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SWP Trading Review | Transforming trading into a triumph or Scam?

by Kevin Berry
Rating: 
  1/5   Reviews: 2
SWP Trading - logo

SWP Trading offers to transform trading into a triumph, where every click leads you closer to your financial goals. An excellent and conscientious goal, but can you trust your money with such a broker? It operates under the management of Capital Securities Group AG, which is registered in Switzerland. Meanwhile, its foundation date is stated as 2013. Despite all this, the firm has not received a license from FINMA. Is it possible that after 10 years of operation, it still hasn’t been regulated? It looks very strange. You can find positive reviews online, but should you trust them? What if it’s a scam?

Highlights

🏛️ Country Switzerland
⚠️ Regulation
🖥️ Website https://swp-trading.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit €5,000
⚖️ Minimum and Maximum Leverage
⚙️ Trading Platform WebTrader
📨 E-mail support@swp-trading.info
📞 Phone +41525087150

First Impression of Swp-trading.com

On the official website, visitors can read a brief history of the company, which supposedly began in 2013. SWP Trading also introduces its trading conditions, legal address, and services. In addition, the broker provides a package of legal documents and contact information. All is good, but information about regulation, the company’s management, and the business model is somehow missing.

The broker uses images related to the theme of trading, such as charts, terminals, and people discussing price movements.

SWP Trading - site

SWP Trading did not invent anything new but followed a standard approach. The main panel is located at the top of the site:

  • Company. Info about the firm, contacts, and open vacancies.
  • Services. Features and types of account.
  • Documentation. Terms and conditions, privacy policy, and others.
  • FAQ.

No errors or typos were noticed, and pages loaded without delays. Overall, a neutral rating can be given to such a resource. SWP Trading lacks specific data regarding its activities and conditions.

Partnership and Bonuses

Clients can receive bonuses on their deposits of up to 10-20%, depending on the chosen tariff. Besides, SWP Trading offers risk-free trades. However, one should not assume that these are some kind of free money and generous offers. Often, such bonuses are given only under certain conditions, which are difficult for traders to meet, especially beginners.

If a user receives a bonus, they need to achieve a trading turnover equal to the amount of the bonus divided by 4. For example, if a trader receives $1,000, then they must execute a turnover of 250 lots, which is quite a lot. SWP Trading makes this practically impossible, as it sets a term of 60 days, during which turnover is only counted with leverage of 1:100 and only on Forex.

The affiliate program is not mentioned on the site. Does SWP Trading not offer such an option? Perhaps, when we look at the interface of the personal cabinet, there will be functionality for a referral program. Otherwise, the absence of such a feature is a serious drawback.

Account Opening on Swp-trading.com

Further acquaintance requires the registration of an account. We need to examine the functionality of the personal cabinet and trading platform. To register with SWP Trading, it is necessary to provide personal information, including name, contact details, date of birth, and password. It is also required to agree to the terms.

Registration

Upon entering the data, the trading platform, which is integrated into the personal cabinet, opens. Such an approach can hardly be called convenient and safe. It would be more practical to separate the terminal and client portal. However, SWP Trading hardly seems to think about the convenience and comfort of its clients.

The interface is very simple, and it is possible to change the color theme between white and dark. There is also a wide choice of languages, such as Italian, French, Russian, and others. Why then is the official website of SWP Trading only in English?

The client portal has only four sections:

  1. Personal information. All data as well as the current balance.
  2. Documents. Personal verification.
  3. Transactions. History of transfers and bonuses.
  4. History. All trades with detailed history.

Depositing and submitting withdrawal requests is done through the menu in the top right corner. There is also a transition to WebTrader. A chat for communication with support is located in the bottom right corner.

SWP Trading - personal cabinet

The affiliate program is, after all, missing, which is very unfortunate. Moreover, SWP Trading does not even offer a demo account, so practicing with virtual funds is not possible. Here are already two serious drawbacks of the broker.

Verification

When depositing, the firm will request clients to provide proof of identity and proof of residence. This is a standard verification procedure, which is mandatory at SWP Trading, as the broker follows the AML & KYC policy.

This procedure is standard, requiring a set of documents to be provided:

  • Valid passport.
  • Copies of credit cards used to make the deposit (front side with only the first 6 and the last 4 digits visible, back side with the CVV covered).
  • Utility bill with name and address.
Pros
  • None.
Cons
  • SWP Trading asks you to upload a photo of your bank card.

Trading Software

The description of the trading platform on the website is almost nonexistent. SWP Trading offers software that is only available in a web-based format. That means there are no applications for Android/iOS smartphones or computer programs. The platform is adapted for mobile browsers, but this is far from the same as having a separate mobile application.

Terminal

Since we are reviewing SWP Trading on a weekend, the platform shows that markets are closed. Oddly, this includes even the cryptocurrency markets, which do not have breaks and weekends. Quite strange. Because of this, we cannot fully see what the terminal looks like, but judging by what is available, the software can hardly be called advanced and multifunctional.

We did not notice any technical and graphical analysis tools or indicators. However, we saw pending orders, multicharts, and other less important details. In short, SWP Trading offers some primitive terminal without options and without a mobile/desktop application.

Features SWP Trading CryptoLogicIQ LEMAKEN
Demo Account ✔️
Mobile App
Own Development

How Can I Trade With SWP Trading?

To understand how profitable trading here is and what opportunities open up for clients, it is necessary to examine the types of accounts, as everything depends on them.

