Is SanderFX a Good Broker or a Scam?
SanderFX wants everyone to believe it is licensed. The truth is quite different. We don’t run across many brokers that release more contradictory and misleading statements about its licensing. SanderFX boasts that it has licenses from the FCA, CySec, St. Vincent and the Grenadines, and St. Lucia. This is quite a mix. FCA and CySec are top-tier regulators and St. Vincent and the Grenadines and St. Lucia are third-rate brokers. However, SanderFX has no license at all.
We Have Some Concerns with SanderFX
Not only are SanderFX’s licensing claims untrue, but it also claims to be run by a company called Gembell Limited. However, after further investigation, we discovered that there is no real company with this name. Is there anything actually true about SanderFX? Obviously, this broker is too reliable to trust. We would recommend staying away from this broker. Always research brokers carefully before signing up. Verify all statements about licensing, because many of these brokers make things up.
SanderFX Red Flags
We found the following red flags for this broker:
- Not licensed
- Many misleading statements about licenses
- Operates under a fake company
- No transparency
- No contact information
- Bad reviews
Lost Money to SanderFX? Talk to Us!
Our experts understand brokers–reliable ones and scam operations. We have researched brokers and have created these reviews to help consumers make the right choice for trading. We recommend that you avoid SanderFX and instead find a reliable and licensed broker. If you have lost money to this broker, contact us and we will help you locate your funds