About Swift Bit Options
🗺️ Registered inSt. Vincent and the Grenadines
🗺️ Type of LicenseOffshore License
🛡️ Is Swift Bit Options safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

Swift Bit Options (SBO) claims to be a broker that offers investment accounts to trade in Forex, cryptocurrencies, Contracts for Difference, options, and other investment products. The company is owned and operated by Swift Bit Options Ltd. with registration in St. Vincent and the Grenadines and Seychelles. Both locations are offshore zones that considered to be popular among unregulated forex brokers. It is risky to trade with the offshore-registered brokers as they usually don’t have licenses and are not overseen by any proper regulator.
Swift Bit Options also states to be a member of the Financial Commission (FinaCom). The membership guarantees that clients of Swift Bit Options are under the protection of this organization, however, FinaCom is self-regulated and do not strictly regulate or oversee the companies.
In addition, the British Columbia Securities Commission has issued a warning against Swift Bit Options:
“We recently became aware of Swift Bit Options (SBO) and that it had accepted funds from a British Columbia (BC) resident to trade with the company. SBO is not registered to trade in, or advise on, securities or exchange contracts in BC.”

To sum up, dealing with unregulated offshore companies such as Swift Bit Options is very risky as they don’t guarantee the safety of customers’ funds. We recommend dealing with the entities authorized by the serious and reliable authorities, where regulation is strict. For example, you can choose regulated brokers from the FCA in the UK or ASIC in Australia.

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