The financial world is rife with fraudulent companies and individuals seeking to deceive unsuspecting investors. swisscryptocap is one such company that has caught the attention of many potential investors. This review will provide an in-depth analysis of swisscryptocap, including their services, license, and regulation status, client feedback, and legal warnings.
Company Overview
swisscryptocap is a cryptocurrency and forex trading platform located in Zurich, Switzerland. The company was established in 2017 and has been operating in the market for some time now. Their contact address is Gubelstrasse 11, 6300 Zug, Switzerland.
Broker Name | Swiss Crypto Cap |
Location | Switzerland |
Address:Â | Gubelstrasse 11, 6300 Zug, Switzerland. |
Regulation | Not regulated |
Warning | Not till now |
Team
Information about the company’s team members is not readily available on its website or any other credible source. This lack of transparency about the team behind the company raises some red flags and casts doubts on the credibility of the company.
Services or Products
swisscryptocap offers it’s clients forex and cryptocurrency trading services. They claim to offer access to a wide range of financial instruments, including forex, commodities, stocks, and indices. However, the lack of transparency about the company’s team and services raises concerns about the authenticity of their claims.
Trading Platforms
SWISSCRYTPTOCAP offers its clients access to the popular MetaTrader 4 trading platform. The platform is user-friendly and provides a range of advanced features to help traders analyze the markets and make informed trading decisions. However, it is important to note that the platform itself does not guarantee success in trading.
License and Regulations
License Status
The company claims to be registered with the Swiss Financial Market Supervisory Authority (FINMA) as a member of the Swiss Association of Asset Managers (SAAM). However, upon further investigation, there is no record of SWISSCRYTPTOCAP being registered with FINMA or any other regulatory authority.
Regulation Status
The lack of proper registration and regulation puts investors at risk of falling victim to fraudulent activities. It is crucial to deal with regulated brokers to ensure the safety of your investments and to have legal recourse in case of any issues.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Why Dealing With Unlicensed Brokers Is Risky?
Dealing with unlicensed brokers is risky because it puts your investments at risk of fraud and mismanagement. Unlicensed brokers are not bound by any regulations and are free to engage in fraudulent activities. This includes manipulating market conditions, withholding funds, and providing false information to investors.
Legal Warnings Against SWISSCRYTPTOCAP
Several regulatory bodies have issued warnings against SWISSCRYTPTOCAP, including the Financial Services and Markets Authority (FSMA) and the Ontario Securities Commission (OSC). The warnings advise investors to avoid doing business with the company due to its unlicensed status and fraudulent activities.
Client Feedback About SWISSCRYTPTOCAP
About Trading
Several online forums and review websites have negative feedback about SWISSCRYTPTOCAP, with many investors reporting losses and difficulty in withdrawing their funds. Some clients have reported that the company engages in unethical trading practices, including stop-loss hunting and price manipulation.
About Customer Service
The company’s customer service has also received negative reviews, with clients reporting difficulty in reaching the company’s support team and receiving adequate assistance.
How Can FXfarmupdate Help You If You Get Scammed?
FX Farm Update is a website that provides information about fraudulent companies and brokers to help investors protect themselves from scams. The website offers a list of blacklisted brokers and companies, including SWISSCRYTPTOCAP. It also provides a guide on how to recover funds if you have fallen victim to a scam.
Final Thought
SWISSCRYTPTOCAP’s lack of transparency, unlicensed status, and negative feedback from clients and regulatory bodies make it a risky option for investors. It is crucial to do proper research and due diligence before investing with any broker or company and to only deal with regulated and licensed brokers to ensure the safety of your investments.
