Broker Complaint Alert

File A Complaint

Against Scam Broker's

    Breaking Down the shwCash scam | What Investors Need to Know to Stay Safe

    shwCash, shwCash scam, shwCash review, shwCash reviews 2023, shwCash news, shwCash update, shwCash effect, shwCash froud,

    shwCash is a paid ad-watching platform that offers a good range of earnings through watching ad units using their platform. However, there is a lot of evidence to suggest that shwCash is a scam. In this review, we will take a closer look at shwCash and explain why you should avoid it at all costs.

    Company Overview

    As we previously mentioned they are paid ad-watching platforms. That means you will earn through ad-watching from their website. You also can withdraw the money after a specific amount of earnings is generated. But, the problem is they did not show any details about their company, history, team, or previous traders’ testimonials etc.

    Does shwCash Have Any License?

    shwCash, shwCash scam, shwCash review, shwCash reviews 2023, shwCash news, shwCash update, shwCash effect, shwCash froud,

    No, shwCash does not have any license from any reputable financial authority. They don’t have any “About Us” section where we can find the information about their license. This is a major problem to trust this broker.

    Is shwCash Regulated By Any Authority?

    No, shwCash is not regulated by any authority. As they promise that they provide unlimited earnings, so they should have regulation from the financial regulatory bodies. But, we found nothing about this.

    Pros and Cons

    Pros:

    • No deposit.
    • The ad-watching platform is user-friendly.

    Cons:

    • shwCash is not regulated by any reputable financial authority.
    • There have been reports of shwCash scammers targeting unsuspecting victims.
    • Earning is not regular.

    How Does shwCash Reach To Their Prey?

    shwCash scammers typically reach out to their victims through social media, email, or online advertisements. They will often pose as legitimate platforms and offer unrealistic profits. Once they have lured their victims in, they will then start to ask for money.

    Technical Details

    Minimum Deposit:

    No minimum deposit. You can start watching just by signing up.

    Trading Platform:

    shwCash uses the video server platform. Where they store their ads and users can log in and see the videos. Though the platform is easy to use, there were several complaints against them that the ads stopped in the middle and users did not get any payment.

    Leverages:

    The leverages at shwCash are also high. This means that you can control a large position with a small amount of money. However, high leverage can also magnify your losses.

    Packages and Products They Offer

    shwCash offers a simple sign-up process. They don’t have any package for this. But, you need to connect your payment platform to withdraw the money, which actually you will not be able to get.

    Withdrawal and Deposit Method

    They offer a variety of withdrawal methods, including credit cards, debit cards, and wire transfers. However, there have been reports of shwCash scammers delaying or refusing withdrawals.

    What Do Their Previous Traders Say?

    There are a number of complaints about shwCash online. Some people have claimed that they have been unable to withdraw their funds, while others have said that they have been scammed out of money.

    Summing Up- Why Should Not You Trust shwCash

    There are a number of reasons why you should not trust shwCash. First, the company is not regulated by any reputable financial authority. Second, there have been reports of shwCash scammers targeting unsuspecting victims. Third, the spreads and commissions at shwCash are high. Finally, there have been complaints about shwCash online.

    If Bad Things Happen, Where Can You Get The Quick Solution?

    If you have lost money to shwCash, you should contact your bank or credit card company and file a dispute. You should also report the scam to our website. You will get a free consultation call and service recommendations to retrieve your funds easily.

    File A Complaint Against Scam Broker's

      Final Thoughts

      shwCash is a scam broker. You should avoid it at all costs. If you are looking for a legitimate forex broker, we recommend that you do your research and choose a broker that is regulated by a reputable financial authority.

      You Can Read Our Other Scam Reviews

      Kenneth Williamson

      Kenneth Williamson

      Kenneth Williamson serves as the primary news writer at BCA, bringing his expertise in online marketing to produce high-quality industry coverage. His unwavering commitment to helping individuals and businesses succeed in the digital realm is evident in his writing. Additionally, Kenneth provides top-notch technical SEO and copywriting services to businesses of all sizes.

      Leave a Reply

      Your email address will not be published. Required fields are marked *

      Broker Black List

      Recent Post