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Swiss Crypto Bank

Saint Vincent and the Grenadines|2-5 years|
Suspicious Scope of Business|High potential risk|

https://swiss-cryptobank.io/

Website

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Contact

+44 7488871880
support@swiss-cryptobank.io
https://swiss-cryptobank.io/

Licenses

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

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Contact number

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+44 7488871880

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+1 4378374275

Broker Information

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Company Name

Swiss Crypto Bank

Company Abbreviation

Swiss Crypto Bank

Platform registered country and region

Saint Vincent and the Grenadines

Company website
WhatsApp
  • +447871179660

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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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Swiss Crypto Bank · Company Summary

Company Name Swiss Crypto Bank
Regulations No license
Market Instruments Cryptocurrencies, Forex, Commodities, Indices, Shares
Account Types Standard, Silver, Gold, VIP, Pro
Leverage Standard, Silver, Gold (1:200); VIP (1:300); Pro (1:400)
Spread Starts from 0.1 pips
Commission Fee N/A
Minimum Deposit Standard: $10,000; Silver: $50,000; Gold: $100,000; VIP: $250,000; Pro: $1,000,000
Deposit/Withdrawal Methods Credit/Debit Card, Wire Transfer
Trading Platforms MetaTrader 4 (MT4)
Customer Support Telephone, Email, Website Form
Educational Resources N/A

Overview of Swiss Crypto Bank

Swiss Crypto Bank is a brokerage firm that offers a wide range of financial products, allowing traders to explore diverse market instruments across various markets. Their trading platform, based on MetaTrader 4 (MT4), provides a user-friendly interface and powerful analysis tools for convenient trading experiences. With access to the Forex market, cryptocurrencies, commodities, indices, and shares, traders can diversify their portfolios and capitalize on market opportunities. Swiss Crypto Bank caters to traders of all levels, offering different types of trading accounts with varying features and benefits to suit individual preferences.

basic-info

Is Swiss Crypto Bank regulated?

Swiss Crypto Bank does not provide any regulation documents, and it is not currently under the oversight of any legitimate regulatory authority. As an unregulated entity, it is important to consider the potential risks associated with trading with an unregulated broker. Unregulated companies may lack the same level of accountability and transparency as regulated ones, and there is a possibility of them not adhering to industry standards and regulations. Traders should exercise caution when dealing with unregulated brokers, as there may be limited avenues for recourse in case of disputes or issues with the broker's operations.

Pros and Cons

Swiss Crypto Bank offers a wide range of market instruments, including cryptocurrencies, Forex, commodities, indices, and shares, providing traders with diverse investment opportunities. Their trading platform, MetaTrader 4 (MT4), is user-friendly and equipped with powerful analysis tools, enabling traders of all levels to make informed decisions. The availability of different account types allows clients to choose one that aligns with their trading needs and financial goals. Moreover, the broker provides access to cryptocurrency staking, offering an additional way to potentially earn rewards. Additionally, the 24/7 account monitoring by top analysts can be beneficial for traders seeking valuable insights.

One notable drawback of Swiss Crypto Bank is the lack of comprehensive educational resources for traders. The absence of tutorials, webinars, and educational materials may limit the learning opportunities for new and inexperienced traders. Another concern is the lack of regulatory status, as the broker is not overseen by any legitimate financial authority. This unregulated status may raise potential risks and reduce the level of accountability compared to regulated brokers. Additionally, the lack of transparency in the fee structure and the high minimum deposit might deter some potential clients from choosing this broker.

Pros Cons
Wide range of market instruments Lack of educational resources
User-friendly MT4 platform Unregulated status
Various account types Unclear fee structure details
Access to cryptocurrency staking High minimum deposit
24/7 account monitoring

Market Instruments

Swiss Crypto Bank stands out by offering a diverse selection of market instruments across the five largest markets, providing clients with abundant trading opportunities to suit their investment preferences.

In the Forex market, traders can explore the vast currency pairs available, capitalizing on fluctuations in the global foreign exchange market. Meanwhile, the crypto enthusiasts among the client base can delve into the fast-paced and exciting world of cryptocurrencies, where a multitude of digital assets can be traded, ranging from the well-established Bitcoin and Ethereum to emerging altcoins with potential for significant growth. Notably, Swiss Crypto Bank's unique offering of cryptocurrency staking presents an exciting opportunity to participants. By holding and supporting specific cryptocurrencies within the network, users can earn rewards, making the investment experience even more enticing and rewarding.

