The Official Website Of SAEN MARKETS Cannot Be Accessed Normally At The Moment. The Company Seems To Have Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Only.
2022-07-12 We Have Confirmed After Review That SAEN MARKETS Is An Unregulated Forex Broker
SAEN MARKETS Claims To Be An Experienced Forex Company, But Neither Provides Detailed Information About Its Corporate Office Address And Regulation, Nor Does It Provide Any Necessary Legal Documents (terms And Conditions, Risk Disclosures, Etc.). Lack Of Such Information May Be Characteristic Of Unlicensed Dealers, As Compliance Dealers Always Display Their Certifications And Operating Licenses In A Prominent Position. This Is A Red Flag.
Download Its Official MT4 Trading Platform And We Found That The Broker Is Located In The UK. According To UK Law, All Companies And Individuals Offering, Promoting Or Selling Financial Services Or Products In The UK Are Required To Obtain Authorisation Or Commercial Registration From The UK Financial Conduct Authority (FCA). However, We Did Not Find Any Results In The FCA That Matched SAEN MARKETS. This Means That SAEN MARKETS Is A Broker In The UK That Is Not Authorised To Provide Services.
Additionally, We Found Results In The US Regulator National Futures Association (NFA) That Matched SAEN MARKETS. But According To The Details Shown On The NFA, The Broker Is Not A Registered Member Of The Regulator And Is Not Effectively Regulated By The NFA.
In Fact, SAEN MARKETS Is Not Regulated By Any Regulator. The Funds Invested By Investors In This Broker Are Not Safe And Cannot Be Protected By Any Law. It Is A Fake Broker.
Due To The Inability To Access The Broker's Website Now, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That SAEN MARKETS Has Not Obtained Any Valid License At Present.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Number Or Company Address.
Note: SAEN MARKETS As A, Unregulated Broker, Which Means That The Client's Investment May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold The Company Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
