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Swissinv24 Review - is it scam or safe?

Swissinv24 review - Is swissinv24.com scam or good forex broker?

RATING: 1 / 6 REVIEWS ForexBrokerz Swissinv24
Swissinv24 is an offshore broker. Your money is not safe.

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Swissinv24 is a unregulated forex and CFD broker, owned by an offshore company, but operated form Bulgaria. And because we have some very serious suspicions about the legitimacy of the broker, be sure to read this review, if you are planing to open an account with them.

 

Account type Min. deposit Max. leverage Spreads
Mini Account $500 1:50 1,9 pips
Standard Account $5001 1:50 n/a
Gold Account $10 001 1:50 n/a
Platinum Account $15 001 1:50 n/a

 

Swissinv24 Advantages:

 

Over 50 forex pairs, many of which exotic

 

Talking about advantages the variety of currency pairs is one for sure. On the Swissinv24 trading platform we counted 54 currency pairs, at least half of which exotic, including USDRON, USDSEC, USDZAR, USDILS, USDNOK, USDRUB, USDMXN, USDCZK, USDPLN, USDHUF, USDBRL, USDTRY, USDDKK, USDCNH, USDSGD and USDHKD. 

 

And also we came across CFDs gold, silver, oil, natural gas, 7 indices and some agricultural commodities. Still, there were no crypto CFDs, so if you are interested in  trading crypto you can check our list of brokers trading with Bitcoin CFDs:

 

>>Bitcoin Forex Brokers<<

 

Over 20 payment methods accepted

 

Swissinv24 accepts payments with credit and debit cards like VISA and MasterCard, bank wire and a variety of e-wallets including Poli, TrustPay, TicketSurf, teleingreso, SporoPay, Sofort, Przelewy24, Neosurf, Multibanco, Bancontact, iDeal, GiroPay, Euteller, ePS, ePay, eKonto and AbaGood. However we were not able to find Neteller and Skrill in the list, which is notable, because of the new antis-cam policy adopted by Skrill, according which only licensed brokers can use its service in Europe.  As we noted Swissinv24 is not regulated. 

 

Also there is no option to pay with bitcoins, so here you may check our list of brokers, accepting bitcoins:

 

>>Forex Brokers Accepting Bitcoin<<

 

MetaTrader4 supported

 

Swissinv24 offers the MetaTrader4 platform as well as a web based platform and that is also a positive. MetaTrader4 is one of the most reliable and widely used trading platforms, featuring advanced charting tools, numerous market indicators as well as customizable trading bots, with which one may easily run automated trading sessions. Besides, here you may also check our list of brokers supporting MetaTrader4:

 

>>MT4 Brokers<<

 

Swissinv24 Disdvantages:

 

No license

 

Swissinv24 is owned and operated by Swissinv24 Ltd, which is registered on the Marshall Islands. However, the broker provides a contact address in Bulgaria, form where its operations are probably run. In any case Swissinv24 is not regulated by any official financial authority and does not have legal right to offer its services on regulated markets like the European Union, the UK, USA, Australia or Japan.

 

Trading with unregulated brokers has always being associated with an unacceptably high risk of loosing your money to scammers. 

 

Brokers, properly licensed by an official regulator such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC) on the other hand do guarantee the safety of traders money, because they are subject to strict regulations, among which to maintain a certain minimum operational capital, to keep all clients finds in a segregated, trust account, to file regular reports, to allow external audits, to give traders a negative balance protection and in some cases even to insure traders funds. 

 

Thus for example, if you trade with a broker regulated in EU, let say by CySEC in Cyprus, your funds will be insured up to 20 000 EUR, while if you trade with a FCA broker your insurance policy will cover 50 000 GBP. Beside here you may check our list of FCA regulated brokers:

 

>>FCA Regulated Forex Brokers<<

 

High spreads

 

As tested with a demo account on the MetaTarder4 platform the bench mark EURUSD spread floated about 1,8 pips – 1,9 pips, which is half a pip higher than the levels traders usually expect with a standard account. Besides, when we tested the web based platform spreads were even worse – fixed at 3 pips. So, here you may want to check our list of brokers, offering tighter spreads:

 

>> Lowest spread forex brokers<<

 

High minimum deposit requirement

 

The minimum deposit to start trading with Swissinv24 is set at 500 USD and that is twice higher than the initial investment most brokers require. Besides, with some big players like FBS and IG you can star trading with virtually 5 USD .

