Swiftcfd.com Review Is Swift CFD Scam or Should I Trust This Broker

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SwiftCFD Review – is it scam or safe?

Trading Accounts and Conditions

Trading account Min. deposit Min. trade size Max. leverage Spread
Regular $500 0.01 1:100 3 pips, fixed

Forex and CFD broker SwiftCFD offers a Regular trading account plus some Premium ones that require an initial investment of $10k and more. There are also swap-free accounts for clients of Islamic belief.

Overall, its trading conditions are not very attractive, but what bothers us most is the low level of credibility. Read on to get all the details.

SwiftCFD Advantages

Wide range of financial instruments, including cryptos

SwiftCFD’s product portfolio is quite rich and diversified. It includes many currency pairs, and various CFDs: on indices, commodities, stocks, and cryptocurrencies. The latter group features Bitcoin, ethereum, Ripple, Dash, Litecoin, Bitcoin Cash, Monero, Bitcoin Gold, Stellar Lumens, NEM, Waves, Tron, Golem, Lisk, Ada, SiaCoin, and more . These are traded against USD, EUR, GBP

Nonetheless, we would advise those of you who are into cryptocurrencies to select a more reliable broker. SwiftCFD is not regulated and not to be trusted.

SwiftCFD Disadvantages

Registered offshore and most likely a scam

SwiftCFD is another brand of Estonian company DIGITAL WORLDWIDE OU, whose official registration is on the notorious address Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960. The other brand of the company is RoyalCFDs – a forex and CFD brokerage that seems to have swindled a lot of investors out of their money, judging by the numerous complaints on our site and through the web. Here you may take a look at some of them:

In case you don’t believe these investors are telling the truth, you will probably trust governmental agencies. Two of them have explicitly blacklisted DIGITAL WORLDWIDE OU and its RoyalCFDs brand – the Estonian Financial Supervision Authority (EFSA), and the UK financial watchdog, the FCA.

Does not support the MT4

Although SwiftCFD claims to support the ever popular MetaTrader 4 (MT4) platform, it is in fact not available for use.

Instead, trading is done via the same web-based platform RoyalCFDs offers. Although this platform is not bad, it still lacks many of the advanced tools of the MT4. Most notably, SwiftCFD’s platform does not offer any automated trading options.

High cost of trading

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First of all, RoyalCFDs demands an initial deposit of $500, which is at least double the size of what most brokers require as a start. Second, although it claims to offer spreads as low as 0.6 pips on EUR/USD, in fact the spread for this pair is fixed at 3 pips.

Even for fixed spread standards, this is a high level. As a comparison, easyMarkets offers a 1 pip fixed spread on the most popular pair, to those clients who deposit more than $250.


SwiftCFD is another brand of the company behind RoyalCFDs. It has been blacklisted by several financial regulators, and the web is full of complaints against this broker. That is why we strongly advise you against dealing with SwiftCFD and any other brand DIGITAL WORLDWIDE might launch.

It is always best to deal only with properly regulated brokers and check the authenticity of their licenses in the registers of the respective financial authority or with us on forexbrokerz.com. Doing business with licensed brokers has a lot of advantages – they are obliged to follow a strict set of financial and ethical rules. Some of these include providing negative balance protection to their clients, keeping all of the invested capital segregated accounts, maintaining some minimum capital adequacy ratio, allowing external audits, filing regular reports and in certain cases even insuring traders’ money.

To sum up our review on SwiftCFD:

Pros Cons
Wide range of financial instruments, including cryptos Registered offshore and most likely a scam
MT4 not available
High cost of trading
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Swiftcfd.com Review: Is Swift CFD Scam or Should I Trust This Broker

Can you use SwiftCFD safely? This is a question that many traders are asking about them. There are so many different reviews and information about them, that it is hard to know if this is really a trustworthy and legit broker. With our research done, we found that they are not recommended and that you should not consider using them. This is the information that we have found out about them.

Company info

SwiftCFD is a forex and CFD broker. In fact, they are trading in different cryptocurrencies that are making them popular. They have a legit address, and they are situated in Estonia. The telephone number and email address seem legit as well. However, there are complaints and concerns about SwiftCFD that doesn’t answer calls or emails.

The question if they are legit is because of the fact that they are an offshore company. This is putting your money at higher risk than local brokers.

Are they registered and regulated?

Yes, they are registered at an offshore company. The company is situated in the Marshall Islands. However, the one thing that you need to know is that this company doesn’t regulate the brokers. Making this still a huge risk.

People think that just because a broker is registered, they are legit and regulated. And, that they can use them without any problems. However, this is really far from the truth. They should be regulated and registered to be a safe broker to use. And, this is something that they aren’t.

