Is Forex trading possible? Swissstand review
It is possible to trade on Forex through a broker. Usually, this is a company that has a license, on the basis of which it is quite legal to make transactions with securities, and assets. Broker Swissstand is appropriate for this task. The service is modern, with advanced functionality. More information about the broker can be found in this Swissstand review.
Consultation on taxation, free training, and practice strategies on a demo account is available here. This is what the broker usually does:
- prepares reporting;
- keeps a record of the user's investments;
- executes buy/sell orders;
- compiles analytics;
- serves the client account;
- offers earnings on ready-to-use strategies.
It has recently passed the inspection of a regulatory authority, which found that Swissstand Forex has no debts to clients. In addition to the standard license, the service also has a depository license, a dealer license, and an asset management license.
The user agreement spells out in detail what you can lose your funds for. The risks are informed immediately after registration.
To trade on the stock market you will need to download a terminal in advance. The company provides this facility by working with proven platforms. In addition, there is a mobile app that allows you to close trades from your smartphone.
The support team is available in 10 languages. Official website with a secure connection. Spreads are small, as commission. All payments are fixed and documents are publicly available.
Sufficient tools and assets. The brand is chosen by well-known investors and players. More than 100,000 people have become its clients.
All user orders are executed. The tariffs are acceptable. They determine the commissions size and other fees.
Is Swissstand scam?
The intruders don't bother. They steal data from normal companies, passing it off as their own. This can cause significant reputational damage or reduces credibility. Scammers always start with loud promises, disappearing as soon as they make a profit. If there is registration, it is necessary in an offshore jurisdiction. Their schemes are similar to pyramid schemes, moreover, they do not communicate the risks. Conversely, they convince that there are none, which bribes inexperienced users.
Their actions are aggressive and consistent. Most often they apply telephone pressure by calling from different numbers. Here are a few more signs of scammers:
- offer to use obscure strategies without agreeing on anything with the client;
- an informal style of communication;
- a set of unclear trading tools;
- no training account;
- unclear trading terminals;
- prepayment and a request to transfer funds to a personal bank card;
- no access to documents and reporting.
Unscrupulous companies do not have a support service, and the site is constantly hanging. Plus, there is not always access to a personal account.
Swissstand Forex doesn't do anything like that. It works honestly, observing the terms of the contract. Clients always get the money they have earned. The support service is multilingual. Official market tools are available for trading. The connection to the website is secure. There are encryption protocols.
Swissstand is not a scammer. The company is licensed and has a compensation system.
It is the user ratings that make it possible to understand whether it is worth trusting the broker who is interested. Their opinion is important. It affects the image and increases customer loyalty. This is good feedback telling about the terms of cooperation, and the pros and cons of the brand. Comments from ratings, determine the level of trust in the organization.
Forex broker Swissstand has practically no negative reviews. There are a number of positive ones on Trustpilot and Sitejabber. These are world review sites with a certain level of influence.
Many users have noted the support service. They liked the speed of response and how competent the operators are. In addition, there are convenient ways of contacting them. No one message went unanswered, which is especially important. High marks were earned by the round-the-clock mode and response within half an hour.
Some were satisfied with the training. It is free, systematic, and diverse. There are several courses, videos, online training, and webinars. Also, most of the positive Swissstand reviews are dedicated to:
- the size of the spreads and commissions. They really aren't big here;
- bonuses and promotions. Users found them generous and lucrative;
- payouts. Users receive them. Funds are withdrawn via trusted payment systems;
- diversity of trading assets. The broker offers 50 currency pairs, contracts on precious metals, etc;
- user-friendly website. It is well thought out to the smallest detail. The design is pleasant and unobtrusive. All important buttons are at hand;
- easy registration. Does not take more than 5 minutes, and consists of several steps;
- a training account. It is free to use for a month;
- risk information.
The broker can be trusted. Swissstand is not a scammer, which has been repeatedly proven by the results of inspections of various companies.
What is the specialty of the company?
The brand has a modern, functional website. Everything is simple and clear, and the information is categorically divided. It is convenient that you can make a trading plan, and study statistics and analytics. There is a personal manager.
The speed of withdrawal is determined by the type of payment system. Before the start of the transaction, a special code is sent to the client. After its entering the process starts. It increases the security level. Broker Swissstand always takes care of its users.
Both Metatrader4 and Metatrader5 are available for download. It has an elaborate interface and market sentiment indicators.
The trades are executed almost instantly. In as little as 0,03 seconds. There are special courses for those who are just learning how to trade. The type of account is at the client's discretion.
The minimum deposit to invest is $100. There is a consultation on taxation and copy-trading.
The main advantages of Swissstand forex:
- about 300 working tools;
- 4 basic tariffs;
- the deposit amount is small;
- the mobile version of the site, and app, which means it is possible to trade from a smartphone;
- quick and easy registration;
- free online training;
- access to a calendar of economic events, "Analysts" section, glossary of terms;
- several time intervals;
- quality support service.
Broker Swissstand also has a bonus system. The disadvantage of the broker is considered the size of the leverage.