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Swift Trader (SwiftTrader) is a legally registered forex broker located in Mwali, regulated by the Mwali International Services Authority (MISA).
Swift Trader accepts clients from all over the world, excluding USA, Afghanistan, Australia, Belarus, Bosnia-Herzegovina, Myanmar, Congo, Eritrea, Iran, Iraq, Lebanon, Libya, North Korea, Somalia, Sudan, Syria, Yemen, Zimbabwe.
Forex broker offers the following underlying assets for trading.
| 50+ Currency Pairs | Based on major and minor world currencies. |
| 17 Crypto Pairs | Based on Bitcoin, Bitcoin Cash, Ethereum, Solana, Cardano, Dogecoin, Polkadot, EOS, Kusama, Chainlink, Litecoin, Stellar, Ripple. |
| 9 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 2 Metal CFDs | Based on Gold and Silver. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
Swift Trader is a forex broker that caters to traders all around the world from its offices in Sydney, Australia. The broker is officially registered and regulated offshore in Mwali in the Comoros Union by the Mwali International Services Authority (MISA), offers ultra-high trading leverage of up to 1:2,000, and accepts funding with crypto in the form of Tether (USDT).
One thing to note about Swift Trader is that the broker has a strong focus on the Chinese and Japanese market. The website is available in both Chinese and Japanese in addition to English, and funding through domestic bank transfer is only available in Japan using JPY. This is somewhat unusual, especially for brokers that are physically located in Australia.
Besides local bank transfers in JPY, other funding options supported by Swift Trader include international wire transfers in USD, Sticpay (with USD or JPY), and the above-mentioned stablecoin Tether (USDT).
The processing time for deposits ranges from a few minutes and up to 2-3 days for international bank wire transfers. Deposits and withdrawals are generally handled free of charge from the broker's side.
Once a deposit has been made, trading can begin on one out of three types of trading accounts that the broker offers:
– Standard Account, with a $100 minimum deposit, spreads from 2 pips and no commissions
– Pro Account, with a $1,000 minimum deposit, spreads from 0.8 pips and no commissions
– ECN Account, with a $1,000 minimum deposit, spreads from 0 pips and commissions of $6 on FX trading/$5 on metals trading/0.1% on crypto trading
All of the account types support the brokers full range of trading instruments, which includes more than 50 forex pairs, a selection of popular crypto pairs, major stock indices, energies and precious metals. Stocks, bonds and other popular asset classes are unfortunately not supported, meaning that the offering from this broker is not as wide as what we have seen from many other forex brokers in our database.
Swift Trader support is available by phone directly from the broker's physical offices in Australia. There are also other options available for getting help, including email and a messaging form on the website. Strangely, Swift Trader is one of just a few forex brokers we have reviewed that doesn't have a live chat function. However, the website does contain an extensive FAQ section, which means that the need to ask basic questions should be quite limited.
All in all, we see Swift Trader as a forex broker that aims to be the primary choice for traders in China and Japan, but perhaps less so in other countries. It's also worth noting that even though the broker has its physical offices and phone support in Australia, it does not accept Australian clients. Still, it could also be a good choice for traders from for example the EU, where there are strict limitations on trading leverage. By using an offshore broker like Swift Trader, EU traders and others can enjoy much higher trading leverage than what is normally allowed in their home countries.
