SENTINEL Review 1
SENTINEL banned my account and absconded.




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SENTINEL banned my account and absconded.
In this comprehensive review of Sentinel, we uncover a plethora of concerns surrounding this forex broker, primarily categorized as unregulated and potentially fraudulent. Despite claiming to offer high leverage and a range of trading options, the overall sentiment is overwhelmingly negative, with significant red flags regarding its legitimacy and user safety.
Note: It is crucial to recognize that there are different entities operating under the name "Sentinel," which may lead to confusion among users. This review focuses on the entity identified as Sentinel Growth Portfolio Ltd, which has been flagged for misleading claims about regulatory compliance.
Category | Rating (out of 10) |
---|---|
Account Conditions | 2 |
Tools and Resources | 3 |
Customer Service and Support | 4 |
Trading Setup (Experience) | 3 |
Trustworthiness | 1 |
User Experience | 2 |
We score brokers based on a combination of user feedback, expert analysis, and factual data.
Founded in 2018, Sentinel Growth Portfolio Ltd presents itself as a UK-based financial services provider, offering various trading instruments, including forex, CFDs, and commodities. However, the broker's claims of being regulated by the UK's Financial Conduct Authority (FCA) are unfounded, as it has been blacklisted as a clone firm attempting to mislead investors about its legitimacy. The trading platform is not specified, and many reviews indicate a lack of transparency regarding the trading conditions and fees.
Sentinel operates without proper regulation, which is a significant concern for potential investors. The broker falsely claims to be regulated by the FCA, which has led to its classification as a scam. According to multiple sources, including ForexBrokerz, the FCA has publicly blacklisted Sentinel for its misleading practices.
The information regarding accepted deposit and withdrawal currencies is not clearly stated on Sentinel's website. This lack of transparency raises questions about the broker's operations and user safety.
Sentinel requires a staggering minimum deposit of $15,000 for its basic account type, which is significantly higher than the industry standard of $100 to $250. This high entry barrier is often associated with unregulated brokers seeking to exploit unsuspecting traders.
Details regarding any bonuses or promotions offered by Sentinel are scarce. Typically, reputable brokers provide clear information on promotional offers, which is absent in this case.
Sentinel claims to offer a variety of asset classes, including forex, CFDs, commodities, and indices. However, the lack of transparency regarding specific instruments and trading conditions raises doubts about the broker's credibility.
One of the significant drawbacks highlighted in the reviews is the absence of disclosed spreads and commissions. As noted by PediaFX, the lack of transparency in pricing is a common trait among scam brokers.
Sentinel offers high leverage ratios, with up to 1:500 for its VIP accounts. While high leverage can attract traders looking for aggressive strategies, it also significantly increases the risk of substantial losses, especially with an unregulated broker.
The trading platform used by Sentinel is not specified, which is concerning for potential users. Most reputable brokers offer well-known platforms like MetaTrader 4 or 5, which are absent in Sentinel's offerings.
Sentinel does not provide clear information about restricted regions, but given its unregulated status, it is advisable for traders from all jurisdictions to exercise caution.
Sentinel reportedly offers customer support in English, but the quality and responsiveness of this support have been questioned in various reviews. For instance, a complaint noted by WikiFX indicated that users had difficulty contacting the broker when issues arose.
Category | Rating (out of 10) |
---|---|
Account Conditions | 2 |
Tools and Resources | 3 |
Customer Service and Support | 4 |
Trading Setup (Experience) | 3 |
Trustworthiness | 1 |
User Experience | 2 |
Account Conditions: The minimum deposit requirement of $15,000 is exorbitantly high, particularly for a broker with questionable legitimacy. This factor alone warrants a low score, as it effectively bars many retail traders from accessing the platform.
Tools and Resources: The lack of a specified trading platform and missing details regarding trading tools reflect poorly on Sentinel's transparency. Users are left in the dark about the resources available to them.
Customer Service and Support: While the broker claims to offer customer support, user reviews indicate a lack of responsiveness, which is critical for traders needing assistance.
Trading Setup (Experience): Given the opaque nature of the trading conditions and platform, user experience is likely to be frustrating, leading to a low score in this category.
Trustworthiness: The numerous red flags surrounding Sentinel's regulatory status and user complaints about fund withdrawals contribute to an extremely low trust rating.
User Experience: Overall, the experience for users appears to be negative, with many reports of difficulties in accessing funds and a lack of clarity in trading conditions.
In conclusion, the Sentinel review reveals a broker fraught with issues that potential investors should be wary of. The lack of regulation, high minimum deposit requirements, and unclear trading conditions paint a troubling picture. For those considering trading with Sentinel, we strongly advise conducting thorough research and considering more reputable, regulated alternatives.
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