After Verification: Fxswiftrade Is Operated Through The Website Https://fxswiftrade.com/and Is A Clone Company.
It Has Been Reviewed That Fxswiftrade Is An Unregulated Broker.
According To Its Website, It Claims To Be Regulated A Lot. Looking Closely At The Regulations Displayed On Its Website, First Of All We Can See That Its Regulatory Description Is Very Confusing. Secondly, It Does Not Even Know The Regulatory Agencies Of Some Countries And Is Very Unprofessional.
Through The Regulations It Lists, We Searched For The Correct Regulators One By One. In The National Futures Association (NFA), The European Securities And Markets Authority (ESMA), The Federal Financial Supervisory Authority (BaFin), The French Financial Marekt Authority (AMF), The French National Securities Market Commission (CNMV), The Danish Monetary Authority (Danish FSA), And The Danish National Securities And Exchange Board (CONSOB), No Matching Information Was Found. As For The UK Financial Conduct Authority (FCA) It Mentions, We Found That The Company Name And Domain Name Filed Are Different From Fxswiftrade. Fxswiftrade Has Stolen Someone Else's Number To Prove Its Legitimacy. It Is Ridiculous That This Number Has Been Cancelled At The FCA.
In Addition, The Malta Financial Services Authority (MFSA) Has Issued A Warning To Fxswiftrade, Identifying The Company As A Clone Of An MFSA-authorized Company.
Essentially, Fxswiftrade Is Not Regulated By Any Governing Body. Funds Entrusted To Investors Are High-risk, As There Are No Legal Safeguards To Protect The Funds.
It Is Highly Likely That Fxswiftrade Is A Fake Trader. Traders Are Requested To Be Vigilant To Prevent Being Deceived.
And Most Non-compliant Brokers Will Not Disclose And Provide Their Direct And True Contact Information, Such As Phone Numbers Or Company Addresses.
Note: Fxswiftrade As An Unregulated Broker Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
