Warning: Is Selwex a Scam?

Review: Selwex (selwex.com)

Be cautious of Selwex (selwex.com); it displays multiple signs of a scam.

Selwex presents itself as a financial platform, but it appears unlicensed by any credible financial regulator, such as the FCA or SEC.

Money Stuck in Selwex?

If you think you were tricked by Selwex, act immediately. Submit the form below to talk to recovery experts for a no-obligation case evaluation.

Regulatory Check: Selwex

Selwex operates without regulation.

Investing with unregulated firms is very risky. Trusted firms are must be authorized with bodies like the SEC, ASIC, or FCA for your protection.

Selwex operates without this protection. As a result, there is no safety net if they withhold your funds. Most investment fraud use unlicensed entities, and getting back funds from them is difficult without professional assistance.

For instance, in the UK, unlicensed firms are not covered by the compensation schemes. In the US, they are not part of regulatory bodies, so your money is completely exposed.

Common Scam Tactics

Online trading fraud is getting smarter. Criminals use social engineering to steal your savings. Below are typical tactics used by sites similar to Selwex (selwex.com).

Dating App Scams

"Pig Butchering" is a cruel method where scammers groom victims over months. They build a relationship on social media. Eventually, they introduce a secret crypto opportunity. It is a lie to lure you onto a scam site like Selwex.

Fake Trading Dashboards

Scammers build websites that mimic real trading apps. They have charts and balances that go up. But it is a fake. The broker manipulates the numbers to convince you to deposit more. If you ask for a payout, the "profits" disappear.

Red Flags

• Unsolicited Contact: You get calls from "brokers" out of the blue.
• Unregulated: The firm has no authorization.
• Guaranteed Profits: They guarantee huge profits or risk-free trades.
• Withdrawal Issues: They refuse withdrawals. They demand "tax fees" first.
• Aggressive Sales: Agents pressure you to deposit more.

Ignore positive ratings. Fraudulent brokers often post their own 5-star comments to look legitimate.

Final Thoughts

Our verdict is to avoid Selwex. It is likely a scam. Protect your money and find a licensed broker. Avoid selwex.com at all costs.