The brokerage firm says it is based in Zurich, Switzerland, and has 4 offices, including New York, USA. Besides, it “serves clients in more than 170 countries”, has over $250 million in capital, and 8 liquidity providers. However, all these facts are not documented, and the intermediary does not say anything about licenses.
Is this project reliable? Study our SwissWealthManagement review, where you will find the answer to this question before you start cooperating with the broker.
How to Trade
The company provides clients with MetaTrader5 and WebTrader trading platforms. You can create portfolios on commodity, currency, and cryptocurrency markets. The main features of the service:
- 6 types of trading accounts.
- Fixed spreads from 0 – 100 bps.
- Leverage from 1:10 to 1:100 and higher.
The set of services depends on the deposit amount, three premium levels have 10 protected trades per month. Each trader can consult with a personal manager.
Additional services – Trading Signals Group, Webinars, Trading Academy, Market Analysis, and Research. Premium accounts offer customized sessions with cryptocurrency hedge fund experts.
SwissWealthManagement Vital Info
A few specific figures are reflecting the broker’s activities in the “Our Company” section of the website. For example, the start date of the project in 2022, the number of employees – more than 100 people, and others. Meanwhile, we did not find any names of the owners and team members, as well as financial reports and a copy of the legal entity registration certificate. The fact is that the domain was created only in June 2024, which refutes the date of foundation in 2022 stated by the intermediary.
We checked the company registration in the global database of legal entities and did not find the SwissWealthManagement brand in either Switzerland or in the USA. According to the register of the Swiss regulator FINMA, this organization has no license and operates illegally in the country. Besides, we did not find this firm in the list of tenants at the specified address in Zurich. It is worth noting that an unregistered company will not be able to obtain a US license, nor will it be able to obtain regulatory approval from either the 150 or 170 countries in which it allegedly operates.
The firm began to behave very, very strangely! I cooperated with this broker for almost a couple months, everything was perfect for the first 3-4 weeks. I opened a Bronze account and deposited €25k and I got better service and a personal manager. The income suited me completely. The first trouble started when swisswealthmanagement did not pay me a part of my earnings. I received all the funds after an unpleasant trial and the managers admitted the mistake, even gave me a bonus. However, they froze the account 2 weeks after this incident. The manager personal removed himself from contacting me. I never got an answer to my question: why is my account blocked? I don't even know what to do :( Although I saw that the quality of service delivery has dropped but I didn't think it was a scam. I am very angry especially because the swisswealthmanagement staff does not tell me the reason for the blocking and the timeframe for getting my money back - they don't tell me anything at all!!!
The broker has a high status, this is evidenced by the headquarters in Switzerland, a branch in the US, and a minimum deposit of 5,000 dollars. SwissWealthManagement has all the best conditions for trading: orders close quickly, spreads are narrow, sometimes they widen on volatility, but not to huge sizes. I have 100% trust in this intermediary, I have over $50K and more in my account, I am confident that nothing bad will ever happen to my money. SwissWealthManagement works absolutely legally, they have all registration documents and license, all copies are available for any registered user - you can just request documents and reports from support if you want to see for yourself. The company keeps its promises completely, there are amazingly high returns on swisswealthm.com, they are exactly what my analyst promised me. I believe that trading Forex on this terminal is convenient and not difficult, all conditions are comfortable and it is obvious that trading programs were created by specialists who solve problems professionally. I have a profit of 3,500-4,000 dollars a month, trading on this platform, and everything is fine with the withdrawal of funds. I will say honestly that with payments everything is excellent and without any delays. I ordered $5,000 yesterday and the money was already in my account this morning. I have never seen any drawn quotes or crazy spreads on the news with them. Everything works exactly as written in the terms and conditions. Overall I am very happy with the trading results and service, I can overlook the minor flaws.
I was unpleasantly surprised when I found out that the information about spreads and other working conditions is not true. There are high spreads! SWISSWEALTHMANAGEMENT only claim that they have favorable conditions, in reality everything is not so rosy. I was upset because of inaccurate quotes, not all 100%, but a large error is shown on the most popular assets. I sent screenshots to the support, but SWISSWEALTHMANAGEMENT staff responded very sluggishly. I received compensation on my account in the amount of losses from the quotes difference only once, and then the broker did not compensate me anything, even when I presented evidence of manipulations. I decided to close my trading account and I started to have new problems. Withdrawal of the balance of funds from swisswealthm.com is a separate sad story, everything dragged on for more than a month! I am not calling anyone to boycott this platform, but you should be ready for such problems if you decide to work here.
The company was working absolutely honestly up to a certain point, but recently I started noticing fake quotes. In addition, the display of analytics data was also unstable and inaccurate - candles moved chaotically, I couldn't understand anything from them. Even though the problems with the quotes started, this intermediary kept deposits high and even restricted the asset mix drastically.
The customer service conditions are at a low level. Swisswealthmanagement has a long history in the market, it is a Swiss regulated broker, but that doesn't give them the right to treat their clients so disgustingly. Although, I have read that traders in Europe know and love this broker and I see a bad attitude towards clients from India. Tech support operators are very reluctant to respond to phone and email in 2-3 days, not earlier. In addition, the manager rudely answered me when there was a problem with the withdrawal - the money went for a long time, I waited about 7 days, and then already I began to feel anxious. The money came, but I can't forget the bad attitude towards customers on Swisswealthmanagement, it's hard for me to explain to you to what extent that conversation was unpleasant. And it's been like that several times - I have to beg for the broker to withdraw the money. My deposit is not small, over $11,000, FYI.
I suspect the company of fraud. Likely, even the Swiss regulator doesn't stop them from wanting to make money from customers. Swisswealthmanagement produces inaccurate analytics data and they have serious signal errors! Also, the stop loss triggers late, I have set it many times! In a situation where it should instantly close the trade, it takes another 20-40 seconds before closing. Once the stop loss did not work at all, the loss was 350 dollars :( Managers did not reimburse me for this amount, although they promised that they would control the situation. In addition, Swisswealthmanagement's commissions started to grow, and additional commissions started to appear even when withdrawing funds, and this despite the fact that the minimum deposit here is 5,000 dollars :( It's an incomprehensible situation! The company has been working on the forex market for a long time, it is well-known in Europe, and it shows a sharp decline in the quality of services. I suspect that Swisswealthmanagement has some serious problems. Two weeks ago they make me to lose my deposit, and when I complained to them the administrator said that the spread could be changed at any time by a hundred points! Finma refused to deal with my problems. I am at a dead end.