pic

Instaswifttrade Review | A Platform Combines Cryptocurrency Trading and Bitcoin Mining or Scam?

by Kevin Berry
Rating: 
  1.6/5   Reviews: 3
Instaswifttrade - logo

Instaswifttrade is a platform that combines cryptocurrency trading and bitcoin mining. You can find online positive reviews where people boast about successfully mining digital currency and earning through trading. However, the number of comments is very scant. Moreover, the company does not provide information about its place of registration and founding date, nor does it hold licenses from financial commissions. The founders are anonymous but assert that their project is decentralized. There are many signs of a scam here, so before starting a cooperation, it’s necessary to thoroughly research the firm.

Highlights

🏛️ Country
⚠️ Regulation
🖥️ Website https://instaswifttrade.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit $500
⚖️ Minimum and Maximum Leverage
⚙️ Trading Platform WebTrader
📨 E-mail support@Instaswifttrade.com
📞 Phone

First Impression of Instaswifttrade.com

The official website of the project does not shine with information. The company hardly talks about itself, for example, the founding date, registration address, and other aspects of its activities are unknown. Moreover, investment and trading conditions are also not specified, meaning Instaswifttrade is absolutely non-transparent and secretive.

Instaswifttrade - site

In addition to English, the website can be switched to Russian, Spanish, and Arabic. The quality of the information is low, specifics are missing, and many advantages are presented without any confirmation or evidence. Legal and registration documents are not provided.

On the main page of Instaswifttrade, you can find information about funding and token allocation, as well as download the whitepaper. If large projects create whitepapers with dozens of pages describing absolutely everything, this company offers a whitepaper of 2.5 pages without useful information for customers.

Partnership and Bonuses

There is no affiliate program or any bonus promotions in Instaswifttrade. They are not mentioned anywhere and there is no functionality for this. Although an affiliate program is an ideal solution for the development of a company. After all, the company gets more clients, and users earn additional profit for attracting partners.

Account Opening on Instaswifttrade.com

To become more acquainted with this mining project, we need to register an account. This process is straightforward and should not cause any difficulties. Instaswifttrade requires you to provide your full name, email address, country, and create a password. The system also generates a seed phrase consisting of 12 random words, which you need to record in a safe place. We are curious as to why this phrase is needed if it is not a web3 wallet?

Registration

After registration, you need to confirm the creation of the account in an email sent to the provided address. Then, a personal account appears with separate sections dedicated to mining, trading, customer reviews of the platform, and KYC. It is important to note that Instaswifttrade does not offer a demo account where you can press buttons, and study the interface and the company’s service.

Instaswifttrade - personal cabinet

Users can top up their deposit and submit withdrawal requests, edit personal information, view transaction history, and communicate with technical support through an online chat. In general, nothing unusual. Instaswifttrade offers a standard client portal with an intuitive interface.

Verification

In the personal account, there is a separate section for KYC. There, clients can upload documents for verification. The firm requires three types of documents:

  • A selfie.
  • Proof of identity, for example, a passport.
  • Proof of address, for example, a bank statement or utility bill.

This section also describes the specific documents accepted by the firm and provides instructions on how to take a photo correctly. However, Instaswifttrade does not disclose exact information on how long the verification will take. Also, there is no AML&KYC policy, and it is unknown whether the verification procedure is a mandatory process.

Pros
  • It is convenient to upload documents, and the process is described in the personal account.
Cons
  • Unknown how long the KYC verification takes.
  • AML&KYC document is missing.

Trading Software

Instaswifttrade does not have a separate trading platform. Instead, the company offers to open and close trades through the personal account. It’s enough to specify the trading pair (currently only BTCUSD is available), the volume and type of order, and set a stop-loss and take-profit. The Bitcoin chart is taken from the popular Tradingview service, where you can use lines, levels, indicators, and other elements of technical analysis.

Terminal

It is doubtful that such a solution can positively characterize the broker. Where is a normal and professional terminal? The platform in Instaswifttrade cannot even be downloaded to a computer or smartphone; it is only presented as a primitive webtrader, where position management and the chart are separated from each other. In simple terms, the familiar platform is simply absent here.

Features Instaswifttrade RockStoneTrust  Choose Capital
Demo Account ✔️
Mobile App
Own Development ✔️

How Can I Trade With Instaswifttrade?

We will next examine the conditions for both trading and mining to understand whether it is profitable to collaborate with the company or not.

All Info About Accounts

Instaswifttrade did not develop multiple tariffs for trading; instead, clients open a single account with a minimum deposit of $500. Users can trade only Bitcoin and without leverage. Therefore, the conditions cannot be said to be profitable or interesting.

In regards to mining, the firm offers four tariff plans:

  1. Free. A free tariff where no investment is required from the client. Profit is 0.00001 BTC, with a duration of 6 hours.
  2. Monthly subscription. The minimum deposit is 0.2 BTC. The profitability of the package is 0.005 BTC.
  3. 6 months. The price is 0.5 BTC, with a return of 0.009 BTC.
  4. Yearly. 1 BTC, with a profit of 0.01 BTC.

Account types

According to the description of the tariff plans, profit is accrued every 6 hours. If we take the second package worth 0.2 BTC, every 24 hours, an investor can get 0.02 BTC or a +10% return. Where does such profitability come from? Instaswifttrade very much resembles a financial pyramid, especially considering the fact that the addresses of the mining pools are not disclosed by the project.

The company offers excessively high returns for mining, which raises serious suspicions. Does Instaswifttrade really mine cryptocurrency, or is it a lie?

Pros
  • There is an opportunity to mine cryptocurrency for free.
Cons
  • A high minimum deposit.
  • Unrealistic profitability.
  • Signs of a financial pyramid.

