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Score

1.44 /10
Danger

Sandai

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://sandai-fx.com

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Score

Regulatory Index0.00

Business Index6.48

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away!
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Sandai · Company summary
Sandai Review Summary
Founded2020
Registered Country/RegionSaint Vincent and the Grenadines
RegulationUnregulated
Market InstrumentsForex, Indices, Commodities, Shares, Cryptocurrencies, and other CFDs
Demo Account✅
Leverage1:500
EUR/USD SpreadFrom 0.4 pips (Standard account)
Trading PlatformMT4
Min Deposit$100
Customer SupportEmail: info@sandai-fx.com
Regional restrictionJapan

Founded in 2020, Sandai is an unregulated brokerage registered in Saint Vincent and the Grenadines that offers trading in Forex, Indices, Commodities, Shares, Cryptocurrencies, and other CFDs with leverage up to 1:500 and spread from 0.4 pips on the Standard account. Demo accounts are available and the minimum deposit requirement to open a live account is $100.

Sandai

Pros and Cons

Pros Cons
Diverse tradable assetsNo regulation
Multiple account typesRegional restrictions
Demo accountsOnly email support
MT4 trading platform
Popular payment options

Is Sandai Legit?

No, Sandai holds no legal license. This means that the broker is not subject to regulatory standards. Therefore, it is generally recommended to choose regulated brokers that adhere to strict regulatory guidelines to ensure the safety of funds.

What Can I Trade on Sandai?

Sandai offers a variety of trading instruments for its clients. These instruments include:

Forex: EUR/USD, GBP/JPY, AUD/CAD...

CFDs: CFDs are available on indices, commodities, shares, and cryptocurrencies.

Indices: S&P 500, FTSE 100, DAX 30, Nikkei 225...

Commodities: gold, silver, crude oil, natural gas...

Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple...

Tradable Instruments Supported
Forex ✔
CFDs✔
Commodities✔
Indices✔
Cryptocurrencies✔
Stocks❌
Bonds❌
Options❌
ETFs❌

Account Type

Oron Limited offers three types of real accounts: a Standard Account, a PRO Account, and a VIP Account. The Standard Account has a minimum deposit requirement of $100. The PRO Account necessitates a deposit of $5,000, while the VIP Account has an even higher deposit threshold, set at $20,000.

Account TypeMin Deposit
Standard$100
PRO$500
VIP$20,000

Leverage

The trading leverage offered by Sandai is up to 1:500 for forex pairs and up to 1:100 for other trading assets, including indices, commodities, shares, and cryptocurrencies. Both leverage ratios are very high, implying significant risks, especially since the company is not regulated.

Asset ClassMax Leverage
Forex pairs1:500
Indices1:100
Commodities
Shares
Cryptocurrencies

Spread

Account TypeSpread
StandardFrom 0.4 pips
PROFrom 0.2 pips
VIPFrom 0.1 pips

Trading Platform

Sandai offers MetaTrader 4, a professional trading platform equipped with advanced charting tools and order execution options. This platform is accessible via web-based interfaces and mobile devices. However, given that Sandai operates without regulation, we strongly advise you to opt for a legal and regulated broker to ensure the safety of your transactions.

Trading PlatformSupported Available Devices Suitable for
MT4✔Web and MobileBeginners
MT5❌/Experienced traders
MT4

Deposit and Withdrawal

Sandai accepts deposits via bank wire transfers, credit/debit cards, and e-wallets like Neteller and Skrill.

User Reviews

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Comments

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solop
more than one year
I'm always looking for platforms that can handle my high-volume trades without lag, and Sandai FX fits the bill. Their MT4 and MT5 platforms are robust, and I particularly appreciate the tight spreads on the ECN account which really help in keeping my trading costs down.
I'm always looking for platforms that can handle my high-volume trades without lag, and Sandai FX fits the bill. Their MT4 and MT5 platforms are robust, and I particularly appreciate the tight spreads on the ECN account which really help in keeping my trading costs down.
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2024-06-18 10:27
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ED Wood
more than one year
Their website is extremely basic, and it's unclear what products and services they offer. On top of that, their customer service is almost impossible to reach. I don't understand what the point of this trading platform is if they can't provide basic information or support. Honestly, I regret even considering Sandai as an option for my trades.
Their website is extremely basic, and it's unclear what products and services they offer. On top of that, their customer service is almost impossible to reach. I don't understand what the point of this trading platform is if they can't provide basic information or support. Honestly, I regret even considering Sandai as an option for my trades.
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2023-03-29 10:31
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