Embark on an in-depth review of Swift Funding, a Swiss prop trading firm that stands out in the financial trading landscape. Discover how their simulated trading environments, adherence to stringent risk management protocols, and commitment to trader education create a unique platform for both new and experienced traders. Explore their policies on capital allocation, use of VPNs and VPS, and their approach to market rollovers, all tailored to foster a responsible and efficient trading journey. Dive into the world of Swift Funding and uncover the intricacies of their trading programs, security measures, and client-focused services.

Swift Funding: Elevating Professionalism in Prop Trading

Swift Funding, a leading Swiss prop trading firm, is pioneering a new standard of professionalism in the prop trading arena. With a team of seasoned industry experts, Swift Funding is dedicated to offering top-tier trading support and opportunities to proficient traders. This firm embodies the essence of a retail prop firm, serving as an incubator for retail professionals and bridging the gap between individual retail traders and the vast opportunities within the financial markets.

By providing substantial trading capital and a nurturing environment, Swift Funding empowers retail traders to navigate the markets with lower costs and minimized risks. This approach not only facilitates retail traders in achieving substantial gains but also paves the way for building successful trading careers. With its focus on trader education, risk management, and innovative trading tools, Swift Funding is well-positioned to elevate the trading journeys of its clients to new heights.

Swift Funding’s Premier Prop Trading Offerings

Swift Funding stands out as a premier prop trading firm, offering traders the opportunity to manage accounts with up to $200,000 in funding. This Swiss firm caters to skilled traders with an attractive 80% gains split for consistent performance. Traders can choose between a 2-Step Challenge or a more direct 1-Step Challenge to demonstrate their trading prowess and get started with Swift Funding.

With unlimited time to complete the challenges and premium customer support at hand, traders are well-equipped to showcase their skills. Swift Funding offers flexibility in choosing drawdown options between 8% and 10%, allowing traders to align their strategies with their risk tolerance. Once traders exhibit consistency and pass the evaluation phase, they join the ranks of an elite circle of traders under the banner of this industry-leading prop firm. Credential issuance is instant, paving the way for a seamless transition into funded trading.

In its commitment to support traders globally, Swift Funding covers over 193 countries, ensuring a broad reach and inclusivity. The firm boasts an impressive average payout time of just 8 hours, underscoring its efficiency and trader-centric approach. Swift Funding takes pride in providing optimal trading conditions for its clients, emphasizing their belief in the importance of consistent performance and professional growth in the trading world.

What Distinguishes Swift Funding from Other Funded Trading Programs?

Swift Funding differentiates itself in the realm of funded trading programs with several key features that cater specifically to the needs and realities of traders. One of the standout aspects is the provision of instant credentials. Traders receive immediate access to their accounts upon purchase and swift transition to stage 2 logins right after completing stage 1. This immediate access ensures no delay in starting their trading journey on Swift Funding’s platform.

Recognizing the importance of patience and balance in trading, Swift Funding does not impose a time limit on their challenges. This approach accommodates traders’ personal and professional commitments, understanding that a flexible timeframe is crucial for assessing market conditions and personal performance. This philosophy stems from the team’s professional trading experience, acknowledging the importance of balance in a trader’s life.

At Swift Funding, the trading targets are set to be realistic and achievable. Understanding the complexities of trading, the firm has designed its targets to be straightforward, encouraging traders to demonstrate consistency without being overwhelmed. This reflects their commitment to supporting traders in overcoming the challenges of the trading world.

The firm is led by a team of industry professionals, boasting decades of experience in trading, mentorship, and entrepreneurship. This professional leadership underscores Swift Funding’s dedication to not just offering funding, but also providing guidance and support to help traders navigate the markets effectively.

Swift Funding’s Vision in Prop Trading

Swift Funding, a prominent Swiss prop trading firm, is on a mission to redefine professionalism in the industry. Their vision is encapsulated in a simple yet compelling mantra: fund traders, ensure prompt and fair payments, and uphold a policy of zero tolerance for dubious practices. This approach positions Swift Funding as a prop firm that prioritizes transparency and integrity above all else. Their commitment is not just to provide financial resources to traders, but also to foster a trustworthy and straightforward trading environment, setting a new standard of professionalism in the world of financial trading.

