Since SwissIAMs official website (https://swissiam.com) cannot be opened for the moment, we could only piece together the rough picture of this broker through gathering some relevant information from other websites.
General Information
SwissIAM seems to be forex broker registered in Switzerland. Since we were unable to find relevant information, we have no idea about what trading assets it provides. SwissIAM seems to offer four types of trading accounts, with the lowest required opening deposit being € 250, and traders can employ a maximum leverage of 1:300 on their positions.
However, when it comes to regulation, SwissIAM is not authorized or regulated by any regulatory authority. Thats why it receives a pretty low score on WikiFX, 1.04/10.
Account Types
Four trading account tiers are designed to suit different traders trading needs, and the account type is determined by the initial deposit. € 250 is what a lite account needs, and the Plus account asks for € 3,000. The Elite account is the most expensive trading account, requiring € 15000 to start. The good news is that Islamic accounts are available, with the minimum deposit of € 1250.
Leverage
Leverage in trading is, in fact, dependent on the type of account used, ranging from 1:100 to 1:300.
Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size (no more than a 1:10).
Customer Support
Contact this broker using the following methods if you have any questions or problems with your trading:
Online Chat
Telephone: +41 218213963
Email: support@swissiam.com
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
Pros & Cons
Frequently Asked Questions
Is SwissIAM regulated？
No, SwissIAM is not regulated anyway.
What types of trading accounts available with SwissIAM？
Four types of trading accounts are available: Lite, Plus, Elite, Islamic.
What is the minimum deposit amount required to make a start with SwissIAM？
The minimum deposit amount required to register a live account is € 250.
