SwissMarketFX Review: Security Measures and Regulatory Compliance
While promising success, innovative trading technology, and a myriad of trading assets, SwissMarketFX forgot just one thing – to mention the regulation. Yet, we are here to expose all the details and let you know what to do if you have been a fraud victim. Read our SwissMarketFX review for further details.
|Broker status:||Unregulated Offshore Broker|
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||N/A|
|Owned by:||Tikmedia LLC|
|Headquarters Country:||Saint Vincent and the Grenadines|
|Supported Platforms:||Web trader|
|Types of Assets:||FX, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||Yes|
|Accepts US clients:||No|
SwissMarketFX Regulations and Security
SwissMarketFX is a brand of Tikmedia LLC from Saint Vincent and the Grenadines. While its name might mislead you to believe you’re dealing with a legit Swiss company, the reality is much different. In fact, SVG has no financial regulator, meaning that SwissMarketFX is unregulated by default. We searched through the FCA, ASIC, BaFin, and several more Tier1 registers to make sure this company was not there, and as expected, found nothing.
Beware of SwissMarketFX scam and similar bogus brokers who will mislead you in many ways just to extort your money.
Fund Withdrawal Issues With SwissMarketFX
When deciding whether you should trust the brokerage or not, the main thing to look for is the regulation. Tier1 regulators make sure that each company has a compensation fund used to reimburse clients in case of any withdrawal issues. Since that’s not the case with SwissMarketFX, we have lots of complaints and no solutions.
According to SwissMarketFX reviews, this company is not letting clients withdraw their funds and going even a step further. Once someone submits a withdrawal request, the broker suspends their account and makes sure they will never get the money back.
If you experience something similar, let us know. We need to file a dispute and request a chargeback.
Traders About SwissMarketFX Scam
Besides withdrawals, traders have their mouths full of SwissMarketFX bad trading conditions, too high leverage, inadequate web trader, and more. Instead of providing a trustworthy platform such as MT4, this company offers a TradingView chart with several indicators, calling it a web trader. However, once you try to use tools such as Take Profit and Stop Loss, you will understand what kind of a platform you’ve been given. Since your trades will remain open, you will virtually every time end up in a loss.
How To Know If You Have Been Scammed Online?
As we already discussed, withdrawal issues with SwissMarketFX broker are sure scam signs. Besides, if you have issues using a web trader and your account manager refuses to assist you or experience any other technical/login issues, it might be a fraud. You should report it immediately and make sure not to lose your money. After all, nobody starts trading to end up losing. To ensure everything will be safe, make sure to check your broker before investing any money. If, despite everything, you fall victim, let us know, and we will guide you on how to get your money back.
Scammed by SwissMarketFX?
If you were scammed by SwissMarketFX, let us know. Our chargeback specialists will help you collect the evidence, file a dispute, and request your funds back.
But What Is A Chargeback?
It’s a way for your bank to reverse the transaction and get your money from the merchant. For further information, contact us via online chat and book a free consultation. Don’t let scammers run with your hard-earned money, let’s fight back
What is SwissMarketFX?
In simple terms, this is an online trading brokerage without financial regulation.
Is SwissMarketFX a scam broker?
Yes, SwissMarketFX is based offshore and has no regulation for providing financial services.
Is SwissMarketFX regulated?
No, SwissMarketFX is not regulated and provides financial services illegally. Don’t fall for this scam broker!