For those seeking stability and tangible assets, Swiss Crypto Bank extends investment opportunities in commodities such as precious metals like gold and silver, as well as the dynamic oil market. Such options serve as valuable hedges against economic uncertainties and provide a tangible presence in one's investment portfolio. To further diversify their strategies, traders can speculate on market performance through indices, which represent specific sectors or overall market trends. Additionally, Swiss Crypto Bank grants access to shares of publicly listed companies, granting traders the chance to be part of major corporate ventures and capitalize on the performance of renowned businesses.

Account Types

Swiss Crypto Bank offers a range of five trading account types tailored to meet the varying needs and preferences of traders. Each account type comes with its unique features and benefits:

  1. Standard Account: With a minimum deposit of $10,000, this account provides a 20% margin loan. Traders can access a basic account with standard features and trading capabilities.

  2. Silver Account: For a deposit of $50,000, traders can take advantage of a 35% margin loan. This account offers 24/7 account monitoring by a top analyst group, providing valuable insights and support. Additionally, traders get a 3-month Multi-Account Manager (MAM) account for enhanced portfolio management.

  3. Gold Account: Traders can open a Gold Account with a deposit of $100,000, gaining a 50% margin loan. Alongside 24/7 account monitoring by top analysts, this account includes a 6-month MAM account for more extended portfolio management. Traders can also participate in cryptocurrency staking for CRO & BNB, along with monthly sessions with a certified accountant.

  4. VIP Account: For a deposit of $250,000, traders can access the VIP Account, which comes with a 75% margin loan. This account level offers 24/7 account monitoring by top analysts, a 12-month MAM account for comprehensive portfolio management, and the opportunity to stake cryptocurrencies such as SHIBA, DOGE, and BTC. Additionally, traders receive monthly sessions with a certified accountant and personalized support from a VIP advisor. The VIP Account also provides higher leverage, offering traders a 1:300 ratio.

  5. Pro Account: The Pro Account is the highest tier, requiring a minimum deposit of $1,000,000. With a 100% margin loan, traders can maximize their trading potential. Traders can participate in cryptocurrency staking and benefit from monthly sessions with a certified accountant. The Pro Account provides an even higher leverage of 1:400 and offers USDT staking as an additional feature.

account-types

How to open an account in Swiss Crypto Bank?

Opening an account with Swiss Crypto Bank is a straightforward process that can be completed in just a few steps. Here's a step-by-step guide to get you started:

  1. Choose the account type that best suits your trading needs and financial goals, ranging from Standard to Pro, each offering different features and benefits.

  2. Fill out the online registration form with your personal details and create a secure login.

  3. Complete the verification process by submitting the necessary documents to confirm your identity and comply with regulatory requirements.

  4. Fund your trading account with the minimum deposit required for your chosen account type using one of the available payment methods, such as credit/debit card or wire transfer.

  5. Once your account is funded, you can log in to the trading platform using your credentials and start exploring the various market instruments and trading opportunities offered by Swiss Crypto Bank.

  6. With your account fully set up and funded, you can begin executing trades, utilizing the available tools and features to make informed decisions and pursue your trading goals.

Spread and Commission Fees

At Swiss Crypto Bank, traders are presented with a significant advantage in the form of competitive spreads, commencing from impressively low levels of merely 0.1 pips. The tightness of these spreads, representing the minimal variance between the buying (ask) and selling (bid) prices of assets, bestows traders with favorable conditions to pursue their financial goals. By capitalizing on such narrow spreads, clients can execute trades while incurring minimal costs, thereby potentially amplifying their overall profitability.

Leverage

Swiss Crypto Bank offers a leverage ratio of 1:200 to its traders. Leverage is a financial tool that allows traders to control larger positions in the market with a smaller amount of capital. With a 1:200 leverage, for every $1 of the trader's own capital, they can control up to $200 worth of assets. This means that even with a relatively small amount of money, traders have the potential to participate in more significant market movements and potentially amplify their profits.

However, it's crucial to understand that while leverage can increase potential gains, it also magnifies potential losses. Trading with high leverage carries a higher level of risk, as a small adverse price movement can quickly result in significant losses. Traders need to manage their positions and risks carefully to avoid overexposure.

