SwiftPayOptions is a broker that we do not recommend working with!24 / 01 / 22 Visitors: 445
SwiftPayOptions is another scam with a dubious reputation. Let's see why this broker is of dubious fame by analyzing the details of its activities and understand: is it worth transferring your time to it?
The site and employees of the organization report that the organization provides various programs that are used for Forex trading. In fact, our employees could not get access even in test mode. This is already in doubt, and therefore we recommend avoiding SwiftPayOptions - Forex Trader, so as not to get into trouble.
SwiftPayOptions - cheaters?
The review should begin with an analysis of information from open sources, which are located on the official website of the company. For the convenience of visitors, we will state it in a simpler form.
The official address of SwiftPayOptions is Majuro Marshall Islands MH 96960, Trust Company Complex Ajeltake Road Ajeltake Island. In fact, the company is a subsidiary of a company that is allegedly registered in the Marshall Islands.
No one can vouch for the accuracy of this information. However, it is extremely difficult to find an office in this area. And yet, you can find an online broker on official sites that collect data about offshore organizations.
Of course, no data about SwiftPayOptions could be found. There is not even an organization with a similar name. Therefore, our experts could not find any mention of the owner of the enterprise. Accordingly, it is safe to say that SwiftPayOptions lies to users and withholds information. The lack of information about the director is an ironclad confirmation of the illegal activities of SwiftPayOptions.
And even if registration information were present, this is not enough. The Marshall Islands do not have specialized competencies to control and work in the Forex market.
After all, offshore zones are attracted by the lack of regulation. Accordingly, even the presence of a company in the lists does not give confidence in its reliability. It is impossible to follow the laws if they actually do not exist.
Reviews about SwiftPayOptions from victims
Before investing in a murky company, find out what people who have already had experience with it write.
After reading thematic sites, media and social networks, our employees have identified a small number of reviews. Without exception, all positive comments are clearly custom-made, but the bad ones look like real ones. Accordingly, SwiftPayOptions is a dishonest broker that deceives its users. If you want to invest, we do not recommend doing this.
Are you planning to become another victim of a scammer? Not? Then check the brokers and information about them, consult with knowledgeable traders and only then act. There are a lot of scammers in the Forex market, and SwiftPayOptions is one of them.
Date of incorporation of SwiftPayOptions?
The website indicates that the company has been operating for more than ten years. In addition, they provide premium quality services around the globe, and experienced traders are specialists.
In addition, they show us various thematic awards, tell us about subdivisions in Australia, Britain and New Zealand. Users are served by more than 10 thousand employees who work in regional offices or remotely from different parts of the world. It sounds attractive, but our employees decided to check this information.
The starting stage of the review was the study of the official website of SwiftPayOptions. To do this, our employees found data on registration of the domain. It turned out that less than a month had passed since the registration.
Phone number posted on the site. Checking and summarizing.
After checking the information about the phone number on the official website of SwiftPayOptions, our specialists found out that it was used by the exchange trader Comax Invest. In addition, a large number of cases of financial fraud are associated with it, as evidenced by bad reviews on the Internet. Of course, this information only confirmed our doubts. Criminals do not even try to disguise themselves, relying on gullible people.
SwiftPayOptions has a negative balance.
Compliance with laws is an important point that we constantly repeat. The existence of control and regulation ensures that firms will diligently fulfill their obligations and the contributions of their users will not be affected. In addition, all official companies are obliged to protect their customers from losses. To do this, the regulatory authorities in Britain and the EU oblige the company to provide protection against a negative balance. This prevents the client from spending more than they have on their account. If the balance still goes negative, then the organization providing the services is obliged to return it to 0.
SwiftPayOptions is a Forex broker that allows you to trade with a negative balance. This is usually used to make the trader spend the maximum amount of money closing a hole in the balance sheet. SwiftPayOptions is a scam that spends traders' money and then demands to liquidate the debt using methods of psycho-emotional pressure. If this has already happened to your loved ones or to you, remember - you can not make concessions. No matter how they threaten, scammers cannot cause real harm. There is no legal way for criminals to get your funds.
SwiftPayOptions are scammers and not an honest high risk broker. This is evidenced by the lack of registration and official documents. Because of this, SwiftPayOptions users' money will not be protected.
Should I try to work with SwiftPayOptions? Not!
Is SwiftPayOptions a scam? Do they have official permits?
