SwissToro Review : Fees, Pros and Cons, Reviews by Real Traders

SwissToro

Operating status: SCAM

Website: https://www.swisstoro.com/

Broker violations and abnormal records

Sep 12, 2022 The UK FCA Warns that SwissToro is a Clone Firm
On 13 Sep 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that SwissToro is a clone firm. The fraudster is using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/swisstoro-finances-limited-clone-fca-authorised-firm

On 13 Sep 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that SwissToro is a clone firm. The fraudster is using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/swisstoro-finances-limited-clone-fca-authorised-firm
Sep 13, 2022 BrokersView has Reviewed that SwissToro is an Unregulated Broker
SwissToro claims to be regulated by the United Kingdom Financial Conduct Authority (UK FCA) with license number 187863, and the Swiss Financial Market Supervisory Authority (FINMA) with number 27240.
Firstly, we searched in FINMA but found no matching results. That means this broker is not authorized by FINMA.
Next, we searched the number 187863 in the UK FCA register and found a company named Swiss Re Capital Markets Limited. But the domain of SwissToro is not approved under the company's name. It is very possible that SwissToro misused the regulatory information of another company.
Moreover, UK FCA issued a warning that SwissToro is a clone firm. The fraudster is using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm.
The truth is that SwissToro is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

SwissToro claims to be regulated by the United Kingdom Financial Conduct Authority (UK FCA) with license number 187863, and the Swiss Financial Market Supervisory Authority (FINMA) with number 27240. Firstly, we searched in FINMA but found no matching results. That means this broker is not authorized by FINMA. Next, we searched the number 187863 in the UK FCA register and found a company named Swiss Re Capital Markets Limited. But the domain of SwissToro is not approved under the company's name. It is very possible that SwissToro misused the regulatory information of another company. Moreover, UK FCA issued a warning that SwissToro is a clone firm. The fraudster is using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm.The truth is that SwissToro is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
Dec 06, 2022 BrokersView has found that SwissToro is not working
BrokersView found the domain "https://www.swisstoro.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

BrokersView found the domain "https://www.swisstoro.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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