SwapPim: customer reviews and expert evaluation of work
SwapPim: customer reviews and expert evaluation of work
The online broker SwapPim provides traders from different regions of the world with the opportunity to participate in trading on international markets. After registration, users can fund their account through various payment systems, choose from different versions of the trading platform, and communicate with customer support 24/7. Despite the advantages listed, user reviews of the broker are not as positive as one would hope. After analyzing the situation, we are ready to share our opinion.
General information about the intermediary
When visiting the broker’s website, a large number of grammatical errors and template content immediately catch the eye. The text on the pages seems unfinished, indicating insufficient attention paid to the content. The website was likely quickly created using free builders, filled with stock images, and attempts to look like a successful financial company.
In the section with information about the company’s origin, it is claimed that the broker was founded back in 2018. However, the analysis showed that the domain swappim.com was sold several years later, starting from 2019, indicating that the company’s actual work experience is only a few months.
The company’s description contains a lot of false information aimed at embellishing the project’s image. However, a basic check shows that SwapPim is a dishonest project.
Who regulates the intermediary’s activities?
On the page dedicated to licenses and accreditations, numerous regulators from around the world are listed, but no license confirming the broker’s right to provide financial services is presented. According to the results of checks in various registers, no confirmation was found.
Based on the Russian-language localization of the site and the large number of reviews in Russian, it can be assumed that the company actively attracts clients from Russia. However, without the necessary legal permissions, such actions are illegal.
Analysis of trading offers
SwapPim offers a standard set of assets and a trading platform, the name of which is not specified. The site describes three types of accounts, although reviews indicate that upon registration, users can deposit funds in any amounts, with no restrictions on access to trading instruments. The company promises clients advantages such as leverage up to 1:100, fast order execution, minimal spreads, deposit insurance, personal manager, and PAMM accounts.
However, information on commissions and other fees is missing. Reviews suggest that clients regularly pay fees for maintenance, taxes, and other charges.
What do reviews say about SwapPim?
Many clients have been dissatisfied with their experience working with SwapPim. Reviews are mostly negative, with clients describing their disappointing experiences and warning other users against collaborating with this company.
Why should you refrain from opening an account with SwapPim?
SwapPim is a suspicious project oriented towards fraud. Criminals launch several similar projects simultaneously, hire active sellers, and sell services of pseudo-brokers, earning percentages for each registered user.
The key role in working with clients is assigned to personal managers, whose task is to monitor user activity, remind them of payments, and encourage them to make deals. Unfortunately, all decisions are made centrally, which does not allow traders to independently manage their funds.
Expert evaluation
SwapPim is a dishonest project that does not deserve trust. The organizers did not thoroughly work on the company’s legend, and the information on the website is quickly refuted. Numerous negative reviews indicate the broker’s dishonest activities. We strongly recommend avoiding contact with SwapPim, as it is a fraudulent project.