SW1options Broker Review

SW1options Broker Review
Ines Matkovich
We do not recommend trading with this broker. There is a reasonable doubt that SW1options is a scam. Try trading with HighLow instead. SW1options is a new binary options trading broker that claims to deliver fully protected trading and expert guidance. According to their website, SW1options provides safe depositing and withdrawing, as well as high ethical... Read more
We do not recommend trading with this broker. There is a reasonable doubt that SW1options is a scam. Try trading with HighLow instead. SW1options is a new binary options trading broker that claims to deliver fully protected trading and expert guidance. According to their website, SW1options provides safe depositing and withdrawing, as well as high ethical and moral standards. They claim how SW1options helps traders every step of the way. SW1options review will help traders make a good decision when it comes to trading with SW1options as it explains all important elements of trading with this broker.
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  1. We do not recommend trading with this broker. There is a reasonable doubt that SW1options is a scam. Try trading with HighLow instead.

    SW1options is a new binary options trading broker that claims to deliver fully protected trading and expert guidance. According to their website, SW1options provides safe depositing and withdrawing, as well as high ethical and moral standards.

    They claim how SW1options helps traders every step of the way. SW1options review will help traders make a good decision when it comes to trading with SW1options as it explains all important elements of trading with this broker.

  2. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!

    Your capital is at risk
  3. SW1options Special features

    According to the information found during SW1options review, this broker has 4 accounts that traders can use for binary trading. Unfortunately, deposit limits are not listed in account descriptions. This practice is something that should never be supported as traders have the right to know how much money they have to deposit in order to trade with a certain broker.

    Basic SW1options Trading Account

    • Low bonus rate
    • One-on-one trading training

    Premium SW1options Trading Account

    • Account manager
    • Trading Signals
    • Medium bonus rate

    Platinum SW1options Trading Account

    • Trading tips
    • Trading strategies
    • High bonus rate

    SW1options Premium Placement Program

    • Unlimited strategy
    • High bonus rate

    SW1options account descriptions are extremely vague and additional information would be more than welcome.

    SW1options review found no mentioning of a demo account, but as it can be seen in account descriptions there are some bonuses waiting for traders. Unfortunately, SW1options bonus rules are as poorly introduced as trading accounts, as no bonus terms are available in terms and conditions. This is a frequent practice among scams so we don’t support accepting the bonus with this broker.

    SW1options demo account is available immediately upon registration with $500 virtual funds. SW1options demo is available for 30 days.

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  6. SW1options Trading software

    SW1options review noted that this broker has a proprietary platform that is somewhat difficult to use, especially for beginners in binary options trading. Traders first have to choose an asset and then select a chart for a specific asset. This can lead to many confusions while trading with SW1options, as traders can easily select the wrong asset. On most modern platforms, this is something that is done automatically after the asset has been selected.

    Traders can choose among several indices, stocks, commodities and currencies for trading, while expiry times range from 1 minute to 180 days. However, all these are selected in small drop-down menus that are not very user-friendly.

    The SW1options website is somewhat complicated to navigate, just like the platform is. Unfortunately, there is no mentioning of any sort of mobile app or mobile platform that can be used for trading on the go. Binary mobile apps are mandatory these days, and it is very surprising that a modern broker doesn’t have one.

  7. If you want to trade with an Automated Trading Robot, we recommended using FX Master Bot

  8. SW1options Support information

    SW1options website is available only in English, just SW1options trading platform. This can be considered very restrictive for traders who don’t speak English language. Additional languages would be great addition to this already complicated trading platform.

    Unfortunately, SW1options review noted that this broker fails to deliver when it comes to education, as well. Besides FAQ that explains only the most important questions about trading with this broker, SW1options delivers no educational materials until the deposit is made. Even then, there is no guarantee that traders will be provided with videos and other materials, as there is no ‘Education’ tab on the platform.

    Modern traders appreciate detailed educational materials, so it is unusual that SW1options didn’t include any.

    Customer support can only be reached via phone, email and online form, which makes it impossible to get a quick answer to a crucial question.

  9. Try a simpler way of trading with FXMasterBot

  10. SW1options Payment Methods

    Even though SW1options review noticed that this broker advertises many banking methods, during testing of the platform it occurred that they support only credit cards and wire transfer. This is very misleading for traders who were counting on more depositing and withdrawing methods.

    Minimal deposit with this broker is extremely high – $3000. Unfortunately, SW1options minimum withdrawal is nowhere mentioned. This is another way to deceive traders and can be a sign of scam broker. Withdrawal is not well explained in Terms and conditions either. Generally speaking, Terms and conditions don’t properly define obligations of both broker and the trader which leaves too much space for manipulation and scam behavior.

    SW1options review noted that there are many information this broker doesn’t provide and that are of crucial importance for traders. Bonus terms, withdrawal process and withdrawal amount are being hidden from traders. Unfortunately, they can’t access it without reaching out for the broker, which means providing personal data.

    SW1options is an unregulated broker. It is in the ownership of SW1 Options Ltd.

  11. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!

    • Choice of reputable brokers
    • Free forex & crypto signals
    • Advanced trade settings

    Try a simpler
    way of trading
    with FXMasterBot

  12. Your capital is at risk
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