SwissFXM Review: Swissfxm.com Poor Scam

SwissFXM, even, at first sight, you will realize something is wrong. The website’s not built professionally. They also provide insufficient information regarding the operation. The venture claims it has superior trading software that allows them to attain great success. If this is the case, the entity will not shy away from providing its trading performance.

The company guarantees customers that their data and transaction history are secure on the platform. It is unwise to share critical data with anonymous people. The broker has not made any attempt to operate transparently. We do not know the qualification of their team. You may end up entrusting your money to incompetent individuals.

Legitimate brokers will provide financial analysts, developers, and researchers with information. In case of any violation of the law, the authority knows who to go after. However, con artists run their business discreetly to avoid being caught. Some do not have a financial background. They are not even involved in trading.

Ensure that you choose a great forex trading investment scheme to avoid unforeseen events. These are ventures that put the needs of their customers first. Moreover, they have ideal trading conditions. The safety of your money is guaranteed, and you will also earn passive income. 

Swissfxm.com Review

SwissFXM claims it provides investors with advanced technical analysis and charts. We cannot validate you will get accurate data from a company that lacks a trading history. The scheme also states it assists investors who do not have adequate trading skills.

It is a good thing for a broker to educate its clients. The platform trades commodities, forex, indices, and shares. To get more information, you need to contact the offshore entity directly. All information should be available to all interested parties. There is no need to contact the company to get basic data.

SwissFXM is a recently established broker. The domain name is also going to last for a short duration. You may encounter intriguing adverts promoting the activities of this entity. Unfortunately, the information is only available to make naive investors deposit cash. We recommend that you acquire basic trading knowledge before embarking on your investment journey. This will help you to avoid ambiguous brokers.

Trading Conditions of SwissFXM

SwissFXM claims it has the popular MetaTrader interface. Unfortunately, you will only receive a webtrader that does not have outstanding trading features once you register. There’s no trading taking place in this nasty organization.

A genuine Investment company will invest in effective trading software that can be used with a phone or a computer. It will also have programmed trading EAs and a user-friendly interface. Clients can also create custom scripts and use technical indicators.

You should be wary of brokers that promise financial freedom without disclosing their trading techniques. Many scammers in the market are only after innocent investors’ funds. Look for testimonials and trading results to clearly understand how an entity runs. 

SwissFXM offers three trading accounts. The leverage ranges from 1:100 to 1:500. The limit is above what the financial watchdogs approve. The cap is set to protect clients from severe losses. However, offshore schemes have enticing trading conditions to trap more victims and make them lose cash. 

You should note online assets are volatile, and the price keeps changing. You can therefore make significant losses or profits. Unfortunately, fraudsters never reveal the shortcomings involved in trading. They also have a spread of 1 pip on significant assets. It is a generous offer, but it does not serve any use considering you will be dealing with con artists.

Swissfxm.com Withdrawal and Deposits 

SwissFXM does not disclose the payment method available for their customers. This being a scam, they will use options that limit users from issuing a chargeback. To access the deposit section, you need to verify your account using government-issued documentation.

We do not support sharing a copy of your ID with anonymous people. They can misuse your information or sell it to third parties. It is also uncertain whether the platform charges any fees as they leave out this information.

Customer Support and Contact Details

SwissFXM is operating from an offshore region but provides false contact details. The entity is only trying to win the trust of investors. It is impossible to trace down con artists once they exit the market. The end of disconnecting the phone numbers available on their website. Moreover, they also don’t bother responding to emails sent by customers.

To enjoy quality customer support services, you need to deal with legitimate investment schemes. The best brokers in the market will have various communication channels available. Furthermore, some even allow their clients to interact with them on social media platforms. Their support and are professional and handle the issues facing traders on time.

Regulatory Status of SwissFXM

SwissFXM is a platform that does not fall under any regulatory agency. Therefore, the organization can do whatever it pleases without facing any consequences. There are various financial watchdogs in the market that oversee the operation of the investment. They have set rules to protect investors from losing funds.

For instance, there is a capital requirement that every broker must deposit before acquiring a license. The money must be kept in a separate account from those of investors. Hence, this ensures client money is not misused for greedy needs by companies.

SwissFXM is a venture that does not report its daily transaction results to the financial agency. Therefore, it is impossible to determine whether they are trading activities on their website. Additionally, the venture operates discreetly without revealing the experts handling investors’ money.

If the offshore company exits the market today, clients will not receive compensation. The advantage of dealing with licensed companies is in case of insolvency customers can expect compensation.

The people running SwissFXM are not transparent. They can change the terms and conditions overnight without disclosing them to customers. Traders will also not receive negative account balance protection from the entity. We do not see any advantages with this platform; hence you are better off without them.

Red Flags with Swissfxm.com

The platform makes it mandatory for all investors to agree to their terms and conditions. However, the link leading to the legal documentation is blank. Even if the venture inflicts hidden charges on customers, there’s nowhere to turn. It is also unprofessional for an entity to mislead its clients into agreeing to their murky activities without disclosing full information. 

SwissFXM claims it originates from the United Kingdom. It turns out this is another false allegation. It is the right of customers to receive the contact details of the broker they entrust their funds to. We also discovered the entity originates from Marshall Island. Furthermore, the region does not have a financial regulator. 

Therefore, it is easy for scammers to conduct their illegal businesses without being questioned. We are yet to see any successful investors have withdrawn funds from this broker. It will only lose money by trusting the suspicious individual with your earnings.

Final Verdict 

SwissFXM is a company you should stay away from. The con artists running this organization do not intend to generate a passive income for clients. The trading conditions will only subject customers to losing money.

Invest with genuine forex trading entities that have a sound investment history. Additionally, the safety of your money and data is also taken care of. The withdrawal process is swift, and the fees are affordable. 

Are the trading conditions of SwissFXM favorable?

No, the scheme exposes traders to severe risks.

Does SwissFXM have a license?

Unfortunately, this is an illegal scheme

Can Investor earn the advertised returns?

The only thing you can get from SwissFXM is huge losses.