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

ITB Review: Top Reasons Why Traders Say NO to This Trading Platform

Finding it hard to withdraw profits from the ITB forex trading platform? Complying with the ITB no deposit bonus norms, but finding a NIL forex trading account balance upon withdrawal? Contacting the broker’s support officials, but not receiving any help from them? You are not alone! There are many such complaints against the Saint Lucia-based forex broker. In this ITB broker review article, we have highlighted some of these complaints. Take a look!

Original 2025-12-02 19:02

Scam Alert: 8,500 People Duped with Fake 8% Monthly Return Promises from Forex and Stock Investments

In a major revelation, the Economic Intelligence Unit of the Police Economic Offices Wing (EOW) is overseeing a cheating case where around 8,500 people were scammed in the name of 7-8% monthly return promises from forex and stock investments. While inquiring about the investment scheme, the Enforcement Directorate (ED), Surat, confiscated illegal cash worth INR 1.33 crore, foreign currency worth INR 3 lakh, and digital proof related to fraudulent transactions.

Original 2025-12-02 17:12

Long Position vs Short Position in Forex Trading: Know the Differences

When investing through forex, you often come across terms such as long position and short position. You may wonder what these two mean and how they impact your trading experience. So, the key lies in understanding the very crux of this forex trading aspect, as one wrong step can put you behind in your trading journey. Keeping these things in mind, we have prepared a guide to long position vs short position forex trading. Keep reading!

Original 2025-12-02 17:06

RM1.3Mil Gone in Days: JB Kinder Boss Falls for Online “Investment”

A Johor Baru kindergarten owner lost her life savings of RM1.3 million to a non-existent online investment scheme after responding to a social media ad promising returns of up to 41%. Between Nov 6–21, she made multiple transfers to several accounts and was later pressured to “add funds” to release profits that never materialised. She lodged a police report on Nov 28; the case is being probed under Section 420 (cheating).

Industry 2025-12-02 16:50

WikiFX Express

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

WikiFX Broker

Plus500

Plus500

Regulated
FXCM

FXCM

Regulated
TMGM

TMGM

Regulated
AVATRADE

AVATRADE

Regulated
GTCFX

GTCFX

Regulated
Vantage

Vantage

Regulated
Plus500

Plus500

Regulated
FXCM

FXCM

Regulated
TMGM

TMGM

Regulated
AVATRADE

AVATRADE

Regulated
GTCFX

GTCFX

Regulated
Vantage

Vantage

Regulated

WikiFX Broker

Plus500

Plus500

Regulated
FXCM

FXCM

Regulated
TMGM

TMGM

Regulated
AVATRADE

AVATRADE

Regulated
GTCFX

GTCFX

Regulated
Vantage

Vantage

Regulated
Plus500

Plus500

Regulated
FXCM

FXCM

Regulated
TMGM

TMGM

Regulated
AVATRADE

AVATRADE

Regulated
GTCFX

GTCFX

Regulated
Vantage

Vantage

Regulated

Latest News

Absolute Markets 2025: Is It Scam or Safe? Suitable for Traders in Pakistan?

WikiFX
2025-12-01 18:14

Offshore Forex Brokers Ramp Up Expansion in Vietnam as Authorities Crack Down on Scams

WikiFX
2025-12-01 16:33

'Worse Than COVID': Weak US Manufacturing Surveys Signal Stagflation In November

WikiFX
2025-12-01 18:08

Scam Alert: 8,500 People Duped with Fake 8% Monthly Return Promises from Forex and Stock Investments

WikiFX
2025-12-02 17:12

UK snack brand Graze to be sold to Jamie Laing\s Candy Kittens

WikiFX
2025-12-02 02:20

FTMO Completes Acquisition of Global CFDs Broker OANDA, Marking a Major Milestone

WikiFX
2025-12-02 15:47

ThinkMarkets Review: Why High Ratings Are Masking a "Withdrawal Black Hole"

WikiFX
2025-12-01 12:03

Delta Fx Review: Are Technical Glitches and Scam-Like Practices Draining Trader Profits?

WikiFX
2025-12-01 17:13

Deriv Review and Global Regulation Explained

WikiFX
2025-12-01 18:34

FXGROW Exposed: Complete Review & Customer Complaints Analysis

WikiFX
2025-12-01 20:54

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

BASE 2 GROWCOIN

BASE 2 GROWCOIN

ProBullTrade

ProBullTrade

TradeBotSphere

TradeBotSphere

Insight Profits

Insight Profits

ESSENTIALTRADE

ESSENTIALTRADE

EAZYTRADELTD

EAZYTRADELTD

TRUST Exchange Capital

TRUST Exchange Capital

NEXA WEALTH CAPITAL

NEXA WEALTH CAPITAL

GLOBAL WORLD CHAIN NETWORK

GLOBAL WORLD CHAIN NETWORK

forgecapitals

forgecapitals