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SwissAlgo

Operating status: SCAM

Website: https://swissalgo.org/

Broker violations and abnormal records
  • Aug 31, 2023 The BaFin warns consumers about the website swissalgo.org

    On August 30, 2023, the Federal Financial Supervisory Authority (Bafin) issued a warning against swissalgo.org, the operator is providing financial and investment services on this website without the required authorisation. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_08_25_swissalgo_en.html

    On August 30, 2023, the Federal Financial Supervisory Authority (Bafin) issued a warning against swissalgo.org, the operator is providing financial and investment services on this website without the required authorisation. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_08_25_swissalgo_en.html
  • Aug 31, 2023 BrokersView has reviewed that SwissAlgo is an unregulated broker

    Since Bundesanstalt für Finanzdienstleistungsaufsicht(Bafin) warned SwissAlgo, its information regarding its regulatory status is unreliable.

    In essence, condorcapitalmarkets.ltd is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Since Bundesanstalt für Finanzdienstleistungsaufsicht(Bafin) warned SwissAlgo, its information regarding its regulatory status is unreliable.In essence, condorcapitalmarkets.ltd is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

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