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Silwana Brokerage
United Kingdom|2-5 years| https://silwanabrokerage.com/
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No valid regulatory information, please be aware of the risk!
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40G
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+971 (0)45563000
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Silwana Brokerage LLC
Silwana Brokerage
United Kingdom
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
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| Maximum Leverage | -- |
| Minimum Deposit | $10000 |
| Minimum Spread | from 0.2 |
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| Maximum Leverage | -- |
| Minimum Deposit | $100 |
| Minimum Spread | from 1.2 |
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| Depositing Method | -- |
| Withdrawal Method | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | $1000 |
| Minimum Spread | from 1.5 |
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| Minimum Position | -- |
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| Depositing Method | -- |
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| Commission | -- |
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- Non-Fixed Capital(A)+(B)-(C)=(D)
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Capital
$(USD)
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Silwana Brokerage · Company Summary
Risk Warning
Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks.
General Information
| Silwana Brokerage Review Summary | |
| Founded | 2018 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | No regulation |
| Market Instruments | forex, precious metals, indices, energies, and shares |
| Demo Account | Available |
| EUR/USD Spread | 1.2 pips (Std) |
| Trading Platforms | MT5 |
| Minimum Deposit | $100 |
| Customer Support | email, telephone, social media |
What is Silwana Brokerage？
Silwana Brokerage is an unregulated brokerage firm which offers a wide range of trading instruments, covering various asset classes, such as forex, precious metals, indices, energies, and shares. However, it is important to note that Silwana Brokerage currently lacks regulation and has been associated with reports of scams, raising concerns about the safety and reliability of the brokerage. Traders should exercise caution and thoroughly research the risks associated with an unregulated broker before engaging in any investment activities with Silwana Brokerage.
We will examine this broker's attributes from a variety of angles in the following post, giving you clear and organized information. Please continue reading if you're curious. To help you quickly comprehend the broker's qualities, we will also provide a concise conclusion at the end of the piece.
Pros & Cons
| Pros | Cons |
| • Offers various market instruments | • Numerous reports of scams |
| • Demo accounts supported | • Lack of valid regulation |
| • Offers MT5 trading platform | • Regional restrictions |
| • Wide range of deposit/withdrawal methods available |
Silwana Brokerage Alternative Brokers
There are many alternative brokers to Silwana Brokerage depending on the specific needs and preferences of the trader. Some popular options include:
FXTM - ForexTime (FXTM) provides a variety of account types, educational materials, and analysis tools. It offers competitive trading conditions and a range of instruments to trade.
XM - XM offers a diverse range of trading instruments, competitive spreads, and multiple account types. It is known for its educational resources and customer support.
IG - A globally recognized broker known for its competitive spreads, extensive market coverage, and user-friendly platforms - recommended for traders of all levels seeking a reliable and feature-rich trading environment.
Is Silwana Brokerage Safe or Scam？
Despite offering a variety of trading instruments, account types, and trading tools, Silwana Brokerage's lack of regulation raises concerns about the safety and reliability of the broker. Moreover, the presence of numerous reports of scams adds to the skepticism surrounding brokerage. Traders should exercise caution and thoroughly research the risks associated with using an unregulated brokerage before considering any investment with Silwana Brokerage.
Market Instruments
Silwana Brokerage's diverse array of trading instruments presents traders with a wide range of investment opportunities, allowing them to access and explore various global markets across multiple asset classes.
The inclusion of forex, the largest and most liquid financial market globally, empowers traders to engage in currency trading and take advantage of fluctuations in exchange rates between different currencies.
Moreover, the availability of precious metals like gold and silver offers a safe-haven option for investors during times of economic uncertainty, as these assets are often considered as stores of value.
Indices trading enables traders to speculate on the overall performance of specific stock market indices, providing exposure to a broader market segment rather than individual stocks.
Additionally, energy trading opens up possibilities in the oil and natural gas markets, which are heavily influenced by geopolitical events and supply-demand dynamics.
