Want to Trade with GoSwings? Read This First!
GoSwings claims to have a broker’s license from CySEC of Cyprus. Like many legitimate brokers, it warns clients about the dangers of CFD trading. Then it does something strange. On the homepage, it says, since CFDs are so risky, why not leave it up to us with copy trading? It doesn’t take much dissecting to realize this makes no sense. A copy trade is just as likely to lose people money as a direct trade. It’s still based on the volatile movement of the market.
Is GoSwings a Scam or Legitimate?
While we are busy pondering this, it’s worth checking out GoSwing’s license. When we look at the licensing page, we see it’s a license to run a company, not a brokerage license. In addition, the SEC has flagged GoSwings for trading with a fake license. The dangerously high leverage and the thousands required to open an account shouldn’t fool us. The cherry on top was the fake awards GoSwings claimed they won.
We Found Problems with GoSwings:
- False statements about CySEC license
- SEC warning
- Misleading statements
- No transparency
- High leverage
- Negative reviews
What You Should Do If You Have an Account with GoSwings?
You should close your account immediately and demand a withdrawal. If you do not receive a withdrawal, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!
