SwissTrade Review

About SwissTrade

SwissTrade’s regulatory framework is documented on its official platform, stating that SwissTrade (SC) Ltd is a Securities Dealer authorized and regulated by the Seychelles Financial Services Authority (FSA) under license number SD025; SwissTrade B.V. is regulated by the Central Bank of Curaçao and Sint Maarten with license number 0003LSI; SwissTrade (VG) Ltd holds registration number 2032226 and investment business license SIBA/L/20/1133 from the BVI Financial Services Commission (FSC); SwissTrade (MU) Ltd is registered in Mauritius as an Investment Dealer (Full Service Dealer, Excluding Underwriting) with license number GB20025294 under FSC Mauritius; SwissTrade ZA (PTY) Ltd operates as a Financial Service Provider (FSP) in South Africa under FSCA FSP number 51024; SwissTrade (Cy) Ltd is regulated by CySEC under license number 178/12 (does not offer services to retail clients); and SwissTrade (UK) Ltd is authorized by the UK FCA under Financial Services Register number 730729 (non-retail services only). All operate under selected jurisdictions outside the EEA.

The UK Financial Conduct Authority (FCA) issued a warning against SwissTrade on June 22, 2023, indicating the firm might be providing financial services or products without proper authorization.

Pros and cons

Pros

• Regulated by multiple authorities across Seychelles (FSA SD025), Curaçao (CBCS 0003LSI), BVI (FSC SIBA/L/20/1133), Mauritius (FSC GB20025294), South Africa (FSCA FSP 51024), Cyprus (CySEC 178/12), and UK (FCA 730729)
• Operates through distinct legal entities, each licensed per jurisdiction

Cons

• FCA warning issued June 22, 2023, for unauthorized provision of services in the UK market