Home -
Exposure -
Main body -

WikiFX Express

XM
FXTM
IC Markets Global
EC markets
FOREX.com
TMGM
HFM
Pepperstone
octa
SECURETRADE

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.

origin_img_v2_44ba941d-d7f8-47fe-94c2-14687f32645g.jpg

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.

image.png
image.png

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

image.png
image.png
image.png
image.png
image.png
image.png

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.

image.png

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.

image.png

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.

origin_img_v2_b6a0a739-7314-4a4f-8518-4f5b4044743g.jpg
Forex tradingForex news

Related broker

No Regulation
Swiftpivottrade
Company name:Swiftpivottrade
Score
1.43
Website:https://swiftpivottrade.com
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.43

Read more

umarkets Exposed: Explore Complaints on Fund Scams, Withdrawal Denials & Fund Transfer Issues

Does umarkets ask you to pay an additional fee for withdrawal access? Is your trading experience with umarkets full of losses?Struggling to transfer funds from your forex trading account? Have you had to face manipulated fees and reduced payouts? Does the customer support team fail to address your trading queries? These trading issues have become increasingly common for traders here. In this umarkets review article, we have shared multiple complaints against the broker. Take a look!

Original 2025-12-08 19:43

Trading Knowledge is Wealth! Take the Daily Quiz Challenge and Win 1,000 Points!

Dear astute traders and diligent knowledge-seekers, Do you aspire to gain insight ahead of market movements? Do you wish to transform every learning moment into tangible rewards? Now, your opportunity has arrived! WikiFX proudly presents the “Forex Knowledge Challenge” — a mental feast meticulously designed to enhance your trading core. No capital required, only wisdom is needed. Easily reap 1,000 points daily, allowing your knowledge and wealth to grow in sync!

Original 2025-12-08 17:38

Is Tauro Markets Safe? A 2025 Deep Look into Its Risks and Openness

When thinking about a new forex broker, the main question on any trader's mind is about security. This brings us to an important question: Is Tauro Markets a safe platform for your capital? This complete 2025 analysis aims to give a clear answer by breaking down the main parts of broker safety. We will do a thorough Tauro Markets safety evaluation, looking beyond surface marketing, to examine the facts. Our deep look will carefully examine the broker's most important safety foundations. We will start with its regulation, the essential foundation of trust. We will then look into its operational transparency, including the company structure behind the brand and how accessible its services are. Finally, we will check its trading conditions and funding processes to find any potential warning signs that could affect your financial security. This fact-based review is designed to give you the information you need to make a smart decision.

Original 2025-12-08 17:26

Voices of the Golden Insight Award Jury | Jack H, Regional Manager of CBCX

WikiFX Golden Insight Award uniting industry forces to build a safe and healthy forex ecosystem, driving industry innovation and sustainable development, launches a new feature series — “Voices of the Golden Insight Awards Jury.” Through in-depth conversations with distinguished judges, this series explores the evolving landscape of the forex industry and the shared mission to promote innovation, ethics, and sustainability.

Original 2025-12-08 17:12

WikiFX Express

XM
FXTM
IC Markets Global
EC markets
FOREX.com
TMGM
HFM
Pepperstone
octa
SECURETRADE

WikiFX Broker

EBC

EBC

Regulated
TMGM

TMGM

Regulated
AVATRADE

AVATRADE

Regulated
FXCM

FXCM

Regulated
Ultima

Ultima

Regulated
JustMarkets

JustMarkets

Regulated
EBC

EBC

Regulated
TMGM

TMGM

Regulated
AVATRADE

AVATRADE

Regulated
FXCM

FXCM

Regulated
Ultima

Ultima

Regulated
JustMarkets

JustMarkets

Regulated

WikiFX Broker

EBC

EBC

Regulated
TMGM

TMGM

Regulated
AVATRADE

AVATRADE

Regulated
FXCM

FXCM

Regulated
Ultima

Ultima

Regulated
JustMarkets

JustMarkets

Regulated
EBC

EBC

Regulated
TMGM

TMGM

Regulated
AVATRADE

AVATRADE

Regulated
FXCM

FXCM

Regulated
Ultima

Ultima

Regulated
JustMarkets

JustMarkets

Regulated

Latest News

Is Tauro Markets Safe? A 2025 Deep Look into Its Risks and Openness

WikiFX
2025-12-08 17:26

QuickTrade Review: Multiple Reports of Account Freezes and Login Failures by Users

WikiFX
2025-12-08 17:08

The TikTok Scam That Cost a Retiree Nearly RM470,000

WikiFX
2025-12-08 17:31

The "Arbitrage" Accusation: How Winning Trades Turn Into Account Reviews at ACY Securities

WikiFX
2025-12-08 12:28

IC Markets Formula 1 Partnership Debuts at Abu Dhabi GP 2025

WikiFX
2025-12-08 18:11

Inside the BSN Scandal: Bank Officer Stole Over RM11 Million from Victims

WikiFX
2025-12-08 16:33

Is Capital.com Regulated? Full License Overview

WikiFX
2025-12-08 19:20

umarkets Exposed: Explore Complaints on Fund Scams, Withdrawal Denials & Fund Transfer Issues

WikiFX
2025-12-08 19:43

Nearly RM1mil Gone: The Investment Pitch She Should’ve Ignored

WikiFX
2025-12-08 10:22

【Inside the Elite Committee】 Talk with Lance

WikiFX
2025-12-08 10:33

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

NEWROCKWOOD

NEWROCKWOOD

MERCURY YATIRIM

MERCURY YATIRIM

VALLEY

VALLEY

Soumarvila

Soumarvila

Zenith Block

Zenith Block

PLEASING

PLEASING

Global tradefusion

Global tradefusion

SURE FOREX MARKET

SURE FOREX MARKET

CAPITAL GLOBAL FXTRADE

CAPITAL GLOBAL FXTRADE

FIXPIPOPTION

FIXPIPOPTION