What license does Swift Mining 247 have?

https://www.swiftmining247.com/    

Swift Mining 247 appears to have no licenses to operate as a forex broker. Its claim about the regulatory status is unfounded and there are several warning signs suggesting that it may be a scam.

Swift Mining 247 purports to be licensed by the Mauritius Financial Services Commission (Mauritius FSC). However, our search for this company in the register of the Mauritius financial regulator didn't yield any results. This is a red flag for a scam.

On its website, Swift Mining 247 portrays itself as a 23-year-old company in this industry. However, its domain name, swiftmining247.com, was first registered in March 2023. This discrepancy strongly indicates that it is not an honest entity. We tried to access its legal documents, only to find the links to these documents directed us to the registration page. As for the contact information, there lacks a phone line for clients to reach them. This absence is a warning sign as the email address and web form are easy to change and fake. If Swift Mining 247 disappears, so do these ways for communication.

Further more, we noticed that Swift Mining 247 displays a website address of another Mauritius FSC-registered broker to imply that they may be associated. We contact this licensed platform and confirmed that they have nothing to do with Swift Mining 247. The practice of misusing other company's information further indicates that Swift Mining 247 is fraudulent.

Therefore, Swift Mining 247 is a scam that you should avoid. It poses substantial risks of fraud and identity theft. To protect investors' interests and mitigate such risks, it is advisable to choose fully regulated brokers.