All Info About Accounts

SWP Trading offers 4 types of accounts with a fairly high minimum deposit:

  1. Classic. The minimum deposit is 5,000 euros. The trader receives a personal manager, monthly private sessions with the analyst, weekly market reviews, and financial research.
  2. Silver. No less than 25,000 euros. The same opportunities, but also a smart money management plan, bonus up to 10%, and 3 risk-free trades.
  3. Gold. From 50,000 euros. Direct line to your account analyst, a long-term financial plan by a senior account analyst, daily private sessions with the analyst, daily market reviews, and financial research.
  4. VIP. The deposit size is not specified, as it is discussed individually with the manager. Owners of this tariff receive staking high priority and managed account.

Account types

The requirements for the minimum deposit are indeed astounding. Who does SWP Trading think they are? Even the most well-known, proven, and popular companies allow starting trading with a small amount, such as $100, or even less, $10. And here, not only is the minimum deposit unreasonable, but there’s also no demo account available. You need to invest at least 5,000 euros just to test the platform and service. This is absurd.

Other trading conditions are simply unknown. Indeed, why should clients know what commissions and spreads, leverage, and other conditions await them? SWP Trading deliberately does not disclose all conditions in detail, a practice only dishonest and fraudulent organizations follow. In contrast, honest and transparent ones lay out all the data clearly.

Pros
  • Not found.
Cons
  • Insane minimum deposit requirements.
  • There is no demo account.
  • SWP Trading hides important conditions.

Market Analysis and Education With Swp-trading.com

Almost all additional functionality is described in the tariff plans. However, besides this, SWP Trading offers the use of an economic calendar built into the platform, analytical materials, and assistance from the firm’s experts. Unfortunately, we have no idea how experienced and professional the broker’s analysts are, so we cannot evaluate them.

Deposit, Withdrawal, and Fees

According to the personal cabinet, SWP Trading supports only bank cards, as this is the method indicated for depositing funds. If you click on withdrawal, there will be bank wire transfers and crypto. Although electronic wallets are also mentioned in the FAQ section.

Withdrawal

Without successful verification, it is impossible to withdraw funds. Moreover, the withdrawal must be made to the same payment details from which the deposit was made.

The specific processing time for withdrawal requests is not indicated, and the overall time for money to arrive in the account depends on the payment method. Meanwhile, SWP Trading does not charge fees for money transfers.

Features SWP Trading XCGIN RiveGarde
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️ ✔️
Crypto Transfers ✔️ ✔️
Deposit Fee
Withdrawal Fee ✔️

How Can I Contact It?

Telephone calls and email are the main ways to contact SWP Trading managers. Registered users can try to write in the online chat.

We decided to check contact details for suspicious elements, and not in vain. For example, the email address does not actually exist. That means there’s no point in writing to support@swp-trading.info because SWP Trading has provided a fake email.

Fake email

Pros
  • None.
Cons
  • Fake contacts.

Is SWP Trading Dangerous?

Given the inadequate and unfavorable trading conditions, as well as the fake contact details, this is more likely a fraudulent company than a verified and safe one. SWP Trading does not seem like a secure platform, but we need to further investigate the main facts of the activity: the period of operation and licenses. At the same time, we’ll find out whether the organization really has been operating for over 10 years and is based in Switzerland.

How Long Does The Broker Work?

The company shares its history on the website, which supposedly began in 2013, but is this true? We assume not. Our arguments are based on the date of the first reviews’ publication and the domain registration date. The first comments about SWP Trading started appearing at the end of 2023, and the domain was registered on October 25, 2023. So, the platform hardly exists for even 1 year.

Domain

How Is SWP Trading Regulated?

In the footer of the official website, it can be seen that the company is managed by Capital Securities Group, but we found no evidence to support this. Usually, if an organization has a subsidiary, it is mentioned on the website, but there is no such information here. Thus, we suspect that the broker merely fabricated this fact.

Capital Securities Group AG is indeed registered in Switzerland but does not hold a FINMA license. However, this is irrelevant because this organization does not manage SWP Trading.

Moreover, a search in FINMA for the names “SWP Trading” and “Senior Wealth Partners” yielded no results. Such organizations do not exist in the registry of legal entities.

Features SWP Trading Global ICM LumineTrade
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

Kevin Berry
Ask question
Expert Opinion

There’s nothing to gain here. Just another scam broker looking to steal your money. SWP Trading deceives people by providing fake information. You cannot trust scammers. This also applies to online reviews, specifically positive ones. You may find many positive comments, but these are purchased and fake reviews. They started publishing in December 2023 and continue to this date, meaning this fraudulent company continues its illegal activities. Overall, there are enough negative signs here, do not take scammers at their word.

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SWP Trading rating

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

2 reviews about SWP Trading

Augustin March 6, 2024 - 15:02
It turned out to be scammers...
The level of trust

Withdrawals don’t work. And the fraudsters are out of reach. “Thank you”, minus 10,000 euros. Funny. I didn’t expect this. It’s like a dream, but apparently, no. It’s indeed reality. I fell for a scam and a fake.

Reply
Junior March 15, 2024 - 01:24
I pity those who fell for this scam
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Imagine the faces of those people who believed in the scam called SWP Trading. Now, they suffer from not being able to get back a single cent. Well, they should have checked where they were sending their money. After all, it’s fraud, just blatant fraud. There’s no license, and there couldn’t be, as such a company does not exist in Switzerland. The address is fake, belonging to another firm that has no connection to this scam.
For everyone else who just wanted to invest here. I recommend not making such a serious mistake. You’re giving your money to ordinary anonymous scammers.

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