Swift Profit Co is a Contract for Difference (CFD) broker with its official website domain registered on November 2, 2023. The broker primarily offers investment services to traders in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. However, it does not provide services to countries and regions where doing so might violate local laws or regulations.
Company Registration and Regulatory Status
Public information from the Swift Profit Co website shows that the broker was founded in 2016 and claims that the company entity is VLS, asserting its regulation by the Australian Securities and Investments Commission (ASIC). Beyond this, the broker does not disclose the company entity registration details or comprehensive regulatory information.
Upon verification, ASIC has no record of a regulated company named "VLS."
Therefore, Swift Profit Co is in reality a fraudulent broker website with no company entity or regulation.
Account Opening Process
To open a trading account with Swift Profit Co: visit the broker's website, click "Open Account" on the homepage or "SIGN UP" at the top-right corner, fill in the required personal information such as name and email address, set a login password, and submit. After verification, the account will be successfully registered.
Trade Instruments
Swift Profit Co offers a range of trading products including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from fluctuations in exchange rates.
- Indices: Index trading allows speculation on the performance of an entire market or specific sector without trading individual stocks. By exploring popular indices, diverse trading opportunities can be discovered, and high leverage can be utilized to enhance potential returns.
- Commodities: Commodity trading covers key resources in the global market, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price fluctuations of public companies, earning profits based on company performance and dividends without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
Swift Profit Co offers four different types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum deposit: £500
- Minimum expected profit: £3,500
- Maximum expected profit: £5,000
- Trader education*
- Risk management
- Tax-free spread-trading profits
CLASSIC ACCOUNT:
- Minimum deposit: £5,000
- Minimum expected profit: £45,000
- Maximum expected profit: £50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread-trading profits
PLATINUM:
- Minimum deposit: £10,000
- Minimum expected profit: £99,999
- Full benefits package
- Trader education*
- Advanced risk management
- Tax-free spread-trading profits
FOREX SIGNALS:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payment only
- Use any broker
Trading Platform
Swift Profit Co provides a proprietary trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with liquidity from multiple providers, executing over 12,000 orders per second. However, clicking the provided download link leads to the MT4 trading platform, where no broker named Swift Profit Co can be found.
Deposits and Withdrawals
Swift Profit Co does not support deposits and withdrawals via credit card or bank transfer. It only allows transactions through cryptocurrencies.
Conclusion:
Traderknows reminds investors that Swift Profit Co is a scam broker that lures investors with high returns. The website has no actual company entity or any regulation. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
