Sentry Derivatives Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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CBI Suspicious Clone 
I have been using Sentry Derivatives Invest for a while now, and my trading experience so far is pretty good. You can choose from 40 different forex pairs to trade with.
Sentry Derivatives has garnered a significant amount of attention in the forex trading community, but opinions about its legitimacy and reliability are far from unanimous. This review synthesizes various sources to provide a comprehensive evaluation of Sentry Derivatives, highlighting key features and concerns that potential investors should be aware of.
Note: It is crucial to understand that Sentry Derivatives operates under multiple entities across different regions, which can complicate regulatory oversight and consumer protection. This review employs a meticulous approach to ensure fairness and accuracy in the evaluation.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 3 |
| Customer Service and Support | 5 |
| Trading Environment | 4 |
| Trustworthiness | 2 |
| User Experience | 3 |
| Additional Rating (Regulation) | 1 |
How We Rate Brokers: Ratings are based on a combination of user experiences, expert opinions, and factual data gathered from multiple credible sources.
Founded in 2019, Sentry Derivatives presents itself as a forex broker registered in Ireland. It claims to provide access to over 40 currency pairs, but the lack of a reputable regulatory framework raises significant concerns. The broker does not offer popular trading platforms like MT4 or MT5, instead opting for a proprietary web trading platform. This choice may limit the trading experience for many users accustomed to more established platforms. Furthermore, Sentry Derivatives claims to operate under the license of Ava Trade EU Limited, regulated by the Central Bank of Ireland. However, this license has been flagged as a "suspicious clone," suggesting that potential investors should exercise caution.
Regulatory Status: Sentry Derivatives operates in an unregulated environment, which poses substantial risks for investors. The absence of oversight from recognized financial authorities, such as the FCA or ASIC, means that there are no guarantees regarding the safety of client funds. According to WikiFX, the broker's regulatory index is alarmingly low, raising serious red flags about its legitimacy (source).
Deposit/Withdrawal Currencies: The review does not specify the currencies available for deposits or withdrawals, which can be a significant factor for international traders. Furthermore, the lack of clarity around withdrawal processes has led to complaints from users who reported difficulties in accessing their funds.
Minimum Deposit: There is no clear information regarding the minimum deposit required to open a live account with Sentry Derivatives. This lack of transparency can deter potential investors who prefer to know upfront what their financial commitment would be.
Bonuses/Promotions: The broker does not appear to offer any bonuses or promotional incentives, which is often a common practice among more reputable brokers to attract new clients.
Tradeable Asset Classes: Sentry Derivatives primarily focuses on forex trading, providing access to over 40 currency pairs. However, it does not offer other asset classes like commodities, indices, or stocks, which may limit trading opportunities for diversified investors.
Costs (Spreads, Fees, Commissions): The review indicates that live spreads on specific trading instruments are not available on the broker's website. This lack of information can create uncertainty regarding the overall cost of trading with Sentry Derivatives.
Leverage: No trading leverage is mentioned on the Sentry Derivatives platform. This is particularly concerning, as leverage can significantly amplify both potential gains and losses. Experts recommend that inexperienced traders should be cautious and consider lower leverage ratios until they gain more experience.
Allowed Trading Platforms: Sentry Derivatives does not support widely-used platforms like MT4 or MT5, which can be a significant drawback for traders who prefer the functionalities and user interfaces of these platforms. Instead, it offers a proprietary web trading platform, which may not provide the same level of features or reliability.
Restricted Regions: The review does not specify any regions where Sentry Derivatives is restricted, but the lack of regulatory oversight could imply that it operates in a broader range of regions than more reputable brokers.
Available Customer Service Languages: Customer service is reportedly available in multiple languages, but the effectiveness and responsiveness of this support have been called into question, particularly in light of user complaints regarding withdrawal issues.
Account Conditions: With a score of 4, the account conditions at Sentry Derivatives are considered below average, primarily due to the lack of transparency regarding minimum deposits and withdrawal processes.
Tools and Resources: Scoring only 3, the broker's tools and resources are limited, lacking the extensive educational materials and market analysis often provided by more established brokers.
Customer Service and Support: A score of 5 reflects average customer service, but the frequent complaints about withdrawal issues suggest that this area needs improvement.
Trading Environment: The trading environment receives a score of 4, as the absence of popular trading platforms and unclear fee structures can deter potential traders.
Trustworthiness: With a low score of 2, Sentry Derivatives raises significant concerns regarding its legitimacy, primarily due to its unregulated status and the suspicious nature of its claimed regulatory license.
User Experience: Scoring only 3, user experiences have been mixed at best, with multiple reports of withdrawal difficulties and a lack of reliable customer support.
In conclusion, the Sentry Derivatives review highlights numerous concerns regarding the broker's legitimacy and reliability. The lack of regulation, transparency, and user-friendly features makes it a risky choice for potential investors. As always, conducting thorough research and considering safer, regulated options is crucial before making any investment decisions.
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