Hello, and welcome to my Swift Funding Review.
Swift Funding Prop Firm offers you an opportunity to trade with up to $200,000 of their capital in the forex market.
In so doing, the prop firm promises to offer you up to 80% of your total profits in return provided you are consistent in your trade.
To confirm your profitability and consistency, the prop firm first takes you through its two-step evaluation process.
By taking your challenge, the prop firm requires you to showcase your trading skills and profitability before allowing you to trade with their capital.
In addition, the prop firm confirms your ability to trade in the forex market within its trading rules.
By, passing their evaluation process you’ll stand a chance to get their Swift account that allows you to trade in the live market.
But, can you succeed in trading with the Swift Funding prop firm to build an income stream?
Well, by reading this review, you’ll get a detailed explanation of the Swift Funding prop firm that will help you answer this question.
For instance, I will first take you through the meaning of the program, how it works, and its funding account prices.
I will also take you through my personal opinion on the prop firm as to whether it is worth your money or another scam you should just avoid.
Taking that in mind, let us begin…
Summary Of Swift Funding Review
Name: Swift Funding
Type: Proprietary Firm
Evaluation Fee: Starts from $49 depending on the account size you choose and the funding program.
Founder: Not Disclosed
Official Site: swiftfunding.io/
Overall Rating: 7/10
My Recommendation: Not for everyone; kindly read my review to see why
Swift Funding Review – Overview
Swift Funding is one of the prop firms in the forex market that allows you to trade with their capital.
By showing your consistency in trading, you’ll get the opportunity to get a Swift Funding account and use it to trade in the forex market.
The prop firm claims to make your trading their first priority and ensure you achieve your level best in the forex market.
To ensure you stand a high chance of succeeding in your trade, the prop firm claims to provide you with the best trading conditions.
This also ensures you place your trades in the best trading environment you deserve on their platform.
Therefore, to join their trading community, the prop firm encourages you to pass their evaluation phases.
This enables you to become part of their elite circle of traders with a premier prop firm in the forex industry.
The prop firm promises to provide you with your account credentials instantly after completing your evaluation process.
This allows you to begin your trading with the live funding account and earn your profit share to help you build an income.
The Swift Funding being available in more than 193 countries across the world claims to be the best ahead of their competitors.
Can you believe them?
Well, let us look at the prop in detail.
Important: Funding Traders Review
Pros Of Swift Funding
- Offers instant account credentials
- Allows you to trade with a capital of up to $200,000
- Available in more than 193 countries across the world.
- Offers you a profit target of up to 80%.
- There is no time limit for traders.
- Has realistic profit targets in the market.
- Led by industry professionals.
Cons Of Swift Funding Prop Firm
- Lacks a free trial.
- Not for everyone.
- Not available in some countries.
Who Should Sign Up with Swift Funding?
Swift Funding Program seeks skilled forex traders who consistently earn profits.
They want traders with high profitability and rule adherence for a long-term partnership.
If you’re a capable trader, Swift Funding offers the opportunity to trade with their capital, building an income online.
Available in 193+ countries, you can join by checking platform availability, and registering if you’re 18+ with a valid ID.
Join Swift Funding for a straightforward path to a lasting trading partnership.
What Is Swift Funding?
Swift Funding is a prop trading firm that aims to bring more professionalism into the proprietary trading space.
The prop firm claims to be an industry-leading forex trading company with many decades of experience in the forex industry.
In their experience, Swift Funding promises to offer an elite level of trading support and opportunities to their consistent traders.
Through their consistent customer support, the platform claims to be an incubator that provides retailed professionalism.
The company also promises to bridge the gap that exists between the available individual retail professionalism.
They link their traders to the various opportunities available in the financial market in real life today.
The company also allows traders to access the forex markets with reduced costs and risk allowing them to generate more gains in the market.
To understand more, let us look at how the prop firm works in detail.
How Does Swift Funding Prop Firm Work?
