Score

1.80 /10
Danger

Swissco

Cyprus

2-5 years

Suspicious Regulatory License

cTrader

Suspicious Scope of Business

Suspicious Overrun

High potential risk

D

Add brokers

Comparison

Expose

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.71

Risk Management Index0.00

Software Index7.02

License Index0.00

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Demeterer Europe Ltd

Company Abbreviation

Swissco

Platform registered country and region

Cyprus

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2025-11-11
  • It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
  • The broker's claimed South AfricaFSCA regulation (Regulation Number: 50354) has not been verified. Please be alert to the risks!

WikiFX Verification

Swissco · Company summary
Swissco Review Summary
Founded2001
Registered Country/RegionCyprus
RegulationFSCA (Suspicious clone)
Market InstrumentsStocks, indices, commodities, forex, ctyptos
Demo Account
Leverage/
Spread/
Trading PlatformWebTrader/cTrader/Mobile Trading
Minimum Deposit/
Customer SupportLive chat, contact form
Email: support@swissco.com
Regional RestrictionsUS

Swissco Information

Swissco is a suspicious clone broker, offering trading on stocks, indices, commodities, forex and ctyptos with demo accounts on WebTrader/CTrader/Mobile Trading platforms.

Swissco's homepage

Pros and Cons

Pros Cons
Various trading instrumentsSuspicious clone FSCA license
Demo accountsNo MT4/MT5 platforms
cTrader platformUS clients are not allowed
Commission fees charged

Is Swissco Legit?

Swissco is licensed by FSCA to offer services, but suspicious clone. Please be aware of the risk!

Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
South Africa
Financial Sector Conduct Authority (FSCA)Suspicious CloneDEMETERER (PTY) LTDFinancial Service Corporate50354
Suspicious Clone FSCA license
Domain information

What Can I Trade on Swissco?

Swissco offers trading on stocks, indices, commodities, forex and ctyptos.

Tradable Instruments Supported
Stocks
Indices
Commodities
Forex
Cryptos
Bonds
Options
ETFs
What Can I Trade on Swissco?

Account Type

Here are three account types Swissco offers: STP Bronze, STP Gold, and STP Silver. But the minimum deposit requirements are not specified.

Account comparison

Swissco Fees

Account TypeCommissions
STP Bronze$6/lot
STP Gold
STP Silver$2/lot

More detailed info can be found via https://swissco.com/account-types-3/

Trading Platform

Trading PlatformSupported Available Devices Suitable for
WebTrader iOS, Android/
cTraderDesktop, mobile, iPad/
Mobile TradingiOS, Android/
MT4/Beginners
MT5/Experienced traders
Trading Platform
Trading Platform
Trading Platform

Deposit and Withdrawal

Swissco accepts payments via MasterCard, Maestro, VISA, Skrill, Neteller, Verisign, etc.

No minimum deposit or withdrawal amount defined and no fees or charges specified.

Payment options

User Reviews

More

User comment

3

Comments

Write a review

FX2500990611
more than one year
I started trading with them for 1000 USD. Initially, they showed me a promised return, but when I invested, the adviser guided me in a different direction. I had no experience or investment knowledge, so I believed my adviser and acted on his advice. I was successful for around a week, and the adviser complained about my capital and told me that it was not enough to grab all the opportunities. I was not confident in taking more risks, so I avoided his advice on adding more funds to the account. Finally, he succeeded, and I added 4000 more USD to my account. I was successful and could convert 5000 USD to 12000 USD in the first month. Then he started trapping me, and I caught on one trade. After that, he advised me to add at least 5,000 more USD to save money. By then, I had some idea about trading and was proposing a few other options, but I did not have confidence because of my lack of experience. He took advantage of that and convinced me to add 5000 more to the account, ending with 10000 USD in total investment. After about three months of experience, I had a much fairer idea about trading. I started avoiding conversations with my adviser because, by that time, I could understand all his strategies. He intended only to add funds to the account and did not want to educate me on trading strategy or let me take profit. By the end of Q3 2024, my account had more than 1700 USD in equity, and I had hedged my platinum trade because I was uncertain about the
I started trading with them for 1000 USD. Initially, they showed me a promised return, but when I invested, the adviser guided me in a different direction. I had no experience or investment knowledge, so I believed my adviser and acted on his advice. I was successful for around a week, and the adviser complained about my capital and told me that it was not enough to grab all the opportunities. I was not confident in taking more risks, so I avoided his advice on adding more funds to the account. Finally, he succeeded, and I added 4000 more USD to my account. I was successful and could convert 5000 USD to 12000 USD in the first month. Then he started trapping me, and I caught on one trade. After that, he advised me to add at least 5,000 more USD to save money. By then, I had some idea about trading and was proposing a few other options, but I did not have confidence because of my lack of experience. He took advantage of that and convinced me to add 5000 more to the account, ending with 10000 USD in total investment. After about three months of experience, I had a much fairer idea about trading. I started avoiding conversations with my adviser because, by that time, I could understand all his strategies. He intended only to add funds to the account and did not want to educate me on trading strategy or let me take profit. By the end of Q3 2024, my account had more than 1700 USD in equity, and I had hedged my platinum trade because I was uncertain about the
Translate to English
2024-04-11 18:33
Reply
0
0
jonas359
more than one year
Hello, so I tried the Swissco platform. At the beginning I was a little skeptical, mainly because it is not regulated in the Czech Republic. After registration, I decided to trade through the cTrader application, which is really fast and intuitive. Orders were processed quickly and without problems. The disadvantages are clear - no regulation in the Czech Republic. This means that in case of problems you cannot turn to the Czech regulatory authority. But otherwise I was overall satisfied. The platform offers a wide range of products and services, including stocks, cryptocurrencies and forex. Orders are processed quickly and without problems. The cTrader application is really nice, you can work with it well. In my view, Swissco is a good choice for traders who are willing to accept higher risk and want to use a modern and intuitive platform. Rating: 3.5/5 Recommendation: If you are willing to accept higher risk and want to use a modern and intuitive platform, then Swissco is a good choice for you. But if you are looking for a platform with Czech regulation, then it is better to look elsewhere.
Hello, so I tried the Swissco platform. At the beginning I was a little skeptical, mainly because it is not regulated in the Czech Republic. After registration, I decided to trade through the cTrader application, which is really fast and intuitive. Orders were processed quickly and without problems. The disadvantages are clear - no regulation in the Czech Republic. This means that in case of problems you cannot turn to the Czech regulatory authority. But otherwise I was overall satisfied. The platform offers a wide range of products and services, including stocks, cryptocurrencies and forex. Orders are processed quickly and without problems. The cTrader application is really nice, you can work with it well. In my view, Swissco is a good choice for traders who are willing to accept higher risk and want to use a modern and intuitive platform. Rating: 3.5/5 Recommendation: If you are willing to accept higher risk and want to use a modern and intuitive platform, then Swissco is a good choice for you. But if you are looking for a platform with Czech regulation, then it is better to look elsewhere.
Translate to English
2024-01-15 17:32
Reply
0
0