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Swyftx

AUSTRAC RegisteredAU BrokerageDemo Mode · Tax Tools

Trade on Swyftx ↗

The polished Brisbane brokerage: the best app experience of the local platforms, with a conservative compliance streak and costs built into a ~0.6% spread.

Headquarters

Brisbane

Founded

2018

AUSTRAC

Registered - Swyftx Pty Ltd, ABN 72 623 556 730VASP register, checked 25 Jul 2026

AU Entity

Swyftx Pty Ltd

AUD Deposits

PayID · Bank · Card

Model

Brokerage

Assets

320+

Coindaily Score

75 /100

Regulatory standing in Australia

Swyftx has operated from Brisbane since 2018 and is AUSTRAC-registered. Its compliance posture has been notably conservative for a young company: in late 2022 it voluntarily shut down its Earn yield product citing Australian regulatory uncertainty, well before any enforcement forced the issue.

The same year it called off a planned merger with trading platform Superhero as market conditions turned - retrenching rather than stretching, which in hindsight read as discipline.

It has no public enforcement history. Like all local venues it operates under AUSTRAC registration; its trust case rests on local incorporation, transparent pricing of its spread model and that record of pre-emptive caution.

Costs in practice

Maker

0.60%

Taker

0.60%

Typical Spread

0.60%

Effective Cost

~0.60%

Brokerage: the spread is the real cost; the headline fee is secondary. Figures match the Coindaily exchanges table and are modelled; check the live schedule before trading.

swyftx.com

Swyftx homepage

Homepage as served to Australian visitors · captured Jun 2026

Local offerings & AUD rails

AUD rails: PayID, bank transfer and card
320+ assets through a brokerage model - cost is the ~0.6% spread plus fee
Demo mode to practise with no real money - unique among local platforms
Built-in tax reports and portfolio tracking
Recurring buys and price alerts in a class-leading app

Where it wins

Best app and onboarding experience locally
Pre-emptively shut its yield product before regulators forced anyone's hand
Demo mode and strong tax tooling

Where it costs you

Spread model: ~0.6% each way is mid-pack, not cheap
No real order book for active trading
Younger than the 2013-era locals

Trading fee from

0.6% standard, down to 0.1% at $6m 30-day volume

https://support.swyftx.com/en/articles/12005536-our-trading-fees

AUD deposit

Free by bank transfer and PayID, 1.875% by card

https://support.swyftx.com/en/articles/11741112-deposit-australian-dollars

SMSF accounts

Yes, alongside company and trust accounts

https://support.swyftx.com/en/articles/12015021-set-up-a-self-managed-super-fund-smsf-account

What it costs

Trading fees, subscriptions, deposits and withdrawals

Standard trading feeThe Regular tier rate that applies to every account under $100,000 of 30-day trading volume, which is most retail users.

0.6%per trade

Volume discount tiersTen tiers stepping down from 0.6% to 0.1%. Tier 1 (0.55%) starts at $100,000 and Tier 9 (0.1%) needs $6,000,000 in 30-day volume. Volume is recalculated every 60 minutes.

0.55% to 0.1%$100k to $6m over 30 days

AUD deposit feeSwyftx charges nothing for bank transfer or PayID deposits, though your own bank may.

Freebank transfer and PayID

Card deposit feeCard deposits are handled by third parties. Stripe charges 1.875% per transaction. Banxa charges 1.99% plus up to a 3.5% spread on top.

1.875% to 1.99% plus spreadStripe or Banxa

AUD withdrawal feeSwyftx states it does not charge any fee for Australian dollar withdrawals. NZD withdrawals are also free of Swyftx fees.

Free

Crypto withdrawal feeYou pay the blockchain network or mining fee only. Swyftx states it does not add an extra fee on top of the wallet handler's fee.

Network fee onlyno Swyftx markup

Dishonour feeCharged when an AUD withdrawal is sent to incorrect bank account details and the payment bounces back.

Up to $40

Subscriptions and VIPThere is no paid subscription. VIP levels are assigned automatically on 12-month rolling trading volume and give support perks rather than a separate fee rate.

No paid tierVIP is volume-based

Limits and the costs that hide

Spreads, deposit caps and charges that do not appear on a fee page

Spread sits on top of the feeSwyftx is a brokerage, so the buy and sell prices carry a spread that is separate from the headline trading fee. Swyftx states plainly that your fee tier does not affect the spread, so high-volume traders do not get a cheaper spread.

Charged separatelynot reduced by fee tier

Low-liquidity assets cost moreSwyftx flags thinly traded assets in the order panel and warns they carry higher spreads and greater slippage. Orders on these assets are capped and splitting a large order across several trades can inflate your buy price.

