Swissqb247 is a company that touts imposing trading conditions. This company wants you to believe that you do not have to pay any fees to trade on their platform. While this is impressive, it is far from the truth. The cost of investing in this website is direr than the founders want you to believe.
Even worse, this company is presenting fake information to attract customers. You should not trust such individuals with your money. These are not professionals who know what they are doing.
Furthermore, this is still a new company. It has less than a year in the market. It takes longer to perfect forex brokerage services. Therefore, you are better off waiting out such companies before you invest.
In any case, you are better off investing in legitimate forex brokers that have been in the market for a long time. Such companies have proven track records and the trust of millions of investors. Meanwhile, stick with us as we review Swissqb247.com.
Swissqb247 wants people to create accounts and start creating their wealth. The company makes this sound very appealing. However, you should know that the forex market is very complex. It requires near-perfect execution to make returns. Therefore, whether you gain profits or losses is entirely up to you.
Still, the company provides access to a variety of other assets. These include commodities, stocks, indices, and cryptocurrencies. This is usually a good thing. It means that you can spread your risk of investment across various markets. However, here, it is coming from an untrustworthy company with no fund safety.
All the perks that the founders promise are marketing tools. You should not go to this website expecting professional services. Moreover, they promised transparency. However, we barely get any background information about the people running the website.
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Evidently, this company boasts of values it cannot uphold. These are not the kind of people you want handling your money. They will promise one thing and go-ahead to do another. Even with several customer support numbers, we have evidence that this is not available to all customers. These are fraudsters with no good intentions. That is why they do not want to hear from the clients.
The Trading Accounts
There are three main accounts to choose from on Swissqb247.com. These include the First Level, Premium, and Luxury trading accounts. The minimum investment for the smallest account is €250. On the other hand, the largest account supports a minimum investment of €125,000.
Interestingly, the First Level account does not come with customer support. This is the most bizarre platform in the market. Customer support is an essential service, and no one should not beg for it. You should be able to contact a company handling your funds at any time.
Furthermore, the trading conditions are not the best. The leverage goes all the way up to 1:300. This is a dangerous leverage level. It turns trading into gambling. That is why the UK caps leverage at 1:50 for retail traders.
Additionally, the spreads increase as you go up the trading accounts. This is the opposite of what you find on legitimate platforms. The more you invest, the tighter the spreads should be.
Swissqb247 Regulation Status
Any company that seeks to provide investment services to the public requires a regulatory license. Financial regulators are there to protect investors from fraudulent operations. They ensure that companies have the right set up to protect client funds.
Unfortunately, this company does not have a license. There is no regulatory body overseeing its operations. Even worse, this website falls on CONSOB’s warning list. This means that it is an illegal operation. The founders are running an illegal operation, and they know it.
You should never invest in unregulated companies. That always ends in a bad way. Such companies exit the market when the public catches up to their fraudulent operations. When that happens, they do not return investors’ funds. They just disappear with it. You do not want to be a customer when that happens. You will have no one to turn to.
The People Behind Swissqb247
It is always essential to know the people behind a company you are investing in. It gives you an idea of what to expect from the company. Furthermore, it shows that the company values transparency. Unfortunately, this company does not value that. There is no introduction of the founders anywhere on the website.
There are no names nor faces to associate with the platform. Additionally, this company does not have a social media presence. It seems that these people do not know what to be in the public eye. Such individuals are hiding for a reason. They are running an illegal operation, and they know it.
Furthermore, it is impossible to track these people down. They do not give us an address for their headquarters. It would be impossible to track them down. You should not trust mysterious people with your money. Dealing with strangers is how people lose money online.
According to swissqb247.com, this company has been around since 2010. Well, this is another lie. Whois.com records reveal that the website came online on the 27th of November, 2020. We do not know who this company is trying to fool. This is public information that anyone can confirm.
The only reason they would lie is to put on a professional look. Otherwise, they have to tell us where they have been for the last ten years. Moreover, we can see that the life expectancy for this website is only one year. This is very common in scam operations. They take out short registrations and exit the market as soon as the licenses expire.
Are Your Funds Safe With Swissqb247?
No, your funds are not safe with this company. First, this is an unregulated firm. No unregulated company can assure you of your funds’ safety. No regulator is keeping them in check. As such, there is no way to verify that they have the proper banking setup. That includes having segregated accounts in Tier-1 banks. Additionally, it includes having enough liquidity to protect investors.
Further, this company does not mention systems’ security. Therefore, your money may be at stake. Hackers can easily access and steal your funds. Additionally, they can steal your personally identifiable data.
In any case, these are anonymous people with no actual address. If the hackers do not steal your funds, they will. There are just too many ways to lose your funds with this company. Do not risk it.
Evidently, this is an illegal operation. The company does not have a license from a regulator. The founders are providing financial services with no one overseeing their activities. Naturally, they are now on a regulator’s warning list. Investing in such a company is a disaster waiting to happen.
Additionally, the founders of this platform are hiding from the public. They know their business is illegal, and they do not want to face the law. Further, they plan to exit the market only after one year. These are not the people you want to trust with your money.
Luckily, legitimately regulated forex brokers care about customer satisfaction. They will provide you with professional services without compromise. You will never regret investing in such companies.
Does Swissqb247 have a License?
No, Unfortunately this is an offshore venture
Is the customer Support of Swissqb247 Sound
No. The characteristics displayed by this offshore entity make us doubt the quality of their services.
Are fund safe at Swissqb247
Your money is not safe. The illegitimate broker does not segregate funds.
Can I issue a chargeback with Swissqb247
No. They only accept crypto payments making it hard to trace them or get your money back.