Swiffbit Review 2023

Swiffbit Review 2023 – Get Help if you are a victim of Swiffbit Scam

About Swiffbit

 Website – http://www.swiffbit.com/

 Address – 237 W 35th St Suite 602 -5th Floor, New York, NY 10123

 Warned By – Financial Conduct Authority (United Kingdom)

Domain Age Information of Swiffbit

Swiffbit scam refers to a fraudulent scheme that emerged in the financial industry, targeting unsuspecting individuals and businesses. The scam operated under the guise of a legitimate investment platform, promising high returns and quick profits. Swiffbit claimed to specialize in cryptocurrency trading and boasted advanced algorithms that would generate substantial gains for its investors. However, it soon became apparent that Swiffbit was nothing more than an elaborate scam. Investors who entrusted their funds to the platform quickly discovered that their money had vanished, and all attempts to contact Swiffbit’s operators proved futile. Investigations revealed that the company was a front, with its founders and key personnel disappearing overnight.

The main reason why Swiffbit is a possible scam broker is that the broker has got many Complaints and negative Swiffbit reviews and other possible scam features can also be the reason. Your funds may not be safe if you are trading with this broker.

Regulation

The swiffbit.com website appears legitimate at first look, but closer study shows a major red flag. It is unknown who is behind the Swiffbit. Neither website nor the Terms and Conditions refer to a specific legal organization by name. This is simply unacceptable for any reputable firm, let alone one that provides financial services.

As a result, whoever owns the Swiffbit is not licensed as a broker, and their actions are not regulated. You should only trust respectable brokers from in well-established financial centres such as the United Kingdom, the European Union, the United States, or Australia.

Brokers’ actions are regulated by major regulatory authorities such as the Financial Conduct Authority (FCA) in the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC), the Commodity Futures Trading Commission (CFTC) in the United States, and the Australian Securities and Exchange Commission (ASIC).

We also reviewed comparative-looking broker sites in our scam brokers 2023 list, the vast majority of them are unlicensed and obscure.

Swiffbit possible scam activities

It can be challenging to identify trading scams, such as Forex, Binary Options, and Cryptocurrency. However, there are some indicators to look out for.

Here are some of the very possible reasons why we have flagged this broker as a scam broker in this Swiffbit review.

• The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders.
• The broker makes continuous calls to the traders and urges them to invest higher and higher amounts.
• The broker may have made a number of false claims through its website.
• The broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes the name and website URL without any notice to existing traders.
• The broker may be located in the countries or small islands where there is no proper regulation and registering a company is very easy. Usually, these countries are havens for scam brokers.
• This broker provides you good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals, and ultimately you are not able to make a withdrawal.

Swiffbit has got many negative reviews and traders who traded with this broker have raised many complaints against it. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed this broker in the list of scam brokers 2023.

Example of Negative Swiffbit Review

After Searching internet you will find many negative swiffbit.com Reviews. Users have frustrations and feel cheated after trading with this broker. ReportScam does not recommend traders to trade with this broker and your funds may not be safe with this broker and Swiffbit reviews are negative.