Since Sander FX‘s official website (https://www.sanderfx.com/) cannot be opened for now, we could only piece together this broker’s rough picture by gathering information from other websites.
General Information
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.
Minimum Deposit
The minimum deposit to start with this broker is $1,000, which is absurdly high. Many legit forex broker only asks 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 first and then ran 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. Nowhere on the SanderFXs website are binary options mentioned.
Payment Methods
Sander FX advertises that traders can use over 50 payment methods to make a deposit and withdrawal, including PayPal, Skrill, Perfect Money, Cryptocurrency.
Please note that scammers typically prefer to use cryptocurrencies exclusively, for these transactions are difficult to trace and do not follow for refunds.
Customer Support
Sander FX only gives a telephone number for clients to get in touch with it. Here is the contact detail:
Telephone: +19163042667
Risk Warning
Forex and CFD are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when forex and CFD trading with this provider. You should consider whether you can afford to take the high risk of losing your money.
Please note that the information presented in this article is intended solely for reference.
