SWORD CAPITAL

Sword Capital is a financial brokerage firm that was established in 2019 and is registered in Kuwait. Its registered address is Al-jawhara Tower - Sharq Floor 18 - Kuwait City. The broker operates the website sword-capital.com and describes itself as an online brokerage serving both individuals and institutions. It has a presence on social media platforms including Instagram and YouTube.

The company claims to have been founded in 2013 on its website, but our records indicate a founding date of 2019-03-01. This discrepancy may reflect a rebranding or a difference in corporate history. Traders should verify such claims directly.

Our review found that Sword Capital does not hold any known financial regulatory licenses from recognized authorities such as the FCA, CySEC, or ASIC. The broker's website states it is 'regulated in Kuwait', but Kuwait's regulatory framework is not a standard offshore financial regulator and does not provide the level of oversight expected by international traders. The absence of a credible regulatory license is a significant risk factor for clients.

In FXCanary's assessment, the lack of independent regulatory oversight means traders have limited recourse in the event of disputes or broker misconduct. The broker's own disclaimer indicates it does not offer services to residents of certain jurisdictions, including the US and EU, which further suggests it operates outside major regulatory perimeters.

Sword Capital offers a range of tradable instruments through contracts for difference (CFDs). These include major and cross forex pairs, energy commodities (such as oil and natural gas), precious metals (like gold and silver), agricultural products, global stock indices, and individual US stocks. The broker states that it deals OTC with regulated exchanges and banks, but the counterparty details are not disclosed.

The product list is typical of a multi-asset retail broker, but the lack of regulatory scrutiny means the quality of execution and pricing cannot be independently verified. Traders should be cautious about the transparency of the instruments.

The broker provides several account categories tailored to different client types: Personal, Corporate, IB (Introducing Broker), Hedge Fund, Premium, and Family Office. A demo account is also available for practice. Corporate accounts require a minimum deposit of $25,000, while personal account minimums are not specified on the website but are likely to be lower. The account opening process involves submitting an application and approval before funding.

All accounts are likely subject to the same trading conditions, but certain higher-tier accounts may offer additional features. Third-party payments are not allowed, and the broker enforces anti-money laundering checks. This suggests a structured onboarding process, though the absence of regulated oversight reduces the reliability of these procedures.

Sword Capital supports the MetaTrader 5 (MT5) platform, which is a popular choice among retail traders for its advanced charting, automated trading via Expert Advisors, and multi-asset capabilities. The broker also provides its own proprietary Sword Mobile App, as well as an MT4 Mobile App for traders who prefer the older platform. All platforms are available for download on the broker's website.

The use of MT5 is a positive point as it is a widely respected platform with a strong user community. However, the broker controls the server and connectivity, so execution reliability depends on their infrastructure. The website claims fast execution (under 1-2 seconds), but this cannot be tested without a live account.

Sword Capital offers maximum leverage of 1:200 on forex instruments, which is relatively high and can amplify both gains and losses. The broker operates on a No Dealing Desk (NDD) model, meaning orders are passed directly to liquidity providers. Commission is charged per lot (e.g., $20 for major FX pairs), while spreads are variable or 'market spread'.

Other trading conditions include a minimum trade size of 0.01 lots, hedging allowed (with swap fees after 7 days), and liquidation at a margin level between 30% and 5%. Scalping and news trading are permitted. These terms are standard for many retail brokers, but the lack of regulatory oversight means the broker could alter conditions without notice. Traders should review the fine print carefully.