The inclusion of shares further diversifies the trading options, allowing investors to trade individual stocks of various companies, ranging from well-established corporations to emerging firms. This presents opportunities for investors to capitalize on the performance of specific companies and sectors based on their analysis and market outlook.
Accounts
Silwana Brokerage offers three types of trading accounts: Standard accounts, Dynamic accounts, and STP accounts. These accounts have different minimum deposit requirements, starting at $100 for Standard accounts, $1000 for Dynamic accounts, and $10,000 for STP accounts. To facilitate risk-free practice and familiarization with the trading platform, Silwana Brokerage also provides demo accounts. These demo accounts allow clients to access virtual funds and simulate real-market conditions, providing an invaluable opportunity to test various strategies and develop confidence in their trading abilities before committing real funds.
| Account Type | Minimum Deposit |
| Standart | $100 |
| Dynamic | $1000 |
| STP | $10000 |
Spreads & Commissions
The spreads offered by Silwana Brokerage vary across different account types. Standard accounts have spread starting from 1.2 pips, Dynamic accounts from 1.5 pips, and STP accounts from 0.2 pips. Notably, the broker does not charge any commissions on trades for all types of accounts. By offering a range of spreads tailored to different account types and eliminating commissions, Silwana Brokerage aims to provide a fair and transparent pricing model that aligns with the diverse needs and trading strategies of its clientele. This approach allows traders to focus on their trades without worrying about hidden fees, fostering a positive trading experience with the broker.
Below is a comparison table about spreads and commissions charged by different brokers:
| Broker | EUR/USD Spread (pips) | Commissions (per lot) |
| Silwana Brokerage | 1.2 (Std) | No commission |
| FXTM | 1.5 | N/A |
| XM | 0.6 | N/A |
| IG | 0.6 | $10 per trade |
Trading Platform
Silwana Brokerage utilizes the MT5 trading platform, a popular and widely used platform in the financial industry. MT5 offers advanced charting tools, technical indicators, and expert advisors, providing traders with a comprehensive and user-friendly interface for executing trades and conducting market analysis. Can you expand the paragraph with sentences？ For traders seeking automated trading solutions, MT5's expert advisors (EAs) prove to be invaluable tools. These EAs are algorithmic trading programs that execute trades on behalf of the trader based on pre-defined trading strategies. This feature enables traders to participate in the markets 24/5, even when they are not actively monitoring their accounts.
See the trading platform comparison table below:
| Broker | Trading Platforms |
| Silwana Brokerage | MT5 |
| FXTM | MetaTrader 4, MetaTrader 5, FXTM Trader |
| XM | MetaTrader 4, MetaTrader 5, Trading software |
| IG | IG WebTrader, IG API, MetaTrader 4, ProRealTime |
Trading Tools
Silwana Brokerage goes the extra mile in supporting its clients' trading endeavors by offering a suite of essential trading tools to enhance their decision-making processes.
The Economic Calendar is a valuable tool that keeps traders informed about significant upcoming market events, such as economic indicators releases, central bank announcements, and geopolitical events.
The provision of Daily Market Research further enriches the trading experience for clients. By receiving expert analysis and commentary on current market trends and developments, traders gain valuable insights into various financial instruments and markets. This timely information empowers traders to make informed decisions, adapt to changing market conditions, and identify potential trading opportunities.
Additionally, Silwana Brokerage's Market Analysis and Insights offer a comprehensive perspective on market movements, providing in-depth research and technical analysis. This tool equips traders with a deeper understanding of asset price dynamics and enables them to refine their trading strategies based on a more thorough evaluation of market behavior.
Deposits & Withdrawals
Silwana Brokerage places a strong emphasis on convenience and accessibility for its clients, offering a wide range of deposit and withdrawal methods to cater to diverse needs.
Clients can opt for traditional methods such as Bank Transfer and VISA, which are widely used and accepted across the financial industry. These methods provide a secure and familiar way for traders to fund their accounts and withdraw their profits.
