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Our swychcorp.com review will expose why Swych Corp is a scam. The broker allegedly blocks withdrawals from members. And this has caused a problem among several traders. But unfortunately, the broker doesn’t give reasons as to why this is happening.
From what we have seen, SwychCorp is another exit scam. The broker opens up a trading platform to fool investors into depositing. There’s no trading taking place on this platform. Here’s our candid SWYCH CORP REVIEW for more.
Navigating through the platform can be a problem at times. The liquidity provider creates a website whose pages rarely work. The platform is indeed trying to do something with its current web page.
The homepage screams of a platform not ready to offer much in terms of quality. We have a platform whose owner is not easily found. The broker fails to reveal who they are on the about us page.
We don’t have an actual background or history of the platform. The platform wants users to believe everything posted, no questions asked. Well, we had to ask the questions to determine the legality of this brokerage firm.
Without any evidence to prove their claim, we suspect Swych Corp is another broker scam. The broker claims tens of thousands of traders have signed up with them. Unfortunately, that’s far from the case, as the broker only has raised complaints from members.
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Speaking of the trading platforms, the broker offers a tentative trading platform. First, the broker introduces a custom-built trading platform lacking several features. Those who have engaged with the platform claim it’s HIGHLY UNSTABLE.
Experts recommend using world-class trading platforms such as MT4 and MT5. However, the platform fails to offer much in terms of quality and reliability. In addition, you have a platform not fully compatible with desktop and mobile devices.
There’s also no app for their trading platform. Most of the time, the broker will re-direct users to a custom-built trading platform. And that’s why you need to avoid the broker or risk losing it all.
We recommend using innovative and expert-backed trading platforms. You enjoy a barrage of trading features with MT4, MT5, and SIRIX. These include advanced tools and robots. Try and use these platforms as they are compatible with all devices.
NOTE: These are the most reliable crypto investment strategies backed by experts.
There are three account plans available on the platform. These include Starting, Advanced, and Professional. Each of these plans promises something different. The plans also target another class of traders.
Starting
It’s the most basic account, with investors having to deposit $150 to get started. Leverage starts at 1:100 with members using the instant execution model. Members, however, fail to trade in crypto and metals. Deposit insurance is also not on the cards.
Advanced
For this tariff, members must deposit $1,000 to get started. Leverage is, however, put at a minimum of 1:500. Members get to trade with commodities, crypto, forex, and indices. Deposit insurance is also on the cards.
Professional
Seen as the plan for expert traders, you must deposit $10,000 to get started. The broker also targets institutional investors with this account. Leverage is 1:500, with traders trading with five classes of trading instruments.
From what we have seen, the broker is not following set industry trading regulations. High leverage on two of the accounts puts your trading position at risk. There’s also the issue of not offering deposit insurance to traders.
The broker also fails to mention the available spreads. Most brokers offer fixed or variable spreads depending on the account. The broker also protects deposits with the top tier tariff only. And that’s not going to go well with investors.
We see a broker who is taking advantage of naïve investors. Once you look at the account features for the newbies, you get to see why. The starter account holder holds no trading advantages.
There are five classes of trading instruments available on the platform. These include commodities, crypto, forex, indices, and stocks. For example, you can trade commodities such as coffee, cotton, crude oil, natural gas, and wheat.
The broker avails several crypto pairs against each other. These are leading cryptos, including Bitcoin and Ethereum. The broker also pairs major and minor forex pairs. Forex trading happens to be at the core of the platform’s activities.
You also have a broker offering indices such as DAX and Dow Jones. Stocks available include those from leading companies. These include stocks from all sectors. For example, you can trade aviation, manufacturing, tech, and textile stocks.
Once you sign up, the broker claims to offer 50 percent of your initial bonus. It acts as a welcome bonus for investors. However, you should know this is a trap for members to deposit more funds.
Members deposit a higher amount hoping to get the bonus that cautions them from losses. Unfortunately, that’s not the case, as the broker will eventually block withdrawals. Even regulators are against platforms that offer high bonuses and commissions.
After examining the trading platform, we rate it a 1/10. Customers are complaining of withdrawal issues and a lack of proper communication. The broker is to blame as there’s no word from them regarding the matter.
You will also find no positive reviews from independent sources. A quick search of this broker’s review will reveal what the industry thinks of it. You need to stay away from the broker or face losing your investment.
Hundreds of clients have shared their experiences with the broker for a long. Unfortunately, these clients fail to offer much in terms of assertiveness. As a result, you get a broker not offering much customer experience.
Don’t expect the broker to offer reliable customer support. The platform only has a contact page that limits communication to emails. Once you try calling the listed phone number, the broker fails to pick up calls.
Most of the customers are unhappy with the outcome. Several issues make trading with this broker a hellish experience. First, the member dashboard lacks proper technique and usability.
You get a menu that gets lost once you load the page. Some crypto and forex pairs do not have the set leverage. You get to see a broker manipulating your trading position and, at times, taking over.
You must first check with the community and determine the safety aspect of the broker. Find out if the broker enjoys regulation from a reputable regulator. It would be best if you also ascertained whether withdrawal is possible.
Try and talk to users who have experienced the broker. You can ask a question on crypto and forex trading platforms. The community will always share their honest experience with a broker. Avoid brokers with low ratings as well.
The broker fails to have a valid license from regulators. Please stay away, as this is a trading platform that doesn’t secure deposits. Your funds are at risk as the broker fails to segregate accounts and funds.
Please stay away from the broker.
NB: Invest in proven crypto investments.
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