The Swift Funding Prop Firm has up to three funding programs that offer you capital to trade in the forex market.
These funding programs are Swift Funding sprint, Swift Funding Pro, and Swift Funding elite.
A detailed explanation of these funding programs awaits you in the lower section of this review.
By choosing one of the funding programs, you’ll get the opportunity to choose an account size that matches your desires.
The account sizes vary in price and balances from $5,000 account balance to a maximum of $100,000.
From there, you can get started with your trade by taking the program challenge on the platform.
The program has three stages of trade:
Stage One: Challenge
In the challenge stage, you will have to showcase your skills by reaching the set target in the platform.
The prop firm also tests if you are profitable enough to maintain high trading consistency in your entire trading.
However, the prop firm makes use of a demo account in the challenge stage.
This makes you worry less about losing money when you make losses in your trading process.
Even if the company uses a demo account, all the trading process mimics real trading in a live account with the same latency.
This means that you will trade the same way someone using a live-funded account will trade in the forex market.
The only difference is that you are using virtual money while one with a live account uses real money to trade in the market.
Apart from being profitable, the prop firm confirms if you can trade within their set of rules in the platform.
This will enable you to maintain a good trading relationship with the company for a longer time, even in your entire lifetime.
By observing the trading rules set in the prop firm, you’ll get the opportunity to trade on the platform for the rest of your life.
If you pass this stage, you will move to the verification stage.
Stage Two: Verification Stage
This is the second stage of your challenge that concludes your evaluation stage in the platform.
In the verification stage, the prop firm checks if you truly passed your challenge stage before allowing you to get to a funded account.
This stage also makes use of a demo account that makes you worry less about losing real funds while trading in the forex market.
The prop firm sets a lower profit target in this stage and requires you to reach the target while respecting the other trading rules in the platform.
By doing so, you’ll get the opportunity to pass the stage and move to the funded account.
Stage Three: Funded Stage
In the Funded stage, you’ll get the opportunity to trade with a live funded account with the company capital.
In a live-funded account, you’ll be trading with real funds and earning real profits from the forex market.
The company then awards you up to 80% of the total profits you make from your trade to make you build income.
In addition, the prop firm requires you to maintain high profitability and consistency in your trade.
This will help you build a good trading relationship with the company to increase your trading time on the platform.
Let us now see how you can get started with this prop firm.
How Do I Get Started With The Swift Funding?
Getting started with Swift Funding is made much easier and involves taking the following steps;
Step One: Registration
First, you must register on the platform by providing your personal details.
The prop firm uses your personal details to identify you and allow you access to their services.
Joining the platform also allows you to become part of their membership team in the platform.
Step Two: Choose your Funding Program
There are up to three funding programs available on the platform with each of them having unique characteristics.
You must first go through the funding program characteristics and trading rules before choosing your preferred one.
The funding program you choose will determine your trading style, evaluation process, and account sizes.
It will also determine the trading rules you will face in the platform in your entire trading time.
Step Three: Choose Your Account Size
After choosing your preferred account size, the next step is to choose your preferred account size in the platform.
The account sizes range depending on the capital and price that covers a range of traders.
The account size you will choose depends on the amount you can pay on the platform.
For instance, you can go by choosing a lower account size of a $5,000 balance that will cost you a much lower price.
If you can raise a higher capital, you can choose a higher account size of maybe $100,000 which costs much more.
Please check the pricing section of this review to get details on the costs associated with the available account sizes on the platform.
Stage Four: Start Your Challenge
When you make a payment of your account size, the prop firm takes the shortest time possible to process your payment.
The prop firm then sends your account credentials instantly after the processing is complete.
This allows you to begin your trading journey by taking your challenge on the platform.
What Is Contained In Swift Funding?
The Swift Funding prop firm contains three funding programs.
The funding programs include:
Swift Funding Sprint
The Swift Funding Sprint is the first option of a funding program that contains one challenge and a funded account.
