sesaFXCM is a contract for difference (CFD) broker with a website domain registered on May 27, 2024. It primarily provides trading services in financial derivatives such as stocks, futures, crude oil, gold, cryptocurrencies, and forex to retail and institutional clients. This broker does not offer services in jurisdictions where doing so might violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
According to public information on the sesaFXCM (www.sesafxcm.com) website, the broker's full company name is sesaFXCM GROUP LIMITED, founded in 2018 and headquartered in London, UK. It claims to be regulated by multiple agencies including the UK Financial Conduct Authority (FCA), the US Financial Crimes Enforcement Network (FinCEN), the Australian Securities and Investments Commission (ASIC), and the Japan Financial Services Agency (FSA), with UK FCA ID: 504072, Australian ASIC ID: 406684, Japan FSA ID: 2010401081157, and US MSB number: 31000234126807.
Verification via the provided license numbers shows that the UK FCA, Australian ASIC, and Japan FSA websites indicate these licenses are actually held by the well-known broker AVATrade, not sesaFXCM. Additionally, the US FinCEN shows that MSB number: 31000234126807 belongs to SSJTCF GROUP LIMITED. Therefore, sesaFXCM is, in fact, a fraudulent broker website with no company entity or regulatory status.
Furthermore, the design and content of the sesaFXCM (www.sesafxcm.com) website closely resemble those of other fraudulent broker websites such as FirstTrade, Tasman FX, WTTKE, FBS, XCharter, and CIFX 5.
Account Opening Process:
To open an account with sesaFXCM, visit their official website, click on the “Register” button on the homepage or at the top right corner of the page to access the account registration page. Fill in your email address and set a login password as required. The broker will send a verification code to the provided email. Enter the verification code in the application form and submit it. Once submitted, the account will be successfully registered. Users must complete identity verification to deposit funds and start trading.
Trading Account Information:
The sesaFXCM website discloses only the spread, trading leverage, margin call/stop-out levels, and contract size information. Other details such as account types, trading commissions, minimum/maximum trade volume, maximum position/order size, and minimum price increment are not disclosed.
- Spreads: Floating, starting from 1 pip
- Leverage: 1:100—1:500
- Margin Call/Stop-Out Level: 100%/50%
- Contract Size: 1 lot = 100,000 units of the base currency
Trading Platform:
sesaFXCM offers its proprietary trading platform to users, available on both desktop and mobile. This platform provides more than 50 technical indicators and intraday analysis tools and includes features for advanced traders.
Deposits and Withdrawals:
sesaFXCM does not explicitly disclose the supported deposit and withdrawal methods, fees, or minimum deposit/withdrawal amounts on its website.
Conclusion:
Traderknows reminds investors that sesaFXCM is a suspected fraudulent broker with unclear registration and regulatory information and false advertising. The only way to contact them is through email, making their contact method very limited. The website design and content are the same as other fraudulent broker websites like FirstTrade, Tasman FX, WTTKE, FBS, XCharter, and CIFX 5. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
