Swift Trader

Swift Trader Information

Swift Trader was registered in Comoros Union and claims to have more than 50 years industry experience in finance. Nowadays, it mainly focuses on trading services in forex, commodities, indices, cryptocurrencies. It offers the industry-leading MetaTrader 5 platforms to enhance customer trading experience.

A demo account is available for practicing, with tight spread from 0 pips for live accounts. And the broker implements fund segregation to separate client funds from their operational accounts.

In addition, educational resources are also provided to equip investors with necessary knowledge and skills for successful trading.

The good thing is that the company is regulated by MISA and ASIC, which means its financial activities are strictly watched by these authorities, to some extent guarantees a certain level of customer protection. However, you should be cautious because the MISA regulation is offshore only.

Pros and Cons

Is Swift Trader Legit?

Swift Trader is currently being well regulated by MISA (Mwali International Services Authority), Australia Securities & Investment Commission (ASIC), with license no. T2023364 and 001313975 respectively.

However, one fact that you should not neglect is that the MISA regulation is offshore only, which indicates less grasp by the authority.

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	MISA	Regulated	Swift Trader Ltd	Retail Forex License	T2023364
	ASIC	Offshore Regulated	SWIFTTRADERAU PTY LTD	Appointed Representative (AR)	001313975

Account Type

To familiarize yourself before commiting actual trading, you can start with a demo account to practice your trading strategies.

While being confident enough to open a live account, you can go with four tiered accounts, with different trading conditions to suit for the needs of different client groups:

For those who want additional margin without tying up their cash balance, the broker offers a unique Bonus-X account. Traders will receive a 150% first deposit bonus, 100% on future deposits, zero commission trading, and up to 1000:1 leverage.

You can enhance your trading power without increasing your financial risks. But bonus funds will act as extra margin, not cash, which means withdrawals remove your bonuses.

Leverage

While Swift Trader offers leverage up to 2000x, different maximum leverage applies for different account types:

Traders should use leverage cautiously and choose the product that best suits their experience levels to avoid huge losses.

Trading Platform

Swift Trader claims to use the world renowned MetaTrader 5 platforms, which are well-recognized by its advanced charting tools and robust functionalities.

You can reach the platform on web, or download app from Windows, mobiles phones and Mac.

Deposit and Withdrawal

Swift Trader offers deposits and withdrawals in USD, JPY, and USDT via international/domestic bank transfer, Tether, and STICPAY.

Minimum deposits start from just 5 USDT or 50 JPY, with most methods processing in 0–15 minutes.

Withdrawals are freeon Swift Traders side but may incur bank or STICPAY fees.