SwissCFD Forex Broker

Note: SwissCFD's official website https://www.swisscfd.com is currently inaccessible normally.SwissCFDReview SummaryFounded/Registered Country/RegionMarshall IslandsRegulationNo RegulationMarket InstrumentsForex, CFD, indices, cryptosDemo Account/LeverageUp to 1:500SpreadFrom 1 pip (Mini account)Trading PlatformMetaTrader 5Min Deposit$500Customer SupportEmail: support@swisscfd.com SwissCFD is a financial company which claims to be registered in the Marshall Islands. It is not regulated, and the information about this company is limited. It claims to offer forex and CFD trading with leverage up to 1:500. Moreover, the minimum deposit is high, which is up to $500.Pros and ConsPros Cons MT5 supportedLack of regulationRelatively low spreadsBlacklisted by CONSOBHigh initial deposit requirementLimited contact channelsIs SwissCFD Legit? SwissCFD is not regulated by the financial services regulatory authority in Marshall Islands, which means that the company lacks regulation from its registration site.What Can I Trade on SwissCFD? SwissCFD seems to offer trading services on forex, CFDs, indices, and cryptocurrencies.Tradable Instruments Supported Forex✔CFDs✔Commodities❌Indices✔Cryptos✔Stocks❌Account Type/Fees SwissCFD offers 3 types of accounts: Mini, Standard, and Exclusive accounts.Account TypeMin DepositMax LeverageSpreadMini$5001:500From 1 pipStandard$10,0001:400FixedExclusive$20,0001:300From 0 pipsLeverage For the Mini account, the leverage can be up to 1:500, and for the Standard and the Exclusive account, the leverage of each can be up to 1:400 and 1:300.Trading Platform SwissCFD uses MT5 as its trading platform. However, detailed information about its trading platform is limited.Deposit and Withdrawal SwissCFD accepts payments via VISA, MasterCard, UnionPay, Neteller, Skrill, PayPal and bank wire.