Review of SenseTrade company: hope or deception?
The brokerage service SenseTrade promises a wide range of services, focusing on quality customer service, training for beginners, and support for professionals. However, in the world of financial transactions, it is necessary to trust promises with caution, considering the numerous fraudsters. To assess the reliability of SenseTrade, an information check was carried out, trader reviews of which are presented in this review.
Key information about SenseTrade
The broker’s website contains little information about the company, but it is overflowing with promises and advantages. It is claimed here that there is support from an experienced team and a diverse trading toolkit. However, there is no mention of the founding date or market rating in the financial services industry. Probably, this is because the company was registered only a few months ago.
The lack of reviews and contacts with traders only confirms the newcomer status in this field. There are grounds to suspect SenseTrade of possible fraud, given the lack of clear data on the company’s legal status and evasion of mentioning the place of registration.
Interweaving of facts and irreversibility of funds
The licensing and legal position of Ephemeral Group LTD, a possible parent company of SenseTrade, remain unclear due to the organizers’ desire to hide such details. The registration of a legal entity in the offshore zone of Dominica does not guarantee the reliability of the intermediary, considering the lack of established financial control and protection of client investments.
The absence of a license from the Central Bank of the Russian Federation leaves SenseTrade unmonitored by the regulator, leaving clients in limbo and unprotected in case of possible broker fraud.
Trading opportunities and pitfalls
SenseTrade does not limit clients, providing access to trading with a minimum deposit of $250. However, the process of depositing and withdrawing funds may encounter possible difficulties and additional expenses when using digital currency. Opening an account with a bonus requires the trader to make additional commitments, limiting the possibility of fund withdrawal.
Traders’ opinions and personal security risks
Despite SenseTrade’s claims of numerous positive reviews, public opinion about the company remains divided due to its questionable reputation and anonymous nature. Possible scams and client deception schemes highlight the danger of installing programs offered on the website that may threaten personal data and the confidentiality of financial transactions.
Conclusion
In summarizing the review results, one can conclude about the riskiness of partnering with SenseTrade. Lack of regulation, hidden company information, absence of reliable reviews, and potential security threats make this broker a doubtful partner for investment.
I had a truly disappointing experience with SenseTrade. The verification process for company documents was extremely slow and cumbersome. It seemed like they unnecessarily complicated every step of the process and it took weeks to be completed. Moreover, the traders’ reviews were largely hidden, which made it hard to instill a sense of trust. Their customer service was far from commendable and most of my queries were either ignored or only partially answered. It was clear they lack transparency and effective communication. Definitely not my recommendation for anyone looking for efficient and reliable brokerage services.