LM Swiss Direct Ltd (LM Swiss) also known as SwissFX Pro has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Addresses: Office 311 NWMS Center 3rd Floor 31 Southampton Row London UK WC1B 5HJ This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: swissfxtrading.com.
LM Swiss Direct Ltd (LM Swiss) also known as SwissFX Pro had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Excellent charting|Clean UI
Cons: Minor UI glitches occasionally
Where do I even begin with LM Swiss Direct Ltd (LM Swiss) also known as SwissFX Pro? since I opened my account last year of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Reliable uptime|Economic calendar
Cons: Wait times can be long during peak hours
Do not use LM Swiss Direct Ltd (LM Swiss) also known as SwissFX Pro for anything serious. I used them since I retired last year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Risk management tools|Great customer service|Comprehensive tools|Copy trading available
Cons: No fractional shares|Minor UI glitches occasionally
After spending for about eight months trying to make LM Swiss Direct Ltd (LM Swiss) also known as SwissFX Pro work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Tax reports included|Fast execution|Personal attention
Cons: Charting tools need more indicators|No phone support on weekends
The hidden fees at LM Swiss Direct Ltd (LM Swiss) also known as SwissFX Pro are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Stable platform|Professional team
Cons: Would like more payment methods
Do not be fooled by the professional-looking website. Behind the scenes, LM Swiss Direct Ltd (LM Swiss) also known as SwissFX Pro is disorganized and incompetent. I found them after hearing about them at a conference and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Stable platform|Economic calendar|Multi-currency support|Professional team
Cons: No integrated tax optimization
After using LM Swiss Direct Ltd (LM Swiss) also known as SwissFX Pro since last summer, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Transparent fees|Multi-currency support|Fast execution
Cons: No dark mode on mobile|Spreads widen during volatile periods
I found LM Swiss Direct Ltd (LM Swiss) also known as SwissFX Pro through a forum discussion and the initial impression was positive. But for just over a year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Good analytical tools|Regular updates|Educational resources
Cons: Minimum deposit could be lower
I closed a profitable position at LM Swiss Direct Ltd (LM Swiss) also known as SwissFX Pro and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Tax reports included|Customizable dashboard|Good mobile app|Regular updates
Cons: No dark mode on mobile
LM Swiss Direct Ltd (LM Swiss) also known as SwissFX Pro advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Clean UI|Stable platform|Reliable uptime
Cons: No fractional shares