SuisseCG Review Is Suissecg.com A legit Forex Broker

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SuisseCG Review – is it scam or safe?

Trading Accounts and Conditions

Trading account Min. deposit Max. leverage Spread
Self-manage $250 1:100 3-4 pips
Gold $10 000 1:200 N/A
Platinum $50 000 1:300 N/A
VIP N/A 1:400 N/A

SuisseCG is an offshore forex and CFD broker that offers its c;lients a choice of four account types and trading on some unproven web platform. If you are considering opening an account with them, be sure to read our review first. We have major concerns regarding this forex provider.

SuisseCG Advantages

Comprehensive selection of assets

It is not easy to highlight any strong sides of SuisseCG, but we decided to mention the comprehensive selection of assets available for trade, as well as the availability of high leverage ratios. The broker offers dealing in currency pairs, CFD on precious metals, indices, commodities and stocks. A cryptocurrency offering is also in place, however, if you are into Bitcoin, you’d better trade it with a reliable and regulated broker.

SuisseCG Disadvantages

No legit license

According to their presentation, SuisseCG is a trading name of TECHNORIC LTD., a company registered in Saint Vincent and the Grenadines (SVG). Here is a screenshot:

Click on the image to zoom in.

This means that it is registered offshore and not subject to any regulatory oversight because the government of SVG has publicly stated it does not issue any licenses, nor monitors financial services providers like forex and binary options brokers.

This means that clients of SuisseCG have no assurance for the security of their funds and no authority to turn to in case they are defrauded or something else goes wrong.

Company blacklisted by the FCA

Furthermore, we found out that the company behind SuisseCG, which also operates the brokerage brand Traderur, has been blacklisted by the Financial Conduct Authority in the UK (FCA) as a potential scammer.

Obviously, the company has targeted traders in the UK without having the right to do so.

Extremely high spreads

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While this broker has not disclosed any spreads on its website, we discovered that they are disturbingly high. We sneak-peeked into SuisseCG`s web platform and saw that the benchmark EUR/USD spread is as high as 3 or 4 pips, which is not in favor for the traders at all.

SuisseCG`s web platform. Click on the image to view full size.

For further information and comparison, check out the below link:

No access to MT4

As it already became clear, SuisseCG offers some web-based trading platform, which is simple and easy to use. However, we doubt there is any room for comparison between this trading interface and the industry standard MetaTrader 4 (MT4), which is the favorite platform of several generations of traders. The main advantages of the MT4 are the superior charting, the automated trading strategies (EAs), and the programming environment, which allows for easy customization.

Withdrawal minimum, fees, and processing time

According to the information on the broker’s website, withdrawals take up to 7-10 working days, and their clients cannot withdraw less than $100. Besides, there is a withdrawal fee of 1% of the amount (minimum 30 USD/GBP/EUR).

Conclusion

Overall, SuisseCG is an unregulated, offshore broker with rather limited credibility, whose offer is not very tempting anyway.

As usual, we advise our readers to invest only in brokers regulated by exemplary agencies such as the UK’s Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySEC), for they oversee a licensees’ activities from head to toe with a severe case of diligence. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).

Let’s sum up our review on SuisseCG in a few words:

Solid choice of assets, high leverage

No financial regulation

No access to MT4

Withdrawal minimum, fees, and processing time

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

SuisseCG Review: Is Suissecg.com A legit Forex Broker?

After doing some research, we found out that a lot of traders are reporting SuisseCG and writting 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 thiking about a broker before using it and we can say that they are not saying good things about SuisseCG.

What do regulators say about SuisseCG ?

This is the most important thing you need to know about a broker before using it. Is SuisseCG 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 problem. Keep in mind that if a broker steal your funds, you won’t be able to complaint 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.

SuisseCG is an unregulated offshore broker owned by Technoric Ltd and located at Suite 305, Griffith Corporate Centre, 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.

They can be contacted by phone at this number : +4932229990008 / +46812400563 or you can send an email to [email protected] / [email protected]

You should definitely avoid any unregulated or offshore broker and SuisseCG is one of them.

Have you been Scammed by SuisseCG ?

Have you been victim of this company ? Did you lose money with them ? Everyone does mistakes. Don’t worry, you are not alone, and we are here to help you.

Our team of experts is available 24/7 in order to help you recovering your hard-earned money.
After asking you some questions, they will be able to build a chargeback case to fight the broker and get your money back as soon as possible.

Chargeback is the solution

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SuisseCG Review

SuisseCG is an offshore CFD trading brokerage firm, that opened in August 2020. Most people like you came to this broker because of a fake algorithm trading app like Bitcoin Loophole or Tesler App. They also go by the name Suisse Capital.

Before you use any auto trading software, read this warning.

SuisseCG Broker Review

During our review of the brokers SuisseCG, we see that they are offering investors an in-house proprietary trading platform. The CFD trading platform is very basic, an easy to use for a newbie investors.

SuisseCG does not give you the ability of using MetaTrader 5, and they don’t have any mobile trading apps. Assets available for trading includes; Popular Forex pairs, Crypto Currency, Commodities and Stocks.

This broker requires a minimum deposit of 250 Euro. There are five account types to choose from based on the size of your deposit. The only difference between the different accounts is the leverage rates, which go as high as 500:1. Using high leverage is the best way to quickly lose your money.

We noticed during our review of their spread on $BTCUSD at $8300, that the spread was a mega $240 between the bid and ask price. Leverage on Bitcoin was only 5:1. Compare the largest CFD brokers, see here.

SuisseCG Trading Platform

New Algorithm Trading Apps

Each week we get an email about a new trading software which will make thousands of dollars a week. Most of these systems are proven scams, and promoted by Fake News, read this article.

You can play around with some of the free trading robots listed here.

Is SuisseCG a Regulated Broker?

No, SuisseCG does not have a license, and is not a regulated broker.

Professional investors all know that the way to properly research if your CFD broker is a scam or legitimate financial institution, is by checking for a license. Every country has their own regulator of brokers, and you should only use a broker that is licensed locally in your country, see here.

SuisseCG is officially owned and operated by: Technoric Ltd, which is located at: Suite 305, Griffith Corporate Centre, 1510, Beachmont, Kingstown, St. Vincent and the Grenadines. Contact phone numbers are, Germany: +4932229990008 and Sweden: +46812400563, and their customer support email address is: [email protected] or [email protected] Formerly, this company went by the name TraderUR.

Compare Licensed Brokers

Investors and Forex day traders have a large choice of licensed and regulated CFD brokers, look here.

VantageFX is an international Forex broker, regulated in Australia by ASIC, and the FCA, see here.

They offer MT4 and MT5 trading platforms, high leverage and autotrade features. Start with a Free Account at: VantageFX.com.

If you are currently investing with this broker, please share your thoughts in the comment section below.

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