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Investigating Swissquote: Is it Really a Scam?
Swissquote is a Swiss-based online trading platform that offers a wide range of financial products and services, including forex, stocks, and cryptocurrencies. However, before investing your money in this platform, it is important to know if it is a licensed broker and if it can be trusted.
Is Swissquote a Licensed Broker?
Swissquote is a licensed broker. It is regulated by the Swiss Financial Market Supervisory Authority (FINMA) and the Financial Conduct Authority (FCA) in the United Kingdom. But when we searched for their withdrawal policy, we saw some glitches.
Why Should Not You Trust an Unlicensed Broker?
The benefit of working with a licensed broker is they are bound to provide their activity report to a regulatory body, and they can provide financial protection to their customer if anything bad happens. In contrast, an unlicensed broker is not regulated and bound to any regulatory body and cannot provide customer protection.
Can Swissquote Be Trusted?
As a licensed broker, Swissquote is subject to strict regulations and oversight. It is held to high transparency, security, and consumer protection standards. However, it’s important to note that even licensed brokers can experience issues and have dissatisfied customers.
What Do Traders Think of Swissquote?
Opinions of Swissquote among traders are mixed. When we searched the internet, we found some traders sharing their positive reviews and some having negative feedback. Most negative feedback is based on their long withdrawal time, bad customer service, customer validation, and unclear profit policy.
Scammed by Swissquote Broker? – Talk To Our Experts
If you believe Swissquote or any other licensed broker has scammed you, it is important to seek expert help. Submit your complaint report through our website form, and we will provide you with a free consultation to guide you through recovery. If your case need any legal help, we can also provide that.
If you have lost money to companies like Hideaways.io, Bitcgrade.com, or AvaSignals, please report it today by bellow form.
