Sentinel, officially known as Sentinel Growth Portfolio Ltd, was established in 2003. The company is headquartered in Perth, Australia, and operates primarily as a private entity. It positions itself as a financial services provider, focusing on offering trading in a wide range of derivatives, including forex, CFDs, and commodities. The broker claims to cater to both retail and institutional clients, providing services that span across various financial markets.
Over the years, Sentinel has undergone several developments that have shaped its current operations. Despite its claims of being a reputable broker, it has faced scrutiny regarding its regulatory status and operational transparency. The firm has been associated with various controversies, particularly concerning its claims of regulation by the Financial Conduct Authority (FCA) in the UK, which have been proven false. This has raised significant concerns among potential investors about the legitimacy of its operations.
Sentinel operates under a business model that includes retail forex trading and institutional services, although it has been criticized for its high minimum deposit requirements and lack of transparency regarding trading conditions. The firm has also been linked to several other entities within the financial services sector, but specific details about these relationships remain unclear.
Sentinel is not regulated by any major financial authority, which is a significant red flag for potential investors. The firm has falsely claimed to be registered with the FCA, but this has been debunked as it operates without any valid regulatory oversight. The FCA has blacklisted Sentinel as a clone firm, indicating that it has illegally used the details of a properly regulated entity to mislead investors.
The absence of regulatory oversight raises concerns about the safety of client funds and the overall integrity of the broker's operations. Investors are advised to exercise caution and avoid engaging with unregulated brokers like Sentinel.
Sentinel offers a variety of trading products, primarily focusing on forex and CFDs. The broker claims to provide access to a wide range of financial instruments, including:
The lack of transparency regarding the range of products and services offered by Sentinel raises concerns about the broker's reliability and commitment to providing comprehensive trading solutions.
Sentinel does not support popular trading platforms such as MetaTrader 4 or MetaTrader 5, which are standard in the industry. Instead, it appears to offer a proprietary trading platform, although specific details about its features and functionalities are scarce.
The absence of well-known trading platforms and limited technological offerings may deter potential traders looking for reliable and feature-rich trading environments.
Sentinel offers several account types, each with specific trading conditions. However, the minimum deposit requirements are notably high, which may limit access for many retail traders.
The high minimum deposit requirements and lack of transparency in trading conditions may be off-putting for many potential clients.
Sentinel supports a limited range of deposit methods, reflecting its operational constraints. Here are the key points regarding fund management:
The lack of clarity surrounding fund management practices, especially regarding withdrawals, raises concerns about the broker's operational transparency and reliability.
Sentinel provides limited customer support options, which may hinder effective communication with clients.
The lack of comprehensive customer support and educational resources may limit the broker's appeal to both novice and experienced traders.
Sentinel's operational reach appears to be primarily within Australia, but specific details on regional coverage are sparse.
The unclear regional coverage and lack of detailed information may pose challenges for potential clients considering trading with Sentinel.
In conclusion, while Sentinel presents itself as a forex broker with various offerings, the lack of regulation, transparency, and clarity in its operations raises significant concerns for potential investors. It is crucial for traders to conduct thorough due diligence and consider these factors before engaging with the broker.
FX4262901832
Hong Kong
SENTINEL banned my account and absconded.
Exposure
2020-06-02