Swiset

The prop firm stack is sold as Swiset for Props. Its white label licence lists challenge status, an automated challenge engine, web trader, Swiset analytics, payout eligibility and request views, trader settings, automated certifications, affiliate programs, PSP integrations, automated and manual KYC, a sales and challenges overview, basic dealing actions, a movements overview, a proprietary settings panel, a fraud detection engine, tournament features and leaderboards.

The rule engine is the part Swiset documents best, because its terms enumerate what each plan supports. Premium Setup Plans support maximum equity drawdown, maximum trailing drawdown with high watermark, daily loss limit, daily loss limit calculated as highest at end of day UTC-0, one-step or multi-step challenges, basic payout eligibility methods, required calendar days, required calendar days plus minimum trading days, required trading days with a countdown timer, a consistency rule, end-of-day trailing drawdown, plain daily loss limits specified in USD, a static above-threshold trailing drawdown for futures trading, mandatory stop loss, weekend position holding, news trading and a trading period requirement to advance. Basic Setup Plans support only maximum equity drawdown, daily loss limit and one-step or multi-step challenges; the terms state that "any trading condition not explicitly listed above will be considered an extra customization request". Breach handling is configured during onboarding, but the actions the engine can take automatically are not published.

The Fraud Detection Engine is available "under the Premium Setup Plan—or as an optional add-on for other plans" and detects copy-trading, hedging, grid trading and multi-IP patterns. A separate Swiset for Risk service runs its own backend with per-platform risk monitors for MT5, cTrader and BlackArrow.

On the back office, the admin dashboard reports total sales, total funded balance, total withdrawals, challenge activity, user cohort analytics, country-based traffic metrics and payout movements, and allows export of user account and challenge lists.

Swiset's prop firm page is titled "Prop Firm Software with MT4, MT5 & cTrader" and its FAQ states it "integrates with MT4, MT5, cTrader, Match-Trader, TradeLocker, and other platforms". A second FAQ lists "cTrader, MetaTrader 4, MetaTrader 5, TradeLocker, MatchTrader, and BlackArrow", and the admin dashboard page instead names "MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, Match-Trader and DXtrade". DXtrade appears once and is absent from every other list, so it should be confirmed rather than assumed. The platform logo strip also shows NinjaTrader and Black Arrow.

The status page is the most reliable evidence of what is actually connected: it runs monitors named Rithmic Core, Tradelocker Core, CTrader Core, MT4 Core, MT5 Brokers Core, MT5 Props Core and Exness Core, plus equity connectors for cTrader, TradeLocker, BlackArrow, Rithmic and MT5. BlackArrow Futures was logged as a new platform integration on 3 July 2026 and MatchTrader in September 2025.

What the trader opens varies: a cTrader environment runs at trade.swiset.com under the title "Swiset for Props cTrader | Open Trading Platform", the MT5 web platform was integrated directly into the dashboard in May 2026, and the white label licence includes a web trader. Through what the terms call "a direct partnership with Spotware and Nelogica", Swiset offers a brokerless demo environment on cTrader and BlackArrow respectively — useful for a firm that wants to run simulated challenges without a broker relationship.

Asset coverage spans forex and futures, with a case study describing a firm expanding into futures and crypto. The interface is offered in English, Spanish, Portuguese, Russian, Hindi, Chinese and Japanese, and Farsi was added to Swiset for Props in August 2025.

Swiset is a hosted SaaS product delivered as a white label. Infrastructure runs on AWS, with AWS Web Application Firewall "to mitigate common web-based threats", and databases described as "encrypted, replicated AWS cloud infrastructure".

Tenancy is shared with logical separation, not a dedicated instance per firm. The terms state Swiset uses "relational database structures that ensure transactional consistency and logical data separation between vendors" and that "all customer and business data are logically isolated, encrypted in transit and at rest, and accessible only through authenticated, role-based permissions". Certificate transparency logs show wildcard certificates for per-tenant subdomains under app, brokers, copy, ib-portal, integrations and risk, consistent with a subdomain per client on shared infrastructure.

Each firm gets a custom domain. For Basic Proprietary Setups, Swiset provides domain registration and hosting "unless the client already possesses a fully operational WordPress website compatible with our system infrastructure"; Premium setups may use the firm's own domain or third-party WordPress hosting. Where the firm manages hosting itself, Swiset states it is "not responsible for any technical issues, domain registration renewals, or hosting plan licenses".

No hosting region, data residency location, co-location arrangement or latency figure is published, and self-hosting is not offered anywhere on the site. Scalability is explicitly qualified as "interdependent with broker, trading platform, and third-party provider infrastructure".

