Sandai FX
Abstract：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 Review Summary | |
| Founded | 2020 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | Forex, Indices, Commodities, Shares, Cryptocurrencies, and other CFDs |
| Demo Account | ✅ |
| Leverage | 1:500 |
| EUR/USD Spread | From 0.4 pips (Standard account) |
| Trading Platform | MT4 |
| Min Deposit | $100 |
| Customer Support | Email: info@sandai-fx.com |
| Regional restriction | Japan |
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.
Pros and Cons
| Pros | Cons |
| Diverse tradable assets | No regulation |
| Multiple account types | Regional restrictions |
| Demo accounts | Only 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 Type | Min 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 Class | Max Leverage |
| Forex pairs | 1:500 |
| Indices | 1:100 |
| Commodities | |
| Shares | |
| Cryptocurrencies |
Spread
| Account Type | Spread |
| Standard | From 0.4 pips |
| PRO | From 0.2 pips |
| VIP | From 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 Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web and Mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Sandai accepts deposits via bank wire transfers, credit/debit cards, and e-wallets like Neteller and Skrill.
Read more
VEBSON Review: Do Traders Witness Withdrawal Denials & Trade Manipulation?
Do you constantly witness withdrawal denials by VEBSON, a Saint Lucia-based forex broker? Have you witnessed withdrawal denial only when you earn profits? Does the brokerage firm constantly push you into losses by manipulating your trades? Did you fail to receive payouts despite passing the challenge? These alleged issues have made their way to broker review platforms such as WikiFX. In this VEBSON review article, we have examined several such allegations against the trading firm. Take a look!
Land Prime Review: Is It Worth Your Investment?
Have you invested or are you willing to invest in Land Prime, a UK-based brokerage firm? You need to read this article, where we not only share the list of its brokerage products but also enlist both positive and negative feedback for the broker. It’s like a comprehensive Land Prime review, giving you an unbiased take of the broker so that you can make an informed decision whether to invest in it or not. Let’s begin examining the brokerage firm.
Blue Whale Markets Review: Is This Broker Legit or a Scam Now?
Read our Blue Whale Markets review to explore its regulation, login steps, and Forex trading features. Find out if it is a safe broker for your investment.
Exnova Review 2026: Is This Broker Regulated or a Major Risk
Read our comprehensive Exnova review. Explore Exnova regulation, login features, and Forex trading risks. Is this broker legitimate? Find facts here today!
WikiFX Broker
Latest News
DFSA Issues Warning Against Fraudulent Scams Using Fake Regulatory Information
WikiFXCTBC Securities Review: Is This Taiwan Broker Safe for Forex?
WikiFXQUOTEX Review: Recent Withdrawal Cases and Scam Alerts
WikiFXMtxotu Review 2026: Is this Forex Broker Legit or a Scam?
WikiFXWhy Malaysian Crypto Investors Should Pay Attention to Quantum Computing
WikiFXMEGA FUSION Review: Regulation, Licences and WikiScore Analysis
WikiFXSuxxessFX Review: Scam or Legit Broker? Unbiased Analysis
WikiFXEvest Review 2026: Is This Broker Regulated or a Scam?
WikiFXIs CITY INDEX Legit or a Scam? Read This In-depth Review
WikiFXPrince Group Scandal Deepens: $4 Billion Laundering Network Exposed
WikiFXRate Calc
