Swissborg Broker Overview
- Website: https://swissborg.com/
- Website Availability: Yes
- Address: SBorg SA, Rue du Grand-Chêne 8, 1003 Lausanne Switzerland
- Warning Notices: Not Recommended By Review Website Like Lycan Retrieve
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
It presents itself as “building the future of finance” in the form of the many digital investment experiences Swissborg promises to offer its users. Its mission: “Redefining wealth,” the platform also claims to be redefining the coming future of banking. Established in 2018 with 9 initial employees and through an ICO, the platform now boasts a workforce of over 200. But behind its branding, the platform is increasingly facing a growing number of complaints from users claiming that it is very unethical.
User Complaints Raise Alarms
Negative Swissborg Reviews on Trustpilot
While the company is a standard of innovation and advancement, many reviews for Swissborg on Trustpilot show a different picture. “I’m highly disappointed. This should have been stated before deposits,” wrote an aggrieved customer. This kept-the-users-in-the-dark policy has sorely tested many users, especially those who put in a deposit but are now blocked when trying to withdraw their money.
Questionable Wallet Practices
There are multiple reports that users had their wallets seized without warning on the platform. One complaint stated, “The worst wallet they seized from me was 2000 euros in one day.” These incidents lead to serious suspicions about the security of user funds. That user maintained that even though they had verified their identity with a passport and remained under the 5000 euro limit, their funds were still frozen.
Poor Customer Support and Withdrawal Problems
Attempts to contact customer support from Swissborg are met with null activity. “I have been trying to contact support for two days without a response,” said one user. Even more untrustworthy are accusations that the platform changes the conditions of withdrawal. For example, a user who deposited $50 for staking said, “They gave me the first withdrawal; now they ask to invite 5 more people to the platform… and add another $50 as a top-up.” Such pressure feels rather like pyramid schemes than any real investment opportunity.
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