Sword Capital-Overview of Minimum Deposit, Spreads & Leverage

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

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.

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.