Here is the Sergicor Finance review to find out whether is sergicorfinance.pro scam or legitimate. So, read the below findings to know the truth about this digital asset broker.
Contents
About Sagicor Finance
Sagicor Finance presents itself as an international brokerage company offering the easiest access to the markets. They want us to believe that they offer better trading experience by providing tools for money money management on a range of trading products.
There are 5 account types available for trading on their web based platform. Minimum deposit starts from $250.
Sagicor Finance claims competence and good reputation in the industry.
Should you trust Sagicor Finance?
Sagicor Finance is not licensed by any regulatory authority. The website is offering an illegal financial service since they solicit funds from traders by pretending to offer a legit trading platform. You should never trade with an unregulated broker like Sagicor Finance.
Breakdown
- Sagicor Finance is unregulated as they should be regulated if they want to target customers on regulated markets like the European Union, including the UK. In fact, Sagicor Finance is not regulated in any country, it has no license whatsoever, which makes it an illegal investment service.
- Unlicensed brokers like Sagicor Finance do not have to report to a governing body. This means that if they scam you in any way, whether it be “glitches” or “malfunctions” causing server slippage in their system, or you go to make a withdrawal and they don’t process it (steal your money), you are out of luck. Beyond posting a bad review online, there is little you can do because these brokers have no legal authority to answer to.
- Bear in mind that unregulated brokers in general are completely uncountable for the way they handle your money, which makes any dealings with such entities extremely risky. Basically that is how people usually get scammed.
Sagicor Finance is based offshore at Saint Vincent and the Grenadines (SVG). SVG is known for accommodating shady digital asset brokers. Forex regulation in this area is totally non-existent. When you transfer your funds to the people at offshore location, recovering it may be daunting.
Is Sagicor Finance Safe?
Sagicor Finance is considered not safe, as it is not regulated and licensed by top-tier financial authorities, like the CySEC in Europe, UK FCA, the Australian ASIC, FSC in South Africa and the US CFTC.
The easiest way to check if a broker is licensed is by looking it up in the registry of the respective financial regulator – be it the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission, the Financial Sector Conduct Authority (FSCA). All of them keep such registers and they are publicly available.
Sagicor Finance is an unauthorized and illegal broker. Deposits with this broker are not protected, the company can’t legally offer its services in almost any country. It is a total scam.
The best way to invest in the markets is using a licensed broker
There is absolutely no reason to invest with an offshore or unlicensed broker. If you think you need high leverage or high margin rates, you are mistaken, and you will lose your money fast.
So go for licenced brokers, listed here.
AvaTrade is a Globally licensed Forex broker with copy trading benefits. They have a great trading platform that carters for both beginner and expert traders.
Test it out first on a free demo, see here.
How Sagicor Finance works?
We have proved that Sagicor Finance is a scam. Their investment offers are obviously meant to attract people and make them deposit as much money as possible.
Problem starts immediately you make a deposit to a scam platform. They will use many tactics to make you deposit more.
Scammers will take deposits from you but never let you withdraw anything, because these brokers often present silly legal documents and conditions that is out of the question as far as legit brokers are concerned. But it will just be a lie to get more money from you.
Sagicor Finance will request that you send them more money while declining all your efforts to withdraw your deposits.
At this point, most people will realize that they have fallen victim to a classical Forex trading scam.
Conclusion
Sagicor Finance provides address at an offshore scam location that harbors rogue brokers. Sagicor Finance will not be different.
An unregulated broker like Sagicor Finance is interested in stealing your money and nothing else.
