Thinking of getting into business with Sandwind Capital? Here is what you must know about this broker. Carefully read this review to find out if sandwind.xyz is the trading platform you will want to trade with.
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About Sandwind Capital Broker
Sandwind Capital is an offshore brokerage company with a lot of promises for traders. The broker location cannot be found on the webpage. Truly, this is a first red flag on the side of Sandwind Capital broker.
Added, the broker claims to offer lower spread, transparency, faster execution, and flexible leverage.
To clarify, in spite the trading instruments Sandwind Capital claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
sandwind.xyz: Reasons to Avoid This Broker
Firstly, sandwind.xyz is a platform with no financial authority overseeing its financial services. We can’t stop emphasizing the importance of regulation especially when dealing with a scam broker like Sandwind Capital.
Again, we noticed sandwind.xyz has no demo account for traders. Since traders can’t test Sandwind Capital on a free account, we can’t know its viability in the forex market.
Further, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
Lastly, the importance of legal documents cannot be under emphasized especially when doing due diligence. Truly, we could not assess the broker’s legal documents as we found it missing on the webpage.
These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
Under the withdrawal policy, Sandwind Capital leaves us with no information on what fees forex traders will be charged for any withdrawal nor processing days on each withdrawal. Truly, this broker is a scam and its fraudulent schemes are clear.
Minimum Deposit
Sandwind Capital minimum deposit is not available.
As for the payment methods, broker accepts Debit/Credit cards, Skrill, Wire Transfers and more. But, you should not consider making any payment with this broker because it is a risk and scam. So beware!
Sandwind Capital Platform
Sandwind Capital claims to offer MT5 (Industry standard trading platform) by providing a link for download. However, this offer doesn’t make the broker legit because any scam broker can do the same to lure forex traders.
As for the leverage, it can get up to 1:500. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Sandwind Capital Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion: Is sandwind.xyz a Reliable Broker?
No, sandwind.xyz does not seem like a reliable broker for traders even though it promises offers that look good to be true.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review scam forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.
