The Commissione Nazionale per le Società e la Borsa (CONSOB) has issued a Warning on 23 December 2019 against SwissfinGroup. Your funds are not safe with this Offshore broker. We are not going to recommend Swissfin Group.
What do traders say about Swissfin Group ?
After doing some research, we found out that a lot of traders are reporting Swissfin Group and writing bad reviews about it.
It seems like they are not happy about it and they warn others not to trade with them.
It’s always important to know what other traders are thinking about a broker before using it and we can say that they are not saying good things about Swissfin Group.
What do regulators say about Swissfin Group?
This is the most important thing you need to know about a broker before using it. Is Swissfin Group regulated? Is it an offshore company?
Most brokers are unregulated or regulated by an offshore regulation authority which won’t help you in case of a problem. Keep in mind that if a broker steals your funds, you won’t be able to complain about it unless they are licensed by a serious regulator such as the CySEC (Cyprus Securities and Exchange Commission).
An unregulated broker is clearly not authorized to operate in any regulated country and you should definitely not put any money into it.
Swissfin Group is an unregulated offshore broker owned by Terratech Ltd and located at Trust Company Complex, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960.
They can be contacted by phone at this number: +447404445255 or you can send an email to [email protected]
You should definitely avoid any unregulated or offshore broker and Swissfin Group is one of them.