This young company claims its “unrivaled trading platform” and its unique experience of “advanced trading”. It is worth noting that the specified office address in Poland does not mean that the brand is registered in this country. Meanwhile, we did not find any brokerage licenses on the official website. Can you trust your capital to this firm? Is it safe and profitable for you to cooperate with it? During the review, we will consider the conditions offered by Swiss Pay Ltd, its pros and cons, and then conclude the reliability of this broker.
How to Trade
The broker offers clients a universal platform that works in desktop and mobile versions.
ATTENTION: Swiss Pay Ltd does not disclose any specific trading parameters. You cannot find out the size of minimum and average spreads, commissions, or swaps.
You will receive the following services after account registration:
- Six types of trading plans with a minimum deposit from $100 to $100,000.
- Savings account with a monthly interest payment at a fixed rate of 21-37%.
- PAMM Account, IPO Participation, Arbitrage, Copy Trading, Account Insurance.
You can use more than 150 trading instruments on markets from currencies and stocks to commodities and cryptocurrencies. The company guarantees fast execution of transactions and offers to trade on timeframes from 1 minute to 1 month.
Swiss Pay Ltd Vital Info
Very scanty information is present on the company’s website in the “About Us” section. The broker only mentions the goal of attracting 20 thousand clients by the end of the year and says nothing about the owners of the brand, the history of the project, and its start. As for the domain, it was registered only in March 2024. In addition, there is no official documentation that would confirm the legality of the platform.
We checked the register of legal entities in all suitable jurisdictions and found Swiss Pay Ltd in the UK. Yes, this company does exist and it is engaged in financial activities, but it has nothing to do with the broker that provides services in Poland and on swisspayltd.com. What does this mean? Perhaps the owners of the project are engaged in illegal activities and cover themselves with a legitimate organization.
I decided to try trading here: at first, I was figuring out the terminal, I had frequent calls from the manager with hints, then I started actively trading with alternating success - up and down. Suddenly I find out that my account is blocked. The administrators started demanding additional confirmation that my account is my account and I am me, to all my requests to unblock my account. Why didn't all my cash flow require such confirmations before??!! I won't say that I made a lot of money with Swiss pay ltd and I didn't have millions on my deposit, but only a couple thousand euros. I don't think that the young company decided to cheat me for the sake of this money, but still, this amount is quite significant for me, so I will not give up trying to unblock my account. And I'm sharing this information with you guys so that you are ready for such a possible turn of events in future cooperation with this intermediary.
I am taking my first steps in the forex market and this is my first company. I have no one to compare it with, I think that there are probably better trading platforms, but swisspayltd.com suits me at the moment. The broker made a pleasant impression on me from the very beginning of cooperation, first of all, by the fact that there are adequate requirements for the initial deposit. I registered quickly on the site, sent the documents, and in an hour I could trade. The money to my account came quickly. I chose a forex account that has a test period of 5 days when the company provides a financial expert. I can safely say that the analyst provided me with valuable assistance and recommended useful educational materials for me :) At least I got to understand the basic concepts of forex trading. After I started trading on my own, my first deposit of $100 I safely drained, like most beginners. But this is entirely my fault: although I received comprehensive recommendations from an analyst, I did not use them rationally and started trading with risky deals. For me, the only significant disadvantage was the absence of the "Copy Trade" service with a deposit of less than 100 thousand dollars. For beginners like me, it would be useful to copy trades and watch how experienced traders make decisions. However, I can't risk such a huge amount of money. I have not made any withdrawals yet, because I have made very small amounts of profit in Swiss Pay Ltd. I would like to note that the execution here is quite fast, but there have been a couple of delays, and despite this, I plan to trade here further. I may be wrong, due to my small experience, but I consider the company trustworthy and therefore I will continue cooperation.
I quickly drained my deposit of 480 dollars, within three days. I did a little investigation and found out that SWISS PAY LTD has NO LICENSE for brokerage activities in Poland, and without such a license the company cannot have any access to the forex market. What is going on here is simulated trading, which is set up to zero out clients' accounts!
I saw huge delays in execution on the terminal and candles appearing on the charts out of nowhere. It is necessary for the regulator to urgently intervene in the activities of swiss pay!!! My deposit was completely lost in a week, I lost the last 896 because of the terrible work of the employees of this broker. The risks have become maximum and the chance of profit is minimal, but the administrator assures me otherwise, that this is the most modern trading strategy from highly qualified specialists, not amateurs, and that I should not complain to regulators. The manager just openly says to me: you should not stop me from stealing your money! But what surprised me the most was the further request: because at first there are unsuccessful trades, the manager asked me to make one more deposit, which will definitely start profitable trading! I'm about to burst with anger :(
Don't believe to anything of that,when i tried to withdrawal money,thay sad ok,of corse,but than ofter some time i had one more call from GB "tax monitoring" who speaks Russian :D and they sad if you want you money,you must pay more 1400 eu ! Dont use this trade platform https://webtrader.swiss-pay-ltd.trade/ ! SCAM ! Today when i opened platform some has buy ETHUSD,but it was not me :D