Swiss Capital FX Review: Is Swiss Capital FX a scam? Is it Legit? How much do you know about this broker? Read our review to find out the result of our investigation.
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What is Swiss Capital FX?
swisscapitalfx.com is the website of Forex brokerage created by Thorntons Global Limited. This company is based in St Vincent and the Grenadines and its referencing number is 25194 IBC 2018. Compared to major brokers in the Forex industry, Swiss Capital FX is quite new. It has only being in existence about a year or so. It claims to provide an efficient platform that enables trades to trade in Forex, cryptocurrencies, stocks, energies, commodities and indices.
What Swiss Capital FX They Offer
SwissCapital FX claims to offer the popular MetaTrader 4 trading platform. There is a wide variety of trading instruments including more than 60 currency pairs. This brokerage claims to offer fair pricing, excellent customer care service, fast execution of trades and fund security.
It has multiple account types and an amazing leverage of up to 1:500. Unfortunately, Swiss Capital Fx offers no demo account to traders who would like to familiarize themselves with the platform before committing their funds and trading for real.
Also, traders who seek a trading platform like cTrader, may have to search elsewhere because, Swiss Capital Fx does not support it.
Swiss Capital FX Account Types
Silver Account: This is Swiss Capital FX first account, it offers a leverage of 1:500, 1.6 pips spreads, minimum trade size is 0.01 lots and no additional commission. 100 is the maximum number of open trades.
Gold Account: Its minimum deposit is$5,000, with a leverage of 1:500 and no commission. In this account, the spread is reduced by 30%. account. Its maximum number of open trades and lot sizes remain the same with sliver account.
Platinum Account: This type has a minimum deposit of $20,000, same leverage with sliver and gold and its spreads are further reduced by another 30%. No commission, same lot sizes with the first two account with difference only in the maximum number of open trades, which is from 100 to 200.
Pro Account: This is the highest account with a minimum deposit of $50,000. Its leverage remains at 1:500 but its spread is 0 pips. There is commission attached to this account and the minimum trade size is 0.1 lots. It has an unlimited number of open trades.
Swiss Capital Fx Trading Software
Swiss Capital FX offers MetaTrader 4 trading platform. This platform includes high speed of DMA/STP order execution, a variety of EAs, trading tools, advanced charting package, 30+ tech indicators and many more.. It is stress-free, convenient and user friendly.
Swiss Capital FX Withdrawal and Deposit Methods & Fees
Swiss Capital FX’s general minimum deposit is $100. However, sliver account has no minimum deposit. A high tier account will require a higher minimum deposit.
Deposit methods are the same as withdrawal methods. Acceptable mediums are bank transfer, Neteller, Visa, Mastercard and Skrill. No added fees attached with the exception of withdrawal through bank transfer, which requires a fee of $30.
All withdrawal and deposit methods are executed in within 24 hours except for bank transfer which can take 3 – 5 business days.
Is Swiss Capital FX Licensed?
We were unable to find any document that guarantees that Swiss Capital FX is licensed.
Swiss Capital FX Support
Apart from the live chat available on the brokerage’s website, you also using these:
Address: First floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines.
Based on our investigation, swisscapitalfx.com offers features that traders will find useful and make their trading experience fast, efficient and profitable. Despite this, they have a few cons as well. The fee of $30 charge on withdrawal and no demo account are one of them.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
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Swiss Capital FX