ANSWER SwissAllianceFX is not a licensed or regulated broker even though it states offers that look good to be true. SwissAllianceFX claims to be a reliable broker without presenting its regulation or any other information that can trace it, such as telephone number and address. Lacking such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their certificates and licenses in a prominent position. It is a red flag. Moreover, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that SwissAllianceFX is not authorised to provide the investment services. You can check the full warning from here.The truth is, SwissAllianceFX is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like SwissAllianceFX and trade with licensed brokers.
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