Swift Markets Ltd is a CFD broker with a domain registered on May 16, 2024. This broker primarily provides investment services in trading markets such as forex, commodities, indices, bonds, digital currencies, and stocks for retail and institutional clients. It does not offer services to countries and regions where such services may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to its website (www.swiftmarkets.online), Swift Markets Ltd is registered in Seychelles with the entity "Raw Trading Ltd," registration number 8419879-2, regulated by the Seychelles Financial Services Authority (FSA) with a securities dealer license number SD018.
Verification reveals that the official website of the company named Raw Trading Ltd with license number SD018 is actually www.icmarkets.sc and not www.swiftmarkets.online. This company is the registered entity of the well-known broker IC Markets under FSA, and it has no relation to Swift Markets Ltd.
Therefore, Swift Markets Ltd (www.swiftmarkets.online) is essentially a fraudulent broker website without any corporate entity or regulatory oversight.
Account Opening Process
To open a trading account with Swift Markets Ltd, visit their website and click on the "Client Login" at the top right corner, which leads to the account registration page. Fill out the required personal information including name, phone number, and email address, set a login password, and submit. After account verification, the registration is complete.
Trading Account Information
Swift Markets Ltd offers three different types of trading accounts: cTrader Account, Raw Spread Account, and Standard Account.
cTrader Account:
- Trading Platforms: cTrader, TradingView
- Commission (per lot per side): $3.0 (round turn $6.0 per lot)
- Spread: From 0.0 pips
- Minimum Deposit (USD): $200
- Leverage: 1:1000
- Max Order Size per Account: 2000 lots
- Server Location: London
- Micro Lot Trading (0.01): Supported
- Currency Pairs: 61
- Index CFDs Trading: Supported
- Stop Out Level: 50%
- One-Click Trading: Supported
- Islamic Account: Supported
- Allowed Trading Methods: All
- Orders Distance Restriction: None
- Programming Languages: C#
Raw Spread Account:
- Trading Platforms: MetaTrader
- Commission (per lot per side): $3.5 (round turn $7.0 per lot)
- Spread: From 0.0 pips
- Minimum Deposit (USD): $200
- Leverage: 1:1000
- Max Order Size per Account: 200 lots
- Server Location: New York
- Micro Lot Trading (0.01): Supported
- Currency Pairs: 61
- Index CFDs Trading: Supported
- Stop Out Level: 50%
- One-Click Trading: Supported
- Islamic Account: Supported
- Allowed Trading Methods: All
- Orders Distance Restriction: None
- Programming Languages: MQL4
Standard Account:
- Trading Platforms: MetaTrader
- Commission (per lot per side): 0.0
- Spread: From 0.8 pips
- Minimum Deposit (USD): $200
- Leverage: 1:1000
- Max Order Size per Account: 200 lots
- Server Location: New York
- Micro Lot Trading (0.01): Supported
- Currency Pairs: 61
- Index CFDs Trading: Supported
- Stop Out Level: 50%
- One-Click Trading: Supported
- Islamic Account: Supported
- Allowed Trading Methods: All
- Orders Distance Restriction: None
- Programming Languages: MQL4
Trading Platforms
Swift Markets Ltd claims to offer MT4/MT5 trading platforms, but the download links provided are inaccessible, and there is no information about the broker on MT4 or MT5.
Deposits and Withdrawals
Swift Markets Ltd supports deposits and withdrawals through Skrill, PayPal, MasterCard, VISA, NETELLER, and UnionPay.
Summary:
Traderknows reminds investors that Swift Markets Ltd is a fraudulent broker website that has stolen regulatory information from IC Markets. In reality, it has no corporate entity or regulatory oversight. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Suspected Fraud" on Traderknows.
