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The WikiFX Score of this broker is reduced because of too many complaints!

SAEN

United Kingdom|2-5 years|
Regulated in United States|Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://www.saenmarkets.com/en/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
SaenMarkets-Demo MT4
Server Location Japan

Contact

info@saenfx.com
https://www.saenmarkets.com/en/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

More

Company Name

SAEN

Company Abbreviation

SAEN

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-02-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 18 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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    SAEN · Company Summary

    General Information

    SAEN is a global derivatives trading platform offering leveraged investment services in indexes, crude oil, precious metals and contracts for difference (CFD) to international investors.

    Regulation

    SAEN MARKETS LTD is authorized and regulated by NFA in the United States, with regulatory license number 0542842.

    Market Instruments

    When it comes to trading assets available, SAEN offers trading in forex currencies precious metals, oils and indices.

    Minimum Deposit

    SAEN does not tell us its minimum initial deposit requirements. In most cases, most brokers requires an account opening amount around $100 or even less.

    Leverage

    The maximum trading leverage offered by SAEN is not mentioned on its website. Leverage can magnify returns as well as risks, it is essential for traders to learn how to use it and how to manage risks.

    Spreads & Commissions

    SAEN says it offers ultra-low spreads, but does not specify spreads on particular instrument, even the spreads on the EUR/USD benchmark.

    Trading Platform

    SAEN offers clients the opportunity to trade on MetaTrader 4, an award-winning trading platform. There is no doubt that MT4 has become the most popular trading platform for currency traders due to its ease of use, with a rich trading environment and automated trading capabilities.

    • Customizable interface, including technical indicators of color

    • Customizable alerts

    • Compatible with iOS, Android and Mac devices

    • Stop orders and trailing orders

    Deposit & Withdrawal

    There are some payment methods logos shown on the SAEN website, including Maestro, Paypal, Union Pay, Visa, and JCB, but we are not sure if this broker supports traders to fund their accounts via these channels.

    Customer Support

    SAEN offers a poor customer support service, and they can only be contacted through email: info@saenmarkets.com. Besides, there is also a contact form listed on its website. Some more convenient contact methods like phone call and live chat are unavailable.

    User Reviews

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    Comments

    Write a review

    FX1140550656
    more than one year
    Terrible company, I've seen it scam a dozen traders. Can they get their money back? I'm really afraid of being scammed, so I take a very cautious approach.
    2022-12-12 11:26
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