Silwana Brokerage review – Silwana Brokerage Scam or Legit Dubai – Throughout this review, we will discuss the reasons why you should not invest with Silwana Brokerage and possibly also with Silwana Diamond Investment.
What is Silwana Brokerage
Silwana Brokerage is a company that allows you to trade on financial markets, including forex, stocks, commodities, and indices.
A real account requires a minimum deposit of 100 USD. In order to make better trading decisions, your broker will provide you with a daily market analysis.
Additionally, Silwana runs an investment fund that invests in different markets: precious metals, oil, cryptocurrencies, commodities, stocks, and indices.
This investment fund’s performance last year was allegedly between 25 and 50 percent.
Silwana investment funds are supposed to be passive income streams, you just have to choose your fund, invest and wait for the profits. Is this actually true?
Silwana is a legitimate company?
Stay away from Silwana Brokerage
Our investigation of the Silwana Brokerage found a few reasons why we do not recommend this company for investment. This review explains why.
Not regulated = problem
The fact that Silwana Brokerage is unregulated is the first and most important reason to avoid it.
The company’s primary location is in Dubai, but if you read the fine print at the bottom of the page, you’ll discover that the broker is based in St. Vincent and the Grenadines.
This is a warning sign. Why isn’t the corporation regulated by the DFSA in Dubai if it’s based there? If you don’t want or can’t meet the regulatory standards in your home country, going abroad to form an investment business is never a positive sign.
We believe that people should only invest and deal with companies that are regulated. Because financial regulation ensures that consumers are protected to some extent. Deposits with regulated brokers, for example, are guaranteed in several countries. With uncontrolled ones, you’ll never get that.
It’s also worth noting that because Silwana Brokerage is unregulated, it is unable to lawfully solicit customers in practically any country. All of these countries, including the United States, Canada, the United Kingdom, the European Union, Australia, and New Zealand, require investment corporations to be registered and regulated. If they are not, they will be unable to provide services to citizens of those nations.
Dubious returns on investment
Silwana displays outcomes from the previous month, three months, six months, and year in its table of investment funds (see image below). And in every time period indicated, all funds are apparently profitable; everything is green.
Which appears to be highly suspect. Such returns would necessitate an investment genius, but they also appear to be unachievable.
Take, for example, the most recent fund, “Dow Jones – S&P – Nasdaq.” Silwana claims it made a total of 35 percent ROI in a year by bringing home money in each time period.
This is in stark contrast to what occurred in the markets in actuality. Marketwatch’s real-time performance of the Dow Jones Industrial Average, S&P 500, and NASDAQ Composite Index can be seen on the right side of our image, and it’s all red. Except for the S&P 500’s one-year return of 0.26 percent.
In actuality, a fund made out of those three indices would be in the red, losing money.
Therefore it is very hard to believe that Silwana somehow managed to do the opposite of what happened in the markets.
We’re not saying it’s impossible, because day traders can theoretically achieve different outcomes than those who simply purchase and wait for the markets to do their thing.
However, Silwana’s accomplishments appear to be highly improbable, especially for an uncontrolled and offshore corporation. Having a profit every month, quarter, half-year, and year on every market — from the perspective of an experienced trader, this appears to be a fairy tale.
We’d like to see audited outcomes, as well as some concrete evidence of performance.
Silwana Global a Silwana Diamond Investment
Silwana Global and Silwana Diamond Investment, both focused on investment services, are both part of the same umbrella company.
Silwana Diamond Assets offers non-digital investments such as cattle, fish, and vegetable farming.
However, these ventures appear to be just as suspect as the brokerage investment funds. Let’s take a look at the rabbit breeding project, for example.
They claim that total costs are 170,495 EGP, with profits of 45,055 EGP paid out every 45 days beginning 4–6 months after the project begins.
45,055 EGP represents 26,43% of the initial investment. If you begin receiving earnings after 5 months, you will receive 4,6 times your 26,43 percent for the remainder of the first year, for a total profit of 124,58 percent in the first year.
That’s a lot. Particularly for rabbit breeding. And in the second year, you would receive earnings totaling 214,37 percent of your initial investment from beginning to end.
Also, Silwana’s numbers are perplexing because they first indicate yearly costs will be 170,945 EGP, then say they will be 270,800 EGP a few paragraphs later, changing the profits in the first year to 55 percent, which is still very high.
Overall, Silwana Diamond’s claimed returns on investment appear to be quite unattainable.
And it will be incredibly difficult for an investor to verify that Silwana is actually doing what it says it is doing with the money.
Final Thought Silwana review
We advise keeping clear from Silwana Brokerage and Silwana Diamond Investment since they advertise suspiciously large investment returns and are unregulated.
We advocate sticking with regulated organizations for financial trading and investment; you can test them out for free.
Most importantly, you must comprehend the dangers and accept the fact that there are no guarantees when investing real money.