😢😢😢Wow I'm so surprised you mentioned JuliaOswin! When I started the crypto process with her knowledge in 2021, I never know it could challengingly turning me to millionaire
Hi sir im new to sarwa. i deposited 1000$ to invest in an account after i requested a transfer trade account. Now my balance shows 0$ what i should i do. Till now my money also not received
Once again great video review Luka, sure this app/“broker” isn’t really the actual broker and the app doesn’t provide lots of info on the selected stock/etf but let’s be honest what broker app gives ample info if u were truly research about that stock, 2 and even 3 websites will barely be enough to gather info such as fundamental info ex dividend date etc… what matters to me as an investor is that I pay NOTHING to trade and especially NO WITHDRAWAL FEES *cough*Baraka*cough* Finally I’d like to say is that sarwa invest is a really good starter for people who don’t have a single clue about the stock market but still would like to enter in safely (at least that’s in my personal experience).
I agree with your points. Sarwa is a good broker to start, and the absence of a withdrawal fee is important. However, I say in my review about the lack of info not to overly criticize the app, but more to tell people that for investing and doing stock picking, the app is not enough. Anyway, I think the missing expense ratio in ETFs is something they have to solve. That info is important. Thanks for the comment 👍
Thank you for your review. It was very helpful. I am will moving to Dubai from Rome in the next 2 months and wanted to start investing. Sarwa and Baraka looks good to start with. What is your take on AIX investements? secure SPV or the group in general? Thank you
Hello. I have no direct knowledge of AIX company, but they are basically and investment advisor which is not my first option when it comes to to invest money. If you want to invest in Dubai properties with an SPV you can check getstake.com or smartcrowd.ae that offer an interesting similar service I believe. But I don’t have direct experience in that too
I have been a sarwa investor for almost six months. I contacted them last day to add a nominee but they are charging a fee for that. Is this normal? And if the cash we deposit is in their account, if something happens to this app tomorrow, won't we lose all our cash? My plan was to invest for a very long time, how safe is it?
yeah i don't see why not. Until you can make international transfers to the UAE... I don't have StcPay but it seems you can do such transfer so I don't see issue on that 👍
Hi I’m new here, love your channel great videos! keep it up I have a question. Between Sarwa and Baraka or any other platform such as IBKR Lite, does any of these platform charge for overnight hold fees? Or in other terms which platforms are made for long term and which are more like day trading?
Hi, thanks for watching my video - I really appreciated it. None of them charge an overnight fee. The overnight fee is charged only from a platform that offers leverage (because they basically lend you money to invest), and both Sarwa / Baraka doesn't do that. You can have a margin account in IBKR Pro (the Lite version is available only for US investors), so in such a case, if you use margin, they will charge you daily interest. Also, you can't do day trading with Sarwa or Baraka cause they block you from executing continuous buy/sell in short terms. If you are planning to be a long term investor, all the apps I reviewed are 100% ok 👍 Just stay away from CFD and Margin Account, and you will be fine.
@@expat.investor thank you very much! I’m new to stock investing still trying to learn the concept and basics and your videos really helps a lot especially because its for the middle east and no other channel do the amount of effort and quality such as yours. I really appreciate it and your replies too. Looking forward for more of this beautiful and informative content!
