Siwan Trading has been flagged by Financial Services Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Do not use Siwan Trading for anything serious. I used them since the beginning of the year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Helpful community forum|Full transparency|Easy withdrawals|Market news feed
Cons: Onboarding videos are outdated|Help articles are sometimes vague
I closed a profitable position at Siwan Trading and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Professional team|No hidden fees|Real-time alerts
Cons: Limited cryptocurrency options
I was about to invest with Siwan Trading but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Services Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Pros: Information is publicly available for verification
Cons: Flagged by international regulators|Due diligence required
The so-called education at Siwan Trading is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for over three years thinking they would help me learn.
Pros: Detailed reporting|Tax reports included|Excellent charting|Instant funding
Cons: Withdrawal takes 1-2 business days
I signed up with Siwan Trading while looking for alternatives to my previous provider and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Good mobile app|Transparent fees|Dedicated account manager|Customizable dashboard
Cons: Slow to add new assets
I referred a friend to Siwan Trading from a blog post comparing services. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Smooth onboarding|Professional team|Transparent fees
Cons: Account statements could be more detailed
Siwan Trading 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: Intuitive for beginners|Fast deposits|Risk management tools|Regular updates
Cons: Could offer more webinars
After spending since I retired last year trying to make Siwan Trading work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Economic calendar|Multiple order types|Clear documentation|High security standards
Cons: Charting tools need more indicators
I invested $5,000 with Siwan Trading after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Services Authority.
Pros: Professional looking website
Cons: No regulatory oversight|Money disappeared|Fake testimonials