FCA warns against clone firm Swiss Capital Invest

FCA warns against clone firm Swiss Capital Invest

Financial services provider Swiss Capital Invest has just been added to the warning list of the Financial Conduct Authority in the UK as a “clone” firm.

According to the official warning the firm does not hold the proper license by the FCA for providing financial services to British traders and is operating outside the law.

Swiss Capital Invest does not disclose much information about itself on its website and we see no trading platform available, however, it does purport to be “regulated” by the FCA and even gives a phony reference number in order to make it more believable. The firm supposedly offers wealth and asset management, as well as “institutional investing.”

According to the official warning issued by the British financial watchdog – Swiss Capital Invest is actually a clone firm of legitimate FCA-regulated Swiss Capital Invest Holding (Dublin) Limited with a reference number 658156 and address Newmount House, 22-24 Lower Mount Street, Dublin 2, Ireland.

The FCA has provided traders with a consumer helpline and urges anyone that has been “cold called” or targeted in any way by representatives of Swiss Capital Invest to reach them on 0800 111 6768. UK’s main financial regulator regularly updates its warning list and recommends traders always run a quick check on a brokerage on their online registry before investing funds with them.

 

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1 Comment

  1. Swiss capital fx is a fraud company.. they simply take your money and you will lose all the money you deposit with these guys… i accidentally created the account with them and some one called me straight away and literary forced me to deposit €250.. i paid that amonunt in my account. Then some one called me next day and said there is bit coin halloween is coming and if i put some money they can put €500 in my live account. They were asking for €5000 but i said i do not have that amount… so they literally convinced me to put at least €1000. So was a bad day i put another €1000 with them.. they have added €500 in my account. So my total deposit was €1750. After that i read some bad reviews about this company like FCA has banned this company. I ldecided to withdraw my money.i filled the withdrawal form and submit them. Same broker called me again and said let me open trade for you so at last you can make some money. I like to build relation so that we can work together again in future.. he opened the trade in crude oil and put all my money at risk.. in 5 sec trade is closed and i lost all €1750 in one single trade… that broker called me again and wanted to put extra €1000 so that i can recover my loss.. but i didn’t gave any money further…please do not trade with them you will loose every thing.

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