The Official Website Of Swiss29 Cannot Be Accessed Properly At The Moment. It Seems That The Company Has Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information, For Reference Only.
Market Tools
Swiss29 Advertises That It Has Access To Over 10,000 Trading Instruments In Financial Marekt, Including Stocks, Cryptocurrencies, Forex And Indices.
Leverage
The Maximum Leverage Swiss29 Offers Is Capped At 1:25, In Line With UK Law. It Is Important To Remember That The Greater The Leverage, The Greater The Risk Of Losing Your Deposits. The Use Of Leverage Can Be Used Both To Your Advantage And Against You.
Spread
As Tested On Webtrader Swiss29, We Got A EUR/USD Spread Of 0.1 Pips.
Trading Platform AvailablePlatform Available For Trading Swiss29 Is One Of The Most Famous And Popular Trading Platforms On The Market - Metatrader5, Anydesk And Teamviewer, Compatible With Windows, Mac, Android And Ios Devices.
Anyway, You'd Better Choose Brokers That Offer Leading MT4 And MT5. These Brokers Have Been Praised By Traders And Brokers Alike For Their Ease Of Use And Powerful Features, Offering Top-notch Charts And Flexible Customization Options. They Are Especially Popular For Their Automated Trading Robots (aka Expert Advisors).
Deposits And Withdrawals
From The User Area, We Understand That Customers Can Invest Via Credit/debit Cards, BTC Wallets, Cryptocurrency Exchanges, Bank Transfers, PayStudio, GarryPay (not Running), GR8Pay, PayPound, And CoiniCash. It Is Said That The Minimum Initial Deposit Requirement Is $250 And The Minimum Withdrawal Amount Is $100.
Bonus
Swiss29 Says To Offer Some Bonuses, Which Vary Depending On The Type Of Account. For Example, Bonuses Of Up To 30% On Silver Accounts, Up To 50% On Gold Accounts And Up To 75% On Platinum Accounts. However, According To The Terms And Conditions, The Broker States That It Has The Right To Recover All Such Funds If It Is Confirmed That Non-deposit Funds Have Been Withdrawn.
2022-02-21 CNMV Adds Swiss29 To Warning List
On February 21, 2022, CNMV Issued A Warning That Swiss29 Was Not Authorized To Provide Investment Services. You Can Visit The Following Website For Details: Http://www.cnmv.es/portal/verDoc.axd?t = {f42d4b91 -a5f1-44d7-bc00-cacc26fa9ebf}
2022-03-04 We Have Reviewed And Confirmed That Swiss29 Is An Unregulated Foreign Exchange Broker
Looking At The "Terms And Conditions" Section Of This Broker's Website, We Found That Swiss29 Claims That Its Company Is Registered In Switzerland, But No Results Matching Any Swiss29 Were Found In The Swiss Financial Marekt Supervisory Authority (FINMA). Therefore, Swiss29 Is Not Regulated By Any Regulatory Body.
More Importantly, CNMV Has Issued A Warning That The Company Is Not Authorized To Provide Foreign Exchange Investment Services. This Means That If There Is A Problem With The Transaction, It Is Difficult For Customers To Get Back Their Funds Invested In The Company. In Other Words, The Funds Invested By Investors In This Broker Are Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Trader.
Since We Can't Access The Broker's Website Now, We Can't Get More And More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For The Regulation, It Has Been Verified That Swiss29 Has Not Obtained Any Valid License At Present.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Number Or Company Address.
Note: Swiss29 As A, Unregulated Broker, This Means That The Client's Investment May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold The Company Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
