SWIFTCAPITALFX 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.
I wanted to transfer my portfolio from another broker to SWIFTCAPITALFX. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Stable platform|Demo account available
Cons: Onboarding videos are outdated
After using SWIFTCAPITALFX for just 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: Intuitive for beginners|Professional team
Cons: Research section could be deeper
SWIFTCAPITALFX changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Stable platform|Competitive fees
Cons: None so far
After doing some research AFTER the fact (I know, I should have done this first), I discovered that SWIFTCAPITALFX is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
Do not use SWIFTCAPITALFX for anything serious. I used them for a couple of months now for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Easy to use platform|Multi-device support|Copy trading available
Cons: No dark mode on mobile|No live chat on mobile
My withdrawal request from SWIFTCAPITALFX has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Excellent charting|Dedicated account manager
Cons: Wait times can be long during peak hours|Alert system is basic
Opened my account with SWIFTCAPITALFX after my brother mentioned them and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Customizable dashboard|Multi-device support|Good mobile app
Cons: None so far|Account statements could be more detailed
I requested my data from SWIFTCAPITALFX under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Segregated accounts|Economic calendar
Cons: No dark mode on mobile|Limited ETF selection
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that SWIFTCAPITALFX has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Pros: Website looks legitimate on the surface
Cons: Listed in warning databases|No transparency|Pressure to invest quickly