SwiftOption was an unlicensed binary options broker owned by Green Galaxy International S.A. They are located at 1st floor, Dekk House, Zippora Street, Mahe, Seychelles. There is no phone number listed on the website. Their email address is firstname.lastname@example.org.
If you have a complaint about your broker, read this.
The trading software SwiftOption gives client is called the Tradologic platform. It gives you a variety of binary option types including; The platform gives traders Digital, Touch, Range, Turbo, One Touch, Advanced and 5 Ticks. Returns on $EUR/USD options are between 70% and 80%.
In total you have over 200 assets available to trade, 38 Forex pairs, and 142 stocks. The trading platform is available in English and Russian.
On the SwiftOption website you will not find any auto trading robot or signals, but there are many providers that work with them.
Warning: Most automated trading robots do not make money and are really bad.
If you want to see a real automated trading systems look here.
When the Scam Broker Investigator reviews binary option brokers to determine if they are legit or a scam broker, we look for a license. If the broker is actually licensed, it is usually from CySEC, ASIC or CONSOB.
The SwiftOption website says that they are licensed by the Seychelles Securities and Exchange Commission, under Green Galaxy International S.A, license number 117556. When we checked the FSA Seychelles we couldn’t find their license.
It is important for traders to understand the importance of trading with a licensed broker. Visit the licensed brokers to see regulated brokers.
Warning from ASIC Australia
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence.”
There a few licensed brokers you can trade with see here.
Are you currently trading binary options with Swift Option? Please write your own review in the comments section below.