Sidra Capital has been flagged by Dubai Financial Services Authority for "Registered/Licensed entity impersonators|Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Sidra Capital offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Smooth onboarding|Stable platform|Easy withdrawals|Instant funding
Cons: Charting tools need more indicators|Nothing significant
Do not believe the bonus offer from Sidra Capital. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after my brother mentioned them and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: API access|Dedicated account manager|No hidden fees
Cons: No dark mode on mobile
The mobile app from Sidra Capital is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Personal attention|High security standards|Segregated accounts
Cons: Limited social trading features|Minimum deposit could be lower
Sidra Capital has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Multi-currency support|Great customer service
Cons: Wait times can be long during peak hours|Limited demo account features
Tried to withdraw my funds from Sidra Capital and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Professional looking website
Cons: Withdrawal fees demanded|Communication cut off|Not authorized