Hi mate nice video! It’s worth investing from UAE in etfs that give dividends if the U.S. tax it’s 30 percent on them ? Or rather just invest in UCITS etf in Europe that are accumulated like VWCE?cheers
Hello. In principle, UCITS ETFs are tax efficient for expats because you can cut down WHTax from 30% to 15%, but it is also hard to find a broker that lets you trade them if you are not in Europe. For example, all UAE brokers like Baraka, Sarwa, and Raseed don't have UCITS ETFs. The only non-professional broker I know that lets you trade UCITS is Trading 212. If you use IBKR or Saxo, you can turn on the EU market and buy there. Sometimes also, the expense ratio of UCITS is higher, and $VWCE, for example, is listed in EUR, so it requires you to money conversion and exposure to forex... I personally own only 1 UCITS ETF: $RBOT but the dividend is basically zero 😝
@@expat.investor I see, so from uae if we don’t have the gains tax, we should focus on growth etf rather than dividend ones right ? What’s the best etf for that of us market ? VTI, VOO? I would love SCHD for income but not with 30 percent o dividends… how you cope with this tax? Tnx
@@phanthomel, of course, if you are in a country like UAE with 0% Income tax, the best choice is to invest in growth (S&P500 / NASDAQ100 as an example) or to invest in bonds if you want income (also 0% taxed) Dividends are penalized. I did this video about ETFs if you interested czcams.com/video/ATQTOAKt4WM/video.html Anyway, keep in mind this: Investing in SCHD gives you a 3.30% dividend yield right now. On the other side, VOO is around 1.66% while QQQ (nasdaq100) is 0.80% So, of course, you will say goodbye to cash flow, but you will have a better performance for your money in the long run. I personally started my dividend portfolio many years ago, and I was not in the UAE, so I had 15% WHT on my dividends. When I moved here, I decided not to sell it. I don't plan to live in UAE in the extremely long term, so I can accept a few years of high taxation. Anyway, moving here, I also started a pretty big ETF portfolio, mostly growth, so that in such case, I take advantage of the 0% tax environment 😊 Wow.. pretty long reply 🤣
Hello. The connection between bank account and @SarwaCo is done by a third party company called Lean Technology. Unfortunately, it seems that the connection with LIV is "temporary unavailable". I hope they will fix it soon. I poked them on twitter 😜
Hello. Yes Sarwa, like all other brokers app, will give you dividends if your stocks distribute dividends. Regarding the amount of stocks/etfs they advertise over 4,000 of them. Basically any major stock from SP500, NASDAQ100 and DOW is there. You will probably miss some penny stocks, but apart from that the offer is quite complete 👍
Hello, thanks! Unfortunately NO 😔 , only market orders, that is a bit strange. As I explained, Sarwa uses Alpaca trading APIs, which totally supports Limit order. So, for example, with GoTrade (one of the other brokers I reviewed, which uses Alpaca), you can insert Limit Orders. I don't know why this choice from Sarwa.. I think they wanted to make the app the easiest as possible cause they promote the idea of a service that is very entry-level and user-friendly.
Nice video 👏🏼.. i live in UAE as well and would like to start investing in ETF. Can you let us know what would be the process of withdrawing the investment ? And should it be with the same brokerage I bought it from ? Also what about the dividend and tax deductions since these ETF based in US ? Is the yield dividend will be fully transfer to the investor wallet after deducting the Tax ? Thanks
Thank you, about your questions: when you buy ETFs or stocks in Sarwa (like in any other broker), if you want to cash out you sell it, and money will be in the Sarwa account. So yes, you will withdraw from Sarwa. Dividends from ETFs based in US are taxed 30% if you are tax resident in the UAE, and the broker does everything, so that you receive net amount in your account. Pay anyway attention that many ETFs do not distribute the dividends cash, but they instead keep inside the ETF itself, so that it increase value. You can find such info in ETFs information data online..
@@expat.investor Thank you. So if i buy 1 ETF S&P 500 say with a price of 3K $ and i will sell it after a year when the price moves up to 4K $. At that moment my profit is 1K $ . When I withdraw it from my broker they will pay out 3K$+ 700$ after the 30% deductions = 3700 $ . Is this math correct ?
Nope.. you are mixing dividends and capital gains... 🔸Capital Gain Buy one ETF for $3K and sell for $4K means $1K Profit. When you withdraw money you get $4K. This cause capital gains are subject to income tax, which is 0% in UAE. On the $1K profit you don't pay taxes 🔸Dividend You but an ETF for $3K and you receive let's say 5% in dividends, meaning $150. On these $150 you pay the 30% WHT, which is $45, so you get in your account only $105. If you decide to withdraw this $105 you receive in bank $105 cause the taxes was already paid. Dividends are taxed at 30% Hope it's clear.... i know, I have to do a video about Taxation 😂
By interactive broker, I mean exactly www.interactivebrokers.com/. That's one of the most complete and professional stock brokers out there. Of course, you can also go with eToro, but I'm not fond of it much if you want my opinion. The goal of my message is that Sarwa Trade is a very good entry-level/beginner broker; easy to use from your phone and with very basic functionality. But if you want to aim for something more professional, move a step up...
I don’t know what you mean with the question, but anyway no any investment has a “sure” profit amount. We can speculate and see previous performances, but nothing is guaranteed
It’s up to you… you can do some trade and remove money after 15days but honestly like that you will not achieve much. I am for long term investment; meaning 10/15 years, but of course it’s up to you 👍
Let me know if you have some other app you want me to test it. And I you have other questions about Sarwa, just let me know here in the comments 😎
Hi, you mentioned Interactive Brokers! Kindly do a video about it🙏🏻
my video on IBKR will be out soon ☺
Grow app
Amana app please!
