About Sentry Derivatives
Overview
Sentry Derivatives is a financial trading firm that presents itself as a provider of FX, CFD, and options trading services. The company is registered in Ireland, with a registration date of November 4, 2019, and its official website is sentryderivatives.com. The firm claims to have been established in 2010, though regulatory records indicate a 2019 founding. It operates its own proprietary trading platform and targets both experienced and novice traders.
Regulation and Licensing
Sentry Derivatives reports being regulated by the Central Bank of Ireland (CBI). However, our cross-check against public registers shows that the licence status is not confirmed, and industry databases flag this as a potential clone licence. FXCanary's Scam Risk Score for Sentry Derivatives is 36 out of 100, categorized as 'Guarded,' indicating a higher degree of caution is warranted. Traders should independently verify the firm's regulatory standing before engaging.
Trading Platform and Instruments
The broker offers a proprietary trading platform designed for FX, CFDs, Indices, and Options. According to the website, it provides 40+ FX pairs, equity indices, precious metals, and commodities. A notable feature is the inclusion of options trading with 15 strategies, knockout/barrier options, and customizable strikes and expirations. The platform also includes professional risk management tools, option chains, and advanced charting capabilities.
Account Types and Funding
Information on specific account types, minimum deposits, and funding methods is not prominently detailed on the website or in available public records. The broker's claims mention one account for all trading, but further specifics regarding spreads, commissions, or leverage are absent. Prospective clients are advised to contact the broker directly for these details.
Target Audience
Sentry Derivatives aims to serve both retail and professional traders, with a particular emphasis on options trading and advanced tools. The platform's features, such as SPAN margining and volatility charting, suggest it is geared towards traders with some experience. However, the broker also states it is built for new traders, indicating an attempt to attract a broad audience.
Overview compiled by FXCanary from regulatory records and public data. full Sentry Derivatives review