SandwindFX Review: Be Wary of Sandwindfx.com

SandwindFX Review
  • License and Regulation
  • Transparency
  • Safety of funds
  • Support
0.9

Summary

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

SandwindFX Review

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.

👉 ***Do you want to earn a side income with a stable crypto investment platform that generates sustainable monthly yields? Get this: You can now make a steady profit margins thanks to a new innovative way of investing in crypto. YieldNodes is the answer you need to start making a decent profit with cryptocurrency investment whether you are a beginner or professional in the crypto space. A multi-tiered node rental program is what Yield nodes is bringing to the table. Master-noding is the avant-garde of generating high ROI thanks to the ingenious of Stefan Hoermann and his team. With master-noding, you invest and let the platform do the rest for you. What is master-noding? It is not TRADING. It’s a new way of generating revenue by providing technology that relies on a proof of stake approach. Yieldnodes operates these crypto master-nodes and optimizes complex strategies to ensure members earn a profit. Yield Nodes will prioritize your security by providing accurate investment options. Members get protection from external losses or unforeseen changes in market conditions. This is not in any way a get rich quick scheme; once you deposit funds; you have to wait for the yields to mature. Yieldnodes is providing a proven, innovative, and secure way of making high returns on your investment with crypto master-noding.  With just a minimum deposit of €500, you are good to go! With a minimum contract duration of six months, it gives users a chance to fully experience master-noding. By joining Yieldnodes, you stand a chance of making 5 to 15% every month.  If you are still wondering whether this is a safe option, you can cancel the contract at any given time. Don't just take our word for it, they are also rated 4.8 out of 5 on TrustPilot by users just like you, so feel free to check them out later. For those who want to join and upgrade their investment strategy, Yield Nodes is the solution.

Click Here To Sign up with Yieldnodes Today

PS: YieldNodes is 100% Verified by Scamwarning.org.

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

SandwindFX Safety of Sunds

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.

Business Proprietor

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

Sandwind FX Trading Platform

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.

Funding Accounts

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

Is Sandwindfx.com Legit or Regulated?

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.

15 Replies to “SandwindFX Review: Be Wary of Sandwindfx.com”

  1. RD

    I lost a lot more 350,000 .. money is seen in the account but they have stopped responding.. anyone know how we can deal with this ?

      • A K Mishra

        Hi HR I am Ashok From India. My Director based in Dubai has been a victim of Fraud by Sandwind. He has lost huge amount.

        We have lodge complaint with Hongkong Police and HSBC Bank Hongkong as the fraudsters had bank account in the said bank.

        ashok.mishra.cs@gmail.com is my email id. Pls share your course of action. Let us connect and draw a plan of action against these fraudsters

    • sbam

      350k dollars you mean ???
      I would like to contact you. I reported to the police. We can join to be heard, recognize. And recover the funds.

  2. OR

    They scammed me £15000! We need to unite and take these criminals down and recover all lost funds! They ruined my life. I know people have lost more but if anyone can help please let me know. I was hoping to buy a property with the 15k. I feel such a fool to be scammed like this.

  3. Mi

    Sandwind scammed me out of $34,600. How do I report this? Can we file a class action lawsuit?
    The company is still operating! It has changed its name and is registered in Australia!!

    • A K Mishra

      Hi MI I am Ashok From India. My Director based in Dubai has been a victim of Fraud by Sandwind. He has lost huge amount.

      We have lodge complaint with Hongkong Police and HSBC Bank Hongkong as the fraudsters had bank account in the said bank.

      ashok.mishra.cs@gmail.com is my email id. Pls share your course of action. Let us connect and draw a plan of action against these fraudsters

    • Pedro Carvajal

      Hi, I’m in the USA and contacting a firm in New York in order to see a way to recover my funds. I first started trading with SandWind as my broker but then they all of the sudden merger with SICH Capital and when I finally decided to withdraw funds from my free margin, they informed me that I had to pay 20% of the taxes generated in profit and gave me a code to send the fundings to their digital wallet because according to them my account was encrypted and I could not withdraw funds after taxes were paid and then the system would automatically delete the encryption so I could then withdraw funds. Once they told me that, I became suspicious of a scam. How is your case against them coming along? My odd situation with SICH Capital, formerly Sandwind, started in mid-November 2021. I would like to hear from you to see how I can pursue my case and recover my funds.

      • A K Mishra

        Hi Pedro I am Ashok From India. My Director based in Dubai has been a victim of Fraud by Sandwind. He has lost huge amount.

        We have lodge complaint with Hongkong Police and HSBC Bank Hongkong as the fraudsters had bank account in the said bank.

        ashok.mishra.cs@gmail.com is my email id. Pls share your course of action. Let us connect and draw a plan of action against these fraudsters

    • A K Mishra

      Hi Sbam I am Ashok From India. My Director based in Dubai has been a victim of Fraud by Sandwind. He has lost huge amount.

      We have lodge complaint with Hongkong Police and HSBC Bank Hongkong as the fraudsters had bank account in the said bank.

      ashok.mishra.cs@gmail.com is my email id. Pls share your course of action. Let us connect and draw a plan of action against these fraudsters

  4. A K Mishra

    Hi Friends My Director has been a victim of financial fraud and lost huge amount. We have lodged complaints with Hongkong police and also with HSBC bank.

    I think We all should come together and decide a common course of action so that we can build pressure on regulatory agencies.

    Can you guys please let me know what action you have taken till now.

Leave a Reply

Your email address will not be published.