This means that you’ll only have to take a step evaluation process before moving to a funded account.
The Swift Funding Sprint contains up to five account sizes as shown below:
- $5,000 account size.
- $10,000 account size.
- $25,000 account size.
- $50,000 account size.
- $100,000 account size.
Swift Funding Pro
This is the second funding program that offers you an opportunity to trade in the forex market with different account sizes.
The Swift Funding Pro platform has a two-step evaluation process which includes a challenge stage, a verification stage, and a funded account.
The Swift Funding Pro contains the following account sizes:
- $5,000 account size.
- $10,000 account size.
- $25,000 account size.
- $50,000 account size.
- $100,000 account size.
Swift Funding Elite
This is the last option of the funding programs available on the platform.
The Swift Funding elite also contains a two-stage evaluation stage in the platform which you must pass for you to get a funded account.
The account sizes in Swift Funding Elite include the following:
- $5000 account size.
- $10000 account size.
- $25000 account size.
- $50000 account size.
- $100000 account size.
What Are The Trading Rules Used In Swift Funding?
The trading rules in the platform depend on the funding program you choose in the platform.
Let us look at each of the funding program trading rules:
Swift Funding Print Firm Trading Rules
Profit Targets
The Swift Funding Sprint Funding program only has a single-stage evaluation with a profit target of 10%.
There is no profit target set in the funded account allowing you to trade at your own set profits.
If you pass the 10% profit target set in the one-stage evaluation, you will get a chance to move to a funded account.
Maximum trading period
The Swift Funding Print funding program offers an unlimited trading period.
Minimum Trading Days
The minimum trading days are set at one day.
This means that you must spend at least one day in the challenge stage before you can move to a funded account.
Trading leverage
The account leverage is set at 1:100.
Maximum Daily loss
The daily loss limit is set at 4% in the challenge stage and funded account stage.
The daily loss is calculated based on the initial account balance.
For instance, if your initial account balance is $10,000, your maximum daily loss limit will be $400.
Maximum overall loss
The maximum drawdown in the Swift Funding Sprint is set at 6% in both the challenge and funded account stages.
The maximum drawdown is calculated as a percentage based on the initial account balance in the platform.
For instance, if your original account balance is $100,000, your maximum drawdown will be $600.
Weekend Holding
The prop firm allows you to trade or hold your trades when you wish to do so on the platform.
News Trading
News trading is allowed in the Swift Funding Sprint funding program.
Profit share
The prop firm offers you a profit share of up to 80% of the total profits you make from your trades in the forex market.
For instance, if your total profits are $1,000, you will be able to earn up to $800 while the prop firm takes the remaining $200.
Swift Funding Pro Trading Rules
Profit Targets
The Swift Funding Pro Funding program has a two-stage evaluation process with different profit targets.
In the challenge stage, the profit target is set at 8%.
In the verification stage, the profit target is set at 5% with no profit target set in the funded account.
Maximum trading period
The Swift Funding Pro funding program offers an unlimited trading period.
Minimum Trading Days
The minimum trading days are set at one day.
This means that you must spend at least two days in the evaluation stage before you can move to a funded account.
Trading leverage
The account leverage is set at 1:100.
Maximum Daily loss
The daily loss limit is set at 5% in the evaluation stage and funded account stage.
The daily loss is calculated based on the initial account balance.
For instance, if your initial account balance is $10,000, your maximum daily loss limit will be $500.
Maximum overall loss
The maximum drawdown in the Swift Funding Pro is set at 8% in both the evaluation stage and the funded account stage.
The maximum drawdown is calculated as a percentage based on the initial account balance in the platform.
For instance, if your original account balance is $100,000, your maximum drawdown will be $800.
Weekend Holding
The prop firm allows you to trade or hold your trades when you wish to do so on the platform.
News Trading
News trading is allowed in the Swift Funding pro-funding program.
Profit share
The prop firm offers you a profit share of up to 80% of the total profits you make from your trades in the forex market.
