Sanabil Capital Ltd. is a Seychelles-registered forex and CFD broker, operating under the Financial Services Authority (FSA) license number SD 173. Established to provide trading services to a global clientele, Sanabil Capital has positioned itself as a reputable entity within the online trading landscape. The company is headquartered in Seychelles, with its main office located at Room B 11, First Floor, Providence Complex, Providence, Mahe, Seychelles.
As a private entity, Sanabil Capital focuses primarily on retail forex trading, offering a suite of services tailored to individual traders. The broker caters to a diverse market, including both novice and experienced traders, providing them with access to a wide range of financial instruments and trading platforms. Sanabil Capital's mission is to empower retail investors by providing a user-friendly trading environment, comprehensive market data, and direct access to numerous forex liquidity sources.
Over the years, Sanabil Capital has made significant strides in expanding its services and enhancing its trading infrastructure. The broker has developed a tiered account structure, allowing clients to choose among various account types based on their trading needs and capital levels. Additionally, the introduction of a proprietary prepaid card for seamless transactions has marked an important milestone in the company's growth.
Sanabil Capital operates under a business model that emphasizes retail forex trading, with a focus on providing users with the tools and resources necessary for successful trading. This includes offering access to popular trading platforms like MetaTrader 4 and MetaTrader 5, which are widely recognized for their robust performance and user-friendly interfaces.
Sanabil Capital is regulated by the Seychelles Financial Services Authority, holding license number SD 173. This regulatory framework allows the broker to offer its services globally, though it is essential to note that the level of oversight is not as stringent as that provided by top-tier regulatory bodies such as the UK's Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC).
The broker does not provide guaranteed funds or segregated accounts for client deposits, which is a critical consideration for potential investors. While Sanabil Capital does implement some investor protection measures, such as negative balance protection, it lacks several safeguards commonly found in more regulated environments. This includes the absence of an investor compensation scheme, meaning that in the event of insolvency, reimbursement would depend on the firm's own resources and legal proceedings.
Sanabil Capital adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, ensuring that all clients undergo proper verification processes to mitigate risks associated with fraud and money laundering. However, the light ongoing oversight from the FSA means that traders should exercise caution and conduct thorough due diligence before engaging with the broker.
Sanabil Capital offers a diverse range of trading products, primarily focusing on forex and CFDs. The broker provides access to over 100 trading instruments, including:
The broker does not currently offer cryptocurrency trading, which may limit some traders looking for exposure to digital assets. Sanabil Capital's product offerings are updated periodically, with plans to expand the range of available instruments in the future.
For retail traders, Sanabil Capital provides a robust trading environment, while institutional clients can also benefit from tailored services. The broker does not offer white-label solutions or asset management services at this time.
Sanabil Capital primarily utilizes the MetaTrader ecosystem, offering both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are renowned for their advanced trading capabilities, user-friendly interfaces, and extensive analytical tools.
Both platforms are accessible via desktop, web, and mobile applications, ensuring that traders can manage their accounts and execute trades on the go. Sanabil Capital has plans for a proprietary trading platform, although no specific launch date has been announced.
The broker operates on an ECN execution model, connecting traders to the market without dealing desk intervention. This model allows for market execution of orders, providing traders with greater control over their trading strategies. The broker does not disclose its liquidity providers, which may be a consideration for some traders.
Sanabil Capital offers three distinct account types to cater to different trading preferences and capital levels:
The broker offers leverage up to 1:500 across all account types, which can amplify both potential gains and losses. Traders should be aware of the risks associated with high leverage and implement appropriate risk management strategies.
Sanabil Capital also provides a demo account for traders to practice their strategies in a risk-free environment. This feature is particularly beneficial for new traders looking to familiarize themselves with the trading platform and market dynamics.
Sanabil Capital supports various deposit and withdrawal methods to facilitate seamless transactions for its clients:
Sanabil Capital maintains a no-fee policy on deposits and withdrawals, but clients should consider any fees imposed by their banks or payment processors.
Sanabil Capital is committed to providing comprehensive customer support to its clients. The broker offers various channels for assistance, including:
Traders can access a range of trading tools, such as calculators and economic calendars, to assist them in their trading activities.
Sanabil Capital serves a global market, providing trading services to clients in various regions. However, the broker does not accept clients from specific countries, including:
Overall, Sanabil Capital presents a compelling option for traders looking for a flexible and accessible trading environment. However, potential clients should carefully consider the regulatory landscape and the associated risks before engaging with the broker.