ANSWER Dear Investor,Thank you for reaching out. While Sway Markets is under a certain level of regulatory oversight, we advise caution when dealing with this broker.Sway Markets claims to be registered in St. Vincent and the Grenadines, an offshore center known for its lax regulations. The financial authority there does not license or regulate forex trading brokerage activities. Additionally, Sway Markets claims to hold an AR license from the Australian Securities and Investments Commission (ASIC). However, there is no solid evidence to verify this claim, as ASIC does not provide the registered web address of the licensee for verification.Therefore, Sway Markets is not operating in a strictly regulated environment, and investors are not fully protected by stringent rules. For a safer trading experience, we recommend choosing brokers that are fully regulated by top-tier financial watchdogs.
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