Privat Kreditgruppe / privatkreditgruppe.ch has been flagged by Swiss Financial Market Supervisory Authority for "Other". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After spending since I opened my account last year trying to make Privat Kreditgruppe / privatkreditgruppe.ch 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|Regular platform improvements
Cons: Could offer more webinars
I am in a dispute with Privat Kreditgruppe / privatkreditgruppe.ch over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Intuitive for beginners|Quick verification|Multiple order types
Cons: No live chat on mobile|Website design could be more modern
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Privat Kreditgruppe / privatkreditgruppe.ch is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Blocked my account|No legitimate license|Fake returns
Several red flags with Privat Kreditgruppe / privatkreditgruppe.ch: (1) They promise unrealistically high returns, (2) They're not registered with Swiss Financial Market Supervisory Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Not registered with regulators|Unrealistic promises
Privat Kreditgruppe / privatkreditgruppe.ch locked my account without warning and demanded documents I had already submitted. for over a year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Instant funding|Educational resources
Cons: Wish they had more educational resources
If you are reading this considering Privat Kreditgruppe / privatkreditgruppe.ch - run. I wish I had read more negative reviews from a blog post comparing services. I thought the positive ones were real. Maybe some are. My experience over for nearly two years has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: High security standards|Intuitive for beginners|Real-time alerts
Cons: Research section could be deeper|No fractional shares
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Pros: Information is publicly available for verification
Cons: Appears in regulatory warnings database|Uncertain regulatory status