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SwissCay

Operating status: SCAM

Website: https://swisscay.com/

Broker violations and abnormal records
  • May 07, 2023 The Bahamas regulator SCB added SwissCay to warning list

    On May 8, 2023, the Securities Commission of The Bahamas (SCB) added SwissCay to warning list for offering financial services or products illegally: https://www.scb.gov.bs/wp-content/uploads/2023/05/Public-Notice-No-2-of-2023-Unregulated-Entities.pdf

    On May 8, 2023, the Securities Commission of The Bahamas (SCB) added SwissCay to warning list for offering financial services or products illegally: https://www.scb.gov.bs/wp-content/uploads/2023/05/Public-Notice-No-2-of-2023-Unregulated-Entities.pdf
  • May 10, 2023 BrokersView has reviewed that SwissCay is an unregulated broker

    SwissCay claims to be owned and operated by SwissCay Ltd. registered in the Cayman Islands. Brokers in the area, as required by law, must seek authorization from the Cayman Islands Monetary Authority (CIMA) before soliciting investors and offering financial services or products. However, we didn't find any records matching this company in the CIMA registry. This is a red flag. In addition, SwissCay displays the logo of the Securities Commission of the Bahamas (SCB) on its homepage to imply its possible association with the agency. But the SCB has issued a warning against this broker for offering financial services or products illegally.

    In essence, SwissCay 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.

    SwissCay claims to be owned and operated by SwissCay Ltd. registered in the Cayman Islands. Brokers in the area, as required by law, must seek authorization from the Cayman Islands Monetary Authority (CIMA) before soliciting investors and offering financial services or products. However, we didn't find any records matching this company in the CIMA registry. This is a red flag. In addition, SwissCay displays the logo of the Securities Commission of the Bahamas (SCB) on its homepage to imply its possible association with the agency. But the SCB has issued a warning against this broker for offering financial services or products illegally.In essence, SwissCay 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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