SanderFX Broker Review

SanderFX Broker Review – SanderFX.com Was Blacklisted by the FCA

The SanderFX broker seems to want to proceed with crypto development in a scheme-like manner. Due to its status as an offshore broker, it is not required to follow any regulatory rules or disclose accurate information. It has been taking advantage of this to the fullest extent possible.  

Find out why you should stay away from this fraudulent company by reading our honest SanderFX review. Also, we invite you to read our recently updated scam broker reviews for Investing Expert, Ethliquidmining8, and 365Falcon. The funds you have with them are in danger without a doubt!

1. Scam Broker Status: Unregulated
2. Licensed by: No license / No regulation
3. The Scammer’s Website: SanderFX.com (Inactive Scam)
4. Forex Trading Scam: Active
5. Scam listed by: N/A
6. Owner of the broker: Sander FX (SV) Ltd
7. Country of Headquarters: Saint Vincent and the Grenadines
8. Year of foundation: 2021
9. Platforms for online trading: WebTrader
10. Trading on mobile devices is available.
11. The minimum deposit is $1,000.
12. Bonus on deposit: Available
13. Trading in Crypto Assets: Available
14. Trading CFDs is possible: Yes, you can trade CFDs
15. The following trading instruments are available: FX, commodities, indices, stocks, and cryptocurrencies.
16. Leverage maximum: N/A
17. No Islamic Accounts are available
18. Demo Accounts are not available, and only live accounts are available.
19. Traders from the US are not accepted: The firm does not accept traders from the US.
20. According to Global Fraud Protection Experts, investing with this scam broker is a bad idea!

Is SanderFX Regulated? – Why Does It Matter?

A brand of Sander FX (SV) Ltd from Saint Vincent and the Grenadines, SanderFX is a brand of Sander FX (SV) Ltd. There is another offshore brand under the company’s ownership in Santa Lucia. Additionally, SanderFX regulation comes from FMRRC, according to the disclaimer.

What’s Wrong With A Trading License?

As offshore countries do not provide regulatory oversight, SanderFX Forex broker was allegedly granted the least valuable license – the FMRRC. The organization has declared itself to be responsible for regulating financial institutions.

You can’t trust this organization to reimburse you since it belongs to no government and has no authority to do so. Gembell Limited is a scam entity used as a shell company for various frauds – Pocket Option, for instance – with this license.

Warnings Against SanderFX Fraud

The actual regulators exposed the scheme while the company dealt with fake regulators. A warning has been published against SanderFX by the UK Financial Conduct Authority.

Official Warning Issued by FCA – Evidence of Fraud

According to the FCA, it is not an authorized firm, but it targets clients in the United Kingdom. After many complaints in these countries about SanderFX, the Italian CONSOB and Belgian FSMA republished this warning.

Where Is SanderFX Trading Scam Active?

The alleged headquarters of SanderFX is located in Saint Vincent, the Grenadines, and Santa Lucia. In addition to the US, it is also present in the UK, Italy, Belgium, and more. Don’t fall for the scam, and don’t invest your money with this fraudulent offshore company.

Scammed By SanderFX Broker? – Talk To Our Recovery Experts

We would be pleased to hear from you if the SanderFX scam has victimized you. Our recovery specialists may be able to help you get a chargeback and retrieve your money. Time’s running out. Get back what you’re entitled to before it’s too late. Get started today by booking a FREE online consultation!