Sentry Information
Sentry Derivatives, registered by Alibaba.com Singapore E-commerce Private Limited in 2018, is a Chinese financial company mainly deal with options trading for its clients. It offers demo accounts with a virtual fund of $100,000 for investors to practice without losing real money. Furthermore, their free options education not only includes in-depth options e-book, but also options advisory section that is updated daily.
However, it should not be neglected that the broker currently operates without regulation from any authorities.
Pros and Cons
Is Sentry Legit?
The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.
What Can I Trade on Sentry?
Sentry focuses on options trading - their offerings include various types of options—such as call and put options that allow investors to buy or sell underlying assets at predetermined prices.
Sentry also provides both American and European options, each with distinct exercise timelines.
Additionally, their product lineup encompasses stocks, indices, interest rates, commodities, and forex options, enabling clients to effectively manage risk and capitalize on market opportunities.
Account Type
Sentry offers demo accounts with virtual funds of $10,000, enabling clients to test their trading strategies and get familiar with the company's platform in a risk-free environment without losing real funds.
Furthermore, that company provides a single live account for live trading in options.
Trading Platform
Sentry offers a proprietary trading platform called “Sentry Trade”that is downloadable from web, PC, iOS and Android devices. It features visualized charts, advanced charting with real-time quotes and professional risk management tools. You can learn how to use the platform via https://sentryd-static.avapro.cn/video/trade_mobile_app_overview_new.mp4.
Customer Support Options
Sentry so far can only be accessed via email, live chat, QQ and the support ticket form. Their service is available 24/5.
The Bottom Line
In summary, though Sentry offers a wide range of options for trading and abundant free educational resources for investors to learn from, the absence of regulation impairs its credibility and reliability. Since no investment activities can get rid of risks, investors should always undertake full investigations before they start to trade. Weight the pros and cons and ensure the downsides of a broker is within your tolerance before you choose them.
FAQs
Is Sentry safe?
Not really, the broker is not currently regulated by any authorities.
Is Sentry good for beginners?
No, though the company offers free education, the absence of regulation indicates less customer protection and compliance to industry standard.
What trading platform does Sentry have?
Sentry offers a proprietary trading platform available on web, PC, Android and iOS devices.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
