SWKInvest Review – Anonymous Broker With Zero Transparency
SWKInvest broker is one of those that are hiding practically everything. Yet, they expect you to trust them and invest money. But their only trick is pressure and hard sales.
To learn how to avoid those dirty tricks, read this SWKInvest review carefully.
|Regulated By:||No Regulations|
|Is This Company Safe?||No|
|Have Warnings From:||BaFin, FMA, CBR|
|Deposit Bonus:||10% welcome bonus|
|Trading Assets:||Forex, Indices, Commodities, Shares, Cryptos|
|Free Demo Account:||Not Available|
|How To Withdraw From This Company?||After a warning from multiple regulators, you can forget about legitimate withdrawal. Instead, you can apply for alternative refund options. Book your meeting with our experts now.|
Legal Info: Is SWKInvest Legit Or A Scam?
SWKInvest broker is far from legit. If you take a look at the swkinvest.com website, you quickly realize they are not revealing anything important. Primarily, ownership and license information.
But we checked anyway for licenses in Tier 1 regulator databases, such as BaFin, FCA and ASIC. However, instead of a regulatory approval, we found multiple warnings. In the first place, these were issued by German BaFin and Austrian FMA.
Who Are SWKInvest’s Clients?
According to who.is, this website has been active since March 2023. Luckily, the broker is already exposed. Yet, some traders have already become their victims. Mainly ones from:
Let us hear about your experience with this broker. Also, don’t hesitate to contact us directly for refund advice.
Investment Costs With SWKInvest
Important to realize is that SWKInvest doesn’t reveal any trading costs, except for the contract commission of $0.65. Besides, neither are fees, spreads or commissions known with them. The only thing potentially real is the leverage of up to 1:500.
However, such high leverage without negative balance protection is extremely risky. That’s why European regulators allow a maximum of 1:30.
With SWKInvest broker, you can also get a 10% credit bonus. Just bear in mind that it’s a trick to get you to open a crypto wallet, because those 10% allegedly go there. Ultimately, they have a very easy option to steal money from you.
SWKInvest Trading Features
This broker promotes all the advanced trading features. In fact, there are ones that you can indeed use with cTrader or MetaTrader. Examples include Expert Advisors, automated trading, and advanced analytical tools. However, the company is hiding its software because it’s most likely a plain web trader.
Available Trading Assets
According to the company, they are offering all 5 major instrument classes. But without insight into the platform, it’s hard to confirm that. In any case, potential options are:
- Forex – USD/GBP, AUD/HKD
- Commodities – natural gas, silver
- Indices – DAX30, FTSE100
- Shares – IBM, Tesla
- Cryptos – BTC, ETH
SWKInvest clients can choose between 3 account types. But a higher deposit only brings you riskier trading conditions. To be fair, also some support and educational features. Most likely fake. Anyway, the options are:
- Starter – $250
- Basic – $14.000
- VIP – $50.000
Mobile Trading App
Mobile apps for iOS and Android users are not available with this broker. This is primarily because they are not using any reliable third-party technology. Therefore, you can expect various manipulations, especially while using mobile devices.
Another key feature, especially for beginners, is a demo account. It can show you all the tools and help you practice before you invest any money. On the other hand, SWKInvest doesn’t think that’s relevant for their clients.
In fact, this broker offers trading lessons and trading signals. However, everything might be completely fake, like the whole company. Therefore, we suggest you find a licensed broker to educate you about trading properly. But FxxTrader is also not one of those.
Without a withdrawal policy, you can only expect problems. But also because the broker promotes crypto transfers as the safest option. Yet, once you send them crypto, money is gone.
The company doesn’t reveal processing time or fees either. But if you hear about any fees, know that’s a way to extort more money from you.
Another warning sign is that the company only has one contact option, at least for new clients. That is a web form. But for existent clients, they might offer encrypted contact options like Telegram or WhatsApp.
You should definitely not expect something that would expose their real location. Therefore, we encourage you to read our LQDFX review to learn more ways to protect yourself.
Key Information To Consider About SWKInvest?
Primarily, the broker is not regulated anywhere. Neither are they revealing their ownership or location details. After all, their trading conditions are suspicious. Even without those warnings from regulators, you can see they are scam broker.
But if you were somehow their victim, don’t lose hope. Our refund specialists can guide you step-by-step through the refund procedure. You can book a free first consultation and then decide if you want to proceed or not. Contact us today!
What Is SWKInvest?
SWKInvest is an anonymous scam broker without any transparency or regulations but with warnings from BaFin and FMA.
Is SWKInvest Trustworthy?
Absolutely not. The company is hiding many key details. With this in mind, you can expect withdrawal problems and if that happens contact our refund team immediately.
What Are The Account Types In SWKInvest?
The company offers 3 different account types with fictive benefits. Those are starter, basic and VIP accounts.