Swiss Crypto Bank Broker Review

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Swiss Crypto Bank Broker Review

• Swiss Crypto Bank allows you to trade crypto and CFDs.
• your funds are at risk.
• Brokers do not offer demo accounts, only live ones.

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Overview

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FAQ

Swiss Crypto Bank Broker Review – Facts That Swiss-CryptoBank.io Is a Scam

Swiss prefixes in brokers’ names give them confidence in gaining clients. The Swiss Crypto Bank forex firm is using this particular name to mislead clients about its headquarters and products.

Let’s read our unbiased review to learn more about Swiss Crypto Bank.

Also, check out our recently updated scam broker reviews of ForbsChain, Trade Vision Group, and EGL Sverige. There is a danger to your funds with them!

1. A scam broker with an unregulated status
2. Licensed by: Unlicensed company / unregulated
3. Fraudulent websites: swiss-cryptobank.io / swisscryptobank.group (inactive)
4. Trading Status: Active Forex Scam
5. Scam listed by: FINMA
6. Owner of the broker: N/A
7. Country of Headquarters: N/A
8. Date of foundation: N/A
9. Trading platforms: MT4
10. Trading on mobile devices is possible.
11. A minimum deposit of $10,000 is required.
12. No deposit bonus
13. Trading of crypto assets is available.
14. Trading CFDs is an option: Yes, you can trade CFDs
15. The following trading instruments are available: Forex (FX) / Indices / Commodities / Shares / Cryptocurrencies
16. Leverage maximum: 1:400
17. No Islamic Accounts are available
18. Demo Accounts are not available for free.
19. Clients from the United States are not accepted: US traders are not accepted.
20. Fraud Protection Experts’ Verdict: Don’t Invest in This Scam Broker!

Swiss Crypto Bank Regulation – Is The Broker Legit?

Founded in an unspecified location, SwissCryptoBank is an anonymous broker. I don’t think it’s a good start for judgment. I believe the company is based offshore, most likely in the Caribbean area, based on the phone number for the contact.

This is another red flag for this trading firm. Without a location, we cannot determine where to look for regulations. ASIC, BaFin, and the FCA are some of the significant Tier1 regulators we’ve checked.

Questions About License – Reputation Problems

Besides the fact that Swiss Crypto Bank isn’t regulated, its reputation is terrible. There is nothing good to say about us from our clients. Their only goal is to file a complaint and get their money back.

You should read this review until the end if you were a victim of the Swiss Crypto Bank scam.

We also recommend avoiding brokers who are not regulated, such as EqualityFin, InvestBY, and FiatVisions. Don’t invest your money in them without thinking twice!

Scam Warnings From Financial Watchdogs

As the broker used the Swiss name, Swiss authorities responded to his scheme. 

Warning Issued by FINMA

Switzerland’s financial watchdog, FINMA, issued an official warning claiming that the SwissCryptoBank trading scam is unrelated to Switzerland and that SwissCryptoBank does not have a registered domicile in Switzerland.

Scammed By Swiss Crypto Bank Broker? – Talk To Our Recovery Experts

We want to hear from you if SwissCryptoBank or a similar bogus brokerage scammed you. You can file a dispute with Global Fraud Protection and request a chargeback with our recovery experts.

Please take the necessary steps and get your money back instead of letting scammers run with it!

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FAQ Section:

1. What Is Swiss Crypto Bank, And Should I Invest Money In It?

Essentially, Swiss Crypto Bank offers Forex and CFDs online without a license.

2. Can I Trade Cryptocurrencies And CFDs With a Swiss Crypto Bank Broker?

Swiss Crypto Bank allows you to trade crypto and CFDs.

3. Are My Funds Safe With Swiss Crypto Bank?

Due to the broker’s blocklisting in Switzerland and marking as fraud, your funds are at risk.