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Swiftcryptrade Review: Why Lack of Transparency is Troubling

It’s imperative to delve into our Swiftcryptrade Review rather than relying on the dubious narratives spun by the deceptive platform. This comprehensive analysis sheds light on the platform’s illegitimacy and emphasizes why it’s imperative to avoid it.

By perusing our findings, you’ll be equipped with the knowledge needed to identify online scammers. If you’ve been ensnared by the deceitful Swiftcryptrade crypto scheme or fallen victim to the SimpleSwap fraud, our expert assistance is at your disposal for navigating the fund recovery process.

Legal Status: Is Swiftcryptrade Regulated?

Swiftcryptrade operates in near anonymity, devoid of any pertinent information regarding its legal standing, regulatory authorization, filings, or physical address. Despite our thorough search across reputable databases, we found no trace of this entity.

Therefore, it’s evident that Swiftcryptrade operates without a license, flouting regulatory mandates. Consequently, investors face the perilous risk of losing their funds under dubious circumstances.

Opting for a regulated financial service provider is paramount to safeguarding your investments. We recommend selecting firms overseen by esteemed financial authorities such as the FCA (UK), ESMA (Europe), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), JFSA (Japan), MAS (Singapore), among others.

Regulated brokers adhere to stringent protocols and offer protective measures such as negative balance protection, segregation of client funds in top-tier banks, and compensation plans to mitigate potential losses.

Swiftcryptrade’s Target Audience

According to, the domain was established on October 13, 2022. Since its inception, this financial charlatan has primarily preyed upon unsuspecting traders and investors residing in the United States and Canada.

Both countries boast vigilant market regulators known for their rigorous oversight of financial markets, aiming to thwart unauthorized entities like Everrise Brokers from perpetuating fraudulent schemes.

One fundamental requirement stipulates that every participant in the financial market must obtain the requisite license to operate. Once again, Swiftcryptrade operates sans license, blatantly violating North American regulations.

Trader Feedback – Shared Experiences

Remarkably, there’s a dearth of Swiftcryptrade reviews on prominent forums like Trustpilot or Sitejabber, save for a Reddit thread that blacklists the platform. The absence of user feedback further tarnishes the broker’s already dubious reputation.

Swiftcryptrade’s website has been flagged as a scam 17 times on It appears that the cyber perpetrators behind the platform target potential victims through various social media platforms or dubious marketing campaigns.

Hence, we vehemently advise against divulging personal information to suspicious profiles. It’s imperative to sift through authentic user reviews pertaining to a specific provider to discern its credibility. Remain vigilant and exercise caution to shield yourself and your financial assets.

Available Trading Platforms

The platform offers a rudimentary web terminal supporting the trading of popular cryptocurrencies like Bitcoin and Ethereum. However, it lacks advanced functionalities. The notion of a highly lucrative trading bot priced at a mere $200 is a blatant ploy to lure traders.

Given the provider’s clandestine nature, it’s plausible that the platform is manipulated to showcase fictitious profits, deceiving users.

For a more robust trading experience, we strongly advocate for licensed providers that integrate reputable third-party software such as MetaTrader 4, MetaTrader 5, or cTrader.

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

Swiftcryptrade Account Types & Dubious Affiliate Program

The Swiftcryptrade affiliate program is pitched as an avenue for users to earn substantial rewards by referring friends. Upon registration, participants receive a unique affiliate link in their accounts.

The program purports to offer 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 disbursed when partners generate profits from automated orders, with the Swiftcryptrade bonus credited in the order currency.

Given the emphasis on recruitment, this scheme bears semblance to a Ponzi scheme, a fraudulent setup reliant on utilizing funds from new members to remunerate earlier investors. Such schemes inevitably collapse, with the orchestrators absconding with the loot. Therefore, it’s imperative to refrain from embroiling your loved ones in such schemes.

Trading Conditions & Deposit/Withdrawal Process

The broker fails to disclose its trading conditions, leaving investors in the dark regarding leverage trading and associated costs. Moreover, details pertaining to depositing and withdrawing funds remain shrouded in mystery.

The glaring lack of transparency is cause for alarm. Nonetheless, it’s evident that the malevolent actors behind the rigged platform are solely interested in your initial deposit and nothing more. They exhibit no concern for the aftermath once they abscond with your funds.

Deposit and withdrawal processes entail a minimum deposit of $3,000, significantly higher than the industry average. The broker seemingly exclusively accepts cryptocurrency deposits, favored by fraudsters due to its traceability challenges, enabling them to operate anonymously.

Based on our analysis, receiving customer support in the event of withdrawal issues appears unlikely. Reversing crypto payments is intricate and necessitates sophisticated software. Fortunately, our team is adept at facilitating both methods.

Key Considerations Regarding Swiftcryptrade

Swiftcryptrade emerges as an anonymous crypto trading scam targeting American and Canadian traders. We vehemently discourage engaging with this platform, primarily due to its lack of regulation or approval by reputable financial authorities.

If you’ve incurred losses due to the Swiftcryptrade scam, seeking our professional assistance is imperative for fund recovery! Opting for a chargeback remains your best recourse.

Utilize the form below to schedule a free consultation with Scam Brokers Reviews and elaborate on your case. Our team stands ready to navigate the fund recovery process, offering guidance every step of the way.

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