Saen Markets is a forex and CFD broker that claims to offer a wide range of trading instruments and platforms. However, there are many red flags that suggest that Saen Markets is a scam broker. This article will take a closer look at Saen Markets and provide a detailed review of its services.
Company Overview
Saen Markets is a relatively new broker, having been founded in 2022. The company is headquartered in Saint Vincent and the Grenadines, a jurisdiction with a weak regulatory environment. Saen Markets claims to be regulated by the Financial Services Authority of Saint Vincent and the Grenadines (FSA SVG), but this regulator is not considered to be credible.
There are plenty of negative reviews lime this is available on the internet. It is clear that their clients are not happy with them.
Does Saen Markets Have Any License?
Saen Markets claims to have a license from the United States National Futures Association (NFA), but this license is not valid. The NFA has confirmed that Saen Markets is not a registered member of the association.
Is Saen Markets Regulated By Any Authority?
No, Saen Markets is not regulated by any reputable financial authority. This means that there is no guarantee that Saen Markets is operating in a fair and transparent manner.
Saen Markets Pros and Cons
Pros:
- Wide range of trading instruments
- Multiple trading platforms
Cons:
- Not regulated by any reputable financial authority
- Numerous complaints from traders about withdrawals and customer support
- Shady business practices
Packages and Products They Offer
Saen Markets offers a variety of trading accounts, including standard accounts, ECN accounts, and VIP accounts. The broker also offers a range of trading instruments, including forex, CFDs on stocks, indices, and commodities.
Withdrawal and Deposit Method
Saen Markets offers a variety of deposit and withdrawal methods, including credit/debit cards, wire transfers, and e-wallets. However, there have been numerous complaints from traders about withdrawals being delayed or denied.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have any problems with Saen Markets, such as difficulty withdrawing your funds, you can contact us for a free consultation call. We can also recommend recovery services that can help you recover your lost funds.
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