Market Analysis and Education With Instaswifttrade.com

On the main page of the website, you can see a table with online quotes of popular financial markets. Apart from this, Instaswifttrade offers nothing else. Fresh analytics, educational resources, and courses are absent, although they could be very useful for both beginners and experienced traders.

Deposit, Withdrawal, and Fees

As this is a cryptocurrency project that, according to the legend, specializes in Bitcoin mining, it is not surprising that clients can top up their balance and withdraw funds using the main digital currency. However, a clear red flag is that Instaswifttrade accepts only Bitcoin. Moreover, a separate address is generated for users to transfer funds to, although transactions should go through an official payment gateway, like Coinbase.

This suggests that the firm is unlikely to operate legally. Also, using cryptocurrency allows ‌creators to remain anonymous. And it must not be forgotten that cryptocurrency transactions are irreversible, and that chargebacks are impossible.

Features Instaswifttrade Aegis Corporate Financial Services Investus Pro
Debit/Credit Cards ✔️ ✔️
Electronic Payments ✔️ ✔️
Crypto Transfers ✔️ ✔️
Deposit Fee
Withdrawal Fee ✔️

How Can I Contact It?

Users can write an email to the specified email address and also submit a request for feedback. Moreover, Instaswifttrade has created an online chat for prompt communication. Managers respond quite quickly and to the point, rather than trying to shift the dialogue to a phone call or email. It was through the online chat that we learned that this firm was registered in the United Kingdom in 2021 but officially opened in 2022. However, these are just words, as no confirmations were provided to us.

Online chat

Pros
  • Managers respond in the online chat.
  • There are email and social media accounts.
Cons
  • None.

Is Instaswifttrade Dangerous?

The company looks very strange and suspicious, especially considering the lack of important information on the official website. However, we cannot yet definitively establish whether Instaswifttrade is a scam or not. To do this, it is necessary to check when the platform was actually launched and whether it has any licenses.

How Long Does The Broker Work?

The official website does not state the founding date, but the manager in the online chat provided information about the company’s registration in 2021, based in the United Kingdom. However, as already mentioned above, there is no evidence of this. Moreover, considering the young domain and the small number of reviews on the internet, it is unlikely that the organization has been successfully operating since 2021-2022. Instaswifttrade registered its domain only on May 31, 2023 – how could an investment project and trading platform exist without a website? They couldn’t.

Domain

How Is Instaswifttrade Regulated?

The legal address is not specified – this is a significant minus and an obvious red flag. Despite information from an employee that the broker is based in the United Kingdom, we do not have the exact name of the legal entity. A search in the Companies House registry for the name Instaswifttrade yielded nothing. Such an organization does not exist in this jurisdiction. Moreover, the FCA also knows nothing about the platform.

Companies House

We could easily have been deceived. One cannot believe what is written on the internet if there is no substantial evidence. Therefore, Instaswifttrade operates illegally and is likely not even registered as a legal entity.

Features Instaswifttrade InterActive AU Venture
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

How to Trade With Instaswifttrade?

To start, you need to register an account using an email address. After that, two cooperation options will be available: trading and mining. Each option has its own minimum deposit. Moreover, it may be necessary to upload documents for identity verification.

Is Instaswifttrade Legit?

The company lacks a license, not only for brokerage activities but also for investment.

How Risky Is It?

The firm operates illegally, as it lacks both a license and a legal address. Instaswifttrade cannot provide guarantees of reliability, so cooperation with the project carries a 100% risk.
Kevin Berry
Ask question
Expert Opinion

It’s a blatant fraud, without any doubt. What difference does it make what the company’s managers write in the chat? They cannot provide registration numbers and licenses, which are mandatory for any such organization. Instaswifttrade operates illegally; their website was launched in May 2023, and there are almost no reviews online. By the way, regarding reviews, positive comments predominate, but it is obvious that they are fake. Here is another negative factor. The project cannot even provide addresses of its mining pools to prove the existence of such activity. A brokerage scam and financial pyramid – two in one.

You may also like

Instaswifttrade rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
Leave a review

The level of trust
Quick withdrawal of funds
Efficiency of technical support

3 reviews about Instaswifttrade

R2D2 January 4, 2024 - 23:49
Fraudulent and fake company
The level of trust

Instaswifttrade operates illegally. They don’t even have a legal address. How can you believe in something like this? Are there still such gullible people who believe in mining that brings huge profits every day? Don’t invest here, as you will lose all your money.

Reply
PSG January 18, 2024 - 01:12
Risky, that's why I haven't invested here yet
The level of trust
Quick withdrawal of funds
Efficiency of technical support

A few days ago, I tried their “free mining” service. It seems a little bitcoin was accrued, but I don’t know how to withdraw it. And to mine larger volumes, you need to top up the balance with 0.2 BTC – that’s a lot. I didn’t want to take the risk and neither should you. It looks very suspicious. Until I withdraw the free crypto, I won’t deposit real money here.

Reply
Alex Epstein January 23, 2024 - 18:28
I want to warn everyone about fraud!
The level of trust
Quick withdrawal of funds
Efficiency of technical support

In the cryptocurrency space, Instaswifttrade is unknown. Influential crypto enthusiasts do not follow its Twitter account, and there are a bunch of fake followers on Instagram. The same goes for reviews, which are fabricated. Do not believe the positive reviews online, as they are fake. It’s a scam project that steals cryptocurrency from unsuspecting traders and investors.
There is no mining here and there never has been. It’s all lies and nonsense. The same applies to trading. If you can trade here, those are also fake transactions. Such a company does not even exist. It’s ordinary fraud.

Reply

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy