Do You Want to Know If Options Swing FX Is Legitimate or a Scam Broker?
Options Swing FX says it is based in the UK, and yet it has no license from the Financial Conduct Authority, as required by law. That’s the reason they have been flagged by the FCA. What is curious about this broker is that they seemed to have taken their name from options swings, which is a term used specifically in energy investing that gives flexibility on amount paid and how much energy the client wants to trade working with a set amount.
However, this broker seems to be heedless of the source of its own name, and doesn’t say anything about options swing at the top of its page, but touts its crypto trading platform. Options are mentioned at the bottom of the page but not options swings.
The site content seems patchy and contradictory. It claims to have clients in 89 countries, which means it would have to have many licenses, although it doesn’t show proof of being regulated at all.
There Are Some Problems with Options Swing FX
Options Swing FX is like many of the brokers we review. They have been flagged by regulators, their website is unprofessional, misleading and shows no transparency into who the brokers are, their licensing and details about what they provide their clients. We don’t recommend trading with Options Swing FX, and instead, it’s wiser to research regulated brokers and choose one with a reliable reputation.
Red Flags that Options Swing FX Could Be a Scam Broker
- Flagged by the FCA
- No license
- Poor website content and design
- No transparency
- False claims
- Bad reviews
If You Need Fund Recovery from Options Swing FX , Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with Options Swing FX , close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.
