Sentinel Growth Portfolio Limited is a London based broker. The address of the company as stated on its website is 33 St. James Square, London, SW1Y 4JS. This address has various virtual and service offices. It has mentioned another address of Sydney as 19-29, Level 57, Martin Place, MLC Center, Sydney.
Sentinel fails to provide any details about the owners of the company. There are no details about the hierarchy which could help in understanding the organizational structure of the broker. The experience and the career graph of the team are absent, making this broker more suspicious and less trustworthy.
Not Registered by FCA
The company claims that it is licensed and is operating under the reputed Financial Conduct Authority of the UK.
It is shocking to learn that it is a false claim of the company. There is no link to Sentinel Growth Portfolio Limited with the financial regulatory authority of the UK.
Another breakdown is the blacklisting of the company by FCA. The FCA has cleared in its warning that the company is not working under its supervision and there is no provision of the financial ombudsman service in case of any disputes. It can be verified at the link register.fca.org.uk/ShPo_UnauthorisedFirmDetailPage?id=0014G00002TELSYQA5
Sentinel Growth Portfolio is a Clone firm
There is a collective investment firm with the name of Sentinel Growth Portfolio. It is registered under FCA. Sentinel Growth Portfolio Limited tries to befool the traders with the same confusing name. The Financial Conduct Authority has clarified the concept of this clone firm. It can be verified at the link register.fca.org.uk/shpo_searchresultspage?search=Sentinel+Growth+Portfolio+Limited+&TOKEN=3wq1nht7eg7tr
Not Regulated by ASIC
The Australian Securities and Investments Commission (ASIC) does not regulate Sentinel Growth Portfolio Limited. The ASIC is an independent organization that is responsible for the regulation of financial services in the region. The company mentions one address of Sydney but is not registered with the regional financial body. It can be checked at sitesearch.asic.gov.au/s/search.html?query=%22Sentinel+Growth+Portfolio+Limited%22&collection=asic&profile=asic
Sentinel Growth Portfolio Limited is not regulated by any financial supervisors. It mentions two addresses of Sydney and the UK but there is no link between the company with the financial regulators of both of the regions. Due to this, there is no security of funds while dealing with the company. Moreover, there would be no compensation given to the traders in case the company closes its operations.
My Sentinel review confirms that the company has deliberately used the license number of another company with the same name to deceive traders. The mere listing of the website gives a respite to the traders. But the authenticity of the license reveals that it is a fake license of another company. The same thing is verified by the reputed Financial Conduct Authority. A fake license is a criminal act which calls for legal action, and this should be enough to deter any trader from doing business with Sentinel Growth Portfolio
Warning by DFSA
The Danish government-operated Financial Supervisory Authority is responsible for the regulation of the financial service providers in the region of Denmark. The DFSA has released a warning against the fraudulent operations of Sentinel Growth Portfolio. You can verify this here: www.dfsa.dk/News/Advarsler-fra-andre-tilsynsmyndigheder
Warning by FSMA
Sentinel has been warned by the Financial Services and Market Authority of Belgium. The FSMA is the government agency that is responsible for fair and just treatment of the traders in Belgium. You can check this at www.fsma.be/en/warnings-illegal-soliciting-savings-public-warnings-foreign-authorities-who-are-members-esma-pol
Warning by CONSOB
The Commissione Nazionale per le Societa e la Borsa (CONSOB) has released a red flag against the scam operations of Sentinel Growth Portfolio Limited. The CONSOB is the Italian Companies and Exchange Commission working under the Italian government for the regulation of the financial markets. It can be verified at the link www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela
This broker is not authorized to render services in the regions of the UK, Italy, Belgium, and Australia. The fake license of the company along with the warning from various authorities is a clear indication of the problems with Sentinel Growth Portfolio Limited. It is not advised to deal with the broker. All these conditions add to the gripe of the traders. It is clearly an offshore unregulated broker with a fake license and malicious intent.