$3,000 max per tradeAUD equivalent, flagged assets

Trigger orders are not limit ordersSwyftx's stop, limit and take profit orders execute as instant market orders once the trigger price is hit, so the fill price is subject to slippage. You do not get price certainty from a Swyftx limit order.

Fill at marketslippage applies

PayID deposit capPayID is the free instant deposit rail, but it is capped per deposit. Larger amounts have to go by ordinary bank transfer.

$20,000maximum per PayID deposit

Card deposit capsCard deposits are capped at $15,000 per transaction. Banxa card deposits also carry a $60,000 monthly ceiling and a $91 minimum.

$15,000 per transaction$60,000 per month via Banxa

Daily withdrawal ceilingThe default cap covers cash and crypto withdrawals combined. It can be lifted by completing the higher KYC 2 (Diamond) verification tier.

$50,000 per daycash and crypto combined

First deposit holdSwyftx warns that a first deposit can be delayed up to 24 hours because banks apply extra security checks and holds on transfers to crypto platforms.

Up to 24 hoursfirst deposit only

Maximum single orderTrigger orders are capped per order, though you can place several at the same trigger price.

$1,000,000per trigger order

What you can trade

Assets, Australian dollar pairs, staking and derivatives

Number of assetsSwyftx's own iOS listing, published by Swyftx Pty Ltd, advertises more than 440 cryptocurrencies. The figure moves as assets are listed and delisted.

440+per Swyftx's App Store listing

Base currencyAustralian-verified accounts trade and settle in AUD. New Zealand accounts use NZD. Swyftx states you cannot change your account's fiat currency after registration.

AUDlocked at signup

Staking and earnSwyftx's Earn program, previously called Staking, closed on 10 January 2023 citing changing regulatory requirements. Balances were returned to trade wallets and the program has not reopened.

Not availableclosed 10 January 2023

Leverage and derivativesLeverage trading is restricted to approved wholesale investors, who must hold net assets of at least $2.5m or gross income of at least $250,000 for each of the last two financial years, certified by an accountant. Retail clients cannot access it.

Wholesale investors only1:5 leverage, 100+ assets, web only

Who issues the derivativesThe derivative products are issued by Eightcap Pty Ltd (AFSL 391441) and distributed by Swyftx as a corporate authorised representative. Swyftx is not the product issuer.

Eightcap, not SwyftxAFSL 391441

Retail derivatives after the AFSLThe AFSL granted on 8 July 2026 authorises Swyftx to offer derivatives such as crypto options and futures to retail clients, plus a non-cash payment facility. Interim co-CEO Andrea Yuen said Swyftx will not be a pure spot exchange in future.

Licensed, not yet livegranted 8 July 2026

BundlesCurated baskets that buy a selection of assets in one transaction. You can add or remove assets before ordering, and the holdings are managed individually afterwards.

Yes, customisableinstant or recurring

OTC deskA free brokered service aimed at single-asset orders above $30,000 to reduce slippage, with pre-adjusted fee discounts. Requires a phone consultation and a setting toggled on the web platform.

Orders over $30,0009am to 5pm AEST, Mon to Fri

How your assets are held

Custody, reserves, insurance and self-custody

Custody modelSwyftx holds client crypto itself and states only that assets are kept in a mix of cold and hot storage. No split between the two, and no third-party custodian, is disclosed in the help centre.

Mixed cold and hotsplit not disclosed

Proof of reservesNo proof of reserves attestation or reserves dashboard is published in Swyftx's help centre security or wallet documentation. Swyftx committed to exploring one after the FTX collapse but no published report was located.

None published

Insurance on client assetsSwyftx's security page lists penetration testing, session controls, breached-password checking and Chainalysis monitoring, but does not state any insurance cover over customer crypto holdings.

None disclosed

Spot trading sits outside the AFSLSwyftx states directly that its spot cryptocurrency exchange services are not provided under its AFSL. The financial services consumer protections attached to that licence do not extend to your spot crypto holdings.

Not covered by AFSLspot crypto

Self-custody withdrawalsYou can withdraw any listed asset to your own wallet. Swyftx requires the address to be added and verified first, and may ask for Travel Rule information on the transfer.

Supportedaddress verification required

External wallet verificationSome withdrawals require you to prove you control the destination wallet before Swyftx will release funds, which adds friction but blocks scam-directed transfers.

Required in some cases

Blockchain monitoringSwyftx partners with Chainalysis for blockchain analysis and runs a 24/7 customer due diligence program alongside KYC checks.

Chainalysis

External security testingSwyftx states it undergoes external penetration testing and consults third-party security auditors, with breached-password checking and JWT session expiry on accounts.

