FXTSwiss Review

Overall, FXTSwiss can be summarised as a credible and trustworthy broker and is considered low-risk with competitive 500:1 leverage and spreads from 0.0 pips. FXTSwiss has an overall trust score of 70 out of 99. FXTSwiss offers no deposit fees.

FXTSwiss At a Glance

Overall Rating

• 3.0/5

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OPEN AN ACCOUNT

Min Deposit

USD 1000

Regulators

CIMA, ASIC

Trading Platform

MT4

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

Choose your quick section of our FXTSwiss below.

FXTSwiss review – 18 key point quick overview:

1. FXTSwiss At a Glance
2. FXTSwiss Overview
3. FXTSwiss Safety and Security
4. FXTSwiss Sign-Up Bonus
5. FXTSwiss Minimum Deposit
6. FXTSwiss Demo Account
7. FXTSwiss Leverage
8. FXTSwiss Accounts
9. FXTSwiss Market instruments
10. FXTSwiss Fees, Spreads & Commissions
11. FXTSwiss Deposit and withdrawal
12. FXTSwiss Trading platforms
13. FXTSwiss vs Exness vs XM – a Comparison
14. FXTSwiss Customer Reviews
15. FXTSwiss Pros and cons
16. FXTSwiss Conclusion
17. FXTSwiss Disclaimer
18. Frequently Asked Questions

FXTSwiss Overview

According to research in South Africa, FXTSwiss is an online foreign exchange and metals broker, operating as a market maker to retail and institutional clients.

The company maintains a special focus on advanced trading technology solutions, and to this end, was founded to provide the best Forex trading experience for all traders and strategies.

The company supports powerful and easy-to-use software within a dynamic trading environment, and superior trading conditions have made FXTSwiss a relatively popular Forex and metals dealer today.

FXTSwiss Safety and Security

While FXTSwiss is based in Switzerland, this broker does not seem to come under the authority of any regulatory bodies.

That said, Switzerland is not a member of the EU, and is famous for its more independent financial environment, although every broker operating out of Switzerland is required to hold a banking license from the Swiss Financial Market Supervisory Authority (FINMA).

Whether FXTSwiss is FINMA-regulated or not is not made clear on its website, nor is there any further information provided on the holding company which operates this broker.

Prospective traders should bear this in mind when considering the company’s various features.

FXTSwiss Sign-Up Bonus

FXTSwiss does offer a Sign-Up bonus, a free 20% credit bonus on the first deposit, and 10% more on the second deposit.

FXTSwiss Minimum Deposit

The minimum deposit amount required to register an FXTSwiss trading account is $1000. This minimum deposit is equivalent to R16000 ZAR at the current exchange rate between the  South African Rand & United States Dollar.

FXTSwiss Demo Account

FXTSwiss does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. The FXTSwiss demo account does not have a specific expiry date.

FXTSwiss Leverage

Leverage has become a very popular mechanism in the forex market, and most, if not all brokers offer some form of leverage today.

Leverage is in essence a loan that the broker provides to traders on their initial investment, which allows the user to make much higher speculation than they would have.

As such, the proper use of leverage allows traders to maximize their potential profits, though it also carries a high risk of severe losses, particularly for those seeking to invest a large sum of money.

It is for this reason that many regulatory bodies made the decision to cap the maximum leverage that brokers within their jurisdiction could offer, in an effort to protect traders from cowboy brokers and dangerous trades.

Since FXTSwiss does not appear to be regulated, the broker is still able to offer relatively high leverage of 400:1 for its forex trading accounts.

Prospective traders who might see this as an incentive to sign up with this broker should take into consideration the company’s lack of regulation, which means that any losses suffered as a result of using leverage will most likely not be covered in any way.

FXTSwiss Accounts

FXTSwiss offers its clients a single live trading account for forex, which is commission free and comes with a maximum leverage of 1:400, as well as fixed spreads. Unfortunately the broker does not offer the option of micro-lot trading.

FXTSwiss also provides a free demo account, which allows prospective traders to become better acquainted with the broker’s various features before signing up for a live trading account.

The demo account allows for risk-free trading in a simulated market environment and is funded with virtual currency. Once the user has completed their use of this account, it can be converted directly into a live trading account.

How to open an account

1.  Step 1 – Register an account

Navigate to the website home page and select “Live Account”

2.  Step 2 – Complete information

Complete fields requested by the site.

3.  Step 3 – Verification

The trader will receive a verification email to activate the account.

FXTSwiss Market instruments

FXTSwiss provides access to trading in forex, oil, gold, and Bitcoin. FXTSwiss offers Forex Trading to its clients at a very competitive spread and margin, 1 pip fixed spread on all major currencies and a low spread on other currency pairs.

FXTSwiss Guarantees Fixed Spread under all market conditions, and all trading is done with No Commissions.

