Swiftcryptrade Review – The Con Platform Lacks Transparency
Swiftcryptrade Review – The Con Platform Lacks Transparency

We strongly urge you to read our Swiftcryptrade Review instead of trusting the cutthroat tales the fraudulent website is offering. This analysis will show you why the platform is illicit and why you should steer clear of it.

After reading, you will be armed with the knowledge of identifying cyber thieves. If you have fallen victim to the unscrupulous Swiftcryptrade crypto scheme or the SimpleSwap fraud, we offer our professional assistance in the fund recovery process. 

Regulated by: Unregulated Scam Broker
Is This Company Safe? No, the platform is fraudulent
Known Websites: swiftcryptrade.com 
Have Warnings from: N/A
Registered in: N/A
Operating since: 2022-10-13
Trading Platforms: Web
Maximum Leverage: N/A
Minimum Deposit: 3,000 USD
Deposit Bonus: N/A
Trading Assets: Cryptocurrencies
Free Demo Account: Unavailable
How to Withdraw from This Company? Since this company is unlikely to return your money – contact your bank or financial regulator, or simply reach out to us for professional assistance in recovering your funds.

Legal Info: Is Swiftcryptrade Regulated?

Swiftcryptrade is virtually anonymous; there is no relevant information regarding the firm’s legal background, regulatory status, filings, address, etc. We checked the databases of some reputable authorities but did not find any such entity in them. 

Hence, the conclusion is that Swiftcryptrade is unlicensed. The broker seriously breaches laws by operating without regulatory oversight. Consequently, investors face the risk of losing their funds under dubious circumstances. 

Selecting a regulated financial service provider is crucial to protect your funds. We advise you to choose companies that are controlled by esteemed financial authorities, including the FCA (UK), ESMA (Europe), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), JFSA (Japan), MAS (Singapore), and others.

Regulated brokers follow strict guidelines and provide safeguards such as negative balance protection, segregation of client funds in top-tier banks, and compensation plans to mitigate potential losses.

Who Are Swiftcryptrade’s Targets?

According to godaddy.com/whois, the swiftcryptrade.com website domain was created on October 13, 2022. Since then, the financial swindler has been targeting mainly unsuspecting traders and investors who reside in the following countries:

  • United States;
  • Canada.

Both countries feature rigorous market watchdogs, known for their strict regulations and meticulous supervision of financial markets. Their respective regulators’ goal is to prevent unauthorized entities such as Everrise Brokers from running fraudulent schemes.

One common rule says that each financial market participant must obtain the necessary permit to operate. To reiterate, Swiftcryptrade has no license, meaning the broker directly violates North American regulations.

Trader Reviews – Sharing Experiences

There are virtually no Swiftcryptrade reviews on popular forums such as Trustpilot or Sitejabber, only a Reddit thread that blacklists the broker. The lack of user feedback further does the broker’s reputation no favors.

Swiftcryptrade’s website got flagged as a scam 17 times on webparanoid.com. We assume the cybercriminals behind the platform appear to target potential victims via various social media platforms or by running shady marketing campaigns. 

Therefore, we strongly stand against sharing personal information with suspicious profiles. It is crucial to filter honest user reviews concerning a specific provider to determine whether the business is the real deal. Stay vigilant and exercise caution to protect yourself and your financial assets.

Which Trading Platforms Are Available?

The available trading platform is an oversimplified web terminal supporting the trading of popular cryptocurrencies such as Bitcoin and Ethereum. However, it lacks advanced tools. The whole concept of a highly successful trading bot for just 200 USD is a ruse to get traders’ attention.

Given the provider’s anonymous nature, it’s likely that the platform is being manipulated to display fake profits and thus deceive users.

For a more comprehensive trading experience, we strongly advise opting for a licensed provider that incorporates reputable third-party software such as MetaTrader 4, MetaTrader 5, or cTrader.

MT platforms support advanced features such as automated & algorithmic trading, sophisticated charting, real-time market reports, API integration, 20+ timeframes, Expert Advisors (EAs), and instant order execution. Just make sure your provider is licensed to offer such services.

Swiftcryptrade Account Types

Account Type Starter Silver Gold
Minimum Deposit 3,000 USD 10,000 USD 50,000 USD
Maximum Leverage N/A N/A N/A
Duration 7 days 7 days 7 days

Shady Affiliate Program 

The Swiftcryptrade affiliate program is presented as an opportunity for users to earn lucrative rewards by inviting friends. Upon registration, participants receive a unique affiliate link in their accounts. 

The program provides real-time commissions of 20% from partners’ profits, distributed across three levels: 20% for level 1.5% for level 2, and 3% for level 3. Rewards are granted when partners generate profits from automated orders, with the Swiftcryptrade bonus credited in the order currency. 

Considering the heavy focus on recruitment, the above-mentioned concept is reminiscent of a Ponzi scheme, a fraudulent system reliant on using money from new members to pay earlier investors. Such schemes ultimately collapse and the scammers running it vanish with the loot. Therefore, it is crucial not to drag your loved ones into such a mess.

Trading Conditions

Trading conditions were not disclosed. It is unknown whether the broker supports leverage trading and if so, how high can the leverage be set. Furthermore, the costs of trading and depositing & withdrawing funds are a mystery.

The lack of transparency is alarming at this point. Nevertheless, it is obvious that the crooks operating the rigged platform are after your initial deposit and nothing else. They do not care about what happens after they embezzle your money.

Deposit and Withdrawal Process

The minimum deposit is 3,000 USD, significantly higher than the industry’s average. Risking such money is not worth it. It seems the broker accepts exclusively crypto deposits. Fraudsters prefer cryptocurrency payments because they are challenging to trace and reverse, enabling them to operate with anonymity. 

Judging by what we’ve analyzed so far, you are unlikely to receive customer support in case of withdrawal issues. Reversing crypto payments is more complex and requires the usage of sophisticated software. Luckily for you, our team can help you out with both methods.

Key Facts To Consider About Swiftcryptrade

Swiftcryptrade is an anonymous crypto trading scam targeting American and Canadian traders. We do not recommend this platform mainly because it is not regulated or approved by a reputable financial authority. 

In case you have lost money to the Swiftcryptrade scam, you must seek our professional help to recover your funds! A chargeback is your best option.

Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the fund recovery process and assist you every step of the way.

Book your free consultation here and start the chargeback process.

FAQ Section

What is Swiftcryptrade?

An anonymous crypto fraud platform with no license or transparent legal background. Avoid it at all costs.

Is Swiftcryptrade a Legit Crypto Broker?

No, the fake broker is operating without a regulatory license or approval. Do not buy crypto here!

What is CipherTrace?

A software used to trace crypto transactions. Our team utilizes this solution to get clients their money back.


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