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Scam Reports and Alerts

SwissIAM – A Cautionary Tale of Loss and Deception

Admin
Keymaster

    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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