Is Swiss Assets FX a Legit forex broker or a scam?

after more than a dozen complaints and people asking us to review www.sfmsas.net website we found the following information:

Scam Alert, while reviewing this website all the red flags are flying in the air, this is a none regulative forex broker, all advertise information is false, hiding after some bogus name, no way to contact them, no way to withdraw your fund,

Swiss Assets FX broker is a Non-Regulated Broker. It is NOT SAFE to trade with this company. While we checked the company, there is no authorisation or registration of the address, therefore the company seems to be highly suspicious and might operate its services from an absolutely different location.

Swiss Assets FX states that it is a regulated investment services firm authorized in the conduct of its activities by the Swiss Securities and Exchange Commission (‘SFMSAS’) under license no. 092/08. Although there is no such entity as the Securities and Exchange Commission in Switzerland which means the company has been providing financial services without being authorized. The Swiss regulator who is responsible for providing licenses is FINMA. An entity should have 100 million CHF as net capital to apply for a forex trading license with FINMA and also should manage the business from an office in Switzerland.

0 Reviews

Write a Review