Swift Funding Pro & Elite Account Types & Rules: A Comprehensive Overview

Swift Funding’s Pro and Elite account rules are designed to cater to the needs of serious traders, offering a structured path to success in proprietary trading. These rules span across different phases and are tailored to ensure both discipline and opportunity for traders.

Phase 1 and 2: Pro/Elite

• Targeted Gains: 8% for Phase 1 and 5% for Phase 2.
• Daily Drawdown Limit: Set at 5% for both phases.
• Max Loss: 8% for Pro accounts and 10% for Elite accounts.
• Minimum Trading Days: Just 1 day required.
• Challenge Time Limit: Unlimited, offering flexibility.

Funded Trader Stage

• Targeted Gains: None, allowing traders to focus on their strategies.
• Daily Drawdown Limit: Maintained at 5%.
• Max Loss: 8% for Pro accounts and 10% for Elite accounts.
• Minimum Calendar Days to First Payout: 14 days after the first trade.
• Split of Realized Gains: An attractive 80%.

Swift Funding’s targeted gains are set to be realistic and achievable, encouraging consistent trading performance through the different phases. These targets act as benchmarks, guiding traders as they advance through the program.

Understanding Daily Loss Limit

The daily drawdown limit is a critical rule at Swift Funding, applicable to all trading phases. It is calculated as a 5% decrease in equity from the day’s starting balance. This limit is designed to enforce disciplined trading and risk management.

Max Loss Level for Pro and Elite Accounts

The maximum loss rule is pivotal in Swift Funding’s trading plans, indicating the maximum allowable loss a trader can incur. This is set at 8% for Pro accounts and 10% for Elite accounts, ensuring traders adhere to strict risk management practices.

Account Leverage Details

Swift Funding offers varying leverage options depending on the instrument, with Currency Pairs having a leverage of 1:100 for Pro (Sprint) and 1:50 for Elite. Metals, Indices, Crypto, and Oil have specific leverage settings, ensuring a diverse trading experience. A commission of $7/lot, round-turn is charged for all pairs except Indices & Crypto.

For further assistance or questions regarding Swift Funding’s account rules, the support team remains readily available to guide and assist traders in their journey.

Exploring the Sprint Account Rules at Swift Funding

Swift Funding offers the Sprint plan as its 1 Step equivalent challenge account, presenting unique rules and targets for traders seeking to maximize their potential in the prop trading world.

Daily Drawdown and Max Drawdown

The Sprint plan imposes a 4% daily drawdown and a 6% max trailing drawdown from the highest balance achieved. Notably, if traders make a 6% gain, their maximum loss locks at the starting balance, no longer trailing with subsequent balances.

Sprint Targeted Gains

The targeted gain in the Sprint plan is set at 10% of the starting account balance. This clear target applies to all account sizes, whether it’s $100,000, $50,000, or $200,000, providing a consistent benchmark for traders.

Sprint Daily Loss Limit

In both the Swift Sprint and the Funded Stage, there is a 4% daily drawdown limit. This limit, reset daily, is critical in managing risk and is calculated from the day’s starting balance.

Sprint Max Drawdown Limit

The Max Drawdown in the Sprint account is a crucial stop-loss mechanism, set at 6%. It functions as a trailing drawdown, recalculated based on the highest recorded balance, providing a safety net against excessive losses.

Impact of Drawdown on Payouts for Sprint Accounts

Drawdown rules significantly impact payouts in the Sprint plan. For instance, a trader starting with a $100,000 account and earning a gain that locks the max drawdown at the starting balance must be cautious of their remaining buffer to avoid account failure.

Swift Funding’s Sprint plan is designed to cater to the ambitious trader, with rules that encourage disciplined trading while offering ample opportunity for growth. For any queries or clarifications regarding these rules, traders can easily reach out to Swift Funding’s support team for guidance.

