Swiss Premium FX Review – 5 things you should know about

Swiss Premium FX Review – 5 things you should know about

Beware! Swiss Premium FX is an offshore broker! Your investment may be at risk.



Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


Swiss Premium FX looks almost exactly as another forex brokerage that we recently reviewed – from the Terms and Conditions to the account types, leverage, and other details. We highly doubt that this company is legitimate and we are going to look in more detail to prove that.

From the company’s website, we see that this is a brokerage trading in forex, sutures, shares, metals and  cryptocurrency CFD.

To its clients, the company offers 4 accounts, which we are going to look in further down in this review. To register is very easy and instantly you are granted access to the trading account.



Swiss Premium FX Regulation and safety of funds

From the Terms and Conditions document on this company’s website, we find out that Swiss Premium FX is a trade name of KBS Capital Markets LTD and registered in Marshall Islands. We bet you have heard about offshore zones and Marshall Islands is exactly such zone which means that if a forex company is registered there, it is not regulated. What that entails is the fact that if you choose to trade via this company you won’t have any safety of funds guaranteed. If the company goes bankrupt, you lose all your money.

Now we ask you to compare this to brokerages registered and regulated in the well-established jurisdictions. For example, companies registered in EU and regulated by CySEC, not only have to have an initial capital of 730,000 EUR but they also have to contribute to a compensation fund so that in case of bankruptcy, the clients get compensated up to 20,000 EUR per client. Similarly, clients will get compensated up to 85,000 GBP if they trade via a brokerage registered and UK and regulated by FCA.

It’s worth considering these conditions before choosing your forex brokerage. Our advice is, given the fact that forex trading is a very risky business, to seriously consider the above mentioned info before making your decision who to trade with.

Swiss Premium FX Trading software

To its traders, Swiss Premium FX offers MetaTrader 4 trading platform and a web trader. MT4 is one of the best trading platforms available and it’s very popular among forex brokers and traders as it offers a lot of trading tools and instruments, i.e., a financial calendar, an app market, VPS, trading signals (for a fee), code base with customs scripts and a demo account.

If you look at the screenshot below of the MT4 interface, you will see on the left the currency pairs with their bid and ask prices. Below that, you have a navigator for the different tools and instruments. In the middle are displayed 4 charts of 4 pairs of currencies with the fluctuation in their price in a give time frame. The spread for EUR/USD is 2 pips which is  not very wide. However, if you look at the account types information in the first screenshot, you will notice that leverage indicated there for the different accounts is too high – varying from 1:100 to 1:1000. Oh, goody!, you think, the higher the leverage, the bigger the profit! However, you need to consider the following – do you think that it is by chance that regulated brokerages in Europe have leverage cap 1:30 and regulated brokerages in US have a leverage cap of 1:50? Do you know that the percentage of traders losing money in forex trade is over 70% as per some statistics? Don’t get tempted by forex companies offering high leverages especially in such high ratio as this company and do not lose your hard-earned money!


Swiss Premium FX Deposit/Withdrawal methods and fees

The minimum deposit is $100 for the Micro account. Other accounts vary their initial deposit from $500, $1,000 and $10,000. To feed the account, the client has a choice between credit/debit, wire transfer, E-Wallets and Venus payment methods.

If an account is left inactive for 6 months, the company will charge 10% fees. We must mention here that charging a percentage fee may result in you spending a lot of money on fees. Better look for a company that will charge a fixed amount in fees rather than a percentage.

In the withdrawal section of Terms and Conditions, we find out that the minimum amount for withdrawal is $100. One withdrawal request per month is free from fee. However, any subsequent request will be charged a processing fee of 30 USD or 25 EUR, or 20 GBP. To process a withdrawal request will take 2-5 business days as per the company’s policy.

We think that the withdrawal conditions could be better, i.e., only on withdrawal per month free from fee is limiting and the processing time is too long.

If a company offers bonuses or non-deposited funds, you must read the terms and conditions attached to them very carefully as it may affect your trading capabilities. Accepting bonuses or the so-called non-deposited funds which are the company’s funds, not the client’s, usually comes with terms and conditions that are not beneficial to the trader, i.e. non-deposited funds are not available for immediate withdrawal which can mess up your transaction if you need to withdraw funds. Also, as the company states, profits gained on the account of non-deposited funds are not client’s. Do not accept any bonuses before you have a clear idea what they entail and consider if you can realistically meet those conditions.

How does scam work?

If scammers make a movie, it will probably be called “Dream on”. They make everything sound credible and build their scam on your dreams of getting an easy and quick profit. People get duped if they decide to deposit money into one of the scammers schemes. What you probably do not know is that your hard-earned money goes as commission to the scammers. Next, you get inundated by daily calls. First, the scammers congratulate you for joining their business, next they try to persuade you to invest even more money. After all, the more money you send, the bigger money fall you can expect. This of course is not how things work. By the time you realise that no money is coming your way, it might be too late. All you want now is to get your money back and get out of there but the scammers have other plans for you and they won’t late get away so easily. Now they try to delay you so that you miss the deadline for chargeback.

What to do if scammed?

If you get scammed, our advice is to act immediately and if you have paid your deposit via credit/debit card you may still have a chance. Visa and MasterCard allow you 540 days time limit to file for chargeback which gives you a fighting chance to recover your money.
However, if you have used bitcoin or bank wire for your payment, the chances of you recovering your money are really slim.
Cancelling your credit/debit card in case you have given the scammers your CVV code may be another good idea. Also, make sure to remove from your PC any software that my give scammers access to your private data stored on your computer.
Whatever you do to recover your funds, beware of the so-called recovery agents. Please make sure that you are dealing with a genuine one by checking their credentials and company’s information transparency. Otherwise, you may fall victim to another form of scam.

Rich Snippet Data
Review Date
Reviewed Broker
Swiss Premium FX
Broker Rating

Top Forex Brokers

Broker Country Rating Min. Deposit Website
US 5/5 $50 Click for a special offerWebsite
USA 5/5 $250 Click for a special offerWebsite
UK, Cyprus, Belize 4.94/5 $5 Click for a special offerWebsite
Australia 4.93/5 $100 Click for a special offerWebsite
UK, Australia 4.85/5 $50 Click for a special offerWebsite
Cyprus, SVG 4.8/5 $100 Click for a special offerWebsite

1 Comment

  1. Hello, good evening,
    I have 2 trading accounts with swisspremium XL with a credit of 130,000 euros,
    the attempt to get a payout is low, a termination and payout to whom should i contact?
    Hallo guten Abend,
    ich habe bei swisspremium XL 2 Handelskonten mit 130.000 Euro Guthaben,
    der Versuzch eine Auszahlung zu bekommen ist gering, eine Kündigzng und Auszahlung an wen soll isch mich wenden ?

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like

Broker Major Review – 5 things you should know about

Broker Major is a forex broker trading in