Penetration testedno certification named

Who can open an account

Entity types onboarded in Australia

IndividualThe standard personal account. Swyftx requires you to be 18 or over to hold a verified account.

Yes18 and over

Self-managed super fundSMSF accounts are supported and applied for from your existing personal Swyftx account. Multiple members can be added with individual permission levels.

Yesapplied for from a personal account

CompanyCompany accounts are supported. All members must hold verified personal Swyftx accounts and accept an emailed invitation before permissions can be set.

Yesmulti-member with permissions

TrustTrust accounts are supported. Trustees, directors and named beneficiaries over 18 need their own verified personal accounts.

Yes

Joint accountSwyftx's account-creation documentation lists individual, SMSF, company and trust accounts only. There is no joint account product, though you can deposit from a joint bank account if your name is on it.

Not offeredjoint bank deposits accepted

Minor or child accountSwyftx states that individuals under 18 cannot hold a verified account or trade. A trust structure is the only route to holding crypto for a child.

Not offeredunder 18 excluded

Where you can sign upAccounts can only be created from within Australia or New Zealand, and your registration country fixes your deposit and withdrawal currency permanently.

Australia and New Zealandcurrency locked at signup

Sub-accounts and switchingEach entity account becomes a sub-account under your single login, so you switch between personal, company, trust and SMSF accounts from the side menu without separate credentials.

One login, many accounts

Trading features

Order types, recurring buys, tooling and access

Instant ordersSwyftx's market order. Executes immediately at the quoted brokerage price with fee and spread shown before you confirm.

Yesmarket equivalent

Stop, limit and take profitGrouped as on-trigger orders. They arm at a price you set, then fill as instant orders, so the executed price can differ from the trigger price.

Yes, as trigger ordersfill at market

Trailing stopSwyftx's order types documentation lists instant, on-trigger and auto invest orders only. No trailing stop order is described.

Not documented

Auto invest (recurring buys)Dollar-cost averaging on a weekly, fortnightly or monthly schedule, optionally paired with a recurring bank deposit. Orders typically process within an hour of the scheduled time.

From $1 per asset$30 minimum total spend

Demo modeThe signature feature. Swyftx credits a practice account with mock funds to trade every listed asset at live prices, on both web and mobile, with no deposit required.

$10,000 mock fundsweb and app

Minimum tradeSwyftx accepts very small orders, which suits testing the platform or building a position slowly.

$1AUD

Price alertsSet alerts on any listed asset by price target or percentage move, priced against AUD, NZD, USD or BTC depending on your base currency.

Yesprice or percentage

API accessAPI keys can be issued with permissions you set, including read-only keys that cannot buy, sell, deposit or withdraw. Useful for accountants and portfolio tools.

Yesread-only keys available

Money in and out

Minimums, methods and settlement speed

Bank transfer depositThe default free rail. Arrives within a minute if your bank uses Osko, otherwise two to three business days.

Free, no minimuminstant via Osko

PayID depositFree and usually instant, subject to your bank's checks, but capped per deposit.

Free, no minimum$20,000 maximum

Card deposit via StripeUsually instant but the most expensive way to fund an account. Fee is charged by Stripe, not Swyftx.

1.875%$30 min, $15,000 max

Card deposit via BanxaSlower than Stripe at 30 to 45 minutes and carries a spread on top of the headline fee. Swyftx adds nothing of its own.

1.99% plus up to 3.5% spread$91 min, $60,000 per month

AUD withdrawalBank transfer only, no fee from Swyftx. Under a minute to Osko-enabled banks, otherwise two to three business days.

Freebank transfer only

Withdrawal limitDefault cap of $50,000 per day across cash and crypto combined. Raising it requires completing KYC 2 (Diamond) verification.

$50,000 per dayraise via KYC 2

Crypto depositsYou generate a deposit address per asset and network. Choosing the wrong network is the usual cause of lost transfers, so Swyftx documents network selection separately.

Supportednetwork-specific addresses

Crypto withdrawal speedSent immediately but held pending until one blockchain confirmation. Minimum withdrawal amounts vary by asset and network rather than being a single published figure.

One confirmationminimums vary by asset

Tax and reporting

What you get at tax time, and what you do not

Tax or profit and loss reportSwyftx explicitly does not produce tax or profit and loss reports, on the reasoning that it cannot track funds once they leave the platform. You need third-party software to file.

Not provided

Transaction reportDownloadable in CSV and PDF over a date range you choose, from either the app or the web platform. This is the file your accountant or tax tool needs.