For instance, if your total profits are $1,000, you will be able to earn up to $800 while the prop firm takes the remaining $200.
Swift Funding Elite Trading Rules
Profit Targets
The Swift Funding Elite Funding program has a stage evaluation process with different profit targets.
In the challenge stage, the profit target is set at 8%.
In the verification stage, the profit target is set at 5% with no profit target set in the funded account.
Maximum trading period
The Swift Funding Elite funding program offers an unlimited trading period.
Minimum Trading Days
The minimum trading days are set at one day.
This means that you must spend at least two days in the evaluation stage before you can move to a funded account.
Trading leverage
The account leverage is set at 1:100.
Maximum Daily loss
The daily loss limit is set at 5% in the evaluation stage and funded account stage.
Maximum overall loss
The maximum drawdown in the Swift Funding Elite is set at 10% in both the evaluation stage and the funded account stage.
For instance, if your original account balance is $100,000, your maximum drawdown will be $1000.
Weekend Holding
The prop firm allows you to trade or hold your trades when you wish to do so on the platform.
News Trading
News trading is allowed in the Swift Funding Elite funding program.
Profit share
The prop firm offers you a profit share of up to 80% of the total profits you make from your trades in the forex market.
What Is Swift Funding Trusted Broker?
Swift Funding uses ThinkMarkets as its main trusted broker.
ThinkMarket is one of the largest brokers in the forex market with the best trading environment.
The prop firm partners with ThinkMarkets to ensure all your trades are secure and safe throughout your trading journey.
Important: Funded Engineer Review
What Trading Instruments Are Allowed In Swift Funding?
Swift Funding allows you to trade various instruments which include the following:
- Forex Majors
- Forex Minors
- Indices
- Cryptocurrencies
- Commodities
- Forex Exotics
Does Swift Funding Have A Scaling Plan?
Swift Funding offers you a scaling plan that allows you to increase your account balance by 25% every three months.
For you to qualify for the scaling plan, you must have maintained a profit target of 12% in the past ninety days.
The maximum capital you can trade in the platform is set at $200,000.
What Is The Cost Of Joining The Swift Funding?
The cost of joining Swift Funding depends on the Funding program you choose and the available account size.
Here are the available funding programs, account sizes, and their corresponding prices:
The Swift Funding Print account sizes and their corresponding prices:
- $5,000 account size costs $49.
- $10,000 account size costs $99.
- $25,000 account size costs $199.
- $50,000 account size costs $299.
- $100,000 account size costs $499.
The Swift Funding Pro account sizes and their corresponding prices:
- $5,000 account size costs $49.
- $10,000 account size costs $99.
- $25,000 account size costs $199.
- $50,000 account size costs $299.
- $100,000 account size costs $499.
The Swift Funding Elite account sizes and their corresponding prices:
- $5,000 account size costs $69.
- $10,000 account size costs $129.
- $25,000 account size costs $239.
- $50,000 account size costs $349.
- $100,000 account size costs $539.
What Is Swift Funding Payout Process?
The prop firm doesn’t disclose the payout period on its website.
According to the information available on their website, the minimum amount you can withdraw from their platform is set at $655.
You can make your withdrawal via the following payment methods;
- Rise payments
- Wire Transfer
- Cryptocurrencies
Does Swift Funding Offer A Refund Policy?
The refund policy available on the platform is only applicable to traders who quit their trading process in the program.
If you quit the program in the first 14 days of your registration in the platform, you’ll reclaim back your registration fee.
In the process, you’ll have to submit your refund application and let the company support team approve it to receive back your funds.
However, if you advance to the funded account, your registration will not be refunded in your first payout as with most prop firms.
Is Swift Funding Prop Firm A Scam?
In my view, Swift Funding is not a scam.
The prop firm provides a chance to explore online trading through its funding program, aiming to help you achieve financial freedom.
However, they are selective in partnering with consistent and profitable traders who adhere to their rules.
