Search

For more information about Swisstrade Pro Forex Broker company profile, come to WikiBit!

Rating Index

WikiFX Detection

Business

Influence E

License

No license

Swisstrade Pro Company

  

Swisstrade Pro Company Overview

  

Founding Date and Background

  Swisstrade Pro is a digital trading platform that was established in 2020. It aims to provide traders with access to a wide array of financial markets, including forex, CFDs, and cryptocurrencies. The company positions itself as a high-end trading network that utilizes smart contract technology to mitigate risks and enhance trading experiences.

  

Parent Company/Ownership Structure

  Swisstrade Pro operates under the ownership of Swisstrade Pro Inc. However, detailed information regarding its parent company or ownership structure is limited, raising questions about the transparency of its operations.

  

Headquarters Location

  The company claims to be headquartered in London, United Kingdom. However, there is no verifiable information available that confirms its registration with the Financial Conduct Authority (FCA), which raises concerns regarding its legitimacy.

  

Global Business Scope

  Swisstrade Pro offers its services to a global audience, claiming to facilitate trades across multiple countries and currencies. However, the actual operational scope remains ambiguous due to the lack of regulatory oversight and transparency.

  

Main Regulatory Bodies

  Swisstrade Pro is reportedly unregulated, with no valid licenses from recognized financial authorities. The absence of oversight from regulatory bodies such as the FCA in the UK and others raises significant concerns regarding the safety of investor funds and compliance with financial regulations.

  Back to Top

  

Company History and Development

  

Key Milestones

  Since its inception in 2020, Swisstrade Pro has focused on building a trading platform that claims to deliver high returns on investment. Despite its ambitious goals, the company has faced scrutiny due to its lack of regulatory compliance.

  

Business Expansion Journey

  The company has attempted to expand its services globally, promoting itself as a platform for skilled traders and investors. However, the effectiveness of its expansion efforts is questionable, given the negative reviews and warnings from financial authorities.

  

Customer Base Growth

  Swisstrade Pro has not disclosed specific figures regarding its customer base. However, the lack of regulatory backing and negative user experiences suggest that customer growth may be hindered by trust issues.

  

Platform Development History

  The platform claims to offer a user-friendly interface with advanced trading technologies. Nonetheless, detailed information about the platform's development history and technological advancements is scarce.

  

Important Awards or Recognitions Received

  There is no publicly available information regarding any awards or recognitions that Swisstrade Pro has received, further contributing to concerns about its credibility and reputation in the trading community.

  Back to Top

  

Trading Services Offered

  

Forex Trading Options

  Swisstrade Pro offers forex trading with a variety of currency pairs. However, the exact number of pairs available is not specified on their platform. The absence of clear information may lead to uncertainty for potential traders.

  

Stock Trading Options

  The platform claims to provide access to stock trading, but details regarding the specific stocks available for trading are not readily accessible, which could deter potential investors.

  

CFD Trading Products

  Swisstrade Pro offers Contracts for Difference (CFDs) on various assets, including forex, commodities, and indices. However, the lack of regulatory oversight raises concerns about the integrity and safety of these products.

  

Other Financial Instruments

  In addition to forex and CFDs, Swisstrade Pro claims to offer trading in cryptocurrencies and commodities. The absence of detailed information about these offerings may limit investor confidence.

  

Special Services or Unique Advantages

  Swisstrade Pro promotes itself as a platform that enhances trading experiences through smart contract technology and a commitment to risk mitigation. However, the effectiveness of these claims remains unverified, particularly in light of negative reviews.

  Back to Top

  

Regulatory and Legal Background

  

Detailed Regulatory Information

  Swisstrade Pro operates without valid licenses from any recognized regulatory bodies, including the FCA in the UK and the Comisión Nacional del Mercado de Valores (CNMV) in Spain. This lack of regulation poses significant risks for investors.

  

  The legal entity structure of Swisstrade Pro is not clearly defined, and there is limited information available about its registration status in various jurisdictions. The company claims to be based in the UK, but it does not appear on the FCA's register.

  

Client Fund Protection Measures

  Due to the absence of regulatory oversight, there are no established client fund protection measures in place. This raises concerns about the safety of investor funds, especially in the event of financial mismanagement or insolvency.

  

Countries/Regions Served

  Swisstrade Pro claims to serve a global audience, but the lack of regulatory licenses limits its credibility and operational scope. Potential investors are advised to exercise caution and thoroughly research the platform before engaging in trading activities.

  

Compliance History

  Swisstrade Pro has faced warnings from regulatory authorities, including the CNMV, which has placed the platform on its watch list for operating without the necessary licenses. This compliance history raises red flags for potential investors.

  Back to Top

  

Competitive Landscape

  

3-5 Main Competitors

  Swisstrade Pro competes with several other trading platforms, including:

  • eToro - Known for its social trading features and regulatory compliance.
  • IG Group - A well-established broker with a wide range of trading instruments and regulatory oversight.
  • Plus500 - Offers a user-friendly platform with a strong focus on CFDs and forex trading.
  • Forex.com - A reputable broker with a diverse range of trading options and regulatory compliance.
  •   

    Positioning in the Industry

      Swisstrade Pro positions itself as a high-end trading network, but the lack of regulatory backing and negative reviews hinder its ability to compete effectively with established brokers.

      

    Market Differentiation Factors

      Swisstrade Pro attempts to differentiate itself through claims of advanced trading technology and risk mitigation strategies. However, the effectiveness of these claims is undermined by the absence of regulatory compliance and transparency.

      Back to Top

      In conclusion, while Swisstrade Pro presents itself as a promising trading platform, potential investors should approach with caution due to its lack of regulatory oversight, negative reviews, and concerns about transparency. It is advisable to consider more reputable and regulated brokers for trading activities. For those interested in learning more about safer trading options, further research is recommended.