SANDWIND foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://sandwindbx.com/, about the company's legal and temporary regulatory information, the company's address .
Sandwind is a forex broker that has garnered attention in the trading community since its establishment. While the exact founding date is not explicitly mentioned in the available sources, it is identified as a relatively new player in the forex market. The company operates under the name Sand Wind Global Ltd, with its headquarters reportedly located in an undisclosed offshore jurisdiction. This lack of transparency regarding its physical location raises concerns among potential clients.
The broker primarily serves retail clients looking to engage in forex trading, offering a range of trading instruments. Sandwind aims to attract traders with its promises of competitive spreads and a user-friendly trading environment. However, the company has faced scrutiny for its operational practices and regulatory compliance, which has led to numerous negative reviews and warnings from various financial watchdogs.
Over the years, Sandwind has made several attempts to position itself as a reputable broker in the forex trading landscape. Unfortunately, its reputation has been marred by allegations of fraudulent practices and difficulties in fund withdrawals, leading to a growing number of complaints from dissatisfied clients.
In terms of its business model, Sandwind primarily focuses on retail forex trading, offering clients access to various trading platforms and instruments. However, the ongoing concerns regarding its legitimacy and operational practices overshadow its potential as a trustworthy broker.
Sandwind operates in a highly regulated environment, yet it has faced significant challenges regarding its regulatory status. The broker was previously licensed by the Australian Securities and Investments Commission (ASIC), but this license has since been revoked, leading to a score of 1.45 out of 10 on the risk assessment scale by WikiFX. This revocation indicates that the regulatory status of Sandwind is abnormal, and potential clients should be aware of the associated risks.
The broker's regulatory number, which was previously valid under ASIC, is no longer applicable, as the license has been revoked. This lack of regulatory oversight raises significant red flags for potential investors, particularly regarding the safety of their funds and the legitimacy of the broker's operations.
Sandwind has not provided sufficient information regarding its compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This lack of transparency further complicates the broker's credibility and raises concerns about its commitment to protecting clients' investments.
The absence of a valid regulatory framework and the revocation of its license highlight the importance of exercising caution when considering Sandwind as a trading platform. Without regulatory oversight, clients may be at risk of losing their funds without any recourse for recovery.
Sandwind offers a variety of trading products designed to cater to the diverse needs of its clients. The broker provides access to numerous forex currency pairs, including major, minor, and exotic pairs. However, the exact number of available currency pairs is not specified in the available sources.
In addition to forex trading, Sandwind claims to offer Contracts for Difference (CFDs) on various asset classes, including indices, commodities, and cryptocurrencies. Despite these claims, there is little concrete evidence of the actual trading conditions or the breadth of products available, leading to skepticism about the broker's offerings.
The broker's product updates and the introduction of new trading instruments appear to be infrequent, which may limit the trading options available to clients. Furthermore, while Sandwind aims to attract retail traders, there is no clear indication of any institutional services or white-label solutions being offered.
Overall, while Sandwind presents itself as a comprehensive trading platform, the lack of transparency regarding its product offerings and the frequency of updates raises concerns about its reliability as a forex broker.
Sandwind provides access to the MetaTrader 5 (MT5) trading platform, which is widely regarded as one of the industry standards for forex trading. The availability of MT5 allows traders to utilize advanced charting tools and automated trading capabilities. However, there are reports indicating that users have faced difficulties in accessing the platform, raising questions about the broker's technical reliability.
In addition to MT5, Sandwind claims to offer a web-based trading platform and mobile applications for both iOS and Android devices. However, the effectiveness and user experience of these platforms have not been thoroughly reviewed, leaving potential clients uncertain about their functionality.
The broker operates under an execution model that is either ECN or STP, but the specific details regarding execution speed and slippage are not disclosed. This lack of information makes it challenging for traders to assess the quality of trade execution they can expect when using Sandwind's services.
Furthermore, the broker's server locations and overall technological infrastructure remain unclear, which could impact the trading experience, particularly in terms of latency and order execution. The absence of information regarding API access and support for automated trading further limits the appeal of Sandwind for more advanced traders.