CSV and PDFcustom date ranges

Koinly integrationSwyftx has a direct Koinly connection set up from the transaction reports menu, which pulls your history across and generates the profit and loss statement Swyftx will not.

Direct connect

Other reporting partnersSumm is listed alongside Koinly as a connectable reporting partner in the transaction reports screen.

Summ

Bank statementA PDF statement of your account activity can be downloaded separately, which is what lenders and brokers typically ask for.

PDF available

Order historyFull order and transaction history is viewable and filterable in-platform, covering open, filled and cancelled orders.

In-platform

Platform and support

Apps, account security and how you reach a human

AppsNative apps for iOS and Android, plus a web platform. Some features, including leverage trading, are web only.

iOS and Androidplus web

App Store ratingThe Australian App Store listing, published by Swyftx Pty Ltd, carries a strong rating across a large review base.

4.5 out of 5around 6,000 ratings

Android listingPublished on Google Play under the au.com.swyftx package. Android ratings typically run lower than iOS for this app.

Availablerating not verified

Live chat supportSwyftx documents 24/7 live chat as the main support channel, reachable from the side menu under Support and feedback.

24/7 live chat

Phone supportNot a general channel. Scheduled phone support starts at VIP 2, and a direct phone line with a dedicated account manager starts at VIP 3, all assigned on trading volume.

VIP tiers onlyfrom VIP 2

Two-factor authenticationTime-based authenticator apps only, such as Authy, Google Authenticator or Microsoft Authenticator. Swyftx describes 2FA as recommended rather than mandatory, and no passkey option is documented.

Authenticator app onlyoptional, not enforced

Withdrawal address allowlistEvery withdrawal address must be added and verified before use, with confirmation by email and SMS. This is the strongest protection on the account against a remote takeover.

Yes, mandatoryemail and SMS confirmation

EducationSwyftx Learn hosts free courses and articles, and the Learn and Earn program pays small crypto rewards for scoring 80% or above on course quizzes. Entity accounts are excluded from rewards.

Swyftx Learn plus rewardsindividual accounts only

Trust and regulation

The entity you are actually contracting with

Legal entityThe company behind the platform, named across Swyftx's own help centre disclosures.

Swyftx Pty LtdABN 72 623 556 730

Australian Financial Services LicenceASIC granted Swyftx an AFSL on 8 July 2026 covering derivatives, including crypto options and futures for retail clients, plus a non-cash payment facility authorisation for a planned payments business.

AFSL 568543granted 8 July 2026

What the licence does not coverSwyftx states in its own help centre that its spot cryptocurrency exchange services are not provided under its AFSL. The buying and selling most customers do sits outside the licensed perimeter.

Spot crypto excluded

AUSTRAC registrationSwyftx operates as a registered digital currency exchange provider and states it complies with Australian anti-money laundering and counter-terrorism financing obligations, which is why KYC tiers exist.

Registered DCEAML and CTF obligations

External dispute resolutionIf Swyftx cannot resolve a complaint, it names AFCA as the free independent escalation body for Australian customers and FSCL for New Zealand customers. Swyftx aims to respond within 30 days.

AFCA memberFSCL for New Zealand

Caleb & Brown acquisitionSwyftx agreed to acquire high net worth crypto brokerage Caleb & Brown in a deal announced in July 2025 for more than A$100 million, described as the largest crypto acquisition in Australia and New Zealand to date. Caleb & Brown held more than $2 billion in digital assets under custody.

Over A$100 millionannounced July 2025

Superhero mergerThe proposed $1.5 billion merger with share trading platform Superhero, announced in June 2022, was abandoned in December 2022 amid market volatility and regulatory scrutiny. It never completed.

Abandoned December 2022never completed

Credit productsAny credit or lending product surfaced in the Swyftx platform is provided by Block Earner, with Swyftx acting as an authorised credit representative rather than the lender.

Block Earnercredit representative 579667

Figures are read from Swyftx's own published schedules and disclosures. Crypto platforms change pricing and product availability often - click source on any row to check it yourself, and dispute anything that looks wrong.

Frequently asked questions

Is Swyftx regulated in Australia?

It is AUSTRAC-registered and Brisbane-based. Notably, it shut its Earn product voluntarily in 2022 over regulatory uncertainty, before any enforcement action existed.

What does trading on Swyftx cost?

A 0.6% fee with pricing built into the spread - straightforward for casual buying, more expensive than order-book venues for active trading.

Can I try it without depositing?

Yes. Demo mode mirrors the full platform with practice funds - useful for learning order types before committing real money.

Registrations, licences and product availability change. Check the current AUSTRAC Virtual Asset Service Provider Register and the platform's own disclosures before depositing. This page is general information only, not financial advice, and may contain modelled figures.

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