

SwissRoi
SwissRoi Details
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Swiss Roi is an unregulated broker which claims to be authorized by several jurisdictions, but in fact has no licenses therefore is offering its services outside the law. Bear in mind as well that this broker has very risky leverage of 1:200 which exceeds the standard amount required in the EU. It also offers a starting bonus – something that is forbidden in Europe as well. As you see, Swiss Roi just can't be licensed by any financial institution in Europe and is not to be trusted. Keep reading for more details on why we think Swiss Roi is a scam.
Regulation and safety of funds
Swiss Roi says that its main office is in London, the UK. It points out its address, phone number and company name – Swiss Crypto Advisors London Limited. The broker also claims to be regulated by the local Financial Conduct Authority (FCA) and provides a license number (810465). Of course we searched the registers of FCA and found out that a company with this number was in fact regulated by this authority, but its license has expired since 23/05/2020 so it is no longer registered within FCA. You can see some more details down bellow:
As you see the company name and the reference number are the same so there is doubt that it's the same broker we are reviewing here.
Swiss Roi also claims to have two more registered offices in Cyprus (company name Swiss Asset Advisors) and in Switzerland (company name Swiss Crypto Advisors AG). It also insists that it is regulated by both of the local financial watchdogs – the Cyprus Securities and Exchange Commission (CySEC) and the Swiss Financial Market Supervisory Authority (FINMA) and provides some license numbers, as well as addresses. All of these details seem very convincing, but in fact this broker isn't authorized by any of the above listed regulatory bodies. We checked their registers and there was no data about Swiss Roi.
Sadly, this broker happens to be yet another scam firm delivering misleading information and risky trading conditions. For your own good, we advise you to stay away from such forex brokers.
It is always best to choose a trust-worthy broker with a legit forex license. This way you can trade forex pairs, precious metals, indices or cryptocurrencies and be calm that your investment is in safe hands. The reason being that these brokers follow so many rules and guidelines set by the local regulatory bodies that there is a very poor chance to be deceived. The most important requirements happen to be the minimum deposit requirement, the participation in compensation schemes and the obligation for segregated accounts. Let's see more details about each one of them.
Firstly, every broker wanting to get a forex license must have a minimum net capital that guarantees its financial stability. In Cyprus and the UK the amount is 730 000 EUR. Switzerland, not being a member of the EU, has a higher requirement for a minimum capital – 20 000 000 CHF.
Additionally, regulated brokers are obligated to take part in the so-called compensation schemes. In the UK the clients are insured against insolvency for up to 85 000 GBP, whereas those in Cyprus – for up to 20 000 EUR. In Switzerland a similar customer protection scheme can compensate you with up to 100 000 CHF.
As for your safety of funds, you can be sure that all licensed brokers take the necessary measures to protect your investment. They must keep your money in segregated accounts apart from their own capital, thus eliminating any possible risk of fraud.
Trading software
On its website Swiss Roi claims to offer ProWave trading platform.
Additionally this broker doesn't seem to offer a demo account, so we opened a live one. We registered within seconds and were granted access to a simple web-based platform. Take a look:
As you see you can trade different forex assets through this software. It also has some basic indicators and tools, but nothing special in particular.
Better look for a legitimate broker with proven credibility – such financial services providers usually offer the industry standard MetaTrader 4 or MetaTrader 5.
Trading conditions
Swiss Roi says to offer a couple of different trading accounts – Basic, Advanced and Premium. See for yourself:
The Basic account requires a minimum deposit of 250 USD, which is a standard amount and most reputable brokers would ask for the same sum. The Advanced one however asks for 3 000 USD which seems a little unnecessary to be honest, given the fact that this broker is not regulated and all, it's pointless to deal with it.
On the other hand, the leverage of 1:200 that Swiss Roi has is way too high especially for a retail trader. Note that the leverage in the UK, Cyprus, Switzerland (as well as in the whole EU) is limited to 1:30 in order to prevent any possible risk of failure.
Still, if you want to give it a try and trade with high leverage it's better to turn to a trustworthy broker – you can look for example at some of the offshore subsidiaries of reputable forex brokers here.
As you can see, Swiss Roi also offers a starting bonus, however such bonuses and promotions are forbidden in Europe by the local authorities. One more proof that Swiss Roi isn't authorized by any of them.
As to the spread that Swiss Roi offers it says to be 0.18 pips. On their trading platform we were able to see a spread of around 0.0 pips, which in general is favorable for trading, as any spread higher than 2 pips comes with higher trading costs respectively. Nevertheless, this cannot compensate for the fact that Swiss Roi is absolutely unlawful, lies about being regulated and also offers very risky leverage. So if you value the safety of your funds, you better stay away from it.
Deposit/Withdrawal methods and fees
On its website Swiss Roi displays a chart of its payment methods – there is an e-wallet (not specified), bank transfer, credit/debit card (Maestro, Visa)and wire transfer.
However after we opened our account and tried to add balance to it, it turned out that there is only one payment option – a credit/debit card transaction through the payment platform of PayPound. Very disappointing indeed, but you shouldn't invest here anyway, as we already stated.
Be careful, as scam brokers tend to lie about the payment methods they accept. Most often it turns out that the only possible option is crypto transaction and this is problematic for a couple of reasons. First of all, fraudsters want you to use crypto coins such as Bitcoin or Tether because these payments are irreversible. This means that you can't get your money back once the transaction is completed and your money’s gone for good. Secondly, these types of payment are absolutely anonymous as you don't know to whom the wallet actually belongs – one more drawback that shouldn't be underestimated. In case you have been scammed, note that you can't say for sure to whom you made the deposit and can't prove anything. As for the relevant financial authorities, don't bother looking for their help, because, as we said, scam brokers are not regulated by them.
That is why most of the traders prefer to use more traditional payment methods such as Visa/Mastercard or popular e-wallets like Skrill, Paypal and Neteller. They are all proven to be safe and reliable and also give the possibility to file for a chargeback (credit/debit cards) or to open a dispute (e-wallets).
SwissRoi compared to other brands
Brand
Rating
Bonus
Min Deposit
Company
Country

SwissRoi
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ForexTime
Copy trading
$10
United Kingdom, Cyprus, South Africa, Mauritius

OctaFX
50% Bonus
$50
Cyprus, Saint Vincent and the Grenadines