Sandwind offers a variety of account types to cater to different trading preferences. However, specific details about the minimum deposit requirements, spreads, and commissions associated with each account type are not clearly outlined in the available sources.
The standard account conditions are not explicitly defined, leaving potential clients uncertain about the trading costs they may incur. Additionally, the existence of advanced account types, such as VIP or professional accounts, is mentioned but lacks detailed information regarding the benefits and requirements for these accounts.
The broker does not provide information on the availability of special accounts, such as Islamic accounts or corporate accounts. Furthermore, details regarding the demo account policy are also missing, making it difficult for new traders to practice their skills before committing real funds.
Leverage options appear to be available, but the specific ratios for different products are not disclosed. Similarly, the minimum trade size and overnight fees are not clearly stated, which could lead to unexpected costs for traders.
Overall, the lack of transparency regarding account types and trading conditions raises concerns about the broker's commitment to providing a fair and competitive trading environment.
Sandwind supports a range of deposit methods, including bank transfers, credit cards, and electronic wallets. However, the specific minimum deposit requirements for different account types are not disclosed, leaving potential clients uncertain about the initial investment needed to start trading.
Deposit processing times are not clearly defined, which could lead to delays in account funding. Additionally, information regarding any deposit fees associated with different payment methods is also absent, further complicating the decision-making process for potential clients.
Withdrawal methods and any associated restrictions are not explicitly mentioned, raising concerns about the ease of accessing funds. Furthermore, the withdrawal processing times are not provided, which could lead to frustration for clients looking to access their profits.
The absence of a clear fee structure for withdrawals creates uncertainty, potentially deterring traders from committing to Sandwind. This lack of clarity regarding fund management further emphasizes the importance of conducting thorough research before engaging with the broker.
Sandwind offers several customer support channels, including phone, email, and online chat. However, the availability of support during specific hours and the time zone coverage is not clearly defined, which could lead to difficulties for clients in need of assistance.
The broker reportedly provides multilingual support, but the specific languages offered are not detailed in the available sources. This lack of information could hinder communication for non-English speaking clients.
In terms of educational resources, Sandwind's offerings appear limited. While there are mentions of webinars, tutorials, and eBooks, the specific types and availability of these resources are not clearly outlined. This lack of comprehensive educational support could be a disadvantage for novice traders looking to enhance their trading knowledge.
Market analysis services, including daily analysis, news updates, and research reports, are also not explicitly mentioned. Furthermore, the availability of trading tools, such as calculators and economic calendars, remains unclear, potentially limiting traders' ability to make informed decisions.
Sandwind primarily focuses on serving clients in various markets, although specific details regarding its main service regions are not provided. The absence of information about regional offices further complicates the understanding of the broker's operational reach.
The broker does not clearly specify which countries or regions it does not accept clients from. This lack of transparency could lead to potential issues for traders attempting to open accounts from restricted jurisdictions.
Additionally, any special restrictions regarding trading activities or compliance with local regulations are not mentioned, emphasizing the importance of conducting thorough research before engaging with Sandwind.
In conclusion, while Sandwind presents itself as a forex trading platform with various offerings, the numerous concerns regarding its regulatory status, operational transparency, and customer support raise significant red flags for potential clients. It is crucial for traders to exercise caution and conduct thorough research before considering engagement with this broker.
Susu Chen
Taiwan
I can’t access the website and withdraw after depositing money several times,, and the server is disconnected. Such a platform is not reliable.
Exposure
2021-11-11
FX3882763413
Taiwan
I entered MT5 to check the trading quotes at 7 pm that day, but an hour later I was unable to log in to my MT5 account, same for the platform. My money...
Exposure
2021-11-06
FX2861636451
Australia
I'm not going to allow these criminals defraud any more people. They got deposit of my $55000 and deny me withdrawal and claimed it never reflected on their end. There was no way I could show they actually received that funds, i was able to withdraw with the action of AssetsClaimBack advisory it’s cruel that they wouldn't allow me withdraw my money after I made profitable transactions with them.
Exposure
2022-05-07