✔️ Information reviewed and updated in February 2024 by Pedro Martínez González

In this section we will tell you why You should NOT invest in Swissquote. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…

A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about Swissquote and tell you why we reached that conclusion:

Basic Information

🌐 Websiteswissquote.com
🏠 Company*Swissquote Bank Ltd
RegulatoryNot regulated
📧 Emaildoes not have
📈 Leadingown platform
📌 AddressSwitzerland

⚠️ Swissquote is owned by Swissquote Bank Ltd, the company is located in Switzerland, potentially dangerous for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. The company is located in a very unsafe place, be careful. ⚠️

Account types

We now move on to analyze the account types offered by Swissquote, in this case, we note that it does not offer account types.

Information on the web

Swissquote website

Swissquote provides the following help or resources to traders or interested parties: a brief explanation about the services it offers, market news and analysis, FAQ section, not much else.

List of phone numbers

+41 44 825 88 88

🚫 Swissquote final assessment 🚫

Finally, and in a few words, our recommendation is: DO NOT INVEST WITH Swissquote.

As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.

In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!

Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.

Updates

News about Swissquote:

Date Update – news
September 2023We receive a large number of messages from Swissquote clients who claim that they cannot withdraw their capital.

User Reviews

What do you think of Swissquote? What has been your experience?

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with Swissquote.

At the end of the review you will find customer comments.


How to Claim Money Scammed by Swissquote

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report Swissquote

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

How can I report Swissquote?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is Swissquote a scam – is it a scam?

Yes. We believe that Swissquote is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.

Is Swissquote trustworthy?

No. Swissquote is not trustworthy, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.

How to recover money from Swissquote?

If you want to know how to recover your capital, you can see it is located here. We explain in detail the process of recovering money from a scam company, step by step.

Are there (recommended) alternatives to Swissquote?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

7 comments on «Is Swissquote a scam? Opinions»

  1. Susana Reply

    Hello! They scammed me on a website where I put money to generate profits, then to withdraw it they asked me for more for taxes and thus, they scammed me a lot of money! Then I contacted a British lawyer who resolved everything quickly for me to be able to recover some of my money and it is precisely with that bank that Swissquote mentions, in which they send me an email assuring me of my money but ask me to pay 1200 usd for the opening and so on. release my money, which was supposedly sent to me via cryptocurrencies. Everything raises a lot of doubts in me, and even more so after all the money they scammed me from. I have all the proof of what happened to me, if you can help me it would be great

    • Recommended-brokers.com Reply

      Hello Susana, I think they tried to scam you but I highly doubt they were from Swissquote since it is a regulated bank/broker and we have had no complaints about it. Do you have emails or the website of the entity that contacted you?

      Greetings.

  2. FRANCISCO DIAZ GOMEZ Reply

    Hello, good morning. I am writing to see if you can help me with some decisions that I should make regarding some investments that I made in the past, which they called me under international law for a recovery of capital, which they told me that they work with banks and they found my capital in a Swiss bank called swissquote bank and that I had to open a transitory account in another bank that is from England called central bank which the swiss bank already transferred the funds to my account to the central bank the problem is I have to deposit 5000usd to activate the account to be able to make the withdrawal. I don't know if this could be a scam.

    And the other problem is that I have is that they called me from legal recovery for another recovery of capital that is from omega space for a total of 13300 usd that only 9700 usd could be recovered and from everfx for a total of 24750 usd it can only be recovered 19000 usd and these lawyers brought the lawsuit to the lcia, which is the international court that I have to pay to the court around 700 usd to be able to make the withdrawals of those capitals, I don't know if this can also be a scam or who can ask about these topics.

    Atte.

    FRANCISCO DIAZ GOMEZ

    • Recommended-brokers.com Reply

      Hello FRANCISCO, those of International Law will tell you that they have already recovered it (obviously it will be a lie) and they will tell you to pay 10% or another figure, you will pay, you will not have recovered your money and you will have to start over to recover your money with a SERIOUS AND PROVEN RECOVERY LIKE MYCHARGEBACK.

      Thank you for sharing your experience with Abogados online International Law. This supposed law firm is a SCAM. Do not send them money, they want to get as much money as possible from you with lies, they are linked to the broker that previously SCAMED you, they are not going to help you, they only make you see it to collect money and in the end they keep EVERYTHING again.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      regards

  3. Laura Garces Reply

    Swissquote won't let me withdraw my money guys

    • Recommended-brokers.com Reply

      Hello Laureano Garcés, thank you for commenting on Swissquote. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

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