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.
I gave Siwan Trading a fair chance. After for nearly two years of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Two-factor authentication|Quick verification
Cons: Minor UI glitches occasionally
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Siwan Trading recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Dedicated account manager|High security standards|Smooth onboarding
Cons: Desktop app not available on Linux|Could offer more webinars
The mobile app from Siwan Trading 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: Risk management tools|Wide product range|Regular updates|Reliable uptime
Cons: Withdrawal takes 1-2 business days|Live chat only during business hours
My withdrawal from Siwan Trading was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since I retired last year of being strung along.
Pros: Tax reports included|Helpful community forum|Great customer service
Cons: No crypto staking|Limited social trading features