feature Swissquote
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs) 78
CFDs – Total Offered 52
Social Trading / Copy-Trading Yes
Cryptocurrency traded as actual Yes
Cryptocurrency traded as CFD No

Commissions & Fees

The commissions and spreads from Swissquote’s UK entity, Swissquote Ltd, differ slightly from its Switzerland entity, Swissquote Bank Ltd. Between the two, UK based accounts provide a better deal with the trade-off being a smaller product offering.

UK entity: At Swissquote’s UK entity, if you are an active trader and deposit at least $10,000, the Elite account is available. It comes with a commission of 5 EUR (2.5 per side) per Round-Turn (RT) trade, in addition to low prevailing spreads. This pricing is comparable to other multi-asset brokers that have active trading offerings.

Account comparison: A Standard, Premium, and Prime (Elite in the UK) account are offered at both Swissquote’s UK and Swiss entity. However, the spreads and required minimum deposits are lower in the UK for the same account compared to the Swiss entity, except for the standard account (Premium in the UK), which is accessible with a $1,000 deposit. The most competitive commission-free account for retail traders at Swissquote appears to be the firm’s UK Premium account, which requires a $5k deposit with spreads as low as 0.6 pips.

Execution method: It’s worth noting that Swissquote’s UK entity executes trades on an agency basis (matched-principal). In contrast, the Swiss entity uses a hybrid of both dealing-desk and agency execution when it comes to its forex/CFD offering. No matter how you slice the data, regardless if you are a high deposit active trader or casual mini account trader, Swissquote’s Swiss entity is more expensive. That said, the one drawback to the UK account offering is a more limited offering of tradeable instruments.

Feature Swissquote
Minimum Initial Deposit $1000.00
Average Spread EUR/USD – Standard N/A
All-in Cost EUR/USD – Active N/A
Active Trader or VIP Discounts Yes

Platforms & Tools

Despite touting its proprietary platform suite, Advanced Trader (desktop and web versions), the Swissquote trading experience fails to impress and compete with industry leaders such as IG and CMC Markets. Thankfully, the full MetaTrader suite (MT4 desktop, MT4 web, and MT5) is available as an alternative.

Advanced Trader web: The web-based version of Advanced Trader requires flash, making it unsupported in most major browsers and is in desperate need of an upgrade to HTML 5. During our tests, even after enabling flash, certain features such as charts would not load, even after price data was updating.

Advanced Trader desktop: Looking at the desktop version of Advanced Trader, charts are cleanly designed and come with 49 indicators (17 overlays and 32 studies) alongside 16 drawing tools and integrated chart patterns. While the platform is Java-based, I found certain platform features were not very responsive and didn’t load quickly. Resizing various modules was not as smooth as I would have liked, leaving room for improvement in the user experience in the Advanced Trader platform.

Research

While Swissquote provides a mostly industry standard offering (streaming news headlines, economic calendar, blog commentary), the broker goes above and beyond in quality, helping to differentiate itself from competitors.

Tailored products and content: Swissquote’s quantitative research team helps structure some of its products, such as the exchange-traded certificate for crypto. The group provides analysis and market commentary and publishes a bi-monthly magazine which I found to be of high-quality.

Third-party tools: Swissquote provides traders access to Trading Central, and AutoChartist, which are both popular providers of automated chart pattern analysis and trading signals.

Mobile Trading

Swissquote’s Advanced Trader mobile app is easy to use and cleanly designed. However it lacks in features and overall just meets the industry standard. For traders who prefer not to use Swissquote’s mobile app, MetaTrader is available.

Research: In the Advanced Trader mobile app, research is limited to headlines streaming from the Dow Jones Newswire.

Charts: Shifting to the charting module in the Advanced Trader app, while there are six chart types and various time frames to choose, the charts do not auto-rotate when the phone is in landscape mode, which is disappointing. Also, there are no indicators or drawing tools, and no ability to zoom into chart data (only scroll), which limits the usability of the charts.

