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RAND SWISS Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.randswis..., the company's legitimate regulatory information South AfricaFSCARetail Forex License to enhance the security of the company's address 1st Floor JSE Building, One Exchange Square, 2 Gwen Lane, Sandton, South Africa

RAND SWISS Forex Broker

Basic Information

Registered Region
South Africa
Operating Period
--
Company Name
RAND SWISS
Abbreviation
RAND SWISS
Company employee
--
Customer Service Email Address
trade@randswiss.com
Contact Number
+27117814454
Company Address
1st Floor JSE Building, One Exchange Square, 2 Gwen Lane, Sandton, South Africa
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

RAND SWISSReview SummaryFounded2014-05-21Registered Country/RegionSouth AfricaRegulationSuspicious CloneServices Securities Broking/Custody Solutions/Wealth & AdvisoryMin DepositR25,000Customer SupportEmail: info@randswiss.comPhone:+27(11)781 4454YouTube, Twitter, LinkedIn, WhatsAppRAND SWISS Information RAND SWISS is a South African based broker-dealer specializing in securities broking, custody solutions, and wealth and advisory. Securities brokerage covers accounts, foreign exchange trading, and platform login content. Custody solutions include model portfolios such as the Global Equity Portfolio, South African Equity Portfolio, and Future Tech AI Portfolio, structured products like the Offshore Core Global Growth Report and the Worst Triple Index Auto-Subscription, and custody, including Citibank, Fidelity, and Swissquote Bank. Wealth and Advisory encompasses investments such as offshore and local investments, pre-retirement and post-retirement planning, Tax-Free Savings Accounts (TFSA), tax wrapping, estate planning like wills, trusts, and fiduciary services, and risk and protection such as income protection - life insurance and business risk.Is RAND SWISS Legit? Financial Sector Conduct Authority(FSCA) regulates RAND SWISS with license number 45837 and License Type Retail Forex License. However, the 'Suspicious Clone' current status is not as safe as the regulated one.Account Type RAND SWISS offers both Private Brokerage and Active Trading accounts. The minimum deposit for an Active Trading account is R25,000. Clients can trade forex, commodities, indices, and local and offshore stock CFDs from one account. Long-term equity investors who wish to invest locally and overseas in local or foreign currencies can open a Private Brokerage account with a minimum deposit of R2 million.Account Type Private BrokerageActive TradingMinimum DepositR2 millionR25,000ProductsLocal or Foreign CurrenciesForex/Commodities/Indices/Local and Offshore Stock CFDs
Rating Index
1.51
Regulation
0.00
License
0.00
Software Index
4.00
Risk Control
0.00
Business
7.01

Pros

Offers a range of financial services including forex trading, managed portfolios, and structured products.
Provides access to multiple trading platforms, including DMA Go and Velocity Trade, catering to both individual and institutional traders.
Has a dedicated customer support team and offers educational resources such as market analysis and webinars.

Cons

Lacks proper regulation, with a "suspicious clone" status from the FSCA, raising concerns about safety and reliability.
High minimum deposit requirements for certain account types, which may be a barrier for new or smaller investors.
The trading platforms do not include popular options like MT4 or MT5, which may limit options for some traders.
How to login to RAND SWISS?
Rand Swiss Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Rand Swiss Account Registering for a Rand Swiss account is the first step to accessing their trading and investment services. Follow these detailed steps to

Rand Swiss Forex Broker - Complete Information Guide

1. Company Overview

Rand Swiss is a prominent financial services provider based in South Africa, recognized as one of the leading full-service brokers in the region. Established in 2015, Rand Swiss has rapidly gained a reputation for excellence in securities broking, trading, and investment management. The company is headquartered in Johannesburg, South Africa, and operates as a private entity, focusing on delivering high-quality financial services to both retail and institutional clients.

The primary markets served by Rand Swiss include individual investors, high-net-worth individuals, and institutional clients. The firm has achieved significant milestones, being awarded the title of "Top Stockbroker" in South Africa for multiple years, including 2019, 2021, 2022, and 2023. This recognition reflects the companys commitment to providing exceptional client service and innovative financial solutions.

Rand Swiss operates under a business model that encompasses various services, including retail forex trading, institutional services, wealth management, and advisory solutions. The company emphasizes a high-touch service approach, ensuring that clients receive personalized assistance and in-depth market insights tailored to their investment needs.

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2. Regulatory and Compliance Information

Rand Swiss operates under the regulatory oversight of the Financial Sector Conduct Authority (FSCA) of South Africa, which ensures that the broker adheres to strict compliance standards. The regulatory number for Rand Swiss is 45837, indicating its authorized status as a financial services provider. The firm's licenses are valid for conducting various financial activities, including securities trading and investment management.

