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Aswissa Review – Who Is Behind Aswissa.Com Broker?
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If we were to judge a company based on their logo and name, Aswissa would definitely sound like a reliable brokerage company from Switzerland. However, the truth turns out to be quite different from how this company presents it to us.
Aswissa claims to be owned by BDSwiss Holding Ltd, a financial company based in Cyprus, licensed by CySEC. Tricky part is that Aswissa misuses this brand’s name as a clone firm, because Aswissa isn’t listed as BDSwiss Holding Ltd’s brand at all. Aswissa further proclaims to have an office registered in Germany. So all in all, it remains a complete mystery what the owning company of Aswissa is and where their headquarters are.
|Minimum Deposit||€15 000|
Aswissa Regulation and Funds Safety
It is only justified to assume that no funds could be safe in the hands of an unregulated brokerage company. Under the pretense of secure financial services, these phonies act like professionals who delude their clients. In the absence of licenses to regulate their operations and jurisdictional regulators to oversee their activities, fraudulent brokers are ought to swindle and steal.
Regulated brokers ensure the safety of clients’ funds by securing them through segregated bank accounts. They are also mostly prohibited from offering bonuses and overly high leverage. All these and other regulations serve the purpose of keeping the clients safe and ensuring the company can operate for a longer period.
Aswissa Trading Platform Overview
Aswissa offers access to a so-called ProWave platform that they claim is the most widely used platform today. From the basic and overly simplified outline, this trading platform looks like no match for the outstanding MT4 and MT5. Most of the customizable and reliable features offered on MT4 and MT5 are completely absent here.
What is by default present in almost every scammer scheme today is the manipulative use of the trading platforms. The intention is to misguide the investors who think they’re trading, while in fact their money is already in the pockets of scammers.
What Account Types Does Aswissa Provide?
There are several account types available at Aswissa:
Account type chosen depends on how much money the potential investor decides to put as an initial deposit. All the required sums are ridiculously high, with lowest necessary to open the Basic account being 15 000 EUR. No regulated broker would ask for such huge amounts for initial deposit!
Those accounts supposedly provide you with a dedicated account manager, analyst and a few other features. Still, it is highly questionable if you would be getting these services at all considering that it’s a scammer who is offering them.
What Can Be Traded on the Aswissa Market?
Several major groups of trading assets are offered, such as Forex, stocks, indices, commodities, digital currencies.
Supposed spread from 0.2 pips is available with Aswissa, but it is already known that many major brokerage companies offer lower spreads and better trading conditions.
Leverage is capped at 1:200, which by itself is unusually high and not characteristic for a regulated broker. Licensed brokers are banned from offering such high leverage due to loss risks, so their leverage is mostly up to 1:30.
Deposit and Withdrawal Procedures for Aswissa
As mentioned before, Aswissa requires a hideously huge amount of money for initial deposit. Needless to mention, leaders in the industry allow clients to start trading after depositing as low as $5!
Accepted ways of making deposits are credit cards and wire transfers. Withdrawals are processed the same way the money was originally deposited with. There’s supposedly no fees charged for withdrawing cash. However, there is the inactivity fee which includes 10% of accounts funds being deducted after not logging in for longer than 3 months. Although highly typical of scammers, it isn’t mentioned in detail how withdrawal exactly works and if clients aren’t charged additionally for those services.
Aswissa Scammed Me – How Can I Get My Money Back?
One safe step towards getting your money back after becoming a subject of scam is referring to local financial authorities and official governmental institutions in charge of these affairs. Changing your credit card information is also a must, so in case a scammer got your credit card info, they won’t be able to abuse them. Requesting a chargeback from the bank within a period of 540 days is likely a way to get your funds restored.
It is always risky relying on various recovery agents, as those might as well be yet another scammer in disguise. By charging you for their services that they may not eventually provide, they are again subjecting you to another cyber scam. So be sure to double check them too.
- No regulation or license
- Huge amount for initial deposit required
- Overly high leverage
- Unreliable trading platform
FAQs About Aswissa Broker
Is Aswissa A Legitimate Broker?
No, Aswissa is a non regulated and unlicensed brokerage company.
What Is Aswissa Leverage?
Leverage that Aswissa offers is up to 1:200.
What Methods Can I Use to Deposit Funds at Aswissa?
Depositing money is allowed via credit cards and wire transfer.