ScamCrypto Forum Forums Scam Reports and Alerts SwissIAM – A Cautionary Tale of Loss and Deception

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    satish
    Moderator

      Hello Community,

      We’ve opened this discussion to shed light on SwissIAM, a platform that has recently come under fire for alleged scam activities. Our aim is to gather experiences and support individuals who have fallen victim to this platform.

      SwissIAM.com Review:

      1. Domain Details:
      SwissIAM.com, no longer online, was registered via GoDaddy on May 27, 2022. The domain is protected by privacy services, obscuring the registrant’s identity.

      2. Traffic and Backlink Analysis:
      With a global rank of 20,979,482, the site had a minimal traffic footprint. It had 171 backlinks from 30 domains, indicating a low level of online engagement.

      3. Captured Web Content:
      The Wayback Machine suggests previous ownership of the domain. As of October 6, 2022, SwissIAM offered trading on various instruments and services like risk-minimized trading deals and training on trading tools.

      4. Contact and Company Information:
      SwissIAM provided contact details including phone and email. The brand, owned by NextGenPro Limited, was registered in St Vincent and the Grenadines, a location often associated with less stringent financial regulations.

      5. Regulatory Warnings:
      SwissIAM was listed on CH FINMA’s warning list on January 27, 2023, indicating no valid regulatory oversight.

      Customer Experiences and Reviews:

      1. Complaints and Losses:
      A person reported losing $6602, citing inability to withdraw funds. This complaint echoes the experiences of others who interacted with SwissIAM.

      2. Review Analysis:
      – WikiFX: Rated as dangerous with a score of 1.19/10.
      – Trustpilot: A TrustScore of 2 out of 5, with 90% of the reviews being 1-star.
      – SiteJabber: An average rating of 3.83 stars, but with negative reviews highlighting issues like lost funds and unresponsiveness.

      3. Customer Testimonies:
      Several customers shared harrowing experiences of lost funds, pressure tactics, and unresponsiveness, painting a picture of a platform engaged in dubious practices.

      Conclusion:
      SwissIAM’s story is a stark reminder of the risks inherent in the digital trading space. The absence of proper regulation, coupled with negative customer feedback, positions SwissIAM as a likely fraudulent entity.

      Feel free to share your experiences or thoughts about SwissIAM. Your input could be invaluable to someone else in our community.

      Warm regards,
      Sathish M

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