Swift Trader Forex Broker

Swift Trader Review SummaryFounded2010Registered Country/RegionComorosRegulationMISA (Offshore regulated), ASICMarket InstrumentsForex, Commodities, Metals, Indices, CryptocurrenciesDemo Account✅SpreadFrom 2 pips (Standard account)LeverageUp to 2000xTrading PlatformMT5Minimum DepositUSD 10Customer SupportContact ticket, live chat, FAQEmail: info@swifttrader.com; Support: support@swifttrader.comRegistered address: Bonovo Road – Fomboni Island of Mohéli – Comoros UnionRestricted RegionsAfghanistan, Australia, Belarus, Bosnia and Herzegovina, Burma (Myanmar), Central African Republic, Democratic Republic of Congo, Eritrea, Iran, Iraq, Lebanon, Libya, North Korea, Somalia, South Sudan, Sudan, Syria, Yemen, Zimbabwe, St. Vincent & the Grenadines, USA.Swift Trader Information Swift Trader was registered in Comoros Union and claims to have more than 50 years industry experience in finance. Nowadays, it mainly focuses on trading services in forex, commodities, indices, cryptocurrencies. It offers the industry-leading MetaTrader 5 platforms to enhance customer trading experience. A demo account is available for practicing, with tight spread from 0 pips for live accounts. And the broker implements fund segregation to separate client funds from their operational accounts. In addition, educational resources are also provided to equip investors with necessary knowledge and skills for successful trading. The good thing is that the company is regulated by MISA and ASIC, which means its financial activities are strictly watched by these authorities, to some extent guarantees a certain level of customer protection. However, you should be cautious because the MISA regulation is offshore only.Pros and ConsPros Cons ASIC regulatedOffshore MISA regulationMT5 platformDemo accountsFund segregationNo deposit feesRich educational resourcesAffordable minimum depositIs Swift Trader Legit? Swift Trader is currently being well regulated by MISA (Mwali International Services Authority), Australia Securities & Investment Commission (ASIC), with license no. T2023364 and 001313975 respectively. However, one fact that you should not neglect is that the MISA regulation is offshore only, which indicates less grasp by the authority.Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.MISA RegulatedSwift Trader LtdRetail Forex LicenseT2023364ASICOffshore RegulatedSWIFTTRADERAU PTY LTDAppointed Representative (AR)001313975What Can I Trade on Swift Trader?Trading InstrumentsSupportedForex✔Commodities✔Metals✔Indices✔Cryptocurrencies✔Stocks❌Bonds❌Options❌ETFs❌ Account Type To familiarize yourself before commiting actual trading, you can start with a demo account to practice your trading strategies. While being confident enough to open a live account, you can go with four tiered accounts, with different trading conditions to suit for the needs of different client groups:Account TypeMinimum Deposit Spread CommissionSuitable for Standard USD 10From 2 pips❌BeginnersPro From 0.6 pips❌Professional tradersECNFrom 0 pips$2.5 for forex; $7 for metals; 0.05% for cryptosScalping tradersVelocityFrom 1.2 pips❌Traders want higher leverageBonus-X//❌Traders want bonus For those who want additional margin without tying up their cash balance, the broker offers a unique Bonus-X account. Traders will receive a 150% first deposit bonus, 100% on future deposits, zero commission trading, and up to 1000:1 leverage. You can enhance your trading power without increasing your financial risks. But bonus funds will act as extra margin, not cash, which means withdrawals remove your bonuses.Leverage While Swift Trader offers leverage up to 2000x, different maximum leverage applies for different account types:Account TypeMaximum Leverage Standard 1:1000Pro ECNVelocity1:2000Bonus-X1:1000 Traders should use leverage cautiously and choose the product that best suits their experience levels to avoid huge losses.Trading Platform Swift Trader claims to use the world renowned MetaTrader 5 platforms, which are well-recognized by its advanced charting tools and robust functionalities. You can reach the platform on web, or download app from Windows, mobiles phones and Mac.Trading PlatformSupported Available Devices Suitable forMT5✔Web, mobile, Windows, MacExperienced tradersMT4❌/BeginnersDeposit and Withdrawal Swift Trader offers deposits and withdrawals in USD, JPY, and USDT via international/domestic bank transfer, Tether, and STICPAY. Minimum deposits start from just 5 USDT or 50 JPY, with most methods processing in 0–15 minutes. Withdrawals are freeon Swift Traders side but may incur bank or STICPAY fees.