SwissAllianceFX claims to be a reliable broker without presenting its regulation or any other information that can trace it, such as telephone number and address. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
Moreover, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that SwissAllianceFX is not authorised to provide the investment services in Spain.
The truth is that SwissAllianceFX 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.
SwissAllianceFX claims to be a reliable broker without presenting its regulation or any other information that can trace it, such as telephone number and address. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. Moreover, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that SwissAllianceFX is not authorised to provide the investment services in Spain.The truth is that SwissAllianceFX 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.