Reading Time: 4 minutes SCAM RECOVERY

SwiseInvest Broker Review – How We Exposed Trading Scam

SwiseInvest Online Trading Scam

SwiseInvest is an online trading brokerage misleading clients regarding headquarters. The name implies dealing with a Swiss company while, in fact, you’re involved with an offshore scam.

We wouldn’t dare give such statements without proof, so read our SwiseInvest review, and you will understand everything.

But before you continue reading this article, we encourage you to read our recently updated AG Markets, Primefin and PrimeXBT scam broker reviews. Without a doubt, it will save your money, nerves and time!

Broker Status:Offshore Scam Broker
Regulated by:Unlicensed Company (No Regulation)
Scammers and
Operating Status:Active Forex Trading Scam
Blacklisted as a Scam by:CBR
Broker Owner:Luten X LLC
Headquarters Country:Saint Vincent and the Grenadines
Foundation Year:2020
Online Trading Platforms:WebTrader
Mobile Trading:Available
Minimum Deposit:N/A
Deposit Bonus:No
Crypto Asset Trading:Not Available
CFD Trading Option:Yes, you can trade CFDs
Available Trading Instruments:Forex (FX), Commodities, Indices, Shares, Futures
Maximum Leverage:1:400
Islamic Account:Available
Free Demo Account:No
Accepts US Clients:US traders are not accepted
Global Fraud Protection Experts’ Verdict:Don’t Invest in This Scam Broker!

Is SwiseInvest Safe or Scam?

To begin with, SwiseInvest is owned by Luten X LLC from Saint Vincent and the Grenadines. Since this offshore country directs brokers to opt for a license in the country of service, and we know that broker is mainly present in the UK, Canada, Germany, and Poland, we’ve checked their registers. So you can already guess the outcome.

Questions About SwiseInvest License – Reputation Problems

Not just that SwiseInvest regulation is nowhere to be found, but the broker has an extremely negative reputation among clients. Everyone claims that the SwiseInvest trading scam has no limits, and you should be well aware.

Scam Warnings From Financial Regulators

Since the broker has many issues, as explained, it was noticed by regulators as well. The one who published an official warning against the SwiseInvest scam was the Russian Central Bank, CBR. This regulator stated that SwiseInvest broker is unregulated and provides financial services illegally.

Negative SwiseInvest Reviews – Stay Away From Trading Scam

As aforementioned, SwiseInvest is not the most popular broker out there. Clients are unable to withdraw their funds, which, combined with the fact the broker is unregulated, leads to many problems.

Everyone involved needs to find an alternative way to fight the SwiseInvest scam as there are no authority bodies who will take responsibility for an offshore entity.

So, if you have found yourself unable to withdraw your funds or worse, file a SwiseInvest complaint immediately and look for assistance.

SwiseInvest Currency Pairs

What Are Trading Platforms Available? – Trading Software

Like many brokers, this one didn’t pay lots of attention to trading software as well. Instead of offering something reputable, such as MT4 or MT5, clients are left with SwiseInvest Web trader.

WebTrader Platform

Excusing their lack of professionalism by saying that Web trader is the top-class platform everyone wants, the broker listed perks of its own software. Allegedly, there are 50 built-in indicators, one-click trading, EAs, and much more.

However, since the broker is unregulated and a Web trader is far less safe than MetaTrader, you should avoid this firm anyways.

About Mobile Trading App

SwiseInvest offers a mobile app based on the Web trader for both Android and iOS devices. If you want to download the app, go to the broker’s website and use the link provided in the platform section.

SwiseInvest Trading Instruments – What Can I Trade?

When it comes to trading instruments, SwiseInvest forex broker decided to take an unusual approach. Instead of offering cryptocurrencies, the most popular asset at the moment, they went for futures.

So, here’s the full list of markets:

  • Forex
  • Commodities
  • Indices
  • Shares
  • Futures

To sum up, bear in mind that every asset comes with unregulated leverage and unknown initial deposit, exposing any funds you invest to risk.

Moreover, think twice before taking any risks while investing money in GlobDeChain, Status Markets or EqualityFin brokers.

SwiseInvest Trading Accounts – Account Types

When it comes to Live accounts, there are 3 SwiseInvest account types:

  • Silver 
  • Gold
  • Platinum

Accounts differ in leverage as with each you’re getting another 1:100 added, perks such as swap discounts and a dedicated account manager. However, the SwiseInvest minimum deposit hasn’t been disclosed, so we cannot say how much you will need to pay even if you want to go for this scheme. 

Free Demo Account Service

Meanwhile, there is no SwiseInvest Demo account, meaning you will have to pay to test the platform. So remember that the broker is illicit and avoid such investments.

Islamic Account

The broker ensured their clients could enjoy trading regardless of religion and set up a special Islamic swap-free account. However, anyone who decides to start this account will be charged a fixed commission instead of the swap, and this commission is undisclosed.

SwiseInvest Deposit Methods – How To Deposit?

When it comes to depositing, we want to clarify that investing any funds with an unregulated offshore broker is risky. If, however, you wish to proceed, you will be able to make a deposit using your debit/credit card or bank transfer.

According to the website, there are no commissions or hidden fees. Yet, since everything else is hidden, we don’t see why fees would be an exception. Also, there’s no mention of the SwiseInvest bonus, but if you’re offered some, make sure to ask for conditions before being scammed.

Scammed By SwiseInvest Broker? – Talk To Our Recovery Experts

Finally, if you fall victim to the SwiseInvest scam, let us know. Our chargeback specialists are here to listen to your story and find an appropriate refund solution. Above all, Global Fraud Protection specializes in helping online fraud victims get their funds back.

Instead of letting scammers win, get in touch. Last but not least, book your free consultation via online chat and let us know what happened. Our experts are at your disposal!

Don’t Let the Scammers Go Away for Free!

FAQ Section:

What Is SwiseInvest, And Should I Invest Money In It?

Basically, it is an online Forex and CFD trading provider without regulation.

What Is The SwiseInvest Minimum Deposit?

Broker didn’t disclose the minimum deposit that it requires to start investing.

Which Trading Platforms Are Supported By SwiseInvest Broker?

Actually, the broker supports only a WebTrader with corresponding apps for desktop and mobile.