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SARACEN INC Review: High Risk (Illegal Business)

SARACEN INC Review: High Risk (Illegal Business)

TraderKnowsTraderKnows
2024-05-10
Summary：SARACEN INC, a forex platform founded in 2021, is reviewed here. We'll discuss regulatory licenses, trade types, software, fund security, deposit/withdrawal methods, and leverage.

SARACEN INC Company Overview:

SARACEN INC is a forex broker registered in Saint Vincent and the Grenadines in 2021, offering investment trading services such as forex, commodities, indices, and stocks CFDs to investors. The company is headquartered in Kuala Lumpur. SARACEN INC's registered address in Saint Vincent and the Grenadines is SUITE 305, GRIFFITH CORPORATE CENTRE, P.O. BOX 1510 BEACHMONT, KINGSTOWN, VC0120 ST. VINCENT & GRENADINES, with the enterprise registration number 26306. According to a WHOIS search conducted by TraderKnows, the broker's official domain was registered on 2021/06/10, approximately two years ago.

Saracen Inc的域名年限查询

Is SARACEN INC Compliant and Legal? Does it hold the appropriate financial regulatory licenses?

Although this broker is registered in Saint Vincent & the Grenadines, the Financial Services Authority (SVGFSA) of Saint Vincent and the Grenadines does not regulate, monitor, supervise, or license business companies (BCs) engaged in forex trading or brokerage activities. Its regulatory scope is limited to ensuring BCs comply with the obligations stipulated in the revised laws of Saint Vincent and the Grenadines Chapter 149, the International Business Companies (Amendment and Consolidation) Act of 2009. In other words, SARACEN INC lacks legitimate regulation.

Saracen Inc

Trading Instruments Offered by SARACEN INC:

According to Saracen Inc's official website, the broker provides various investment trading services, including forex, commodities, indices, and Contracts for Difference (CFDs) on stocks.

Saracen Inc交易品种

Trading Software Provided by SARACEN INC:

SARACEN INC offers users the MT4 trading platform, including both demo and live accounts.

SARACEN INC

Funds Security:

SARACEN INC has not disclosed any third-party fund regulatory information on its official website, and users' fund security cannot be guaranteed.

Deposit and Withdrawal Channels:

SARACEN INC supports various deposit and withdrawal methods, including WalaoPay, PaymentAsia, SurePay, B2BinPAY, and Local Depositor.

SARACEN INC

Leverage Ratio:

The broker advertises leverage ratios ranging from 500 to 2000, which is significantly higher than the leverage ratios commonly offered by compliant brokers (generally ranging from 10 to 100).

SARACEN INC

Summary:

TraderKnows warns investors that SARACEN INC lacks effective regulation, and the broker has not disclosed crucial information regarding user fund security. SARACEN INC is a high-risk forex broker, and investors' funds on this platform are unprotected. Please stay away from this platform to avoid potential financial losses.

Currently, this broker is marked as "Illegal Business" on TraderKnows.

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Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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