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The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.
License Type:Appointed Representative(AR)
Regulated in Country/AreaAustralia
Regulatory License No.：001292352
Email Address of Licensed Institution :Andrew@augurcapital.com.au
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :256A Rundle St Adelaide SA 5000
Phone Number of Licensed Institution :08 7160 1176
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General Information & Regulation
SANDWIND GLOBAL PTY LTD (SANDWIND) is an online trading platform, registered in Australia, and holds an Appointed Representative (AR) license from ASIC in Australia, with regulatory license number: 001292352.
SANDWIND offers its traders four classes of trading assets, including cyrrency pairs, precious metals, indices, as well as commodities. Some popular instruments like stocks and cryptocurrencies are not available.
SANDWIND does not indicate its minimum initial deposit on its website. in most cases, most brokers would requires an account opening amount around $100 or even less.
The maximum trading leverage offered by SANDWIND is up to 1:500. While this may actually be a negative for newcomers to the world of trading, some experienced traders like having the ability to use high leverage ratios. Keep in mind such high leverage levels can also lead to serious losses, should the market move against you.
Spreads & Commissions
SANDWIND advertises that it offers super low spreads, but does not specify detailed information on particular instruments.
SANDWIND offers its services on the latest trading software provided by fin-tech MetaQuotes – MetaTrader 5, simply known as MT5 (available for Windows, IOS and Android). The successor of the industry leading MetaTrader 4 features most of the well-familiar and loved tools and functionalities of the MT4, and most notably – its advanced charting, plus the option to trade in futures, options and shares, in addition to CFDs and forex.
No Demo Accounts
When we opted for a demo account with SANDWIND , we weren‘t allowed access, as the broker’s services are not available in our country, or it actually does not provide free demo accounts.
When it comes to payment methods available, SANDWIND supports traders to fund their accounts via Credit/Debit Card (Visa, Mastercard,Maestro), Wire transfer, Skrill, VPay.
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.