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SDFX Global
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Updated on Apr 11, 2024
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Hello, fellow investor! This review will give our honest opinion of SDFX Global, an unregulated broker specialising in forex trading that promises high returns on investment.

SDFX Global offers trading in the currency markets. However, when writing this article, the company’s website hardly provides information on its trading terms, account opening process, etc. Comparing terms and conditions before you open an account is vital to getting the most out of your trading account.

SDFX Global’s financial markets activities are not regulated by any government body. This is a major red flag that should not be ignored.

Is SDFX Global safe?

Having a reputable regulator in place is a non-negotiable precondition when choosing a stock broker. As such, we do not recommend opening an account with SDFX Global.

As a general note, you should always be sceptical of brokers promising high returns, regardless of whether it is SDFX Global or another broker. Considering SDFX Global is particularly active in Asia and specifically India, we will use the country as an example of what you could reasonably expect to make in the markets:

  • Indian government bonds currently yield around 7% per year.
  • The iShares India 50 ETF has returned around 9% over the past 10 years.

As you can tell, any broker promising you high single-digit returns every month (online reports claim SDFX Global used to offer 8% a month) is to be taken very sceptically.

Considering all of the above, we strongly recommend you consider alternative brokers if you are looking to trade on the financial markets.

Read on to find our top alternative picks!

Is SDFX Global real or fake?

Given that SDFX Global is not regulated by any financial institution, we can confidently say that SDFX Global should not be trusted.

The high returns offered are highly suspicious and most probably not real.

As you can see for yourself, the broker’s website lists random text at the bottom of its webpage, where industry practice is to place the name of the regulatory body:

View from SDFX Global website


From what you have read on SDFX Global, it is normal to be disappointed, but don’t worry, we have you covered! Solid alternative brokers are available!

You can read all our broker reviews here, while below, we will list our top picks for alternative brokers available in India (if you live outside India, chances are Interactive Brokers is still available in your country).

SDFX Global alternatives for 2024

  1. Interactive Brokers: Best overall broker
  2. Zerodha: Most used platform in India and best app
  3. ICICI Direct: Best for professional investors
  4. Groww: Best for low fees
  5. INDMoney: Best for financial management features
Broker Minimum deposit US stock fees
Interactive Brokers $500 (or equivalent in INR) Between $0.0005 and $0.0035 per US share (min. $0.35)
Zerodha ₹0 Between 0% and 0.03% per order, depending on the product
ICICI Direct ₹0 Between $0 and $2.75 per trade, depending on your subscription plan
Groww ₹0 $0.02 per sell charged by exchange
INDmoney ₹0 0.15%

Bottom line

With SDFX Global’s website no longer providing adequate information, there is no way to make a fair evaluation of the broker’s terms and conditions.

The lack of clear regulatory oversight is another glaring red flag for us, as without a regulator,  investors cannot be assured their trades are dealt with according to the best industry practice.  At the end of the day, who will you raise your concerns with if things go wrong?

Considering the regulatory issues and the lack of clear trading terms and conditions, we strongly suggest you consider alternative brokers to SDFX Global.

Even with the best brokers, it is a wise choice to diversify your trading exposure with competitors. In that way, should one broker fail, you will still have access to your other broker’s account!

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About the author
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Ivo Kolchev
Investor & Finance Writer

Ivo is a former portfolio manager and financial advisor, turned into a freelance finance writer and stock trader. He enjoys following the financial markets and have invested for over ten years.