Broker Review

Unauthorised Firm Details

Name: Coin-swift.com
Website: www.coin-swift.com

Investigation Report: COIN SWIFT Investment Platform Raises Major Red Flags

COIN SWIFT, found online at coin-swift.com, promotes itself as a digital investment platform offering various investment opportunities to individuals worldwide. The platform presents multiple account tiers Starter, Classic, Professional, and VIP each requiring a different minimum deposit, ranging from $600 to $5,000 USD, with no stated maximum deposit limits. At first glance, this may appear to be a standard financial service catering to different investor levels. However, upon closer investigation, serious concerns have emerged regarding the legitimacy and regulatory status of this operation.

COIN SWIFT claims to operate from the address “67 Wellington Road, North Stockport, Cheshire,” United Kingdom. While this may appear legitimate, our research shows that this address is either a virtual office or potentially fabricated, as there is no verifiable evidence that COIN SWIFT has a physical or operational presence at this location. It is also important to note that simply listing a UK address does not grant a company the right to operate financial services there. All financial firms in the UK must obtain FCA approval, which COIN SWIFT clearly lacks.

Domain Registration Details and Transparency Issues

Another concerning detail is the registration of the domain coin-swift.com, which was created on March 11, 2024. The domain has only been registered for one year, which is unusually short for a platform claiming to offer long-term investment opportunities. Moreover, the registrant of the domain has used privacy protection services to hide their identity. While this practice is not inherently illegal, it is often used by fraudulent or suspicious entities to avoid traceability and accountability.

A legitimate investment firm should have no reason to hide the identity of its website registrant, especially when dealing with client funds and sensitive financial transactions.

Reports of Fraudulent Activity and User Complaints

In addition to the regulatory and operational concerns, our team received multiple reports from users who claim to have been defrauded by COIN SWIFT. These reports include cases of:

• Non-payment or withdrawal issues, where users were unable to retrieve their funds.

• Aggressive marketing tactics, including unsolicited messages promising unrealistic returns.

• Account freezing or sudden account terminations without justification or communication.

• Pressure to invest more money in order to access “promised returns.”

Furthermore, COIN SWIFT has been mentioned in several scam-reporting websites and verified review platforms, where numerous users have documented their negative experiences. The consistency and volume of these complaints add credibility to the suspicion that COIN SWIFT is not a trustworthy investment provider.

Summary and Advisory

• The lack of authorization to operate in the UK,

• The unverifiable business address,

• The domain privacy and short registration period, and

• The numerous complaints and reports of fraudulent activity,

we strongly advise the public to avoid investing with COIN SWIFT. All indications suggest that this platform is operating without proper regulation, and its actions may constitute a financial scam.