Swiss Capital Review – 5 things you should know about

Swiss Capital Review – 5 things you should know about

Swiss Capital is a CFD brokerage we believe is based in Switzerland. It provides а web-based trading platform, not the the MetaTrader 4 platform. The required minimum deposit is the industry average of $250 but the spread is not disclosed.

Swiss Capital regulation & safety of funds

Reading through the terms and conditions of the brokerage we discover only a Swiss contact address which isn’t much to go on. We remind readers that Switzerland is deeply integrated within the European Union and online Forex trading is duly included within their regulatory framework which is modeled after the ESMA guidelines.

However, we find no mention of a license by the Swiss authorities – thus we may safely conclude that the brokerage Swiss Capital does not fall under any regulatory oversight whatsoever. For the sake of diligence we ran a quick search on the online registry of the Estonian financial regulator and can confirm that the brokerage is not licensed which leads us to conclude that the brokerage has been targeting European traders without proper authorization.

Another big problem with the brokerage is that researching it on the web we come across official warning issued by the Swiss FINMA and which reads that the broker has been targeting traders without proper authorization and further taking part in scam operations. In other words – we believe that any potential client will be exposed to a substantial amount of risk.

Traders needn’t have to worry themselves with such risk if they choose to trade with a brokerage regulated and authorized by a prestigious regulatory agency. Such agencies are the FCA in the UK or CySec in Cyprus which have been leading names in Forex trading for some time now. Their regulatory framework is composed of a number of strict rules which prevent clients from falling victims to fraud. Such rules include the segregation of accounts which assures that commingling with the client’s money is not possible. Furthermore, a license by such a regulatory body entails participation in a financial mechanism by which clients may be compensated if they suffer losses due to fraud or bankruptcy. With the FCA the compensation is up to 85 000 pounds, where as with CySEC it is up to 20 000 euro per person.

Swiss Capital trading software

Furthermore, we always view the lack of MetaTrader 4 as a serious disadvantage. The MT4 is among the foremost trading terminals in Forex trading at the moment, close to 80 percent of users prefer it. The platform provides an advanced charting package, lots of technical indicators, extensive back-testing environment and a variety of Expert Advisors (EAs). Instead, there is web-based trading terminal which does not have discernible trading conditions and we are left without sufficient information regarding the most crucial aspect of Forex trading.

Swiss Capital deposit/withdrawal methods and fees

Clients may deposit or withdraw via the standard Visa and MasterCard, as well as bank-wire, however, e-wallets such as Skrill are not supported.

Going through the terms and conditions of the brokerage we did  come upon provisions which are worth noting. There are withdrawal conditions pertaining to accounts that have taken advantage of the bonus promotion. A trader has to achieve a certain trading volume in order to be eligible for withdrawal which is purposefully excessive in order to impede any trader from actually receiving his money.

This is why we advise traders to always put up only the required minimum deposit, instead of risking a bigger amount with no certainty. Afterwards, they may also try to withdraw a small amount in order to check for any unexpected fees or delays. Such fees and delays are usually the signs of a scammer.

How does the scam work?

Even though the forex trading world is extremely large and encompasses millions of people around the globe, the most common scamming is pretty simple and straightforward and as such – it’s not particularly daring to avoid. Here is a quick overview of how it is done:

Through clicking an ad with promises for fast money, you will be redirected to a website such as Bitcoin Evolution or Cashless PayGroup where registration will require you to give your address, email and phone number. After sharing your personal information, you will being receiving calls from brokers, compelling you to invest with them and win big. After a few minutes hearing their pitches, you decide to deposit some $200-250. And just like that – the scammers take a fat commission from this initial deposit.

After they are done with you, senior scammers begin working you into putting even more money. They say it’s the only way to profit from trading even more. After making the mistake of investing even further, you’ll begin wanting to get out of this and withdraw what you have left.

Unfortunately, the con-artists have no such thing in mind. They will now begin persuading you to wait it out and not withdraw right now. The angle here is pretty blunt – traders have a limited time period for filing a chargeback with their bank and get their money back. The “recovery department” will simply want to mislead you into missing thе crucial period and, along the way, losing any chance you might have of getting the money back.

It is important here to take notice that both Visa and MasterCard are taking measures to combat unregulated forex brokerages by classifying all forex transactions as high risk. And  they are correct in doing so. Furthermore, supporting their intention with clear actions – MasterCard has increased the previous time period of six months for filing a chargeback to a year and a half.

