SwisTrust Website – https://swistrust.com/
SwisTrust Address – First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, Saint Vincent and the Grenadines
Warnings Against SwisTrust – British Columbia Securities Commission (British Columbia)
We investigate SwisTrust and its website. We do not recommend any trader/public to do any commerce with them. The reason, we hereby publish the SwisTrust review.
The parent entity is Axent Tech LLC. The company Swistrust.com was founded in Aug. 2021 (a year old company). Their address is 1st flr, James Street, St Vincent Bank Ltd Building, Kingstown, St Vincent and the Grenadines (SVG). There are many companies located at this address. Phone numbers provided are +443300016642 and +16135152036. Email is email@example.com. You can also contact them through an online form at their site. The address of the parent company Axent Tech LLC is also the same. Axent Tech LLC is registered as a technology company in the Middle East, Dubai. They do not have any legitimate license to provide any type of financial services that includes forex trading. A typical scam company.
Awards and recognition
The awards displayed on its website by the broker are fake. As for some awards the company does not say who awarded them. One of the awards the company says they got the award from INTLBM. It stands for International Business Magazine awards. On checking the site of INTLBM there is no mention of SwisTrust. In other words, this broker has not received any award or anything from this group.
Of the five awards, it displays three awards they have received between 2019 and 2020. But the company domain was registered on Aug. 2021. It is anashamed display of fake awards.
Three account types are on offer. Silver, Gold, and Platinum. The minimum deposit for any of the account types is not mentioned. Leverages are 200:1, 300:1, and 400:1 for silver, gold, and platinum account respectively. There is also an Islamic account where traders cannot send or accept swaps due to religious beliefs. Swap-free accounts do not earn or pay interest or swaps on any trades.
Opening an account
While opening an account the company needs a valid copy of the passport/driving license/ ID card. They also want copies of credit cards (both sides). A copy of the recent utility bill that is in your name and with your address. Deposits are accepted via Swift, bank transfer, debit/credit card, or any other electronic money transfer method.
SwisTrust offers WebTrader as a trading platform. The platform also does not look genuine. The company is using false and untrue reviews to promote its shady and illegal business. Even though they are offering a WebTrader platform most of the content on the site is on MT4/MT5 platform. The trading platform that the company offers is web-based. The interface does not have several advantages compared to the MetaTrader trading platform.
Risk of online trading with SwisTrust
Investors have to constantly keep an eye on the movement or course of prices. There are many fraudulent trading portals (one such is SwisTrust) that have led to enormous loss of money in a short time. Online trading is hasty compared to traditional trading. Online trading is better for the experienced trader because they follow resilient strategies. Your one small wrong decision can cost you dearly.
Why not deal with SwisTrust?
- They are not licensed or regulated.
- They use aggressive tactics to market themselves.
- Their claims or guarantees are inflated. Not practical.
- Very high leverages.
- No transparency in their work.
- Though they are based in SVG but are providing contact numbers of the UK.
- Conditions are such, that you cannot withdraw any money from them.
- If you pressurize too much for your money, they freeze/suspend your account and discontinue communicating with you.
- There is an official warning from many regulators around the world.
- Many negative customer reviews on the internet.
- Many companies mention the same address at the address provided by SwisTrust.
How can Lucenteq help you?
No sooner do you realize that you have been a fraud victim than stop further payments immediately. All those additional payments like taxes, duties, extra charges to compensate for losses. You should try to recover your lost capital and you can contact us to help you out.
In case you are the victim of a SwisTrust scam or by any other broker, do contact Lucenteq. We help you recover your funds lost to scam. For any queries, you can email us at support@Lucenteq.net or contact us at 192 N Cities Service Hwy APT 6, Sulphur, LA 70663, or call us at +1 601 952 8830. You can also file a quick complaint and send us.
We help scam victims and help others not to fall into the trap, by publishing regularly updated scam reviews.