In this section we will analyze the broker Swiss Prime (also called swissprime.cc), is a Forex, Cryptocurrency and CFD broker. Is Swiss Prime really recommended for making an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we did a review on Swiss Prime. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being a part of: they don't mention it.
As to its location, the broker mentions being based on: it does not mention where it is located.
If we analyze the regulation of the broker: they do not mention anything about being a regulated broker, which makes us think that it is an unregulated broker.
If now we go on to analyze account types offered by Swiss Prime, we note that it offers 3 different types of account / plans: the Standard Account, the Premium Account and the Luxury Account. We leave an image with a little information about each type of account.
Standard Account: minimum initial deposit of $ 250, Swiss Prime trading platform, spread from 0.6 pips, leverage to 1: 200, currency pairs: 70, crypto: 20, indices: 15, commodities: 5, stop out level: 50% , negative balance protection.
Premium account: minimum initial deposit of $ 2.500, Swiss Prime trading platform, commission of $ 15 / million, spread from 0.4 pips, leverage up to 1: 100, currency pairs: 100, cryptos: 30, indices: 32, commodities: 14, level stop out: 50%, negative balance protection.
Luxury account: minimum initial deposit of $ 25.000, Swiss Prime trading platform, commission of $ 35 / million, spread from 0.1 pips, leverage up to 1: 200, currency pairs: all, cryptos: all, indices: all, commodities: all, level stop out: 50%, negative balance protection.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that Swiss Prime offers are: the Swiss Prime platform.
We will now analyze the different resources and aids for traders that Swiss Prime provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
Swiss Prime provides the following aids or resources to traders or stakeholders: some live quotes, economic calendar, technical indicators, market summary and some expert analysis, really not much more than this.
| Other information about Swiss prime |
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: +41435881433 (Support) / +34919030206 (Technical support) / +390240709553 (Nnew accounts) / +43720115359 (Existing customers)
Email: be contacted directly from the website.
>>> Assessment on Swiss prime <<
Ending with this section, in our opinion Do we believe that the Swiss Prime company is reliable? Should you invest your money with the company?
The truth is that, we recommend to exercise caution, because: it is an unregulated broker, it does not mention where it is located or what company it belongs to, when looking for reviews about Swiss Prime we did not find any other review, we believe that it is a new broker, without trajectory. We suggest using caution.
⛔ Attention ⛔ : in November 2020 FINMA added Swiss prime to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to FINMA's November 2020 ⚠️ warning
⛔ Attention ⛔ : in January 2021 CNMV added Swiss prime to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to the CNMV January 2021 warning
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.