Swiset's terms describe "relational database structures that ensure transactional consistency and logical data separation between vendors" and state that all customer and business data are "logically isolated, encrypted in transit and at rest" — logical separation on shared infrastructure rather than a dedicated instance per firm. Hosting is on AWS with AWS WAF. No hosting region or data residency is published. For Basic setups Swiset provides domain and hosting; Premium setups may use the firm's own domain or WordPress hosting.

Branding covers primary and responsive logos, a favicon, "up to three (3) brand colors integrated across the platform UI", a light theme on Basic setups or light and dark on Premium, a custom domain, custom banners for transactional emails and social links in call-to-action elements. Premium setups add three fixed landing page designs, three challenge status templates and three dashboard layouts — fixed templates rather than open theming. The branded surfaces are the trader dashboard, the admin CRM dashboard and transactional emails.

The Prop Firm API is the route for firms that want to keep their own frontend. Swiset says it covers trading account automation including creation, credentials and lifecycle; challenge management across evaluation and funded phases; real-time rule validation for "static and trailing drawdown, daily loss, period loss and per-trade risk"; payouts and profit splits; risk, dealing desk and fraud detection; and trader data connected to your own frontend and CRM. Swiset states firms do not have to migrate wholesale: "Swiset's API can be used as a modular infrastructure layer". The stack is described as "Open REST APIs" with "real-time events & webhooks", and the competitions product shipped competition event webhooks in September 2026. Custom platform integration is "available via REST API" for proprietary platforms.

Two caveats matter for a technical buyer. There is no public API documentation — no docs subdomain and no documentation link from the API page, footer or onboarding hub as at 19 September 2026 — so the API surface cannot be assessed before a sales conversation. No SDKs, GraphQL or sandbox environment are advertised, though onboarding asks firms to "prepare sandbox access". Bespoke work is available but gated: Swiset responds to a customization brief "within ten (10) business days" and warns of "additional fees" and "extended delivery timelines".

The Prop Firm API covers account creation and lifecycle, challenge phases, real-time rule validation, payouts and profit splits, risk and fraud, and trader data, and Swiset states the risk engine "stays server-side" with "real-time events & webhooks". Public API documentation was not found: there is no docs subdomain and no documentation link from the API page, footer or onboarding hub (checked 19 September 2026). Custom work is quoted separately — Swiset responds to a customization brief within ten business days and says it may carry additional fees and longer timelines.

Swiset publishes no price for any B2B product. There is no pricing page: /pricing returns the homepage shell byte-for-byte, and no pricing link exists in the navigation or footer (checked 19 September 2026). The product schema embedded in the prop firm page carries a price of "0" with the description "Contact for custom pricing", which is a placeholder rather than a free tier. Every route to a number is a Calendly booking.

What is published is the shape of the commercial model. Swiset sells setup plans in at least two named tiers — Basic Setup Plans and Premium Setup Plans (also written as Basic and Premium Proprietary Setups) — and the difference is material rather than cosmetic: Premium unlocks trailing and end-of-day drawdowns, consistency rules, mandatory stop loss and futures-style drawdowns, light and dark themes, landing page templates, payment gateway integration and the Fraud Detection Engine, while Basic supports three rule types and a light theme only. A firm quoting Basic should check its intended challenge rules against that list first, because everything else becomes a chargeable "extra customization".

A recurring pop-up on the prop firm pages advertises "Launch Your Prop Firm With a $0 Setup Fee", qualified as "Available for new Swiset API clients. Terms apply." — which indicates a setup fee normally applies, and that the waiver is tied to the API route. No per-account fee, revenue share, minimum term or billing cycle is disclosed anywhere.

Budget separately for: your own payment gateway and its approval process, KYC platform, payout processor and certification issuer; hosting and domain if you keep them in-house; any rule or UI work outside the licensed feature list; and maintenance of custom components after deployment. The only price Swiset publishes anywhere is 29.99 USD per month for its consumer copy-trading product, which is unrelated to prop firm licensing.

The client onboarding hub sets out the prop path in four stages and names the owner and preparation for each: the firm must confirm challenge plans, phase requirements and pricing, define all trading rules and breach handling, list required systems and credential owners, prepare sandbox access, and define payout approval and KYC requirements. Competition implementations are quoted separately at "within 2-4 weeks". Swiset publishes a migration case study but names no incumbent platform it migrates firms from.

Support terms are published, which is more than most vendors in this category do. Swiset states the service is "provided with ticket-based support, ensuring responses within 1 to 3 hours, depending on the nature and volume of requests", with the caveat that "response times may be extended during weekends and recognized U.S. holidays due to reduced staffing". For outages, "clients should first contact our team via direct chat or the support desk", and the Product and Support Teams are described as available for critical issues affecting both trader and admin dashboards. A marketing FAQ claims "24/7 technical support, dedicated account managers", which is not repeated in the terms; treat the 1-3 hour ticket response as the committed figure and get any 24/7 or named account manager claim written into the contract.

