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.


Did IVY Markets deduct unfair fees from your deposit amount? Has your forex trading account been deleted by the broker on your withdrawal request? Failed to withdraw your funds after accepting the IVY Markets deposit bonus? Did the broker fail to address your trading queries, whether via email or phone? Such issues have been affecting many traders, who have expressed their displeasure about these on broker review platforms. In this IVY Markets review article, we have investigated some complaints. Keep reading to know the same.

Does Zenstox give you good trading experience initially and later scam you with seemingly illicit contracts? Were you asked to pay an illegitimate clearance fee to access fund withdrawals? Drowned financially with a plethora of open trades and manipulated execution? Did you have to open trades when requesting Zenstox fund withdrawals? You have allegedly been scammed, like many other traders by the Seychelles-based forex broker. In this Zenstox review article, we have investigated multiple complaints against the broker. Have a look!

Did your Smart Trader forex trading account grow substantially from your initial deposit? But did the forex broker not respond to your withdrawal request? Failed to open the Smart Trader MT4 trading platform due to constant login issues? Does the list of Smart Trader Tools not include the vital ones that help determine whether the reward is worth the risk involved? Have you witnessed illegitimate fee deduction by the broker? These issues have become too common for traders, with many of them criticizing the broker online. In this article, we have highlighted different complaints against the forex broker. Take a look!

Does trading on Investing24.com data cause you losses? Do you frequently encounter interface-related issues on the Investing24.com app? Did you witness an annual subscription charge at one point and see it non-existent upon checking your forex trading account? Did the app mislead you by charging fees for strong buy ratings and causing you losses? You are not alone! Traders frequently oppose Investing24.com for these and more issues. In this Investing24.com review article, we have examined many such complaints against the forex broker. Have a look!