Sardis Global Review and Website Analysis

Some new Forex/CFD brokers make a great effort not to appear as scammers. They even go so far as to obtain licenses from offshore jurisdictions, such as Mwali (Comoros Union). In our Sardis Global review, we discuss one such broker. At first glance, the young company seems to have found its place: its website features a video montage of its participation in Forex Expo 2024; a promotion where winners will officially receive a Tesla Model Y; and one of the best modern trading terminals, MetaTrader 5. However, in reality, things are far from as good as they seem. Is this firm trustworthy, or will funds sent to its accounts be lost? We’ll answer this essential question in detail below.

Brief Overview

• 🖥Official Website: https://sardisglobal.com/
• ✈️Contact Address: Ulica Vladike Vasariona Borilvica, ulaz H, stan br.3 Podgorica Montenegro 81000; Bonovo Road – Fomboni Island of Mohéli – Comoros Union
• 📞Customer Support: [email protected]; +38268437565
• 🔐Licensing and Accreditation: MISA (Mwali, Comoros Union)
• ⏳Track Record: since 2024
• 🧰Specialization: Forex & CFD broker
• 🤝Terms of Cooperation: min deposit $200, leverage from 1:20 up to 1:400
• 💰Additional Services: no

Sardisglobal.com Examination

When visiting the official Sardis Global website, attention is immediately drawn to a video montage showing the broker’s participation in Forex Expo 2024. Next, there’s an unmissable banner advertising the Tesla campaign, where Tesla Model Y cars are offered as prizes. For newcomers, this may be enough to overlook other site content.

As a result, they might miss significant issues with the content. Here are some notable examples:

• The Daily Newsletter page in the Research section greets users with the optimistic message “Coming Soon.”
• In the same Research section, the broker promises daily market analysis, but at the time of writing, the latest materials were two weeks old.
• The US Stocks and EU Stocks links in the footer lead to error pages, providing access to parts of the website’s source code.
• The Spread Rates link in the footer leads to a page showing trading fees of $10 per transaction rather than any spread information. Although Sardis Global presents itself as an ECN broker (suggesting it trades without spreads), how should we interpret the spread sizes in the account types table?

These are only the major issues visible to any visitor navigating the site sardisglobal.com. Imagine how many minor mistakes there might be. Could a reputable, regulated broker afford this level of carelessness? It’s highly doubtful.

Company Contacts

The contact details on the Sardis Global website look solid enough. Users will find:

• A contact form.
• A postal address for the head office in Montenegro and a registration address in Comoros Union.
• A phone number with the Montenegro country code.
• An email address for support.

Moreover, an online chat window is available on all pages, and the footer contains links to the broker’s social media groups and channels.

However, upon closer inspection, these details raise some interesting questions. For example:

• The registration address is incomplete: it only lists the island of Moheli (Mwali), the city of Fomboni, and Bonovo Road. The broker evidently saw no need for further detail.
• The head office lacks a landline phone, as the Montenegro number provided belongs to the mobile operator M.Tel.
• The chat window states that operators are online and respond within minutes, but our request remained unanswered for over four hours.
• The company has no presence on X (formerly Twitter), its WhatsApp account is linked to a Louisiana, USA number (+1 318-333-9120), and its Telegram channel lacks any contact information. The posts were signed “Sardis Markets” until October 28, 2024, when the name changed to Sardis Global.

These might seem minor issues, but they suggest that Sardis Global is either intentionally misleading clients or providing incomplete information. Can a company like this be trusted?

Key Conditions

The broker has published some trading conditions in the account types table. Users will find information on the minimum deposit amount, leverage (uniform across all Sardis Global accounts, ranging from 1:20 to 1:400), spreads, and the minimum trade size.

The company offers three account types:

• «Standart». Minimum deposit of $200, minimum lot size of 0.01 standard lot, spread — average + 5 pips.
• Professional. Minimum deposit of $3,000, minimum lot size of 0.03 standard lot, spread — average + 1 pip.
• VIP. Minimum deposit of $10,000, minimum lot size of 0.1 standard lot, spread — average + 1 pip.

We would certainly like to know the actual average spreads involved, but as previously mentioned, the Spread Rates table lists only $10 per lot trading fees for all markets and account types.

Users should also note an expanded set of tariff plans compared to those currently available. While a broker can optimize its account types as it sees fit, one has to question why the site information hasn’t been updated.

The spreads on the existing account types are concerning. For instance, the Standard account includes a 5 pip + average spread. Even if the average spread were zero (which would be typical for an ECN broker), the result is still 5 pips. It would be challenging to find a trader willing to trade under such conditions. To us, this signals Sardis Global’s unchecked greed. The firm is clearly incentivized to encourage clients to upgrade to higher-tier accounts, bringing in at least $3,000 instead of $200. However, we find this approach anything but reasonable.

