Swift PUPrime: customer reviews about the company’s performance in 2023
Swift PUPrime, according to many, is considered a routine scam designed to lure clients with loud promises. Numerous negative reviews suggest that their scheme is working. Our analysis of this company’s activities will help you understand the methods they use to deceive.
Swift PUPrime: key facts
On the swiftpuprime.com page, they claim that since 2015, Swift PUPrime has become one of the world’s leading brokers, winning two prestigious awards in 2021. However, doubts have arisen about the accuracy of this information, as reports of fraud only emerged about three months ago.
Using the Whois service, we found that the domain was only registered in 2022. How is it possible that the broker operated for 7 years without a website? Obviously, Swift PUPrime exaggerates its experience to gain trust. They never actually received any awards.
The company’s headquarters address, as stated on the website, is in the UK. However, a check with Companies House revealed that the registration information was unconfirmed. Details of branches in various countries, including Canada, Spain, Turkey, Malaysia, and Australia, also could not be verified. The company’s activities appear unmonitored.
The lack of a contact phone number is another suspicious sign. Usually, scammers avoid contact with victims to evade questions about missing funds. Note that Swift PUPrime doesn’t even have a real email address. Many complaints indicate the impossibility of reaching company representatives.
Licenses and restrictions verification
Swift PUPrime lists several regulators who, they claim, oversee their operations – FCA, CySec, FSAS, ASIC. However, none of these regulators has approved such a company. Our checks have confirmed this.
Most scam reports come from CIS countries. According to the law, such companies must be licensed in each of these countries before offering services. Therefore, trading with Swift PUPrime poses a threat to traders from these regions, as local regulators are unaware of the company’s existence.
Trading conditions
Reliable brokers always provide a demo account for clients to familiarize themselves with the platform. Swift PUPrime does not do this. They insist that users immediately deposit real funds without the opportunity to test the platform. A maximum leverage of 1:500 is another indicator of doubtfulness. Genuine brokers set limits within 1:30, following global regulatory requirements.
Swift PUPrime promises:
- a minimum deposit of $500,
- four tariff plans,
- spreads from 0 to 1.3 pips,
- commissions up to 30%,
- protection from negative balance,
- consultation with a financial expert,
- access to analytical materials.
Feedback
The internet is full of negative reviews about this company. Clients complain about issues with deal closure, leading to financial losses, as well as the inability to withdraw their funds. It’s practically impossible to reach customer support.
Swift PUPrime scam scheme
The minimum deposit is $500, but that’s just the beginning. The company will give the client fake profits to encourage more investments. When a client wants to withdraw funds that simulate success, Swift PUPrime will start citing reasons for delays. They will demand additional verification and service fees. In case of suspicion from the client’s side, they may simply block the account.
Conclusion
Swift PUPrime is a dishonest broker with a fake license, no demo account, and numerous negative reviews. Don’t fall for scammers’ promises; otherwise, you’ll face financial losses soon!