Check out our Swiss-FX review to find out why we would not suggest this brokerage for trades. In order to clarify your doubts, this review is an swiss-fx.net review.
They are who they are.
When you look over their website, you will see that they are not under any regulatory agency. This is an MAJOR red flag! This should be enough to convince you to avoid investing with these companies. They also collaborate with sites that provide “Automated Trading Software” which is a warning sign, since these kind of site is known for their scams.
It is an Forex broker that isn’t regulated that means that the clients aren’t protected, and it is very likely they’ll get away with your hard-earned money, and there is no regulatory agency that can ensure that they are accountable.
What is the process?
Most unregulated forex brokers operate in the following manner. They’ll call customers in order to convince them to deposit the initial deposit of minimum amount and will try every possible way to get it done. They’ll make promises that seem too promising to be true for example, we’ll increase your deposit by a third or make you $100 per day with ease. Beware of what they promise! It’s an SCAM! After an initial payment, customers are referred to a better fraudster, known as”retention agent “retention agent” who will attempt to extract more money of you.
Funds to withdraw
It is essential to make an application for withdrawal ASAP since your money is not safe in a broker that isn’t regulated. This is where things can get a little complicated.
If you wish to withdraw your cash and it doesn’t matter whether you’re making money or not, they’ll hold off withdrawing your money for a period of time. If they hold it off for six months, you will not be able to submit chargebacks anymore, and your funds will be gone for good. It doesn’t matter how frequently you call them to remind them or demand that they withdraw your funds, you will never get it back. And if you’ve agreed to sign an agreement known as the Managed Account Agreement or MAA which basically allows the bank to do whatever they like with your account, they’ll be able to take all your money and there will be nothing to do.
How do you return your money?
If you have already made a deposit of your money at them and they won’t give you the money to you, as is likely to occur, don’t panic there could be one of the ways to recover your money.
The first thing you must do is to save the emails as proof that you’ve been asking for the refund from them but they do not give it to you, or hold up the process for too long with the intention of not refunded the money.
One of the first things you must do is conduct an immediate chargeback! You should complete this as soon as possible! Contact your credit or bank provider and explain why you were cheated into making deposits to a company trading which is not regulated, and refuses to pay you your funds back. This is the most straightforward method to get your money back and also the one that they suffer the most. Since if there’s a large number of chargebacks, it could end their relationship with the service providers for payment. If you’ve never done this before or aren’t sure where to begin or how to make your case known to your credit card or bank company, we are able to assist with the process of preparing your chargeback application. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What are the wires?
If you have sent them an electronic wire, there’s no way to conduct the chargeback process on wires. In this case, you have raise the issue to a new stage. Let them know that you’ll take the matter to the authorities and lodge a complaint. It will cause them to think twice about the possibility of a refund. Another option is to write an email to the regulating agencies. Based on the country in which you reside, use Google to find the regulatory agency that regulates Forex brokers in the country you live in. You can then write an email or a letter detailing the way you were deceived by them. You must send this letter or email to them and inform them that you’ll submit it to the agency that regulates you should they refuse to reimburse your money. If you do not know where to start, reach for us at ne[email protected] and we will help you with this step as well.
Review Swiss-FX on other sites. on Swiss-FX on other websites.
Another way to harm them and prevent others from being victims is to write negative reviews on other sites and write down the details of what happened. If you’ve been a victim, please write a review and leave an entry on this website in the comments section. Additionally, when these individuals modify their websites, they are more likely to contact their old customers so if they contact you on a different website, make sure you note it in the comment section or inform us by emailing us. It would be appreciated by families and friends around the world. If you receive phone calls from different companies, you can include the name of the company in the comment section or send the information to us. We will also expose them.
Swiss-FX Review Conclusions
The Swiss-FX review process is a joy for us and we are hoping to spare as many people as we can from losing their hard-earned money. The best advice is to thoroughly review every one of the Forex firms, or any other business in general, prior to you sign any contract. Our hope is that this review of Swiss-FX was helpful to you. Should you need to ask any concerns or need assistance regarding the withdrawal process,