EXCHANGE SAFE Review – Ponzi Scheme Migrates To The Net
EXCHANGE SAFE Review – Ponzi Scheme Migrates To The Net

This is a story about how a completely illegal company managed to steal tens of thousands of pounds using the oldest trick in the book. EXCHANGE SAFE is allegedly from Zurich, but in reality it’s far from the truth. Their lucrative investment deals with incredible returns are all a sham to attract more clients.

Read more about online fraud and how to keep your money secure in our EXCHANGE SAFE review.

Regulated by: Unregulated
Is This Company Safe? No, never invest with unregulated firms!
Known Websites: exchangesafe.com
Have Warnings from: FINMA, FCA, IOSCO
Registered in: Switzerland (alleged)
Operating since: 2023
Trading Platforms: Web Trader
Maximum Leverage: N/A
Minimum Deposit: £10 000
Deposit Bonus: Up to 200%
Trading Assets: Forex, Cryptocurrencies, Bonds, Indices, Commodities, ETFs, Stocks
Free Demo Account: No
How to  Withdraw from This Company? Contact your bank, regional financial regulator, or our chargeback professionals to learn about different recovery options.

Illegal Firm Placed On Blacklist

The address of EXCHANGE SAFE is allegedly in Zurich, which means they should be licensed by the Swiss main regulator. Instead of a commercial license, we found an investor warning while searching the FINMA database.

The jurisdiction of Seychelles is mentioned in the Terms & Conditions document. However, there is not a single piece of information about EXCHANGE SAFE in the FSA register.

Over time, additional fraud warnings were posted by the UK’s FCA and the international organization of financial regulators, IOSCO.

Seeing that EXCHANGE SAFE is not a regulated entity, you can’t expect them to play by the rules. The firm doesn’t provide any safeties in form of negative balance protection, or similar measures.

Where Do The Fraudsters Hunt?

The exchangesafe.com website holds copyright information dating back to 2014. Although the domain exists since 2004, Whois search has revealed that it hosts the EXCHANGE SAFE platform only since early 2023.

The fraud actively targets people from large financial centers:

  • United States
  • United Kingdom
  • Canada
  • Australia
  • India

INVEST SAFE employs especially pesky boiler room agents. Over the phone, they act as financial experts, and offer incredibly lucrative deals.

They are known to use intimidation and threats if they suspect the victim is unwilling to pay more money. Contact our legal experts to find out how you can pull your funds from the EXCHANGE SAFE con.

Everybody Complains About Them

If you look at Trustpilot reviews, you will see a great number of fake comments posted by review seller networks. When you use the filter to see only 1-star reviews, however, a more dark picture will appear.

All of the actual client testimonials tell the same story. The company agents ask for larger deposits, but they don’t allow you to withdraw. In the end, you may need to rely on our chargeback experts to see your money again.

They Get You On Hidden Fees

Although deposits are advertised as free of fees, any bank wire transfer of over €50 is charged an undisclosed fee. The minimum deposit is £10 000 which is many times over €50, so each deposit incurs this hidden fee.

The account maintenance fee is €50 per month after 90 days of inactivity. Additionally, each account is charged a monthly withdrawal fee, even in the case the client does not wish to withdraw.

Company Offers Forbidden Bonuses

EXCHANGE SAFE offers bonuses ranging from 50% to up to 200% depending on the account type. These bonuses are allotted upon depositing assets.

It’s important to mention that any bonuses are banned in the EEA, and many other parts of the world. They are illegal in every nation where EXCHANGE SAFE operates.

Lack Of Transparency For Visitors

Some of the trading features with this company are not transparent when you visit exchangesafe.com as a tourist. You need to create an account, which requires you to consent to a slew of pseudo legal documents.

Once you’ve created an EXCHANGE SAFE login, the facade starts to pale. The trading platform is quite basic, and overall features are lackluster.

Borderline Useless Platform

Don’t expect a high quality trading environment from EXCHANGE SAFE, as they only offer the basic web trader like the EuroPrime scam. This web oriented application is favored by fraudsters everywhere.

It features all of the required trading functions, but the platform is poorly made and sluggish. Not that EXCHANGE SAFE cares for one bit, however. Your slippage losses are their net gains. Mobile app is not available.

Large Selection Of Assets

Faux companies like Binatex and EXCHANGE SAFE try to appear legitimate by offering a good selection of trading assets.

We can see that all of the most popular instruments are supported:

  • Forex (EUR/USD, GBP/CHF, EUR/GBP, AUD/NZD)
  • Cryptocurrencies (Bitcoin)
  • Stocks (Airbus, Disney, Pepsico, Procter & Gamble)
  • Indices (Nikkei, Dow Jones, S&P, WIX, DAX)
  • Commodities (Coffee, Natural Gas, Gold, Palladium)
  • ETFs (COPX, GLD, USO)
  • Bonds (Long Glit, Euro Shatz, France Bond)

Expensive Investment Plans

Only live accounts are available with EXCHANGE SAFE, with no demo. They are managed as investment plans, and are not exactly cheap.

Here is an outline of different live account types:

  • Basic – £10 000
  • Silver – £50 000
  • Gold – £100 000
  • Premium – £250 000
  • Platinum – £1 000 000

You Can Never Withdraw The Whole Amount

EXCHANGE SAFE is a typical Ponzi scheme. Clients will be able to withdraw a certain amount after some time, but never the entire invested deposit, no matter how high their alleged earnings are.

In order to get your money back from EXCHANGE SAFE, you may need to resort to legal action. Contact our team of experts via the live chat to learn about chargeback options.

Customer Service Doesn’t Care

You won’t be able to contact EXCHANGE SAFE customer support unless they want you to. The live chat function in their trading platform does not work, and nobody answers the phone.

While an email option remains, you can’t rely on this to resolve your problems in due time.

There Is A Way To Get Your Money Back

EXCHANGE SAFE is an unlicensed investment firm operating allegedly from Switzerland. The company has been placed on the blacklist of multiple regulators for their predatory behavior.

After doing thorough research, it has become clear that EXCHANGE SAFE is a Ponzi scheme. If you have money deposited with this bogus investment firm, contact our team of professionals to learn about chargeback options.

FAQ Section

What is EXCHANGE SAFE?

EXCHANGE SAFE is a dangerous fake investment firm. The company is not legally registered, or licensed to provide their services.

Is EXCHANGE SAFE A Scam Or Legit?

No, EXCHANGE SAFE is a completely illicit platform. Contact our chargeback experts to learn how you can get your money out of their platform before it’s too late.

What Are The Products Of EXCHANGE SAFE?

EXCHANGE SAFE offers trading, investment, insurance and retirement fund management. The company does not have a license for any of these services.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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