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SwissFS

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6.0
(1 Review)

Founded: - Min Deposit: -

Headquarters: Kuwait Max Lev: 1 : 400

Risk Level I

SwissFS only is a menber of KCCI (Kuwait Chamber of Commerce & Industry), has NO financial regulatory licence, carrying a certain level of risk.

Score
Business Scope
0.0
Trading Cost
5.0
Trading Platforms
5.5
Support
6.0
Licence Status
KCCI 79007
Registered
Contact
+965 - 22020490
admin@swissfs.com
https://www.swissfs.com
Account & Cost Deposit & Withdrawal Company & Service Related Complaints Reviews

Deposit and Withdrawal

6.0

Average

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No Data

Company and Service

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Score

Profile
Headquarters Address
City Tower ( Al Madina Tower), Floor 16, Khalid Ibn Al Waleed Street, Sharq Kuwait, P.O.BOX 26635, SAFAT 13127
Time Zone GMT+2,GMT+3
Credit Profile No information
Trading Platforms
MT4
MT4,  UniTrader
Contact
No Data
Others
Website Language
Arabic,  English
Customer Service By
Phone,  Email,  Facebook,  Twitter,  Instagram,  LinkedIn,  Youtube
Supported Language
Arabic,  Chinese,  English,  Russian,  Spanish

Related Complaints

Q&A

What's happened to SwissFS? Can't I withdraw now?

Feras Ziad
Sierra Leone
2023-03-14
ANSWER SwissFS is an unlicensed broker even though it states offers that look too good to be true.SwissFS claims to be owned and operated by Swiss For Trading in Currencies, Metals and Commodities Co which is supposedly regulated by the Kuwait Chamber of Commerce and Industry (KCCI) and licensed by Ministry of Commerce and Industry of Kuwait (MOCI) under License number 89468/2002. However, it should be noted that KCCI is a non-profit, self-financed private institution and MOCI is responsible for supporting and supervising commercial and economic activities and providing goods, materials and services. These abovementioned agencies neither issue licenses for forex trading nor regulate entities offering forex activities.The truth is, SwissFS is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. Regarding your question, we often receive complaints from investors about having withdrawal issues with unlicensed brokers, and it actually is a common phenomenon for scam brokers to take measures to prevent traders from withdrawing funds on their platforms. Given that situation, we would recommend traders stay away from unregulated brokers like SwissFS and trade with licensed brokers.
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Overall Score

6.0
1 Review

Cost 5.0

Platforms 5.5

Deposit & Withdrawal 6.0

Customer Support 6.0

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Mohamed
1-3 years Standard Account Egypt
Thank you
2024-09-17
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.