http://www.swissfs.com/ Review

MIN. DEPOSIT $500
Up to 200:1
Up to 15% BONUS
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http://www.swissfs.com/
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Overview

Company Information   Swiss FS or otherwise known as Swiss International is an introducing online broker for MF Global. The company owning the platform is Swiss Intl. Financial Brokerages Co…. more

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Details

Brokerhttp://www.swissfs.com/
Website URLhttp://www.swissfs.com/
Founded2002
HeadquartersKuwait City, Kuwait
Support Number+965-22438366
Support Emailinfo@swissfs.com
Support TypesPhone, Live Chat, E-mail, Call Back
LanguagesEnglish, Arabic
Minimum 1st Deposit$500
Minimum Trade Amount0.10 lots
Maximum Trade Amount200 lots
BonusUp to 15%
PayoutUp to 200:1
Free Demo AccountYes
Regulated Yes
RegulationKuwait Chamber of Commerce
Account TypesLive, Demo
Deposit MethodsBank Wire, Skrill, MasterCard, Visa, cashU, China UnionPay, Neteller
Withdrawal MethodsBank Wire, Skrill, MasterCard, Visa, cashU, China UnionPay, Neteller
Types of AssetsForex, Indices, Commodities, Equities, ETFs
Account CurrencyUSD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

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Company Information

 

Swiss FS or otherwise known as Swiss International is an introducing online broker for MF Global. The company owning the platform is Swiss Intl. Financial Brokerages Co. K.S.C.C. It started its services in 2006, and their headquarters are located in Kuwait. They also have an office in Canada. The company is regulated by the Kuwait Chamber of Commerce and is licensed with the Ministry of Commerce and Industry of Kuwait. It is an STP and Market Maker type of broker. It is one of the few brokerages that accept US traders. Swiss FS aims to provide their clients with the best Forex trading services. With a broad range of trading instruments such as Forex, commodities, stocks and energies the company has acquired a lot of clients from all over the world. The relatively low fixed spreads and fast trade execution Swiss FS is a real brokerage. Let’s see what financial services they offer.

 

Trading Information

 

As a respected Forex trading broker, Swiss FS offer two types of accounts, one suitable for beginner traders and one that’s perfect for experienced traders. The first account is called the Mini. It requires a minimum deposit of $500 and offers fixed spreads. There is no commission on trades and the spread for EUR/USD is three pips. The minimum lot size is 0.1 lots and leverages are 1:200. Scalping and hedging are allowed, and expert advisors are supported. Decimal pricing is four digits. Trailing stop orders and OCO orders are available. A privileged account can give you lower spreads of 2.5 pips for EUR/USD. The Standard account gives you some better benefits but costs $5000 to make. Islamic accounts are available for people who follow the Sharia Law regulations. Institutional accounts are also available. The account currency is USD, and if you want to transfer in another currency, it will be converted to USD. While these are not the lowest spreads in the brokerage industry, they still provide excellent opportunities for both beginner and expert traders.

 

Trading Platforms

 

Swiss FS provides two platforms that their clients can use for their daily trading. The first one is well-known and is called the Metatrader4. It provides excellent performance and hassles free trades. With its excellent customization features, the MT4 is state of the art platform. It has been around for over a decade and is preferred amongst professional traders. It’s the most popular in the world, and almost every brokerage offers it as an option. It works with both Windows and Mac and has mobile versions for Android and Apple smartphones and tablets. With more than 30 indicators and trading from charts options, the MT4 is true “The King” of online trading. The next platform offered by Swiss FS is the Unitrader. It has excellent feature pretty much the same as the MT4 but offers even more. While the MT4 requires additional download and installation of the platform on your device the Unitrader has a WebTrader version. It even works on mobile browsers. You can trade different financial instruments from one window, and it has a trailing stop on the server side.

 

Security and Customer Services

 

Security at Swiss FS is great, and they even offer a segregated account option where your funds are transferred separately in a top tier bank. However, it would’ve been better if their registration page was protected by an SSL encryption. As it is now, there might be a problem in the future with stolen personal data and it should be addressed by the company’s employees. Customer support is great with plenty of contact methods available. Along with the phone and fax numbers, there is a request a callback option. You can also send an email or a message through their online contact form. A live chat system is also available. There are social media profiles of the company on Facebook, Twitter, Instagram and Youtube. Additionally, there is a postal address of the company’s headquarters. Beginner traders can visit the “Tutorials” page and acquire valuable information about Forex trading terms and markets. The website is translated in only two languages English and Arabic. Support is available in both languages.

 

Deposits and Withdraws

 

Depositing money into your Swiss FS account is easy, and there are a lot of banking methods you can use. There are over 13 different currencies supported for deposits. All of the money deposits are going through Boston Merchant Financial Ltd. Minimum deposit for the platform is $500. Processing times are from instant to up to 7 business days. There is an anti-money laundering policy that Swiss FS follows, so every transaction should be from a source with the same name as the account. Third-party deposits are not allowed. Withdrawing money is also easy, and you can use the method you deposited them. Usually, it takes a couple of days for the employees to review your withdrawal request. Longest processing time for a withdrawal request is around seven business days. For now, there haven’t been any reports about lost or refused withdrawals.

 

Deposit Bonus and Loyalty Programs
Currently, there is a 20% October deposit bonus for all new and existing clients. It’s quite generous and can go up to $10000 depending on your deposit. The terms and conditions of the bonus are carefully explained on their dedicated website page. Take into account that this bonus might be changed at the time of your registration, but you can surely check their website for new promotions.

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