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Sengela Review: Sengela.com Sengela Trding Limited Scam Exposed

Sengela Review: Sengela.com Sengela Trding Limited Scam Exposed

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Sengela (Sengela.com) is a Forex and Investment online scam platform stealing from anyone who signs up. With this platform Sengela Trding Limited is claiming to offer users with funds safety as well as transparency. Investors who signed up with this platform are having a hard time believing this platform. With most failing to withdraw funds, this is another online scam. Read this genuine and honest SENGELA Review for more details.

Sengela Review

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Sengela Review

After receiving numerous email complaints from users, we decided to investigate this platform. We headed to their homepage which looks a bit overdone. The information is all over the website and not user-friendly. We understand why newbie traders would fall for this trap as the promotional message is catchy. With most scam platforms, the message is important to lure investors to sign up. Make sure to go through this review as we reveal some of the tricks the untrained eye seems to miss.

Professional scam artists will do anything in their power to make their platforms appear legit. What this means is that we are dealing with a well-organized scam outfit ready to take your money. By cloning a real trading website, these scam artists will steal from you without having to raise a finger. Cloned websites are a replica of a real trading platform meant to fool unsuspecting investors. Sengela is using the same scam manual book to steal from online investors.

About Sengela

Sengela Trding Limited is claiming to be located in Hong Kong. Now these are simply fake premise details as the company is actually based offshore. We can see that these scam artists have spelt their name wrong which is proof of their cause. They wanted to create a website to fool investors mainly from the Asia region. And this is why they have chosen Hong Kong to be their location. No register in Hong Kong has the name of this company which means they are a hoax.

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Another huge problem we discovered with Sengela is anonymity. Never deposit funds with any anonymous online investment platforms. These are scam artists who will do anything to make sure your funds are in their hands. No one knows the actual names of the founding members of this platform. We don’t know the names of any broker associated with this platform which is wanting. Anonymity ensures that these scam artists will steal funds and never be identified.

Is Sengela licensed or registered?

Sengela is not licensed or registered by any official regulatory body anywhere on the face of the planet. To confirm our fears, we contacted various online regulatory bodies for clarification. Some of the regulatory bodies we reached out include ASIC, CONSOB, FCA, NFA, and SEC. None of these bodies has ever licensed the platform which makes it a security risk. Funds deposited to a platform which does not follow set industry rules are never safe. Recovering funds from such a platform is next to impossible.

The platform also claims to be regulated in the United States which is another lie. One of the most stringent places to operate a brokerage firm is the States due to the right regulations. The Securities and Features of Hong Kong don’t have any platform licensed with this name. And this is proof Sengela is playing games with investors by claiming to be regulated. Why don’t they back up their claims by posting copies of their license certificates? They can’t because they are not licensed.

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Advantages of Sengela

We could not find any trading advantage of a platform which is full of regulatory lies. With complaints coming from all over the world, it is clear we are dealing with a hoax. Ensure you stay away from this platform or else face the risk of becoming their next victim. With no proof of ever withdrawing funds, victims have been depositing funds to an unknown account. Stay away from this trading platform.

Disadvantages of Sengela

Customer Support

Sengela Trading Strategy

You would expect a platform to have live chat support thanks to the advancement in technology. What is shocking the platform is they prefer use of emails and phone number. The problem with emails is that they are one way communication process. Phone number listed on their contact page is ever busy, and no one picks calls when they go through. The intention of these scam artists is to have minimal contact with victims.

Demo Account

Why would they not give users a demo account to test how well the platform works? Without a demo account, users are signing up blindly. And this is what the scam artists want, users to sign up without testing the platform. Most victims claim to have faced problems trying to place trades with their platform.

Deposit and Withdrawal

We could see that the depository channel is bank transfer. The problem with this process is lack of proper security features to protect the transaction process.  Another disturbing feature with the deposit method is the way they ask for your personal information. These scam artists will use your information to gain illegal access to your account number. Withdrawing is also another problem as no one has been able to withdraw funds with this illicit platform. Make sure to never deposit funds with this platform.

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Trading platform

Sengela is claiming to use MT4 trading platform as their preferred tool of trade. MT4 platform is a recognized industry platform which has been a darling for most traders. Lack of DDoS and SSL Encryption makes the platform a target for hacking. Hackers will target unsecured and unstable platforms and steal important data. Your credit card and personal information is at risk with an unstable platform.

Safety of funds

With the number of complaints increasing by the day, safety of funds is not guaranteed by this platform. With such a loophole, it is clear Sengela is pooling funds in one account. Members of this platform are actually depositing funds to a personal bank account owned by the scam artists. And this is where we draw the line with this illicit platform.

Scam or legit

Sengela Deposit and Withdrawal

Evidence is clearly pointing to one strong case, Sengela is a scam. To avoid interacting with this platform, certain precautions should be taken. Make sure to mark all their emails as spam and never click to any links sent by their email marketing team. Warn your family and friends from signing up with any of their affiliate programs. Never pick calls from their so-called account managers.

Bottom line

We will be adding this platform to our scam blacklist to ensure our readers know what to expect with their platform.

Why not use industry approved and tested Forex trading robots? Your time is now; sign up with credible and dedicated Forex trading robots.

Wishing all investors a happy and prosperous trading experience.

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