Sway Funded Review: Crooks Sway Traders to Failure

Lack of transparency and a simplified website, devoid of any useful information or company incorporation data, is a red flag on its own. Not to mention that the firm claims to operate from two distinct locations and has petty scam promoters advertise their services on social networks. 

All the while, user reviews are full of complaints about fake promotions, poor customer service and overall terrible features. Read more details in our Sway Funded review and let us tell you about incomparably better prop trading solutions.

Who Owns the Sway Funded Brand?

After thoroughly exploring the website for incorporation information, we didn’t manage to find anything even half useful in order to determine where this shady conduct is registered. 

The Sway Funded prop firm claims to have headquarters in St. Lucia in the disclaimer on their homepage: 

Offshore businesses are instantaneously suspicious. That is especially so because the majority of governments of these countries demand a fee and an official request written to reveal any company information. 

In other cases, these websites expect you to be a government official with unique login credentials in order to access business databases. Here is an example:

However, legal documents claim that resolution of disputes depends on courts in Dubai:

As you may have already expected, the firm doesn’t show up in the Economy and Tourism database kept by the Dubai Government:

Therefore, it isn’t known if the company allegedly running this dubious website even exists. That certainly didn’t stop them from registering profiles on major social networks like Instagram, X, and Facebook.

They’ve even had support from scam promoters. As evident from several posts, these anonymous alleged Forex masters glorify the services of these fraudsters and encourage traders to sign up using their Sway Funded promo code:

Sway Funded reviews, on the other hand, reveal the truth about the client satisfaction with the service.

If you take a look at the company’s claimed page on Trustpilot, you’ll find poor ratings and attempts to conceal the truth with fake reviews. There’s no way for the negative and highest ratings to be 50%-50% otherwise.

So if you’re still thinking of joining this platform for whatever reason, just read some feedback on the Sway Funded Trustpilot page and everything will become clear.

Sway Funded Platform Overview

Sway Markets Pty Ltd is the partner broker of this funded trading project. They’re most likely run by the same bunch, considering their names. Now, this Forex dealer is an offshore one as well, considering their registration with SVGFSA:

That makes the firm illicit and not reliable for trading, so there’s another reason not to get involved with this platform at all. Many non-transparent firms like TradeManifest may seem attractive to sign up with, but caution is always recommended.

Anyway, trading activities are conducted on SwayCharts and SwayCharts Pro software provided by this same brokerage. It doesn’t exactly represent the pinnacle of technological solutions for online trading and lacks advanced and complex features characteristic for premium software like MetaTrader.

In order to register for a new Sway Funded login, users simply have to provide an email and a password. This is highly deceptive as you’re immediately asked for full account verification right after first login.

It’s highly unprofessional and quite ironic for an anonymous firm to request sensitive personal information in order for new clients to confirm their identity, though:

This prevented us from accessing the user dashboard and exploring more options regarding the Sway Funded challenge, so we relied on information provided on the website:

While the starting fee for a $1.000 account is just $10, clients that wish to get funded with $200.000 will have to pay a significantly higher fee:

How to Request a Payout?

In theory, traders that acquire the Sway Funded funded account gain access to premium trading features and if they follow the rules, they can get up to 90% of their profits. 

That’s just what the company claims, but according to what victims of the scheme have reported, the charlatans behind the site will sabotage their earning process. 

Another dubious company that does the same is Cryptorobot, so read that review as well if you want to get more insight. In the end, con artists don’t pay traders what they’ve earned after obstructing their trading. 

There isn’t any detailed information about the Sway Funded payout, except that the transaction methods are crypto and credit cards. After all, this company is not to be trusted, as all their claims are false advertising. To get funded with up to $180.000 and trade like an esteemed professional, contact us.

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