1Swiss has portrayed itself as be modern online trading platform available to the public with many investment options. This platform has raised some significant red flags, to say the least, and raises suspicions that the practices performed by 1Swiss are questionable. 1Swiss is not regulated by any official entity or financial authority. Furthermore, both FINMA (Switzerland) and the FSMA (Belgium) issued warnings about this platform. To top it off, the official website of 1Swiss is irregular and not functioning, which leaves clients in the dark.
Is 1Swiss a Legitimate Broker?
Is 1Swiss regulated by any financial authority?
No. 1Swiss is not regulated by a recognized financial regulator. 1Swiss does not appear on the FINMA – the Swiss Financial Market Supervisory Authority – list of licensed entities. The company appears on FINMA’s warning list, which denotes that it is in clear violation and is providing unauthorized financial services.
Has any other financial watchdog issued a warning?
Yes. The FSMA (Financial Services and Markets Authority) of Belgium has also issued a public warning against 1Swiss, stating that 1Swiss is unregulated and may engage in duplicitous practices.
What Are the Common Complaints Against 1Swiss?
What issues have users reported?
Users have stated:
- Not able to withdraw funds
- Fake tax requests before releasing funds
- Customer service does not respond
- The website downtime or completely offline.
What Does the Website Status Indicate?
Is the 1Swiss.com website active?
No, currently the 1Swiss.com website is down, which only adds to the suspicions of it being an exit scam. A legitimate broker does not just suddenly disappear.
What Should Victims Do Now?
Can funds be recovered?
If you lost money with 1Swiss.com, do not lose hope. There are actions you can take; you just need to organize your documentation and report the matter to regulators or recovery services.
Think You’ve Been Tricked by 1Swiss?
Visit LegalCertifi.com and file a complaint with the details, and review your recovery options.
We help victims assess their cases and advise them on what can be done moving forward.
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