 

Conclusion:

 

Trading with unregulated brokers like Swissinv24 has always been risky as they are not accountable for the way they handle your money. On top of that quite often unregulated, offshore brokers offer trading bonuses, which are always linked to some special withdraw conditions that are usually used as a pretext to cancel your withdraw request. Besides the practice of offering trading bonuses is prohibited on regulated markets like the EU.

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Traders` reviews for Swissinv24

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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Swissinv24 Truffa

Anche io sono stata truffata.. 17 milla persi .. come posso recuperarli??

Translated by Google:

Fraud
I too have been scammed .. 17 thousand lost .. how can I recover them?

Silvia 06/13/2019

Truffa Swissinv24

Mi hanno mandato il conto in rosso aprendo operazioni da remoto srnza mio consenso. Cosa mi consigliate di fare oltre denuncia?

Translated by Google:

Fraud

They sent me the bill in red, opening remote transactions without my consent. What do you advise me to do further than complaint?

Felice 05/12/2019

Swissinv24 truffa

Buongiorno, anche io sono stata truccata da swissinv24. Ho investito parecchi soldi fino a quando ,dopo una serie di operazioni andate in negativo fatte dal consulente, il conto e' andato sotto di 28 mila euro . Cosa posso fare adesso ? Voi come vi siete mossi? Mi serve aiuto . Grazie.

Translated by Google:

Good morning, I was also made up by swissinv24. I invested a lot of money until, after a series of negative operations carried out by the consultant, the account went below 28 thousand euros. What can I do now? How did you move? I need help . Thank you

Ursula 04/09/2019

Swissinv24 scam

state lontano da swissinv 24, i vostri soldi possono finire in polonia, la piattaforma è una vera truffa, il portale clienti, ha un numero inesistente e se andrete a prelevare non arriveranno mai i soldi sul vostro conto. non dicono dove si trovano, nell'indirizzo risultano in Svizzera ma è una vera banda dei paesi dell'est. quando ho capito e dopo molte insistenze per riavere i miei soldi,ma la ragazza continuava ad aprire molte operazioni,ho voluto distruggere il mio capitale, ho tentato di contrattare con diverse proposte, infine ho intaccato il bonus equivalente, la ragazza ha cercato di truffarmi ulteriormente chiedendo molti soldi ma non ho più immesso un centesimo.Ha cercato di mettermi in tensione e nel frattempo tentava di recuperare il bonus, ma sperando in un mio cedimento ha lasciato crescere in negativo un'operazione finchè ha raggiunto una perdita ingente, ha immesso lei stessa almeno 7000 euro, l'operazione è stata chiusa dalla piattaforma quando ha raggiunto oltre 90000 euro in negativo. è stato penoso vedere che dopo un giorno il grafico ha preso la discesa a picco e avrebbe recuperato, ma due operazioni in buy. ha distrutto tutto il capitale. la ragazza avrà molti soldi da restituire.il danno si, la beffa no. per chi si interessa a questo genere di mercato per la prima volta è molto pericoloso per l'ignoranza. esperienza terrificante .

Translated by Google:
stay away from swissinv 24, your money can end up in poland, the platform is a real scam, the customer portal, it has a non-existent number and if you are going to withdraw it will never reach the money in your account. they do not say where they are, in the address they are in Switzerland but it is a real band from the eastern countries. when I understood and after many insistence to get my money back, but the girl continued to open many operations, I wanted to destroy my capital, I tried to bargain with different proposals, finally I affected the equivalent bonus, the girl tried to cheat me further asking for a lot of money but I didn't put in a cent anymore. He tried to put me in tension and in the meantime tried to recover the bonus, but hoping for my failure he let a transaction grow in negative until he reached a huge loss, he entered she herself at least 7000 euros, the operation was closed by the platform when it reached over 90000 euros in negative. it was painful to see that after one day the chart took the peak and recovered, but two buy-in transactions. destroyed all the capital. the girl will have a lot of money to repay. the damage yes, the joke no. for those interested in this kind of market for the first time it is very dangerous for ignorance. terrifying experience.

onorina sanna 03/23/2019

Fraud of swissinv24

Hello, I was frauded by Swissinv24.my existence is endangered in case of them. He also offers supposed insider trading information and wanted deposits over possibilitys and credits. For payout of the deposits he want also 10% of that investment for account management.
That's a sneaky fraud to get your money and never pay something out.
I hope that I will get once my money back.

Andreas Kunstmann 03/17/2019
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