Of course not. Before giving your funds to a broker, you need to check all the information about it. As a rule, pseudo-brokers are not regulated by law and have a shadow management center. In case of trouble, they will not come to the aid of the victim.
It is impossible to write a complaint about the actions of a scammer to one of the regulatory organizations:
- FCA - Financial Conduct Authority;
- CySEC - Cyprus Securities and Exchange Commission;
- ASIC - Australian Securities and Investments Commission.
Powerful countries will not allow criminal firms like SwiftPayOptions to exist. Therefore, reasonable people should avoid shadow companies and not spend money on them.
SwiftPayOptions leverage is another way to steal currency
And although it is obvious that SwiftPayOptions is a scam, let's study another dubious point. On the broker's website, you can find information about the possibility of trading on the financial market with a leverage of 1 to 400 or more. However, from the point of view of legislation, such a ratio is excessively risky. Therefore, it is not sanctioned in developed countries. Due to current restrictions, most legal brokers apply leverage up to 1:30 or 1:50.
The exception to the rule is Switzerland, whose firms are particularly trusted. Because of this, it is Swiss stock traders who are chosen by experienced or gambling citizens who are ready to take risks.
Therefore, in order not to be deceived, you need to know the current leverage limits. When you understand that an organization registered in England is not capable of trading on the Forex exchange with a leverage of more than one to 30. If you are promised more, then they plan to deceive you. This scam works like this: the trader is forced to take out a large loan and transfer funds to the scammers.
International laws are not for breeding!
The fact that SwiftPayOptions has regional offices in Australia and England also raises concerns. Online brokers, for activities in these countries, are required to obtain permits from the relevant structures:
- ASIC (Australia)
- FCA (UK)
These documents are needed for official work on the Forex exchange. In the event that they are not, the company is threatened with a large fine, and the management - the need to answer according to the law.
In order to check if SwiftPayOptions has documents, let's look for information on the official website of Companies House (UK).
A few hours later, our specialists could not find the company in the organization's registers. Therefore, we can argue that SwiftPayOptions is a scam. At a minimum, SwiftPayOptions brazenly lies to their customers about representations and clearance.
Don't want to get hurt? Explore the bookstore data before you start working with SwiftPayOptions.com. Only brokers with good fame and a long period of activity deserve respect.
We recommend working only with reputable companies. Interaction with organizations for the protection of deposits, allow licensed firms to promise the safety of deposits of stockbrokers.
What is the result?
The papers published on the official SwiftPayOptions.com website are questionable at best. It is difficult to understand that this is a scanned paper or just a photoshopped picture. In any case, they cannot be called legal papers. Duties and rights in the user agreement are vague. There is no data on the actual date of the appearance of the office, information about the management. All this is used to evade responsibility to traders and the law.
SwiftPayOptions is a liar pretending to be an official online broker. This is just a scam to extract investments from ordinary traders. Such firms do not exist for a long time. In the event that} the number of negative reviews becomes too large, they will disappear, but only in order to eventually return under a new brand and continue to deceive citizens.
SwiftPayOptions Accounts - Withdraw and Deposit
On the SwiftPayOptions website, you can find a large number of deposit methods, just like with legit firms. We failed to check the deposit method due to AML and KYC. However, citizens invest in order to make a profit. Accordingly, for our specialists, it is primarily the method of withdrawing currency that is of interest. Unfortunately, SwiftPayOptions won't let you get your currency back.
In addition, experienced scammers manipulate customers so that they replenish their account more often.
The terms and conditions for SwiftPayOptions are unclear, but we found valuable information in the questions section. SwiftPayOptions allows itself to withdraw funds for more than 90 days of inactivity. The amount of fees is not indicated. With this, SwiftPayOptions will remove illegal fines from customers that cannot be protested.
In addition, the trader simply has no one to turn to for help.
What software does SwiftPayOptions work with? Metatrader 4, 5
The SwiftPayOptions website says that they offer MetaTrader 5 and MetaTrader 4 software, which are already known to all stock marketers as efficient tools for trading on the Forex exchange. Unfortunately, neither our employees nor ordinary traders were able to try the programs. The fact is that you can get access only by registering using KYC or AML. Systems are used to counter money laundering. That is, you must provide SwiftPayOptions with personal information, more precisely:
- a document confirming the registration of an individual
- official paper on the presence of a residence permit (payment for paying a communal apartment);
- official paper confirming qualifications and experience.
