Since SWISSFXs official website (https://swissfx24.net ) is temporarily down, we could only piece together a rough picture of xx as a forex broker by gathering relevant information from other websites.
General Information
Registered in the United Kingdom, SWISSFX 24 is a forex broker providing access various financial markets, Currency pairs, CFDs on Indices, Commodities, and Stocks. With the SWISSFX 24 platform, investors can get access to three trading accounts: Silver, Gold and Platinum, the minimum deposit to invest with this broker starting at $500.
SWISSFX24 is not subject to any regulation, please be aware of the risk.
Market Instruments
SWISSFX24 boasts that it provides currency pairs, as well as CFDs on indices, commodities, and stocks.
Account Types
Three types of trading accounts are on offer: Silver, Gold and Platinum. The minimum deposit for each account is high, with the Silver from $500, the Gold account from $5,000 and the Platinum account from $50,000.
Please note that trading with an unregulated forex broker asking for so high deposits is taking huge risk.
Leverage
When it comes to leverage, SWISSFX 24 allows its clients to use leverage of up to 1:400, higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.
Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.
Spreads & Commissions
Spreads and commissions are tightly associated with account types. The minimum spreads offered by the Silver account is from 1.9 pips, which is slightly higher than the industry standard.
Trading Platform
What SWISSFX 24 provides is not the industry-leading MT4 or MT5 trading platform.
Customer Support
If clients have any inquiries of trading-related issues, they can get in touch with this broker through the following contact channels:
Telephone: +441613941527
Email: support@swissfx24.net
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
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