SwiftTradeOption Review: An Absurd Broker
Another absurd broker is SwiftTradeOption, and they are using false American registration certificates. A broker who goes the length of using false credentials from a non-existing regulator is trouble.
All evidence points to Swift Trade Option being a ruthless broker that shows no mercy. These brokers tarnish the good online trading name, and we must expose them, no matter the cost. SwiftTrade Option is even using the design of other online scams. Learn more in this honest SWIFTTRADEOPTION Review.
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About SwiftTradeOption Features
SwiftTradeOption is a replica of other online scams; they have just made a few changes. One of them is using false credentials and trying to fool everyone with their trading lingo. Thanks to our keen eye, we do know how to spot the red flags.
Since these scam artists are human, they are bound to make mistakes. We will expose these mistakes and ensure that no one falls for their trap. The platform must not steal from investors.
Once you land on their homepage, you might easily fall for the design. These scam artists know for a fact that no investor will bother to check out their credentials. Since we have years of online experience, we know when a broker is lying.
The first sign is having a website design that looks similar to other scams. It means that the broker lacks imagination or is an associate of other platforms.
Are funds safe with SwiftTradeOption?
Your funds are far from being safe with this bogus broker. All evidence points to an offshore broker who is trying to steal from unsuspecting investors. The lack of transparency in regards to their address raises suspicion.
We know for a fact that the broker hasn’t made any deposit to regulators. If they did, they would have valid trading credentials. Those that sign up and deposit with the platform won’t get insurance cover for their funds.
Business proprietor
The owner of this website remains unknown, which is another huge problem. A broker who claims to be reputable should be open to scrutiny. The broker should openly show himself to the world.
If the platform is lucrative, as they claim, the owners would want some form of recognition. It’s funny that there’s not a single mention of the owner or people running this platform. Anonymity is what we see with this website, and the risks outweigh the reward.
Comments from members
What is weird is that the broker claims to be reputable, yet we see no positive comments. We tried checking with online trading forums and social media platforms. None of them had any positive comments regarding this broker.
We saw a few comments that said their experience before signing up was spooky. It seems the broker was asking too many questions, which led most to flee.
Domain insight (swifttradeoption.com)
If you are in doubt when signing up with any website, check domain checker tools for information. Thanks to domain checker tools, we can learn more about this website. According to whois.net, the website is two years old.
The exact date the site went live remains unknown. For those two years, there has been no positive review on the platform. We could not find any mentions on Social media pages. It goes to show that this may be a parody website.
Features of Swift Trade Option
Account types
SwiftTradeOption is offering investors four account types to choose from. These accounts include Starter, Gold, Premium, and Legend. The minimum deposit for the Starter account is $300, which is an absurd amount.
Investors should know that the set industry minimum deposit is $250. Any broker asking for more is obviously taking you for a ride. All these accounts also come with a guarantee in profits.
Since the broker offers a guarantee in profits within a short period of time, this is another red flag. The four accounts come with a guarantee that the broker will make a profit. No market does not incur losses.
These claims are unfounded and meant to hype the attention the scammer seeks. There’s no such thing as a profit guarantee in online trading. A 45 percent profit guarantee within 14 days is an impossible task.
Contact and support
The contact page is another blank disregard of trading practices. Instead of having live chat support, the broker is using it to get personal information. You get a message that all agents are busy, and someone will soon come to help you. The wait was long enough to boil a crate of eggs.
Beware of the people you share your information with. These scam artists are also in league with hackers to steal your identity.
Deposit and withdrawal options
You can deposit using Bitcoin or Perfect Money. The broker is also allowing wire transfers for those without these options. Depositing funds with the broker is easy; withdrawing money is another task altogether.
For the two years the platform has been in existence, and no one has made any withdrawals. There’s no proof that you can profit and withdraw from this platform. The best option is to stay away and use recommended trading entities.
Testimonials
Another way of fooling investors is using video testimonials. These are paid actors who will do anything to get paid. Most of them get these gigs from Fiverr and other video-related jobs.
One of those people on the testimonials page is on other scam sites claiming to have won big. Don’t trust a broker who fails to offer transparent information about the trading platform.
License and Registration of SwiftTradeOption
SwiftTradeOption is not a legal broker and does not have any documents to prove it. The registration document they provide is fake. No regulator in the United States regulates brokers by the name Business State License Board.
The CFTC and SEC are the only Forex regulators in the United States. These scam artists are using false documents to try and prove their authenticity.
You can see that the issue date of the license is September 19, 2010. The platform went into existence two years ago. These are the mistakes scam artists make, and our job is to expose them. Without a valid license from CFTC and SEC, the broker will run away with your funds.
It’s just a matter of time before authorities catch up or the broker shuts down the platform. Either way, it’s best to steer clear.
Scam or Legit SwiftTradeOption
SwiftTradeOption is a scam that is waiting to pounce on your hard-earned money. Stay away from the platform, or else risk losing your entire deposit. These scam artists will stop at nothing and will try their best to get your bank details.
Our Verdict
There’s no way we can recommend a broker that’s using false credentials. We hope that authorities will shut them down.
Sign up with reliable trading experts to increase your chances of making realistic profit margins. It’s what you need for a successful trading experience.
We wish everyone a happy and prosperous trading experience.