As part of its commitment to client safety, Rand Swiss implements a robust client fund segregation policy, ensuring that client funds are kept separate from the companys operational funds. This practice protects clients' assets in the event of financial difficulties faced by the broker.

Rand Swiss is also a participant in investor compensation schemes, which provide an additional layer of security for clients. The firm adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, ensuring that all client identities are verified and that transactions are monitored for compliance with legal standards.

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3. Trading Products and Services

Rand Swiss offers a diverse range of trading products, catering to various investor preferences. The broker provides access to numerous forex currency pairs, including major, minor, and exotic pairs, allowing traders to capitalize on global currency fluctuations. Additionally, Rand Swiss offers Contracts for Difference (CFDs) across multiple asset classes, including indices, commodities, stocks, and cryptocurrencies.

The firm is known for its unique product offerings, including specialized trading instruments that are not commonly found with other brokers. Rand Swiss regularly updates its product lineup, introducing new trading options to meet the evolving demands of its clients.

For retail clients, Rand Swiss provides comprehensive trading services, including educational resources and market analysis. Institutional clients benefit from tailored solutions, including liquidity provision and white-label services. The firm also offers asset management services, allowing clients to have their investments managed by experienced professionals.

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4. Trading Platforms and Technology

Rand Swiss supports the widely-used MetaTrader 4 (MT4) platform, providing clients with a robust trading environment equipped with advanced trading tools and features. The broker also offers a proprietary web-based trading platform, designed to enhance the trading experience with user-friendly navigation and real-time data analysis.

For mobile traders, Rand Swiss provides applications compatible with both iOS and Android devices, ensuring that clients can manage their investments on the go. The broker utilizes an ECN (Electronic Communication Network) execution model, facilitating fast trade execution and direct market access.

The technological infrastructure of Rand Swiss is backed by state-of-the-art servers located in secure data centers, ensuring high availability and reliability. The firm also supports API access for automated trading, allowing clients to implement algorithmic trading strategies seamlessly.

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5. Account Types and Trading Conditions

Rand Swiss offers various account types tailored to meet the needs of different traders. The standard account requires a minimum deposit, with competitive spreads and no hidden commissions. For more experienced traders, Rand Swiss provides advanced account types that offer additional features and benefits, such as lower spreads and priority customer service.

The broker also offers specialized accounts, including Islamic accounts that comply with Sharia law, catering to clients who require such options. Additionally, Rand Swiss provides a demo account policy, allowing prospective clients to practice trading strategies with virtual funds before committing real capital.

Leverage options are available, with varying ratios depending on the asset class being traded. The minimum trade size is set to accommodate both novice and professional traders, while overnight fees are clearly outlined, providing transparency in trading costs.

6. Fund Management

Rand Swiss supports a variety of deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirements vary based on the account type selected, ensuring accessibility for all clients. Deposits are typically processed quickly, allowing clients to start trading without unnecessary delays.

The broker does not charge deposit fees, enhancing the cost-effectiveness of trading with Rand Swiss. Withdrawal methods mirror the deposit options, ensuring that clients can access their funds conveniently. Withdrawal processing times are generally swift, with clear guidelines on any applicable fees.

Rand Swiss maintains a transparent fee structure, ensuring that clients are aware of any costs associated with their transactions. This commitment to transparency helps build trust and confidence among clients.

7. Customer Support and Educational Resources

Rand Swiss prides itself on providing exceptional customer support through multiple channels, including phone, email, live chat, and social media. The support team is available during business hours, ensuring that clients receive timely assistance for their inquiries.

The broker offers services in multiple languages, catering to a diverse client base. Rand Swiss also provides a wealth of educational resources, including webinars, tutorials, and e-books, aimed at enhancing clients' trading knowledge and skills.

Market analysis services are available, providing clients with daily insights, news updates, and research reports to inform their trading decisions. Additionally, Rand Swiss offers a range of trading tools, such as calculators and economic calendars, to assist traders in their activities.

8. Geographic Coverage and Limitations

Rand Swiss primarily serves clients in South Africa and other regions within the African continent. The broker has established a significant presence in the local market, with plans for potential expansion into other international markets.

The firm operates through regional offices to provide localized services, ensuring that clients receive personalized support tailored to their specific needs. However, Rand Swiss does not accept clients from certain countries due to regulatory restrictions, which are clearly outlined on its website.

In summary, Rand Swiss is a reputable broker that offers a comprehensive range of trading services and products, supported by robust regulatory compliance and exceptional customer service. With its commitment to client satisfaction and continuous improvement, Rand Swiss remains a top choice for traders in South Africa and beyond.

RAND SWISS Forex Broker has an overall rating of 1.51, Regulatory Index 0.00, License Index 0.00, Business Index 7.01, Software Index 4.00 Risk Control Index 0.00.
RAND SWISS