Cryptocurrency Exchanges

Sanon Capital

1.5 (15 reviews)
🇳🇿 New Zealand
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1.5
15 reviews
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About Sanon Capital

Sanon Capital has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". Sanon Capital claims to offer an online trading platform for users to trade cryptocurrencies, stocks, and other assets. This is a fraudulent trading platform being used as part of an investment scam. Sanon Capital is not registered on the Financial Service Providers Register and it is not authori... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Never again with Sanon Capital

J
Jessica V.
1 months ago

My withdrawal from Sanon Capital was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since early this year of being strung along.

Pros: High security standards|Tax reports included|Competitive fees

Cons: Alert system is basic|Limited social trading features

Balance went negative they want it back

B
Brooke G.
2 months ago

I lost a significant amount because Sanon Capital did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.

Pros: Regular platform improvements|High security standards

Cons: Alert system is basic|No live chat on mobile

Learning experience at my expense

L
Lauren F.
2 months ago

The hidden fees at Sanon Capital are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.

Pros: Customizable dashboard|Clear documentation|Tax reports included

Cons: Nothing significant|Website design could be more modern

Market maker conflict

G
Gabrielle K.
3 months ago

After spending since last summer trying to make Sanon Capital work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.

Pros: Good mobile app|Responsive team|Fast deposits

Cons: No fractional shares

They sell your data

R
Rachel H.
3 months ago

Sanon Capital had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.

Pros: Instant funding|No hidden fees|Copy trading available|Competitive fees

Cons: Help articles are sometimes vague

Customer service does not exist

B
Brooke H.
4 months ago

My withdrawal request from Sanon Capital has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.

Pros: Customizable dashboard|Fast support response|Copy trading available|Social trading features

Cons: Wait times can be long during peak hours|Help articles are sometimes vague

Red flags everywhere

J
Jessica N.
5 months ago

After seeing ads for Sanon Capital online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Markets Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.

Pros: Website looks legitimate on the surface

Cons: Flagged by Financial Markets Authority|Cannot verify credentials

Listed in warning databases - be aware

R
Robert T.
5 months ago

I looked into Sanon Capital and found they appear in the regulatory warnings database. Financial Markets Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.

Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction

Warning to all investors

P
Paul N.
5 months ago

I invested $2,000 with Sanon Capital after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Markets Authority.

Pros: Initially responsive customer service

Cons: Lost entire investment|Reported to authorities|Unresponsive

No MT4/MT5 export

E
Ella F.
5 months ago

The platform itself is okay, but the customer service at Sanon Capital is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.

Pros: Wide product range|Great customer service

Cons: Alert system is basic|None so far