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Empire Swiss analysis: is not a scam. The whole truth about the Forex broker

Empire Swiss is not a scam Johannes Röll Visitors: 29

There are countless brokers operating in the Forex market across the globe. Among them there are responsible companies, institutions with a bad reputation but working honestly, as well as the most real crooks. Now Empire Swiss has stepped up its advertising campaign to attract clients, it is noticeable and therefore we decided to check this broker using our findings.

Reviews about Empire Swiss

Naturally, we will first use Google and look for a negative trail. We analyse the entire output for the query "Empire Swiss fraud" and similar. There are not many relevant links, but all of them must be carefully read. It turns out that they are either not about Empire Swiss or they are anonymous comments with vague claims. Not claims that Empire Swiss doesn't pay money, but grievances about staff, insufficient advice or stories about how someone has traded on their own and made losing trades. It can't be helped – if you trade on your own, you have to take responsibility for your decisions yourself. And anonymous statements are not even worth paying attention to. They cannot be checked, nor can they be sued for defamation.

We have not found any information about criminal proceedings in the press. And on the whole, for a company with a history of more than 10 years (the date of foundation of Empire Swiss is 2011) there are very few negative comments.

It is also important to check whether Empire Swiss is not a scam. That is, they're not using someone else's name and you cant find them In the broker scam list. Even if you don't know all the brands, Google can help you. We haven't found any.

Empire Swiss documents

The relationship with the broker is primarily regulated by a contract. All the conditions of cooperation are available on the website. You have to read it carefully, because the devil is always in the details. If you are not a lawyer and want to check the documents yourself - use the comparative method. Take the contracts of other financial institutions, weigh up every obligation, and claim they make. Do they make too many demands on clients and what kind of commitments they make. In our opinion, Empire Swiss contract is quite standard.

In addition to the service agreement, check the company's registration documents. Empire Swiss legit, company registration – up to date. The company's management, its beneficiaries do not appear in the press or on the websites of the financial authorities in the context of scandals or investigations.

There are no notes on the suspension of Empire Swiss's trading licence due to investigations or bankruptcy.

The company has been operating under the same name for all years. No name changes have been recorded in the register since Empire Swiss founding date. This is a positive signal because it indirectly confirms that management has not tried to cover its tracks. And it also confirms that Empire Swiss is not a brand scammer, that there were no old names that resonated with something.

Empire Swiss trading platform

It's typical enough. An experienced trader will find all the usual tools and you can make sure they work. Developing and maintaining a trading system has always been an expensive endeavour and scammers don't like to spend resources on it. If Empire Swiss broker forex scammer, they would almost certainly get screwed here.

Part of the trader's technical support is also the deposit and withdrawal system. Empire Swiss offers a standard set of payment instruments, including time-tested, albeit outdated, SWIFT payments. We have deposited and withdrawn money several times, from small amounts to quite substantial amounts. We have no reason to say that Empire Swiss does not pay.

Summary

Decisions in the financial market will ultimately be the responsibility of the trader. You can choose an honest broker but make mistakes while trading. You could get your bank details mixed up and have trouble getting your payment refunded. You can be careless with cyber security, a Trojan virus will steal your data, and a hacker will steal your money. Therefore, although we have learnt all the truth about Empire Swiss for ourselves, we recommend that you also check your own company. Alternatively, another one that you are already working with or are just about to.

Johannes Röll
Johannes Röll

Johannes Röll was born 1978 in Brilon,Germany. Graduated RWTH Aachen University. Over the past ten years he worked as Head of the plastic card team, where he was mainly responsible for the development of the distribution, Head of sales Department and Financial Analyst,where he got experience in planning and support sales figures for branches. For the present he works as freelancer

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