Swiset runs a public status page at status.swiset.com built on Uptime Kuma, grouped into Swiset for Brokers Services, Swiset for Props Services, Trading Platforms Connectors and Swiset for Risk Services, with individual monitors for the dashboard, payments, scheduling and each platform connector. That per-connector granularity is genuinely useful when diagnosing whether an incident is Swiset or the platform. Note that the page's uptime percentages are suppressed by custom CSS, so historical availability is not visible to customers, and there is no incident history or post-mortem archive.

No uptime is contractually committed. The 99.9% figures on the site appear inside product mock-ups and as a case study result, not as a guarantee, and no published document offers service credits. Swiset also disclaims issues originating with external services — brokers, platforms, gateways — as "outside the scope of our support", which matters because those are the components most likely to break in a live prop firm.

The prop firm terms state support is "ticket-based support, ensuring responses within 1 to 3 hours, depending on the nature and volume of requests", and that response times "may be extended during weekends and recognized U.S. holidays due to reduced staffing". For outages, clients are told to contact the team "via direct chat or the support desk"; issues originating from external services are "outside the scope of our support". The status page groups monitors for Brokers, Props, platform connectors and Risk; its own uptime percentages are hidden by custom CSS. No uptime commitment or service credit appears in any published document (checked 19 September 2026).

Swiset holds no named security certification, and says so itself. Its security page carries the disclaimer that the page "describes our own practices and is not an independent certification or audit report". No SOC 2, ISO 27001 or PCI DSS certification is claimed for the B2B platform.

What it does publish: an AWS Well-Architected Review conducted by Clouxter, validating that its cloud infrastructure follows AWS best practice across operational excellence, security, reliability, performance efficiency and cost optimization. This is a structured architecture review by an AWS partner, not a security audit or certification, and should be read as such. Alongside it Swiset lists secure cloud infrastructure on AWS, "encryption of sensitive data in transit and at rest", role-based access controls, continuous platform monitoring, regular infrastructure reviews and secure development practices, and states a GDPR commitment.

The prop firm terms add AWS WAF for threat mitigation and state that Swiset complies with "the General Data Protection Regulation (GDPR) and the EU-U.S. Privacy Shield Framework" — a framework invalidated in 2020 and since replaced, which suggests the clause has not been reviewed recently and is worth raising. The same section states plainly that the services "do not include liability coverage" for losses from data breaches or cyberattacks, that clients "are strongly encouraged to implement their own cybersecurity measures", and that "absolute prevention cannot be guaranteed".

Not evidenced anywhere: SSO, MFA, audit logs, penetration test cadence, backup frequency or RPO, disaster recovery RTO, data residency options, a bug bounty, a DPA or a subprocessor list. A reCAPTCHA rollout in April 2026 is the only other security change published. For a firm with EU or UK traders, the absence of a published DPA and subprocessor list is the first thing to request.

The most important fact for a prop firm buyer: Swiset names no prop firm client. Its case studies section carries four prop firm stories, all anonymised as "Multi-Market Prop Firm", "Scalable Prop Firm", "Migrating Prop Firm" and "Risk-Optimized Prop", with testimonials attributed to roles rather than people. The named logos on the site belong to the competitions side of the business: AvaTrade (4,075 traders engaged, 31,466 trades, a $100,000 prize pool), Eightcap (429 participants over 16 trading days), Exness (35% engagement boost), Equiti (400+ new traders in LATAM), Taurex (a rewards system launch), AfterPrime Trading (+120% volume), plus Sergio Arboleda University (2,273 students in 25 days) and the AlejandroFX community. A 2026 partnership post states Swiset powers Bullfy's trading tournaments.

Two testimonials on the prop firm pages are anonymised as "Prop Firm Founder, Israel", and one is attributed to Tarek Abdullah, a senior business consultant at cTrader, who says "several of my clients have chosen Swiset to power the CRM side of their Prop Firms". That is the closest thing to a third-party prop reference Swiset publishes.

Every scale figure is self-reported, and Swiset's own pages do not agree with each other. The prop firm page shows "+100" prop firms, "+$50M" in sales, "+500K" challenges and "+100K" traders. The About page states "+8 years building trading technology · +140 countries reached · +50 prop firms launched · +100K active accounts". The Alliances page shows "12M+" tracked trades, "250K+" traders registered, "180K+" broker accounts created and "80+" countries. LinkedIn claims "over 50 proprietary firms and 100,000 traders across 180+ countries", while Finance Feeds reported "over 50 proprietary trading firms and around 70,000 individual traders across more than 160 countries". No number is asserted in this profile. Ask for a current, defined count of live prop firms and for two prop firm references you can call.