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/10

Sandai

Saint Vincent and the Grenadines Saint Vincent and the Grenadines | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://sandai-fx.com/

Website

Rating Index

License 0.00 Software 4.00 Risk Control 0.00 Business 6.99 Regulation 0.00
1.51

Contact

https://sandai-fx.com/

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
5-10 years
Company Name
Sandai.Market.LLC
Email
info@sandai-fx.com
Company Website
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • sandai-fx.com
    183.181.84.98
    Server Location
    Japan Japan
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
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Company Profile

Company Profile

Review summary

Sandai Review Summary
Founded2020
Registered Country/RegionSaint Vincent and the Grenadines
RegulationUnregulated
Market InstrumentsForex, Indices, Commodities, Shares, Cryptocurrencies, and other CFDs
Demo Account
Leverage1:500
EUR/USD SpreadFrom 0.4 pips (Standard account)
Trading PlatformMT4
Min Deposit$100
Customer SupportEmail: info@sandai-fx.com
Regional restrictionJapan

Founded in 2020, Sandai is an unregulated brokerage registered in Saint Vincent and the Grenadines that offers trading in Forex, Indices, Commodities, Shares, Cryptocurrencies, and other CFDs with leverage up to 1:500 and spread from 0.4 pips on the Standard account. Demo accounts are available and the minimum deposit requirement to open a live account is $100.

Sandai

Pros and Cons

Pros Cons
Diverse tradable assetsNo regulation
Multiple account typesRegional restrictions
Demo accountsOnly email support
MT4 trading platform
Popular payment options

Is Sandai Legit?

No, Sandai holds no legal license. This means that the broker is not subject to regulatory standards. Therefore, it is generally recommended to choose regulated brokers that adhere to strict regulatory guidelines to ensure the safety of funds.

What Can I Trade on Sandai?

Sandai offers a variety of trading instruments for its clients. These instruments include:

Forex: EUR/USD, GBP/JPY, AUD/CAD...

CFDs: CFDs are available on indices, commodities, shares, and cryptocurrencies.

Indices: S&P 500, FTSE 100, DAX 30, Nikkei 225...

Commodities: gold, silver, crude oil, natural gas...

Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple...

Tradable Instruments Supported
Forex
CFDs
Commodities
Indices
Cryptocurrencies
Stocks
Bonds
Options
ETFs

Account Type

Sandai offers three types of real accounts: a Standard Account, a PRO Account, and a VIP Account. The Standard Account has a minimum deposit requirement of $100. The PRO Account necessitates a deposit of $5,000, while the VIP Account has an even higher deposit threshold, set at $20,000.

Account TypeMin Deposit
Standard$100
PRO$500
VIP$20,000

Leverage

The trading leverage offered by Sandai is up to 1:500 for forex pairs and up to 1:100 for other trading assets, including indices, commodities, shares, and cryptocurrencies. Both leverage ratios are very high, implying significant risks, especially since the company is not regulated.

Asset ClassMax Leverage
Forex pairs1:500
Indices1:100
Commodities
Shares
Cryptocurrencies

Spread

Account TypeSpread
StandardFrom 0.4 pips
PROFrom 0.2 pips
VIPFrom 0.1 pips

Trading Platform

Sandai offers MetaTrader 4, a professional trading platform equipped with advanced charting tools and order execution options. This platform is accessible via web-based interfaces and mobile devices. However, given that Sandai operates without regulation, we strongly advise you to opt for a legal and regulated broker to ensure the safety of your transactions.

Trading PlatformSupported Available Devices Suitable for
MT4Web and MobileBeginners
MT5/Experienced traders
MT4

Deposit and Withdrawal

Sandai accepts deposits via bank wire transfers, credit/debit cards, and e-wallets like Neteller and Skrill.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Can Sandai be trusted by traders?

Sandai.Market.LLC exhibits a profile of considerable vulnerability, holding a comprehensive risk score of 1.50 out of 10 based on its operational and regulatory metrics. As an entity operating from Saint Vincent and the Grenadines for 5-10 years, it lacks valid, authoritative financial licenses, which places the onus of risk management entirely on the trader and removes access to formal dispute resolution mechanisms.

04-02
United States

What is the regulatory status of Sandai?

Sandai operates without verified mainstream regulation, as it holds no valid licenses from major financial authorities like the FCA, ASIC, or CySEC. Its registration in Saint Vincent and the Grenadines, a jurisdiction known for minimal financial services oversight, means client activities are conducted in an environment devoid of formal regulatory protection.

04-02
United States

Is Sandai suitable for forex trading beginners?

Trading forex and CFDs involves a high degree of complexity and market risk. Whether you choose Sandai or another trading platform, we strongly recommend that beginners thoroughly study forex basics before investing real funds. It is also highly advisable to practice with a demo account first to familiarize yourself with the platform's operations and market volatility.

04-02
United States

What essential information should I know before trading with Sandai?

Before opening a live account, it is recommended to comprehensively understand the platform's regulatory status, deposit and withdrawal policies, spread costs, and overnight fees (swaps). Additionally, you can consult WikiFX to review the broker's latest score and user feedback to help you make a more informed investment decision.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

04-02
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

04-02
United States
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