Swiss24 Forex Broker

Note: Swiss24's official website https://swiss24.io/ is currently inaccessible normally. Swiss24Review Summary Founded2020 Registered Country/RegionUK RegulationNo regulation Market InstrumentsForex, Commodities, Indices, CFDs, Shares, Cryptocurrencies Demo Account/ LeverageUp to 1: 500 Spread/ Trading PlatformWeb-based Min Deposit500 EUR Customer SupportTel: +44 74 3521 5611 (English); +44 20 4501 0097 (Italian) Email: support@swiss24.io Address: 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica Swiss24 was registered in 2020 in the UK, offering trading in Forex, Commodities, Indices, CFDs, Shares, and Cryptocurrencies. It uses its own web-based trading platform, and the maximum leverage is 1:500, which is relativley high. Moreover, it is not regulated, and the risks cannot be ignored.Pros and Cons Pros Cons Various trading productsInaccessible website Lack of regulation Not supported by MT4 or MT5 High minimum depositIs Swiss24 Legit? No, Swiss24 is not regulated by financial regulatory authorities in the UK. What's more, the Financial Conduct Authority (FCA) issued a warning notice, which says that Swiss24 is a clone firm of Swiss Investment Corporation Limited, and the latter is a regulated company.What Can I Trade on Swiss24? Swiss24 provides a variety of products, such as forex, commodities, indices, CFDs, shares, and cryptocurrencies. Tradable Instruments Supported Forex✔ CFDs✔ Commodities✔ Indices✔ Shares✔ Cryptos✔ Bonds❌ Options❌ ETFs❌Leverage The leverage can be up to 1:500, which is relatively high. Careful considerations are recommended, because the potential risks are likely to be high when the leverage is high.Trading Platform Swiss24 uses its own web-based trading platform, and it does not support MT4 or MT5. Trading PlatformSupported Available Devices Suitable for Web Trader✔Web/ MT4❌/Beginners MT5❌/Experienced traders