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Swift Pivot Trade Forces Software Purchase to Get Withdrawals

WikiFX | 2022-08-23 18:00

Abstract:Have you ever heard of a special software that you have to purchase from your forex broker just to get your withdrawals approved? This is another day that WikiFX heard of a new scam strategy that a forex broker imposes on its clients.

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Swift Pivot Trade (SPT) is a forex broker that is established in America last year. It is a brokerage firm that provides the trading of currencies, indices, commodities, and stocks. Its official website is https://swiftpivottrade.com/.

This is the first Exposure article that WikiFX has ever received in relation to SPT. It was submitted by a victim named Philisiwe from South Africa.

A little background of her story:

She was approached by a lady named Elizabeth on a social media platform named Ti***k who told her that depositing money with SPT could bring her passive and guaranteed profits. However, when she saw that her account was growing with profits, she requested to withdraw her funds. She was turned down and was told that she needed to purchase a special software that allows the withdrawal to be directly credited into her bank account. After she purchased that software, she still could not withdraw a cent up to this day.

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Below are the screenshots provided by Philisiwe that outline the process of her being scammed by SPT and Elizabeth on Whatsapp:

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Upon checking WikiFXs free database, we have found that SPT is a forex broker that has less than 1.0 Wikiscore. It is new, does not have any regulatory status, and does not hold a valid license to support its operation.

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On the other hand, in one of the emails that the Philisiwe received from SPT, it could be possible that SPT is the predecessor of Epic Option Trading, that is also a forex broker from the United States that is neither regulated nor carries a valid license.

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WikiFX sincerely advises our users to download our free mobile app for your personal benefit and only choose forex brokers that have at least a WikiScore of 7.0 to be safe than sorry.

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Related broker

No Regulation
Swiftpivottrade
Company name:Swiftpivottrade
Score
1.45
Website:https://swiftpivottrade.com
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.45

Read more

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DOMINION MARKETS, a Mauritius-based forex broker, claims to have a clientele base of over 50,000 investors leveraging trading across several trading instruments. You may be one of its clients wanting to dig further into its profile, including the trading conditions. Or you may be looking to join its trading platform for the first time. Regardless of your trading status with the broker, you need to give a thorough look at this DOMINION MARKETS review. The review explains the trading conditions on offer, the account types, and provides an overview of user reports.

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Facing issues when withdrawing funds from AC MARKETS, a US-based forex broker? Were you asked to pay a fee when seeking withdrawals? Closed your positions after earning profits, but your account fell short of the required amount by a significant margin? Did you face issues concerning wide spreads? In this AC MARKETS review article, we have investigated these complaints against the broker. Read on as we examine each complaint.

Original 2026-03-23 21:55

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GODO, a Mauritius-based forex broker, is gaining attention from users worldwide for the various products and services it offers to them. According to the broker’s official website, it attributes the decision and success to making trading go beyond a service to becoming an exceptional experience for clients. So, if you are already its customer or are planning to become one, here is the comprehensive GODO review you must read. The review will take you through different account types, trading conditions and user reports.

Original 2026-03-23 19:43

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