Risk Warning: The Ireland CBI regulation (License Number: C53877) claimed by Sentry Derivatives is a suspicious clone, please be aware of the risk.
General Information
Registered in Ireland, Sentry Derivatives claims that it is a forex broker provides its clients access to more than 40 currency pairs. Sentry Derivatives is a trading name of Ava Trade Limited, licensed and regulated by the Central Bank of Ireland (Reference Number: C53877). However, this license claimed by this broker is a suspicious clone. Please be aware of the risk.
Market Instruments
Sentry Derivatives boasts that it offers more than 40 currency pairs for clients. However, other tradable financial instruments, such as Indices, Stocks, Commodities and more are not available.
Account Types
With Sentry Derivatives, two types of trading accounts are available: a live account and a demo account. The minimum deposit to open a live account is not disclosed, and a demo account allows beginners to gain a feel of the platform and practice their trading skills without risking any real capitals.
How to open an account with Sentry Derivatives？
Opening an account with Sentry Derivatives is an easy and simple process:
1. Click the “Open a Real Account” link, and fill up some required details on the popping-up page.
2. Upload your personal data for this company to verify your details.
3. Fund your account and start to trade with this forex broker.
Leverage
No trading leverage is mentioned anywhere on the Sentry Derivatives Platform. Leverage can magnify gains, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose a smaller size no more than 1:10 until they gain more trading experience.
Spreads & Commissions
Live spreads on particular trading instruments are not available on its website.
Trading Platform
What Sentry Derivatives offers is not the MT4 or MT5 trading platform, a web trading platform instead.
Customer Support
For any questions or concerns they may have about their accounts or their trading can reach out to VRN Capitals through the following methods:
Telephone: +353 1-901-4896, +44 20-3290-4896,
Email: info@sentryd.com, support@sentryd.com
Risk Warning
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
