Swych Corp: traders’ reviews in 2022
About Swych Corp: first steps in the market
Swych Corp is a relatively unknown company among Russian traders, having started its operations in 2018 and attracting over 21,000 investors. Despite a turnover of 183 million dollars, many of its business aspects remain unnoticed, and user reviews are largely critical.
Assessment of the Swych Corp website
Visiting the Swych Corp website may give the impression of viewing an advertisement page with a strong emphasis on the company’s prestige. Despite claims of 4 years of experience, domain archive data indicates the site was launched in 2015.
It is evident that the creators of Swych Corp acquired a long-abandoned domain and adapted it for their purposes. The site is presented in English and Russian with the intention of establishing a presence in the Russian market.
It is important to note that Swych Corp conceals information about its top management and provides fake contact details, which may be indicative of financial manipulation.
Legal aspects of Swych Corp
Swych Corp does not provide transparency in its operations, failing to present documents confirming its legality on the website. It is also unclear where the company is registered, although it is claimed to have licenses from IFSC, FSC Mauritius, and Cysec, which have been found to be fake.
Legal violations and customer reviews
Swych Corp does not comply with Russian legislation and is not registered as a legal entity in the country. Real customer reviews indicate a negative experience with the company, often resulting in recourse to chargeback services.
Suspicious trading conditions
Swych Corp attracts clients with promises of reduced commissions, impeccable service, and a user-friendly interface, but according to reviews, it simply extracts money from investors. Various tariff schemes imply minimal losses starting from $150, but all end with loss of funds.
Deception and dishonesty of Swych Corp
Swych Corp employs well-known deception schemes targeting less experienced traders. Reviews highlight manipulation with the trading terminal, as well as difficulties with fund withdrawals.
Final conclusion
Swych Corp is a dark player in the market, disregarding legislation and client interests. This company leaves much to be desired and does not deserve the trust of traders. If you have any questions or wish to share your experience working with it, please leave comments under this article.