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Swiss24

Swiss24 | 2024-11-27 11:35

Abstract:Swiss24 was registered in 2020 in the UK, offering trading in Forex, Commodities, Indices, CFDs, Shares, and Cryptocurrencies. It uses its own web-based trading platform, and the maximum leverage is 1:500, which is relativley high. Moreover, it is not regulated, and the risks cannot be ignored.

Note: Swiss24's official website https://swiss24.io/ is currently inaccessible normally.

Swiss24Review Summary
Founded2020
Registered Country/RegionUK
RegulationNo regulation
Market InstrumentsForex, Commodities, Indices, CFDs, Shares, Cryptocurrencies
Demo Account/
LeverageUp to 1: 500
Spread/
Trading PlatformWeb-based
Min Deposit500 EUR
Customer SupportTel: +44 74 3521 5611 (English); +44 20 4501 0097 (Italian)
Email: support@swiss24.io
Address: 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica

Swiss24 was registered in 2020 in the UK, offering trading in Forex, Commodities, Indices, CFDs, Shares, and Cryptocurrencies. It uses its own web-based trading platform, and the maximum leverage is 1:500, which is relativley high. Moreover, it is not regulated, and the risks cannot be ignored.

Pros and Cons

Pros Cons
Various trading productsInaccessible website
Lack of regulation
Not supported by MT4 or MT5
High minimum deposit

Is Swiss24 Legit?

No, Swiss24 is not regulated by financial regulatory authorities in the UK. What's more, the Financial Conduct Authority (FCA) issued a warning notice, which says that Swiss24 is a clone firm of Swiss Investment Corporation Limited, and the latter is a regulated company.

FCA warning
FCA warning

What Can I Trade on Swiss24?

Swiss24 provides a variety of products, such as forex, commodities, indices, CFDs, shares, and cryptocurrencies.

Tradable Instruments Supported
Forex✔
CFDs✔
Commodities✔
Indices✔
Shares✔
Cryptos✔
Bonds❌
Options❌
ETFs❌

Leverage

The leverage can be up to 1:500, which is relatively high. Careful considerations are recommended, because the potential risks are likely to be high when the leverage is high.

Trading Platform

Swiss24 uses its own web-based trading platform, and it does not support MT4 or MT5.

Trading PlatformSupported Available Devices Suitable for
Web Trader✔Web/
MT4❌/Beginners
MT5❌/Experienced traders

Related broker

No Regulation
Swiss24
Company name:Axis Solutions LTD
Score
1.48
Website:https://swiss24.io/home/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.48

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