Sardis Global Forex Broker

Sardis Global Forex Broker - Complete Information Guide

1. Broker Overview

　　Sardis Global Ltd, established in 2024, is a relatively new player in the forex and CFD brokerage industry. The company is headquartered in Fomboni, Mohéli, Comoros, with an additional office located at Ulica Vlad Ike Vasariona Boril Vica, Ulaz H, Stan Br. 3, Podgorica, Montenegro. It operates as a private entity, focusing on providing trading services primarily to retail clients interested in forex and other financial instruments.

　　Sardis Global has positioned itself in the competitive landscape of online trading by offering various account types and leveraging modern trading platforms. Its development milestones include participation in industry events such as the Forex Expo 2024, which showcases its commitment to gaining visibility and credibility in the market. The broker claims to offer advanced trading technologies, particularly through the MetaTrader 5 platform, appealing to both novice and experienced traders.

　　The business model of Sardis Global focuses on retail forex trading, providing clients with access to a variety of financial instruments, including currencies, commodities, indices, stocks, and cryptocurrencies. However, the company has faced scrutiny regarding its regulatory compliance and operational transparency, which are critical factors for potential investors.

2. Regulatory and Compliance Information

　　Sardis Global operates under the Mwali International Services Authority (MISA), holding a license number BFX2024120. This offshore regulatory body is based in the Comoros Union and is known for its less stringent oversight compared to major financial regulators. The license allows Sardis Global to claim regulatory status, but it does not provide the same level of investor protection typically found in jurisdictions with stricter regulations.

　　The license is valid for the company's operations; however, it has raised concerns about the overall safety and transparency of its trading environment. Sardis Global does not participate in any investor compensation schemes, which means clients may have limited recourse in case of disputes or operational failures.

　　The company adheres to basic KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures, requiring customer identification and monitoring transactions for suspicious activities. However, the effectiveness of these measures in protecting client interests is questionable given the offshore nature of its regulation.

3. Trading Products and Services

　　Sardis Global offers a diverse range of trading products, including:

• Forex Currency Pairs: The broker provides access to a variety of currency pairs, catering to both major and minor markets.
• CFD Products: Clients can trade CFDs on indices, commodities, stocks, and cryptocurrencies, although specific details on the number of available pairs and instruments are not extensively documented.
• Unique Trading Offerings: While the broker promotes its services as comprehensive, details on any exclusive products or services are limited.

　　The frequency of product updates and the introduction of new trading instruments are not clearly articulated, leaving potential clients uncertain about the broker's responsiveness to market demands.

　　Sardis Global primarily targets retail clients but does not explicitly mention any services tailored for institutional clients or white-label solutions. There is also no indication of asset management services being offered.

4. Trading Platforms and Technology

　　Sardis Global supports MetaTrader 5 (MT5) as its primary trading platform, which is well-regarded among traders for its advanced features and user-friendly interface. The platform is available in multiple formats, including:

• Desktop Version: Compatible with Windows, providing a comprehensive trading experience.
• Web-Based Platform: Accessible from any browser, allowing for flexibility and convenience.
• Mobile Applications: Available for both iOS and Android, enabling traders to manage their accounts on the go.

　　The broker claims to operate as an ECN (Electronic Communication Network), although there are doubts regarding the actual execution model it employs. The server infrastructure is reportedly located in the Netherlands, which is advantageous for latency and execution speed. However, the lack of transparency regarding the specific ECN network used raises questions about the broker's operational integrity.

　　API access and support for automated trading are not explicitly mentioned, which could be a drawback for algorithmic traders looking for advanced trading solutions.

5. Account Types and Trading Conditions

　　Sardis Global offers three main account types:

• Standard Account:
• Minimum Deposit: $200
• Average Spread: 5 pips
• Minimum Lot Size: 0.01 standard lot
• Professional Account:
• Minimum Deposit: $3,000
• Average Spread: 1 pip
• Minimum Lot Size: 0.03 standard lot
• VIP Account:
• Minimum Deposit: $10,000
• Average Spread: 1 pip
• Minimum Lot Size: 0.1 standard lot

　　The leverage offered by Sardis Global ranges from 1:20 to 1:400, which is considered high and poses significant risks, particularly for inexperienced traders. The minimum trading size varies by account type, with the standard account allowing for minimal exposure.

　　Details regarding overnight fees and other specific trading conditions are not clearly outlined, making it challenging for potential clients to assess the overall cost of trading with this broker.

　　

6. Fund Management

　　Sardis Global supports multiple deposit methods, although specific details on payment options are not extensively provided. Common methods typically include:

• Bank Transfers
• Credit/Debit Cards
• E-Wallets

　　The minimum deposit requirement varies by account type, starting at $200 for the standard account. The processing time for deposits is generally quick, but specific timelines are not disclosed.

　　Withdrawal methods and any associated limitations are not clearly stated, which could be a concern for clients looking for transparency in managing their funds. The withdrawal processing time also lacks clarity, leaving potential clients uncertain about how quickly they can access their funds.

　　

7. Customer Support and Educational Resources

　　Sardis Global provides various customer support channels, including:

• Phone Support: Available through a mobile number.
• Email Support: Clients can reach out via the provided email address.
• Live Chat: An online chat feature is available on the website.
• Social Media: The broker maintains a presence on platforms like Telegram and Instagram.

　　Support is reportedly available 24/7, although the effectiveness of response times has been questioned based on user experiences. The broker claims to support multiple languages, although a specific list of supported languages is not provided.

　　Educational resources include market analysis services, daily updates, and research reports, which can be beneficial for traders looking to enhance their knowledge and trading strategies. However, the depth and quality of these resources are not extensively documented.

　　

8. Regional Coverage and Restrictions

　　Sardis Global targets a global market, but it explicitly states that it does not accept clients from certain regions, including:

• Turkey
• United States
• United Arab Emirates

　　This limited acceptance could hinder its appeal to a broader audience. The broker's operational restrictions are primarily due to its regulatory status, which does not permit it to offer services in many developed markets, including Europe and North America.

　　In summary, while Sardis Global presents itself as a competitive forex broker with various offerings, potential clients should exercise caution due to its offshore regulatory status and the associated risks. The lack of transparency in several operational aspects raises red flags that could impact the safety of client funds and the overall trading experience.