Forex Brokers

SWAPFXTRADE

1.7 (14 reviews)
🇪🇸 Spain
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1.7
14 reviews
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About SWAPFXTRADE

SWAPFXTRADE has been flagged by Comisión Nacional del Mercado de Valores for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Slippage always against the client

R
Richard D.
1 weeks ago

SWAPFXTRADE had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.

Pros: Copy trading available|Helpful community forum

Cons: Withdrawal takes 1-2 business days

Stay far away from this company

E
Emily C.
3 weeks ago

I want to warn everyone about SWAPFXTRADE. They have been flagged by Comisión Nacional del Mercado de Valores as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.

Pros: Initially responsive customer service

Cons: Blocked my account|No legitimate license|Fake returns

Did my research - this is suspicious

S
Sophia E.
2 months ago

After seeing ads for SWAPFXTRADE online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Comisión Nacional del Mercado de Valores. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.

Cons: Listed in warning databases|No transparency|Pressure to invest quickly

Run the other way

H
Hugo C.
2 months ago

I closed a profitable position at SWAPFXTRADE and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.

Pros: Helpful community forum|Fast support response|Easy to use platform

Cons: Slow to add new assets|Mobile app could be improved

Migration from old platform was a mess

T
Tyler X.
3 months ago

The platform at SWAPFXTRADE is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for nearly two years of dealing with this, I have had enough.

Pros: Wide product range|Regular platform improvements|Dividend tracking|Segregated accounts

Cons: Limited demo account features

Do your due diligence first

F
Frank C.
5 months ago

This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.

Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction

Estate planning support zero

D
David B.
6 months ago

The onboarding at SWAPFXTRADE was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.

Pros: Clean UI|Copy trading available|Market news feed

Cons: Limited ETF selection

Manipulative and dishonest

C
Courtney H.
6 months ago

Where do I even begin with SWAPFXTRADE? for roughly four months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.

Pros: Good analytical tools|Comprehensive tools|Customizable dashboard

Cons: Search feature is basic

They blocked me after I invested

T
Thomas T.
8 months ago

I invested $5,000 with SWAPFXTRADE after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Comisión Nacional del Mercado de Valores.

Pros: Professional looking website

Cons: Lost entire investment|Reported to authorities|Unresponsive

Must sell everything to leave

M
Mia Y.
8 months ago

After using SWAPFXTRADE for over a year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.

Pros: Educational resources|Intuitive for beginners|Dividend tracking

Cons: Charting tools need more indicators