How to recover your investment from Swissinv24 – Scam Broker Review
Be on the Lookout; Swissinv24 is an offshore broker; Your investment is at risk. Read this review you want to recover your investment from Swissinv24.
Is Swissinv24 a legit broker and how to recover your investment?
Swissinv24 is an unregulated offshore broker that offers services such as forex, CFD and binary options trading. The broker is registered in a fiscal haven that lacks the intervention of any investment regulatory process. This means that taking legal action against this forex broker is next to impossible. Read this review to recover your investment from Swissinv24.
Swissinv24 broker relies on a number of tricks to reach to their prospects and make them believe that the money they are investing with them is in safe hands and will generate humongous returns. Such tricks include the use of the state of the art websites and apps, with all sorts of attractive trading conditions followed by well-spoken staff and very efficient customer support after signup. This is all smoke and mirrors.
As far as this kind of scheme goes, the Swissinv24 staff could very well be operating as part of a network of anonymous call centers in undisclosed locations. They could outright lie to you about their location and even their names. In typical investments scams, the staff uses stage names when communicating with the clients to add a layer of anonymity. Using excellent sales skills paired with manipulative psychology techniques, the staff involved in these sophisticated scams will prompt the victims to invest always more money, often beyond what they had planned in an attempt to avoid losing it all. This type of scam is now widespread and used to defraud unsuspecting victims billions of dollars annually.
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Swissinv24 broker Reviews
A look into Swissinv24 Reviews on various internet forums will reveal that Swissinv24 clients have had issues withdrawing their investments and/ or profits. Though the reviews regarding Swissinv24 have been drawn from various sources, it reveals a similar challenge. Swissinv24 entices clients into this scam through interesting profits posted to their clients’ trading accounts.
The company even goes to the extent of transferring some of the money back to the clients. Once the clients’ trust is gained, they are prompted to invest more money for much better returns. Once the client has transferred the money, the problems begin.
Swissinv24 broker will then manipulate the trading platform to create scenarios jeopardizing the clients’ investments. The clients are then prompted by Swissinv24 Financial Analysts to transfer more money into their accounts to reduce the losses they are facing, often to avoid losing their investments altogether. Immediately after they do this, withdrawing the funds becomes an issue.
How To Recover Your Investment From Swissinv24 Broker?
There is no easy way to recover your investment once you have sent it to Swissinv24. Swissinv24 is structured in such a way that it makes it hard to pinpoint the scam to specific individuals and prove any wrongdoing. Swissinv24 constitutes a brokers brand that is managed by a chain of shell companies registered in fiscal havens. Building a legal case against the broker would require one to utilize the services of a private investigator to track the money trails and trace it to individuals who could testify of the fraudulent practices of the broker. This does not even factor in the huge legal costs that would be required to institute a civil action in such offshore locations. Such prohibitive costs make it hard for customers of Swissinv24 to take any action.
However, hope is not lost. There are other means through which investors can recover their funds from Swissinv24, without going the civil action route. A number of Swissinv24 victims have managed to recover their investment by maneuvering the banking legal system. While this method might be unknown to many people, it is possible for an individual to get his or her bank to reverse credit card charges and bank wire transactions in his or her favor. While this is possible, the route has a lot of rules and regulations around such a procedure and it would be wise to hire an expert if you want to recover your money from Swissinv24 broker.
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More reasons why you shouldn’t trust Swissinv24
Swissinv24 is a unregulated forex and CFD broker, owned by an offshore company, but operated form Bulgaria. And because we have some very serious suspicions about the legitimacy of the broker, be sure to read this review, if you are planing to open an account with them.
Swissinv24 is owned and operated by Swissinv24 Ltd, which is registered on the Marshall Islands. However, the broker provides a contact address in Bulgaria, form where its operations are probably run. In any case Swissinv24 is not regulated by any official financial authority and does not have legal right to offer its services on regulated markets like the European Union, the UK, USA, Australia or Japan.
Trading with unregulated brokers has always being associated with an unacceptably high risk of loosing your money to scammers.
Brokers, properly licensed by an official regulator such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC) on the other hand do guarantee the safety of traders money, because they are subject to strict regulations, among which to maintain a certain minimum operational capital, to keep all clients finds in a segregated, trust account, to file regular reports, to allow external audits, to give traders a negative balance protection and in some cases even to insure traders funds.
Thus for example, if you trade with a broker regulated in EU, let say by CySEC in Cyprus, your funds will be insured up to 20 000 EUR, while if you trade with a FCA broker your insurance policy will cover 50 000 GBP
Trading with unregulated brokers like Swissinv24 has always been risky as they are not accountable for the way they handle your money. On top of that quite often unregulated, offshore brokers offer trading bonuses, which are always linked to some special withdraw conditions that are usually used as a pretext to cancel your withdraw request. Besides the practice of offering trading bonuses is prohibited on regulated markets like the EU.
Swiss Financial Market Supervisory Authority (FINMA) warns against Swissinv24!
Company: Swissinv24 Ltd
Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH 96960