Is Swisscoininvest scam or Legit? – ScamHelpers Investigation shows that it is a scam.
Why Swisscoininvest is a scam?
Swisscoininvest was added to the warning list by the UK regulator, FCA.
The Financial Conduct Authority (FCA) put out a warning about Swisscoininvest when they found out that this broker may be offering illegal financial services in the UK. Swisscoininvest is an unregistered broker because it doesn’t say anything about how it is regulated. This is a clear sign that it is an unlicensed broker. Reputable brokers always display their credentials prominently.
Swisscoininvest claims to be based at 6 Bruce Grove, London, N17 6RA. Thus, the Financial Conduct Authority will oversee this broker’s activities. But when we looked it up in the FCA, we discovered the FCA had designated it as an unlawful firm.
The truth is that there is no regulatory body that oversees Swisscoininvest. It is risky to allow this broker to hold or handle investors’ money, and there is no legal safeguard for that money. As a result, it is a fraud.
If you are scammed by a Swisscoininvest broker, you can file a complaint in the complaint form on top. You can also share your experience with the broker as a comment.