Global Broker Regulation Inquiry App
WikiFX
DoreenVanDenHeever
1-2 years

In what ways does Swiss Gold’s regulatory status help safeguard my funds?

Broker Issues
Swiss Gold
Regulation
09-09
United States
WikiFX
Reply

Speaking from my own experience and research into Swiss Gold, I have deep reservations regarding the safety of funds with this broker. The key concern for me is that Swiss Gold currently operates without any recognized regulatory oversight. There is no valid license presented, and reputable third-party sources flag the company for suspicious business activity and a lack of regulation. As an experienced trader, I know that regulation by established authorities is not just a formality; it is fundamental in providing investor protection—regulations typically mandate segregation of client funds, regular audits, transparent operations, and dispute resolution mechanisms. In the absence of such oversight, there is an increased risk that clients’ funds could be mismanaged or not properly safeguarded, and there are few, if any, external avenues for recourse should an issue arise. From what I’ve found, Swiss Gold’s business is less than a year old and there are also first-hand reports suggesting red flags such as questionable withdrawal requirements and potentially deceptive practices. For me, the complete lack of regulatory protections means I would not trust this broker with my own funds, and I would advise others to take an equally cautious approach. In my view, the risk level is simply too high when safeguarding your capital is a top priority.

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com