Reading Time: 5 minutes SCAM RECOVERY

Swiss Capital Bank Review – Is A CFD Trading Scam?

About Swiss Capital Bank Scam

While the name itself suggests that the broker is based in Switzerland and regulated by FINMA, it can’t be further from the actual situation. Read our Swiss Capital Bank review to find out why the broker has such a bad rating on Trustpilot and other websites.

So, you will see why you can never trust a company on their word, and a Swiss Capital Bank broker is an ideal example.

  • But before you continue with online trading, we encourage you to read our recently updated Primefin, TradedWell and AG Markets scam broker reviews. It will save your money, nerves and time!
Broker Status:Unregulated Scam Broker
Regulated by:Unlicensed Company (No Regulation)
Operating Status:Active Forex Trading Scam
Blacklisted as a Scam by:FINMA
Broker Owner:Fintech Group
Headquarters Country:Switzerland
Foundation Year:N/A
Online Trading Platforms:WebTrader
Mobile Trading:Only via web browser
Minimum Deposit:$250
Deposit Bonus:No
Crypto Asset Trading:Available
CFD Trading Option:Yes, you can trade CFDs
Available Trading Instruments:Forex (FX), Commodities, Indices, Shares, Cryptocurrencies
Maximum Leverage:N/A
Islamic Account:Not Available
Free Demo Account:No, only live accounts
Accepts US Clients:US traders are not accepted
Global Fraud Protection Experts’ Verdict:Don’t Invest in This Scam Broker!

Swiss Capital Bank Regulation – Is The Broker Legit?

Swiss Capital Bank is owned by Fintech Group with 3 registered addresses – in London, Zurich, and Vienna. However, none of these countries has Fintech Group or Swiss Capital Bank forex broker as a registered service provider, meaning that we have no confirmation of any of this alleged information.

Therefore, we can say that Swiss Capital Bank’s regulation doesn’t exist, and we are not even sure if the broker is in any of these countries or simply based offshore as many other fraudsters.

Before we go any further, we just want to say that Tomahawk Finance, Flex Capital and DeltaFX are fraudulent brokerage companies.

What’s Wrong With License?

Being based in the UK, Switzerland, and Austria implies holding at least one of the following licenses – FCA, FINMA, or FMA. Yet, this scam company didn’t even try to fake a license; it simply skipped this matter.

However, after carefully examining all of the above, we’ve determined that is yet another fraudulent firm not worth your time or money.

FINMA against Swiss Capital Bank

Scam Warnings From Financial Regulators

Since the broker falsely pretends to be based in Switzerland, even uses a name implying so, we were not surprised to see an official warning from the Swiss regulator FINMA. According to this warning, Swiss Capital Bank is an unauthorized firm, and you shouldn’t expect to be reimbursed by the regulator in case of any issues.

So, beware of this and watch out for the Swiss Capital Bank trading scam.

Swiss Capital Bank Platform Review – Available Trading Software

Swiss Capital Bank trading platform is a proprietary Web trader that cannot be compared to MT4 or MT5 at any level. Since we’re talking about unregulated brokerage, it doesn’t even matter what kind of software they provide, but here’s a detailed review.

CFD Trading Platform – WebTrader

The broker decided to call its web trader CFD trading platform, implying CFDs are the only tradable asset. However, the company offers Forex trading as well on this same platform, so don’t get confused. According to its website, the platform has 30 built-in indicators and 9 time frames, along with customized trading view charts. 

iOS and Android Trading

This same Web trader is available for Android and iOS, while Swiss Capital Bank login is only possible via a mobile web browser. Unfortunately, if you want to download any app for your mobile device, it won’t be possible.

AutoTrading Scam

While, usually, AutoTrading implies following some robotic trades, Swiss Capital Bank brought it to a new level. If you want to have an AutoTrading system, you will have to purchase a so-called “Bundle.” It’s a combination of trading assets leveraged as they usually are, but you’re trading all of them at the same time.

However, you’re the one who chooses when to purchase the package and close the trade, so we don’t quite see what is automated in this type of investment. Yet, it has higher leverage than usual as you have multiple leverages combined, so beware of how easy it is to lose your money this way.

Prohibited Countries

While operating mainly in Europe and Australia, the broker listed several prohibited countries, including the USA, Belgium, Iran, North Korea, France, and more. These are all countries with firm regulators which obviously doesn’t work for the Swiss Capital Bank scam.

Swiss Capital Bank Assets

Swiss Capital Bank Trading Instruments – What Can I Trade?

The broker offers trading on 5 most significant markets, including:

  • Currency pairs
  • Commodities
  • Indices
  • Shares
  • Cryptocurrencies

All of these assets come with the leverage of up to 1:400 and a “tight” spread that hasn’t been disclosed. When it comes to Swiss Capital Bank bonuses for trading, there’s nothing mentioned, yet beware that brokers never give free money, and you will have to pay it off somehow. Trading Accounts – Account Types

There are 4 different account types:

  • Standard
  • Premium
  • VIP
  • Savings

The main difference is in the leverage, spread, and initial deposit. However, for the Savings account it is implied you should contact your account manager, meaning it contains a special offer.

Swiss Capital Bank’s minimum deposit is $250, while the other two accounts require $2,500 and $35,000. With a Premium account, you’re getting a Bundle already purchased.

Demo Account Service

Unfortunately, there’s no Swiss Capital Bank Demo account nor the Islamic account, so traders will have to be satisfied with the basic Live accounts offer.

Swiss Capital Bank Withdrawal Issues – Unable to Withdraw Funds

Not only does this brokerage not support clients during trading, but it also doesn’t allow withdrawals. Once you submit a withdrawal request, you can expect all kinds of excuses from your account manager about why now is not the right time to withdraw your funds.

Also, if you don’t take it and still insist on getting your money back, your account will be suspended, and you will have no chance of seeing your funds again.

Another red flag is the AnyDesk logo on the broker’s main page. It’s an app used by the broker to access your desktop or mobile device and, through it, your online banking.

Scammed By Swiss Capital Bank Broker? – Talk To Our Experts Today!

If you were scammed by Swiss Capital Bank or a similar bogus broker, let us know. Recently, Global Fraud Protection received numerous Swiss Capital Bank complaints coming from its scam victims. We’ve helped many on their way to a refund, let us assist you too!

Contact us via online chat to book your free consultation, and let’s get your money back!

Don’t Let the Scammers Go Away for Free!

FAQ Section:

What Is Swiss Capital Bank, And Should I Invest Money In It?

In simple words, is an online trading broker and not worth your money as it’s unregulated.

What Is The Swiss Capital Bank Minimum Deposit?

Broker’s minimum deposit is $250 for the Standard account.

Which Trading Platforms Are Supported By Swiss Capital Bank Broker?

In fact, company supports only one platform – proprietary WebTrader.