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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

Not Regulated
Swiftpivottrade
Company name:Swiftpivottrade
Score
1.45
Website:https://swiftpivottrade.com
2-5 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk
Score
1.45

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You are here because you are asking an important question: Is Land Prime legit, or is it a scam? This broker, which used to be called Land-FX, has been running for years. The fact that it has been around for a long time but also has received some complaints from users. You need a clear answer based on facts to decide if this is a trustworthy trading partner or a place where you could lose your capital. This article provides a complete check of whether this broker is legitimate. Our goal is to look beyond marketing claims and personal opinions by doing a thorough investigation based on public information, regulatory records, and most importantly, real user experiences. We will examine the broker's regulatory status, business history, and the pattern of complaints filed against it. To build credibility and provide evidence you can verify, this analysis heavily uses data from third-party platforms, such as WikiFX, which specializes in tracking broker performance, regulatory status, and u

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