SwissCap Review – What Tricks Swisscap.pro Broker Practices?
SwissCap Review – What Tricks Swisscap.pro Broker Practices?

With UK-based brokerages, the investigation is much easier. Traders usually expect all UK firms to be legit due to strict laws and regulations. Yet, that’s not the case. Or, simply, those are not even registered in the UK.

These are just the starting points you have to watch out for. But to find out all the perks and flaws, we strongly recommend you read this Swisscap review carefully.

Regulated By: No Regulations
Is This Company Safe? No
Known Websites: https://swisscap.pro/
Have Warnings From: N/A
Registered In: UK (allegedly)
Operating Since: 2023
Trading Platforms: WebTrader
Maximum Leverage: 1:400
Minimum Deposit: $5.000
Deposit Bonus: N/A
Trading Assets: Cryptos, forex, indices, shares, commodities
Free Demo Account: Not Available
How To  Withdraw From This Company? Withdrawing funds from unregulated brokerages can never be as smooth as you would expect. So, at first glance of a problem, contact our chargeback team for consultation.

Legal Info: Is SwissCap Legit Or A Scam?

With fancy design and lucrative ad campaigns, it’s quite easy to attract traders. But that’s not what defines a broker as legit. Instead, you should look for security and transparency from their side. Traders have to remember that all UK brokerages must have an FCA license. Otherwise, they can’t provide services there. Sadly, this company was not found in the Financial Services Authority register.

If they had any other top-tier license, the hope wouldn’t be completely lost. Yet, they don’t. Consequently, protection measures become highly questionable — if there are any at all.

Who Are SwissCap’s Victims?

Important to realize is that SwissCap reviews practically don’t exist. This means the company was registered recently, which can be confirmed by their domain age. They have been only one month into the business and mainly targeting traders from: 

  • Italy
  • Spain
  • Switzerland
  • Portugal

All of the mentioned countries have top-tier regulators. Thus, none of them issued a license to the SwissCap broker. If you are a victim of this broker, our refund team is available for refund consultation. Meanwhile, you can check more trading tips in our FXGM review.

Leverage, Commissions, Spreads, Fees and Taxes

Even if you don’t look for the company’s license, you can realize they are not legitimate. This is primarily because of the leverage of up to 1:400. Yet, FCA and ESMA regulations allow a maximum of 1:30 for brokers that offer services in Europe.

When it comes to costs, the SwissCap scam broker has been quite conservative. Fees, swap rates, commissions, and non-trading-related fees are not disclosed. The only transparent thing is the spread starting from 0.8 pips. But in our experience, it’s rarely that low.

Bonuses

Since the company doesn’t provide transparent legal documents, we can’t see if any bonus conditions are revealed. That’s also another thing that would be forbidden if the SwissCap regulation existed. 

Anyway, don’t fall for cheap tricks like extra funds added to your account. It never ends well.

SwissCap Trading Features

Apparently, the company offers an easy-to-use, intuitive trading platform MT4 WebTrader. Thus, that’s far from reality. The only available features are the basic ones, like setting up trading and pending orders, risk management tools, and basic customization options. Yet, those options are only available due to TradingView imported charts.

Trading Platforms Available

As mentioned, the platform this broker offers is far away from MT4. It’s just a misleading fact that should attract traders to deposit with them. 

The web-based platform you can use with this broker will keep you far away from SwissCap withdrawal. Primarily because such platforms are easily manipulated. In the blink of an eye, their boiler room agents can make you lose everything. But in the end, it was all fictive anyway in the first place.

Available Trading Assets

If you are with this firm only for their trading assets, don’t bother. Any other broker offers pretty much the same. Except for the fact that many other brokers have Tier 1 licenses, and this one doesn’t. Anyway, the company’s offer consists of: 

  • Forex – USD/GBP, EUR/CHF
  • Commodities – platinum, aluminium
  • Indices – ASX200, FTSE100
  • Shares – Walt Disney, VISA
  • Cryptos – BTC, DOT, XRP

Account Types

The only benefits revealed in SwissCap account types are the trading central investment research and analytics and monthly sessions with a senior market analyst — a fake one, of course. Yet, they will expect you to deposit $100k for that. 

Even though it appears the minimum deposit is quite high, this swindler will most likely accept anything above $250 to get you started. All options are: 

  • Standard – $5.000
  • Silver – $25.000
  • Gold – $100.000

Mobile Trading App

If you watch some day traders, you will realize many of them also use their mobile apps for trading. Especially if they are not on their desktop devices. Therefore, trusted iOS And Android apps can make a huge difference. 

Unfortunately, without MT4 being available with this firm, such options are lacking here.

Demo Account

On the positive side, access to the company platform is free and doesn’t require registration. Thus, without or with registration, you won’t have a demo account feature. Most likely, it is because the company wants to hide the fees they will implement.

Education

No matter what tools you are using, education is the number one priority when it comes to trading. Sadly, with this broker, you can only get the aforementioned session with the fake senior market analyst. Only one per month if you deposit $100k.

SwissCap Withdrawal

With missing withdrawal policy, general T&Cs, and regulations, you can forget about withdrawals from this broker. If the company wanted to provide services genuinely, it would be licensed in the first place. 

Nevertheless, with unknown procedures, methods, fees, and processing time, any possible excuse for declining withdrawal is in play.

Customer Support

You can get in touch with the brokerage through e-mail and the call center line. But keep in mind that both services are available only during business hours. However, if you are requesting withdrawal assistance, you might not hear from them at all.

Key Information To Consider About SwissCap

In a nutshell, the company is not licensed, and that’s all you have to know. Everything else about them is highly speculative and most likely fake. In case you know more about their services and activities, let us know.

Also, feel free to contact our refund team if you think the company is declining your withdrawal request without a reason. We know it can be painful watching your money go away. Still, you can do something about it already today. Send us a message and book your free consultation with our team.

FAQ Section

What is SwissCap?

SwissCap is an investment firm offering FX and CFD trading services with alleged headquarters in London, UK.

Is SwissCap Regulated?

No. SwissCap scam brokerage is not authorized by any trusted regulator to provide trading services.

How to Withdraw Money From My SwissCap Account?

Since regular withdrawals will most likely give you issues, we suggest you apply for a refund immediately. For detailed guidance contact our chargeback specialists.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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