Abstract:Swiss Capital is a forex and CFD broker that offers investors a variety of financial instruments for trade with a choice of several account types.
General Information
Swiss Capital is a forex and CFD broker that offers investors a variety of financial instruments for trade with a choice of several account types.
Market Instruments
Swiss Capital offers a wide variety of CFDs, covering forex and scores of commodities, precious metals, indices, stocks and some major crypto coins like Bitcoin, Litecoin, Dash, Ripple and Ethereum.
Accounts & Leverage
There are four kinds of account types for investors to choose from at Swiss Capital, namely Basic (minimum deposit of 5000EUR), Advanced (minimum deposit of 25000EUR), Expert (minimum deposit of 75000EUR) and Capital. Swiss Capital provides leverage of up to 1:200.
Spreads & Commissions
Swiss Capital does not provide the parameters of spreads and commissions on its official website.
Trading Platform Available
Swiss Capital does not provide the popular trading platforms - MT4, MT5 and cTrader respectively. Instead, Swiss Capital is providing a certain web interface which is not as robust as the above mentioned trading platforms.
Deposit & Withdrawal
Clients may deposit or withdraw via the standard Visa and MasterCard, as well as bank-wire, however, e-wallets such as Skrill are not supported. Swiss Capital charges monthly inactivity fee - 10% of the available cash on the trading account.
Trading Hours
The trading times at Swiss Capital depend on the specific market. The forex market, for example, is open 24 hours a day, 5 days a week.
Accepted Countries
Swiss Capital seems to target European investors, as its website is available in English, Spanish, and German.
Customer Support
If clients have any questions or concerns, please call +41415600267 or email support@swiss-capital.fm for consultation.
Risk Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Traders from the US, Pakistan, and Indonesia have notably raised complaints about Duhani Capital, a non-regulated broker. It has been proven to indulge in scammy practices, withholding traders’ funds, altering spreads without notifications and account terminations.
Traders, including one from Japan, have raised concerns about iFourX, an unregulated broker, for their scammy tactics. The trader has witnessed blocked withdrawals, silent customer support, and restrictive account practices when dealing with the platform.
A trader using Alieus Capital has raised serious concerns about the broker’s practices. They have reported an unapproved withdrawal request pending since March 18, with no live support and unanswered emails, which led to concerns about the broker’s operations.