Registered offshore. Are this making them reliable

You need to be very careful here. They are registered at an offshore, unknown company. And, this doesn’t make them reliable. There are many registration companies that are fake. Just created so that it seems that the broker is registered.

This is why it is important to make sure that the broker is registered not only locally, but internationally as well. And, that they are regulated. Then, you will know for sure that this is a broker that you can use without any problems. Just because they can say that they are registered, doesn’t make them legit. There are many reasons to believe that the company that SwiftCFD is registered to, is a fraud company and for sure not legit.

The different accounts that you can choose from

There are basically two different accounts. The one is the regular account, and the other one is the premium account. There isn’t any demo available for testing the platform as well.

The thing that is bothering us, is the high minimum deposit that a trader needs to pay before they can start trading. For the regular account, you need to deposit at least $500. This is a huge amount, considered the amount that other brokers are asking. The premium account, a person should deposit $10k. This is a lot of money to risk to a broker that you can’t trust. There are swap-free accounts for Islamic beliefs as well.

The platform that they are using

One thing is for sure, they don’t make use of MT4. MT4 is the most reliable and trustworthy platform that they can use for trading. And, even if they don’t have a demo account, it is clear that the platform that they are using isn’t MT4. It is a platform that is unreliable and hard to learn.

In order to know for sure that you are going to use the right broker, you should look at their platform. Don’t even consider using brokers that doesn’t make use of the MT4 platform.

Terms and conditions unclear

Yes, they do have terms and conditions. However, it is stated in such a way that it is in fact unclear. Traders don’t really understand the terms and conditions. They are doing this on purpose. This is so that it is easier for them to block traders and to get the money that the traders have in their accounts. The terms and conditions are basically double-sided. It can mean two different things, it just depends on how you interpret the words. They are using this to their advantage, not yours.

Confusion about the company

There are lots of confusion about SwiftCFD. This is because of the lack of company information. There isn’t any founder information and information about the date that the company was founded. There is also not any information about the company where they are registered.

Why don’t they have any essential information about the company? Is this because there might not be a legit company with this information available?

Regulators warnings

There are a couple of regulators warnings out. Recommendations that traders should not use them for trading. There are a couple of reasons for these warnings. This is because they aren’t legally registered, not regulated and there are inconsistencies about their company and terms and conditions.

SwiftCFD. Brokers that many traders are using. However, is this really brokers that can be trusted? With research, we found that there are a couple of things that are making them risky to use. In fact, there are many warnings about using them. There are much better, and more reliable options out there.

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SwiftCFD Review

SwiftCFD was a non regulated Forex / Crypto Currency CFD broker that opened in November 2020. Their website is now dead!

Owned and operated by Digital Worldwide OU, they are located at: Roosikrantsi tn 2-K344, Kesklinna District, Tallinn City, Harju County, 10119, Estonia. SwiftCFD can be reached by phone in United Kingdom at: +44 208 089 7911, and contact email address is: [email protected] Official website is: https://www.SwiftCFD.com/.

Investors can read about broker complaints and problems, read this.

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SwiftCFD Reviews

SwiftCFD give you two options of a Forex trading platform, either the classic MetaTrader 4 software or their web based system from Panda. The web based trading software is nice and easy to use, and much easier for newbie investors that get confused by the MT4. The downside with the platform, is that it is not mobile friendly. You will instead need to download their mobile trading app from Google Play. This broker also lists their MetaTrader platform as coming soon.

You can see this broker offers investors CFD trading on many different underlying assets including; Forex, Commodities, Crypto, Stocks and Market Indexes. Spreads on Bitcoin is fixed at $175 no matter the price, and margin available on Crypto is 100:1. On Forex pairs, leverage is as high as 100:1, and the spread on EUR/USD is 3 pips.

Minimum deposit for a new trading account is the standard $250.

SwiftCFD License

When the Scam Broker Investigator reviews a new Forex & Bitcoin broker like Swift CFD, we want to know if they are a legitimate broker, or another scam. We look for a valid government brokerage license, from FSB South Africa, FCA United Kingdom or from ASIC Australia.

SwiftCFD is not a licensed broker. On October 8th 2020, the FCA issued this warning to investors. Also listed as an owner of this company is: Digital Enterprise Ltd, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.

You should read reviews of all licensed Forex brokers, and also have a look at the most popular brokers today, look here.

Compare Brokers with SwiftCFD

Smart traders always check out the competition before settling on any broker.

ForTrade are the best brokers in England, since they are licensed & authorised by the FCA, look here.

Start with a Free Demo Account, Signup at: ForTrade.com.

If you are currently investing at the brokers Swift CFD, please share your experience with other investors, in the comment section below.

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