SanderFX – The company describes itself on its website as a contact point for investors and according to self-disclosure offers access to more than 100 global trading assets. SanderFX is currently working on the further development of trading.

In addition, SanderFX offers trading in commodities, cryptocurrencies and shares, among others. If you are thinking about investing with SanderFX or if you are already a customer of SanderFX and trade online, the following considerations are certainly important:

  • Is the company SanderFX to be considered trustworthy?
  • What experiences have other investors had with SanderFX so far?
  • Is SanderFX licensed by an official European financial regulator?
  • What courses of action can SanderFX customers possibly take in the event of losses?

Our lawyers have prepared the answers to these very questions in this article on the subject of SanderFX.

Table of contents

  1. SanderFX review – reputable trading platform?
  2. SanderFX Website
  3. Contact SanderFX
  4. SanderFX License
  5. Regulatory warning from financial regulators about SanderFX
  6. Online trading tips
  7. How to behave in case of losses?

Parallel to the question of whether SanderFX offers a serious offer, it is elementary to deal with the basics for successful trading. Our legal advisors will also explain how SanderFX compares to other investment opportunities. In addition, we will assist and support you with detailed questions and disputes related to SanderFX.

SanderFX rating – serious trading platform?

At SanderFX there are over 50 different withdrawal methods. Furthermore, the minimum deposit is 1,000 US dollars. In addition, the company offers not only trading strategies, but also tutorials. To give customers a better impression, they have the option of opening a demo account. No investments are necessary for this in advance.

SanderFX Internet Presence

The company SanderFX can be reached via the English website

Operating company and trademark

The name of the website, the platform or the offer is not necessarily congruent with the operating company. In the past, it has happened in many cases that companies operate in parallel with numerous trademarks.

In addition, it is common practice for certain operators to shut down the websites of incriminated trademarks and to return to the market in the near future using a different trademark. Therefore, when researching news and facts about a service provider, one is well advised to always include the operating company in addition to the trademark.

The respective information can be found either in the imprint or often also in the footer of a website. The footer of the company’s website states that SanderFX is registered at two different locations:

  1. On the one hand, SanderFX is incorporated in St Vincent & the Grenadines with registration number 793 LLC 2021.
  2. On the other hand, the company can be found at C/O LC02 503, Choc Bay, Castries, St Lucia with registration number 2019-00207.

Imprint details

In Germany, according to §5 of the German Telemedia Act (TMG), there are basic obligations to provide information and mandatory details for the imprint. Consequently, this obligation to “identify the provider” applies to all commercially operated internet presences.

This is because this data is intended to inform visitors to a website who they are dealing with. Last but not least, the summonable address of the website owner plays a role here, in case legal claims are to be enforced against him.

Also relevant in this context is the fact that the obligation to maintain an imprint also applies to foreign providers who carry out their business activities in this country. At the time of March 2022, there was no imprint on the website of SanderFX.


According to §6 of the State Media Treaty (MDStV), the name of the person responsible for the content of the website must be stated in the imprint. This is often a member of the management board of the company.

Identifying the persons responsible by name is not only an obligation, but also a sign of transparency. As of March 2022, there is no information on the persons responsible for the content of SanderFX’s online presence.

Background to the domain

Some service providers use their many years of practical experience to pretend to be trustworthy. However, such statements are often contradicted by the registration date of the domain. Consequently, it is necessary to check who the domain holder is and in which year the domain was registered.

According to self-disclosure, SanderFX was launched in 2017. Our lawyers have determined the data on the provider SanderFX with this result on 10.03.2022: Domain name: Registry domain ID: 2658248431_DOMAIN_COM-VRSN Registrar WHOIS Server: Registrar URL:

Updated Date: 0001-01-01T00:00:00.00Z Creation Date: 2021-11-29T17:32:23.00Z Registrar Registration Expiration Date: 2022-11-29T17:32:23.00Z Registrar: NAMECHEAP INC Registrar IANA ID: 1068 Registrar Abuse Contact Email: Registrar Abuse Contact Phone: +1.9854014545

SanderFX Contact Details

The following information was found on the SanderFX website at the time of writing:

  • E-mail address of SanderFX: not available
  • Postal address of SanderFX: C/O LC02 503, Choc Bay, Castries, Saint Lucia
  • Telephone number of SanderFX: not available

SanderFX authorisation

The existence of a valid authorisation from an official European financial supervisory authority can be an important characteristic of whether a company is a trustworthy service provider. This is because a company has to go to great economic expense to obtain a licence.