Thanks for continues updates! am super excited about how my investments is going so far, making over $13k every week is an amazing gain🤗
😢😢😢Wow I'm so surprised you mentioned JuliaOswin! When I started the crypto process with her knowledge in 2021, I never know it could challengingly turning me to millionaire
Big fan of the Sarwa platform!
Subscribed. I will be following you from now on. Today is my first day in trading journey. Thank you for this video
Wow. Thank you. I wish you all the best!
Hi sir im new to sarwa. i deposited 1000$ to invest in an account after i requested a transfer trade account. Now my balance shows 0$ what i should i do. Till now my money also not received
Once again great video review Luka, sure this app/“broker” isn’t really the actual broker and the app doesn’t provide lots of info on the selected stock/etf but let’s be honest what broker app gives ample info if u were truly research about that stock, 2 and even 3 websites will barely be enough to gather info such as fundamental info ex dividend date etc… what matters to me as an investor is that I pay NOTHING to trade and especially NO WITHDRAWAL FEES *cough*Baraka*cough*
Finally I’d like to say is that sarwa invest is a really good starter for people who don’t have a single clue about the stock market but still would like to enter in safely (at least that’s in my personal experience).
I agree with your points. Sarwa is a good broker to start, and the absence of a withdrawal fee is important. However, I say in my review about the lack of info not to overly criticize the app, but more to tell people that for investing and doing stock picking, the app is not enough.
Anyway, I think the missing expense ratio in ETFs is something they have to solve. That info is important.
Thanks for the comment 👍
Thank you for your review. It was very helpful. I am will moving to Dubai from Rome in the next 2 months and wanted to start investing.
Sarwa and Baraka looks good to start with.
What is your take on AIX investements? secure SPV or the group in general?
Thank you
Hello.
I have no direct knowledge of AIX company, but they are basically and investment advisor which is not my first option when it comes to to invest money.
If you want to invest in Dubai properties with an SPV you can check getstake.com or smartcrowd.ae that offer an interesting similar service I believe.
But I don’t have direct experience in that too
Ho capito, grazie. Anyhow now that i have found you, I have subscribed to your channel to learn more Thank you@@expat.investor
I have been a sarwa investor for almost six months. I contacted them last day to add a nominee but they are charging a fee for that. Is this normal?
And if the cash we deposit is in their account, if something happens to this app tomorrow, won't we lose all our cash?
My plan was to invest for a very long time, how safe is it?
Same questions .how much commission do they charge for buying us stocks?
I am an Indian watching your video. Its very clear and easy to understand.
Thanks. Really appreciate ☺️
New subscriber here!🙋🏽♀️😄 great content!👍🏽
Thanks 😀
How to reach u ,am in UAE , thanks
write me an email stock.owl@yandex.com 👍
@@expat.investor thanks
Sir, We can't put stop loss and target in swing trading?.
Hey bro, i love the vid. I planning to enter DFM, just wanted know can we get dividends without any taxes being charged?
hello. i have quetsion if i putted some moeny there, and got some profit how i get them on my mastar card? or somthing eles? i live in iraq
You can just make a withdrawal to your bank account. But I don’t know commissions for Iraq transfers…
I'm currently in Saudi Arabia, can I use stc pay for my deposit and withdrawal?
yeah i don't see why not. Until you can make international transfers to the UAE... I don't have StcPay but it seems you can do such transfer so I don't see issue on that 👍
Hi I’m new here, love your channel great videos! keep it up
I have a question. Between Sarwa and Baraka or any other platform such as IBKR Lite, does any of these platform charge for overnight hold fees?
Or in other terms which platforms are made for long term and which are more like day trading?
Hi, thanks for watching my video - I really appreciated it.
None of them charge an overnight fee.
The overnight fee is charged only from a platform that offers leverage (because they basically lend you money to invest), and both Sarwa / Baraka doesn't do that. You can have a margin account in IBKR Pro (the Lite version is available only for US investors), so in such a case, if you use margin, they will charge you daily interest. Also, you can't do day trading with Sarwa or Baraka cause they block you from executing continuous buy/sell in short terms.
If you are planning to be a long term investor, all the apps I reviewed are 100% ok 👍
Just stay away from CFD and Margin Account, and you will be fine.
@@expat.investor thank you very much!
I’m new to stock investing still trying to learn the concept and basics and your videos really helps a lot especially because its for the middle east and no other channel do the amount of effort and quality such as yours. I really appreciate it and your replies too.
