Swiffbit Review – Swiffbit scam or legit?
Are you planning to trade with Swiffbit broker? Or you have already invested money and want to know that Swiffbit is legit or scam? Read this Swiffbit Review written by Scam Helpers’ experts.
Swiffbit asserts that it is governed by the Financial Sector Conduct Authority (FSCA) and the Australian Securities and Investments Commission (ASIC), however, our search for this firm in the registries of these two organisations turned up nothing. This raises an alarm. Additionally, Swiffbit claims to be governed by the Financial Conduct Authority (FCA), a claim that is refuted by the FCA’s warning against the company.
In essence, there is no regulating organisation that oversees Swiffbit. It is extremely hazardous to entrust this broker with investors’ money because there are no legal safeguards in place to secure such cash. It is without a doubt a fraud.
Address: 237 W 35th St Suite 602 -5th Floor, New York, NY 10123
Warning: Financial Conduct Authority (United Kingdom)
Domain Age Information of Swiffbit
Swiffbit Review – Is it safe to invest here?
We, The Scam Helpers Team, have done extensive research for finding the facts of Swiffbit Review. We urge investors not to invest in Swiffbit, as it is suspected of being a scam broker. To avoid being duped by an investment scam plan, it is best to first check authentic review written by experts liek Swiffbit Review.
After conducting some research on investing forums and social media platforms, we learned that many people had negative experiences with Swiffbit and left negative opinions about it. You should examine it before making an investment because it appears that Swiffbit is an unreliable investment company. Read a complete Swiffbit review, and you’ll see that not all things are as good as they appear.
Risk is an integral part of every type of trading. A genuine investment provides the broker with an excellent opportunity to earn a profit if they make the right decisions. We have done profound exploration, looked at various brokers and trading conditions, and prepared a comprehensive list of scam brokers 2023 to aid your decision-making.
We include the name of Swiffbit here in the Scam brokers list because it is not a legit broker. For fledgling brokers or clueless clients, Swiffbit will appear as a genuine investment opportunity for unsuspecting users and novice traders.
We are here to expose this broker by providing this Swiffbit review and share with you the reason for presenting this Swiffbit review.
Is Swiffbit Legit or a Scam?
Investment scams such as Forex trading scams, Binary scams, Crypto scams and others are hard to spot. But still there are many signs which indicate that Swiffbit is suspected as a scam broker. Let us read them, After taking a look at their website, we found numerous warnings that should be enough for you not to invest in them. Some of the reasons why we include Swiffbit as an unsafe broker.
Regulation And Safety Of Funds
Being an unregulated firm or regulated by a non standard authority is the worst thing, and it makes you an exploitative cheat. Swiffbit is a scam, and your money is at risk.
By investing your money in an unregulated and unlicensed broker, you are indirectly putting your funds in danger. For that reason, we ask our readers to invest with brokers who have licenses from authorities like FCA, ASIC, FMA, etc. Authorized brokers are covered by many prerequisites, and a large number of them apply anti-fraud practices. As such, they are the specific inverse of what these brokers and others like them represent.
Deposit And Withdrawal Methods And Fees
There is a reason why these fraudsters, as well as many other scammers, would frequently advise you to deposit in cryptocurrency. You cannot get a chargeback on such transactions because they are entirely irreversible and all of them are recorded in a ledger that cannot be modified later. Depositing money with scam brokers is therefore, rarely a good idea. If you have already invested your money with Swiffbit, you should immediately ask for a withdrawal as your money is not safe with this broker.
With Swiffbit, if you ask for a withdrawal, they will postpone the process by giving some reasons for a long time so you can find no alternative to file a complaint.
Customer Swiffbit Reviews
Scam Helpers found that Swiffbit got negative customer reviews and ratings on many other sites, and also got low trust scores among users. With this review and after reading all the negative and positive Swiffbit reviews, we found that this broker is not fair and might be a potential scam broker. To avoid these scams, we provide a list of scam brokers 2023 on our website.
False Commitments of Ensured Benefits
Any moneymaking promises in the financial market come with a risk. Some brokers will attempt to let you know that their financier can assist you with turning ensured benefits when you utilize their platform. If you get attracted by such brokers, there’s a chance of getting scammed by them.
How does Swiffbit Scam Work?
One of the most common forms of online trading scams involves showcasing profitable trades to entice investors into a false sense of security and make them believe that making money is easy. Once trust is established, the investor is encouraged to invest more money to receive even greater returns. In some cases, other incentives may be offered to encourage the investor to invite friends and family to join the platform as well.
They will suspend or close your account when they believe you are unable to invest any more money in the fraud, and you won’t likely hear from them again. In order to appear trustworthy in the eyes of potential customers, many scam companies falsely state that they are headquartered in a regulated jurisdiction by using fictitious locations and regulation licenses.
How to keep yourself safe from scam brokers?
- Do good research about the broker. Go through reviews and pick a broker with positive reviews. A conventional web search can give experiences into whether negative remarks could simply be a disappointed broker or something more serious.
- Ensure the reviews do not contain anything negative about the broker’s withdrawal process.
- If you are happy with your examination on a specific broker, then trade for a while first, and afterward attempt to make a withdrawal.
- If you face some issues, discuss them with your broker. If it doesn’t go well, file a complaint and share your experience online with everyone.
Is Swiffbit broker Legit or a scam: Conclusion
It is clear from Swiffbit review that this broker is not right for trading. We unequivocally encourage all traders and investors to keep away from Swiffbit and similar brokers. If you really want to trade online, find a broker who is regulated and has trusted and positive reviews.
Got Scammed by Swiffbit? Scam Helpers can help
If you are a victim of Swiffbit scam, or other scams like forex scam, cryptocurrency scam, binary scam, etc., file a complaint here to get your funds back. Scam Helpers can process your complaint and help you in fund recovery. We should begin and determine the matter before the harm is considerably greater. Your one step can save you and other people from being cheated by such brokers.
More about Scams
Visit our Facebook Page
Visit our Twitter account
Read the comprehensive list of Scam brokers here