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.

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.


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






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.

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.

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.


Mazi Finance is a trading company registered in Saint Lucia, an offshore location. Recently, it has received a lot of attention in the trading world. The company shows off many modern trading features, but when we look closer, we find many potential dangers. Before any trader thinks about opening an account, they need to understand the most important finding from our research: Mazi Finance does not have proper regulation. This single fact creates major warning signs about whether client capital is safe.

When you look for information about a forex broker, you often find a confusing mix of great reviews and serious warnings. This is especially true for Pemaxx, where traders have one main question: Is Pemaxx Safe or Scam? The internet has many different user experiences, making it hard to know what's true. This article won't give you a simple yes or no answer. Instead, we'll do an objective, fact-based study to help you make a smart choice. We'll look at the available information, focusing on real user reviews, common Pemaxx Complaints, and whether it follows proper regulations. By looking at patterns in both good and bad reports, we want to give you a clear picture of the risks and warning signs with this broker, helping you protect your capital.

The regulatory status of Pemaxx is a major concern for traders. When you search online, you can find the broker claiming to be regulated, but financial watchdog sites show serious warnings and user complaints. This creates a confusing and potentially risky situation for anyone considering an investment. The goal of this analysis is to clear up the confusion. We will examine the available information, explain the facts about the Pemaxx License status, and look at the risks for traders.

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