What to do when scammed?

As was mentioned above, scamming is quite the common in the trading world and, sadly, even you might suffer from it. In such an unfortunate case there still may be some available options for you.

You may contact your bank or credit card provider and file a chargeback. 

If, however, you have provided the broker with your credit card details, immediately cancel your credit card.

If you have given information regarding your online banking pass – you should switch it asap!

Beware of potential calls from self-described “recovery agencies”! They prey on scammed and vulnerable traders who are desperate to recover their losses. They will require an “up-front” payment to help you, but after paying them, no such help will be coming your way!


Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite
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UK, Australia4.85/5$50 Click for a special offerWebsite
Cyprus, SVG4.8/5$100 Click for a special offerWebsite
Cyprus, Bermuda4.75/5$50 Click for a special offerWebsite


  1. I am in the middle of being scammed by SwissCapital FM. I invested a lot of money which I tripled in 6 months by trading without much help from them. Two weeks ago I asked to withdraw it. They are saying I have to pay a 20% blockchain tax into a Bitpanda account (bit coin purchase) to release my money which I cannot afford and which they say they cannot take out of my SwissCapital FM account. I said I would rather pay the 28% Capital Gains tax on it. Apparently they do not allow this.
    In their terms and conditions for withdrawals (found in 2 places on their website) it says, ‘the approval process can take up to 3 business days. Once approved, the transfer will take place directly to the payment method used to deposit’ – THIS IS FALSE. I used a credit card and they are now saying that they can change their terms and conditions WITHOUT letting the client know and that paying the blockchain tax is the only way to withdraw my money. I now know I have been scammed as I know if I pay the 20% tax into a Bitpanda account, I will never see that money again or the money I initially invested into trading with SwissCapital FM.
    On top of this it says that if you do not use your account in 90 days then they will charge a 10% fee for inactivity – so basically you’re screwed either way!
    I have learnt the very hard way – DO NOT touch this company. I’ve been stung very badly and can’t believe I’ve been so stupid.

    1. Same here, very mean and wicked people

  2. Minus stars for Swiss Capital FM. Absolute screaming scam. Do not under any conditions give them your money.
    Do not entertain their calls, they will lure you in, their silver tongued agents will charm you, ‘convince’ you to part with your hard earned cash with promises of great returns. One of those agents, Milana Scholl, not her real name, is responsible for losing peoples money, including mine. I’ve seen her mentioned in a few reviews – she’s a liar and a fraud. Don’t know how she sleeps at night!
    She built up my account to over 8k, and within 2 days blew the lot using some crazy extreme high risk trading. And then had the gall to try to get me to hedge the trades!!
    I hope and pray that this company and their unscrupulous account managers get the comeuppance that is due them.

  3. Do not put money in Swiss Capital. At first they put interest in you and gain your trust and make you invest more. However the withdrawal is manual process and you will never be able to get you money back.

  4. I wish I had seen this review before I got involved. From the initial investment of 250 Euros they then pressured me on the first day to put in 5,000 and the next day it changed to 10,000. I have been trying to recover my equity and although I have completed the form correctly (it’s a simple form), they keep telling me I have done something wrong and I have now tried 4x to get them to process the refund. Their emails don’t have names of people or company logos or anything legit to verify them. I can’t believe I have fallen for a scam as I am very educated and careful. They called from a number that was from my country, which is why I thought it was safe at the start. This needs to be broadcasted far and wide so other poor people do not go through this. They are vultures and clearly not working ethically and in the best interest of us the “Client”. I am not hopeful I will receive any of my investment back. I am only thankful to God that I didn’t put in any more than the original 250 Euros.

    1. I believe with the chargeback you can, just try and speak with your bank, I spent the same, they try to lure me to deposit more, and my bank kept declining, they just opened my mind today to know they are scammers.

      1. Mine was in June too, and the bank opened my eyes too, but they wasted time and now blamimg me that I did not send the information they demanded, that the time is now over that it is only 90 days when it happened, they now ask me to contact the ombusman to be able to reclaim the money.

    2. Is this company call swissfxcapital. Or this is deferent one

    3. This is so true of their carry on. I havebeen told that I was receive my money back and that I needed to pay a transfer fee of 4000 euro and when the account manager received the fee he refused to contact me. Bryan Smith is the finance manager. He is good at the job of scamming people.

