ANSWER We strongly advise against trading with Swiss KMS, an unlicensed broker.Several red flags indicate potential fraudulent activities. Firstly, the website lacks regulatory information, which is crucial for verifying the brand's legitimacy. Secondly, it's strange that the alleged German branch uses a UK phone number. Thirdly, despite claiming to have offices in both the UK and Germany, there are no indications that it is registered with the relevant financial regulators. Lastly, the Comisión Nacional del Mercado de Valores (CNMV) has added Swiss KMS to its warning list for providing investment services without the necessary authorization.Therefore, Swiss KMS poses substantial risks of fraud and identity theft. Investors should avoid unlicensed brokers like Swiss KMS to prevent falling victim to fraudulent schemes. We recommend choosing fully regulated brokers instead.
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