BTCSwing Review

Read our BTCSwing review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a btcswing.com review.

Who are they?

After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.

So BTCSwing is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.

How does it work?

Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.

Withdrawing funds

You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.

How to get your money back?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.

What about wires?

If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.

Make sure you leave reviews about BTCSwing in other sites

Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.

BTCSwing Review Conclusions

Making the BTCSwing review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our BTCSwing review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

etoro

29 COMMENTS

  2. Having read your report I am convinced I have been scammed by BTCSwing to the tune of £170,000.00. Reckless trading has seen my account being put into 3 Margin Calls (MC) I am told to invest funds to release this MC then when this is done I’m told I have to have to pay a fee to withdraw my BTC. Please please stay well clear of BTCSwing, especially a Trader who goes by the name of James Dunn (American) not that I believe this is his real name, others include Daniel Hunt (British), Jack Miller (British), Jason Goldberg (American), Chris Lopez (American), Tony Harp (American) and Michael Garcia. I read you recommendation to investigate a chargeback through my bank. But how can I do this if I have bought my BTC though reputable company such as Coinbase and Gemini then carried out a wallet transfer to BTCSwing. Can companies such as Coinbase and Gemini not flag a warning prior to a wallet transfer highlighting suspect trading brokers. Basically BTCSwing is ruthless please avoid them at all cost.

  3. I’m afraid I was persuaded to invest with BTC swing. Their retention agent is a guy who calls himself James Brisco, note that JAMES BRISCO remember it, a smooth talking American accent but I think is also another nationality. I´ve posted another negative review on Trust Pilot and given him ample opportunities to make good but he never does.
    Their finance officer is a person who calls himself Jason Goldberg. These are all front identities, and they will send you pictures of other people but never their passports. True, the platform is phoney and your bitcoins never exist, but they try to tell you your a millionaire, but when you want to transact with Escrow they run far far away. If you get a call or via a friend to say invest, say NO its a huge scam and criminal of course.

  4. Sorry to hear of your experience Wayne.
    Do contact your scam section of your bank, they may be able to help. Im doing this now but im not optimistic.
    You may be able to complain to Coin base and Gemini direct.
    They are complicit to some extent in the dealings of these scumbags.
    They say they have a legal department, but that’s all lies as well.
    These individuals are the scum of this world and should be caught and jailed for a very long time.

  5. Hi Alexander, it would be good if we could talk somehow to compare our experience and possible way forward. Your James Brisco could well be James Dunn, would be good to talk off line. Strangely enough I received an email two days away from James Dunn threatening he would report me to legal for phishing inaccurate information I have supposedly posted. As you know this couldn’t be further from the truth. I’m on Skype, Zoom and many other means.

  6. Wayne it’s the same guy using a different surname .
    He has today threatened me with the same.
    Let me have your e mail address and we can zoom and have a chat. I’ve lost similar money.
    Alex

  12. To Alexandre Perrot.

    Speaking with Wayne, he will accept your call on the above number,
    We must disuade unsuspecting individuals to run far away from any of the above individuals, and more named persons have arrived on the scene now. Emma Macmillan, Michael Garcia, so this gang of criminals is growing.

  13. Further to my comment above I was approached by an individual who goes by the name Barrett Hoffman – Director of Trading with BTCSwing. He called me to tell me that the trader James Dunn / Brisco had been removed from their company for irregular trading procedures and that he will resolve the problems that I and many others were experiencing with their accounts. He promised my account and others would be rectified within the week. Needless to say his words were meaningless and I can only assume were seen as delaying tactics to keep myself and others quiet whilst they have absolutely no intent of acting with integrity or honesty.
    Remember this name; Barrett Hoffman and also Michael Garcia. Michael Garcia is a name who has always been associated with this scam and was the link when transferring my account from JB Capital to BTCSwing via Halifax Associates. If there are any other unfortunate individuals out there who have furthered at the hands of these inscrutable individuals please make contact with me or Alex Cobb.
    Finally if you are thinking of investing in Bitcoin avoid BTCSwing like the plague and don’t forget the names that are mentioned above and in previous reviews.

  14. Hi Wayne,
    I have been scammed by those people also. is there a way to go after them. we are in Alberta. i have two more friends that got scammed also.
    i would like to know if you were able to recover something.

  16. Agree, I assume Claire still hasn’t been reimbursed . I’ve sent more e mails… to MG but nothing comes back
    I’d like to know what legal action AP is taking. Because bitcoin transfers are hard to track and trace. It’s all on the dark web. Money vanishes.
    Await your comment AP.

