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Swiss Markets

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    Fake broker Swiss Markets – service evaluation, reviews from ex-clients, scam algorithm

    Swiss Markets offers a variety of trading tools, but lacks analytical support and educational resources. Some users also express dissatisfaction with the quality of service and limited withdrawal options.

    Status

    Broker

    Date grounds

    2016

    Affiliate program

    Yes

    Regulation and jurisdiction

    Regulated by the Seychelles Financial Services Authority (SFSA) and the Financial Services Commission (FSC) of Mauritius

    Website

    global.swissmarkets.com

    Contacts

    [email protected]

    +44 20 3808 8064

    Pros
    • Accepts clients from many countries around the world, providing them with the opportunity to trade on financial markets.
    • The company offers a variety of trading options, including currency pairs, precious metals, indices and others.
    Cons
    • Working in offshore jurisdictions is often associated with a lack of strict financial controls and transparency.
    • Swiss Markets does not accept clients from certain countries.
    • Some customers complain about the quality of the platform, high spreads and problems with withdrawals, which raises questions about the reliability and integrity of the company.
    Trading Platform

    MetaTrader 4

    Types of accounts

    Classic STP, Raw STP 11, Raw STP 8, Raw STP 5

    Currency

    USD, EUR, GBP

    Deposit/withdrawal

    Bank cards, electronic payment systems, Internet banking

    Min Deposit

    $200 (Classic STP) – $10,000 (Raw STP 5)

    Leverage

    1:500 (Classic STP) – 1:200 (Raw STP Swiss11, Swiss8, Swiss5)

    Min order

    1 (Classic STP) – 0.01 (Raw STP Swiss11)

    Spreads

    From 0.9 points (Classic STP) – from 0 points (Raw STP Swiss11, Swiss8, Swiss5)

    Financial Instruments

    Currency pairs, precious metals, stock indices

    Trading Features

    Limited analytical and educational resources, dissatisfaction with the quality of service

    The history of the Swiss Markets scammer

    Service was founded in 2016. The company’s main goal is to become a leading brand in the online trading industry. The company is committed to creating a competitive environment where customers can enjoy secure, transparent and reliable STP (Straight Through Processing) trading. BDS Markets is authorized and regulated by the Financial Services Commission of Mauritius.

    The company considers its traders its most valuable asset and invests in customer satisfaction to strengthen its reputation. Transparency and fair trading are the core principles of Swiss Markets. The broker supports the STP model, which means that all client orders are immediately transferred to liquidity providers.

    The project offers CFD trading services on a range of underlying assets, including Forex, metals, energy, commodities and indices. Committed to offering low-cost trading with some of the lowest spreads in the markets. Customer education is also a priority, providing enhanced educational resources including seminars and webinars.

    Communication methods

    The office offers the following contact methods:

    • hotlines;
    • emails;
    • office address, but note that the specified geolocation is fake.

    At the same time, the organization does not offer faster methods of communication. For example, there is no online chat, instant messengers or social networks.

    Terms of cooperation Swiss Markets

    The company offers only two types of accounts.Both of these accounts follow the direct order processing (STP) model. Here are the basic conditions for each of them:

    • STP Classic Account. Base currencies: EUR, USD, GBP. Contract size: 1 lot = 100,000. Leverage: Up to 1:500. Spread on EUR/USD: from 0.9 pips. There is no commission. Maximum number of open/pending orders per client: 200 orders. Minimum trading volume: 0.01 lots. Limit of lots per order: 50. Minimum deposit: $200;
    • RAW STP – Swiss 11. Contract size: 1 lot = 100,000. Leverage: Up to 1:200. Spread on EUR/USD: from 0 pips. Commission: 11. Maximum number of open/pending orders per client: 200 orders. Limit of lots per order: 50.

    There is very little information on the official website swissmarkets.com regarding trading conditions.

    Swiss Markets divorce algorithm

    Now let’s talk about how the company scams traders out of money. It should be said right away that the company acts like the most classic swindler. The management did not create any unique approach, at the same time it produces results – this is the main thing.

