Sandai FX

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.

Pros and Cons

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...

Account Type

Sandai 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.

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.

Spread

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.

Deposit and Withdrawal

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