Home -

Main body -

WikiFX Express

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.

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.

Forex trading Forex news

Related broker

No Regulation

Swiftpivottrade

Company name：Swiftpivottrade

Score

1.44

Website：https://swiftpivottrade.com

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.44

Effective Stop Loss Trading Strategies

In a forex market where fundamental and technical factors impact the currency pair prices, volatility is expected. If the price volatility acts against the speculation made by traders, it can result in significant losses for them. This is where a stop-loss order comes to their rescue. It is one of the vital investment risk management tools that traders can use to limit potential downside as markets get volatile. Read on as we share its definition and several strategies you should consider to remain calm even as markets go crazy.

Original 2026-02-20 21:05

1Prime options Review: Examining Fund Scam & Trade Manipulation Allegations

Did you find trading with 1Prime options fraudulent? Were your funds scammed while trading on the broker’s platform? Did you witness unfair spreads and non-transparent fees on the platform? Was your forex trading account blocked by the broker despite successful verification? These are some issues that make the traders’ experience not-so memorable. In this 1Prime options review article, we have investigated the broker in light of several complaints. Keep reading!

Original 2026-02-20 20:02

EXTREDE Review (2026): A Complete Look at the Serious Warning Signs

This EXTREDE Review serves an important purpose: to examine the big differences between what the broker advertises and what we can actually prove. For any trader thinking about using this platform, the main question is about safety and whether it's legitimate. We will give you a clear answer right away. Our independent research, backed up by third-party information, shows that EXTREDE operates without proper regulation, creating a high-risk situation for all investors. The main focus of this investigation is the absolutely important need to check a broker's claims before investing. A broker's website is a marketing tool; it cannot replace doing your own research. The information that EXTREDE presents contains contradictions that every potential user must know about. A quick way to see these warnings gathered together is by checking the broker's live profile on verification platforms. For example, the EXTREDE page on WikiFX brings together regulatory status, user feedback and expert ri

Original 2026-02-20 18:22

NEWTON GLOBAL Deposit and Withdrawal Methods: A Complete 2026 Review

When traders look at a broker, they care most about how well its payment system works and what options it offers. You are probably looking for information about NEWTON GLOBAL deposit and withdrawal methods to see if they work for you. The broker says it has many modern payment options and promises fast processing times. However, a good review needs to look at more than just what it advertises. We need to check how safe your capital really is with this broker. One important factor that affects the safety of every transaction is whether the broker is properly regulated. Our research shows that NEWTON GLOBAL does not have any valid financial regulation from a trusted authority. This fact, along with a very low trust score, completely changes the situation. The question changes from "How can I withdraw?" to "Is it safe to invest here?" This background information is essential for protecting your capital.

Original 2026-02-20 17:30