Sword Capital foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.sword-capital.com/open-accounts/personal-account/, about the company's legal and temporary regulatory information, the company's address Kuwait Sharq Blk7 Tower44 Floor 19-18.
Sword Capital Forex Broker
Basic information
Hong Kong
5-10 years Suspicious Regulatory License MT5 Full License Regional Brokers United Arab Emirates Common Financial Service License Revoked Suspicious Overrun High potential riskCompany profile
Established in 2013, Sword Capital operates as a financial brokerage firm based in Hong Kong, specializing in a diverse range of CFDs across Forex, Energy, Metals, Agricultural commodities, Indices, and Stocks. The company boasts comprehensive customer support services and offers leverage up to 1:200 for forex trading. However, it is noteworthy that Sword Capital is not regulated by any financial authorities.
Pros and Cons
| Pros | Cons |
| Various trading choices | Revoked DFSA license |
| Demo accounts | High commissions |
| Multiple trading accounts | High minimum deposit |
| MT5 trading platform | Unknown payment methods |
| Comprehensive contact channels | Unreasonable trading charges |
Is Sword Capital Legit?
No, Sword Capital is not a legitimate broker. While it claims to have a physical office in Dubai, our survey team conducted a visit to Dubai, UAE, specifically to locate the dealership of Sword Capital. However, they could not find any logo or office at the publicly disclosed business address, suggesting that the provided business address might be fictitious.
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
| Dubai Financial Services Authority (DFSA) | Revoked | Sword Capital (DIFC) Limited | Common Financial Service License | F004631 |
What Can I Trade on Sword Capital?
The tradable financial instruments offered by Sword Capital include CFDs across Forex, Energy, Metals, Agricultural commodities, Indices, and Stocks.
| Tradable Instruments | Supported |
| CFDs | ✔ |
| Forex | ✔ |
| Energy | ✔ |
| Metals | ✔ |
| Agricultural commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Sword Capital offers four types of live accounts: Personal Account, Corporate Account, IB Account, and Hedge Fund Account. However, it has not provided detailed information on the differences and conditions of these accounts. In addition, it offers a free demo account with $10,000 in virtual funds for practicing trading skills.
Leverage
Sword Capital only mentions providing a leverage of 1:200 for forex trading, which is quite risky, especially considering that it is an unregulated broker. Therefore, you should avoid trading with Sword Capital.
Spread and Commission
Spreads at Sword Capital are influenced by market conditions.
In terms of commissions, it typically charges $20 for trading one standard lot of most products. For stocks,the commission is $20 per 1000 shares.
Trading Platform
Sword Capital claims to offer the MT5 trading platform and a trading system called Sword Mobile. However, they list extremely unreasonable conditions on their website. If you use MT5, you need to deposit a minimum of $100,000, and you must either trade a minimum of 30 lots per day or pay $2,500 in fees per month. Based on these conditions, it's best to avoid this fraudulent broker altogether.
| Trading Platform | Supported | Available Devices | Suitable for |
| Sword Mobile | ✔ | Android, iOS | / |
| MT5 | ✔ | PC, Android, iOS | Experienced traders |
| MT4 | ❌ | / | Beginners |
Rating Index
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孟祥帅
Taiwan
I just signed up, and a buddy of mine warned me that the site doesn't have any sort of official authorization to operate. **** it, I didn't give it much thought and was quickly swayed by the high rate of return it promised. When I tried to get money out of this site, they said no. Now I have to go on trading with it, check out the results and see what develops.
Neutral
2022-11-26