SanderFX Broker Review – Watch Out For This Unregulated Forex Broker

As of May 2023, SanderFX.com has ceased operations. But you can read the article to avoid falling for similar scammers.

Is SanderFX regulated? Why is it important?

SanderFX, a Sander FX (SV), Ltd brand from Saint Vincent and the Grenadines, is the first. According to the company, there is another brand offshore in Santa Lucia. The disclaimer also states that SanderFX regulation is from FMRRC.

What’s wrong with a trading license?

Although offshore countries do not provide regulatory oversight, SanderFX Forex broker was allegedly granted the most valuable license – with FMRRC. It is a non-commercial organisation that claimed to be responsible for regulating financial institutions.

You can’t trust this organization to reimburse you as it isn’t controlled by anyone and doesn’t belong any government. Gembell Limited is a name used by scam companies to obtain licenses. This license can be used as a shell entity for frauds, such as Pocket Options.

Not licensed despite the Claims

We also found no information about SanderFX and its owner after checking the FMRRC Register. This means that even this unreliable license could be fake. Although the Terms and Conditions indicate that SanderFX has a CFFS licence from Luxembourg, it is not necessary to explain why – it is phony too. It’s your signal to avoid the SanderFX trading scam.

Warnings Against SanderFX Fraud

The fake regulators were exposing the scheme, while the company was dealing with them. Official warning issued by the UK FCA against SanderFX broker.

Official Warning from FCA – Evidence Of Fraud

It is not an FCA-authorized firm but targets UK clients, according to the FCA. After many SanderFX complaints, this warning was republished in CONSOB Italy and Belgian FSMA.

SanderFX Trade Reviews – What Traders Have to Say

SanderFX reviews will show that the firm is often referred to as a fake broker. They are trying to deceive clients by trying to sell an NFT that is not yet available. Once you have entered the platform, all assets will only be available as binary options. You can’t take your money with you once you are in.

What trading platforms are available? Trading Software

There is a lot of confusion about the SanderFX trading platform. According to the broker, the web application is available for all devices, even mobile phones. You’ll be disappointed to see that SanderFX Demo accounts only offer a WebTrader and one chart for BTC.

All other assets can be traded as binary options. This was banned in the UK and EU in 2018. Another reason to avoid the SanderFX scam.

Withdrawal and Deposit Methods

Although they claim to accept more than 50 deposit methods, the truth is quite different. SanderFX requires a minimum deposit of $1,000. You can make this payment via:

• Visa/MasterCard
• Coinbase
• WebMoney
• Jeton
• Perfect Money
• 14 Cryptocurrencies , including BTC and Ethereum
• Advcash

If you want to choose a method other than crypto, you’ll be told that this option is currently disabled. This will leave you with only crypto deposits. You won’t see any fees or withdrawals because this is an illegal firm.

SanderFX: Avoid this Trading Scam at all Costs

SanderFX does not operate as a broker, so you should not invest there.

If you have fallen for the scam, please let us know. SanderFX was a poor Forex and CFD trading platform. We know that the company has fabricated reasons to not allow you to withdraw your profits.

Reviews indicate that once you accept the SanderFX Bonus, you’ll need to repay it 30x or invest more money. However, withdrawal requests will not be processed even after this.

Avoid this scammer and contact us to request a refund.

What is a chargeback?

Chargebacks are a way for your bank to reclaim funds from the merchant. We recommend that you contact us immediately to initiate the process. In a free consultation, we will discuss how to get your money back immediately!

SanderFX: Video

Below you will find a short video about SanderFX. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about FSanderFX!