✔️ 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:
|Swissquote Bank Ltd
|does not have
⚠️ 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. ⚠️
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 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.
News about Swissquote:
|Update – news
|We receive a large number of messages from Swissquote clients who claim that they cannot withdraw their capital.
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.
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.