Brief Look at Swiss Capital FM
Swiss Capital FM presented itself as an international company, registered in both Estonia and the Marshall Islands. The latter is an offshore zone, so cooperation with brokers based there is inherently risky for traders. Moreover, Swiss Capital FM lacked licenses from regulators in either country. Analysis of feedback from defrauded clients revealed that the company's registration number provided no assistance in recovering their invested funds.
In 2019, Swiss regulator FINMA added Swiss Capital FM to its Warning List. It identifies financial market participants that provide unauthorized services and are not supervised by this commission. In 2020, the UK regulator, the FCA, issued a similar warning about Swiss Capital FM.
Since mid-2019, more and more negative reviews about Swiss Capital FM have been appearing online. Traders accuse the company of fraudulent practices, including misappropriating funds and interfering with trades. Its website is currently inaccessible.
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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