Welcome to our SwissIAM page. Our goal is to support individuals who have fallen victim to scams perpetrated by SwissIAM. We are here to offer assistance to those in need.
Did SwissIAM scam you? Please comment below and share your story with us!
On November 23, 2022, we received the following complaint from a person who reported losing $6602:
The SwissIAM broker pushed me to invest, but they prevented me from withdrawing my money. SwissIAM.com has scammed me.
What other evidence do we have that SwissIAM.com was a scam?
The domain SwissIAM.com is no longer online.
SwissIAM.com was registered through GoDaddy.com on May 27, 2022. It was updated on July 7, 2023, and is set to expire on May 27, 2024. The domain is protected by a privacy service provided by Domains By Proxy, so we do not know who registered the domain.
Even though the domain is not online, it is still hosted, as a parked domain, by ParkLogic.
SimilarWeb ranks it 20,979,482 globally and 236,019 in Serbia.
The SEMrush Authority Score is 2, with 171 backlinks from 30 referring domains, including sitejabber.com, techbullion.com, and wikifx.com.
Currently, on Google, the only page that is still indexed is titled CRM: thePlatform. The address was crm.swissiam.com/deposits. The description is “comment volume_up settings_brightness settings notifications exit_to_app input. Leads Upload. Margin Call. Support Message. Transaction.”
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According to the Google cache, this leads to a Sign In page.
They also had a cfd.swissiam.com subdomain, a /reviews/ page, an /about-us/ page, etc.
On the Wayback Machine, SwissIAM’s Captured Period is 2 Mar 2001 – 2 Apr 2023, suggesting the domain had at least one previous owner.
According to a Wayback Machine screenshot from October 6, 2022, here are some key features of the platform:
Opportunity to trade on more than 1200 instruments, including:
- FOREX: The largest and most liquid market in the world.
- COMMODITIES: Including energies and metals.
- INDICES: Performance of stocks reflecting a country’s economy.
- STOCKS: Performance of some of the world’s largest companies.
- Preparing trading deals for maximum profit with minimized risk.
- Training on how to use trading tools.
- Secure and globally recognized trading platform.
Pro Trader Program: Allows traders to trade from any location. The network spans more than 20 countries and is growing. They are recruiting prop traders to trade using the firm’s capital.
- Phone: +41218213963
- Email: firstname.lastname@example.org
- Physical Address: Airgate Business Center, Thurgauerstrasse 40, 8050 Zürich, 9. OG Office 0835
- They also offer communication through WhatsApp and Telegram.
Company Info & Legal Notices
- The website and brand name, SwissIAM, are owned by NextGenPro Limited.
- They do not offer services to citizens and residents of certain countries, including the USA, Belgium, Turkey, Israel, Syria, Sudan, Iran, North Korea, and Japan, among others.
- NextGenPro Limited is registered at: Beachmont Business Centre, 239 Kingstown, St Vincent and the Grenadines, Registration 26398 BC 2021.
- The site serves only those above 18 years old.
- Trading on this site is considered high-risk, with the potential to lose invested money.
- They advise against trading with money one cannot afford to lose.
- Location: Switzerland
- Regulation: SwissIAM has no valid regulatory authority oversight. This is highlighted by the CH FINMA, which listed SwissIAM on its warning list on 2023-01-27.
- Broker’s Score: 1.19/10, indicating it’s perceived as dangerous.
- Company Name: SWISS International Asset Management
- Business Details: The official website of SwissIAM couldn’t be accessed. There’s limited information regarding the assets it deals with. However, there are four types of trading accounts available. The minimal deposit to open an account starts at €250, and the maximum leverage available is up to 1:300.
- Customer Support: They can be reached via online chat, phone at +41 218213963, and email at email@example.com.
- Account Types: Four main types – Lite, Plus, Elite, and Islamic. The Elite account requires the highest initial deposit of €15,000. An Islamic account can be opened with a minimum deposit of €1,250.
- Leverage: It varies based on the account type and ranges from 1:100 to 1:300. However, leverage, especially high leverage, can be risky, especially for inexperienced traders. Trading leveraged products such as forex and cryptocurrencies might not suit everyone, as they pose a high risk to one’s capital.
- User Reviews: Several user comments warn about their experiences with SwissIAM, labeling it a scam. For instance, a user named “A87658” warns others to avoid SwissIAM, mentioning a loss of €250.
- Conclusion: SwissIAM seems to be a high-risk broker without proper regulation, and the feedback from users is largely negative.
TrustScore: 2 out of 5 (2.2 rating based on 10 total reviews)
- 5-star: 10%
- 4-star: 0%
- 3-star: 0%
- 2-star: 0%
- 1-star: 90%
- ibiange (Rated 1 out of 5) – Lured into opening an account with a false “Bitcoin Profits” premise. Faced withdrawal issues and received no further explanations.
- Chet Grayson (Rated 1 out of 5) – Regretted investing money, claims every cent was stolen, and the company never responded to him.
- Janet Datar (Rated 1 out of 5) – Warns against the company, claiming it scammed her family, leading to debt for years.
- Adrian Cahill (Rated 1 out of 5) – Claims to have been scammed of £13,000 and seeks to compile a case against the company.
- Mo (Rated 1 out of 5) – Labels the company as scammers and frauds with fake names involved.
- Gone Gaming (Rated 1 out of 5) – Shares a detailed account of being scammed, including various phone numbers to watch out for. Also, notes that the original website has been removed and appears to be running under a different name.
- eric gregory (Rated 1 out of 5) – Concisely labels the company as a scam.
- The company hasn’t verified the details on Trustpilot.
- Hasn’t replied to negative reviews.
The general sentiment is that Swissiam is untrustworthy, with many customers describing fraudulent activities and scams related to investments and trading.
- Swissiam has an average rating of 3.83 stars from 24 reviews.
- Negative reviews focus on issues like lost funds, pressure to deposit more money, and unresponsiveness from Swissiam.
- Some users claim to have been scammed, mentioning instances of depositing money and then being asked to pay even more to withdraw their funds. One reviewer states that she lost all her deposited money, and Swissiam did not respond to her.
- Another reviewer warned potential customers to be wary of the company, suggesting that it intends to steal funds rather than to assist users in earning.
SwissIAM Review Conclusion
In the rapidly evolving digital age, the lure of financial prospects online has attracted countless individuals to investment platforms promising high returns. SwissIAM, as detailed above, appears to be one such platform where the narrative of promised profits was overshadowed by an alarming number of grievous accounts and accusations of scams. From the absence of proper regulatory oversight to overwhelmingly negative feedback across multiple review platforms, the red flags are evident.
The digital footprint of SwissIAM – from its domain registration details to the account types and services it offered – offers little assurance to potential investors, with ambiguity and a lack of transparency at its core. Regulatory warnings, testimonies from affected individuals, and the questionable behavior of not responding to concerns further undermine the platform’s credibility.
Potential investors need to approach online trading platforms with a degree of caution, ensuring they prioritize platforms with proven transparency, valid regulation, and a solid reputation. Equally crucial is the realization that high returns often come with high risks, especially in the trading world. As for those who believe they have been wronged by SwissIAM, sharing their experiences and seeking legal avenues remains vital to prevent others from falling into similar traps and potentially getting some form of redress.
The world of online trading is vast and varied, with both genuine opportunities and treacherous pitfalls. SwissIAM is a cautionary tale, underscoring the importance of thorough research, due diligence, and an unwavering commitment to safeguarding one’s hard-earned resources.
If you have fallen victim to online scams, please comment below. If you have suffered a substantial financial loss, do not despair. We are here to assist you in recovering your funds!
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