Swiss Capital Review
The crypto and forex broker Swiss Capital has several financial instruments to offer on four trading accounts. The broker remains uninformative about offered trading conditions and who operates the brand. High initial depositions are required to operate the provided accounts. In return, the broker provided high maximum leverages. If any of our followers want to start trade with it they must prefer reading this unique and impartial Swiss Capital review first.
About Swiss Capital:
The facilitated trading accounts are four and named as Basic, Advanced, Expert, and Capital that need higher initial investments of €5k, €25k, and €75k. Sadly the required initial funding for a premium account Capital is not disclosed. To formulate impartial and unique review we should talk about all the possible advantages and disadvantages of the Swiss Capital. Major advantages of Swiss Capital is many financial instruments and availability of solid leverages. CFDs over many cryptocurrencies are provided by it and they are Bitcoin, Litecoin, Ethereum, Ripple and others. The leverages offered by Swiss Capital climb as high as 200:1. They really generous, however, they are controversial also. Traders can quickly lose all the available funds with high leverages. Therefore must be traded patiently. Also, higher leverages are banned in regulated brokerage markets.
The major disadvantage of Swiss Capital is its anonymity. The broker fails to convey information about the owner of the brand and regulatory authority. The official website only features the Swiss Code based telephone number. From that, we could not conclude anything. The broker is blacklisted by the Swiss financial authority FINMA. The broker falsely alleges that it offers quality and transparent services. It does not share information about the provided trading conditions to its potential clients. The broker further clarifies that it provides trading conditions to those traders they call themselves. In addition to it, the broker fails to offer a free demo account. That is yet another scam hint as traders have to deposit first to know trading conditions. The provided trading platform of Swiss Capital is unproven and web-based. Swiss Capital charges salty inactivity fee of 10%. Also, the required initial funding are high.
Is Swiss Capital scam or legit?
The broker Swiss Capital is anonymous and from where it operates is not disclosed. The broker is unregulated and blacklisted by FINMA a Swiss financial watchdog. Trading condition of poor quality is provided. A web-based trading platform with high initial deposits is offered. No demo account offered, all of this makes it a potential scam cryptocurrency broker.