Sandton FX review
About the company:
Sandton FX was based in Saint Vincent and licensed by the Financial Services Authority (IBC #21786). It is a global broker specializing in trading financial instruments in the forex market and CFDS for various commodities and indexes. It offers 63 currency pairs, metals, oil, and indexes for trading on one real account. A demo account is also available.
Security of funds
The company's website does not contain any information about regulatory authorities. Sandton FX is only licensed by the Financial Services Authority. What is more, SVG is an offshore zone where forex and binary options brokers are not regulated and supervised.
Minimum initial deposit
Sandton FX requires $100 as the minimum initial deposit for opening an account. This is the average amount for the forex market.
Commissions and spreads
There is no information about the real account trading conditions on the company's website. When you click the tab responsible for registering a new account, the error page pops up.
The maximum leverage provided by OD Markets is 1:400.
Sandton FX offers its customers the standard MetaTrader4 platform as well as its mobile version. MT4 provides plenty of tools and functions which are necessary for a trader: a number of technical indicators, an extended charting package, and a wide range of expert advisors (EAs).
The broker provides the clients with a welcome bonus. The amount of the bonus depends on the deposit amount. The maximum bonus size is $500.
Besides, the broker offers to pay 4% per annum at the end of each quarter if the balance of the client's trading account is maintained at the level of at least $10,000.
Sandton FX customers are offered the following payment methods: PayPal and credit cards. The broker assures that the process of withdrawing funds from the account is easy and fast. Withdrawal requests received before 14:00 will be processed on the same day. All other requests will be processed within 24 hours.
There is no feedback about this broker on the Internet. Moreover, the company's website doesn’t work properly and has issues with request opening.
We failed to learn any information about this broker on its website as well as information about trading. The biggest disadvantage is that it is impossible to open a trading account. This broker is quite useless. Only a desperate and adventurous trader will dare start trading with such a broker.
Sandton FX 0/10 (votes 2238)