ANSWER Dear Investor,
We do not recommend using the GSwap platform for trading due to its lack of basic and valid regulatory credentials.
GSwap has not provided any verifiable regulatory information on its website. It merely claims that GSwap Ltd. is registered in Saint Lucia and that its parent company, GSwap Financial Group, was established in the United Kingdom. First, while we did find corresponding results in the registry of Saint Lucia International Financial Centre(IFC), please be aware that the Saint Lucia IFC does not regulate forex trading or issue licenses; this merely indicates that the company is registered as an International Business Company (IBC). Second, we found no relevant results in the system of Financial Conduct Authority (FCA), meaning the group it claims was established in the UK is not authorized by UK regulatory authorities.
Based on these findings, GSwap is highly likely to be entirely unregulated. We strongly advise you to avoid investing with such high-risk brokers.
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