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/10

SwissIAM

Switzerland|2-5 years|
Suspicious Scope of Business|High potential risk|

https://swissiam.com/

Website

Rating Index

Contact

+41 218213963
support@swissiam.com
https://swissiam.com/
Airgate Business Center Thurgauerstrasse 40, 8050 Zürich 9. OG Office 0835

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

CH FINMA
2023-01-27

Contact number

English

+41 218213963

Broker Information

More

Company Name

SWISS International Asset Management

Company Abbreviation

SwissIAM

Platform registered country and region

Switzerland

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-06-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

SwissIAM · WikiFX Survey

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SwissIAM · Company Summary

Since SwissIAMs official website (https://swissiam.com) cannot be opened for the moment, we could only piece together the rough picture of this broker through gathering some relevant information from other websites.

General Information

SwissIAM seems to be forex broker registered in Switzerland. Since we were unable to find relevant information, we have no idea about what trading assets it provides. SwissIAM seems to offer four types of trading accounts, with the lowest required opening deposit being € 250, and traders can employ a maximum leverage of 1:300 on their positions.

However, when it comes to regulation, SwissIAM is not authorized or regulated by any regulatory authority. Thats why it receives a pretty low score on WikiFX, 1.04/10.

image.png

Account Types

Four trading account tiers are designed to suit different traders trading needs, and the account type is determined by the initial deposit. € 250 is what a lite account needs, and the Plus account asks for € 3,000. The Elite account is the most expensive trading account, requiring € 15000 to start. The good news is that Islamic accounts are available, with the minimum deposit of € 1250.

Account Type Minimum Deposit Maximum Leverage
Lite € 250 1:100
Plus € 3000 1:200
Elite € 15000 1:300
Islamic € 1250 1:200

Leverage

Leverage in trading is, in fact, dependent on the type of account used, ranging from 1:100 to 1:300.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size (no more than a 1:10).

Customer Support

Contact this broker using the following methods if you have any questions or problems with your trading:

Online Chat

Telephone: +41 218213963

Email: support@swissiam.com

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Pros Cons
Four trading accounts to choose from No regulation
Generous leverage Inaccessible official website
Lack of essential information
High minimum deposit
Demo Account unavailable

Frequently Asked Questions

Is SwissIAM regulated?

No, SwissIAM is not regulated anyway.

What types of trading accounts available with SwissIAM?

Four types of trading accounts are available: Lite, Plus, Elite, Islamic.

What is the minimum deposit amount required to make a start with SwissIAM?

The minimum deposit amount required to register a live account is € 250.

User Reviews

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6

Comments

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A87658
more than one year
I agree with most of the people here. Bitter disappointment, but happily I invested only €250, despite being harangued. Stay away from SwissIAM if you don’t want to be scammed.
2023-02-24 14:03
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0
0
Danny8534
more than one year
to be confronted the amount of 19k so I quickly tried to withdraw this money back to my account, she sent me a message saying I could only draw 20 US dollars out of the account because it would raise issues with my bank apparently (even thou over 10k gets you flagged by the banks) I was like let me take out my first investments and keep playing with the money, she then started to get sarcastic with me the usual dross saying "playing with money online was only for people who know how to play."
2022-11-30 00:17
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0
0
Danny8534
more than one year
get more money out with me he had enough and said he would give me to someone who only dealt in companies instead of bitcoin, so spoke with this illiterate women who told me she could make me alot of money so I went along with her conspiracy theory knowing full well now that I'd been had off, so next morning in my wallet on their account it stated I now had 3,207k I was like wow she really did it, by the afternoon I was speaking to family member went to show her how much money I'd made
2022-11-30 00:16
Reply
0
0
Danny8534
more than one year
positive reviews, that was till I had got to page 2 of search results where people have had the same trouble of what had happened to me, so by then I knew I had to play stupid with them and play them at their own game, I started telling my broker David Cohen that he wasn't getting anymore money off me and I'd like to withdraw my initial investment, said it would take 7 days blah blag by now I knew I'd had my pants pulled down, so my first withdrawal was declined by now with David trying to
2022-11-30 00:14
Reply
0
0
Danny8534
more than one year
next 3 weeks felt longer but every time I spoke with him he was after more money so I invested another £500 in week 2 following not much money being made by week three he had made the grand total of 407 US dollars, by Friday of week 3 he wanted 5k off me he was pushing hard for me to pay it he knew I'd already said with the last 500 deposited he wouldn't be getting anymore money out of me until after Christmas in the mean time I started doing some research into them and reviews were giving me
2022-11-30 00:12
Reply
0
0
Danny8534
more than one year
SwissIAM, where do we start with these scamers, never one for being suckered I read story about Jeff Bezo starting up his own bitcoin, so found what I thought was his legitimate website, got transfered to another site, within seconds I was phoned by one of their chief scammers called David Cogen obviously not his real name who spouted off some **** how all I had to do was invest 215 British pounds which would be converted to US dollars, he then played around with this money that invested for the
2022-11-30 00:11
Reply
0
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