Forex trading with FXTSwiss also has the following features:

• 1 Pip Fixed Spread on all Major Currencies
• Low Spreads on all Crosses
• Trade Forex, Gold, Silver and Oil on the Same Account
• No Commissions and No Swaps
• MetaTrader 4 Trading Platform
• Trade Standard and Mini lots
• Up to 400:1 Leverage
• Full Hedging Capabilities
• Trade Forex Directly from the Charts
• Advanced charting tools with 50+ in-built indicators
• 24 Hours Trading and Support
• You can Open a Demo Account to try the many features of Forex Trading

FXTSwiss Fees, Spreads & Commissions

As already noted, FXTSwiss offers commission-free trading with competitive, fixed spreads. The full list of spreads for each currency pair is available on the broker’s website. The lowest spread starts at 1 pip and gets as high as 6 pips on certain pairs.

FXTSwiss Deposit and withdrawal

FXTSwiss offers its clients the following payment methods for all deposits and withdrawals: credit/debit card, bank wire transfer, and giropay.

The broker does not charge fees for deposits or withdrawals, which many other brokers in the industry do, though charges from your banking institution might apply.

For deposits, when you open a Live account, the broker will send you an email with your Account login details and deposit instructions to fund your account immediately via Credit Card or Bank Wire Transfer.

For withdrawals, funds are transacted from your account after filling out a withdrawal request form.

FXTSwiss Trading platforms

FXTSwiss offers its clients the immensely popular MetaTrader4 platform, which is arguably the most used platform in the forex market today, due to its fast execution, advanced charting and analytics tools, and a number of supported tradable assets.

The platform is highly navigable and suitable for a range of trading levels and styles and is compatible with Android and iOS over a wide range of interfaces for both mobile and desktop.

Some of the major advantages of this platform include the following:

• Real-Time Access to Market Prices and Liquidity.
• Technical and Fundamental Analysis Tools of All Levels.
• Multiple Trading Orders for High Flexibility.
• Robust Security and High Stability for Peace of Mind.
• Automated Trading Option for Experts.

FXTSwiss vs Exness vs XM – a Comparison

FXTSwiss Customer Reviews

I’m a day trader and trading at FXTSwiss using MT4 platform. I’m so satisfied with FXTSwiss because they provide excellent services. So far, my trading has always been profitable due to their instant execution on the platform, and the most important thing is I never face a margin call. It’s also easy to withdraw money, it only takes one day to be successful. FXTSwiss is a reliable and professional broker.

I have been trading with FXTSwiss for three months and I have a most horrible experience with them. Their MetaTrader4 terminal gets hung for most of the time but they did not fixed it yet. End of the last month they give me trade signals on Gold pair that are false and l lost $387 in a single trade. After that, I decided to withdraw all of my balance. So I made withdraw request of $635 from my account and the worst part was that I got my money 24 days later via wire transfer. I am completely frustrated with this broker.

Trading with FXTSwiss is undeniably profitable. Because they offer a stable platform with tight spreads, I am able to earn pretty well. Withdrawing funds is also smooth. Just last week, I withdrew $100 and it was transferred the next day.

FXTSwiss Pros and cons

FXTSwiss Conclusion

FXTSwiss offers some notable benefits and features, primarily the offer of commission-free trading, as well as high leverage and a wide selection of tradable pairs and assets with competitive spreads.

The provision of MetaTrader4 is an additional bonus, being one of the most advanced and popular trading platforms in the industry.

However, the fact that this broker is not regulated in any way is a severe issue and the fact that its parent company cannot even be traced means that traders who sign up with FXTSwiss will be operating in a completely unprotected trading environment.

This is a matter of serious concern, and prospective traders should way this in the balance of the many incentives for trading with this broker.

FXTSwiss Disclaimer

Risk Warning: The Company also offers CFD products which are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with FXTSwiss.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Cryptocurrencies are complex, high-risk, and volatile and may result in the loss of all invested capital over a short period of time; they are not appropriate for all investors.

Investors must understand and acknowledge these specific characteristics and risks and be warned that there is no EU regulatory framework governing trading in cryptocurrency products.

CFDs and Forex are not only complex instruments, but they also have a high level of risk which may result in loss of funds that exceed the trader’s initial deposit.

Traders need to evaluate their objective, level of risk exposure and willingness to be exposed to risks, according to research done in South Africa.

Overall Rating

• 3.0/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 1000

Regulators

CIMA, ASIC

Trading Platform

MT4

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

Frequently Asked Questions

Is FXTSwiss a fake or scam broker?

FXTSwiss is regulated by CIMA, ASIC & Cyprus

What is the overall rating for FXTSwiss?

The overall rating for  FXTSwiss is 6/10

How many instruments can I trade with FXTSwiss?

FXTSwiss provides access to trading in forex, oil, gold and Bitcoin

Does FXTSwiss offer leverage?

Yes, FXTSwiss offers maximum leverage of 1: 500

What are the available deposit currencies for a live trading account?

USD, EUR, CHF