  17. Hi David and WJM. Sorry I’ve not been in touch until now, I’m dealing with a medical condition at the moment. You will my sons mobile number posted above. Please sent a text to this number so we can establish comms. Alex Cobb and I have established a forum with others to discuss our situation. I look forward to hearing back from you both.

  19. Hi, I would also like to leave a reply and am wondering is anyone has ever paid the ” account liquidation fees” and actually received their pay out of bitcoin. I too would like to talk to someone here ho has same experience as we have had.

  20. My peronal experience tells me you should NOT pay the liquidation fee.I joined these people in November 2018 invested in all 60 coins and in all that time Ive received back by way of ROI about $17k.
    Thats a terrible return and its always like pulling teeth when you ask for the withdrawal. They control what you get back, you cannot even ask for the coinage they say you can take.
    Communication is terrible at best non existant at worst. Ive paid margin calls off the back of a false promise that Id be able to liquidate only to be slapped with a 100k liquidation fee. I´m waiting on a resolution now, but how long that´ll take is knowones business. So in conclusion- dont waste anymore money AJ.
    AJ is not enough ID you need to be open and reveal yourself.

  21. We paid the account liquidation fees and did not receive anything back- we were then told that our account manager fraudulently used company funds illegally to fund part of our fund so they will release part of our btc as soon as we pay a portion of the “fraudulent” company funds back.

  22. Wow…thank you for the info. I also hear that the companies who “help” people get their original deposits back are also just after those people to pay money for their services and they never get anything back. Has anyone sought legal advice?

  23. James Halliday,
    You wish to help those scammed by BTCswing?
    If so you will need to pass some stringent pre qualifications to help us. You could be another scammer after all.
    Are you prepared to show your passport as identification? Are you prepared to be totally open and candid about yourself? Do you have any kind of regulation to verify your service? There will be more questions asked as well. Let all of us know what service you are offering as a starter. Thanks for your interest.

  24. I’d like to leave a further up date on my situation with this company. Some five months ago I was contacted by an individual who calls himself Barrett Hoffman, says he is Director of Trading with BTCSwing. He told me that my account was put into three Margin Calls by the rouge trader called James Dunn also known by the name James Brisco assisted by Jason Goldberg, Jack Miller and Daniel Hunt who also goes by the name Daniel Lloyd. Barrett Hoffman told me he was brought in to sort out the mess left by these people. He told me if I paid an outstanding balance of $25k he would release my outstanding 43 BTC held in a margin calls for the last six months within two days of receipt. I said I would do this through an FCA approved company in London who would provide ESCROW facilities. No surprise he would not do this stating that he would not allow his company to accrue any additional costs, even though he knows any fees would be covered by myself under any agreement. Mr Hoffman then said he would hold a group meeting with himself, myself and Mr Michael Garcia, again I agreed to this but only if it was a zoom video meeting. At this point all communication has come to a complete end. I am resigned to the fact these despicable individuals have stolen my £150k investment. Please do yourself a favour, Do Not Get Involved With These People. I have recently been diagnosed with cancer and have had to sell my house to clear the debt I have accrued because of these people. Knowing this Mr Hoffman is still trying to take more money from me, absolutely horrible people with no scruples.
    Stay Well Clear of Them.

  25. As a collective I’m sure we would like to know more about your source that helps others to recapture their hard earned money. Please tell us more Margaret.

  26. Hi, the first time I posted here, Michael Garcia mentioned to me that he saw my post. I have been trying to reach you Michael if you are reading this. You don’t answer my emails, or my phone calls.
    Has anyone been able to get through to BTC Swing in the last month?
    My last email I got from them was on July 23 saying this:
    Greetings,
    We have received your withdrawal request, it is being reviewed and processed by the Finance Department.
    Your payment will be sent out on the first week of August, 2021.
    If you have any questions or concerns, please feel free to contact us via phone or email.
    Best Regards,
    But then nothing happend
    The phone numbers I have are 1-204-410-1559 and 1-778-200-5035
    But each time I try there is either no answer or it is busy.
    Does anyone have any other numbers that they can reach them through?
    Or do you all think they are just shut down for good now?
    Thanks, Arlie

  29. Hi Arlie
    I had exactly the same message from Finance department.
    So now it seems they have done a runner. Despicable people. Thieves, common dishonest Thieves.
    Now the site is shut down I don’t think we can do anything , unless anyone knows otherwise.
    I think we have to move on.

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