Sword Capital Broker Review
https://www.sword-capital.com/
Sword Capital is a forex broker claiming to be regulated by the Kuwait Capital Markets Authority (CMA) and the UK Financial Conduct Authority (FCA), though these claims are unsubstantiated and misleading. In reality, CMA does not license forex brokers, and there is no FCA record of Sword Capital. It operates without valid regulation, raising significant concerns about safety and legitimacy.
Features:
Platforms: MT4, MT5, and Sword Capital Mobile App.
Instruments: Over 40 forex pairs, CFDs on indices, shares, metals, oil, and more.
Leverage up to 200:1.
Account types include various with minimum deposits starting at $100.
Deposits and withdrawals via bank transfer and KNET.
Issues and Warnings:
Sword Capital has been widely reported as a scam with many clients unable to withdraw funds.
Complaints of high spreads, commissions, and withdrawal fees.
Lack of physical presence despite claims of an office.
Fake positive reviews and manipulation of online ratings.
Client dissatisfaction with customer service and trading conditions.
Traders Union gives a low score (4.35/10), recommending caution and seeking more reliable brokers.
Numerous experts and review sites label Sword Capital as untrustworthy and fraudulent.
Summary:
Sword Capital presents itself as a regulated forex broker with competitive offerings, but in reality, it operates without legitimate regulatory oversight, making it a high-risk choice. Reports of fraud, fund withdrawal issues, and deceptive practices are common. Potential clients are strongly advised to avoid this broker and choose well-regulated and transparent alternatives for safer trading experiences
Sword Capital is a forex broker claiming to be regulated by the Kuwait Capital Markets Authority (CMA) and the UK Financial Conduct Authority (FCA), though these claims are unsubstantiated and misleading. In reality, CMA does not license forex brokers, and there is no FCA record of Sword Capital. It operates without valid regulation, raising significant concerns about safety and legitimacy.
Features:
Platforms: MT4, MT5, and Sword Capital Mobile App.
Instruments: Over 40 forex pairs, CFDs on indices, shares, metals, oil, and more.
Leverage up to 200:1.
Account types include various with minimum deposits starting at $100.
Deposits and withdrawals via bank transfer and KNET.
Issues and Warnings:
Sword Capital has been widely reported as a scam with many clients unable to withdraw funds.
Complaints of high spreads, commissions, and withdrawal fees.
Lack of physical presence despite claims of an office.
Fake positive reviews and manipulation of online ratings.
Client dissatisfaction with customer service and trading conditions.
Traders Union gives a low score (4.35/10), recommending caution and seeking more reliable brokers.
Numerous experts and review sites label Sword Capital as untrustworthy and fraudulent.
Summary:
Sword Capital presents itself as a regulated forex broker with competitive offerings, but in reality, it operates without legitimate regulatory oversight, making it a high-risk choice. Reports of fraud, fund withdrawal issues, and deceptive practices are common. Potential clients are strongly advised to avoid this broker and choose well-regulated and transparent alternatives for safer trading experiences
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