Score
10-15 years Regulated in United Kingdom
Straight Through Processing(STP)
MT4/5 full license
Regional Brokers
High potential risk
Influence
A
Score
License Index7.23
Business Index8.07
Risk Management Index0.00
Software Index7.87
Regulatory Index7.20
Influence
A
Single Core
1G
40G
English
+44 (0)20 7186 2600
More
Company Name
Swissquote Ltd
Company Abbreviation
Swissquote
Platform registered country and region
United Kingdom
Company website
Company summary
Pyramid scheme complaint
Expose
Capital
$(USD)
The platform caused great losses to investors by many ways.
I deposited 8000 on this platform because my wechat friend invited me. But then it was said that my card was of mistake and I had to pay a margin of 5000. I should withdraw on September 29 but it still told me to pay 10500 yuan in order to approve the withdrawal.
I was pressured into adding deposits to my already funded account in order to avoid losing everything which is ridiculous if you ask me. After many phone calls, emails and threats to take legal action, they promised to make a settlement but did nothing Making a report to a complainant fintrack/ org saw me receive my investment back from the broker though i couldn't get to close the account I was able to cut all ties with Swissquote
My friend traded on the Swissquote platform. Originally, he chose to use this platform for the safety and stability of Swissquote. As a result, the Swissquote black heart platform maliciously slipped and widened dozens of spreads on the pound button on April 5, causing my friend More than 100,000 US dollars were sold out. Later, I found the platform and asked why the quotation was different from other platforms. The customer manager Huang Zhicong said that he would appeal to the platform, and said that the quotation of the platform's liquidity provider Bloomberg was not so low at that time. I have provided evidence, but a few days have passed without a clear reply. Maybe the platform does not want to be responsible, so Swissquote is not a safe platform, but a black-hearted platform. I don’t know how to change the quotation at will, expand the spread, and cause losses to customers. Negative value, there is also a problem with the platform's liquidation mechanism. I hope that this matter will be exposed, so that everyone can learn from it. Don't use this black-hearted platform. This platform is not trustworthy.
My friend got malicious slippage and liquidation at Swissquote platform and they do not compensate.
My account might have lost up to $54,205 because they intervened in the MT5 program, causing the closing price to be completely different from the price at which I placed the stop loss order. View comprehensive spreadsheets and images derived from the orders. swissquote closed it. continued to put off withdrawals
Swissquote has seven supervisions in total. Switzerland, United Kingdom, Singapore, United Arab Emirates, Luxembourg, Hong Kong, Malta and other countries and regions. Some people cannot see others well. I had seen so many people from my own countries in recent years in foreign. Rather than saying about open a foreign exchange trading service provider, it is better to say to open a pawnshop. I can earn yours, but you can't earn mine.
I joined a QQ group for stock trading in April. At first, the teacher explained the knowledge of stocks, and the class started on time every night. At that time, the A-share market fell to more than 2,000 points. They took advantage of the current situation and began to tempt us to do foreign exchange and A50 index. It is followed by opening an account, posting profits, and complimenting the teacher. More and more friends are unable to resist the temptation, and I am among them. Opened an account and made a deposit, with a total of 167,000 RMB. At the beginning of the operation, there is a so-called teacher's guidance. I made a reverse order at the beginning, and it took a month to solve it. I didn't notice it at the time. Later, I solved it and made some orders, all of which were dozens of profits, and I found that there was a little bit of profit. Profit, the teacher will prompt out. Once it comes out, the profit goes up. Within two days, it was said that there was a wave of interest rate hikes by the Federal Reserve, which made me do more than 8 hands, during which I lost thousands of hours. Then it said that the wrong market situation was judged, resulting in a liquidation. These routines are obvious fraud routines! The Q group is gone, it is said to be blocked.
I never trade before and was deceived to this platform. I realize later that it is a such fraud platform.
The salesperson said nice things tome when I was going to open an account. However, the guy disappeared when I wanna withdraw funds. Slow response. I offered the withdrawal screenshot to the salesperson and nothing was wrong. But then they refused my application via emails. In the end, the salesperson asked me to consult the customer service.
