Do You Want to Open an Account with SanderFX? Read This First!
SanderFX has many problems. It offers huge promises and makes misleading claims about licensing and who runs it. Without transparency or honest claims, there is no reason to trust it. For instance, this broker claims to have 10 million clients. This is an impossible number, particularly for a broker that isn’t widely known. Its claims about licensing are also problematic.
This is What We Found Out About SanderFX
SanderFX claims it has licenses from St. Vincent and the Grenadines, St. Lucia, the FCA, and CySEC. There is a huge difference between the quality of top-rated regulators CySEC and FCA and St. Vincent and the Grenadines, which are third-caliber. However, out of all of these licensing claims, none of them are true. SanderFX doesn’t even have a third-rate license. Additionally, it claims to be run by a company called Gembell Limited, but we found no such company. We therefore wouldn’t trade with SanderFX.
Warning Signs About SanderFX
We noticed the following about this broker:
- Misleading statements about licensing
- Flagged by the FCA
- False guarantees
- No transparency
- Bad reviews
Lost Money with SanderFX? Contact Our Team
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