MetaSwissX Is a Scam Broker Beware!!!

Here’s a honest review of MetaSwissX that will totally change your perspective about MetaSwissX.

Is Meta Swiss X legit or a scam broker? To answer the question, it’s a fraudulent trading platform similar to Arbitrage Genius, Billnergroup, and so on, unfortunately. While many MetaSwissX broker reviews portray it as a great place to trade profitably, the reality is that this company steals investors’ money. Unlike those authors, I stand with honesty as my #1 virtue always. So, I decided to write an honest and unbiased MetaSwissX review to set the record straight, hoping that it will help a lot of people avoid getting swindled by this scammer. 

MetaSwissX broker platform.

In this blog post, you’ll mainly see several proofs that show that Metaswissx.org is a scam. Before delving into that though, here’s a company summary table. I derived the data mainly from the company website(www.metaswissx.org):

Proofs Showing That MetaSwissX Is a Scam

1. No License or Registration

The UK financial laws require brokers to obtain a license and be subject to the Financial Conduct Authority’s technical standards applicable to all financial services providers. Any company that claims to be a financial services provider without these prerequisites is not authorized to carry out business operations within this jurisdiction. An entity that isn’t legally allowed to operate in any given jurisdiction cannot be considered a legitimate organization. 

2. Unrealistic Deposit Bonuses

Another piece of evidence that the Meta Swiss X broker is a scam is the fact that they promise unrealistic deposit bonuses of up to 150%. It doesn’t make business sense at all for a broker to give fairly high bonuses that even surpass customers’ deposits. Any company that truly does so is bound to go bankrupt pretty fast. 

It’s highly unlikely that Meta Swiss X offers these levels of deposit bonuses. Sometimes scam brokers will promise unrealistically big bonuses just to lure unsuspecting investors. After all, it gives investors a higher trading power level and a competitive advantage, for less.  

Here’s how Meta Swiss X dupes its customers with the deposit bonus trick:

According to the product website, the deposit bonus varies, depending on the real account option selected. For example, the Basic and Silver options supposedly come with 50% and 75% deposit bonuses, respectively. Meanwhile, the higher account options attract a deposit bonus of 150% each. 

Here, a financially capable investor would likely choose an account that’s going to attract the highest deposit bonus possible(i.e. Platinum, VIP, or Diamond). Meaning they’d deposit €100,001(for the Platinum account), €200,001(for the VIP account), or a higher amount(for the Diamond account). They’d likely forgo the Basic account(€ 250), the Silver account(€10,001), or the Gold account(€20,001).

Once you’ve deposited the money, the broker will inform you that you don’t qualify for the bonus due to not meeting certain terms and conditions, which they did not disclose prior. Remember that scam brokers hardly let you withdraw your money. If a broker does, it’s usually just a small fraction of the amount, to gain your trust fully. Since MetaSwissX is unlicensed and unregulated, it means that you’ll have nobody to turn to for help. 

3. A Manipulated Demo Trading Feature

A common mistake that beginner or unsuspecting investors sometimes make is to believe that the presence of a demo trading feature automatically means that a broker is authentic. 

In my experience as a self-taught investigator of brokers, I’ve come to learn that not all brokers who provide demo trading accounts are legitimate. 

While most authentic brokers do admittedly, a few rogue elements in the industry have discovered a way to trick potential customers by offering a manipulated demo trading feature. A fake demo trading account looks functional and generates fake profits, making you eager to deposit money and begin real trading. The goal is to have you deposit money. You’ll not be able to withdraw it afterward. 

4. The Use of Remote PC Access Software AnyDesk and Teamviewer

Like BillnerGroup, Metaswissx.org contains AnyDesk and Teamviewer remote PC access software. While this software can be pretty useful for remote teams, criminal elements can easily exploit them for malicious purposes. They can use the software to gain access to and control your computer over the internet, stealing your sensitive personal and bank account details. Since MetaSwissX is a scam, I have strong reasons to believe that this broker steals and sells clients’ sensitive personal data to third-party entities. I’m also convinced that they use the bank account details to get access to customers’ bank accounts. 

5. MetaSwissX App Lies 

What’s more, the company website falsely claims that this software is also available as an Android app—MetaSwissX app, which is purportedly available for download on Google Play Store.  But I couldn’t find it on GooglePlay when I checked, as you can see in the screenshot below:

A screenshot shows MetaSwissX app not found results on Google Play

This is either because Google pulled it down after realizing that it’s a scam app, or it doesn’t exist altogether. 

6. Fake MetaSwissX Broker Reviews On LinkedIn

Another sign that Metaswissx.org is a scam is the fake MetaSwissX reviews on LinkedIn.  

Two websites(startup.info and coin2share.com) also mention MetaSwissX positively. It seems that the broker paid the authors handsomely to do just that. 

7. YouTube Evidence

Notably, most YouTube videos tout MetaSwissX as a legitimate broker. But that doesn’t necessarily mean they are. After all, those could be incentivized videos—who knows?

On the contrary, a YouTube channel called “Scam Or Not”, reports MetaSwissX to be a scam and fraud website. Follow the link below to that video to see what the narrator had to say about MetaSwissX.

Video Link: https://www.youtube.com/watch?v=NGgV8J6L7Ls.

As if that were not enough, another YouTube channel called “Legitreviewz1” refers to MetaSwissX as a “typical Ponzi scheme”, advising viewers to avoid it. 

The video reveals that this broker processes deposits only in cryptocurrency, pointing out that doing transactions in digital currency comes with convenience for scammers. It further reports that many clients complained after depositing funds but not receiving the broker’s services. For more on MetaSwissX, as covered in that video, follow the video link below:

Video Link: https://www.youtube.com/watch?v=A1-XJZOSfdY.

8. Scamadviser Evidence

Similarly, Scamadviser warns that metaswissx.org is a suspicious website. The scam checker website has assigned the broker a fairly low trust score of 32 out of 100. And it’s for a reason. 

My Final Verdict On MetaSwissX Broker

MetaSwissX is a scam broker who pretends to operate from the United Kingdom. They are unlicensed, unregulated, and determined to swindle both low-level investors and high-level ones. Whether you can afford to deposit only € 250 or a whopping €200,001 plus, this trickster is keen on swindling you! They employ various tactics to lure you into their trap, including promising you unrealistic deposit bonuses and paying people to write or create videos that paint them in good light. Owing to that, I suggest you avoid interacting with them because it will only culminate in you losing your hard-earned money as an investor. 

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