Case file · CH-2026-014 · Fake CFD broker
A $48,000 CFD account that asked for one more payment to release the funds
VectorFake CFD broker
InstrumentCFDs / wire
Reported loss$48,000
Recovered71%
Reported operator: SwiftExTec Investments ↗ · Client: Software engineer, San Diego, CA
How it started
Daniel found SwiftExTec through a sponsored post promising managed CFD trading. His first small deposit appeared to grow quickly on the dashboard, so over six weeks he wired in a total of $48,000.
Where it went wrong
When he requested a withdrawal, the platform demanded a 15% “liquidity release fee” before any funds could move. He paid part of it. The demands only grew, and his account manager stopped replying.
“The number on my screen said ninety thousand dollars. The day I asked to withdraw it, that number stopped meaning anything.”
What we did
- Mapped every wire and card payment Daniel had made and the wallets SwiftExTec routed them to.
- Traced the on-chain hops to two exchanges where the funds were converted and held.
- Filed documented recall requests with his bank and notices to the receiving exchanges.
- Coordinated a chargeback on the card portion with a full evidence pack.
71% recovered
Most of the wired balance was traced to a single off-ramp and recalled; the earliest card payments were recovered through dispute.
Red flags, in hindsight
- A withdrawal “fee” that must be paid before you can withdraw.
- Account growth that only exists on the platform’s own dashboard.
- An account manager who pushes for bigger deposits.
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