Educational content: I was glad to see that instructional videos are available in the Advanced Trader app. Adding market analysis videos would be even better as research is otherwise light in the app as noted above.

Customer Service

To score Customer Service, ForexBrokers.com partnered with customer experience research group Customerwise to conduct phone tests from locations throughout the UK. For our 2020 Review, 330 customer service tests were conducted over six weeks.

Results

  • Average Connection Time: th (22 brokers)

Final Thoughts

All in all, while Swissquote is a trusted, global brand, its Swiss-based forex and CFDs offering is a mixed bag. The best all-around forex trader experience comes through the firm’s UK entity, using the MetaTrader platform.

About Swissquote

Founded in 1996, Swissquote (SIX: SQN) became publicly-listed in 2000 on the SIX Swiss stock exchange and has since grown to be an established banking group with nearly 340,000 client accounts across its subsidiaries that are regulated in Europe and Asia.

With its headquarters in Switzerland, Swissquote Bank offers traders access to over two and a half million products, including shares, ETFs, funds, bonds, warrants, futures, forex, options, and other securities. In addition, Swissquote offers comprehensive wealth management and advisory services. Read more on Wikipedia about Swissquote.

Swissquote Trading Features

Feature Swissquote
Virtual Trading (Demo) Yes
Proprietary Platform Yes
Desktop Platform (Windows) Yes
Web Platform Yes
Social Trading / Copy-Trading Yes
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) Yes
cTrader No
Charting – Indicators / Studies (Total) 51
Charting – Drawing Tools (Total) 31
Charting – Trade From Chart Yes
Watchlists – Total Fields 7
Order Type – Trailing Stop Yes

Swissquote Research Features

Feature Swissquote
Daily Market Commentary Yes
Forex News (Top-Tier Sources) Yes
Weekly Webinars Yes
AutoChartist Yes
Trading Central (Recognia) Yes
Delkos Research No
Social Sentiment – Currency Pairs No
Economic Calendar Yes

Swissquote Mobile App Features

Feature Swissquote
Android App Yes
Apple iOS App Yes
Trading – Forex Yes
Trading – CFDs Yes
Alerts – Basic Fields Yes
Watch List Yes
Watch List Syncing No
Charting – Indicators / Studies 30
Charting – Draw Trend Lines Yes
Charting – Trend Lines Moveable No
Charting – Multiple Time Frames Yes
Charting – Drawings Autosave No
Forex Calendar No

2020 Review Methodology

For our 2020 Forex Broker Review we assessed, rated, and ranked 30 international forex brokers over a five month time period. Each broker was graded on 105 different variables and, in total, over 50,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 1% each year, providing site visitors quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

“There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.” Learn more.

Swissquote Review

Swissquote general information

Switzerland

Founded in: 1996 year
Headquarters:
Minimum Deposit: 1000 $
Website: en.swissquote.com/fx
Website languages:
Execution model: STP
Deposit currency:
Support languages:
Regulated by: FINMA (Switzerland)
Mobile trading:
Affiliate program: Not

Swissquote Forex broker description

Swissquote is a forex trading site that operates under Swissquote which also offers banking services. The forex trader was established in 1996 and with the many years in the business, it has created a strong name for itself in the forex sector.

Trading Accounts

For a trader to be able to execute various trades on the many trading instruments such as currencies, indices commodities, and CFDs, one will require an account. Swissquote has many different account types under its wings to help you with this. These account types are the demo account, the standard account, and the corporate account.

The Swissquote Demo Account

The demo account is a specially designed account that is meant for newbies with little or no information on the forex trading concept. This account type will let on learn about forex trading as well as give them demonstrations using virtual funds to execute trades.

The Standard Account

The Swissquote standard account is the basic account type. This account type is suitable for experienced traders as well as novice traders. Among the features of this account type are:

  1. Minimum position size of 0.01.
  2. Instant execution of trades.
  3. Has a variety of trading instruments from CFDs currencies and metals among others.
  4. No commission is charged at all on this account type.
  5. Locked margin level is at 1%

The Corporate Account

The corporate account is an account type that is run by companies or corporations with interest in forex trading. This account can also be called the professional account and here are some of its many features.

