Reported as a scam / unregulated
Why GSwap is on the register
GSwap does not claim to be licensed by any regulator; it only claims to be registered in Saint Lucia, and established in the United Kingdom. While we can confirm that there is a company with the same name in the Saint Lucia International Financial Centre (IFC) registry, this registration only grants it International Business Company (IBC) status. This does not constitute a valid financial licence. The IFC neither regulates nor licences forex trading activities. Besides, we searched the official register of the FCA in the UK using all available details, but found no record of GSwap Financial Group or any associated company. Being unregulated is a major red flag for a fraudulent operation. Therefore, GSwap appears to be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you to the right next step. We never ask for up-front recovery fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.