SwiftTrader Review Overview
SwiftTrader (Swift Trader Ltd) began operating on May 1, 2024 and lists 106/3 Spring St, Sydney as its head office, with former staff of AXI and FXGT reportedly involved in its launch. As flagged above, swiftTrader’s published registration details are a Comoros (Mohéli) offshore entity (T2023364 / HY00923430) and a Labuan, Malaysia office, rather than any Australian license. Japanese-language support is offered via live chat (9:00-21:00 JST), email, and LINE.
| Specification | Detail |
|---|---|
| Operating Since | May 2024 (other dates also cited) |
| Claimed Head Office | Sydney, Australia |
| Published Registrations | Comoros (Mohéli) and Labuan, Malaysia |
| Platform | MT5 only |
How SwiftTrader Is Promoted
fxcodex’s own source note states that the social-media accounts promoting SwiftTrader are closely connected to the company, and that it does not recommend using SwiftTrader and questions its long-term stability. These are fxcodex’s stated views rather than verified facts, but they are worth weighing when evaluating promotional claims.
Accounts and Leverage
SwiftTrader offers five account types (Standard, Mini, Micro, Pro, ECN) on MT5, with average USD/JPY spreads from 0.5 pips (ECN, $6 per lot commission) to about 3 pips, and up to 10 accounts per client. Leverage on major forex pairs reaches 1:1,000 up to $10,000 equity and steps down to 1:200 above $50,000. Margin call is 80%, stop-out 20%, and zero-cut applies.
Cryptocurrency CFDs
SwiftTrader lists 12 crypto CFDs, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, Stellar, Cardano, Dogecoin, Polkadot, EOS, Polygon, Kusama, and Chainlink, under dynamic leverage: for Bitcoin, 1:500 up to 10 lots, falling to 1:50 up to 50 lots and 1:1 above that.
Promotions
SwiftTrader describes a ¥20,000 signup bonus, a 200% deposit bonus up to ¥100,000, and a 50% deposit bonus totalling up to ¥1,000,000. Readers should confirm current terms directly, since campaigns change.
Deposits and Withdrawals
Funding is by domestic bank transfer and cryptocurrency (USDT on ERC-20, TRC-20, BSC, or Polygon), with credit cards listed as planned. The minimum deposit is ¥2,000, deposits are free, and withdrawals carry a ¥160 fee.
Pros and Cons
| Pros | Cons |
|---|---|
| Broad 12-coin crypto CFD range | Claimed Sydney HQ but only Comoros/Labuan registrations published |
| Very low ¥2,000 minimum deposit | Operating only since May 2024 with inconsistent launch dates |
| Three bonus campaigns described | MT5 only; no copy trading, PAMM, or MAM |
Is SwiftTrader a Broker Worth Considering?
SwiftTrader’s trading conditions and crypto range are competitive on paper, but its Sydney head-office claim sits alongside offshore Comoros and Labuan registrations and no Australian license, and it has only a short operating history. Readers should verify company details independently, weigh fxcodex’s stated non-recommendation, and avoid depositing more than they could afford to lose.
FAQ
- Is SwiftTrader regulated in Australia?
- SwiftTrader cites no Australian financial license; its published registrations are Comoros (Mohéli) and Labuan, Malaysia.
- When did SwiftTrader launch?
- It began operating on May 1, 2024, though its own materials also cite other dates.
- Does SwiftTrader offer crypto trading?
- Yes, 12 crypto CFDs under dynamic leverage.
- What platform does it use?
- MT5 only.
