ANSWER Swipe Capital is an unregulated broker and should be avoided at all events. Swipe Capital claims to be operated by a Hong Kong-based company IB Solutions Ltd. However, it is not supervised by the authorization of the Hong Kong regulator Securities and Futures Commission (SFC), since we didn't find any information about its regulation from SFC. So Swipe Capital is actually not regulated by any financial regulator. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam broker.We would recommend traders stay away from Swipe Capital and any other unregulated brokers, since they are not subject to necessary laws and principles of operation, resulting in a high risk to trade with them.
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