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.
After for a couple of months now with Swedish Trust Bank I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Dedicated account manager|Intuitive for beginners|Dividend tracking|Easy to use platform
Cons: Inactivity fee applies after 12 months|Limited cryptocurrency options
I was about to invest with Swedish Trust Bank but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Finansinspektionen has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Not registered with regulators|Unrealistic promises
My withdrawal from Swedish Trust Bank was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for about three months of being strung along.
Pros: Helpful community forum|Segregated accounts|Automated trading options|Instant funding
Cons: Minor UI glitches occasionally|No crypto staking
I invested $500 with Swedish Trust Bank after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Finansinspektionen.
Cons: Lost entire investment|Reported to authorities|Unresponsive
Swedish Trust Bank 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: Multi-currency support|Full transparency|Clean UI
Cons: Cannot customize dashboard fully