SDFX Global’s name has gone up in the ranks of those who are recently venturing into the forex market. This is the reason why it is essential for one to verify that the brokers are safe and do not pose risks. Having put this review together, we have taken the platform’s features, services, safety measures and how users utilise the platform for traders to take wise investment decisions on whether to back the platform with their cash or not.
Table of Contents
Background and Platform Overview
SDFX Global is a very modern setup that helps its global traders regardless of their level of experience. According to the business, it offers customers trading of different financial instruments – it is the currency pairs, commodities, indices and cryptocurrencies. On their website, they also write that their main focus is to provide users with an opportunity to use excellent trading technology accompanied by a simple trading platform. At first glance all the site is professional, made and looks promising with narrow spreads, immediate execution and 24/5 assistance. At first sight, it looks like this; however, when we take a closer look at the matter, it turns out otherwise.
Features and Technology in Trading
When it comes to features, you will not have to install the platform offered to you by SDFX Global, as it can be accessed using any web browser. The arrangement is similar to the usual preparation of most offshore brokers in collecting their charting, quick trade, and live updates. While the trading interface is intuitive to use, they don’t have every feature available on either of MetaTrader 4 or MetaTrader 5.
Apart from performing trade during peak traffic on the site, we were able to trade on the platform without any hindrance. However, the platform does not offer features that could be of use to those traders who really need these advanced things. For those who like taking risks, the claim that SDFX Global offers 1:500 leverage may seem attractive, but this also tells us that strict risk is involved, along with a possible lack of supervision.
Description of Account Types and How to Open a New Account
SDFX Global provides a great number of account tiers, such as ECN NDD Pro Account, VIP Account and Pro Account, and the difference here relies on the volume that you are required to invest, as well as the spread promised. Although this structure is very popular in forex trading, what to observe here is that entry-level accounts normally demand a minimum deposit of $250. While it may not happen to be too high an amount, it actually is an essential point because, as with other known platforms, traders can start it with less money.
The process of the deposit is not that strenuous, because you can use some of the different card and wire options, as well as a few digital options. A few issues arise from the fact that not much is known about how the funds are handled and when they can be released. SDFX Global is totally confused about how their users get access to their funds and user trust; hence, they’re not very clear about that.
Rules and Reliability
The main problem that people have with SDFX Global is the fact that they are unsure of its regulatory status. At the time of writing this review, there is no trustworthy sign that SDFX Global has a license from a company like the FCA (of the U.K.) and other big financial organisations. However, we could not find their regulatory license number on the site, and when we tried asking for support regarding the same, we had general answers about it.
Many people are worried about the absence of regulations. Also, since these brokers are unregulated, there is no insurance on clients’ money and no clear or promised method to resolve disputes. The industry is not regulated by a law, making it risky for the users to trust the statement of the broker on anything of great value.
Customer Experience and Customer Support
Good support is a way of saying that the broker is genuine when he definitely has. SDFX Global offers you three ways of contacting their customer service: email, live chat, and the ticket system. During the testing, it was obvious that the live chat was slow in replying. The suggestions people gave me turned out to be many basic suggestions, which show that the support team could not sort out difficult trading problems.
There are no positive people’s experiences and statements about CSpace on the internet. Although some traders found their operations smooth at the start, later, they encountered certain issues. Some people have also mentioned some hitches they have had while trying to withdraw their funds after they have deposited a lot. As such, it makes people suspect SDFX Global’s dependability and honesty in acting.
Transparency and clear Educational Material
Almost every famous broker gives you free educational information and brings out all the significant things so as to ensure customer loyalty. However, despite SDFX Global having some tutorials and market updates, they seem to be rather slim and tedious at the same time. There is not much training or help via webinars as well, so it might be hard for beginners to derive success from trading. The problem is that the terms and conditions about bonuses, fees for making withdrawals and inactivity charges are hardly found on the site.
Conclusion
Since there is nothing to know about the regulatory rules, it looks attractive and offers a large range of trades. SDFX Global seems attractive at first glance. If your investment is small, then perhaps the platform would be sufficient, but the people who desire to invest large funds should preferably reconsider the decision.
As much as we have not tagged SDFX Global as a scam, the platform is missing a lot of important information about itself. The reason it is so critical in this industry is that trust counts the most, and hence, regulation is absolutely necessary. SDFX Global is not clear and does not have too many rules to operate by, so it’s still an unsafe speculation tool for gamblers.