Trading Platform

Swiss Crypto Bank offers a trading platform built on MetaTrader 4 (MT4), a widely acclaimed tool millions of traders use worldwide. The platform provides access to a diverse range of financial instruments, including cryptocurrencies, forex pairs, commodities, and indices. It caters to traders of all levels with its user-friendly interface, powerful technical analysis tools, and real-time financial news and market analysis for fundamental insights. Both desktop and mobile applications are available, ensuring seamless trading across various electronic devices and operating systems. Aspiring traders can leverage the platform's comprehensive technical analysis tools and sophisticated indicators to conduct in-depth market analysis and make well-informed trading decisions.

Meanwhile, experienced traders can rely on its powerful charting capabilities to execute precise strategies and stay ahead of market trends. Additionally, the platform delivers real-time financial news and market analysis, equipping traders with valuable fundamental insights to navigate the ever-changing financial landscape effectively. Whether on a desktop or a mobile device, Swiss Crypto Bank's MT4 platform extends its accessibility, enabling traders to execute trades anytime, anywhere, and across various electronic devices and operating systems, providing unmatched flexibility and convenience for optimal trading experiences.

trading-platform

Deposit & Withdrawal

Swiss Crypto Bank allows customers to deposit funds into their trading accounts through credit/debit cards and wire transfers. Credit/debit card deposits offer instant processing for quick access to the trading platform, while wire transfers provide a secure option for larger deposits. Similarly, withdrawals can be made using credit/debit cards for amounts up to the initial deposit, with additional profits typically transferred via wire transfer. These methods ensure convenient and secure transactions for customers, with necessary terms, fees, and processing times that users should verify through the bank's official channels.

Customer Support

Swiss Crypto Bank offers comprehensive customer support to ensure traders and clients receive timely assistance. You can easily reach the customer support team through multiple channels, including telephone contact at /+1 (548) 481-5734 and email. Whether you prefer direct communication or written queries, Swiss Crypto Bank's support representatives are available to address your inquiries and concerns.

Educational Resources

One notable aspect of Swiss Crypto Bank is the absence of comprehensive educational resources for its traders. Unlike some other brokers in the industry that prioritize trader education, Swiss Crypto Bank does not offer a dedicated educational section or a range of learning materials to assist traders in enhancing their knowledge and skills. Educational resources play a crucial role in empowering traders, especially those who are new to the financial markets. By equipping traders with educational materials, brokers demonstrate a commitment to their client's success and help them make informed decisions while navigating the complexities of trading.

Conclusion

Swiss Crypto Bank offers traders access to various financial markets through a trading platform based on MetaTrader 4 (MT4). The platform provides a user-friendly interface and powerful analysis tools for traders to explore a diverse range of market instruments, including Forex, cryptocurrencies, commodities, indices, and shares. The broker offers five types of trading accounts, each with different features and benefits to cater to different trading needs.

However, a concern raised about Swiss Crypto Bank is the absence of regulatory documents, as the broker does not fall under the oversight of any legitimate financial authority. This lack of regulation raises potential risks for traders, as unregulated brokers may lack the same level of accountability and transparency as regulated ones. Traders are advised to exercise caution and conduct thorough research before engaging with unregulated brokers to ensure the safety of their funds and trading experience.

FAQs

Q: What is the regulatory status of Swiss Crypto Bank?

A: Swiss Crypto Bank is not regulated by any legitimate financial authority.

Q: What is the maximum leverage offered by Swiss Crypto Bank?

A: The general maximum leverage is 1:200 for Standard, Silver, and Gold accounts, with VIP and Pro accounts offering higher leverage up to 1:300 and 1:400, respectively.

Q: How many types of trading accounts does Swiss Crypto Bank offer?

A: Swiss Crypto Bank offers five types of trading accounts: Standard, Silver, Gold, VIP, and Pro, each with different features and benefits.

Q: What trading platform does Swiss Crypto Bank provide?

A: Swiss Crypto Bank offers a trading platform based on MetaTrader 4 (MT4).

Q: What market instruments can be traded on Swiss Crypto Bank?

A: Traders can access a diverse range of market instruments, including Forex, cryptocurrencies, commodities, indices, and shares.

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FX1371152202
more than one year
Swiss Crypto Bank is a lousy company. The trading conditions they offer are not very attractive, but they are quite demanding when it comes to minimum initial deposits, completely disregarding the needs of novice traders who do not have much capital available. Anyway, I have no interest in trading here.
2023-03-14 16:52
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