However, it does not necessarily have to be fraud if a broker omits data on its authorisation or on its own regulatory status. The financial supervisory authorities listed here are responsible, among other things, for issuing licences and supervising financial service providers such as SanderFX:

  • FCA, United Kingdom (Financial Conduct Authority)
  • BaFin, Germany (Federal Financial Supervisory Authority)
  • CNMV, Spain (Comisión Nacional de Mercado de Valores)

On its own website in the footer section, SanderFX claims to be regulated by the FMRRC – an independent self-regulatory agency. The licence number is TSRF RU 0395 AA V0174. Information that SanderFX was regulated by an official European financial supervisory authority was not available at the time of writing.

Regulatory alert from the FCA in the UK on SanderFX

On 11/2/2022, the FCA published a regulatory alert on SanderFX at the URL The URL could be accessed on 10/03/2022.

According to the warning, the FCA advises against cooperating with SanderFX. In this context, the suspicion is that SanderFX is offering financial services in the UK without authorisation.

Before you start trading with SanderFX and others – trading advice

Trading on online platforms such as SanderFX is the extension of traditional trading in financial instruments to the web. Here, as there, investors operate on the premise of generating surpluses through the purchase and sale of assets. Trading is no longer limited to shares. In fact, investors also have these options at their disposal, for example:

  • Foreign exchange trading
  • Commodities
  • ETFs
  • Precious metals
  • Time deposits
  • Contracts for Difference Trading
  • Funds
  • Cryptocurrencies such as Bitcoins and Altcoins, e.g. Ripple

Online trading is carried out via interfaces such as brokers (like SanderFX) or banking houses that offer their clients a special trading software solution. It is primarily the extensive technological advances that have made online trading today fast and convenient, and consequently as recognised as it is popular.

Advantages of online trading

Digitalisation is also changing the financial world considerably, especially with regard to trading such as at SanderFX. This is because trading has gained particularly significant speed due to the technical possibilities.

Whereas investors and traders used to have to conclude their orders by telephone call, fax or letter post, nowadays this can be done at the click of a mouse and at a fraction of the cost.

Criteria such as the length and type of trade, pricing and quantities or account details can now be clarified without a personal conversation between a broker like SanderFX and its customer. At the end of the day, the possibility of online trading has brought about numerous advantages:

  • The possibility of losses due to gaps is reduced.
  • The speed to execute trades has noticeably increased.
  • Transaction fees have gone down noticeably due to the elimination of face-to-face telephone support.
  • Online traders have numerous tools and various indicators at their disposal.
  • The basic stock of tradable assets is broader and deeper.
  • Learning documents on online trading, knowledge pools, analyses or trading courses are often offered out of the box.
  • Many tools can be applied automatically and instantly.

But online trading does not only provide investors with conveniences regarding the simple use of the platform. Above all, through analysis options, indicators and the many different tools, the investor enjoys significantly more comfort.

The times when you had to draw your own chart diagrams or make your own calculations are over. In the meantime, online traders can find a wide range of order types in their system, which they can execute themselves when day trading with their favourite broker of choice.

Crypto trading: Investment alternative for risk-averse investors?

But it is not only trading as such that has been strongly influenced by digitalisation. Because the unstoppable technologisation has provided online traders with a new field of action: trading with digital assets. The best-known cryptocurrencies include Bitcoin and Ethereum.

Bitcoin was the first cryptocurrency ever, which is why all other digital currencies are called “alt-coins”, i.e. alternative coins. There are now droves of tradable crypto assets and the landscape is exceedingly volatile. As a result, fresh coins enter the market regularly and many disappear just as quickly as they were released.

For investors, this entails opportunities as well as risks, which are, however, significantly amplified compared to conventional investments due to the constant ups and downs. Freshly issued cryptocurrencies are basically like a game at the roulette table for investors.

With a little luck, the stake can be multiplied to a large extent. However, the probability of losing the entire capital is also immensely high. Therefore, it might be a better choice for cautious traders to focus on the top 10 crypto stocks that have been traded for some time and have a relatively large market capitalisation.

