Swift Trading Review Disclaimer: This information is provided solely for warning and alert purposes. It highlights major red flags associated with this suspicious trading platform currently operating under the domain, “www.swifttrading.net”. The broker’s previous domain was “www.swifttrading.live”The review is based on my personal experience and publicly available information.
Swift Trading – Are you contemplating trying it?
Read my independent Swift Trading review before you make that move. There’s a chance that you might be looking at a major fraudster who practices crypto and forex scams.
But first things first, here’s the company’s data summary table.
Please note that this information is sourced from both the company website and a third-party website—scamadviser. com.
| Company Name | Swift Trading |
| Website | www.swifttrading.net |
| Email Address | Undisclosed |
| Telephone | Undisclosed |
| Physical Address | Undisclosed |
| Regulation | Unregulated |
| Tradeable Assets | Forex, cryptocurrencies, commodities, ETFs, indices, and CFDs on stocks |
| Trading Platform | Custom platform |
| Leverage | Undisclosed |
| Minimum Deposit | None |
| Deposit and Withdrawal Options | Undisclosed |
Swift Trading Review
Is swifttrading.net a crypto scam? The short answer is yes. This is another major crypto scam platform. It falsely claims to facilitate cryptocurrency trading and mining(Ethereum, Bitcoin, Binance Coin, & Solana) and also the trading of Forex, ETFs, indices, commodities, and CFDs on Stocks.
However, I’d like to reveal to you without fear of contradiction that these are untrue claims. As usual, I investigated this website, and the things that I found out are very similar to RontoXM and other scam sites I have talked about in the past in this blog.
1. Swift Trading Does Not Offer Demo Trading Accounts
The first red flag about this broker is the fact that they don’t provide the demo trading feature. It makes it hard to test and come up with a logical conclusion as to whether the site works as advertised or not. Ironically, many legit brokers offer this feature, and it’s only scammers who are known to not.
2. Too Many Reports about Withdrawal Issues
Like other scammers, this broker is said to let you trade and make profits. But you will never be able to withdraw those profits or your money altogether. When you make a withdrawal request, they will demand that you pay unclear taxes first. Of course, they know very well that you wouldn’t, giving them an excuse to hold on to your money. It’s the exact trick that NSBroker and other like-minded brokers use to dupe unsuspecting individuals.
3. The Swift Trading Broker’s Big, Unverifiable Claims
Browsing the Swift Trading website, swifttrading.net, to sign up, I came across a section where the company talks about having been voted as the best mobile trading platform.
Funny enough, it doesn’t back that up with evidence such as a link to where this information is published.
It also claims to have over 40 million members. Ironically, I could not find its business page on Facebook or LinkedIn. It’s not even mentioned on Trustpilot.
A trading platform this huge and popular will have a digital footprint all over the Web, including on social media and major company review websites like Trustpilot.
Even Binance, one of the most popular and trustworthy trading platforms, does not have this number of registered members. Yet its digital footprint is significant everywhere, be it on social media, on scam review websites, or in any other digital space.
3. An Unregulated Broker
Another major red flag is the fact that Swift Trading is unregulated.
Legit trading platforms, like Binance, Coinbase, FXCM, and others, are typically regulated.
Similarly, most, if not all, forex and crypto scam platforms like Mayfair Investments and BlueStar FX are unregulated. Connect the dots!
4. Too Many Bad Reviews
Swift Trading reviews on Scamadviser are generally negative. The negative feedback in the screenshots below suggests that these investors were duped by this broker. It did not honor their withdrawal requests.
Source: Scamadviser
Source: Scamadviser
Scamadviser even gives a RED warning that the website rating is significantly low, advising investors to be wary of the platform. The system gives the platform the lowest-ever trust score rating(1/100), practically classifying it as a scam.
During my probe, I also stumbled across a blog site called “Global Fraud Protection”, which mentioned swifttrading.live quite negatively, describing it as something that “looks like a cunning hoax. You can read the SwiftTrading.live review here.
5. Deceptive Information Regarding the Parent Company
Funny enough again, scamadviser states that Netlify Inc. is the parent company behind Swift Trading. A quick lookup on Trustpilot, on the contrary, shows that Netlify Inc. is a web host company based in San Francisco, United States. This makes you doubt even more the authenticity of this broker.
Just to be sure that I was not missing any crucial detail, I decided to look up Swift Trading on Godaddy’s “WHOIS” database, as well. I found the information regarding the parent company consistent with Scamadviser.
Like Scamadviser, the Godaddy WHOIS database also indicates Netlify Inc. as the parent company behind this scam platform.
Ironically, Netlify Inc. is a completely different organization focusing on a different industry. It concentrates on the technology industry as opposed to the financial markets industry.
Taking this information conundrum into account, I would like to believe that the broker provided deceptive details regarding their parent company. Remember that the WHOIS information only gives the data you provided when registering your website.
My Final Verdict On Swift Trading
The Swift Trading company is a scam.
A lot of traders have complained online about being unable to withdraw their profits or funds from this entity.
They appear to be targeting beginner traders who haven’t yet learned the ins and outs of the trade. To a seasoned trader, it’s laughable that the platform doesn’t offer a demo trading feature or technical details like the trading platform, leverage, and so on.
It’s funny how they expect you to invest blindly and lose your hard-earned money without doing your due diligence to know about these details first.
Avoid dealing with this broker and, instead, find a reputable broker like the IG Group (forex) or Coinbase(crypto).
You can read my Automated Bitcoin Trading and Guide to master the proven crypto trading basics that will enable you to avoid getting scammed or making costly mistakes that normally hinder lots of traders from making profits. With nothing more to add, good luck finding a good broker or trading profitably.
Report A Scam
Have you fallen victim to a scam? If so, go to this page, or email scamread@scamreader.info to report the case and seek help.
This is a great piece, Thank you!
I’m glad that you enjoyed reading it!
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.