Comprehensive Trading Guidelines and Restrictions at Swift Funding

While Swift Funding, the Swiss prop firm, does not mandate the use of stop losses in trading, they highly recommend it as a key component of effective risk management. A stop loss serves as a crucial safety net, automatically closing a trade at a preset price level to prevent substantial losses. Its strategic use helps in safeguarding virtual capital and mitigating risks, offering a well-defined exit strategy for traders. Swift Funding strongly advocates the use of stop losses, recognizing their importance in disciplined trading and long-term success in the financial markets.

Demo Account/Live Account Information

All trading phases at Swift Funding are conducted on demo accounts, providing traders with the opportunity to refine their skills in a simulated environment before transitioning to live markets.

Minimum Time To Hold Trades

The firm does not impose time constraints on trade duration in any of its programs, though it strictly prohibits High Frequency Trading (HFT). For details on trading practices and restrictions, traders are advised to refer to the relevant section in the Account Rules.

Scaling Plan Details

Swift Funding offers a scaling plan where account balances can increase by 25% every three months, assuming certain criteria are met. This plan is designed to reward successful traders by enhancing their trading capital based on their performance. Traders can request a scale-up once they meet the specific profit targets set within a 90-day period.

Realised Gain Split and Trading News Events

Traders with standard accounts enjoy an 80/20 profit split at Swift Funding, underscoring the firm’s commitment to incentivizing successful trading. Additionally, trading during micro and macro news events is permitted, though traders are advised to exercise caution due to potential market volatility and fluctuations in liquidity and spreads.

Payout Process and Challenge Fee Refund

Swift Funding facilitates payouts through various methods like Wire Transfer, RISE Payments, and Cryptocurrency, post account verification. Furthermore, funded traders are eligible for a refund of their challenge fee after achieving certain gains, aligning with KYC and AML policies.

Weekend Cryptocurrency Trading

The firm currently allows cryptocurrency trading over weekends, expanding the opportunities for traders to engage in the markets beyond the conventional trading week.

Trading and Account Policies

• Weekend Trading: Traders are allowed to hold trades over the weekend during demo and simulated funded phases. It’s advised to monitor the economic calendar for risk management.
• Payment Method Restrictions: Due to KYC and AML regulations, payments must be made using a legal method in the trader’s name.
• Reviewing Accounts: The review process for passing a simulated phase typically takes one business day.
• Free Trials/Trial Accounts: Swift Funding does not currently offer trial accounts; all accounts are demo/simulated.
• Troubleshooting Sign In: For login issues, manual entry of credentials is recommended. Further issues can be resolved by contacting the support team via live chat or email at support@swiftfunding.io.

Swift Funding Creating Your Profile

When creating a profile at Swift Funding, it is imperative to ensure all information is correct and in compliance with KYC and AML policies. The information provided should match the legal documents to be uploaded for KYC verification. Any discrepancies can lead to delays in approval and progression to subsequent phases.

Policy on VPNs and VPS

Swift Funding permits the use of VPNs (Virtual Private Networks) and VPS (Virtual Private Servers). While VPNs help secure internet traffic and protect online identity, VPS offers a private server environment on a physical server. However, these services must not be used to bypass rules regarding copy trading, group trading, and signal trading. Breaching these rules can result in immediate termination of the trader’s account.

Regulation & Disclaimer of Swift Funding

Swift Funding, as a proprietary trading firm, does not currently fall under regulatory requirements. This is because it operates with its own company capital in all live trading accounts. The firm emphasizes that all information provided on its site is strictly for educational purposes related to financial markets trading and should not be construed as investment advice. Swift Funding offers services in simulated trading and educational tools, and its activities do not extend to brokerage or deposit acceptance. Its technical solutions and data feeds are powered by external liquidity providers. It’s important to note that Swift Funding’s services are not intended for jurisdictions where their distribution would be contrary to local laws or regulations. Swift Funding (HK) Ltd, registered in Hong Kong, and Swift Solutions Ltd, registered in Cyprus, both comply with the respective local and international laws and regulations.