In addition to traditional options, Silwana Brokerage recognizes the growing popularity of digital currencies and offers alternative payment methods such as PM (Perfect Money), bitcoin, and tether. Embracing these cryptocurrencies allows for faster and borderless transactions, providing clients with added flexibility and convenience when managing their funds.
Notably, Silwana Brokerage sets a minimum deposit requirement of $100, making it an inclusive choice for traders with various budget sizes. This lower entry point enables both new and experienced traders to access the financial markets and take advantage of the broker's services, regardless of their initial capital.
Silwana Brokerage minimum deposit vs other brokers
| Silwana Brokerage | Most other | |
| Minimum Deposit | $100 | $100 |
User Exposure on WikiFX
On our website, you can see reports of scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section. We would appreciate it and our team of experts will do everything possible to solve the problem for you.
Customer Service
Silwana Brokerage prioritizes customer satisfaction and accessibility by offering a diverse range of customer service channels. Clients can contact the brokerage through telephone support at +971(0)45563000, providing a direct and real-time means of communication for urgent inquiries or assistance. Additionally, clients can reach out via email at info@silwanabrokerage.ae, allowing for more detailed or non-urgent queries to be addressed promptly.
Acknowledging the significance of social media as a communication platform, Silwana Brokerage maintains an active presence on various platforms, including Facebook, Twitter, LinkedIn, Instagram, and YouTube.
Silwana Brokerage provides its physical address as Yes Business Tower, located on the seventh floor, offices 708, 709, and 710, in Al Barsha first, Dubai, United Arab Emirates, with PO Box 57976.
Education
Silwana Brokerage places a strong emphasis on empowering its clients with the necessary knowledge and skills to make informed trading decisions. The educational platform, which includes the “Learn from beginner” and “All about trading by Silwana brokerage” programs, serves as a comprehensive resource center.
For beginners, the “Learn from beginner” program offers a step-by-step guide, covering the fundamental principles of trading, market terminology, and basic trading strategies. This foundational course equips novice traders with the essential knowledge to confidently enter the financial markets.
For experienced investors seeking to refine their trading strategies, the “All about trading by Silwana brokerage” program delves into advanced trading concepts, technical and fundamental analysis, risk management techniques, and more. By offering this program, Silwana Brokerage caters to traders at different stages of their trading journey, enabling them to enhance their existing skills and adapt to changing market conditions.
Conclusion
Silwana Brokerage is a brokerage firm founded in 2018, based in Saint Vincent and the Grenadines. It offers a diverse range of trading instruments across different asset classes, along with several types of trading accounts, each with distinct minimum deposit requirements. The broker provides the MT5 trading platform and offers multiple trading tools, including an Economic Calendar, Daily Market Research, and Market Analysis and Insights. Additionally, Silwana Brokerage offers educational resources for traders. However, the lack of regulation and reports of scams raise significant concerns about the safety and reliability of the brokerage. Potential clients should exercise caution and consider these risks before engaging with Silwana Brokerage.
Frequently Asked Questions (FAQs)
Q1: What trading platform does Silwana Brokerage provide？
A1: Silwana Brokerage offers the MT5 trading platform for its clients, which provides advanced charting tools, technical indicators, and expert advisors.
Q2: What deposit and withdrawal methods are accepted by Silwana Brokerage？
A2: Silwana Brokerage accepts deposits and withdrawals via Bank Transfer, VISA, PM, CASH, bitcoin, and tether, with a minimum deposit requirement of $100.
Q3: What types of trading instruments does Silwana Brokerage offer？
A3: Silwana Brokerage offers a variety of trading instruments across different asset classes, including forex, precious metals trading, indices, energies, and shares.
Q4: Is Silwana Brokerage regulated by any financial authority？
A4: No, Silwana Brokerage is not regulated by any financial authority, and it operates without regulatory oversight.
Q5: Does Silwana Brokerage have any regional restrictions？
A5: Yes, Silwana Brokerage Limited does not provide services to residents of the USA, Canada, Sudan, Syria, North Korea.
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