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

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

Read more

WikiFX Elite Club Focus | Lance: Trust Is the Result of Long-Term Actions Accumulated Over Time

WikiFX Elite Club Focus is a monthly publication specially created by the WikiFX Club for its members. It highlights the key individuals, perspectives, and actions that are truly driving the forex industry toward greater transparency, professionalism, and sustainable development.

Original 2026-02-12 14:34

Diago Finance Exposure: Examining Withdrawal Denial & Fund Scam Complaints

Did you find a contrasting difference between Diago Finance’s deposit and withdrawal processes? Were deposits seamless, but withdrawals remained difficult? Did you fail to receive your funds despite paying extra fees? Did the Saint Lucia-based forex broker scam your hard-earned capital? You are not alone! Many traders have expressed concerns over the alleged illegitimate trading activities carried out by the broker. In this Diago Finance review article, we have investigated some complaints against the broker. Take a look!

Original 2026-02-11 21:50

FirewoodFX Review: Investigating Complaints Concerning Bonus & Withdrawals

Thinking about investing in FirewoodFX? Attracted by its no-deposit bonus offers? Stop for a while and evaluate many of the complaints concerning FirewoodFX bonus, verification, withdrawal denials, fund scams, etc. These alleged issues have grabbed significant traction on broker review platforms. In this FirewoodFX review article, we have investigated all of these allegations, shared bonus promotions claimed by the forex broker, and explained its regulatory status. Keep reading!

Original 2026-02-11 20:33

Wingo Markets Exposure: Alleged Profit Deletions and Forced Account Closures

Has Wingo Markets deducted all your profits from the trading platform? Did it illegitimately close your forex trading account and burn all your hard-earned capital? Have you been denied withdrawals all the time? Maybe your issues align with many of its clients who have reported these incidents online. In this Wingo review article, we will check out the complaints, the broker’s regulation status, and some other events it is linked to. Keep reading!

Original 2026-02-11 18:39

WikiFX Express

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

WikiFX Broker

octa

octa

Regulated
AVATRADE

AVATRADE

Regulated
Vantage

Vantage

Regulated
IC Markets Global

IC Markets Global

Regulated
VT Markets

VT Markets

Regulated
FXTM

FXTM

Regulated
octa

octa

Regulated
AVATRADE

AVATRADE

Regulated
Vantage

Vantage

Regulated
IC Markets Global

IC Markets Global

Regulated
VT Markets

VT Markets

Regulated
FXTM

FXTM

Regulated

WikiFX Broker

octa

octa

Regulated
AVATRADE

AVATRADE

Regulated
Vantage

Vantage

Regulated
IC Markets Global

IC Markets Global

Regulated
VT Markets

VT Markets

Regulated
FXTM

FXTM

Regulated
octa

octa

Regulated
AVATRADE

AVATRADE

Regulated
Vantage

Vantage

Regulated
IC Markets Global

IC Markets Global

Regulated
VT Markets

VT Markets

Regulated
FXTM

FXTM

Regulated

Latest News

Here are the five key takeaways from the January jobs report

WikiFX
2026-02-12 01:35

Is Alpari safe or scam? What You Need to Know

WikiFX
2026-02-11 17:45

Pemaxx Review: A Deep Look into Serious User Problems and Safety Concerns

WikiFX
2026-02-11 18:00

SkyLine Guide 2026 Thailand — Official Launch of the Judge Panel Formation!

WikiFX
2026-02-10 13:41

South Africa Macro: Mining Policy Risks Cloud GNU Economic Optimism

WikiFX
2026-02-10 12:50

Fed Balance Sheet Mechanics: The Silent Risk to Liquidity

WikiFX
2026-02-10 13:20

Gold Eclipses $5,070 as China Treasury Shift Hammers the Dollar

WikiFX
2026-02-10 13:10

'Takaichi Trade' Propels Nikkei to 57,000; Yuan Surges to Multi-Year High

WikiFX
2026-02-10 15:00

Gold Defends $5,000 Level as Geopolitical Tension Disrupts Risk Appetite

WikiFX
2026-02-10 14:50

Accountant Loses RM460,888 to PFOU Syndicate’s UVKXE App Crypto Scheme

WikiFX
2026-02-10 17:40

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

MJK-ahs

MJK-ahs

IFC

IFC

KoinFX Trade

KoinFX Trade

G. H. Financials

G. H. Financials

eFX markets

eFX markets

Phillip Capital

Phillip Capital

iq option

iq option

Akita

Akita

GE GROUP

GE GROUP

BelightFx

BelightFx