The official website of Fx Sway is currently inaccessible. The company seems to have gone out of business. Therefore, we can only collect some relevant information for informational purposes only.
2022-06-13We have reviewed and confirmed that Fx Sway is an unregulated forex broker Fx
Sway claims to be a regulated company, but neither provides details about its company information (company name, office address, email, phone number, etc.) nor regulatory information. The lack of such information can be a telltale characteristic of unlicensed brokers, as compliant brokers always display their certifications and licenses in a prominent position.
In fact, this broker is not regulated by any regulatory authority, and it is unsafe for this broker to hold or control investors' funds, and investors cannot be protected by any law. It is a fake broker.
Since this broker's website is not accessible now, we also have access to more and more direct details about its trading assets, leverage, spreads, trading platforms, minimum deposit, etc.
As for regulation, it has been verified that Fx Sway does not currently have any valid licenses.
But most non-compliant brokers do not disclose providing other, more direct and authentic contact information, such as a phone number or company address.
Note: Fx Sway is an unregulated broker, which means that clients' investments may not be adequately protected. The lack of regulation increases the risk of potential financial losses due to the lack of a regulatory body to hold companies accountable.
If investing with an unregulated broker, there's a good chance they'll 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 brokers as much as possible.
