Sardis Global's home page tells you your capital is 100% safe in segregated vaults at regulated banks. The contract says the opposite. Your money goes into the company's own bank accounts and cannot be separated from its funds or from other clients' money.
Why this matters
If Sardis Global fails, or a payment partner freezes an account, your deposit sits in one pool with the company's own cash. The contract names no bank, no trustee and no compensation scheme.
Exhibit 1Every flagged clause gets its own number so you can point at this one. The number does not change, so a link to it keeps working.CriticalHow much this clause can cost you, in our reading. Critical can take your money or your profit. Warning can delay or limit it. Notice is simply worth knowing before you sign.Rarely seenHow ordinary this wording looks next to the contracts we read. This is our reading of the clause, not a count of other brokers.100%The figure this clause puts a number on, taken from the broker's own words.
Funds posted to your account are transferred to funds held by the Company in Europe and Asia (not offshore regions). are deposited into bank accounts at banks and credit institutions, and are transferred to our own funds and other funds of the service. cannot be separated from other funds, including the funds of its users.
Buried at section 119 of 181 in the Terms of Use, 66% of the way through.We counted the numbered sections in the Terms of Use. This clause sits in section 119 of 181, about 66% of the way through. A fee written on the first page and the same fee written near the end are not the same disclosure.
Firms licensed by the FCA or CySEC must hold retail client money apart from the firm's own money, and must be able to identify each client's share at any time. This contract says the funds cannot be separated.
sardis is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.
Our readingOur own comment on the clause, not the broker's words. Anything we quote is marked as a quotation.Most retail brokers claim segregation whether or not they deliver it. Sardis Global writes the denial into its own contract, in a sentence saying client funds cannot be separated from company funds.
- Worse together with Exhibit 4Read these two clauses together. Each one costs more because the other exists.Money held in the company's own pool is money you can only reach through a withdrawal the company may refuse on suspicion.
- Same clause as Exhibit 14Both findings come from the same clause in the document.The paragraph that commingles the funds is also the one saying Sardis Global hedges your positions in whole or in part.