Score
SANDWIND
Australia|2-5 years| https://sandwindbx.com/
Website
Rating Index
Contact
Licenses
Licensed Institution：SANDWIND GLOBAL PTY LTD
License No.：001292352
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Australia
2-5 years Suspicious Regulatory License Suspicious Scope of Business Australia Appointed Representative(AR) Revoked High potential riskUsers who viewed SANDWIND also viewed..
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Website
sandwindbx.com
Server Location
Hong Kong
Website Domain Name
sandwindbx.com
Server IP
58.64.207.50
-
sandwindfx.com
Server Location
Japan
Website Domain Name
sandwindfx.com
Server IP
47.245.55.199
Company Summary
Note: SANDWIND's official website: https://sandwindbx.com/ is currently inaccessible normally.
| SANDWIND Review Summary | |
| Founded | / |
| Registered Country/Region | Australia |
| Regulation | ASIC (Revoked) |
| Market Instruments | Forex currency pairs, CFDs, indices, commodities |
| Demo Account | / |
| Spread | From 0.2 pips |
| Leverage | Up to 1:300 |
| Min Deposit | / |
| Trading Platform | MT5 |
| Customer Support | / |
SANDWIND Information
SANDWIND is an Australia-based online brokerage firm that offers trading services in forex currency pairs, CFDs, indices, commodities, gold, and oil. However, several concerning issues have emerged, including the revocation of its ASIC license (license number 001292352), an inaccessible website, lack of customer support, and 9 negative reports on WikiFX. You should be aware of these warning signals and get rid of such a possible scam broker.
Regulatory Status
SANDWIND's ASIC (Australia Securities & Investment Commission) licenses numbering at 001292352 is revoked, indicating possible expired regulation or violation of the institution's rules.
| Regulated Country | Regulator | Regulatory Status | Regulated Entity | License Type | License Number |
 | ASIC | Revoked | SANDWIND GLOBAL PTY LTD | Appointed Representative (AR) | '001292352 |
Downsides of SANDWIND
Unavailable website: SANDWIND's website is inaccessible, which can be a major inconvenience and raises questions about its operational stability.
Regulatory concerns: SANDWIND's ASIC license has been revoked, indicating less compliance to industry standards and overall legitimacy.
WiKiFX exposures on withdrawal issues: There are 9 reports on WikiFX regarding withdrawal problems, indicating difficulties in accessing funds and a lack of reliability in financial transactions.
Lack of customer support: SANDWIND offers no customer support channels, leaving traders without assistance or means to resolve issues when encountering problems.
Transparency issues: There's limited info about account details, spreads, commissions, etc.
What Can I Trade on SANDWIND?
SANDWIND provides trading services to several trading instruments, mainly in 5 asset classes.
Forex: Forex, or foreign exchange, is the global marketplace for trading national currencies against one another, facilitating international trade and investment. SANDWIND offers more than 35 currency pairs.
Commodities: Commodities are basic goods used in commerce that are interchangeable with other goods of the same type, such as precious metals as well as energyproducts like crude oil.
Indices: Indices are statistical measures that represent the performance of a group of stocks.
When dealing with investment activities, always adhere to the principle of diversification by allocating funds across various products rather than concentrating on a single one you feel optimistic about.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Leverage
The leverage offered by SANDWIND is capped at 1:300, which is higher than the standard usually below 1:30 set by EU regulators. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spread
On SANDWIND, spread starts from a tight level at 0.2 pips.
Trading Platform
SANDWIND boast the use of the industry-leading and widely used MetaTrader 5 (MT5) platform.
It is popular for user-friendly interface and robust features such as built-in charting options, technical indicators, automated trading through Expert Advisors (EAs) and advanced order management capabilities.
Deposit & Withdrawal
SANDWIND accepts multiple options to fund your accounts: credit/debit cards (Visa, Mastercard, and Maestro), Wire transfers, Skrill and VPay.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Australia Appointed Representative(AR) Revoked
- High potential risk
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FX2861636451
Australia
I'm not going to allow these criminals defraud any more people. They got deposit of my $55000 and deny me withdrawal and claimed it never reflected on their end. There was no way I could show they actually received that funds, i was able to withdraw with the action of AssetsClaimBack advisory it’s cruel that they wouldn't allow me withdraw my money after I made profitable transactions with them.
Exposure
2022-05-07
Susu Chen
Taiwan
I can’t access the website and withdraw after depositing money several times,, and the server is disconnected. Such a platform is not reliable.
Exposure
2021-11-11
FX3882763413
Taiwan
I entered MT5 to check the trading quotes at 7 pm that day, but an hour later I was unable to log in to my MT5 account, same for the platform. My money...
Exposure
2021-11-06
FX3882763413
Taiwan
At 8:00 pm 2022/11/4, I can't even enter MT5, do I need to change to a new platform? Where is my hard-earned money?
Exposure
2021-11-04
FX3882763413
Taiwan
It happened several times in 1 month. It was a platform of difficulty in withdrawal. I gained the money hardly. I would continue to invest if the withdrawal was successful. It could gain handling fees. Was it right? I was sad.
Exposure
2021-11-01
FX3882763413
Taiwan
It was said that it took 10 minutes and 2 days to deposit and withdraw, respectively. We wanted to invest and the platform gained the handling fee. But it scammed users, which disappointed me.
Exposure
2021-10-26
FX3882763413
Taiwan
I could withdraw in the first few days so I increased it to NT $400000. I withdrew $10000 on October 13 but it did not arrive on October 22. Did I only have to wait? I was so sad.
Exposure
2021-10-21
Abe Tan
Malaysia
They were using the name of Sunton Capital before and cheated so much money from there. I guess that’s why they can get their license now. Give us back our money and stop scamming new people! Guys please help to report this scammer !!
Exposure
2021-10-18
FX1440517392
Indonesia
dont believe this broker!
Exposure
2021-10-16