SCAM BROKER: Swiftorbit Trading review [Warning]

Swiftorbit review

In this review we have a look at the Swiftorbit broker and we show that it is a scam enterprise that you have to avoid.

What is Swiftorbit Trading

Swiftorbit Trading is a typical online broker that offers trading with cryptocurrencies (Bitcoin, etc.), currencies, commodities, stocks and indices. In total there are more than 70 assets available for trading.

The broker has weekly and monthly account types, each one is entitled to a deposit bonus, daily trading signals and a financial plan, whatever that is.

Swiftorbit Trading claims to be regulated and licensed by the MFSA, which is the financial regulator in Malta.

But is it true, is it a legit broker that you can trust?

Swiftorbit trading scam

Our investigation revealed that Swiftorbit is a scam broker that people should stay away from. Here is the explanation.

Lying about regulation

One of the main selling points of Swiftorbit Trading is that it is a regulated by the MFSA, therefore legitimate brokerage company. At least that is what is said on its official website.

But it is not true, Swiftorbit is not regulated in Malta by the MFSA. You can verify it on the financial regulator’s website.

You will see that the MFSA’s register contains no data about Swiftorbit nor the P240 Ltd. company that supposedly is running the investment service.

Swiftorbit also claims that it is regulated by the FCA in the United Kingdom, BaFin in Germany, AMF in France and CONSOB in Italy. None of it is true.

In fact, Swiftorbit is not regulated in any country, it has no license whatsoever, which makes it an illegal investment service.

And it for sure is a scam because it is lying about its regulatory status on its official website.

Swiftorbit scam

Beware of the offer

The official website of Swiftorbit Trading is a little bit confusing. Because it suggests that they have some weekly and monthly plans. But they don’t define what are the returns on your investment that you are supposed to get.

In any case they look very scammy because they offer up to a 250% deposit bonus. Deposit bonuses are forbidden in most countries, because they create pressure on people to trade.

But the percentage is also ridiculous, you know that something is wrong when the broker claims to be giving you 2.5 times your deposit as free money. It most certainly is just a lure.

Account plans

How Swiftorbit Trading works

We have proved that Swiftorbit is a scam. Their exorbitant deposit bonuses are obviously meant to attract people and make them deposit as much money as possible.

Based on our experience we can predict what happens next. Everything will look fine until you ask for your first withdrawal. Then you will realize not only that all the profits they showed you were fake, but also that you can’t even withdraw what you sent them.

They will make up excuses, ask for high fees and fictitious taxes, just to get more money from you. But they will never let you withdraw anything, because Swiftorbit is a fraudulent platform. That’s how it ends.

Swiftorbit review – Conclusion

Swiftorbit Trading is a scam broker because it is lying about being regulated. It is not regulated, it is an unauthorized investment platform that will steal your money. You have to stay away from it.

If you want to trade financial markets, start on a free demo with a regulated broker. Try everything and learn with virtual money.

Don’t trade with real money until you are absolutely sure that you understand all the risks and until you have a proper strategy.

Please share this review to help inform other people.

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