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Sandton FX review

Sandton FX


On-line since: 2014
Country of origin: Saint Vincent and Grenadines (SVG)
Regulation: Financial Services Authority
Payment options: PayPal, credit cards
Minimum account size: $100
Minimum lot size: 0.1
Leverage: 1:400
Spreads: -

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.

Trading conditions

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.

Leverage

The maximum leverage provided by OD Markets is 1:400.

Trading platform

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).

Bonuses

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.

Payment options

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.

Feedback

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.

Advantages:

  • MT4 trading platform.

Disadvantages:

  • lack of regulatory authorities;
  • non-functioning website;
  • impossible to open trading account;
  • no information about trading conditions.

Sandton FX 0/10 (votes 2238)
Author of Sandton FX: YANIS | Date 2021-04-29
Trading is awful on the XOH Trader Desktop platform. I have an account with Sandton FX. always I get high spread and delay execution, As my position getting slippages and I can't be monitoring my running order due to the frozen platform. So it is difficult to trade on this platform as my demand. I say Sandton FX should be improved its platform.
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Author of Sandton FX: Keils | Date 2021-03-02
As a normal trader I prefer to use SL and TP for order execution and amazingly no delay and order are well-executed smoothly. Don’t have to worry about spread since Sandton fx always offered fixed spread. Trading in forex in 5 years, and I consider that Sandton fx is the best broker among brokers I have ever traded. There are no requotes and slippage and the customer support is very helpful and friendly. The broker is very honest, without any hidden commissions, and the support team is polite and helpful.
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Author of Sandton FX: Fogus | Date 2021-02-19
Sandton FX was only mentioned in a forum that I often visit. I checked out their website and I must admit that I was impressed with how professional-looking they are. Two weeks ago, I started an account with them and things are going well so far.
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