SwiftFX seems like a regular broker that offers usual trading services, such as forex and other assets, but it should not be relied upon because it is unregulated. In addition, it urges ts clients to use automated trading software, which is not always the sign of a scam, but given the lack of transparency and a license, it is likely to be fake trading software that may fool users into thinking they are actually trading or may rob them of data.
We Have Found Some Problems with SwiftFX
The main problem with SwiftFX is its lack of a license. It is important that every financial service be regulated to provide oversight to clients in case the service turns out to be a fraud or if there is a broker dispute. Without a regulator, the customer has little recourse. Beware of unlicensed brokers that push automated software. These are often traps and steal information from users.
Here Are Some SwiftFX Red Flags:
Suspicious automated trading software
No contact information
What Should You Do If You Have an Account with SwiftFX?
We do not recommend opening an account with SwiftFX. If you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to ChargeBax professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.