  1. No commissions are charged at all in his account type.
  2. The currency of use is the United States dollar, the euro, the Japanese yen, and the Turkish lira among any others.
  3. Minimum deposit is 1000 units of your respective base currency.
  4. Stop out at 0.5%
  5. Floating spreads.

About The Company and Security Of Funds.

The company, Swissquote as has been earlier indicated is part of the Swissquote companies that also have interests in the banking sector. The forex company was established in 1996 in Switzerland here it still has its headquarters in Gland. Over two decades later since its conception, it has managed to grow in leaps and bounds to become one of the best forex traders around.

It has managed to penetrate the global forex market very efficiently with its presence being all over the globe. It has its offices in Zurich, Bern, London, Dubai, Hong Kong, and Malta. These offices help in the coordination of its activities in their respective regions. This worldwide presence has compelled Swissquote to make necessary changes in making their website versatile by incorporating various languages as well as accepting various currency units. The languages in clued English, Swiss, Dutch Chinese and Arabic with currency units such as the Yuan, the Australian dollar, the united states dollar, the Swiss franc and Turkish lira among many.

In a bid to make its services stand out they have invested in the best workforce. The workforce is made up of qualified and dedicated employees who will ensure that each client’s respective needs has been given the audience and it has been solved to the client’s satisfaction. They may also occasionally offer advice as well as tips on how to trade where the need arises.

Swissquote is a credible and legitimate company that is licensed to operate in all the areas it runs its operation. It has met all the regulations set for it in order to be on the right died of the law. Among the notable licenses in its possession include:

  1. A clean bill that allows its operation Switzerland by the Swiss financial market supervisory authority (FINMA)

In keeping up with the set policies, it has formulated measures that will ensure the safety of clients’ funds. These measures are:

  1. Use of segregated bank accounts to separate clients funds from their company operating funds.
  2. Negative balance protection.
  3. Putting clients funds in entrusted and credible banks

Trading Conditions

Commissions

No commissions are charged at all on Swissquote.

Minimum Initial Deposit

The minimum initial deposit stands at $1000 which will serve as your base capital for trade executions.

Margins

The margin call is at 0.5% while the locked margin level is at 1%.

Trading Platforms

To improve the clients’ trading experience, Swissquote has invested in the topnotch trading platforms that come with various features. These trading platforms are as follows.

Advanced Trader

The advanced trader platform is a platform that has been designed for professional traders and has the following features.

  1. Customizable trading interface.
  2. Has charts that help in trading analysis.
  3. Pattern detection that is good in analytics and will provide a clear picture on lucrative trades.
  4. Combines the stop order with the limit order.
  5. Has both the web and mobile platforms.
  6. Allows for hedging upon request.

Meta Trader 4 And 5

The Meta trader platforms are among the best when it comes to trading and come with a lot of lucrative features under them. Swissquote uses both versions and the following are their features.

  1. Great analysis and charting tools.
  2. Allows for automated trading.
  3. Has two type of orders that you can pick from, instant and market execution.
  4. It has both the web and mobile platforms.
  5. Allows for hedging

Promotions

The following are the promotions that are currently running at Swissquote’s site.

  1. The CHF100 trading credit to you and a friend that you have referred.

Withdrawals And Deposits

Depositing of funds to your account is very easy and it accepts payments from 3 methods which are e-banking, credit card, and China UnionPay. On credit cards, you can use your visa card or MasterCard to transact.

Withdrawals are also easy and you will simply request for the funds to a chosen payment mode. There are some little payment fees that you may incur while withdrawing and is dependent on factors such as the amount and also the currency.

BRIEFLY ABOUT Swissquote

A look at Swissquote’s customer comments and reviews will give you a perfect picture of this specific broker. This is a very credible forex broker that I would strongly recommend to anyone who wants to try his or her hand in forex trading. Their services are superb more so in customer care which enhances the overall customer experience

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