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Sander FX

Item: Sander FX
Rating: 1.40

Saint Lucia|2-5 years|

Suspicious Scope of Business|High potential risk|

https://www.sanderfx.com/

Website

Open Account Time Machine

Rating Index

Contact

+1 9163042667

https://www.sanderfx.com/

C/O LC02 503, Choc Bay, Castries, Saint Lucia

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No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away!

Previous Detection : 2024-11-23

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Sander FX · WikiFX Survey

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Sander FX · Company Summary

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

Sander FXReview Summary
Founded	2017
Registered Country/Region	Saint Lucia
Regulation	Not regulated
Market Instruments	Forex, Stocks, Shares and Commodities
Demo Account	/
Leverage	/
Spread	/
Trading Platform	Webtrader
Min Deposit	$1 000
Customer Support	Tel: +1 9163042667
Customer Support	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.

Pros and Cons

Pros	Cons
None	Inaccessible 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.

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 Platform	Supported	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.