    • pattracting clients. The service attracts users by masquerading as a reliable broker. They use promises of high returns and ease of trading to attract naive and inexperienced users;
    • registration and verification. After attracting clients, the company requires them to fill out personal data and go through a verification process;
    • refill. Clients make a deposit to start trading. The minimum deposit is 200 USD, if you study the comments, the broker sometimes makes concessions and offers to open an account with the most favorable limit;
    • clients are given access to a trading terminal offered by the broker. However, in reality, trading turns out to be ineffective due to technical problems, high spreads and commissions;
    • problems with withdrawal of funds. When clients try to withdraw their funds, they encounter obstacles. Swiss Markets either refuses payment or requires additional fees, which makes withdrawal of funds almost impossible;
    • blocking accounts and ignoring clients. In case of persistent attempts by clients to return their funds, the office may block their accounts and stop any communication.

    Swiss Markets uses a variety of manipulative techniques, including promises of high returns, masquerading as a reputable broker, and complex withdrawal procedures to keep clients’ money and avoid payouts.

    Next, we invite you to familiarize yourself with the intricacies of conducting a forced transaction. Fill out the form andwrite to us. Our employees will describe in detail the nuances of conducting a chargeback. And this will significantly increase your chances.

    Expert opinion

    Eugene Rudenko

    Based on the information obtained during the analysis of the organization, we can conclude that contacting the Swiss Markets company should be done with caution. Since the Swiss Markets review showed that the company is not regulated by anyone and offers very unrealistic terms of cooperation. The company uses tempting promises of high returns to attract customers, but then confronts them with problems when withdrawing funds, including high fees and technical difficulties. Do not forget about the anonymity of the owners and the use of dubious payment methods, which raises additional concerns about the reliability and transparency of the company.

    Want to spread the word about your company or have you been in a negative review? Contact the portal editorial office right now

    Swiss Markets reviews from ex-clients

    There were no problems finding comments. There are quite a lot of references about our hero on the Internet, which of course simplifies the assessment and analysis of the broker.

    Regarding specific examples, please note that stories will continue to be posted. Since the site is operational. So we should expect fresh responses to appear in the near future. Now regarding what exactly traders are complaining about. Basically it all comes down to a lack of return and blocking of transactions.

    Managers attract users by promising various benefits. Instead of implementation in practice, traders face losses.

    In addition, the company leaks personal data to third parties. Which also indicates a violation of the stated points in the agreement.

    At the start, as a rule, everything looks quite good, but when it comes to output, everything falls into place.

    Conclusion

    Now regarding what signs of divorce were discovered during the analysis of the office:

    • aboutpromises of high incomes. The company attracts clients with promises of significant income, which is often a sign of fraudulent schemes;
    • problems with withdrawal of funds. Customers experience difficulties when trying to withdraw their funds, including delays and refusals of payments;
    • users report unexpected changes in trading conditions and rules after trading begins;
    • numerous negative reviews from clients who encountered problems working with Swiss Markets;
    • anonymity of the company’s owners, which may indicate an attempt to hide the true identity and avoid responsibility;
    • use of questionable payment methods. The use of anonymous payment methods is noted, which may be a sign of an attempt to avoid transparency of financial transactions;
    • lack of transparency. Lack of transparency in the company’s operations, including unclear trading terms and a lack of clear licensing and regulatory information. This makes it easier for managers to manipulate clients.

    These signs may indicate the essence of Swiss Markets. To be more precise, this is a fake brokerage company that scams users out of money and, given the number of reviews, does it very professionally.

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    FAQ

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    How do customer reviews of Swiss Markets affect the company's rating?

    Customer reviews are one of the main criteria influencing the reputation and position of a broker in the ranking of reliable companies. You can view reviews about Swiss Markets on the main page of the broker’s profile.

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    How to write a review about cooperation with Swiss Markets on the Forex Rating website?

    You must register on the official Forex Rating website. This procedure is free and will take very little of your time. To confirm your registration, you will receive an email with a link where you will find detailed instructions on how to leave a review about Swiss Markets.

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