Sander FX -Some important Details about This Broker

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

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.

Pros and Cons

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.

What Can I Trade on Sander FX?

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.

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.