- No regulatory oversight: The most glaring red flag is the absence of any regulatory license. A legitimate broker would be regulated by a reputable financial authority.
- Excessive bonuses and promises: The offer of high leverage and significant discounts on fees is often a tactic used by scam brokers to lure in unsuspecting investors.
- Lack of transparency: Crucial information about the company’s ownership, location, and risk disclosures is missing, raising concerns about transparency.
- Generic website content: The website’s content is filled with generic marketing jargon and lacks specific details about the company’s operations.
Company Overview
Feature | Details |
Name | ST Swiss |
Type | Forex and CFD broker (allegedly) |
Regulation | Unregulated |
Website | https://stswiss.com |
Founded | Unknown |
Base | Unknown |
Services or Products
ST Swiss claims to offer forex, CFD, and potentially other trading instruments. However, without concrete details about the specific products and underlying assets, it’s difficult to assess the legitimacy of their offerings.
If you have lost money to companies like AceFxPro; or Premium Capitals; please report it to us on our Report a Scam form.
Trading Platform & Leverages
The information about trading platforms is vague and generic. The claim of high leverage levels is a common tactic used by scam brokers to entice traders with the promise of high returns while disregarding the associated risks.
Spreads and Cost of Trading
The website mentions discounts on fees, but there’s no clear information about the base spreads or other trading costs. This lack of transparency is suspicious.
License and Regulations
No information is provided about ST Swiss being regulated by any financial authority. This is a major red flag as legitimate brokers are required to hold licenses from reputable regulatory bodies.
Legal Warning Against ST Swiss
Currently, there is no specific legal warning against ST Swiss. However, the absence of regulation and the suspicious nature of the company warrant caution.
Deposit and Withdrawal Methods
No details are available about deposit and withdrawal methods. This lack of transparency is another red flag.
ST Swiss Pros and Cons
Pros | Cons |
None Identified | Unregulated lack of transparency excessive bonuses generic website content no information about the platform spreads, or payment methods |
Why Dealing With An Unlicensed Broker Is Risky?
Dealing with an unlicensed broker exposes you to significant risks:
- Loss of funds: There is no guarantee that your funds will be safe.
- Market manipulation: Unregulated brokers can manipulate prices and trading conditions against you.
- Lack of recourse: If something goes wrong, you have limited options to seek recourse.
Client Feedback
No reliable client feedback is available for ST Swiss. This is likely due to the company’s unregulated status and potential scam nature.
How Can “Reviewsadvice” Help You If You Get Scammed?
While “Reviewsadvice” cannot recover lost funds, we can guide on the following:
- Reporting the scam to relevant authorities.
- Understanding your legal options.
- Preventing future scams.
You can report to us today using the form below.
File A Complaint Against Scammers
Final Thought
Based on the available information, ST Swiss exhibits all the hallmarks of a scam broker. The lack of regulation, excessive promises, and overall lack of transparency are major red flags. It is strongly advised to avoid this broker and conduct thorough research before investing with any online trading platform.
