Score

6.52 /10
Average

Swift Trader

Comoros

2-5 years

Regulated in Comoros

Retail Forex License

MT5 Full License

Regional Brokers

Medium potential risk

Offshore Regulated

C

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Score

Regulatory Index5.87

Business Index5.41

Risk Management Index8.90

Software Index8.21

License Index5.87

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VPS Standard
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Broker Information

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Company Name

Swift Trader Ltd

Company Abbreviation

Swift Trader

Platform registered country and region

Comoros

Company website

Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2025-06-07
  • The Comoros MISA regulation with license number: T2023364 is an offshore regulation. Please be aware of the risk!

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Pyramid scheme complaint
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Unable to Withdraw

swifttrader52 million yen fraud incident‼️⚠️ Withdrawal refused by SwiftTrader

swifttrader52 million yen fraud incident‼️⚠️ Withdrawal refused by SwiftTrader When using the dealer called SwiftTrader, my account was forcibly closed, all profits were deleted, and withdrawals were refused due to a violation of the bonus terms. ■ Details of the situation ・After depositing, I traded as shown in the attached image and requested a withdrawal of 522,398 yen. ・Initially, I received an email confirming the withdrawal, but after 5 days passed without receiving the funds and being unable to access MT5, I contacted support and the withdrawal was suddenly canceled. ・I was unilaterally notified of a "violation of the bonus policy" and my account was frozen. ・As I had not done anything of the sort and had no recollection of any violations, I requested a specific explanation of the violation and evidence, but all requests were denied. ・I was informed unilaterally via LINE that "this is the final decision within the company, so no objections or disclosure of evidence will be entertained." Initially, even after contacting support multiple times, I stopped receiving any responses‼️ Additionally, only the deposit amount has been returned, and I have requested a withdrawal, but the funds have not yet been transferred to my bank account! Everyone, please be cautious! They have no intention of allowing withdrawals here at all, so everyone, please be cautious. I believe they will definitely not process withdrawals for slightly larger amounts.

FXdaisuki_boko
2025-06-06 17:48
Swift Trader · Company summary
Swift Trader Review Summary
Founded2010
Registered Country/RegionComoros
RegulationMISA (Offshore regulated), ASIC
Market InstrumentsForex, Commodities, Metals, Indices, Cryptocurrencies
Demo Account
SpreadFrom 2 pips (Standard account)
LeverageUp to 2000x
Trading PlatformMT5
Minimum DepositUSD 10
Customer SupportContact ticket, live chat, FAQ
Email: info@swifttrader.com; Support: support@swifttrader.com
Registered address: Bonovo Road – Fomboni Island of Mohéli – Comoros Union
Restricted RegionsAfghanistan, Australia, Belarus, Bosnia and Herzegovina, Burma (Myanmar), Central African Republic, Democratic Republic of Congo, Eritrea, Iran, Iraq, Lebanon, Libya, North Korea, Somalia, South Sudan, Sudan, Syria, Yemen, Zimbabwe, St. Vincent & the Grenadines, USA.

Swift Trader Information

Swift Trader was registered in Comoros Union and claims to have more than 50 years industry experience in finance. Nowadays, it mainly focuses on trading services in forex, commodities, indices, cryptocurrencies. It offers the industry-leading MetaTrader 5 platforms to enhance customer trading experience.

A demo account is available for practicing, with tight spread from 0 pips for live accounts. And the broker implements fund segregation to separate client funds from their operational accounts.

In addition, educational resources are also provided to equip investors with necessary knowledge and skills for successful trading.

The good thing is that the company is regulated by MISA and ASIC, which means its financial activities are strictly watched by these authorities, to some extent guarantees a certain level of customer protection. However, you should be cautious because the MISA regulation is offshore only.

Swift Trader's homepage

Pros and Cons

Pros Cons
ASIC regulatedOffshore MISA regulation
MT5 platform
Demo accounts
Fund segregation
No deposit fees
Rich educational resources
Affordable minimum deposit

Is Swift Trader Legit?

Swift Trader is currently being well regulated by MISA (Mwali International Services Authority), Australia Securities & Investment Commission (ASIC), with license no. T2023364 and 001313975 respectively.

However, one fact that you should not neglect is that the MISA regulation is offshore only, which indicates less grasp by the authority.

Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
MISA RegulatedSwift Trader LtdRetail Forex LicenseT2023364
ASICOffshore RegulatedSWIFTTRADERAU PTY LTDAppointed Representative (AR)001313975
Regulated by MISA

Regulated by ASIC

What Can I Trade on Swift Trader?
Trading InstrumentsSupported
Forex
Commodities
Metals
Indices
Cryptocurrencies
Stocks
Bonds
Options
ETFs

What Can I Trade on Swift Trader?

Account Type

To familiarize yourself before commiting actual trading, you can start with a demo account to practice your trading strategies.

