Basic Information & Regulators of Sandton Direct
Sandton Direct is a forex, precious metals, and CFD broker based in Dubai and was founded in 2009. The official website of Sandton Direct shows that the broker is not effectively regulated by any regulatory body.
Safety Analysis of Sandton Direct
Sandton Direct is currently an unregulated trader, which means that clients' trading activities and funds are not effectively protected. Investors should be careful to avoid the Sandton Direct broker.
Market Instruments of Sandton Direct
Sandton Direct offers investors over 45 pairs of Forex currency pairs, indices, stocks, gold, silver, oil, bitcoin, binary options products for personal investment, and trading options.
Accounts & Leverage of Sandton Direct
Sandton Direct offers two different trading platforms, MT4, and xStation, which means that Sandton Direct offers two types of accounts. xStation platform/account has a minimum deposit of $100, minimum lot size of 0.01, and maximum trading leverage of 1:500. The minimum deposit for the MT4 platform/account is $1000, the minimum lot size is 0.01, and the maximum leverage is 1:500.
Spreads & Commissions of Sandton Direct
The MT4 platform offers fixed spreads with a spread of 1 pip on EURUSD. xStation offers floating spreads with an average spread of only 0.3 pips on EURUSD. When tested with a demo account, the spreads seem to be lower, and Sandton Direct does not charge commissions on trades. If this is the real trading environment, then Sandton Direct seems unprofitable, so the commission-free and tight spreads in the demo account are just a trick to attract new investors.
Trading Platforms Available of Sandton Direct
Sandton Direct supports both the MT4 trading platform and the xStation trading platform. xStation is an open-API XOH Trader-based platform developed by X Open Hub. It is a user-friendly, fully customizable platform equipped with many technical analysis tools and advanced charting packages. xStation also supports one-click trading, with the ability to trade directly from the charts. Additionally, several account management and social trading solutions are available within the xStation platform.
Deposit and Withdrawal of Sandton Direct
Sandton Direct supports traders to deposit and withdraw funds to their investment accounts via wire transfer, VISA, MasterCard, Bitcoin.
