Thinking of getting into business with Swift FX Equity? Here is what you must know about this broker. Carefully read this review to find out if swiftfxequity.com is the trading platform you will want to trade with.
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About Swift FX Equity Broker
Swift FX Equity is an offshore brokerage company with a lot of promises for traders. The broker address shows London, United Kingdom.
The broker claims regulation from different financial regulations like FSA Seychelles and CySEC.
To clarify, regardless of the trading instruments Swift FX Equity claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
swiftfxequity.com: Reasons to Avoid This Broker
Firstly, swiftfxequity.com is a platform with no financial authority overseeing its financial services. We discover Swift FX Equity is not worth your money because it has been blacklisted under CySEC warning lists amongst others unlicensed brokers.
Secondly, we noticed swiftfxequity.com has a free account for traders. We advise you don’t waste your time on that, so you don’t get lured into trading real fund with this unregulated broker.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
Under withdrawal policy, Swift FX Equity leaves us with no specific information on processing days on withdrawal. Truly, this broker is a scam and its fraudulent schemes are clear.
Minimum Deposit
Swift FX Equity minimum deposit is not available as the broker does not mention its account types.
As for the payment methods, the broker accepts only Cryptocurrency. Truly, you should not consider making any payment with this broker because it is a risk. So beware!
Swift FX Equity Platform
Swift FX Equity offers web based trading platform and not MT4 or MT5 (Industry standard trading platforms) which gives us more reason not to take this broker serious.
As for the leverage, the broker discusses nothing. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Swift FX Equity Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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Conclusion: Is swiftfxequity.com a Reliable Broker?
No, swiftfxequity.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to find out scam forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.