Policy on Trading Bots & Expert Advisors

Swift Funding strictly prohibits the use of execution Expert Advisors (EAs) that automatically place trades. However, the use of copy trading EAs and Trade Manager EAs is allowed as long as they do not execute trades. Traders can use their own bots or automated strategies, but third-party trading, including copy trades and mass signal EAs, is forbidden. Violations, such as engaging in high frequency trading, tick scalping, or any form of arbitrage, especially those exploiting demo server conditions, may result in challenge failure.

Required Documentation & Verification Process

In partnership with Sumsub, Swift Funding adheres to strict KYC and AML compliance. To approve payouts on gains from simulated funded accounts, traders must provide Proof of Identity (POI), Proof of Residence (POR), and a selfie. Verification requires recent, relevant documents and must match the legal name and residential address provided during sign-up. The verification process typically takes 12-24 business hours upon KYC submission.

Max Allocation and Market Rollover at Swift Funding

Swift Funding limits the total capital a trader can have in active accounts (both demo and live) to $200,000 across all plan types. For instance, in a 1-step Sprint plan or a 2-step Pro or Elite plan, the combined total of all demo and live simulated accounts must not exceed $200,000. Violating this rule, such as having three $100,000 accounts active simultaneously in different phases, breaches the maximum virtual capital rule.

Understanding market rollover is crucial for trading with Swift Funding. Market rollover occurs at 5:00 pm EST and involves significant fluctuations in currency pairs. Traders are advised to close positions before this time to mitigate risks, as stop losses and take profits may not be respected due to volatility. Trading near market rollover, London Open, or NY Open times is risky and not recommended for inexperienced traders.

Breach Discount Code and Order Number Retrieval

To use a breach discount code at Swift Funding, it must be for the same type and size of account that was breached. For cryptocurrency payments, locate the 6-digit number in your browser history link and email it with your SwiftHub email address for payment verification.

Requesting a Payout and Account Management

Payouts can be requested every 14/30 calendar days, not counting the first day. Processing takes 12-72 hours, and trading must be paused until funds are withdrawn. Swift Funding resets accounts immediately after payout requests to enable continuous trading.

Changing Your Email Address and Broker Maintenance

To change your email address, email support@swiftfunding.io from your registered email. If you lack access, provide a valid ID and selfie for verification. Account security is prioritized during this process.

Refund Policy and Payment Options

Swift Funding’s refund policy allows cancellations within 14 days of transaction for untraded accounts. Add-ons are not refundable. The firm accepts Visa/Mastercard payments, InstantPayments in Europe and the UK, AstroPay, and various cryptocurrencies. Note that some payment methods have geographical restrictions.  

Conclusion: Navigating the Trading Landscape with Swift Funding

In summary, Swift Funding, as a Swiss prop trading firm, offers a unique blend of flexibility and discipline in its trading environment. Their non-mandatory but highly recommended approach to stop losses emphasizes their commitment to effective risk management while respecting trader autonomy. This strategy not only protects capital but also fosters a disciplined trading mindset, crucial for long-term success.

The provision of demo accounts for all trading phases demonstrates Swift Funding’s dedication to trader development and risk-free practice. Their stance against High Frequency Trading (HFT) further underscores a commitment to fair and sustainable trading practices.

With the innovative scaling plan, Swift Funding incentivizes consistent performance by offering the potential for increased trading capital. This approach not only rewards skill and strategy but also motivates traders to pursue long-term goals. The profit split arrangement, favoring traders with an 80/20 ratio, further highlights the firm’s trader-centric approach.

Allowing trading during significant news events provides traders the chance to harness market volatility, though it comes with the wise counsel to proceed with caution. The firm’s structured payout process, including various methods like Wire Transfer and Cryptocurrency, reflects its adaptability and understanding of diverse trader needs.

Lastly, the inclusion of weekend cryptocurrency trading widens the scope for traders to capitalize on market movements, marking Swift Funding as a prop firm attuned to the evolving dynamics of the financial markets.

Overall, Swift Funding presents a well-rounded and thoughtful trading environment, balancing opportunity with risk management, making it an attractive option for traders aiming to excel in the prop trading space.