Company Information

Company Name: Swift Funding
Company Legal Name: WWVL Swift Solutions Ltd
Company Registration No.: C452157
Operating Since: Undisclosed
CEO Name: Kevin Alexander Warner

Challenge Details

Swift Funding had offered two types of challenge programs: Sprint and Pro, both designed to accommodate traders of varying experience levels. Here’s an overview of the pricing and rules of these challenges:

Sprint Challenge Details

Pricing:

Size: $5,000 ($49)
Size: $10,000 ($99)
Size: $25,000 ($199)
Size: $50,000 ($299)
Size: $100,000 ($499)

Rules:

Profit Target: 10%
Total Loss: 6%
Daily Loss: 3%
Profit Share: Undisclosed
Drawdown Type: Undisclosed
Time Limit: Unlimited
Leverage: 1:50
Max Lot Size: No limit
Payout Frequency: Undisclosed
Allowed Copy Trading: Undisclosed
Min Trading Days: Undisclosed

Pro Challenge Details

Pricing:

Size: $5,000 ($49)
Size: $10,000 ($99)
Size: $25,000 ($199)
Size: $50,000 ($299)
Size: $100,000 ($499)

Rules:

Profit Target (Phase 1): 8%
Profit Target (Phase 2): 5%
Total Loss: 8%
Daily Loss: 5%
Profit Share: Undisclosed
Drawdown Type: Undisclosed
Time Limit: Unlimited
Leverage: 1:100
Max Lot Size: No limit
Payout Frequency: Undisclosed
Allowed Copy Trading: Undisclosed
Min Trading Days: 1

Scaling Plan

Swift Funding did not offer a scaling plan.

Spreads and News Trading Rule

Spreads:

Swift Funding did not mention any information related to applied spreads on their platform.

News Trading Rules

Swift Funding did not mention any information on if they allow news trading on their platform.

Other Important Rules

Daily Drawdown Calculation

Swift Funding did not mention any information on their daily drawdown calculation.

Countries Banned from Purchasing

Swift Funding adhered to regulatory compliance and restricted traders from countries on the OFAC list or other sanctioned regions, including:

Cuba
Iran
Lebanon
Libya
North Korea
Pakistan
Somalia
Sudan
Syria
Vietnam
Yemen

Prohibited Trading Strategies

Swift Funding had a strict policy against certain trading strategies to ensure fair trading practices. The prohibited categories included:

High-Frequency Trading
News Scalping
Arbitrage EAs (Reverse and Latency)
Multi-Account Reverse Trading
Tick Scalping
EAs Designed to Abuse Demo Servers

Payout Methods

Swift Funding offered two main payout methods :-

Crypto
Rise

Trading Commissions

Swift Funding did not mention any information on how much trading commissions was charged on their platform.

IP Rule

Swift Funding did not mention any information related to IP Rule on their website.

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