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SwissCap

United Kingdom|1-2 years|
Suspicious Scope of Business|High potential risk|

https://swisscap.pro/

Website

Rating Index

Contact

+44 74888 72386
support@loream.io
https://swisscap.pro/

Licenses

No valid regulatory information, please be aware of the risk!

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1G

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Contact number

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+44 74888 72386

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Broker Information

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Company Name

SwissCap

Abbreviation

SwissCap

Platform registered country and region

United Kingdom

Company website

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Warning: Low score, please stay away!
Previous Detection : 2024-11-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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SwissCap · WikiFX Survey

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SwissCap · Company Summary

SwissCap Review Summary
Registered Country/Region United Kingdom
Regulation Unregulated
Market Instruments Cryptocurrencies, indices, commodities, and currencies
Leverage 1:200 (Standard account)
EUR/ USD Spread 1.5 pips (Standard account)
Trading Platforms SwissCap Webtrader platform
Minimum Deposit $5,000
Customer Support (Mon-Fri 09:00-17:00) telephone: +45 (0)800 123 456, email: support@loream.io and online messaging

What is SwissCap?

SwissCap, headquartered in the United Kingdom, is an unregulated trading platform offering a diverse range of market instruments, including cryptocurrencies, indices, commodities, and currencies. With its proprietary SwissCap Webtrader platform, it requires a minimum deposit of $5,000. It offers a tiered account system consisting of Standard, Silver, Gold, and VIP accounts, each with different maximum leverage and minimum spread options to accommodate traders' preferences and risk tolerance.

SwissCap's homepage

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
Diverse Market Instruments Lack of Regulation
Tiered Account System High Minimum Deposit Requirement
Innovative Features Limited Customer Support Options

Pros of SwissCap:

- Diverse Market Instruments: SwissCap offers a wide range of market instruments, including cryptocurrencies, indices, commodities, and currencies, providing traders with ample opportunities for diversification and potential profit.

- Tiered Account System: The platform's tiered account system caters to traders with varying levels of experience and investment capital, allowing them to choose an account type that best suits their needs and risk tolerance.

- Innovative Features: SwissCap introduces innovative features such as ETF platforms and curated multi-asset Bundles, curated by experts to streamline trading processes and offer diversified investment options, enhancing the trading experience for its users.

Cons of SwissCap:

- Lack of Regulation: SwissCap operates as an unregulated trading platform, which means it does not fall under the oversight of any regulatory authority. This lack of regulation may pose higher risks for traders, as there are no safeguards in place to protect their investments or ensure fair trading practices.

- High Minimum Deposit Requirement: SwissCap requires a minimum deposit of $5,000, which may be relatively high for some traders, especially those who are just starting or have limited investment capital.

- Limited Customer Support Options: Although SwissCap offers customer support via phone, email, and online messaging, some traders may find the available support options limited compared to other platforms that offer additional support channels such as live chat or dedicated account managers.

Is SwissCap Legit or a Scam?

SwissCap's current lack of valid regulation presents a significant risk to investors engaging with their platform. Without governmental or financial authority oversight, there are no established standards or safeguards in place to ensure the integrity and transparency of SwissCap's operations. This absence of regulation not only raises concerns regarding the legitimacy of the platform but also exposes investors to various potential risks.

Market Instruments

SwissCap offers a diverse range of trading instruments across various financial markets.

- Cryptocurrencies: SwissCap allows traders to invest in a variety of cryptocurrencies. This includes popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and many others. Traders can buy, sell, and trade these digital assets either against fiat currencies like USD, EUR, or against other cryptocurrencies.

- Indices: SwissCap offers trading on a wide range of stock indices from around the world. Stock indices represent a basket of stocks from a particular exchange or sector and can be a way for traders to speculate on the overall performance of a market or sector without trading individual stocks.

- Commodities: Traders can also trade commodities through SwissCaps platform. Commodities are physical goods that are often used as inputs in the production of other goods or as assets in their own right. SwissCap offers trading in commodities like gold, silver, crude oil, natural gas, copper, and agricultural products such as wheat and corn.

- Currencies (Forex): SwissCap provides access to the foreign exchange (Forex) market, allowing traders to trade major, minor, and exotic currency pairs. Major currency pairs are those that include the US dollar (USD) and another major currency like EUR, GBP, JPY, or AUD. Minor currency pairs dont include the USD but still involve major currencies. Exotic currency pairs involve one major currency and one currency from an emerging or smaller economy.

Market Instruments

Account Types

SwissCap offers a tiered account system designed to accommodate traders with varying levels of experience and investment capital.

  • Standard Account

- Minimum Deposit: $5,000

- Services: Introductory call from a personal account manager

- The Standard account is suitable for beginner traders or those with smaller capital amounts. It provides access to basic trading features and support from a personal account manager.

  • Silver Account:

- Minimum Deposit: $25,000

- Services: Personal account manager, investment research, and analytics from Trading Central

- The Silver account is aimed at traders with some experience and a larger capital base. It offers enhanced support services and access to research and analytics tools to aid in trading decisions.

