Sener – Expert Financial Advice & Index Trading Or Money Scam?
Sener is a trading platform founded in 2007 in the United States. Find out everything you need to know about Sener today in our review.
What is Sener?
Sener is a US-based trading platform that’s active around the world. The trader specializes in contracts for difference (CFD) trading and indices. In fact, Sener claims to be the world leader in CFDs.
The Sener platform can be accessed through MetaTrader 4, including through the MT4 desktop software and the mobiles apps for Android and iOS.
You can visit Sener online today at SNTrader.com. Overall, the platform is best-known for its CFD trading, which are unique investment vehicles similar to trading on the margin. We’ll talk more about them below.
Sener’s website lists some of the world’s biggest financial institutions as its partners, including Bank of America, Citibank, Barclays, and Standard Chartered.
What Are CFDs?
Contract for Difference, or CFDs, allow you to open a contract for the difference in price of an asset, from the point of opening to when you close.
CFDs are leveraged products, which means you only have to put down a small deposit to gain increased market exposure. Leverage obviously comes with the same benefits and risks as it does when trading other assets. Your investment capital can go further, but you’re also exposing yourself to a greater amount of loss.
CFDs do, however, allow you to take a position on the future value of an asset – whether you think it will go up or down. This makes CFDs very flexible, but it also requires a high level of risk management.
How Do Sener’s CFDs Work?
Sener will set a price for a contract based on the underlying market. You can buy or sell based on that price.
With each market, you are given a buy or sell price at either side of the underlying market price. You can trade on a market to go up (i.e. “buying” or “going long”). Or, you can trade on it to go down (i.e. “selling” or “going short”).
Who Should Buy CFDs?
Sener recommends CFDs to three groups of investors in particular, including:
- Active traders
- Traders who wish to hedge their portfolio
- Traders who want to add flexibility to their investment capital through leverage
How much does it cost to trade CFDs with Sener? The company claims to be transparent with its fee structure.
You pay a commission charge for share CFDs. In other markets, all you pay is the spread (the difference between the buy and sell prices).
There’s also a “small charge” to fund positions overnight and a “small premium” for guaranteed stops, although Sener doesn’t go into greater detail about these costs.
We couldn’t find any more information about Sener’s fee structure upfront.
The Sener Platform
Sener is built on the popular MetaTrader 4 platform. You can use your “SenerMT4” account to trade in forex, indices, and commodity CFDs. Sener’s platform supports algorithm trading through Expert Advisors.
If you want to trade Sener on the go, then you can download the MT4 app for iOS or Android.
Overall, Sener describes its trading platform as “a premium, cutting-edge, downloadable trading platform with endless possibilities and functions.” Here are some of the key features of the platform:
- Provides a deep and thorough analysis of the financial markets
- Offers technical analysis tools that help you make sense of live quotes, spot trends, identify buy and sell indicators, and more
- Never miss a trading opportunity with MT4; you can design your own set of trading instructions and allow the system to execute traders on your behalf
- Available on mobile devices through the iTunes App Store and Google Play Store
Sener’s About page claims that it was founded in 2007. Today, the company maintains five offices worldwide in North America, Europe, and Asia. They’re active in 32 countries and claim to employ over 2000 staff “servicing more than one million high net-worth customers.”
The company is led by CEO Spenser Brown, who has been the CEO since the company was founded in 2007. Prior to leading Sener, Brown worked at Bear Stearns and held senior positions in asset management and investment banking with other major industry giants.
Sener is a trading platform that claims to have been founded in 2007. Despite the lengthy history of the company, we could find very little information about it available online aside from the information on the official website. That’s odd when you consider that major financial institutions like Barclays, Deutsche Bank, Citibank, Bank of America, and Bank of Tokyo are all listed as “our partners”. The company also claims to maintain 5 offices worldwide and employ 2000 staff – although we couldn’t find the location of any of those offices.
Meanwhile, the Sener website is filled with poorly-worded sentences and grammatical errors. The front page of the website features the headline, “For trading expert you can trust Sener” – which doesn’t give us much confidence.
Ultimately, Sener claims to offer legitimate trading in unique assets like CFDs that you won’t find on other platforms. However, there are some red flags about the company that make it seem like something is amiss – like an overall lack of information on the company’s website.
You can make your own conclusions about Sener today by visiting the trader online at SNTrader.com.