Beware! Sentratama Investor Future is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Sentratama Investor Future is a quite curious case. This company claims to be “your strategic partner in business” that provides online trading opportunities. The problem is that the broker would not allow us to register or trade – so we cannot be sure what they really offer. However, we would suggest that you do not try and contact them to find out more about their offers – this company seems quite shady and is definitely not a reliable investment choice.
Sentratama Investor Future REGULATION AND SAFETY OF FUNDS
Sentratama Investor Future claims to be an investment solution based in Indonesia. Indonesian brokers have to be regulated by the Commodities and Futures Trading Regulatory Agency (BAPPEBTI). Technically, all brokers that offer services to local customers also have to have a local Indonesian office. However, in reality, Indonesian residents are free to choose any international broker they want. So if you were considering choosing Sentratama Investor Future over an established international brokerage for that reason alone, think again. We could not find any proof that this company was licensed by BAPPEBTI or by any other financial authority. We would like to remind you that trading with unregulated brokers is risky as you would not be able to benefit from the same protections as clients of licensed brokers. You cannot be sure that the broker would be treating you fairly either.
Our advice for you is simple – turn to a broker regulated by a strict financial authority such as the FCA (the UK), CySEC (Cyprus), or ASIC (Australia). Such brokers are obligated to report to authorities regularly to ensure that everything is running smoothly. They also have to meet a ton of requirements – keep client money in segregated bank accounts to ensure that client money and broker money would not mix, maintain some sort of minimum capital to prove their financial stability (€730 000 in the UK and the EU, and A$1 million in Australia), and provide negative balance protection. This means you could never lose more money than you have in your account. Finally, brokers in the UK and the EU also participate in compensation funds – so you could receive a compensation of up to €20 000 in the EU and £85 000 in the UK in case your broker becomes insolvent.
Sentratama Investor Future TRADING SOFTWARE
Sentratama Investor Future does not actually offer its clients the opportunity to open a trading account – there was no log-in/registration option. This might simply mean that the website is not fully developed yet or that the broker would prefer you to get in touch with it before it lets you open an account. Whatever the case, we cannot be sure that Sentratama Investor Future actually offers any sort of trading platform.
Trading on a decent platform is important if you would actually like to trade successfully. MetaTrader 4 is a great, popular trading software option. This platform was introduced more than 15 years ago but is still considered the ultimate forex trading solution. Not only does MT4 offer a full charting and analysis package but also additional tools such as Expert Advisors that track markets and trade automatically, a Strategy Tester, the chance to set signals for prices going up or down or to subscribe to those set by successful traders for a small monthly fee, a market for additional trading apps, and much more. Be sure to check out the platform as soon as possible if you want to get a taste of what the trading world has to offer.
Sentratama Investor Future TRADING CONDITIONS
Sentratama Investor Future did not provide a lot of details about its trading conditions. The broker informed us that we would be able to trade forex, stocks, and commodities – a quite limited range of markets. Another thing we were able to figure out was that we would be charged crazy commissions for every lot we trade. The commissions for trading forex went as high as $30 per lot. This is quite outrageous since most established brokerages would rarely charge more than a few dollars per lot as additional commission. Moreover, Sentratama Investor Future has not mentioned anything about its spreads – those might turn trading with this broker into an even less lucrative endeavor.
If you want to start trading with a reliable company, better check out some forex brokers who offer trading accounts for $100 or less.
Sentratama Investor Future DEPOSIT AND WITHDRAWAL METHODS AND FEES
Sentratama Investor Future has not mentioned anything about possible deposit methods or additional fees on the website. We strongly urge you to not deposit money with such shady brokers – you will surely be left wondering how you could recover it. If you have deposited with a credit or debit card, then getting a chargeback can be quite simple – both card providers allow such chargeback within 540 days of the transaction. Crypto deposits and wire transfers, on the other hand, cannot be recovered.
Even if depositing with Sentratama Investor Future is possible at some point in the future, we strongly suggest that you stay away from this questionable scheme.
HOW DOES THE SCAM WORK?
This type of scam is really not that complicated – but it has proven to be quite effective and has managed to trick quite a few people. Given such schemes’ growing popularity, it is important to know how to avoid them – so reading the following paragraphs carefully is vital.
The scam starts with you seeing an ad on the Internet for a certain broker’s website. Such websites usually promise amazing conditions and extremely fast profits – but offer very little in terms of license and company information. However, sometimes scammers can be very elaborate in their promise – so you fall for it and provide them with a phone number or an email. There is another option – they might have stumbled upon your contact details somewhere and are the first to make contact. After that, a game of cat and mouse begins – you will be asked to open an account and make a deposit. Keep in mind that these are professional scammers who convince people to transfer money for a living – they will sweet-talk you into depositing by talking about profits and opportunities.
After that, you might indeed see profits and deposit even more money – but all of this is smoke and mirrors, scammers often manipulate results to make you transfer bigger amounts.
At some point, of course, you would want to withdraw your money – and the problems will start. Additional fees or unfulfilled clauses in the Terms and Conditions will appear, and you will be denied access to your money. At this point, you will probably discover something is wrong – and this is when the scammers will drop out of sight.
WHAT TO DO WHEN SCAMMED?
There are a few things you could do if you discover you have been scammed. Chargebacks are possible in some cases depending on the payment method you have used to deposit. Both Visa and MasterCard allow such chargebacks within 540 days while bank transfers and cryptocurrency transactions are irreversible.
Make sure to change all banking passwords. If you have installed any remote access software, remove it immediately – scammers ask their victims to install such software under different pretexts but their endgame is to just get access to your banking accounts and steal even more money.
Notify authorities and share your story with as many people as possible – the more people know about such scams, the less they will fall victim to fraudulent schemes.
Last but not least – don’t trust any so-called “recovery agents” that offer to retrieve your money for a fee – this is just another type of scam, sometimes even conducted by the same people that stole your money in the first place.