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• Our Review Method

• Is SwiftCFD Scam or Legit Broker?

• What is SwiftCFD?

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding SwiftCFD due to the issues we've identified.

Is SwiftCFD Scam or Legit Broker? ▲

Engaging with SwiftCFD for trading activities is not advisable. SwiftCFD falls under the ownership of Digital Enterprise Ltd., a corporation established in the notorious offshore zone of the Marshall Islands. The Marshall Islands are infamous for their lax regulatory environment concerning forex trading, making it a haven for dubious forex entities such as YFX Capital and Pinprotrade, among others. This lack of stringent regulation and oversight raises significant concerns about the safety of investments made through SwiftCFD.

• About SwiftCFD

• Registered in: Marshall Islands

• Type of License: Offshore License

• Is SwiftCFD safe to trade: No

• Recommended Licenses: FCA in UK & ASIC in Australia

What is SwiftCFD? ▲

SwiftCFD positions itself as a forward-thinking trading entity, offering clients a simplified and intuitive platform for trading across major financial markets, including Forex, Commodities, Indices, and Stocks. Another corporate entity, Digital Worldwide OU, registered in Estonia, stands behind SwiftCFD's brand. Nonetheless, this entity lacks authorization from the Financial Supervision Authority of Estonia, making its operations questionable.

Moreover, SwiftCFD shares a connection with another brand, RoyalCFDs, previously reviewed and subsequently banned by the UK's Financial Conduct Authority in October 2018. The similarity in website interfaces between RoyalCFDs and SwiftCFD, alongside their shared operational styles, led to SwiftCFD also being blacklisted. The UK regulator highlighted that SwiftCFD, as a trading style of Digital Worldwide OU, lacks the necessary authorization for conducting regulated activities within the UK.

Conclusion ▲

It is in the best interest of investors and traders to steer clear of SwiftCFD and any other associated brands of Digital Worldwide OU. For those seeking a reliable trading partner, it is advisable to consider well-regulated brokers, such as those holding licenses from the FCA in the UK or ASIC in Australia.

SwiftCFD Update

Our investigations have uncovered that SwiftCFD's website is currently inactive, indicating a cessation of its trading services. Despite this, we urge caution and advise against engaging with any proposals that may emerge from this broker in the future.