About SenseTrade
Overview
SenseTrade operates under the domain sensetrade.cc and is registered in the Commonwealth of Dominica, with an address at 8 Copthall, Roseau Valley, 00152. The broker was established on 9 June 2021, making it a relatively new entrant in the online trading space.
The broker does not hold any regulatory licences from recognised financial authorities. This absence of regulation is a significant factor for traders to consider, as it means there is no independent oversight of the broker's operations or client fund protection.
Account Types
SenseTrade offers four account tiers catering to different deposit levels. The Easy start account requires a minimum deposit of $250, aimed at beginner traders. The Trader account has a minimum of $9,000, while the Investor account starts at $3,500. The top-tier All inclusive account demands a substantial $20,000 minimum deposit.
Information on maximum leverage for these accounts is not disclosed in the available records. The lack of transparency on leverage and trading conditions adds to the difficulty in assessing the broker's offerings.
Instruments and Platforms
No specific trading instruments or platform details are provided in the known facts. It is unclear whether SenseTrade offers forex, CFDs, commodities, or other asset classes. Similarly, there is no information about the trading platform(s) used, such as MetaTrader or proprietary software.
Without this information, traders cannot evaluate the breadth of markets available or the quality of the trading environment.
Deposit and Withdrawal
The known facts do not include any details about funding methods, fees, or withdrawal processes. Traders would need to rely on the broker's website for such information, but given the lack of regulation, caution is warranted.
The absence of clearly stated terms around deposits and withdrawals is a red flag for potential clients.
Client Suitability
SenseTrade may appeal to traders who are willing to accept higher risk due to the unregulated status. The low minimum deposit of the Easy start account could attract beginners, but the lack of regulatory safeguards makes it unsuitable for risk-averse individuals.
Given the limited public information and no independent reviews, this broker is best approached with extreme caution, if at all.
Overview compiled by FXCanary from regulatory records and public data. full SenseTrade review