Online Investment Platform
Is Swiftflashtrade Fake or Real?
Why is Swiftflashtrade Fake?
Swift Flash Trade (swiftflashtrade.com) is a website that claims to generate profits for investors through crypto trading. In fact, the website claims that Swiftflashtrade engages in crypto pump-and-dump schemes to make ‘outrageous returns’. While pump-and-dump schemes are illegal in the stock market, the crypto world it is still a Wild West where regulators such as the SEC have just begun cracking down on crypto pump-and-dump schemes. However, Swiftflashtrade shows signs of being a complete scam with no real source of income.
They promise returns as ridiculously high as 60% per day. Such returns are not realistic or sustainable and make it obvious that the website is a scam. Swiftflashtrade also has a referral commission program where users can earn a 10% commission on deposits of their referrals. This indicates that the platform may be a pyramid scheme if not outright fraud.
A domain name lookup of the website shows that it was registered on 20th June 2022. The registrant’s details such as name, location and contact details have been falsified and the only real information seems to be the email ID ‘firstname.lastname@example.org’. Franklyn Onoaghakpote is an African name, hinting that Swiftflashtrade is likely to be operated by scammers from a country such as Nigeria or Benin. Therefore, swiftflashtrade.com is a new website that is being operated anonymously, most probably from a high-risk country.
Even though Swiftflashtrade clearly did not exist before September 2022, it is falsely mentioned in multiple instances that the website is operating since much longer than it actually is. There is absolutely nothing to indicate that the website existed before 2022 and therefore, it appears that swiftflashtrade.com are blatantly lying about the age of the company.
The website is poorly made and appears to be created using a cheap template, as with most fake investment platforms. Upon analyzing the website’s content, I found that all the text on the website has been copied and is being used on at least 196 other websites, all of which are likely to be scams. The list of sites is given at the end of the article. I also found that there are several websites that are clones of Swiftflashtrade, suggesting that the same scammers may be operating a multitude of websites.
There are no company details given anywhere on the website and Swiftflashtrade does not have a social media presence either. There are social media icons on the website but they are fake as they lead nowhere.
The only contact detail provided on the website is the email ID ‘info@Swiftflashtrade.com‘ which probably does not work. Therefore, there does not seem to be any real way to contact Swiftflashtrade for support.
I could not find any client reviews of Swiftflashtrade online. If you want to share your review of this platform, you can do so in the comments below or on my social media pages.
It seems quite obvious that Swiftflashtrade and the 196 similar websites are likely to be scams run from Africa. There are several signs suggesting it is not a genuine trading and investment firm. The website is new and is being operated anonymously. The returns being promised are too good to be true.
The site is being run by unknown owners since June 2022 and they are lying that the company is active since many years. I was able to trace 196 other websites that are similar, if not identical, to Swiftflashtrade and all seem to be scams.
The company has no social media presence and can only be contacted anonymously by email. No client reviews could be found online.
It is advisable to avoid investing with Swiftflashtrade or the 196 similar sites as there are no reasons to believe that they are genuine crypto investment firms. As a general rule, never send crypto to strangers as it cannot be recovered.
Remember: If something seems too good to be true, it probably is.
To read about other Investment Scams, click here.
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If you have been a victim of an investment scam, you can take the following steps:
- File a complaint with the payment portal. However, investment scammers mostly use methods such as Bitcoin, Western Union, MoneyGram and other untraceable methods which make refunds impossible.
- File a formal police complaint with the Cybercrime department.
- Leave a negative review on review portals such as ScamAdviser and TrustPilot.
- Report the website to Google using the Suspicious Site Reporter extension for Chrome
- Give a low rating to the website on Web of Trust. You can also install their extension for the same.
- If the company has a listing on Google My Business or Google Maps, file a complaint using the Business Redressal Complaint Form. Also, leave a negative review explaining what kind of experience you had.
- Report the scam site to web filtering companies.
List of websites related to Swiftflashtrade
Disclaimer: This review is intended for information only and should not be relied on when making financial or business decisions. If you are a website owner and would like to provide clarifications regarding your business and/or website, please get in touch using the Contact Form.