Sswapep.vip is an online trading broker that claims to offer a wide range of financial instruments such as forex, stocks, cryptocurrencies, commodities, and indices to its clients. However, there are many red flags associated with Sswapep.vip that indicates it could be a scam broker. In this article, we will provide a comprehensive review of them to help investors make informed decisions.
Company Overview
| Broker Name | Sun Swap |
| Website | sswapep.vip |
| Location | Marshall Island |
| Regulation | Not regulated |
| Traders’ review | Negative |
Team
When reviewing Sswapep.vip, we found that the company has not provided any information about its team members or their experience. The absence of such details creates suspicion as investors may not know who they are entrusting their funds to.
Services and Products
Sswapep.vip offers a range of investment products such as forex, stocks, commodities, cryptocurrencies, and indices. When we tried to go in-depth to know more about their offered services, we found no details.
Trading Platform
Sswapep.vip claims that they offer a trading platform for their clients that is simple, dynamic, and user-friendly. There is no mention of any third-party trading software provider. We also did not find any demo or demonstration of their own platform.
License and Regulation
License Status
Sswapep.vip does not have an operating license from any financial authority, which demonstrates that the company could be a scam broker. The absence of a license should be a warning to investors to stay away from the business.
Regulation Status
Similarly to being unlicensed, Sswapep.vip does not have any regulatory body that is monitoring its activities. It is crucial to avoid such brokers as it is impossible to know the level of risk involved in investing with them.
Why Should Not You Trust An Unlicensed Broker?
Unlicensed brokers should be avoided as they are not obligated to offer any form of protection to their clients, regardless of whether the client suffers any loss. Furthermore, there are no rules governing their activities, and they do not have to abide by any codes of conduct. As a result, clients have little or no recourse if something goes wrong.
Legal Warnings Against Sswapep.vip
It has received several legal warnings, which shows that it is a risky business to deal with. CySEC and FINMA issued warnings against this broker. They mentioned that this broker has no clarification about their activities and it might be a clone company.
Client Feedback About Sswapep.vip
About Their Trading
When reviewing client feedback about Sswapep.vip, there were several complaints and concerns raised about their trading services. Some investors alleged that the broker had taken their funds, and they had not received any returns or profits.
About Their Customer Service
Other clients reported poor customer service from Sswapep.vip, with some individuals alleging that staff members were unprofessional and unresponsive. Customer service is vital, especially when it comes to online trading, as investors need prompt assistance whenever an issue arises.
How Can Reviewsadvice Help You If You Get Scammed?
If you suspect that you have been scammed by Sswapep.vip or any other online trading broker, Reviewsadvice can help you recover your lost funds. Submit your scam case to us and we will then evaluate your case. Then, we will provide you with a free consultation and service recommendations to help you in recovering the lost fund.
Final Thought
Sswapep.vip is not a regulated or licensed broker and has received several legal warnings. Investors should be wary of dealing with any business that has such a record. Sswapep.vip does not provide any guarantee regarding investor funds, risking significant losses for clients. Therefore, investors are urged to conduct thorough research before working with any broker to avoid financial harm and scams.
