Warning: Is Saywes a Scam?

Is Saywes (saywes.com) a Scam?

Be careful of Saywes (saywes.com); it shows many signs of a scam.

Saywes claims to be a trading firm, but it is not authorized by any credible authority, like the ASIC or CySEC.

Money Stuck in Saywes?

If Saywes refuses to release your capital, time is critical. Fill out the form below to talk to cyber-forensics experts for a no-obligation case evaluation.

Can You Trust Saywes?

The major red flag is that Saywes (saywes.com) lacks regulation from a credible authority.

Trading with unlicensed entities is very dangerous. Trusted firms are always authorized with bodies like the FINRA or FCA to ensure consumer safety.

Saywes operates without this supervision. This means there is no protection if they steal your funds. Many online scams use unlicensed actors, and recovering money from them is hard without expert assistance.

For instance, in Europe, unauthorized firms are not covered by the compensation schemes. In America, they are not part of SIPC, so your capital is at risk.

Warning Signs of Saywes

Online trading fraud is evolving. Criminals use psychological tricks to steal your savings. Below are common tactics used by sites similar to Saywes (saywes.com).

The "Romance" Trap

"Pig Butchering" is a brutal method where scammers groom victims over weeks. They build a relationship on social media. Eventually, they mention a secret crypto opportunity. It's a trap to get you onto a scam site like Saywes.

Rigged Platforms

Fraudsters build websites that mimic real trading apps. They have charts and profits that increase. 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.
• High Returns: They guarantee huge profits with no risk.
• Withdrawal Issues: They refuse withdrawals. They demand "tax fees" before releasing funds.
• Pressure Tactics: "Account managers" push you to deposit more.

Ignore fake reviews. Fraudulent brokers frequently write their own positive comments to appear real.

Verdict

We advise against Saywes. It appears to be a fraud. Protect your money and use a regulated broker. Avoid saywes.com at all costs.