Swedish Trust Bank has been flagged by Finansinspektionen for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.swetbk.com.
I joined Swedish Trust Bank while looking for alternatives to my previous provider and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Great customer service|No hidden fees
Cons: No crypto staking|Desktop app not available on Linux
I am in a dispute with Swedish Trust Bank 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: Stable platform|Dividend tracking|Fast deposits|Regular platform improvements
Cons: Spreads widen during volatile periods|Onboarding videos are outdated
Customer support at Swedish Trust Bank seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Good analytical tools|Customizable dashboard
Cons: Limited ETF selection
I trusted Swedish Trust Bank with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Personal attention|Portfolio tracking tools|Smooth onboarding|Responsive team
Cons: Spreads widen during volatile periods|Wait times can be long during peak hours
Swedish Trust Bank locked my account without warning and demanded documents I had already submitted. for a couple of months now later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Reliable uptime|Great customer service|Portfolio tracking tools|Comprehensive tools
Cons: Nothing significant
Do not believe the bonus offer from Swedish Trust Bank. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after a friend recommended them and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Automated trading options|Good mobile app|Regular updates|API access
Cons: Could offer more webinars|Live chat only during business hours
The spread at Swedish Trust Bank is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after a friend recommended them and initially thought the platform was good - until I started trading seriously.
Pros: Portfolio tracking tools|No hidden fees|Smooth onboarding|Economic calendar
Cons: No phone support on weekends
Where do I even begin with Swedish Trust Bank? for about five months 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: Educational resources|Responsive team|API access
Cons: Email notifications too frequent|Cannot customize dashboard fully
Swedish Trust Bank seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Easy withdrawals|Comprehensive tools|Real-time alerts|Segregated accounts
Cons: Limited social trading features|Mobile app could be improved
I had high hopes for Swedish Trust Bank after seeing their ad online, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Two-factor authentication|Multi-currency support|Fast execution|Transparent fees
Cons: No live chat on mobile|Withdrawal takes 1-2 business days