Broker Name: SwissMarketsFX
Broker Type: Forex
Country: St. Vincent & the Grenadines
Operating since year:
Address: First St Vincent Bank Ltd Building, First Floor, Kingstown, James Street, Saint Vincent, and the Grenadines
Broker status: Active
Email: [email protected]
Languages: English, Polish, Czech, Slovakian,
The Trading platforms:
Trading platform Time zone: UTC+2
Demo account: Yes
Mobile trading: Yes
Web-based trading: Yes
Other trading instruments: Forex, Stocks, Cryptocurrency, Commodities
Minimum deposit ($): $250
Maximal leverage: 1:1 up to 400:1
Spread: Variable or floating for Mini, Advanced, and Executive; Fixed for Prime and VIP
Scalping allowed: No
SwissMarketsFX Review Content
- A glance at SwissMarketsFX
- Trading Products
- Anti-Money Laundering Policy
- Account Types
- Education and Traning
A Glance at SwissMarketsFX
Swiss Market FX is considered a dedicated and respected provider of Contract-for-Differences (CFDs). With this broker, traders can gain access to various financial markets.
Clients can trade currencies, stocks, cryptocurrencies, indices, and commodities with dynamic spreads and assistance from their advisors.
It does not matter what clients` level of expertise is. Especially since they will find learning materials to practice trading with Swiss Market FX. SwissMarket community is always ready to work alongside traders to improve their profits and results.
In fact, SwissMarket has an ultimate goal to provide traders with a modern, profitable, and user-friendly trading environment.
Since its very beginning, the company strives to elevate clients around the globe to the rank of professionals.
Their work requires a lot of time, effort, and resources. However, they always strive to go further and offer their traders better trading conditions than the average broker can ever provide.
They do not only strive to be better, but they aim to be the best.
MiFID II in Europe
The European Parliament and Council The Directive on Markets in Financial Instruments adopted 2014/65/EU (MiFID II ) and came into effect in January 2018. It regulates the markets of financial instruments for the provision of investment activities and services in the European Union and European Economic Area (EEA). Therefore, the primary purpose of MiFID II is to regulate financial markets and increase efficiency. It also aims to ensure financial transparency, increase competition, and offer more excellent consumer protection in investment services. Under MiFID, an investment company might freely provide its services in the territory of another member state, provided that the investment company’s authorization covers such services. An authorized company complies with good conduct and European requirements of transparency, and therefore, it can provide cross-border services. This investment firm fully complies with the requirements of MIFID II.
SwissMarketsFX offers its clients to trade with style and diversity. In fact, traders can pick various trading assets and build a portfolio.
Beginner traders mainly emphasize a single trading product, and they have their strategies for that particular market. However, the broker promotes a diversified portfolio to benefit from many investment opportunities.
Clients can combine crypto, forex, stocks, and commodities with this broker, forming the ultimate trading portfolio.
Furthermore, traders can execute orders on various markets via the most sophisticated trading tactics and tools.
Traders can explore minor, major, and exotic currency pairs.
Lower rates and FX spreads for active traders
Less premature stop-outs
Integrated trade signal
Innovative risk management assistance
Full execution statistics transparency
Engage in exciting trades and immense profit potential while keeping risk at the minimum.
Ethereum, Bitcoin, and also thousands of altcoins available for trading
Portfolio creation and management
Advanced crypto-trading strategies
Enhanced investment management
Blockchain-based trading solutions
Risk management and also investment security
Monitor, study, and invest in stocks and also indices with confidence.
Competitive stock commissions
30+ stock exchanges also available
Single-stock and Index CFDs
Biggest market movers tracking and also smart trade signals
50+ stock trading tools available
Stock portfolio creation and development
Trading diversity and trading plan development
Engage in a wide range of commodities to reach optimal portfolio diversity.
Top-tier risk management innovations
CFDs, Options, Futures, and Spot metals approach
Single commodity, commodity sector, and also sub-sectors tracking
Trading diversity implementation
Long-term trading planning
Anti-Money Laundering Policy
Money laundering involves the identity of parties transferring or receiving funds and concealing the origin of funds. In fact, there are various reasons for the attempt at money laundering.
However, SwissMarketsFX strongly opposes money laundering and takes extensive measures to ensure that only legitimate traders use their services.
