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.
The reporting at SWAPFXTRADE is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Demo account available|Regular updates|No hidden fees
Cons: None so far|Desktop app not available on Linux
The platform itself is okay, but the customer service at SWAPFXTRADE is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Stable platform|Fast execution|Competitive fees
Cons: Account statements could be more detailed|No phone support on weekends
The so-called education at SWAPFXTRADE is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for about three months thinking they would help me learn.
Pros: Social trading features|Intuitive for beginners|Fast deposits|Wide product range
Cons: Slow to add new assets|Onboarding videos are outdated
Do not be fooled by the professional-looking website. Behind the scenes, SWAPFXTRADE is disorganized and incompetent. I found them after attending a webinar they hosted and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Good mobile app|Multiple order types|API access|Fast execution
Cons: Website design could be more modern