Liquidityswap is a forex and CFD broker that claims to offer a variety of trading products and services. However, there is a growing body of evidence that suggests that Liquidityswap is a scam.
Company Overview
Liquidityswap is a relatively new broker, having been founded in 2022. The company’s website is poorly designed and lacks important information, such as the names of its founders and executives. Liquidityswap also does not have a physical address or phone number, which is a red flag.
Team
The Liquidityswap website does not list any information about its team of traders or analysts. This is another red flag, as legitimate brokers typically have a team of experienced professionals who are available to help their clients trade.
Services or Products
Liquidityswap claims to offer a variety of trading products, including forex, CFDs, and cryptocurrencies. However, the company’s website does not provide any detailed information about these products. This makes it difficult for potential clients to assess the risks involved in trading with Liquidityswap.
License and Regulations
Liquidityswap is not regulated by any financial authority. This is a major red flag, as it means that the company is not subject to any oversight or scrutiny. Unregulated brokers are more likely to engage in fraudulent activities, such as front-running and market manipulation.
Why Dealing With An Unlicensed Broker Is Risky?
There are several reasons why it is risky to deal with an unlicensed broker. First, unlicensed brokers are not subject to any oversight or scrutiny. This means that they are more likely to engage in fraudulent activities, such as front-running and market manipulation. Second, unlicensed brokers are not required to keep client funds in segregated accounts. This means that there is a risk that your funds could be lost if the broker goes bankrupt. Third, unlicensed brokers are not required to provide you with the same level of customer protection as regulated brokers. This means that you may have difficulty getting your money back if you have a dispute with the broker.
Legal Warning Against Liquidityswap
The Financial Conduct Authority (FCA), the UK’s financial regulator, has issued a warning against Liquidityswap. The FCA warns that Liquidityswap is not authorized to provide financial services in the UK and that it is likely to be a scam.
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.
Client Feedback
There are a number of complaints about Liquidityswap online. Some clients have reported that they were unable to withdraw their funds from the broker. Others have complained about the poor quality of the broker’s trading platform and customer service.
Feedback About Their Trading
Clients who have traded with Liquidityswap have reported that the broker’s trading platform is buggy and unreliable. They have also complained about the high spreads and commissions charged by the broker.
Feedback About Their Customer Service
Customer service at Liquidityswap is reported to be poor. Clients have complained about long wait times, unhelpful staff, and a lack of transparency.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by Liquidityswap or another forex broker, there are a few things you can do. First, you should contact the Financial Conduct Authority (FCA) in the UK or the Securities and Exchange Commission (SEC) in the US. These organizations can help you file a complaint and investigate the matter. Second, you can try to get your money back through a chargeback with your credit card company.
Besides these, you can contact us to get a free consultation and service recommendations to get help in recovering the lost funds.
Final Thought
Liquidityswap is a scam broker that should be avoided. If you are considering trading with this broker, we urge you to reconsider. There are many legitimate brokers out there that offer better services and more protection for your money.