  • Gold Account:

- Minimum Deposit: $100,000

- Services: Personal account manager, investment research, and analytics from Trading Central, monthly session with a senior market analyst

- The Gold account is designed for more seasoned traders with a significant capital investment. It provides access to tighter spreads, higher leverage, and personalized support including regular sessions with market analysts.

  • VIP Account:

- Minimum Deposit: Variable

- Services: Dedicated personal account manager, weekly sessions with a senior market analyst, exclusive trading strategies, development of an individual business plan

- The VIP account is the highest tier and is offered by invitation only. It caters to high-net-worth individuals and institutional traders, providing the highest level of service, including bespoke trading strategies and business planning support.

Account comparison

How to Open an Account?

To open an account with SwissCap, please follow these steps:

Step 1. Visit the Website Navigate to the SwissCap website to start the account opening process.
Step 2. Provide Information Fill in your first name, last name, email address, and phone number in the appropriate fields.
Step 3. Create Password Choose a strong password adhering to SwissCaps security requirements.
Step 4. Submit Information Review your details for accuracy and submit your information.
Step 5. Verification Undergo any necessary identity verification processes as required by regulations.
Step 6. Confirmation Await confirmation via email or notification from SwissCap once your account is set up.
Step 7. Start Trading Deposit funds into your account and begin trading according to your preferences and strategy.
fill in required info

Leverage

SwissCap offers a tiered leverage system across its account types to accommodate traders' varying risk appetites and experience levels. The Standard Account provides a maximum leverage of up to 1:200. The Silver Account increases the leverage to up to 1:300. Moving up to the Gold Account, traders gain access to even higher leverage, with a maximum of up to 1:400. Finally, the VIP Account offers the highest leverage of up to 1:500.

However, while higher leverage can amplify potential returns, it also magnifies the risks associated with trading. Traders should exercise caution and employ risk management strategies to mitigate potential losses.

Account Type Maximum Leverage
Standard Up to 1:200
Silver Up to 1:300
Gold Up to 1:400
VIP Up to 1:500

Spreads & Commissions

SwissCap offers a range of spreads across its various account types. In the Standard and Silver accounts, the minimum spread starts from 1.5 pips. Moving up to the Gold account, traders can benefit from tighter spreads, with a minimum starting from 0.8 pips. For traders seeking the lowest possible spreads, the VIP account stands out, offering spreads starting from 0 pips. With spreads starting from 0 pips, VIP account holders can execute trades with minimal cost, maximizing their potential returns.

Account Type Minimum Spread
Standard From 1.5 pips
Silver From 1.5 pips
Gold From 0.8 pips
VIP From 0 pips

Trading Platforms

SwissCap's trading platform is built on the widely MT4 WebTrader, providing traders with a comprehensive suite of tools and indicators for market analysis and trade execution. This platform is designed to cater to both experienced traders and newcomers, offering a user-friendly interface that simplifies navigation and ensures efficient trading without unnecessary complexity.

One of SwissCap's key strengths lies in its diverse asset selection, encompassing hundreds of financial and digital assets across multiple markets. Traders can access forex, commodities, cryptocurrencies, and indices, allowing for easy portfolio diversification and the ability to capitalize on various trading opportunities. Additionally, SwissCap's platform introduces innovative features like ETF platforms and curated multi-asset Bundles, curated by experts to streamline trading processes and offer diversified investment options.

Trading Platforms

Customer Service

Customers can get in touch with customer service line using the information provided below:

Mon-Fri 09:00-17:00

Telephone: +45 (0)800 123 456

Email: support@loream.io

SwissCap offers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform.

Contact Form

Conclusion

In conclusion, SwissCap presents both advantages and drawbacks for traders considering its platform for their investment activities. On the positive side, it offers a diverse array of market instruments, a tiered account system accommodating various trader profiles, and a comprehensive trading platform equipped with useful tools and indicators. Additionally, its innovative features such as ETF platforms and curated multi-asset Bundles add value to the trading experience.

However, the minimum deposit requirement of $5,000 might be a barrier for some traders, and the higher spreads, particularly for lower-tier accounts, could impact profitability. Ultimately, traders considering SwissCap should carefully weigh these pros and cons against their individual trading goals.

Frequently Asked Questions (FAQs)

Question 1: Is SwissCap regulated by any financial authority?
Answer 1: No. It has been verified that this broker currently has no valid regulation.
Question 2: How can I contact the customer support team at SwissCap?
Answer 2: You can contact via (Mon-Fri 09:00-17:00) telephone: +45 (0)800 123 456, email: support@loream.io and live chat.
Question 3: What is the minimum deposit for SwissCap?
Answer 3: The minimum initial deposit to open an account is $50,000.
Question 4: What platform does SwissCap offer?
Answer 4: It offers SwissCap Webtrader platform.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

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