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No Regulation
Score
1.51 /10
Danger
Sanlam
5-10 yearsSuspicious Regulatory License
High potential risk
Influence
B
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.02
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
2
Previous Detection :
2024-11-09
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
Data Source 
WikiFX Data provide
WikiFX Data provideUpdated: 2024-11-09
| SanlamReview Summary | |
| Founded | 1998 |
| Registered Country/Region | South Africa |
| Regulation | Not regulated |
| Products & Services | Investment Management, Fiduciary and Tax, Equity-Backed Finance and Stockbroking and Derivatives |
| Trading Platform | Online trading |
| Min Deposit | R5000 |
| Customer Support | Phone: +27 011 778 6600 |
| Address: 4th Floor, 11 Alice Lane, Sandton, Johannesburg, 2196 | |
| Social media: Linkedin and Instagram | |
Sanlam was founded by Sanlam Life Insurance Limited in 1998 in South Africa. It offers various services, such as Investment Management, Fiduciary and Tax, Equity-Backed Finance and Stockbroking and Derivatives.
Pros and Cons
| Pros | Cons |
| Various financial services | Not regulated |
| Lack of transparency | |
| High minimum deposit |
Is Sanlam Legit?
Sanlam is not regulated by any financial authorities. And it doesn't need to obey the rules of any regulations. Traders should be careful of funds risks.
Products and Services
| Products & Services | Supported |
| Investment Management | ✔ |
| Fiduciary and Tax | ✔ |
| Equity-Backed Finance | ✔ |
| Stockbroking and Derivatives | ✔ |
Account Type
Sanlam offers accounts for local and global trading.
For individuals, seeking to engage in local trading on the Johannesburg Stock Exchange (JSE), a minimum deposit of R5000 is required.
While the minimum deposit of R200000 is required to open a global trading account.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Online trading | ✔ | Desktop, mobile | Experienced traders |
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