Swiss24

Evaluating Swiss24 for safety and reliability reveals significant concerns. According to WikiFX data, the broker holds an overall score of 1.52 out of 10, which is an extremely low rating. This score reflects a high-risk profile primarily due to the entity operating without any valid regulatory oversight from major financial authorities. The absence of regulation means client funds are not protected under standard compensation schemes, and there is no external supervisory body to resolve disputes. Potential traders should exercise extreme caution.

No, Swiss24 is not a regulated broker. According to WikiFX data, the entity operates under Axis Solutions LTD, registered in the United Kingdom, but holds no valid forex trading licenses from recognized regulators such as the UK's FCA, ASIC, or CySEC. The regulatory status is explicitly listed as 'No Regulation,' and the license index score is 0.0. Trading with an unregulated entity carries inherent risks, including a lack of fund segregation and formal dispute resolution channels.

Swiss24 offers several account types with varying minimum deposit requirements. The entry point is the 'micro' account, which requires a minimum deposit of €500. Other account types have higher entry conditions: the ECN account requires €2,500, the Islamic and gold accounts require €5,000, and the VIP account has a significantly higher minimum deposit of €25,000. This tiered structure caters to different levels of capital commitment from traders.

The available data does not explicitly list the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms as part of Swiss24's offering. According to WikiFX assessments, the broker's software infrastructure receives a rating of 4.0 out of 10, which indicates a basic trading platform capability. Traders interested in specific platforms should verify this information directly with the broker or look for platform specifications in their detailed account terms.