Reported Website: https://www.saenmarkets.com/
SAEN MARKETS claims to be an experienced firm while presenting neither details about its company office address and regulations, nor legal documents (terms & conditions, risk disclosure, etc.). Lacking such information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here. Downloading its official MT4 trading platform, we found this broker locates in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator – FCA. However, we did not find any match results to SAEN MARKETS in FCA. That means SAEN MARKETS is not an approved broker in the UK. Besides, we found a match result to SAEN MARKETS in the US regulator National Futures Association (NFA). But as per the details shown on NFA, this broker is not under valid regulation by NFA since it is not an approved member of this regulator.
