Founded in 2009, Sandton Direct is an online trading broker with offices in Dubai and Saint Vincent and the Grenadines. They provide traders with the XOH Trader to enable them to trade forex and CFDs online. The broker operates the STP/ECN execution model, which eliminates conflict of interest and ensures optimum transparency. Traders also benefit from educational resources, and a knowledgeable client support team is available to assist at every point. The broker has deep liquidity that is sourced from top-tier liquidity providers, including X Open Hub. The minimum deposit required to operate a live account is $100.
Sandton Direct Review Introduction
In this Sandton Direct review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Sandton Direct.
Sandton Direct Platforms & Tools
Clients can trade the available assets via the XOH Trader, an advanced trading platform that is powered by X Open Hub. The platform is built with advanced trading capabilities, and it features some useful trading tools, such as bulk order closing functionality, interactive charts with technical indicators, complete trade management, an economic calendar, and real-time market news. The platform is available as a desktop application for Windows and Mac computer, a web version, and a mobile app that is designed for Android and iOS devices and can be downloaded from the respective app stores. The mobile trading app is beneficial for traders who wish to manage their trading accounts from anywhere, even when commuting by train.
Although there is no standalone trading tool on the broker’s website, the XOH Trader has more than enough built-in tools to satisfy even the most demanding traders.
Sandton Direct Research & Education
The broker’s website contains live audio feeds, news, and other educational materials that help to keep traders informed on the events that take place in the financial markets.
Sandton Direct Trading Accounts
Traders can create a single live account to begin trading. There is also a demo account for practice purposes. The minimum deposit required to operate a live account is $100.
Sandton Direct Account Funding
Traders can deposit and withdraw funds, to and from their trading accounts, using any of the following payment methods:
- Bank wire transfers
- Credit/Debit cards
Some payment methods may not be available in specific countries, while the time taken to process the transaction may vary depending on the payment method in use.
Sandton Direct Customer Service
Sandton Direct provides traders with a professional client support team to respond to their various trading inquiries. They can be contacted via telephone, email, and social media.
Sandton Direct Regulation
Sandton Direct is an FSA registered company (IBC21786) with registered offices in Saint Vincent and the Grenadines and Dubai, UAE (Sandton Limited) ICC20160204. Its liquidity providers are licensed by the Financial Conduct Authority (FCA) of the United Kingdom with the license number: FRN522157.
Sandton Direct Review Summary
Sandton Direct is an online financial services provider that offers access to trade the forex markets via an advanced trading platform powered by X Open Hub. The broker offers some educational resources and provides a client support team to assist traders. A live trading account can be opened with a minimum deposit requirement of $100. The broker’s liquidity providers are regulated by the FCA.
It is worth mentioning that some of the trading products and services in this Sandton Direct review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Sandton Direct broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.