  5. Lord of the Rings

    This is good. I have just been contacted by one of their agents. He called about two weeks ago, and I told him to call back at the end of the month. That was to give me the chance to read about them and do my due diligence. he called back today and I gave him time to walk me through their site, I asked a lot of questions and he was very pushy, trying all he can to make me invest. At a point, he said they will add another 250 euro to my deposit so I can trade with 500 euro. All the while, I know deep down me that I will not invest as I am yet to know anything about them. I again pushed him to call me next week after the salary is paid then I will invest. That was how I got him off the phone. So I jumped on Google to read about them. This is the first and I am convinced they are scammers just as I suspected. Please, guys, be careful of these hard bad guys out there. They will say anything to get their hands on your money.

    1. After reading all these terrible rewieves i really do not know what to do nor who to contact. is there please some way to withdraw the money? Or did I fall for an absolute scam.

      1. I have also been scammed by Did you find someone reliable to assist you ??

  6. I give minus minus star to this scamming company. This woman by the name of Milana Scholl is a real con artist.

    I registered after clicking an Ad. A person called me right away to establish communication and that he would forwarded me to an account manager, which happened to be Ms Milana Scholl. She persuaded me to make a 250 Euro payment. After succeeded that she asked me to deposit 5000 Euros for quick profit. Immediately hearing that, I asked for the withdrawal of my 250 Euros. She sent me that withdrawal form, I filled it and sent is back.

    I was not sending any reply till now. With the only message I received each time I wrote her is below:

    Your message wasn’t delivered to [email protected] because the domain couldn’t be found. Check for typos or unnecessary spaces and try again.

    And last few days, a person called me about my account Ms Milana did not reply to for the withdraw. I was asked to invest the 250 Euros I still have in my account. I told him. The domain is not working, how? He said he had no idea but my account is ready for trading he said. I am confused and would not recommend to invest with this company.

    Their new domain for their scamming platform is now.

    Do not waste your time and money there too.

    1. Thieves, everything you said happened to me

  7. I just got a call from these people, first he told me is calling me from Switzerland, upon my mention of “Oh you are calling me from a UK number, he said he is using a UK line” …. Scam written all over and after reading all these comments they can say goodbye to my hard earned money.

    Sorry Swiss-Capital, NOT TODAY!!!

    1. If you speak with assurance, they would now say, yes calling from the internet, then, what is the need of calling with a digital uk number?

  8. Total scam…trying to withdraw funds and none coming as yet… Do not even deposit a cent as money lost…Milano Scholl is an evil woman and this company should be closed down

    1. Oh my god that women should burn in hell.. who ever the fuck she is

  9. Keep away from Swiss Capital – and I repeat KEEP AWAY !!!!!!!!!!
    IT IS SCAM of the worst kind…
    I was looking for some automated trading platform where I could trade some Bitcoin. I just thought that It was worth a try to see if that could something of interest. I found a page from Swiss Capital where I could se the software working and I decided to try investing 250 EURO – just for the fun of it. I thought that that was a amount that I could affort to lose. Just after I had transferred the money I could see the deposit on my screen in the software platform. I could not trade or do anything and short after that I was contacted by Milana Scholl that persuade me to transfeer 2500 more that she had some wunderfull investing possibility that I could make a lot of money on.
    She transfered me to a nother Swiss Capital platform
    Here she made a little investment on my new account an she had proffit at once – so I trusted her. Maybe I should have heard the warning bells now – but no way. I looked at the internet for informations about scam and Swizz Capital but could not find anything – maybe I did not look enough – or would see it.
    Over a period of aprox. 2 month my Capital/investment was up with aprox 40% and on the surface it looked fine. The trouble was that Milana was trading on my account without consulting me or ask if I was interested in the trade. She had i 2 month called me to get more money into my account because she had some wunderfull investments – but something told me not to do it.

    One of the problems with investments on Swiss Capital is that when you invest there are at time limited – the trade are only open for aprox 14 days – then it is automatic cloced. That are a big problem if you have a potential loss comming your way – you cant do a thing. It is not possible to move the stop/loss so you have NO possibilites to move stop/profit limit. After using the platform for aprox. 2 month i decided to withdraw my money and at the same time I changed my password on my account so Milana could NOT make any trades on my account anymore.