Exposing, Preventing, and Taking Legal Action
Their anti-money laundering policy and practical implications work at combating money laundering by exposing any such attempt. They also prevent its completion and take legal actions against the parties involved in the attempt. As elaborated further down, they make sure to allocate adequate resources that no money laundering attempt can ever occur.
Advanced Security System
SwissMarketsFX trading platforms come with brand-new anti-money laundering security systems. Traders using their services can only repeat the same as long as their actions are financially legitimate.
There is a screening process all users undergo while creating a new user account. Moreover, it ensures that their traders intend to use their online brokerage services to engage in legitimate trading activities using funds whose origins are traceable and verified.
Brand-new automated means embedded into SwissMarketsFX trading platforms’ software ensure that no trader can use their services while financing trading activities with funds whose origins are unclear.
SwissMarketsFX team of web developers works well with governmental agencies and international organizations to prevent money laundering. So, the software swissmarket.com uses is constantly updated.
Compliance With International Law
International law requires any commercial body to avoid being a part of money laundering and report any such attempt to relevant authorities. Those commercials bodies are involved in transactions in which funds are transferred across borders. Consequently, SwissMarketsFX compliances are complete with such international law provisions.
They go to great lengths to ensure that their services are not used for money laundering purposes. In fact, upon the unveiling of similar attempts, they provide authorities with the notification necessary to take action against the parties involved.
Verifying Traders’ Identities
SwissMarketsFX takes steps to ensure that traders using their services are genuine individuals. To this end, anyone creating a new trading account has to provide proof of identification and documentation showing that they genuinely reside at the address of the details.
Bank Accounts and Money Transfers
There is some information traders are asked to verify: Personal details, bank account details, credit card or debit cards. Therefore, Swissmarket.com makes it impossible to use their services by refraining from processing money transfer requests and a dubious bank account.
Funds Deposited Into Trading Accounts
SwissMarketsFX ensures that all funds deposited into trading accounts are legitimate. In addition, they have implemented a system guaranteeing the credibility of deposits from a third party (that means anyone other than the individual client registered as the trader).
Additionally, records of third-party deposits will be on files.
Moreover, trading accounts might belong to corporations that can supply all documentation required to ensure legitimacy. Those documentations include the article and certificate of incorporation, shareholder’s certificate, proof of address, or any other document they request, all at their sole discretion.
Withdrawals From Trading Accounts
To prevent money laundering, they only process withdrawal orders when the recipient’s identity is identical to that of the account holder. Thus, the sender’s identity has to coincide with that of the recipient, whether they make withdrawals by wire transfer or through any digital money transfer means.
Account Types, Spreads, and Platforms
SwissMarketfx offers various trading accounts suitable for clients of all experience levels and any investment goals.
In fact, each account comes with its specifics and perks. Moreover, the company’s specialist assistants will happily help traders pick the right one for their trading style and methodology.
To excel in trading conditions, they aim to take a trading platform and implement high fintech options.
Thus, they rely on usability improvements and continuous updates to bring modern trading to their clients on a tablet, desktop, or mobile device. As a result, new traders can feel free to open a demo account and check it out before depositing any funds.
All features available regardless of the chosen device
Highly intuitive interface
Built-in trading tools
Customizable controls and also outlook
Market analysis assistant
Major OS and browser compatibility
No installation needed for mobile devices
One-click trading options
Development in line with traders’ feedback and preferences
Swift trading management
Education and Training
Overall, we have to say that SwissMarketsFX as a new broker seems reliable as it has all the resources fresh and professional traders need. The broker also follows all the best trends in modern brokerage. It has a security that immediately puts it above the considerable majority of its peers.
Furthermore, multiple asset options make it a good choice for any trader, as it offers a budget-luxury trader split. That means the SwissMarketsFX has thought of details when doing its service. We suggest you visit swissmarket.com if you’re searching for a new broker.
CFDs are considered complex instruments, and they come with a high risk. You must understand that with investments, your capital is at risk. Moreover, you must know that with assets, your money is at risk. Past performance does not guide to future performance. So, it is your responsibility to make sure that you make an adequate decision about investing with the broker. Additionally, if you are not sure if investing is right for you, you should search for advice from a suitable financial advisor. Finally, you have to ensure that you have the relevant experience and knowledge before trading.