If you are looking to read SwizzPRO reviews, you are in the right place. Is Swizzpro.com a scam or legit? Let’s read complete review to know about the platform before trading.
This article promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
What is SwizzPRO?
SwizzPRO located at SwizzPRO.com is an offshore brokerage company operated by CFNX Solution OU with lot of promises for forex traders . The broker is based in Estonia.
In addition, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. More so, it presents a zero spread difference in Buy/Sell.
How Does SwizzPRO Broker Work?
SwizzPRO deposit is not provided on the website. In comparison, a licensed FX broker clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
As for the funding methods, the broker claims to accept Visa, Mastercard, Maestro as well as bank transfer and Skrill.
Withdrawal process:
SwizzPRO withdrawal leaves us with no specific information on withdrawal fee nor processing days on withdrawal request. The broker provides no clear description on trade requirements that must be met before a withdrawal.
Does SwizzPRO Have Trading Platform?
On its website, SwizzPRO claims to offer the well-known platform of MetaTrader 4. However note that you can’t preview the software or download it from this broker’s website. This leaves us no other choice but to register in order to see the platform itself.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
As for SwizzPRO leverage, it can get up to 1:30. Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
Things You Should Know about SwizzPRO.com Regulation
First of, SwizzPRO claims its registered address to be in Tallinn, Estonia. we searched the web for CFNX Solution OU and this firm is not authorized to offer financial services in Estonia. The proof can be found on the official website of the local forex regulator – the Estonian Financial Supervision Authority (EFSA), which has posted a warning against it.
Again, it turned out that there is an official warning against SwizzPRO set by another financial authority – the National Securities Market Commission (CNMV) of Spain. CNMV has posted a notice stating that SwizzPRO is not authorized to provide investment services.
Further, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
SwizzPRO Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Verdict:
SwizzPRO located at SwizzPRO.com disguising to be a trustworthy trading broker, howbeit, that presentation cannot be ascertained. By all appearances, we would advise traders to steer clear from this broker as it likely a platform run by scammers. To this end, we urge our readers to rely on regulated brokers like this or any licensed entity.
Was this post helpful? Please share with us your experience in the comment section below.
Read earlier reviews on Hx-trading-option, Aimscap , Forextimeprime brokers
