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Score

1.41 /10
Danger

Sander FX

Saint Lucia

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.sanderfx.com

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Score

Regulatory Index0.00

Business Index6.20

Risk Management Index0.00

Software Index4.00

License Index0.00

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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

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Warning: Low score, please stay away!
Previous Detection : 2024-12-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Sander FX · Company summary

Note: Sander FX's official website: https://www.sanderfx.com/ is currently inaccessible normally.

Sander FXReview Summary
Founded2017
Registered Country/RegionSaint Lucia
RegulationNot regulated
Market InstrumentsForex, Stocks, Shares and Commodities
Demo Account/
Leverage/
Spread/
Trading PlatformWebtrader
Min Deposit$1 000
Customer SupportTel: +1 9163042667
Address: C/O LC02 503, Choc Bay, Castries, Saint Lucia

Incorporated in 2017, Sander FX is forex broker registered in Saint Lucia, operated by a company called Sander FX LTD, which has registration in Saint Vincent and the Grenadines and Saint Lucia.

Sander FX is not authorized or regulated by any regulatory authorities to conduct forex and CFD-related financial services.

homepage

Pros and Cons

Pros Cons
NoneInaccessible website
No regulation
Limited info on trading conditions
High minimum deposit
No MT4 or MT5 trading platform

Is Sander FX Legit?

No, Sander FX operates without regulation. The UKs Financial Conduct Authority (FCA) also issues warnings on this broker. It is not supervised by any financial authorities. Traders should be cautious when choosing brokers.

no regulation

What Can I Trade on Sander FX?

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

Account

The minimum deposit to open a live account is at least $1,000, which is absurdly high. Many legit forex brokers only ask for a low initial deposit of $100 or even less.

Requiring a high initial deposit is just like extracting investors' available funds at the very beginning and then running away.

Trading Platform

Sander FX says it offers a web application for any devices. After registering an account, we only get access to a poor limitation of a trading platform. The Client portal has a simple chart with the price of Bitcoin.

Trading PlatformSupported Available Devices Suitable for
Webtrader✔Web/
MT4❌/Beginners
MT5❌/Experienced traders

Deposit and Withdrawal

Sander FX claims it has over 50 payment methods. It can deposit through several cryptocurrencies, cards likeVisa and MasterCardand the e-wallets PayPal, Skrill,and PerfectMoney. However, the e-wallet will not be available if it is selected.

Please note that scammers typically prefer to use cryptocurrencies exclusively, because these transactions are difficult to trace and do not follow for refunds.

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感情路难走
more than one year
Bad customer support service, I had a problem with the withdrawal, they don't answer phones. I can’t assess their website and platform. Disgusting broker!!
Bad customer support service, I had a problem with the withdrawal, they don't answer phones. I can’t assess their website and platform. Disgusting broker!!
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2022-12-10 22:39
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FX1110948055
more than one year
Just traded with this broker for two weeks, then I suddenly cannot log into my personal account, as well as its official website, inaccessible… guys, have you encountered the same situations? We were scammed?
Just traded with this broker for two weeks, then I suddenly cannot log into my personal account, as well as its official website, inaccessible… guys, have you encountered the same situations? We were scammed?
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2022-12-06 13:51
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