Rating Index
Pros
High leverage options available, up to 1:400, which can appeal to experienced traders looking for greater exposure.
Offers a variety of trading instruments including forex, commodities, indices, and cryptocurrencies.
Provides a portfolio management service, which may attract traders looking for managed investment options.
Cons
Unregulated and blacklisted by financial authorities such as CONSOB, indicating a lack of oversight and potential risks to client funds.
No segregated accounts or guaranteed funds, increasing the risk of losing deposited money.
High spreads starting at 1.9 pips, which may not be competitive compared to other brokers in the market.
SwissFX broker Accounts
SWISSFX Account Type
SWISSFX offers three main types of trading accounts designed to cater to different levels of traders:
- Silver Account:
- Minimum Deposit: $500
- Leverage: Up to 1:400
- Spreads: Minimum spreads starting from 1.9 pips.
- Gold Account:
- Minimum Deposit: $5,000
- Leverage: Up to 1:400
- Spreads: Tighter than the Silver account, specific values not disclosed.
- Platinum Account:
- Minimum Deposit: $50,000
- Leverage: Up to 1:400
- Spreads: Even tighter than the Gold account, specific values not disclosed.
- Visit the Official Website: Go to the SWISSFX website.
- Select Account Type: Choose the type of account you wish to open (Silver, Gold, or Platinum).
- Fill Out the Registration Form: Provide the necessary personal information and financial details.
- Submit Documents: Upload required identification documents for verification.
- Initial Deposit: Make the minimum deposit as per the selected account type.
- Confirmation: Wait for account approval and confirmation via email.
- Trading Access: Once approved, you will receive login credentials to access the trading platform.
Please note that trading with an unregulated broker like SWISSFX and the high minimum deposits involved can carry significant risks.
SWISSFX Broker Account Opening Process
To open an account with SWISSFX, follow these steps:
Ensure that you fully understand the risks involved in trading before proceeding with your account setup.
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