Sandai foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://sandai-fx.com/register/, about the company's legal and temporary regulatory information, the company's address .
Sandai Forex Broker
Basic information
Saint Vincent and the Grenadines
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Founded in 2020, Sandai is an unregulated brokerage registered in Saint Vincent and the Grenadines that offers trading in Forex, Indices, Commodities, Shares, Cryptocurrencies, and other CFDs with leverage up to 1:500 and spread from 0.4 pips on the Standard account. Demo accounts are available and the minimum deposit requirement to open a live account is $100.
Pros and Cons
| Pros | Cons |
| Diverse tradable assets | No regulation |
| Multiple account types | Regional restrictions |
| Demo accounts | Only email support |
| MT4 trading platform | |
| Popular payment options |
Is Sandai Legit?
No, Sandai holds no legal license. This means that the broker is not subject to regulatory standards. Therefore, it is generally recommended to choose regulated brokers that adhere to strict regulatory guidelines to ensure the safety of funds.
What Can I Trade on Sandai?
Sandai offers a variety of trading instruments for its clients. These instruments include:
Forex: EUR/USD, GBP/JPY, AUD/CAD...
CFDs: CFDs are available on indices, commodities, shares, and cryptocurrencies.
Indices: S&P 500, FTSE 100, DAX 30, Nikkei 225...
Commodities: gold, silver, crude oil, natural gas...
Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple...
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Sandai offers three types of real accounts: a Standard Account, a PRO Account, and a VIP Account. The Standard Account has a minimum deposit requirement of $100. The PRO Account necessitates a deposit of $5,000, while the VIP Account has an even higher deposit threshold, set at $20,000.
| Account Type | Min Deposit |
| Standard | $100 |
| PRO | $500 |
| VIP | $20,000 |
Leverage
The trading leverage offered by Sandai is up to 1:500 for forex pairs and up to 1:100 for other trading assets, including indices, commodities, shares, and cryptocurrencies. Both leverage ratios are very high, implying significant risks, especially since the company is not regulated.
| Asset Class | Max Leverage |
| Forex pairs | 1:500 |
| Indices | 1:100 |
| Commodities | |
| Shares | |
| Cryptocurrencies |
Spread
| Account Type | Spread |
| Standard | From 0.4 pips |
| PRO | From 0.2 pips |
| VIP | From 0.1 pips |
Trading Platform
Sandai offers MetaTrader 4, a professional trading platform equipped with advanced charting tools and order execution options. This platform is accessible via web-based interfaces and mobile devices. However, given that Sandai operates without regulation, we strongly advise you to opt for a legal and regulated broker to ensure the safety of your transactions.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web and Mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Sandai accepts deposits via bank wire transfers, credit/debit cards, and e-wallets like Neteller and Skrill.
Rating Index
Sandai Similarly Rated Brokers
Latest Reviews
李老师74130
United Kingdom
This site provides incredibly little information. I can't think of anyone who would want to trade with it. It is registered with Saint Vincent and the Grenadines, a notorious place in the forex industry.
Neutral
2h
solop
United States
I'm always looking for platforms that can handle my high-volume trades without lag, and Sandai FX fits the bill. Their MT4 and MT5 platforms are robust, and I particularly appreciate the tight spreads on the ECN account which really help in keeping my trading costs down.
Positive
2024-06-18