To join, you need to trade within their guidelines and maintain profitability.
The firm assesses your trading skills and adherence to rules through an evaluation process.
If you lack the necessary skills or aren’t a proficient trader, passing the evaluation might be challenging, denying you access to the platform.
Swift Funding prop firm, while legitimate, isn’t suitable for everyone.
If it’s not a fit or not available in your country, don’t worry.
There is another prop firm like Next Step Funded that you might want to consider.
My Assessment of Swift Funding
Profits Split: 8/10
The prop firm offers a relatively best profit share of up to 80% of the total profits you make on the platform.
This makes it one of the best-paying prop firms in the forex market allowing you to earn more from your trade.
Scaling Opportunities: 7/10
The prop firm also offers you the best scaling plan that increases your account balance by 25%.
This increases your account size to a maximum trading balance of $200,000.
The scaling plan enables you to increase your account size and earn more from your trading journey.
Profits Targets: 7/10
The Swift Funding offers you realistic profit targets that are easy to pass in the forex market.
The realistic profit targets make the prop firm target more traders getting the opportunity to succeed in passing their evaluation process.
This allows you to easily move to a funded account and start trading with a live account that has real funds.
Affordability: 6/10
The prices of the Swift Funding are fairly affordable for most traders in the forex market.
You can own a trading account with as little as 49 dollars to enable you to start trading on the platform.
This makes the prop firm funding programs affordable to most traders in the forex industry.
Trader Supports: 6/10
The prop firm offers premium trader support to their traders to enable them to succeed in the trading journey.
This enables you to easily manage your trading process on the platform.
Tradable Assets: 7/10
There are various tradable assets available in the platform allowing you to have many options of instruments to trade.
The assets that include forex pairs, indices, commodities, and commodities provide you with more trading options to increase your chances of success in your trade.
Trustworthiness: 7/10
The prop firm partners with a regulated broker to ensure all your trading processes and funds are safe and secure.
The prop firm also allows their traders to get access to their funds and make withdrawals after attaining a minimum withdrawal amount of $65.
This makes it build more trust among their traders in the forex market.
My Overall Rating is 7/10
Overall, I rated Swift Funding 7/10, considering it one of the top-performing prop firms in the forex market.
What Are People Saying
Here is what traders are saying about Swift Funding prop firms online;
The Swift Funding Rating Trustpilot
Swift Funding has an excellent rating in Trustpilot from a sample of 32 reviewers.
From the sample reviewers, the prop firm earned up to 81% five-star rating as shown below;
FAQs About Swift Funding
Can I Merge My Accounts In The Swift Funding?
Swift Funding allows you to merge your trading account but with the following conditions;
The accounts you’re merging must be untraded in the platform and hold no active trade at the time of merging.
The accounts you are merging must be in the funded stage only, meaning that you can’t merge accounts in the evaluation stage.
Can Someone Else Trade My Account In The Swift Funding?
If you pass your evaluation and move to a funded account, the prop firm expects you to continue with the same consistency.
If you give another person to trade your account and lower your consistency, your account will breach the consistency rule in the platform.
This will risk your account being suspended denying you the opportunity to continue trading on the platform.
Can I Change My Account Credentials In The Swift Funding?
To increase integrity and maintain fairness in the trading environment, the prop firm doesn’t allow you to change your trading password on the platform.
Maintaining your password in all the trading stages will help the company monitor your trading evaluation.
It will also help the prop firm monitor your trading activities throughout your trading journey on the platform.
What Happens If I Violate A Trading Rule In The Swift Funding?
If you violate any trading rule in the platform, you will risk your account being terminated denying you the opportunity to continue trading.
The trading rules that can lead to your account termination include daily drawdown and maximum drawdown.
In addition, failure to reach the set profit target will also lead to your account being terminated from the platform.
Thank you for reading my Swift Funding Review.
If you have any questions regarding this review, feel free to let me know.
I’ll get back to you as soon as possible.