This post on the blog will present an in-depth SwissCoinCo review, providing information on the platform’s problematic activities as well as financial regulators’ warnings. By the end, you’ll see why SwissCoinCo is a broker that traders should avoid.
SwissCoinCo Website – https://swisscoinco.com/
Address – Euro House, Richmond Hill Road Kingstown PO BOX 2897, VC0100 Kingstown St. Vincent and the Grenadines
Warning – British Columbia Securities Commission (British Columbia), Financial Services and Markets Authority (Belgium)
Domain Age –
Domain Name: SWISSCOINCO.COM
Registry Domain ID: 2823219044_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.namesilo.com
Registrar URL: http://www.namesilo.com
Updated Date: 2024-04-23T07:21:01Z
Creation Date: 2023-10-20T10:22:11Z
Registry Expiry Date: 2025-10-20T10:22:11Z
What is SwissCoinCo (https://swisscoinco.com/)?
SwissCoinCo, which operates through the website https://swisscoinco.com, advertises itself as a sophisticated and dependable platform for trading cryptocurrencies and other financial assets. The broker claims to deliver a user-friendly interface, strong liquidity, and a diverse set of trading instruments. However, several red signs have sparked significant anxiety among business professionals and traders equally.
SwissCoinCo Broker is Warned by BCSC and FSMA
The BCSC, Canada’s well-respected financial regulator, issued a public warning against SwissCoinCo, informing potential investors that the broker is not registered to deal or advise on securities or exchange contracts in British Columbia. This lack of registration indicates that SwissCoinCo operates outside of the legal structures intended to protect traders, making any investments through this platform extremely risky.
Similarly, the FSMA, Belgium’s financial regulatory authority, has issued a warning to SwissCoinCo. The FSMA’s notification highlights that SwissCoinCo has been operating without the requisite authorization and advises investors to exercise caution. These warnings from two credible regulatory authorities should not be taken lightly, since they raise major questions about the platform’s legality and safety.
SwissCoinCo Broker Fraudulent Activities
SwissCoinCo is recognized for using aggressive marketing practices, including unwanted calls and emails, to coerce customers into opening accounts. After making a deposit, traders often find it difficult, if not impossible, to withdraw their funds. Many victims allege that their accounts were unexpectedly stopped, or that their withdrawal requests were disregarded, resulting in considerable financial losses.
Fake testimonials and false information are another prevalent approach utilized by SwissCoinCo. The broker’s website contains numerous fake success stories and exaggerated claims regarding possible rewards. These fake stories are intended to instill a sense of urgency and trust in traders, assuring them that SwissCoinCo is a reputable and successful platform.
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