SwissInvestment (Swissinvestment.io) is a repeat platform that used to go by the name Swiss Investment FX. Both platforms are taking advantage of naïve investors. Swiss Investment is not your average cup of tea. Once you deposit funds with the platform, it’s the last you will hear from them. For the past few weeks, the majority of members haven’t been withdrawing funds. Get to learn more in our clear SWISSINVESTMENT REVIEW.
On the company profile page, there’s nothing to write home about. The platform does not list its goals or mission. We don’t have their background or history, which says they are far from professional entities.
When you land at the homepage, it sure does look like a legit investment platform. You get icons from Google and other leading brands. And this suggests the platform offers stocks from leading international companies.
SwissInvestment claims to bring opportunities to your table. You have the option of making smart decisions by using their platform. But, unfortunately, that’s their sales tag that drives several naïve investors into depositing.
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With a blue and white color theme, the platform is aesthetically appealing. What most investors don’t bother to check is the platform’s reputation. It would be best if you did due diligence before signing up with any investment platform.
Make sure to check what others are saying about the particular platform. For instance, Swissinvestment.io has several negative reviews. And this points to the negative experience investors are facing.
SwissInvestment offers investors three trading accounts. The three include Individual, Gr-Trader, and Business. Our first red flag to spot was the high leverage set at 1:200 as minimum and 1:400 as maximum.
Here’s a closer look at each of the three accounts
Individual
You have to deposit 250 Euros or equivalent to start using the basic account. The platform uses the acceptable minimum account deposit allowed by regulators. With this account, you get fewer features such as instant trading and support via email/telephone.
Gr-Trader
It’s the second account, and investors have to deposit 2,500 Euros to start trading. The leverage set for this account is 1:300. There are no commissions on this account, with spreads set at 0.5 pips.
Business
The business account is the most executive account with investors depositing 25,000 Euros. It comes with all account features available on the above accounts. The maximum leverage is 1:400. Spreads are set at 1.3 pips.
Being an affiliate partner means making passive income as their agent. You will earn money when you direct members to sign up. Or that’s what Swiss Investment leads users to believe. From one comment we saw, the platform does not release payments for affiliate members.
You will also end up losing your reputation as victims will lay the blame on you. Your actions are what led them to sign up. It’s not ideal for losing your friendship over an already tarnished platform.
There are four main assets available on the platform. These assets include commodities, crypto, forex, indices, and shares. Available commodities include agriculture, energies, and metals. There are zero commissions on commodity trading.
Crypto assets include Bitcoin, Dogecoin, Ethereum, Litecoin, and Ripple. The platform pairs these coins with leading major currencies. Members get access to over 2,000 digital currencies. When it comes to forex trading, now this is where things get practical.
The forex market is one of the best markets to invest in. Swiss Investment claims to offer exotic, major, and minor pairs. You also get to trade leading shares from the FAANG group and indices from leading markets.
Here’s where the platform loses points as they offer a custom-built trading terminal. The problem with such platforms is the lack of testing from experts. You don’t know the issues that come with the platform unless you sign up.
We recommend using world-class trading terminals that offer investors a huge advantage. These include MT4, MT5, and SIRIX. You get to have advanced tools, live market alerts, and easy to use interface.
There’s a 30 percent welcome bonus available on the platform. The bonus might seem enticing to you, but it comes with a heavy price. Members must pay back the bonus for withdrawal to take place.
And this is the reason most regulators are against platforms offering bonuses. A bonus is a gift, and no one should have to pay a dime for it. The platform is taking your account for random unless you pay back the full bonus.
We don’t know who owns or runs the platform, which makes it totally anonymous. Despite having a Swiss name, the Swiss Company register doesn’t have such an entity. We believe these are offshore brokers trying to take advantage of naïve European investors.
Even the disclaimer at the footer of their homepage does not have any company registration details. We don’t have a single mention of anyone working on the platform. So it would be best if you were careful with whom you invest your funds.
One feature that you should check is how fast the platform communicates with members. Without proper communication channels, the platform won’t help mitigate issues. For instance, we don’t have live chat support.
On the contact page, you only have an email address with no phone number. The platform is notorious for failing to respond to emails. Make sure you sign up with a platform that offers direct access to support.
You can only deposit funds via bank and wire transfer. Despite offering crypto trading, there’s no way to deposit crypto. Instead, members receive an email with account details with were to transfer funds.
Once you make the transfer, the balance will reflect in your account within 24 hours. In some instances, the platform may deny receiving such funds. Other times, the platform acknowledges receipt and moves forward.
You can begin to trade and see the results for yourself. Your account balance will increase if you make successful trades. When the time comes to withdraw, SwissInvestment will show its true colors.
And this is where a majority of members get stuck. You don’t get to withdraw funds as the platform bails out. Attempts to reach out have fallen on deaf ears. Some members have lost hope and decided to write to regulators.
SwissInvestment is not a licensed or registered entity. Therefore, the platform does not hold any Swiss registration records. However, if the platform has a valid license, we would see copies posted on the platform.
Without any compliance, it means the platform is free to operate freely. And this puts your funds at risk. So make sure to sign up with platforms regulated by ASIC, CySEC, and the FCA. Other reputable regulators include BaFIN, CNMV, CONSOB, NFA, and the SEC.
Your funds are far from safe with a platform that fails to offer insurance cover. There’s no insurance cover for deposits made by investors. Swissinvestment.io is a high-risk forex investment platform to avoid.
When selecting an appropriate investment platform, go for expert-backed options. Your safety is a guarantee with tested platforms.
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