Home -
Exposure -
Main body -

WikiFX Express

XM
FXTM
IC Markets Global
EC markets
TMGM
FOREX.com
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

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

Read more

Plus500 Review: Do Traders Face Issues Concerning Withdrawals and the Trading Platform?

Failed to withdraw funds from the Plus500 platform? Does the Israel-based forex broker give many excuses to deny withdrawals, such as imposing the minimum withdrawal amount restriction? Does the broker’s app fail constantly during the trading hours? These allegations have reportedly taken vicious shape on broker review platforms such as WikiFX. In this Plus500 review article, we have examined these allegations. Let’s begin!

Original 2026-04-21 23:54

Good News for Rupee Derivative Traders as RBI Lifts Curbs on Banks

In what would lift the mood of rupee derivative traders, the Reserve Bank of India (RBI) partially lifted some restrictions on rupee derivative trades imposed by the regulator on April 1, 2026. On this day, the central bank prevented banks from issuing non-deliverable forwards to clients and barred companies from reassessing forward contracts as part of its strategy to counter arbitrage trades, which caused fluctuations in the rupee’s exchange rate. The central bank further prevented banks from signing FX derivative contracts involving the rupee with their associated parties. Read on!

Original 2026-04-21 22:18

Exclusive Interview WikiFX April: Trader Becomes Victim of Alleged Forex Broker SixFX

Overview: A comprehensive investigation into the alleged scam case involving forex broker SixFX (Six Global Markets Ltd) in Indonesia. Explore an exclusive interview with an Indonesian victim, WikiFX’s review, and the latest user complaint evidence from 2026.

Original 2026-04-21 17:42

DUHANI Legitimacy Check: Is This a Fake Broker or a Legitimate Trading Partner?

When traders search for "Is DUHANI legit?" They are asking a more basic question: Is my capital safe with this broker? After carefully studying its regulatory status, business claims and real user feedback, the answer is concerning. DUHANI Capital shows multiple serious warning signs that are typical of a high-risk, unregulated broker. The purpose of this analysis is to provide a protective guide, helping you avoid potential financial harm.

Original 2026-04-21 15:38

WikiFX Express

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

WikiFX Broker

D prime

D prime

Domestic Regulation
AVATRADE

AVATRADE

Regulated
FXTM

FXTM

Regulated
GTCFX

GTCFX

Regulated
vantage

vantage

Regulated
HFM

HFM

Regulated
D prime

D prime

Domestic Regulation
AVATRADE

AVATRADE

Regulated
FXTM

FXTM

Regulated
GTCFX

GTCFX

Regulated
vantage

vantage

Regulated
HFM

HFM

Regulated

WikiFX Broker

D prime

D prime

Domestic Regulation
AVATRADE

AVATRADE

Regulated
FXTM

FXTM

Regulated
GTCFX

GTCFX

Regulated
vantage

vantage

Regulated
HFM

HFM

Regulated
D prime

D prime

Domestic Regulation
AVATRADE

AVATRADE

Regulated
FXTM

FXTM

Regulated
GTCFX

GTCFX

Regulated
vantage

vantage

Regulated
HFM

HFM

Regulated

Latest News

'Resumption of hostilities': seized ship, vessel attacks push U.S.-Iran ceasefire toward brink

WikiFX
2026-04-20 13:40

Anatomy of Currency Pairs: Why New Traders Start With EUR/USD

WikiFX
2026-04-20 14:55

XTB Fined PLN 20 Million by Polish Regulator Over CFD-Related Compliance Issues

WikiFX
2026-04-20 16:09

Daman Securities Regulation: Is It Safe or High Risk?

WikiFX
2026-04-20 15:54

PrimeWaveFX Review 2026 – Should You Trade With This Broker?

WikiFX
2026-04-20 16:07

SEB Regulation: Is SEB Licensed or High Risk?

WikiFX
2026-04-20 18:26

Plus500 Review: Do Traders Face Issues Concerning Withdrawals and the Trading Platform?

WikiFX
2026-04-21 23:54

Why Your Forex Trade Executed at the Wrong Price

WikiFX
2026-04-21 14:30

24markets Regulation: Is 24markets FSC Regulated?

WikiFX
2026-04-21 14:27

dbinvesting Review 2026: Is this Forex Broker Legit or a Scam?

WikiFX
2026-04-21 15:50

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Aure

Aure

OBEX

OBEX

MetaInvesting

MetaInvesting

Lear Capital

Lear Capital

Fortex

Fortex

Elite FX

Elite FX

FXOPTIMUS

FXOPTIMUS

Mega Equity

Mega Equity

Fake GMI

Fake GMI

Trading Score

Trading Score