Is Swift Option a Scam?
Can SwiftOption be Trusted or is it a Scam?
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Withdrawal & Demo Account at SwiftOption – See Below!Read Full Review
|Official Website URL||www.swiftoption.com|
|Minimum 1st Deposit||$100|
|Minimum Trade Amount||$10|
|Free Demo Account|
|Deposit & Withdrawal Methods||Credit/Debit Card, Bank Wire|
|Number of Assets||130+|
SwiftOption Full Software Review
There are very few stable and secure things in the online financial industry. Automated trading solutions come and go and the same goes for some Forex brokers. Even if they were regulated by an authorized body like CySEC or MiFID at one point, things can always begin to deteriorate. This is the main reason why it is good to revise all the reasons why you have gotten started with a particular brokerage or system from time to time. The Forex broker that we will pay close attention to in the present review is called Swift Options.
It was started up by a dozen of experienced investors who come from different trading fields. The common thing between them is that all of them have operated in the online financial field. They were originally licensed by the Seychelles Securities and Exchange Commission under company Green Galaxy International S. A. with license number 117556. The platform started up pretty good but has since begun to disappoint users. So, what is the final verdict? Is it scam or legit?
Swift Option Broker – Is it Reliable or Scam?
The conducted thorough and in-depth investigation of this online brokerage platform suggests that its performance have not been very promising. Its official website is constantly on and off again and users never know if they will be able to carry out an investment from start to finish without a problem. This is actually quite the big issue. If the trading process is not ensured, then how could anyone proceed to open an account?
Due to the instability of its investment platform and the numerous user reports about problems with the Forex broker, there is some existing chance that it is a scam. While it is regulated and has been doing okay in the previous months, this can not be stated 100% certainty for the time being. Traders, however, must remain weary and cautious when proceeding to open an account with it.
SwiftOption Forex Broker – Investment Platform
Upon release, SwiftOption was advertised as equally suitable for beginners and seasoned traders. Recent user reports instigated a follow-up check of the investment platform it utilizes and the results are not as positive as they were before. The Forex broker is powered by Tradologic. Anyone who decides to get started with the profit amplifying solution will be granted a clear view of assets’ prices, but the instability of the software makes it highly unreliable.
The number of tradable assets, on the other hand, stays the same and its volume is quite big. There are over 200 of them, as well as 138 Forex pairs and 142 stocks. The available options are also a lot:Digital, Touch, Range, Turbo, One Touch and Advanced. Users also are presented with 5 Ticks from which to choose. Too bad the platform is on and off all the time.
The fact that the investment platform utilized by a particular Forex broker can not be relied on for a continuous period time means that it will most likely disappear from the online financial sphere for good. Unfortunately, this is how the scenario plays out in most cases.
Swift Option – Education Center
This Forex broker has its very own virtual Trading Academy. The said features numerous lectures, video tutorials and articles on different investment topics. Live Webinars with prominent financial experts are also organized, but not on a regular basis. There is also an Ebook available and users are obliged to have an active account with the brokerage in order to download and read it.
All in all, Swift Option’s digital Education Center is considered to be good. Traders should have in mind, though, that they will not always be able to reach it.
SwiftOption Brokerage – Customer Support
The Forex broker platform is available in English and Russian and so is the customer support service. The Slavic language one, however, is not always reachable around the clock. There is also no telephone number through which users can reach a SwiftOption team member. If concerns are not pending an immediate response, traders can opt to send them an email in which the problem or question at hand is handled.
SwiftOption – Deposit & Withdrawal Methods
There are many ways through which you can deposit investments with the Forex broker: credit and debit card transfers, Skrill, POLi, Neteller and many others. They process I instant and your funds are received by the brokerage straight away. Withdrawals are processed within 3 business days and users are required to fill out a request form and apply a copy of a personal ID.
The SwiftOption Forex broker had a very stable performance rate in the last couple of months. It had high payouts and solid delivery of the provided services. However, its investment platform has been creating a lot of problems to online users being offline and then back on again, thus – losing people their entire deposits and ruining their trading experience. There are not enough facts to prove that the brokerage is scam, but it would be best if you choose a more safe and secure one to utilize as an income generating solution.