Sway Markets
On the desk for one reason: licence no longer active on file. 2 register lines are on this file, spread across 2 legal entities in 2 jurisdictions, none of them with a top-tier regulator.
On the wire
2 items · 0 noticesThin file. Most of the commercial detail is unconfirmed and is left blank rather than estimated.
- 01register entry
None (SVG company registration only; CFTC RED List entry) for Sway Markets Pty Ltd LLC (SVG Company No. 1647 LLC 2021)
Source: cftc.gov
- 02register entry
ASIC (company register — deregistered; ABN cancelled 25 Jun 2025) for Sway Markets Pty Ltd (ACN 663 928 158) — no longer active
Source: publishednotices.asic.gov.au
Entity by entity
2 lines| Regulator | Jurisdiction | Entity as registered | Number | Tier | Source |
|---|---|---|---|---|---|
| None (SVG company registration only; CFTC RED List entry) | Saint Vincent and the Grenadines | Sway Markets Pty Ltd LLC (SVG Company No. 1647 LLC 2021) | not verified | T3 | cftc.gov |
| ASIC (company register — deregistered; ABN cancelled 25 Jun 2025) | Australia | Sway Markets Pty Ltd (ACN 663 928 158) | not verified | T1no longer active | publishednotices.asic.gov.au |
Tier is the desk's shorthand for the supervising regime, not a quality score: T1 a top-tier statutory regulator, T2 a mid-tier one, T3 an offshore registration.
Commercial detail on the record
| Minimum to open | $10 |
|---|---|
| EUR/USD spread as published | not verified |
| Leverage as advertised | up to 1:500 |
| Platforms | MT4 · MT5 |
| Account books | ECN · No Commission · VIP · Islamic |
What the record says
The CFTC added Sway Markets (swaymarkets.com, origin Saint Vincent and the Grenadines) to its Registration Deficient (RED) List on 29 May 2025 (cftc.gov)
ASIC published a proposed deregistration notice for Sway Markets Pty Ltd (ACN 663 928 158).
Trade press reported in 2025 that Sway Markets suspended its brokerage operations while its prop-trading arm Sway Funded continued.
Saint Vincent and the Grenadines FSA does not regulate forex or CFD trading, so an SVG registration is not a trading licence.
Sway Markets' own legal pages state the operating company is 'Sway Markets Pty Ltd LLC', registered in Saint Vincent and the Grenadines under company number 1647 LLC 2021, and that the Australian entity Sway Markets Pty Ltd (ABN 16 663 928 158) operated only as a Corporate Authorised Representative (CAR 001300469) of MGF Capital Pty Ltd (AFSL 421246), authorised for wholesale clients only and not as a product issuer of OTC derivatives (web.archive.org)
ABN Lookup shows the ABN of Sway Markets Pty Ltd (16 663 928 158) was cancelled from 25 June 2025 (abr.business.gov.au)
The broker's own trading rules stated a $10 minimum deposit, and its terms authorised the firm to sell, pledge, rehypothecate, assign, invest, commingle or otherwise use client collateral (web.archive.org)
The US CFTC placed Sway Markets on its RED List on 29 May 2025, stating the entity solicits and/or accepts funds from US customers, appears to require CFTC registration but is not registered, and noting the listing is not a finding of a violation (cftc.gov)
Not verified
15 fieldsThe desk left these blank rather than fill them from secondary sources. They stay on the file as open questions and will be filled the day a primary source carries them.
- founding year
- headquarters
- current operating status
- minimum deposit
- maximum leverage
- EUR/USD spread
- account types
- segregated funds
- negative balance protection
- founded — year 2021 derives from the SVG company number '1647 LLC 2021' in the broker's own archived legal footer; secondary sources date the Australian entity to November 2022; no regulator-register incorporation date found
- spreadEurusd — only advertised floors published ('typical spreads from 0.8 pips' ECN, 1.2 No Commission, 0.4 VIP); no typical EUR/USD figure stated
- negativeBalanceProtection — no negative-balance-protection statement found in the broker's archived documents
- platforms — seed lists MT4/MT5; archived site navigation (Feb 2023) showed MetaTrader 5 and MT5 Web Trader only; MT4 support unverified
- minDeposit/maxLeverage/accountTypes/instruments/segregatedFunds/hq — sourced from Wayback Machine captures because swaymarkets.com no longer resolves (checked 21 Aug 2026); current terms cannot be checked
- hq — the broker's terms give a Kingstown, SVG address for written objections; the Australian entity was registered in QLD; CFTC RED List entry records origin as St. Vincent and the Grenadines
Other open files
The whole deskThis file reports what regulators and the firm have published. It is not a review, not a rating and not advice to open or close an account anywhere.