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Score
Comoros
Regulated in Comoros
Retail Forex License
MT5 Full License
Regional Brokers
Medium potential risk
Offshore Regulated
Influence
Add brokers
Comparison
Quantity 2
Exposure
Score
Regulatory Index5.87
Business Index5.41
Risk Management Index8.90
Software Index8.21
License Index5.87
Single Core
1G
40G
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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
Expose
Swift Trader Review Summary | |
Founded | 2010 |
Registered Country/Region | Comoros |
Regulation | MISA (Offshore regulated), ASIC |
Market Instruments | Forex, Commodities, Metals, Indices, Cryptocurrencies |
Demo Account | ✅ |
Spread | From 2 pips (Standard account) |
Leverage | Up to 2000x |
Trading Platform | MT5 |
Minimum Deposit | USD 10 |
Customer Support | Contact ticket, live chat, FAQ |
Email: info@swifttrader.com; Support: support@swifttrader.com | |
Registered address: Bonovo Road – Fomboni Island of Mohéli – Comoros Union | |
Restricted Regions | Afghanistan, 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 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.
Pros | Cons |
ASIC regulated | Offshore MISA regulation |
MT5 platform | |
Demo accounts | |
Fund segregation | |
No deposit fees | |
Rich educational resources | |
Affordable minimum deposit |
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 Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
![]() | MISA | Regulated | Swift Trader Ltd | Retail Forex License | T2023364 |
![]() | ASIC | Offshore Regulated | SWIFTTRADERAU PTY LTD | Appointed Representative (AR) | 001313975 |
Trading Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Metals | ✔ |
Indices | ✔ |
Cryptocurrencies | ✔ |
Stocks | ❌ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
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 Type | Minimum Deposit | Spread | Commission | Suitable for |
Standard | USD 10 | From 2 pips | ❌ | Beginners |
Pro | From 0.6 pips | ❌ | Professional traders | |
ECN | From 0 pips | $2.5 for forex; $7 for metals; 0.05% for cryptos | Scalping traders | |
Velocity | From 1.2 pips | ❌ | Traders 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.
While Swift Trader offers leverage up to 2000x, different maximum leverage applies for different account types:
Account Type | Maximum Leverage |
Standard | 1:1000 |
Pro | |
ECN | |
Velocity | 1:2000 |
Bonus-X | 1:1000 |
Traders should use leverage cautiously and choose the product that best suits their experience levels to avoid huge losses.
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 Platform | Supported | Available Devices | Suitable for |
MT5 | ✔ | Web, mobile, Windows, Mac | Experienced traders |
MT4 | ❌ | / | Beginners |
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.
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