swiftprofitpolicy has been flagged by Financial Conduct Authority 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. Website domain: swiftprofitpolicy.com.
After for the past six months with swiftprofitpolicy I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Multi-currency support|Transparent fees|Tax reports included
Cons: Nothing significant
The spread at swiftprofitpolicy is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after hearing about them at a conference and initially thought the platform was good - until I started trading seriously.
Pros: Quick verification|Market news feed|Smooth onboarding|Personal attention
Cons: Limited ETF selection
Do not believe the bonus offer from swiftprofitpolicy. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after a friend recommended them and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Transparent fees|Multi-device support|Instant funding
Cons: Research section could be deeper|Some tools only available on higher tiers
Tried to withdraw my funds from swiftprofitpolicy and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Lost entire investment|Reported to authorities|Unresponsive