SwiftTrading.live Review

What Do SwiftTrading.live Hide?

The website presents an appealing design coupled with engaging content, positioning itself as an ideal trading solution from a marketing perspective. However, upon closer examination, it seems to be more of a deceptive scheme, bearing a striking resemblance to the notorious Trading Aureo scam. There are several evidence to prove it.

Therefore, we invite you to delve into our comprehensive SwiftTrading.live review. In this review, we uncover the secretive operations of this dubious venture and the manipulative tactics used to lure unsuspecting traders into squandering their funds. Additionally, if you’ve been a victim of online fraud, our team is equipped to assist you in pursuing a chargeback.

Trader Feedback: Real Experiences with SwiftlyTrading.live

Our search for trader reviews on SwiftlyTrading.live yielded limited results, with sparse feedback across major online forums. However, a notable Reddit thread features a user detailing their unfortunate experience of being scammed by this broker.

This conversation offers valuable insights into the mechanics of online fraud, making it a must-read for understanding such schemes. Further grievances are posted on scamadviser.com, where one user notably highlights a common scam tactic: “No matter your investment, withdrawing funds remains impossible.” This pattern mirrors what’s seen in other online scams, like CNX Markets, and underscores the importance of vigilance in the digital trading arena.

Potential Victims of The SwiftTrading.live

A search on godaddy.com/whois reveals that the domain for swifttrading.live was registered on April 4, 2022. Since its inception, this offshore scheme has been actively targeting traders, primarily in three countries:

• The United States;
• Poland;
• France.

Notably, each of these nations is under the watchful eye of stringent financial regulators. Their market authorities implement strict rules to thwart the operations of unauthorized entities.

Yet, SwiftTrading.live operates without any official license. As we’ve highlighted earlier, this means that traders who suffer losses on this platform can’t seek recourse through financial ombudsmen or compensation schemes. This lack of safety net is a significant concern for potential targets of this service.

Information gathered from Reddit discussions indicates that SwiftTrading.live exclusively accepts cryptocurrency for both deposits and withdrawals. However, the specific details regarding their minimum transaction limits and associated fees remain unclear. This broker’s dubious reputation makes the choice of a single payment method quite telling.

Scammers often favor cryptocurrencies because it grants them anonymity and complicates the tracing of funds. Recovering crypto payments is a complex task that typically requires expert intervention.

Fortunately, our team includes specialists adept at tracking cryptocurrency transactions. Their expertise is dedicated to assisting our clients in recovering their lost funds.

The Trading Platform of SwiftTrading.live

SwiftTrading.live provides its own trading platform, accessible on desktops and through web browsers. However, the lack of a demo account prevented us from evaluating it firsthand. From the website’s visuals, the platform appears basic, featuring rudimentary tools like charts and indicators.

We advise against downloading this platform due to potential malware risks. Instead, opt for reputable providers offering established third-party software. It is renowned for its comprehensive features, including automated trading capabilities, real-time market updates, advanced charting options, a user-friendly layout, diverse timeframes, and rapid order execution.

Trading Conditions – Leverage, Spreads, Commissions

The trading conditions on SwiftlyTrading.live, including leverage, spreads, and commissions, are not transparently disclosed on their site. This leaves the maximum leverage available to traders unclear, a crucial detail especially considering that the regulatory limit for retail clients in the UK is 1:30.

Similarly, the specifics of trading costs like spreads and commissions, along with margins and other trading requirements, remain unknown. This lack of information suggests that the platform expects traders to commit funds without full awareness of the risks.

The absence of a demo account is a strategic omission, pushing traders to invest real money from the start without a trial run. We strongly advise against engaging with this broker without such essential insights.

Deposit and Withdrawal Process

According to discussions on Reddit, SwiftTrading.live solely deals in cryptocurrencies for both deposits and withdrawals. Yet, details like minimum transaction requirements and fees remain undisclosed. This single-payment approach aligns with the broker’s questionable reputation.

Scammers often choose cryptocurrency for its anonymity and the difficulty in tracking transactions. Reversing such payments is complex, often necessitating specialized expertise.

Fortunately, we have a proficient team skilled in tracing cryptocurrency transactions, aiding our clients in recovering their funds. This expertise is invaluable for those affected by such opaque payment processes.

Do This If You Encounter Problems With Swifttrading.live

In conclusion, SwiftTrading.live operates as an unregulated, anonymous scam targeting individuals in the US, Poland, and France. We advise against engaging with this firm due to its lack of licensing and regulatory compliance.

Numerous users have reported difficulties withdrawing funds, suggesting a high risk of financial loss. Our review highlights the critical role of regulatory oversight and the benefits of trading within jurisdictions monitored by credible financial authorities.

Victims of the SwiftTrading scam are encouraged to arrange a free consultation with Global Fraud Protection. Our team of professionals is dedicated to helping you recover your funds swiftly and efficiently.