Broker Review

Unauthorised Firm Details
Name: Sentradefx.net
Website: sentradefx.net

Sentrade FX presents itself as a digital‐asset and forex trading/investment platform. According to its website:

• It offers “up to 15% daily trading with us”.

• It provides managed strategies for digital assets, and positions itself as “wealth and investment management solutions … investments for all market conditions”.

• It lists a range of “plans” with very high returns:

  • “Primary Plan”: 15% after 24 hours.

  • “Advanced Plan”: 40% after 48 hours.

  • “Savings Plan”: 60% after 96 hours.

  • “VIP Plan”: 120% after 168 hours.

• The site claims to support payments via crypto assets (Bitcoin, Ethereum, USDT etc) and also some e‐payment gateways

Warnings and Red flags

1. Lack of proper regulation

• The Financial Conduct Authority (FCA) of the UK has issued a public warning that Sentrade FX (also styled “SENTRADE-FX”) is not authorised by them.

• The site is listed in the global alerts network of International Organization of Securities Commissions (IOSCO) as an unregistered/unlicensed entity offering financial products.

• When a firm is not authorised, customers generally lose protections like access to the Financial Ombudsman Service or the Compensation Scheme (in the UK) if things go wrong.

2. Promises of unusually high returns in very short periods

• Promising 15% in 24 hours, 40% in 48 hours, 120% in a week etc is extremely high and atypical for legitimate investment firms.

• Very high returns + short timeframes are commonly seen in high-risk schemes or outright scams.

3. Lack of transparency and credible track record

• The website claims to have a team of “finance professionals, portfolio managers … we have managed billions of dollars for institutional investors.”

• But there is no verifiable information publicly available about such claims (such as independent audits, clear regulatory licences, verifiable institutional clients).

• Domain registration/age: Investigations found the domain was registered recently (March 2025) and with masked/hidden owner information.

4. The presence of many scam‐type indicators

• The website has typical features of high‐risk/possibly fraudulent operations: aggressive “high return” promises, minimal verifiable evidence, use of crypto payments (which are harder to reverse), and targeted marketing of “plans” with fixed high payout after short periods.

• Reviews and recovery agencies flag this site as likely fraudulent.

• The FCA warns that dealing with unauthorised firms means you “won’t have access to the Financial Ombudsman Service” etc

What this means for potential investors

Given the above, here’s what you should keep in mind if you’re considering any interaction with this site (or similar sites):

• Risk of losing money: Without proper regulation, there is little legal recourse if you invest funds and the firm fails to deliver or goes offline.

• Verification is key: Always check whether an investment firm is authorised/licensed by the appropriate regulator in your country or region (for example via FCA’s “Firm Checker” in the UK). The FCA explicitly says you should only deal with authorised firms.

• If something seems too good to be true, it likely is: Very high returns with little risk promised quickly are extremely suspicious.

• Payment via crypto is higher risk: Crypto payments are easier for scammers to disappear with and much harder for victims to reverse.

• Withdrawal and account restrictions: Many scam sites allow deposits but make withdrawals very difficult or impossible.

• Consider local regulation: From Nigeria (your location) or Africa – ensure the platform has proper registration/licensing in your jurisdiction.

Final verdict

Sentrade FX (sentradefx.net) currently carries many of the hallmarks of a high‐risk or potentially fraudulent investment platform:

• It is not regulated by a major recognised financial authority.

• It promises unrealistically high returns in very short timeframes.

• It lacks transparent/verifiable track record.

• It is formally warned by regulators (FCA, IOSCO).