Zhang Guoqing, agent of Swissquote, keeps introducing his trading system to customer. He is a fraud capital manager that promise low retreatment with high returns. According to statistics, this person has already been in the industry and committed several crimes, causing huge losses to many people. Please keep your eyes open and recognize this person, so as not to be deceived again. At present, it has been reported for investigation. If there is still one who has been deceived, please private message me to add more evidence.
Why was pound not liquidated at a high price, but was liquidated when the price was more favorable? This is because the spread is widened. When locking a position, you must consider the possibility of the spread expanding. Depending on whether it is late or just opened. When the liquidity is different, the spread is also different. According to the screenshot, the spread at that time was 1.75584-1.75511 = 73 points and when your account was liquidated, the spread widened to 187 points due to lack of liquidity due to the close of the market. At that time, your lock-up lot was 20 lots, so it was 20*(187-73) points and then converted into Canadian dollars and divided by 1.26 = 20*(187-73)/1.26 = USD 1809 . ** Subtract 73 points, yes Because at that time when the pound plus point difference is 73 points, your net worth is USD 1803, and the advance payment is USD 687.55 as the basis**. If the liquidation rate is 30%, 687.55*30% = USD 207, you must have USD 207 to maintain your position. However, due to the widening of the spread, your floating loss reached USD 1809 at that time, and the net value of USD 1803 – USD 1809 < USD 207 was no longer enough to maintain the position, which eventually triggered a liquidation order. We are also very sorry for this result. If you have any other questions about this result, please contact us.
It was a Swiss account when I opened it and I have not play it for a while. When I log in, I saw the account was belong to UK of Europe and I have not receive any email about transferring the account.
Severe slippage led to stop loss. My order should be profitable on October 18, 2021 according to the market showed on most platforms. But it was stopped and I could not make profits. It said the losses were due to the bank qualification to ensure the safety of customers' funds. But investors had to pay high transaction costs. Customers' investment in their bank was consumed up by the fraud platform.
Let's have a look on this person's history first, Zhang Guoqing, this person uses Swissquote's agent to build customer trust and help customers hedge their deposits and withdrawals. There are multiple WeChat accounts, multiple mobile phone numbers, pseudonyms for external use, Zhang Guoqing, fraudulent tactics, high returns with EA, small drawdown, using customers to play AB positions for hedging, the order never stops losing, this person is a trading novice, Using user A's position to hedge with B's position, the loss of B's position is blackened, and the profit of A's position is divided. At present, the industry has been entangled by this person, and the amount involved in the case is as high as 5 million US dollars. This person said that he has a company and a technical team. They are all directed and acted by themselves. This person is already a black household in the court. Zhang Guoqing, ID number: 60105198610010536
At the time of trading on September 21 this year I had two accounts, one with $13,000 and one with $30,000. The long order is 1.24 lots, one is 2.5 lots. Short orders a 0.36, one is 0.7, in the market began to fall when I two accounts at the same time for lock processing, there are four consecutive 1-hand short pending orders, 13,000 accounts off a order lock and pending orders all deal, 30,000 accounts only deal with a lock order pending orders a did not deal, when the market really fell 800 points one after another, after the start of the card for up to 5 minutes. The small account 1.24 lots of realistic profit of more than 5400, but after closing the resumption of the chuck show only earned more than 1600, 4 short pending orders all loss to close, the large account lock order deal. 4 pending orders none of the deal, the result is the disk not card after the small account is still less than 2,000 U.S. dollars, the large account burst,. The small account lock order anyway to leave a little profit, but the large account lock order shows a loss of more than $22,000, more exasperating. The entry point of this order is not at all down to the location of the transaction. The difference in points is ridiculous, and the falsification is also outrageous, people who do not know how to trade can see that the problem emerged after many consultations with the platform, they refused for various reasons, and finally gave compensation of $420, such a platform is harmful. The friends who are still trading on this platform are alert to it!
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