Since SwiftPayOptions only pretends to be an official online broker, it should not be given any personal information. Such organizations try to swindle law enforcement agencies and hide information about themselves. If your personal data gets into their claws, then there is a high probability of their resale to third companies. In addition, personal information may be used in criminal schemes.
Cooperation with SwiftPayOptions using a demo account. Is it possible?
Sometimes, even the absence of data makes it possible to learn a lot about the organization. For example, SwiftPayOptions for some reason does not give users the opportunity to test the software or enable a demo account. In accordance with the law, all official brokers must provide access to test services so that the client can test his strength using the game currency and only then register on SwiftPayOptions.com, send funds to the account. In the event that there are no test versions of the service, this is extremely suspicious. Our suspicions about SwiftPayOptions are only being confirmed.
Useful information about Meta Trader
Meta Trader 4 and Meta Trader 5 software is often found in legal brokers that operate in a legal space. This is the best choice for making money in the Forex market.
The first positions among software for the financial market, Meta Trader provided good tools for visualization: tables and charts, many indicators, advisers. In addition, it is possible to use more than 10 thousand different developments and applications from experienced programmers. But, of course, in order to effectively use the software, you need to spend time and effort on studying.
Huge earnings with SwiftPayOptions? Not!
Do you really believe that you can earn income by being a victim of a bred?
However, representatives of SwiftPayOptions promise big profits, instant earnings, in the shortest possible time. Such offers are very attractive, but it is thanks to them that criminals lure ordinary customers into their networks and steal their money.
With the help of social networks, scammers make a lot of profiles that advertise non-existent services. Many pages on Instagram show us the "chic life": photos with luxury cars, data on successful auctions, holidays in popular resorts, expensive purchases. They influence the envy of ordinary people who want a similar life, push into the clutches of schemers.
The purpose of the throw is to get a phone number or other contact. After that, the employees of SwiftPayOptions will begin to write and call, guarantee big profits, tempt to pay them immediately. Arguments for starting work can be different, for example: combinations of planets and constellations, lunar calendar, etc.
Some people may believe that income will come soon. But SwiftPayOptions is a scam. The criminals will take your money and try to swindle more. The divorce will stop only when the victim runs out of currency, or the scammers themselves decide to stop. SwiftPayOptions will easily inform you that you need to pay even more to get a refund, and they will only stop when they consider that there is nothing more to take.
SwiftPayOptions Scam Scheme:
- A huge number of advertising posts are written on social networks and websites. This is necessary to get as many leads as possible from potential victims;
- Having got an email and a phone, representatives of SwiftPayOptions start calling and writing messages with promises of profit in the shortest possible time;
- Scammers swindle credit card information as if they want to help with investing. You are under no obligation to share information with them. Don't send them personal information unless you're going to get into debt;
- Time will pass, and scammers will do everything to make you send even more investments. If you end up trading badly, they will advise you to cover your losses with new investments. In the case of a profitable transaction, it will be advised to send a large amount of funds to the balance in order to improve profits;
- If a citizen tries to return the funds, representatives of SwiftPayOptions will convince him to change his mind. Whenever possible, they will try to force the user to send even more investments.
Is SwiftPayOptions a Forex Broker? No. These are scammers who steal funds from gullible users under the guise of a regulated firm. The personal information of SwiftPayOptions employees is securely hidden so that law enforcement organizations cannot detect it. This makes it possible to safely deceive users.
Bottom line of our employees: SwiftPayOptions is a scam
Summing up, let's try to list all the evidence indicating that SwiftPayOptions are cheaters:
- The company is not registered even in a shadow state.
- On the day of writing the analysis, the alleged broker's official website is not even thirty days old, which means that all data on non-brokers is a scam.
- An online broker does not have the right to provide trading services.
- A false broker has no regulator.
- The contact details of the scammers are fiction.
- Company records do not have a legal basis.
- The location of the units in Britain, New Zealand and Australia is a lie.
- The organization's phone number has been spotted behind stock scammers and, in addition, with the same online broker.
- Outraged reviews of SwiftPayOptions from affected traders.
- Do not allow you to register a trial account.
- Do not provide ways to explore the software without submitting personal information.
- There is no way to protect against a negative balance.
- Unauthorized leverage ratio.
- Possible illegal processing and further use of confidential information.
- Fake broker withdraws money for no trades after ninety days.
- Endless moral oppression from the managers of a fake firm.
- No way to transfer currency when breeders think you can invest more money.
SwiftPayOptions is a scam. Our employees are 100% sure of this. Rating from 1 to ten - zero!