No Specification of Trading Conditions
Sentinel Growth Portfolio Limited does not provide any details about the trading services provided to the traders. There are no details about trading conditions. The leverage ratio and the spreads are unclear. The leverage ratio should be competitive and the spread should start at as low as 0 pips for the basic currency pair.
Non-existent Trading Platform
It sounds odd but Sentinel Growth Portfolio Limited does not provide any details of the trading platform they offer to their traders. There is no option or active link to get connected to the online trading platform or to download it. It clears the fact that the company is non-existent and does not have any active services.
The MetaTrader trading platforms are absent. MT4 and MT5 are the best online trading platforms with highly secure operations. These were developed by the reputed MetaQuotes Software Incorporation of the USA in the year 2005. Sentinel Growth Portfolio Limited fails to provide any trading platform to its traders let alone, the reputed MT4 (or MT5).
They Don’t Provide a Demo Account
Sentinel Growth Portfolio Limited doesn’t provide any demo account to the traders. The absence of a trading platform along with the absence of demo accounts creates a doubtful trading environment for the traders. The customers of the company are left with no safe option to trade without risking actual money.
Abnormally Expensive Trading Accounts
Sentinel Growth Portfolio Limited provides 3 high charging live accounts.
- Micro Account: The micro account of the company starts with the initial minimum investment of $15,000. It is too high as compared to the average initial minimum investment of the regulated brokers. There are no details about the spreads provided by them as well.
- Premium Account: The premium account of the company opens with the minimum initial investment of $50,000. It is a gigantic amount for a minimum investment. The leverage is supposed to be in the range of 1:100-1:200. It cannot be established as there are no details about the trading platform. There are no significant differences in the services of the premium account and the micro account.
- VIP Account: The VIP account of the company requires $100,000 as a minimum initial investment. There is no difference in the services of the premium account and the VIP account. The leverage ratio is believed to go up to 1:500.
The augmenting live trading accounts of the company have very little to offer to the traders. There are no specific services associated with the accounts. The spread and leverage ratios are not defined. There is no provision of PAMM accounts and social trading. It is unsafe to trade with Sentinel Growth Portfolio Limited.
Unclear Funds Transfer Methods
Sentinel, once again, disappoints the traders. It does not disclose any details about the methods and conditions related to the fund’s transfers. There is no availability of bank wire transfer, credit/debit cards, Skrill, and other prominent methods. There is no astonishment in the non-availability of Skrill. Skrill has stopped working with fraudulent, unregulated brokers under its “anti-scam” policy and Sentinel Growth Portfolio fits this criteria perfectly.
There are no details about the deposit and withdrawal fee, maintenance fee, dormant fee, and minimum deposits for withdrawal. There should be full disclosure of the charges of the company. The hidden charges indicate the weak professional approach and malicious intent of the company. Sentinel Growth Portfolio Limited fails in providing quality services and exact details about its trading conditions.
Social Media and Website Details
Sentinel Growth Portfolio Limited does not have any active social media accounts. It fails to understand the value of active Facebook, Twitter accounts. The social media accounts are an important task bearer to a broker. The online absence of the broker discourages the traders from trusting a forex broker.
The website of Sentinel Growth Portfolio Limited is sentinelgrowthltd.com/
The website of the company is very slow, the icons and links are not responsive, and the quality of the content is below average. Sentinel’s website fails to provide the basic details to its visitors.
Absent Customer Support
While writing this Sentinel review, I found that it does not provide 24*7 technical customer support to the traders. There is only one UK based number on the website. There is no facility of live chat, email, and Skype. It is highly disappointing.
Sentinel Growth Portfolio Limited scores 0.5 over the 5 point rating scale. It is an unregulated offshore broker. The four major financial regulatory watchdogs-CONSOB, FCA, FSMA, DFSA have raised a red flag against the fraudulent operations of this company. The license of Sentinel is fake and there is uncertainty over the basic functions and services of the company.
In conclusion to my Sentinel review, I strongly advise you to stay away from this broker. They are unreliable, fraudulent, and unprofessional.