Looking forward for more of this beautiful and informative content!
Choosing now between starting with Sarwa or IBKR…
Really two different options. Good luck with your investment journey 👍👍👍
What did you choose?
@@taimurahmad91 Sarwa for now. Tried 2 different strategies
Hi dear, can u make a video , how to analyze the stock market before invest for beginners..Which website or app we can see these things..
hello, yeah I will try to do it. Thanks for commenting
hello,
great job,
what is the broker you recommend to use from in UAE to invest in ETF? looking for less commotion with good services
For me is or Sarwa or Baraka. Both great choices. At the moment, Baraka gives a nice cash back so maybe I will prefer it 👍
Hi mate nice video! It’s worth investing from UAE in etfs that give dividends if the U.S. tax it’s 30 percent on them ? Or rather just invest in UCITS etf in Europe that are accumulated like VWCE?cheers
Hello. In principle, UCITS ETFs are tax efficient for expats because you can cut down WHTax from 30% to 15%, but it is also hard to find a broker that lets you trade them if you are not in Europe.
For example, all UAE brokers like Baraka, Sarwa, and Raseed don't have UCITS ETFs.
The only non-professional broker I know that lets you trade UCITS is Trading 212.
If you use IBKR or Saxo, you can turn on the EU market and buy there.
Sometimes also, the expense ratio of UCITS is higher, and $VWCE, for example, is listed in EUR, so it requires you to money conversion and exposure to forex...
I personally own only 1 UCITS ETF: $RBOT but the dividend is basically zero 😝
@@expat.investor I see, so from uae if we don’t have the gains tax, we should focus on growth etf rather than dividend ones right ? What’s the best etf for that of us market ? VTI, VOO? I would love SCHD for income but not with 30 percent o dividends… how you cope with this tax? Tnx
@@phanthomel, of course, if you are in a country like UAE with 0% Income tax, the best choice is to invest in growth (S&P500 / NASDAQ100 as an example) or to invest in bonds if you want income (also 0% taxed)
Dividends are penalized.
I did this video about ETFs if you interested
czcams.com/video/ATQTOAKt4WM/video.html
Anyway, keep in mind this:
Investing in SCHD gives you a 3.30% dividend yield right now. On the other side, VOO is around 1.66% while QQQ (nasdaq100) is 0.80%
So, of course, you will say goodbye to cash flow, but you will have a better performance for your money in the long run.
I personally started my dividend portfolio many years ago, and I was not in the UAE, so I had 15% WHT on my dividends. When I moved here, I decided not to sell it. I don't plan to live in UAE in the extremely long term, so I can accept a few years of high taxation.
Anyway, moving here, I also started a pretty big ETF portfolio, mostly growth, so that in such case, I take advantage of the 0% tax environment 😊
Wow.. pretty long reply 🤣
Great review! Thank you!
Glad it was helpful!
Very useful review. Thanks for sharing.
🙏🙏🙏
Hi , I’m using NBD liv account, how do I link it to Sarwa? Cos I’ve been trying it but it says not matching
Hello. The connection between bank account and @SarwaCo is done by a third party company called Lean Technology.
Unfortunately, it seems that the connection with LIV is "temporary unavailable". I hope they will fix it soon. I poked them on twitter 😜
@@expat.investor thanks 🙏🏾
Clear and simple explanation.good job
Thanks 🙏
They say its commission free yet theres a 1 dollar fee on EVERY TRADE, utter scammers
This video is a bit old, maybe they changed their commission policy… unfortunately I didn’t make yet an update video 😞
does it offer popular US ETFs like SCHD, VOO?
Yeah sure, all mainstream stocks and ETFs are there
Is there any options for digital currency such as bitcoin for deposit and withdrawal
No. They don’t support any crypto for deposit/withdrawal. I actually never heard of a broker supporting that in UAE
Nice review thanks for your effort
Thanks for your message 😊
VERY GOOD FOR BEGINER LIKE ME
Thanks! Check out also other brokers 👍
Do sarwa give dividends? And how many us stocks are in sarwa?
Hello. Yes Sarwa, like all other brokers app, will give you dividends if your stocks distribute dividends.
Regarding the amount of stocks/etfs they advertise over 4,000 of them. Basically any major stock from SP500, NASDAQ100 and DOW is there. You will probably miss some penny stocks, but apart from that the offer is quite complete 👍
Yes, all registered in Nasdaq and NYSE
hi can u make a vide on how to deposit from KSA
I can’t cause I am not in KSA 😄 sorry
Can you use all the indicators and charts in the SARWA for Intraday trading?
