Instead of really striving to empower and educate their clientele on the road to success, the MetaSwissX scam only exploits their lack of experience in Forex trading.
Presenting themselves as a team of crypto professionals and knowledgeable trading veterans, the greedy gang behind the site is something quite different in reality. Read more about staying protected and recovering lost funds in our MetaSwissX review.
| Regulated by: | Unregulated Broker |
| Is This Company Safe? | No, this company is flagged as a scam, so better stay away! |
| Known Websites: | metaswissx.org |
| Have Warnings from: | FSMA |
| Registered in: | UK (alleged) |
| Operating since: | 2023 |
| Trading Platforms: | Web Trader |
| Maximum Leverage: | 1:500 |
| Minimum Deposit: | €250 |
| Deposit Bonus: | Up to 150% |
| Trading Assets: | Crypto, Forex, Futures, Stock CFDs, Commodities, Indices |
| Free Demo Account: | Not available |
| How to Withdraw from This Company? | This firm is known for denying all withdrawal attempts. Contact our recovery experts for advice. |
FSMA Sees Through Their Lies
It’s easy to simply throw around untruthful statements about one’s own legal background. The MetaSwissX broker wannabe claims to be headquartered in the UK in order to fool their potential victims. However, after looking through FCA’s register of regulated brokerage firms, no matching results came up.
However, we didn’t end our investigation there, despite the situation being almost obvious. We went on looking through other databases of reputable financial authorities and actually found a warning issued against this firm by FSMA.
The tendency to come off as someone they’re not is also apparent in the case of Fred Trading, a multinational fraudulent campaign aiming to rob investors from all corners of the world.
Fraudulent Scheme Uncovered
Not a lot of information is available about the metaswissx.org domain. This is mostly because the site is quite young, only launched in October 2023.
The majority of traffic is generated from these nations:
- Switzerland
- Italy
- Austria
- Germany
- France
All these con schemes function by using similar methods. The most usual one is employing boiler room agents to find new targets.
Although these agents work mostly by phone or online chat messages, fraudulent firms usually set up some sort of foundation on social networks first. With this one, we were able to find profiles on CrunchBase and Medium.
Faking Reputation Is Hard Work
The meddling of review seller networks is quite present in this case. Not only do they post fake comments on different ratings sites, there are full blown misleading reviews on different portals, like YouTube for instance.
The TrustPilot online ratings platform has by far the largest number of MetaSwissX reviews. Around 75% of users gave the firm a 1-star review, for an average score of 2.9.
Don’t ignore the red flags! Contact our experts today to start fighting back for your money!
What Trading Terms Tell Us
Another confirmation of the fact that this company could never be regulated by FCA is the leverage they offer. With the maximum ratio of 1:500, these cons easily steal entire life-savings from unwary investors. In addition, other costs are left out of our sight.
That means you can always expect additional charges. Moreover, fraudsters often also ask for unexplained fees to be paid upfront, as another of their money-stealing tactics.
Bonuses Aren’t Free Cash!
Depending on the account type you choose, you could unlock a bonus of up to 150% of the initial deposit. This is simply ludicrous, as the swindlers describe these incentives as withdrawable cash. These virtual sums are actually used in order for the trading volume requirements to be imposed as a later excuse for denying payouts.
Disastrously Bad Tools Provided
Besides the heavily manipulated and unreliable web trader, the limited access to trading instruments and questionable security, the cons have provided nothing of worth. Above all, they even have the guts to put insane price tags on their packages! Read all about it in the remainder of our review.
Web Trading – Is it Reliable?
While being extremely convenient and comprehensive, the MetaSwissX WebTrader isn’t the safest technological solution for online trading. That is so namely because fraudulent sites such as 24k Markets tend to alter the data shown in order to push clients into more investments.
There’s also an option to download the alleged proprietary MetaSwissX app, but it’s offered by an untrustworthy service provider. The file may be corrupted and infect your machine so please refrain from doing that.
Trading Products
The MetaSwissX crypto trading seemingly takes the central place of all trading activities. As many other cyber thieves, this one also has a preference towards digital currencies. Some general asset groups listed on the site are the following:
- Crypto – BTC, ETH, LTC
- Forex – EUR/USD, USD/CAD, USD/AUD
- Futures – Crude Oil, Precious Metals, Stocks
- Stock CFDs – Alibaba, Facebook, Siemens
- Commodities – Livestock, Natural Gas, Cotton
- Indices – EU50, HK50, S&P500
Too Big Price For Nothing Useful
After signing up and creating your MetaSwissX login, you can choose to purchase one of the following packages:
- Basic – €250
- Silver – €10.001
- Gold – €20.001
- Platinum – €100.001
- VIP – €200.001
- Diamond – €500.000+ (invite only)
As obvious, the deposit requirements are absurd and beyond rational, especially considering that no features, tools or any particular options are included. Leverage and bonus increases with the deposit amount, but in essence, that is the entire difference between bundles!
All Withdrawals Get Denied!
Here’s a list of allegedly available payment channels:
- Bank Wire
- Credit Cards
- BTC and ETH
Considering that the website features no MetaSwissX withdrawal policy, we could not confirm or deny the statements about no withdrawal fees and short processing time. Judging from the FSMA report, we can only expect that payout requests immediately get denied or simply ignored, as the schemers just want to extort more money through advance fees.
Emails Left Unanswered
Email is the only way of communicating with the MetaSwissX Forex broker’s support office. However, having in mind that this is no genuine service provider with strong licenses, it’s no wonder the customer service doesn’t respond. There’s only an illusion of diligent client service.
Scammers Got You? Recover Your Money!
This is a fraudulent group that introduces themselves as an online brokerage to attract potential victims. Their website is just a front for a scam operation, with all of the company credentials being a complete fabrication.
Your funds are not safe with this company! Recovery of your funds is possible with the help of our experts, so don’t delay, and book a free consultation. You may reach us 24/7 via the live chat.
FAQ Section
What is MetaSwissX?
The alleged broker is an actually blacklisted sham, which claims to be headquartered in London.
Is MetaSwissX Legit?
No, despite their claims about being a leader in crypto and FX trading, this online trading portal is just a farce.
How to Get Money Back From a Financial Fraud?
In order to have your stolen deposits back, you get professional help from our chargeback team. Get in touch with our chat agents and book your free zoom consultation.
Source:
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