MetaSwissX

All the best: “The Best Experience, The Best Platform, The Best Results.” — promises CFD broker MetaSwissX to its clients. However, those who succumb to these promises are in for another scam eagerly awaiting traders’ money. Of course, the website boasts about the advantages of this project, its reliability, security, and profitability. However, we intend to open users’ eyes to all its shortcomings. Read about the tricks and pitfalls of scammers in our metaswissx.org review.

Overview of MetaSwissX

Retail traders can only earn in the financial markets with a reliable broker offering reasonable trading conditions. The broker claims that its managing company fully meets these requirements. Is that really the case?

Broker History

MetaSwissX managed to share very little about itself on its official website. It was enough to call itself an expert in cryptocurrencies and once again praise its own trading platform and support. However, there’s no information about the creation of the company, its achievements, or plans anywhere.

We believe that the broker’s history lacks enough information for even a couple of sentences, although in the footer of the pages, it puts the copyright dates as 2021. We will delve into the reality of the situation a little later.

Metaswissx.org Website Review

What cannot be taken away from the broker’s official website is its successful design. The developers made an effort in selecting the combination of primary colors and rational use of graphics. As a result, pages look modest but quite solid.

Of course, we would like the content managers to also do their job at such a high level. Unfortunately, our wishes remained unfulfilled: the content was lost to the design with a crushing score. For example:

• There wasn’t a word about the payment methods, limits, and commissions used for non-trading operations.
• Descriptions of available trading assets turned out to be almost boring and irrelevant texts when traders expected at least contract specifications.
• Among the words of praise for trading platforms, there wasn’t a single specific characteristic.

This can be said about almost every page of MetaSwissX’s official website. And this is not to mention smaller errors, such as non-functional links to download software.

Obviously, neither clients nor website developers have ‌the slightest idea about the specifics of the broker’s work and the interests of its potential clients. There’s no doubt — we are dealing with a forgery for scammers.

Trading Platform

Directly from user account, you can download the desktop version of the trading platform to your computer or launch the web terminal. It’s worth noting that separate authentication details are not provided — shared account parameters are used. We won’t even discuss how this violates security rules.

Testing functions and features of Webtrader revealed that the software is significantly worse than what MetaSwissX claims. Even to an inexperienced trader, the following drawbacks are apparent:

• Incoherent organization of the market overview. To select the desired asset, you’ll either have to enter its ticker in the search bar or scroll through a list of 450 lines. This leads to time losses, which can be critical in some strategies and trading systems.
• A conspicuously limited set of graphical analysis tools. Many traders will have to reconsider the implementation of their own trading systems, with a loss of result accuracy.
• Lack of an integrated language. This prevents the development of custom indicators and trading algorithms. There’s no provision for connecting modules from third-party developers, either.

Analysis of Services Offered by Broker MetaSwissX

Often, scam brokers attract traders with offers of super-profitable trading conditions or unique services. Let’s see what this firm is counting on.

Funding and Withdrawal

As mentioned earlier, the website doesn’t even mention the available payment methods for non-trading operations. It was logical to expect information on them in the client account.

Expectations were met; the broker suggested funding accounts through bank transfers or transactions in online payment systems. There’s just one problem — there are no controls for sending funds on the page.

The situation is even worse when it comes to processing withdrawal requests. When attempting to navigate to this menu item in the client’s account, the system generates an error, which, of course, they promise to fix quickly.

Such an approach isn’t surprising. When depositing funds, scammers avoid showing their own details publicly to avoid attracting the attention of financial and tax authorities. Therefore, you can deposit, but only after the support representatives personally inform the trader of the method and details for transferring funds. Withdrawal is even simpler — scammers have no intention of returning the funds they’ve acquired, so you can forget about this function working properly.

MetaSwissX Trading Conditions

Compared to many similar scam projects, our “hero” has published an enormous amount of information about trading conditions. While most scammers only specify the minimum deposit amounts for different types of accounts, the broker has gone the extra mile by providing leverage for each.

We see that traders have access to 6 tariff plans:

• Basic – €250.
• Silver – €10,001.
• Gold – €20,001.
• Platinum – €100,001.
• VIP – €200,001.
• Diamond – €500,000.

The broker shows touching concern for clients. As deposit size increases, it provides increasingly higher leverage, up to the extraordinary 1:500, so that traders can deplete their funds as quickly as possible.

Unique Features

According to the account types table, trading platform MetaSwissX has even come up with an offer that could be interesting to most clients. This refers to bonuses for deposits, the size of which increases from 50% to 150% with an increase in the minimum deposit amount.

However, the implementation of the bonus program leaves much to be desired. In the client account, we didn’t find any functions to accept or reject the bonus. It’s possible, of course, that funds are credited automatically.

The conclusion is either that bonuses are another tale from MetaSwissX, or that the broker deliberately violates the rights of traders. In either case, it’s worth thinking twice before starting a cooperation with a company that operates in this way.

Is MetaSwissX Trustworthy and Reliable?

Doubts about our portrayal of the fraudulent project disappeared long ago. At this point, all that remains is to complete the portrait of the scam broker MetaSwissX with an analysis of official information about it.

Assessing Legitimacy

The official website provides no information about the company’s registration and regulatory status. However, the broker publishes an address in the United Kingdom. Since this is the only indication of its location, it’s logical to assume British registration. Let’s try to verify this fact in the Companies House database.

During our search, we tried all possible variations of the company name. However, the result in all cases turned out to be zero. Nevertheless, considering our assumptions about a rented mailbox, this was to be expected.

The conclusion is straightforward: MetaSwissX is a virtual broker operating without official registration and existing online. Naturally, it lacks licenses for brokerage activities, and the platform operates illegally.

Established Track Record

Early in the review, we promised to look into the project’s time of existence. Since the company doesn’t provide such data, let’s turn to the WHOIS service, where we can find the domain registration date.

The result wasn’t surprising. The domain was registered in October 2023. The organization has been operating for about two months, and there’s no mention of its creation in 2021 (as indicated in the copyrights on pages). The only thing to consider is that scam projects actively attract clients at this age, so offers from MetaSwissX may come through various channels.

Implications for Traders

MetaSwissX has demonstrated all the typical signs of a project created by scammers. We have seen the lack of official company registration and operation without a license, unreliable information on the official website, and opaque deposit methods. Trusting your money to a platform where the likelihood of a scam is 100% would be a significant mistake.

Strengths and Weaknesses