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About Swiss29
Swiss29 operates via the domain swiss29.com and presents itself as a forex and CFD broker offering up to 10 000 tradable instruments—including stocks, cryptocurrencies, forex, and indices—through platforms such as MetaTrader 5, AnyDesk, and TeamViewer, and account types labelled Basic, Silver, Gold, Platinum, and VIP, with a minimum deposit of €250 for Basic accounts and higher tiers requiring significantly larger amounts (€10 000, €25 000, €50 000, €250 000) ().
Swiss29 is not authorised or regulated by any reputable financial authority. The Financial Market Supervisory Authority (FINMA) of Switzerland issued a warning on August 8, 2022, stating that Swiss29 is not entered in the commercial register and is not licensed (). The French Autorité des Marchés Financiers (AMF) warned on June 2, 2022, that Swiss29 is not authorised to provide forex services in France (). The Spanish CNMV issued a warning on February 21, 2022, that the firm is not authorised to offer investment services in Spain (). The Ontario Securities Commission (OSC) warned on November 1, 2022, that Swiss29 is not registered in Ontario to trade in securities (). The Autorité des marchés financiers in Québec (AMF Québec) issued a warning on February 17, 2022, that Swiss29 is not registered to solicit investors in Québec ().
Despite its claims, Swiss29 provides no verifiable regulatory license number or proof of legitimate registration. It lacks essential investor protections such as client fund segregation, deposit insurance or compensation schemes, and does not implement transparent KYC/AML measures ().
Pros and cons
Pros
- Offers access to a range of tradable asset classes and platforms (e.g. MT5, AnyDesk, TeamViewer), with tiered account types and numerous deposit options including cryptocurrencies ().
Cons
- No valid regulation or licensing from any reputable authority despite multiple warnings from FINMA, AMF (France), CNMV (Spain), OSC (Canada), and AMF (Québec) ().
- High minimum deposit requirements for entry-level accounts (e.g. €250 for Basic); higher tiers demand significantly larger investments ().
- Opaque fee structure, with spreads, commissions, and other costs not clearly disclosed ().














