- 1 A Brief Overview SandwindFX
- 2 Accounts and Plans SandwindFX
- 3 License and Regulation SandwindFX
- 4 Safety of funds SandwindFX
SandwindFX will take your funds and block members from accessing them. The platform is completely anonymous with and we believe it’s offshore-based. Find out more in our exclusive Sandwind FX Review
SandwindFX (Sandwindfx.com) doesn’t come close to a genuine trading platform. What we have is an assumption that the platform allows investors to trade. Sure, you will trade on the platform and even make winning trades. The problem is that Sand Wind FX doesn’t allow anyone to withdraw funds. It’s has been the case for the past few weeks. And members are abhorred by the results. Learn more in our vivid SANDWINDFX REVIEW.
A Brief Overview SandwindFX
Sandwind Global Limited is the company or entity that claims to run the show. When you land on the homepage, the platform screams of a professional trading platform. Everything checks out, including the sales pitch to investors.
What most see as a legit trading platform is nothing but a cash cow for the owners. Once you deposit funds, there’s no way of enjoying your trading wins. And this is the reason we have to expose the platform for exploiting investors.
It would be best if you were on the lookout for such platforms that openly defy trading regulations. Unfortunately, SandwindFX is one of them, and we must put an end to it. Thanks to our keen eye, we will reveal the red flags found on the platform.
The best way to trade is by joining hands with reputable professionals with a proven track record. These are the best brokers the industry has to offer. Sign up with industry-leading professionals that guarantee safety when trading.
Sandwind FX is not what you would expect in a professional trading platform. Despite claiming to be the best trader, the platform is facing serious fraud allegations. Regulators in Europe are investigating claims of online fraud.
When you finally decide to invest, you should go for platforms with a proven track record. Your first step should be doing thorough research on the platform. Get to find out what others are saying about that particular platform. It’s the only way to make an informed decision.
Accounts and Plans SandwindFX
SandwindFX does not have any account plans that we know of. The platform fails to indicate the account tiers available on the platform. And this means having to sign up not knowing the account’s trading conditions.
It will take a toll on investors as the platform may impose harsh trading conditions. In addition, we don’t know of the available leverage or spreads of trading assets. These are some of the details you need to know before opening an account.
We also don’t know the acceptable minimum deposit within the platform. Sandwindfx.com could be taking advantage and demanding high depository amounts. The industry has set $250 as the acceptable minimum deposit.
Without leverage information, we have to assume the platform offers high leverage. The industry has also put a cap on maximum leverage at 1:100. In the States, the leverage is set at 1:50 for retail traders.
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Such platforms will claim that the more you deposit, the higher your chances of winning. Unfortunately, it’s not the case, as some traders even start with as little as $50. SandwindFX wants to take your funds and run away once the platform shuts down.
Account Opening Procedure
Opening an account with Sandwind FX is a straightforward process. First, you will need to fill in your address, contacts, and full names. The platform will then send an email with instructions on how to proceed with funding accounts.
We have a huge problem with the way the platform verifies these accounts. Instead of verifying accounts when you first open an account, the platform waits for the perfect moment. As a result, you have to verify your account when you click your first withdrawal.
At this time, the platform knows you want to withdraw. It’s at this juncture that the platform demands sensitive documents from you. These documents include a copy of your ID, bank statements, and credit card information.
We don’t get why the platform would go for this route. There are other ways of verifying accounts. For example, the platform may send emails with links or SMS codes to verify these accounts.
What we see is an attempt from the platform to try and harvest banking information. We must move to stop this from happening. And this is why you should determine whether a platform is legit before sharing such sensitive data.
Available Trading Instruments
There are four classes of trading assets available on the platform. These include commodities, forex, indices, and shares. You get to trade leading commodities from the energy and manufacturing sectors.
The platform also avails forex trading assets which are their main selling point. You get to trade major and minor pairs. As we earlier pointed out, the platform doesn’t offer any leverage information.
Members also get to trade with international markets such as DAX, Dow Jones, and the NYSE. There’s also a place for share trading from stocks of major international companies. For example, you get to trade shares from the FAANG group and other global entities.
The platform claims Sandwind Global LTD is the entity behind this platform. However, there are no records of the platform anywhere on the face of the planet. Furthermore, the platform doesn’t give any details on who actually owns or runs the platform.
And this makes SandwindFX an anonymous investment platform. You stand to lose more with an unregulated platform. There are no names associated with the company or this trading platform.
Please stay away from anonymous, offshore, and unregulated platforms. In most cases, these platforms fail to protect the interests of investors. You will end up ruing the decision after the platform leaves you hanging.
Contact and customer support
To get the best out of a trading platform, you will need to communicate with staff members. Unfortunately, the platform doesn’t offer direct access to their staff members. All you get are messaging platforms which don’t necessarily mean fast responses.
You should use a platform that offers live chat or access to a direct representative. We don’t see any phone numbers on the platform. And this is the very same platform that fails to indicate the names of staff members.
The platform avails bank and wire transfer channels as means of funding your account. Once you fund the account, the balance will reflect in your trading account within 24 hours. Then you can start trading and see your balance decrease or increase depending on the trades.
When the time comes to withdraw, that’s when SandwindFX will show its true colors. No one has made it this far in the last few weeks. Everyone gets stuck as withdrawing as the platform keeps silent.
License and Regulation SandwindFX
SandwindFX is not a licensed or regulated entity. As a result, the platform fails to offer investors a real trading opportunity. And that’s why you need to stay away from the platform or else risk losing it all.
The platform ought to show its compliance documents for all to see. These documents should match the details on the registry page. Without a regulatory framework, the platform will impose unfair trading conditions.
Safety of funds SandwindFX
Your funds are far from safe with a platform that fails to offer investors a genuine way to trade. There’s no segregation of accounts, and you won’t get insurance cover for deposits made.
Verdict on Sandwind FX
Please stay away from the platform as it doesn’t allow anyone to withdraw.
The best trading platforms enjoy the backing of industry experts. So go for these platforms that assure withdrawal and safety of funds.
If you have any queries, feel free to write to us.