Swift Trader (swifttrader.com) has been flagged by ASIC (Australia) for "Unlicensed". International regulator warning https://www.fsa.go.jp/ordinary/chuui/mutouroku/04.html
Phones: +61 2 8006 2422
Addresses: 106/3 Spring St, Sydney, NSW, 2000 Australia This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.swifttrader.com.
I had a dispute with Swift Trader (swifttrader.com) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Tax reports included|Real-time alerts|Stable platform|Demo account available
Cons: Could offer more webinars
What really bothers me about Swift Trader (swifttrader.com) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them when my bank disappointed me and I searched for alternatives and I fell for the polished exterior. Never again.
Pros: Transparent fees|Multiple order types
Cons: Limited cryptocurrency options|Search feature is basic
Where do I even begin with Swift Trader (swifttrader.com)? for the past six 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: Two-factor authentication|Competitive fees|Customizable dashboard|Helpful community forum
Cons: Spreads widen during volatile periods|No dark mode on mobile
The onboarding at Swift Trader (swifttrader.com) 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: Good mobile app|Responsive team|Excellent charting
Cons: No phone support on weekends|No dark mode on mobile
Swift Trader (swifttrader.com) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Segregated accounts|Low minimum deposit|Excellent charting
Cons: Limited cryptocurrency options|Withdrawal takes 1-2 business days
The spread at Swift Trader (swifttrader.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them from a blog post comparing services and initially thought the platform was good - until I started trading seriously.
Pros: Clear documentation|Dedicated account manager|Easy to use platform
Cons: Charting tools need more indicators|Limited social trading features