I believe Sarwa is not at all the best broker for intraday trading…
Great detailed review! Quick question, can we make Limit Buy and Sell orders using this app?
Hello, thanks! Unfortunately NO 😔 , only market orders, that is a bit strange. As I explained, Sarwa uses Alpaca trading APIs, which totally supports Limit order. So, for example, with GoTrade (one of the other brokers I reviewed, which uses Alpaca), you can insert Limit Orders.
I don't know why this choice from Sarwa.. I think they wanted to make the app the easiest as possible cause they promote the idea of a service that is very entry-level and user-friendly.
@@expat.investor thanks for the quick response!
Hey guys, they should be adding it soon. Heard this feature is in the testing phase. Have been with sarwa for over a year.
great news, thank you Suraj
Gents, It has been released yesterday. Take a look.
Nice video 👏🏼.. i live in UAE as well and would like to start investing in ETF. Can you let us know what would be the process of withdrawing the investment ? And should it be with the same brokerage I bought it from ? Also what about the dividend and tax deductions since these ETF based in US ? Is the yield dividend will be fully transfer to the investor wallet after deducting the Tax ? Thanks
Thank you,
about your questions: when you buy ETFs or stocks in Sarwa (like in any other broker), if you want to cash out you sell it, and money will be in the Sarwa account. So yes, you will withdraw from Sarwa.
Dividends from ETFs based in US are taxed 30% if you are tax resident in the UAE, and the broker does everything, so that you receive net amount in your account. Pay anyway attention that many ETFs do not distribute the dividends cash, but they instead keep inside the ETF itself, so that it increase value. You can find such info in ETFs information data online..
@@expat.investor
Thank you.
So if i buy 1 ETF S&P 500 say with a price of 3K $ and i will sell it after a year when the price moves up to 4K $.
At that moment my profit is 1K $ . When I withdraw it from my broker they will pay out 3K$+ 700$ after the 30% deductions = 3700 $ . Is this math correct ?
Nope..
you are mixing dividends and capital gains...
🔸Capital Gain
Buy one ETF for $3K and sell for $4K means $1K Profit. When you withdraw money you get $4K. This cause capital gains are subject to income tax, which is 0% in UAE. On the $1K profit you don't pay taxes
🔸Dividend
You but an ETF for $3K and you receive let's say 5% in dividends, meaning $150. On these $150 you pay the 30% WHT, which is $45, so you get in your account only $105. If you decide to withdraw this $105 you receive in bank $105 cause the taxes was already paid.
Dividends are taxed at 30%
Hope it's clear.... i know, I have to do a video about Taxation 😂
Hiiii...
Do we have to sell the stocks on the same day of buying...?
Of course not)
I personally believe in long-term investment, which means finding good companies and keeping the stocks for many years 👍
how is the AED to $$ conversion rate? is it acceptable or bad?
Rate is 3.6823 - quite good 😊
20:11 when you say to step mor forward and open an interactive broker you mean we can open acount like etoro and other investing app???
By interactive broker, I mean exactly www.interactivebrokers.com/. That's one of the most complete and professional stock brokers out there. Of course, you can also go with eToro, but I'm not fond of it much if you want my opinion.
The goal of my message is that Sarwa Trade is a very good entry-level/beginner broker; easy to use from your phone and with very basic functionality. But if you want to aim for something more professional, move a step up...
@@expat.investor thanks
How to know the profit is so much??
I don’t know what you mean with the question, but anyway no any investment has a “sure” profit amount. We can speculate and see previous performances, but nothing is guaranteed
@@expat.investor i mean How long after depositing the money should be withdrawn?
It’s up to you… you can do some trade and remove money after 15days but honestly like that you will not achieve much. I am for long term investment; meaning 10/15 years, but of course it’s up to you 👍
Hi how about does it serve in
saudi arabia?
Yes sure. Sarwa works in KSA 👍
@@expat.investor thanks 😊
what's your referral code ?
sorry, I missed this comment 🥲
Code: PETT8179
Thanks bro
🙏🙏🙏
how to buy UAE stock YOU NOT Mention
You can’t buy UAE stocks on Sarwa 🤷♂️
Hi
👋
That want good
I like this business pls help me too
help with what exactly?
I subs to you
Thanks 😊
I'm currently in Saudi Arabia, can I use stc pay for my deposit and withdrawal?
Better that you ask sarwa customer service