Next Generation Crypto: Alternatives to Bitcoin and Ethereum Gain Interest

In addition to Bitcoin and Ethereum, the Binance Coin, Solana, Cardano or Ripple should be mentioned here. Cardano and Solana in particular can be considered more modern and future-oriented compared to Bitcoin and Ethereum.

While the former are the subject of discussion, especially in view of their energy-intensive “proof of work” mechanism, the latter are based on the less energy-intensive “proof of stake” mechanism. Moreover, the blockchain-based projects Cardano and Solana enable the use of so-called smart contracts.

Furthermore, other projects such as Solanart, a marketplace for so-called “non-fungible tokens”, or NFT for short, are emerging in the respective ecosystems. These can be used in decentralised finance (“DeFi”), for example.

There, they help to realise security mechanisms that assure the uniqueness of transactions and the correctness of each submitted order. The bottom line is that cryptocurrencies offer investors an extremely wide choice of assets to invest in.

However, crypto trading is mainly recommended for those investors who do not shy away from large risks. Moreover, the following also applies to crypto trading: be careful when choosing a provider.

Unfortunately, there are several documented cases of fraud and cybercrime in which crypto exchanges, i.e. stock exchanges for cryptocurrencies, have played a leading role.

SanderFX – the risks of online trading

Not all that glitters is gold, this statement also applies to online trading. Accordingly, apart from the advantages, there are also a number of disadvantages that interested investors should include in their considerations:

  • The emergence of fraudulent trading platforms has led to great risks of loss.
  • Investors should keep a constant eye on price movements.
  • Money investors should already be experienced in trading and pursue resilient strategies.
  • If wrong decisions are made, there is a risk of large deficits.
  • Compared to traditional trading, it is rather hectic.

Speculative day trading in particular is not suitable for capital investors who are dealing with the subject area of trading for the first time. This is because the risk of not correctly forecasting the development of prices is considerable, and because of the time pressure it is difficult to make corrections.

For this reason, this type of trading is more worthwhile for particularly knowledgeable private investors or those with a high affinity for risk. If you fall into this category, day trading is an option for achieving results in a timely manner. In addition, one benefits, for example, from the elimination of fees for holding positions overnight.

After all, such costs must also be included in an overall consideration of an investment. Likewise, one literally spares oneself the rude awakening in the morning in the event that there were rapid and drastic price changes. Such “gaps” arise quickly due to bad reports about a company.

On the other hand, one quickly sees success in the event that one can report a surplus at the end of a trading day. Furthermore, it is important for day traders to compare the trading fees of the different online brokers. Here it can pay off to decide on a flat amount in the form of a fixed rate.

This is particularly worthwhile if you trade with a high frequency and individually calculated order fees would significantly reduce your earnings.

Identify dangers

In order not to unnecessarily increase the dangers of online trading, it is advisable to check with which provider you want to be active on the markets. From the experience of our law firm, some questions have emerged that can be used to identify possible risks. With reference to the example of SanderFX, these would be as follows:

  • Are there reports on the experiences of other private investors, what is the opinion in forums?
  • Is SanderFX regulated by a European financial supervisory authority and is the provider subject to state supervision?
  • Are there any warnings from lawyers or law firms representing clients who have suffered losses in connection with SanderFX?
  • Is there an imprint on the SanderFX website and can credible statements about the provider’s place of business be found?
  • Does SanderFX promise unusually high profits or guaranteed returns and hide or downplay the dangers?
  • Is it possible to find official warnings about SanderFX?
  • Do exchanges with SanderFX result from an unsolicited phone call?

What to do in case of losses

If you suspect that you have been defrauded in trading, it is advisable to block additional payments immediately. This is especially true if the online broker recommends additional payments to compensate for losses. In addition, one should try to recover the lost capital.

In this regard, aggrieved investors can seek investor protection and turn to the lawyers of our law firm. We examine civil law as well as criminal law options and possible claims for damages against the financial provider and against involved payment service providers such as banking houses.

“It is no longer possible to speak of an individual case if a private investor loses money in online trading. Many investors are deceived by the professional behaviour of the financial providers and do not realise until it is too late that they are not responsible for their loss

Our advice is therefore not to resign, but to react promptly and actively. Because the prospect of recovering the lost money is usually greater than the aggrieved investors suspect. Would you like to talk to one of our lawyers about SanderFX? Then click here to go directly to our contact area.