Sardis Global Review

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Summary: Sardis Global, a relatively new player in the forex and CFD market, has garnered significant skepticism due to its offshore licensing and questionable operational practices. Users have reported several red flags, including high spreads and poor customer service, which overshadow its promotional campaigns and trading platform offerings.
Note: The different entities operating under the Sardis Global name across various jurisdictions raise concerns about transparency and accountability. This review synthesizes information from multiple sources to provide a fair and accurate assessment.
Category | Rating (out of 10) |
---|---|
Account Conditions | 4 |
Tools and Resources | 5 |
Customer Service and Support | 3 |
Trading Experience | 4 |
Trustworthiness | 2 |
User Experience | 3 |
How We Rate Brokers: Our ratings are based on user reviews, expert opinions, and factual data regarding trading conditions, customer service, and regulatory compliance.
Founded in 2024, Sardis Global operates under the name Sardis Global Ltd, with its registered office in the Comoros Islands. The broker primarily offers forex and CFD trading through the popular MetaTrader 5 platform. However, its licensing from the Mwali International Services Authority (MISA) has raised eyebrows, as it is considered a less stringent regulatory body compared to major financial authorities. Users can trade various asset classes, including forex, commodities, indices, and cryptocurrencies.
Regulatory Jurisdiction/Region: Sardis Global is licensed by MISA, an offshore regulator in the Comoros Union. This license is viewed with skepticism by many experts, as it lacks the rigorous oversight seen in jurisdictions like the UK or the EU.
Deposit/Withdrawal Currencies/Cryptocurrencies: The broker does not specify the accepted deposit and withdrawal currencies, but users have expressed concerns about the ease of accessing their funds.
Minimum Deposit: The minimum deposit for a standard account is set at $200, which is relatively low compared to industry standards. However, the minimums for professional and VIP accounts are significantly higher at $3,000 and $10,000, respectively.
Bonuses/Promotions: Sardis Global runs promotional campaigns, including a controversial offer to win a Tesla Model Y, contingent on trading a substantial volume. However, the terms of these promotions have been criticized as unrealistic and potentially exploitative.
Tradable Asset Classes: The broker provides access to a range of assets, including forex pairs, commodities, indices, and cryptocurrencies. However, the specific availability of certain assets may vary, and users are advised to check the broker's website for the latest updates.
Costs (Spreads, Fees, Commissions): Users have noted high average spreads, particularly on the standard account, which can reach 5 pips or more. This is significantly above the industry average and raises concerns about the broker's competitiveness.
Leverage: Sardis Global offers leverage up to 1:400, which is considered high and poses significant risks, especially for inexperienced traders. This level of leverage is generally not approved by reputable regulatory bodies.
Allowed Trading Platforms: The broker exclusively offers the MetaTrader 5 platform, which is known for its advanced trading features and user-friendly interface. However, some users have reported issues with the platform's reliability.
Restricted Regions: Sardis Global does not accept clients from several regions, including the US, Turkey, and the UAE, which limits its market reach. This restriction raises questions about the broker's operational legitimacy.
Available Customer Support Languages: The broker claims to support over 35 languages, but user reviews indicate that customer service is lacking, with many requests going unanswered.
Category | Rating (out of 10) |
---|---|
Account Conditions | 4 |
Tools and Resources | 5 |
Customer Service and Support | 3 |
Trading Experience | 4 |
Trustworthiness | 2 |
User Experience | 3 |
Account Conditions: The entry-level account requires a minimum deposit of $200, which is appealing. However, the high spreads and additional fees make it less attractive overall.
Tools and Resources: Sardis Global offers the MT5 platform, which is a robust trading tool. However, users have noted that the educational resources and market analysis promised on the website are often outdated or missing.
Customer Service and Support: Customer support is a significant pain point for users, with many reporting long wait times and unresponsive channels. This lack of reliable support is a major red flag.
Trading Experience: While the MT5 platform provides a good trading experience, the high costs associated with trading on this platform can deter potential users.
Trustworthiness: The lack of credible regulatory oversight and the numerous complaints about fund withdrawals contribute to a low trustworthiness rating.
User Experience: Overall user experience has been marred by reports of poor customer service, high costs, and questionable promotional practices.
In conclusion, while Sardis Global presents itself as a modern trading platform with appealing features, the underlying issues regarding regulation, customer service, and trading conditions suggest that potential traders should exercise caution before engaging with this broker.