Aswissa Review: Find Out Why Aswissa.com Is a Scam

Aswissa Review, Don’t be fooled by this broker’s name, logo, and fancy-looking website. Aswissa is no exclusive Swiss brokerage company. In fact, this anonymous website operates under a fictive image, created by cloning a legitimate company. In this case, that’s BDSwiss Holding Ltd.

The financial services firm, registered in Cyprus and holding a CySEC license has nothing to do with Aswissa. Supposedly having an office in Germany too, Aswissa should have to be registered in that zone as a legitimate company. This also turns out to be a lie. 

At the present time, the website seems to be down and there was no way to contact the broker. But worry not, we’ve done the necessary research on this scam broker to bring you the exact data. Keep reading our Aswissa review to find out how we discovered the truth about this offshore illicit broker. 

What is more, we strongly advise you not to invest in Broker Capitals, Universal Wealth Group, and TopTrade500 fraudulent brokers.

Aswissa Funds Safety and Regulation

Under the mask of a regulated financial powerhouse, Aswissa presents false information to mask their illegitimate status. Since we’ve done the necessary check of BDSwiss Holding Ltd, it was clear that Aswissa is in no way related to this firm. That’s one attempt the swindler can make to deceive you and manipulate you into investing. 

By going through the public registers of brokers with licenses, we concluded that Aswissa is not in possession of any trading permit or certificate. Our research covered the databases of FINMA, BaFin, CySEC, ASIC, FCA, and IIROC. And although this company sells its services and products in the EEA, they do not bother to regulate its status. That is because Aswissa is a scam through and through. 

Acquiring a permit from the tier-one financial institutions that Aswissa claims to have licenses from, is not as easy as it may seem. Besides the beginning investment of 730 000 EUR, brokers have to ensure the best safety of clients’ funds. Storing the deposits in segregated bank accounts allows clients to enjoy the security they need. 

According to the EU regulatory standards, the leverage cap is set to 1:30 and negative balance protection follows as a risk-reducing measure. Does Aswissa seem legit with their 1:200 leverage? 

ESMA establishes a strict set of rules under MiFID, so transparency of transactions is ensured and brokers have to regularly report their monetary moves. 

The lacking transparency and omitted company data points at Aswissa not following the leading regulatory regime. They are also absent from all the registers they claim to be a member of. This means Aswissa is a broker to avoid at all costs.  

Trading Software Overview

Just as much of a disappointment it was to discover the absence of a trading license, so was testing the trading platform. What is advertised as an innovative online trading solution turns out to be nothing more than bogus software. 

ProWave, which Aswissa describes as a trading terminal suitable for pro traders and retail ones alike, is nothing but a faux platform of no use to anyone. All the expected features that no trader can do without nowadays are not there. 

With ProWave, you won’t have access to the world’s most traded instruments and markets. Also forget about numerous indicators for advanced technical analysis. Other tools like strategy testers, expert advisors, and timeframes are also but a dream. 

Aswissa Account Types

Be careful now when facing a multiple choice of useless accounts with shallow information and insufficient data. Whatever these accounts may offer, be assured that regulated brokers, operating on a global scale, have far better offers. Here is the accounts Aswissa promotes: 

• Basic Trading Account – 15,000 EUR
• Premier – 50,000 EUR
• Elite – 250,000 EUR
• VIP – 500,000 EUR

Now, you should be able to have spread as low as 0.06 pips, reduced swaps, dedicated account manager, 24/7 support, you know, the standard features. Only with Aswissa, you will have to pay a lot more while not being certain you will even get what you bought. 

Aswissa Deposit and Withdrawal Process

In spite of what we’d expect of a small-time scammer, Aswissa accepts deposits with credit cards and bank wire. Usually, suspicious websites force clients into buying cryptocurrencies and depositing through malicious third-party services. We’re not saying Aswissa is any better, but as long as you deposit via credit card, you can ask for a chargeback within 6 months. 

We have no idea how withdrawals work with this dubious one. Considering we’re reviewing a financial swindler, it’s more likely that refunds do not work at all. Surprise fees are what scammers rely on for extra profit. The inactivity fee at Aswissa is 10% which is deducted from your total account balance monthly after 3 months of being inactive. 

How Did This Brokerage Carry Out the Scam?

Aswissa most probably focuses on the first-deposit scam. That’s why the initial deposit amount is set to 15 000  EUR. Heavily advertising fake offers make attracted traders act like moths towards a flame. Although it all looks motivating and inviting, depositing with this scammer is a futile investment. 

Not only do you lose your entire deposit, but you may become indebted without the leverage limit and negative balance protection. When you decide to try and get a refund, you will inevitably be denied any possibility to retract your funds. Even if you somehow manage to meet the trading volume requirement and pay all the fees and charges.

Aswissa Summary

The Aswissa review we assembled for all traders out there struggling to make it on the Forex market wasn’t just a simple warning. While we made sure our review was solid proof of Aswissa being a con artist, we also tried to point you in the right direction with our recommendations. 

Naturally, the final choice is always yours. But remember that we’re always here, battling the threatening scam as much as we can. You can help too. Spread the word about this scammer or share your precious knowledge and experience with us. We’re always here to listen and offer a piece of advice. 

FAQs About Aswissa Broker