In this review we have a look at the Tradex Swift investment scam that is made to separate people from their money.
What is Tradex Swift
Tradex Swift is an online investment platform that supposedly is generating great profits. It allegedly is run by a UK company that does escrow services, binary options trading and cryptocurrency investing with Bitcoin and Ethereum.
TradexSwift offers five investment plans with daily returns starting at 6% and going all the way up to 17.5%. The minimum investment amount is 100 USD.
The company running this investment service claims to be regulated in the UK. But is it true, can you trust it, is it legit?
Tradex Swift scam
Unfortunately, Tradex Swift’s website is full lies, the investment program is an absolute scam. No real profits are generated, it is a hole where money disappears. Here are the details.
Lies about regulation
On its official website, Tradex Swift states that is regulated by the Securities and Exchange Commission in the United Kingdom as an investment adviser. But it is a lie.
First of all, there is no Securities and Exchange Commission in the United Kingdom, it simply does not exist.
The real regulator in the UK is the Financial Conduct Authority. And a search on FCA’s website reveals that Tradex Swift is not regulated in the UK.
This is a big proof that Tradex Swift is a scam because it is knowingly and blatantly lying on its website about its regulatory status.
As a matter of fact, because it provides investment services as a UK company without being authorized, it is an illegal investment service that is in conflict with laws.
Another lie of Tradex Swift lies in its website section called Our Clients. There you will find names like ACH Processing or Hyperledger.
But in reality none of the featured companies is a client of Tradex Swift, you can contact them one by one to see for yourself.
Lying about clients is of course another proof of scam.
The thing that gives away the Tradex Swift scam the quickest is the investment plans. Because it does not matter what industry we are talking about, making 6% daily or more is just plain impossible.
It would equal to 180% monthly, and that’s just the basic investment plan. This is ridiculous. If returns like this were possible and sustainable in the long term, you would become a millionaire in no time. People would just stop working.
The best investment funds in the world won’t make 180% in a year, yet you are supposed to believe that lying Tradex Swift can. No, it can’t.
We say it all the time, when you see something like 1% or more daily returns, you can be absolutely certain that the investment program you are looking at is a scam.
The sooner you accept that fact, the better you will be equipped to avoid a lot of online and other investment scams.
How Tradex Swift really works
With online investment scams you will sometimes see people saying that they are getting paid, so the program must be legit. But that’s not the case.
Because a lot of these programs start as Ponzi schemes, so they take money on deposits and redistribute it among older members. A typical illegal financial pyramid.
This produces a bunch of members who got paid and start publishing positive testimonials. But Ponzi scams always collapse, it’s physics, so you can base your judgement on whether someone is getting paid or not.
We have proved in this review that Trade Swift is a scam, and that is why you have to stay away from it. You don’t want to be gambling on how long it can last or if it has already failed.
Tradex Swift review – Conclusion
Tradex Swift is an investment scam and an illegal investment program that certainly is not regulated. It is very dangerous for you money, so you’d better stay away from it.
If you are interested in legitimate investing, you can get a free demo account with a regulated broker and try everything with virtual money.
Should you later decide to trade with real money, be sure to understand the risks and to use only money you can afford to lose.