While being confident enough to open a live account, you can go with four tiered accounts, with different trading conditions to suit for the needs of different client groups:

Account TypeMinimum Deposit Spread CommissionSuitable for
Standard USD 10From 2 pipsBeginners
Pro From 0.6 pipsProfessional traders
ECNFrom 0 pips$2.5 for forex; $7 for metals; 0.05% for cryptosScalping traders
VelocityFrom 1.2 pipsTraders want higher leverage
Bonus-X//Traders want bonus

For those who want additional margin without tying up their cash balance, the broker offers a unique Bonus-X account. Traders will receive a 150% first deposit bonus, 100% on future deposits, zero commission trading, and up to 1000:1 leverage.

You can enhance your trading power without increasing your financial risks. But bonus funds will act as extra margin, not cash, which means withdrawals remove your bonuses.

Account comparison
Bonus-X account

Leverage

While Swift Trader offers leverage up to 2000x, different maximum leverage applies for different account types:

Account TypeMaximum Leverage
Standard 1:1000
Pro
ECN
Velocity1:2000
Bonus-X1:1000

Traders should use leverage cautiously and choose the product that best suits their experience levels to avoid huge losses.

Trading Platform

Swift Trader claims to use the world renowned MetaTrader 5 platforms, which are well-recognized by its advanced charting tools and robust functionalities.

You can reach the platform on web, or download app from Windows, mobiles phones and Mac.

Trading PlatformSupported Available Devices Suitable for
MT5Web, mobile, Windows, MacExperienced traders
MT4/Beginners
MT5 platform

Deposit and Withdrawal

Swift Trader offers deposits and withdrawals in USD, JPY, and USDT via international/domestic bank transfer, Tether, and STICPAY.

Minimum deposits start from just 5 USDT or 50 JPY, with most methods processing in 0–15 minutes.

Withdrawals are freeon Swift Traders side but may incur bank or STICPAY fees.

Deposit and Withdrawal
Deposit and Withdrawal

User Reviews

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User comment

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FXdaisuki_boko
0-3months
SwiftTraderという業者を利用していたところ、ボーナス規約違反という理由で、アカウントの強制閉鎖・利益の全削除・出金拒否をされました。 ■ 状況の詳細 ・入金後に添付画像の様にトレードし、522398円の出金申請をしました。 ・初めは出金されるメールが届いていました、ですが、5日経っても入金されないのとMT5も見れなくされてしまいサポートに連絡した所、突然出金がキャンセルされました。 ・「ボーナスポリシー違反が確認された」と一方的に通知され、アカウントを凍結されました。 ・こちらは一切その様な事をしておらず身に覚えもないので、違反内容の具体的説明・証拠提示を求めましたが、すべて拒否されました。 ・「社内の最終決定なので、異議申し立てや根拠の開示には一切応じられない」とLINEで一方的に対応されました。 最初的にサポートの方も何度も連絡しても、連絡が返ってこなくなりました‼️また、入金分のみ返してきて出金申請しておりますが未だ銀行には振り込まれません!みなさん気をつけて下さい! ここは出金させる気が全くないのでみなさん気をつけて下さい。少し高額になると確実に出金させないと思います。
SwiftTraderという業者を利用していたところ、ボーナス規約違反という理由で、アカウントの強制閉鎖・利益の全削除・出金拒否をされました。 ■ 状況の詳細 ・入金後に添付画像の様にトレードし、522398円の出金申請をしました。 ・初めは出金されるメールが届いていました、ですが、5日経っても入金されないのとMT5も見れなくされてしまいサポートに連絡した所、突然出金がキャンセルされました。 ・「ボーナスポリシー違反が確認された」と一方的に通知され、アカウントを凍結されました。 ・こちらは一切その様な事をしておらず身に覚えもないので、違反内容の具体的説明・証拠提示を求めましたが、すべて拒否されました。 ・「社内の最終決定なので、異議申し立てや根拠の開示には一切応じられない」とLINEで一方的に対応されました。 最初的にサポートの方も何度も連絡しても、連絡が返ってこなくなりました‼️また、入金分のみ返してきて出金申請しておりますが未だ銀行には振り込まれません!みなさん気をつけて下さい! ここは出金させる気が全くないのでみなさん気をつけて下さい。少し高額になると確実に出金させないと思います。
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2025-06-06 17:48
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MatteoSwitzerland
3-6months
I submitted a withdrawal request for $17,518 USD on January 27, 2025, and as of today – nearly two months later – I have yet to receive the funds. I’ve attached screenshots from their portal and MetaTrader as evidence. Despite multiple attempts to contact them via email at jpsupport@swifttrader.com (see attached correspondence), I have received no response whatsoever. I also reached out via WhatsApp, but the replies are either automated (“We have received your message. We’ll get back to you as soon as we have an available agent.”) or completely ignored. At this point, it’s clear this platform is not operating in good faith. Stay away – this strongly appears to be a scam.
I submitted a withdrawal request for $17,518 USD on January 27, 2025, and as of today – nearly two months later – I have yet to receive the funds. I’ve attached screenshots from their portal and MetaTrader as evidence. Despite multiple attempts to contact them via email at jpsupport@swifttrader.com (see attached correspondence), I have received no response whatsoever. I also reached out via WhatsApp, but the replies are either automated (“We have received your message. We’ll get back to you as soon as we have an available agent.”) or completely ignored. At this point, it’s clear this platform is not operating in good faith. Stay away – this strongly appears to be a scam.
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2025-03-24 00:50
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