    I had aprox 3500 EURO on my account and I asked for a withdrawal. It took some time, but after 3 weeks I got the message that a account manager chould aprove my withdrawal but nothing happend. I wrote to Milana to get some help to get my money back. AND NOW the fraud behavior realy got into action. She asked to get my password so she could help me settle my account and get my money back. At that moment I had 3550 Euro on my account minus some bonus of 750 – so in total 2700 EURO that was my MONEY.

    I gave Milana my password and hoped that she would help me settle my account. And she did, she really DID …….. in 5 minuts she opened and cloced 5-6 trades and lost aprox 2600 EURO within 10 minuts. Now she clame that I have a account with a accountmanager and a managed account must have a trade voulmen – so she had to do some trades to fullfill that demand/volume. I have never signed any paper or anything that mentions that I – have a managed account – have to do some special volumen trade – recieve bonus etc.

    Its is just strange that she lost almost my 2700 Euro not all – and not more than that. Now I have some 91 EURO on my account and a open bonus on 750 Euro that she claim I have used. I am normal very cautious with my money – and I dont belive that the above are my story. I would have expected to read the story here – but NOT my story !!!!


    1. All of them are rogues, one is Daniel Bryan as well, those names might not be their real names either.

  10. They asked me for £250 up front then needed lots of ID to start trading which I became unhappy with. Then I asked for my money back, they couldn’t do that as they didn’t have all my ID so I forwarded it all to them. Then they needed my IBAN and swift numbers, a waiver agreement and bank details to which I gave.
    Then the bankingswiss arm said my broker had to ok it. He wouldn’t, I asked again for my cash back they said my broker needed to ok it, Joseph Steinberg. Then Banking swiss said my broker was [email protected] so I told them to give me my money back. I wrote to mark, whomever he is , and asked him to let banking swiss give me my money back. They then asked me for another waiver letter, my IBAN and swift number again.
    These people are parasites, do not give them your money, you WILL NOT see it again.
    The names used are obviously all fake and no doubt used to identify who is giving them the terrible reviews. Basically, a bunch of cants

  11. I also invested with Swiss n for 3/4 months been fighting to get my return from them. The latest thing Or scam!! they hv said so I avoid paying tax is use a company called bitxtech where Swiss will transfer my funds to this company and Bitxtech liquidate the money and then bitxtech will send money to my uk acct!!?? Has anyone else heard or tried this or this just more bullshit??

  12. I invested 500 euro and had a broker with swiss capital who wasn’t interested when my account dropped to less than 300 euros. I then forgot about it until I got a phone call from swiss capital to say I had 5000 euros and I could withdraw it but had to pay 20%. Im still wondering what to do. HELP…

  13. Will I lose The 20% fee swiss capital say is tax to withdraw my money???

  14. Thieves liars and deceivers from the pitt of hell. MILANA SCHOLL is a thief, scammer and deceiver. You will not see your money again. She operated under ” Trade Toro ” as my account manager alongside the thief ANDY PITT and the other thief RAY ROSENBERG. They stole £3000 Avoid at all costs!!!!!!

  15. Seems they have an affiliate under This is a wordpress page with bugs in spelling and password fields showing passwords while your “Financial advisor” is wathich via AnyConnect. The story here: We bring your lost money back. “Bank of London has found cryptos that belong to you”. Create an account and you do NOT receive an instant verification for your E-Mail (Double-opt-In)

  16. After 8 months of Swiss Capital trying to phone me and I just put the phone down, seems like they have a new angle. The one call was tax related, the other bank charges related to recover the funds. They are desperate and good. Avoid at all costs. I instructed them to donate my money just to get them off my back.
    But my info is out there and they are just passing it along to the next convincing caller.
    I received a call today from Blockchain, informing me that Swiss Capital lost their trading licence, and they have recovered my funds.
    I need to open an eWallet account so that they can transfer my funds.
    Just got another scam written all over it.
    How do I get these guys of my back?
    They are phoning me 3-10 times a week.

    1. They do the same to me, changing callers.

  17. They keep calling me every day! How to get rid of them? Its terrible! They don’t listen that i don’t want to deal with them any more!

  18. UAE Residents: This company has frauded many people including me, Swiss prime and Swiss capital are the same their offices are in blue bay tower, If your fraud happened in UAE, we will help you for free, we are collecting data of as many victims as we can to make a class action lawsuit against this company, kindly email the entire situation what happened and i will personally get in touch with you, Unified we will stand and go to the full extent of the law and take strict legal action against fraudulent practices.

    1. Hello I was defrauded around Christmas time. Where shall I send my account of what happened please?

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