There’s another scam broker that has just popped up, hoping to swindle unsuspecting investors before vanishing into the thin air. Their name is SadeXGroup. Welcome to my unbiased Sadexg review, detailing the compelling evidence that exposes Sadexg as a scam broker.
sadexg.com
According to the company website(sadexg.com), SadeXGroup is supposedly a top-tier platform for trading forex, commodities, indices, cryptocurrencies, and shares.
Furthermore, the website claims that the broker offers 5 different account types—Standard, Bronze, Silver, Gold, Platinum with leverages ranging between 1:100 and 1:400, depending on the account type.
As if that were not enough, it also claims that this bogus platform runs across the three major computing platforms— Web, Mobile, and PC, similar to the Futu-Pro.org broker.
Sadexg.Com Review Part 2: Is Sadexg Broker Legit or a Scam?
For many gullible traders, these false claims give an impression of a serious financial brokerage platform you want to try out. Well, don’t because this is just another scam broker masquerading as a professional one.
Before putting together this independent Sadexg.com review, I carried out a thorough probe into this company and discovered that it’s nothing short of fraud. Here are some conclusive pieces of evidence, showing that this platform is a scam:
#1. SadeXGroup Dodgy about Its Exact Location
The product website claims that this company is a subsidiary of some company known as “SadeXGroup,” which supposedly operates within the European Economic Area(EEA). However, it doesn’t specify in which particular country this organization is based whether it be Cyprus, United Kingdom, Germany, Spain, France, Italy, or any other country within the block.
It’s worth noting that financial services brokers operating within the EEA are regulated by the financial regulator of the individual countries within the block. In other words, each country has its specific regulator.
To try and establish the country in which this broker is based, I clicked on the website’s Contact button. As expected, it provided vague feedback that says, “This site operates under the SadeXGroup brand name within the European Economic Area,” instead of providing the broker’s address details. Similarly, the About Us page did not provide this information.
Consequently, I concluded that this broker is being dodgy about their exact physical location. Do you know why they are being that way?
It’s because they don’t want potential clients to verify whether or not they are licensed and regulated.
As I said earlier, brokers operating within the EEA are controlled by the financial regulatory authorities of their respective countries. When a broker reveals their specific country, you’d simply go to their regulator’s website to quickly ascertain whether or not they’re licensed and regulated.
#2. The Use of a Fake Certification Logo
SadeXGroup displays a fake NQA certification logo, rather than more useful details such as licensing or company registration, on its website.
First and foremost, the NQA, which stands for the National Quality Assurance, is just a third-party global certification entity. It has no weight compared to government regulatory authorities such as the FCA, FMA, and the likes.
Any entity can display the NQA certification logo. It only takes downloading the logo from NQA’s website and inserting it into your website. It’s typically common for fraudsters to display fake certification details to earn customers’ trust.
#3. SadeXGroup Is Distrusted Even By Scamadviser
Scamadviser gives this platform a very low trust rating of 18 out of 100, warning that the website suspiciously has a very high number of reviews despite the domain being very young. It’s evident that those are paid reviews which falsely paint this broker in a good light.
#4. Broker Has Been Reported On YouTube To Be A Scam!!!
YouTube—Only two YouTube channels(Crypto Media and Broker News) have reviewed this broker, reporting them to be a scam. The company is relatively new and thus not well-known yet. Once it gets popular, lots of other negative reviews of it will probably pop up on YouTube.
#5. Broker Has Displayed A False Launch Year!!!
Another compelling evidence that this broker is a fraud is a false launch year. The copyright notice section falsely displays 2017 to be the year when SadeXGroup launched. This is misleading, because, according to scamadviser and three other domain age checkers, sadexg.com became active just recently, about 3 months ago.
Any broker who willfully provides false information is more likely hellbent on deceiving customers. If that’s not a scammer, then I don’t know what to call them!
#6. The Absence of Demo Trading
This broker doesn’t offer demo trading accounts. You can only open a real account and trade with actual money. While the absence of demo trading doesn’t necessarily mean that a broker is a scam, the presence of other proofs mentioned above in addition to it does.
Sadexg Broker Review Part 3: My Final Verdict On SadeXGroup
Sadexg.com is a new scam broker that is silently swindling unsuspecting clients. They are currently taking advantage of the fact that they are relatively new and therefore their fraudulent activities haven’t been reported widely enough yet.
This is a broker who has failed to reveal their exact location details. Unlike their legitimate counterparts, they have failed to obtain a license and adhere to set out regulations . Similarly, this is a broker who has maliciously provided misleading information on their website to deceive gullible traders.
Avoid this company and protect your hard-earned money.
Thank you for reading my unbiased review of Sadexg review. I hope it helped you dodge this fraudster’s bullet.
Pursue Lost Funds
Click here.