I used them too and i think one red flag was when they stopped offering MT5 and developed their own trading platform (sway charts) which turned out to be very unstable and led to many traders losing money to the platform errors.
I even heard people say the sway charts platform would duplicate orders, open orders on its own etc. and sway markets never refunded most of these traders till they folded up.
Now, the reason for their folding up remains unclear; some say they were aquired by liquid brokers but liquid brokers only does corporate clients so what happens to retail accounts?
I read on finance magnates that sway markets still operates a prop firm which is surprising given that they are yet to unsettle claims of many traders who allegedly traded with them when they were sway markets.
For me, i dont trust brokers who dont offer the MetaTrader platform because i beleive that brokers can easilt maipulate platforms they built by themselves.
Sometimes when a broker stops offering MetaTrader it could be that MetaTrader has revoked their license for unethical practices.
