SENcapitals has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. SENcapitals said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Regular updates|Automated trading options|Fast execution|Economic calendar
Cons: Would like more payment methods|Account statements could be more detailed
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that SENcapitals has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Not registered with regulators|Unrealistic promises
I closed a profitable position at SENcapitals and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Detailed reporting|Low minimum deposit|Risk management tools
Cons: Live chat only during business hours