Service Analysis
Cyberswop claims that it bases its partnership on three main principles: “Substantively, Flexibly, Trustingly.” However, traders note in their reviews that the organization only scatters empty promises, aiming to attract as much money as possible from newcomers, while not fulfilling its obligations. In our independent review, we will reveal the reasons why traders do not trust Cyberswop and express reservations towards it.
Activity Statistics
It is announced that Cyberswop does not disclose information about its market experience, but it presents analytics for the day:
- 1883 orders,
- 1506 successful deals,
- $26330 paid as profit.
We have established that the company is clearly engaged in deceit after verifying the registration date of the domain cyberswop.com. The site was launched in October 2022, and reviews about the company began to appear in the Russian segment of the Internet at the same time. Interestingly, reviews are only found on Russian-language resources, while on foreign forums, this broker is unknown.
Localization and Personal Data
Despite claims of a Swedish base, the Cyberswop website is presented only in Russian, with no foreign language versions available. Apparently, this approach is a local project aimed exclusively at the audience from CIS countries, such as Russia, Kazakhstan, and Belarus.
The specified office address on the platform turned out to be fake. Further investigation on Google Maps revealed that the specified coordinates lead to other organizations not related to brokerage activities.
The phone number and email address are presented as a combination of numbers and letters, and the company does not assist traders in resolving their issues. Clients are left to deal with situations on their own, as reviews online confirm the ineffectiveness of support.
Legal Documents and Regulation
Cyberswop claims to have been registered in Sweden but does not provide any evidence for this, including scans of legal documents. According to traders, the company fabricated the story of a Swedish base to associate itself with reliability and stability, which is a deception.
As mentioned earlier, Cyberswop targets an audience from CIS countries. To operate legally in these countries, the company should have obtained the necessary approvals from local regulators, but it does not have such permissions. The Central Bank of the Russian Federation has blacklisted the company (updated on 12/26/2022), listing domains controlled by fraudsters — cyberswop.com, cyberswopc.com, cyberswopid.org.
Trading Terms and Conditions
The site does not contain detailed information on contracts, but the following was discovered:
- 1500 financial instruments (currencies, commodities, stocks, metals, etc.),
- no hidden fees,
- 24/7 support,
- instant transaction processing,
- online chat with analysts (for subscribers),
- trading signals,
- personal investment manager services,
- flexible leverage (conditions not specified).
According to investors, the company deliberately conceals the minimum entry amount to not deter potential clients. Users are individually pushed to deposit funds and then simulated trading operations are carried out.
Reviews and Recommendations
Cyberswop has a large number of reviews, especially in the Russian-speaking community. Studying the opinions of real clients, it is easy to understand that it is best to stay away from this company. It engages in financial fraud, attracting inexperienced users with false promises and then refusing to fulfill agreements.
What do you think about Cyberswop? If you have interesting facts about the company or personal experience of collaboration, please share them in the special form below the article.
Cyberswop Scam Methods
In reviews, many users note that they were attracted by free educational programs and promises of qualified support. For non-professionals, this matters. Indeed, in the initial stages of working with Cyberswop, useful advice is provided. Some investors even managed to earn a small amount. However, this is just part of the scheme to gain trust and lure significant funds.
The illusion of safety and profitability disappears as soon as you try to withdraw your funds. Scammers will insist on additional fees and demand payment for insurance to delay the withdrawal and extract additional profit. Even if the user pays the questionable amounts, they will not be able to withdraw the funds. The deposit account will be unilaterally blocked, and the scammers will stop responding to requests.
Considerations and Conclusion
It is recommended to avoid interacting with Cyberswop, as leaving this platform without losses is impossible. Scammers will deceive you, not allowing you to leave. Complaints to regulators are futile — the Central Bank of Russia has already taken measures against such companies. At this stage, the responsibility lies with the traders themselves.
I am thoroughly disappointed with the broker’s services as they have consistently underperformed and failed to meet my expectations in 2023.
I am extremely dissatisfied with the service provided by Cyberswop in 2023. The customer support was terrible – they were unresponsive, unhelpful, and frequently disconnected calls. The company did not fulfill its promises about high-return investments. The platform was filled with hidden charges that were not explicitly stated beforehand, so I ended up losing more than I gained. Moreover, the user interface was highly un-intuitive and hard to navigate. Overall, my experience with Cyberswop was highly disappointing, and I would not recommend their service to anyone.