Swiss Markets is 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. It is NOT SAFE to trade Swiss Markets. We never advise trading with an offshore broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no any guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.
| 🗺️ Registered in | Seychelles |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is Swiss Markets safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
Swiss Markets is a Forex broker and the Brand name of Seychelles-based BDS LTD. There is one more offshore company behind Swiss markets – BDS Markets.
All the payment transactions are managed by BDS Markets a Mauritius registered company and licensed by the Financial Services Commission in Mauritius.
Both Seychelles and Mauritius are very popular among Forex brokers for their lax regulation requirements.
For example, The key requirements for the Seychelles license are: domestic company in Seychelles with share capital of USD 50,000 and an operational office in Seychelles. The advantages of this license are speed and low cost.
We wouldn’t recommend dealing with offshore regulated brokers, especially when they are banned by regulators in other countries.
In case with Swiss Markets, it was banned by the Spain’s CNMV as it is not authorised to provide the investment services in Spain. It is always better and safer to trade with reliable brokers licensed by Australia’s ASIC, Cyprus’ CySEC or UK’s FCA. For example, the license from UK’s Financial Conduct Authority requires EUR 125,000 of capital for the STP license aside from client deposits. Check the list of the FCA-regulated brokers here.
We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BlackBull Markets and Pepperstone.
Yet, it is always great to hear your personal opinion about Swiss Markets. So you may share your experience or thoughts or discuss them below or ask us for additional information.