Speaking of greed, take a closer look at the Tesla campaign conditions. To win a Tesla Model Y, clients need to complete 10,000 standard lots within just three and a half months. This requires a daily trading volume of 100 standard lots or $10,000,000. While achievable, it’s a tall order.

If we calculate the cost, the results are eye-opening. With a $10 commission per lot, a participant would pay $100,000 over the promotion’s timeframe (assuming they succeed). Meanwhile, in the U.S., the priciest Tesla Model Y Performance is valued at $52,490. This means that for every prize awarded, Sardis Global stands to gain nearly $50,000 in pure profit. It’s quite a lucrative campaign, where the “gift” costs participants twice its actual value. Factoring in the losses from those who don’t meet the main requirement and the capital lost by traders, we can conclude that buying a few cars for clients will yield substantial profit for the broker.

One final question remains about the company. It presents itself as an ECN broker but doesn’t specify which ECN network it uses. Of course, they could claim to have established their own network, but it’s difficult to believe. With such a limited operational history, Sardis Global would not have been able to attract enough clients and major liquidity providers for effective trading. The manual increase in spreads in the trading conditions indicates that their mention of ECN technology is likely just a lure for beginners. In reality, the broker operates using DD methods.

Exposing Sardis Global

The broker claims to operate under strict regulation. We would like to believe this, but certain facts suggest otherwise. For example, the maximum leverage of 1:400 for all clients, including retail, wouldn’t be approved by any reputable regulatory authority. Moreover, such authorities typically prohibit using bonuses as incentives, which the company prominently advertises on its website.

Before discussing licenses, let’s clarify the company’s registration. Here, too, there are interesting points. We’ll start with the age of Sardis Global. This is also noteworthy. Today, the broker operates under the domain sardisglobal.com, registered in June 2024, according to Whois.

However, it turns out the broker has been around longer than this. Evidence of this can be found in the creation date of their Telegram channel, established on April 27, 2023. This suggests that the company, and its trading platform, previously had a different name and website, running on sardismarkets.me, registered in April 2023. This would explain the long-standing channel and the name Sardis Markets on its posts. Back then, the company presented itself under this name.

The rebranding (if we can call it that) happened in June 2024. Why did they do this? The broker remains silent on this matter, not mentioning it anywhere. We suspect that this rebranding was due to a surge in online publications alleging the company did not ensure effective trading for clients and even failed to fulfill withdrawal requests. This was likely an unflattering reputation for the platform’s owners.

Initially, the broker operated as Sardis Markets, and its UK registration certificate is still linked in the site’s footer.

According to Companies House, the company was registered in April 2022 and has been dormant since its registration. In 2023, it received a warning of forced removal from the registry after failing to confirm its status on time. The owners corrected this in 2024.

We suspect that Sardis Markets Financial Software Services Limited (the real UK entity’s name) is not connected to the broker. Notably, it lacks an FCA license to provide brokerage/dealer services, making its operations dubious even with specified business types (SIC) in its founding documents.

Experienced traders and experts on investment platforms are well aware of this, hence the critical publications about the platform. However, the project’s creators found a way out. Now called Sardis Global LTD, the company is registered in Mwali (Moheli), Comoros Union, and has a local MISA license.

Though MISA’s license isn’t even recognized by the Banque Centrale des Comores, it’s inexpensive, imposes almost no restrictions on brokers, and allows them to claim they’re regulated.

Given this, we’re curious: who does Sardis Global serve? The website states it doesn’t accept traders from Turkey (though its main documents are in Turkish, and it maintains a Turkish Telegram account), the US, the UAE, and other countries where it isn’t authorized. Thus, it cannot offer services in Europe, Australia, most of Asia, North America, and many South American countries. So, where can it operate with its “prestigious” license and “strict” regulation?

What Reviews Do Users Leave?

There are very few Sardis Global reviews online‌ — ‌only about five publications on this broker across industry sites. All these authors uniformly claim that the company is untrustworthy, though they note it went to extra lengths to acquire a MISA license.

There are more articles about its previous identity, Sardis Markets. Here, user feedback alleges that the company doesn’t fulfill its obligations in trading or withdrawals. Experts assert it lacks registration, operates without a license, and is a typical scam. Although the platform’s owners have made some adjustments, we doubt their approach has become any more transparent or honest.

Conclusions

In today’s Sardis Global review, we looked at a Forex/CFD broker with a MISA license. We do not believe this company is a safe place to deposit funds. Initially operating under a different name, it faced registration issues and had no license to provide brokerage services. While it has resolved some of these issues, the offshore license has changed little in its approach to client interactions. Trading conditions remain highly unfavorable, and users cannot count on regulatory protection. We would not recommend depositing funds here, as the risks remain significant.

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