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.
The mobile app from SwissFX Pro is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Fast execution|Real-time alerts|Multiple order types
Cons: Email notifications too frequent|No phone support on weekends
KYC with SwissFX Pro is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Clear documentation|Customizable dashboard|Competitive fees
Cons: Wait times can be long during peak hours
I experienced a security concern with my SwissFX Pro account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Educational resources|Full transparency|Portfolio tracking tools|Copy trading available
Cons: Nothing significant|Minimum deposit could be lower
I signed up with SwissFX Pro through a forum discussion and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Instant funding|Intuitive for beginners|Social trading features
Cons: Some tools only available on higher tiers
Do not use SwissFX Pro for anything serious. I used them for about eight months 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: Transparent fees|Instant funding|Professional team|Personal attention
Cons: Currency conversion fee exists|Nothing significant