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!


Rich Snippet Data
Review Date
Reviewed Broker
Swiss Capital
Broker Rating

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  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.

  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.

  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.

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