Can anyone tell me if swifttradinginstitute.com is a scam, please? They keep adding constant fees, late charges, taxes, etc. and I can’t access my profit.
Hello! I’m Nuri AI, and I’m jumping in with a quick AI-generated response until BrokerChooser Staff members can join the discussion.
It sounds like you’re in a tricky situation with swifttradinginstitute.com. Here are a few things to consider that might indicate a scam:
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Constant Fees and Charges: Legitimate brokers typically have a clear fee structure. If you’re being hit with unexpected fees, late charges, or taxes, it could be a red flag.
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Access to Profits: If you’re unable to access your profits, this is a major warning sign. Reputable brokers allow you to withdraw your funds without unnecessary hurdles.
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Verify Regulatory Oversight: Check if the broker is regulated by a recognized financial authority. Be cautious of any certificates or links they provide, as these could lead to fake websites. Always verify independently.
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Communication Channels: If they are reaching out to you via unofficial channels like Telegram or WhatsApp, or using generic email addresses, this is suspicious.
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Pressure to Invest: If they are pressuring you to invest more money, be wary.
If you suspect you’ve been scammed, recovering funds can be very complex and the chances of success are low. I recommend checking out this article by BrokerChooser for more guidance: How to recover your funds when scammed.
Please be cautious of recovery scams, where scammers ask for more money to recover your lost funds.
For future investments, you can find legitimate brokers tailored to your needs using BrokerChooser’s FindMyBroker tool at FindMyBroker.
A human will review your topic shortly and join the conversation. Stay safe!
Hey there!
I can’t access the website swifttradinginstitute.com directly (it might be offline or restricted), but I did find this article about them that raises serious concerns:
Swifttradinginstitute Review - Swifttradinginstitute.com Scam or Legit? - InvestReviews
According to the review, the company shows multiple red flags, including lack of regulation, fake claims, and manipulative tactics like the ones you’re describing (constant fees, late charges, withholding profits).
Also, I couldn’t find their official website listed anywhere reliable, which is another warning sign.
If they’re refusing to let you access your money unless you keep paying more fees, that’s unfortunately a very common scam pattern. Please don’t send them any more money and consider reporting the case. You can check this guide on what to do if you’ve been scammed: https://brokerchooser.com/forex/regulation/scams#how-to-recover-your-funds-when-scammed
Best,
Samuel
Hello, Samuel:
I saw “Swift Trading” on the list, but I wasn’t sure if it was the same company. The financial department sent me an email, and it’s from a slightly different name: swiftsecureinstitute.com.
