Is SDFX Global Scam or Legit?

SDFX Global is an unregulated brokerage firm based in India that offers forex trading services to its clients. As it operates in a country with no specific regulations for forex brokers, SDFX Global lacks oversight from regulatory authorities.

Market Instruments

SDFX Global provides its clients with access to various market instruments for forex trading. These instruments typically include major currency pairs, minor currency pairs, and potentially some exotic currency pairs. However, the specific details regarding the range of market instruments offered by SDFX Global are not available.

Deposits & Withdrawals

SDFX Global accepts deposits and withdrawals exclusively throughbank transfers. The exact details and procedures for depositing and withdrawing funds from SDFX Global are not provided, so it is advisable to contact their customer service for more specific information.

Customer Service

SDFX Global offers 24/7 customer support through multiple channels, including online messaging, email (info@sdfxglobal.com), telephone (+91 7601-821-012 / 7908-358-517 / 8927-834-513), WhatsApp (+91 7601-821-012), and various social mediaplatforms such as Facebook, Twitter, Linkedin, Instagram, and YouTube. Clients can reach out to SDFX Global through these channels to seek assistance or address any concerns they may have.

Pros & Cons

Pro

• Multiple contact ways

Cons

• Lack of regulation

• Lack of transparency

• Lack of live chat service

• Limited trading asset classes

• Limited industry experience

Review

When we searched for this broker on Wikifx. We found it is a non-regulated broker with a very low score of 1.08 out of 10. Even Wikifx issued a warning and asked to stay away from SDFX Global.

We searched Reviews of people on the internet and discovered they were not happy with sdfx global's service. Here are the screenshots of those reviews.

Is it safe？

Based on the information provided, the lack of valid regulation for SDFX Global raises concerns about its safety and legitimacy. Operating as an unregulated brokerage firm in a country with no specific regulations for forex brokers can increase the risk of potential scams or fraudulent practices. Therefore, it is important for traders to exercise caution when considering SDFX Global as their broker. It is advisable to opt for regulated brokers that provide stronger regulatory oversight and consumer protection measures.

Conclusion

SDFX Global is an unregulated brokerage firm based in India, offering forex trading services without any specific regulatory oversight. It provides access to market instruments for forex trading, accepts deposits and withdrawals exclusively through bank transfers, and offers customer service through various communication channels. However, the lack of regulation and the lack of transparency raise concerns about the safety and reliability of the company. Traders should carefully evaluate the associated risks before considering SDFX Global as their broker.