Comprehensive Review of Sardis Global

Sardis Global is a brokerage firm that offers opportunities for margin and automated trading. It has high-leverage options, bonus programs, and a demo account for beginners. The company insists on the use of technical analysis tools and educational materials. Still, user reviews repeatedly express their suspicions regarding the reliability of this platform. Let us delve deeper to find out whether it is a trustworthy broker or another scam.

Highlights

Key Trading Features

Sardis Global boasts exclusive ETF trading solutions and also offers the opportunity to trade with higher leverage. Several account types are available: “Standart”, “Professional”, and *VIP”. Though they exist, there is not much difference in the feature lists between them.

The minimum deposit to open an account is $200. Clients can set leverage levels manually, and these vary from 1:20 to 1:400. If the trader decides to use the maximum level of leverage, they won’t be entitled to any form of bonus. Trading lot sizes range from 0.1 to 0.3 points. Spread for a standard account starts at 5 pips but can go down to 1 pip for deposits over $3,000.

Each account type has two major features. The first one is instant deposit processing, and the second one is timely withdrawal of funds within business hours. Even with such features, accounts have many drawbacks. The increase in the amount of deposit does not result in much additional advantages.

Overview of Available Trading Instruments

The company positions itself for active ETF trading and provides access to a basic range of assets: currency pairs, metals, indices, cryptocurrencies, and commodities. In reality, the range of instruments is poorer. The reason may be in the lack of contracts with liquidity providers, which narrows the circle of trading opportunities.

Additionally, Sardis Global claims to offer trading through Contracts for Difference (CFDs). This claim raises concerns, as CFDs can pose significant financial risks, especially when offered by brokers that do not operate under proper regulatory oversight.

Trading Platform Analysis

Sardis Global uses MetaTrader 5 as its default trading platform. MT5 is one of the most widely accepted and highly regarded trading terminals; it supports various tools like indicators, oscillators, and automated strategies. The platform is available both in desktop and portable versions, and the company provides download links on its website.

While MT5 is famous for its vast capabilities, a few users have reported numerous issues when trading with the dealer. Among these are lagging executions of orders and larger-than-average spreads. Given the capabilities of the platform, it would seem that the broker has crippled it somehow. Others even complained of manipulated trades, saying that the platform shows successful trades as some sort of scheme to entice more investments.

Additional Services

Other services from Sardis Global include bonus programs, educational materials, news and analytics. The company advertises bonuses, such as a trading tournament where one gets prizes for completing a certain amount of trades on the platform. In fact, those seem to be rather promotional offers aimed at luring new users than benefits in the real sense.

From an educational point of view, this brokerage company offers only some kind of glossary, which includes brief definitions of the trading terms. That resource is too shallow to be of any practical value, especially for beginners who need more substantial learning tools.

The web resource also has a section for news updates, but new articles appear very rarely. In addition, analytical tools, indicators, and strategies are advertised, but absolutely no details are provided about the rules of their use or the conditions of application. The dealer doesn’t have a cashback system, but traders can take part in an IB partnership program, thanks to which they will be able to earn extra money.

Fee Structure

Sardis Global is very non-transparent about commissions and fees. The information on charges can be found in a document on the website, which is available only in Turkish and thus inaccessible to most of the users.

There are a number of limitations concerning the withdrawal of funds. The clients are required to pass obligatory verification of their accounts; the withdrawals are processed on business days only. Besides, there is a fixed withdrawal fee of 25%. When depositing funds, the company may take unspecified commission charges at its discretion.

Specific information about trading fees is deliberately withheld. While the broker claims that commissions for using the MetaTrader 5 platform are minimal, there is no transparency about the actual amounts. Copy-trading services follow a formula that combines a performance-based fee, client profits, and a fixed commission.

Legitimacy of Sardis Global

Sardis Global claims to be a law-abiding company that meets all its obligations toward the clients. However, upon closer inspection, serious doubts arise about the broker’s credibility.

The “Documents” section of the website mentions the registration of a legal entity with a relevant UK authority. Upon closer inspection, it appears that the company is abusing the name of an unrelated brand to create the impression of legitimacy.

Regarding licenses from offshore or European regulators, the Terms of Use (as we remember, in Turkish only) mention Sardis GLOBAL LTD, registered in the Comoros Islands. The local regulator MISA has indeed issued a license in May 2024, but it’s too early to rejoice, because… this unreputable body actually sells permits to anyone able to buy them.

The broker provides several office addresses, but these seem to be randomly picked and cannot be verified, including one in Montenegro. This appears to be a trick to reassure unsuspecting traders that this is a legitimate platform where they can safely deposit money.

Company History

The Sardis Global website only has general descriptions of the supposed benefits and extra services. There is no specific information about the history of the company’s operations, management, or any kind of security for the clients.

Domain name verification shows that the dealer has been set up in the middle of 2024, which corresponds to a significant number of negative user reviews and low popularity of the trading platform. The use of Turkish-language documents and partial translations of website pages show just the same lack of professionalism and global orientation.

Conclusion

Sardis Global operates under a weak regulatory license and maintains unfavorable trading conditions for clients. The general opinion of users is dissatisfaction; they cite hidden fees, delayed fund withdrawals, and a lack of transactional transparency. The broker cannot guarantee reliability, and its bonus programs and features described in the advertisements are not at all justified. Based on all the factors mentioned above, you should avoid working with a dealer.

Weighing the Pros and Cons

Common Questions