Seandar Inc is a contract for difference broker whose official website domain was registered on April 29, 2024. The broker primarily provides investment services in trading markets such as forex, precious metals, and crude oil to retail and institutional clients. It does not offer services in countries and regions where doing so might violate local laws or regulations.
Corporate Registration Information and Regulatory Status
Public information on their official website (www.seandarfx.com) indicates that Seandar Inc was established in the United States in 1985. It claims to hold a U.S. NFA license and an MSB digital asset license with the MSB regulatory number 31000271079808. It is asserted that Fo Go International Limited aims to provide a world-class financial services platform, completely transparent STP-ECN trading environment, and trustworthy customer service. However, the broker does not clarify its relationship with Fo Go International Limited.
Upon verification, the United States National Futures Association (NFA) does not have a registered entity named Seandar Inc. Although Fo Go International Limited can be found on the NFA website, it is registered as a non-member unit without NFA authorization and regulation. While Seandar Inc's registration information can be found on the U.S. Financial Crimes Enforcement Network (FinCEN), FinCEN's mission is to use financial power strategically and to collect, analyze, and disseminate financial intelligence to protect the financial system from illicit use, combat money laundering and related crimes (including terrorism), and promote national security. It does not provide regulation for standard financial derivative transactions.
Therefore, Seandar Inc (www.seandarfx.com) appears to be a broker with false advertising, actually operating without any regulation, making it a suspected fraudulent broker website.
Account Opening Process
Seandar Inc trading account opening process: Visit the broker's official website, click "Register an account" at the top right of the homepage to enter the account registration page, fill in personal information such as name and email address as required, set a login password, and submit. After verification, the account can be successfully registered.
Trading Accounts
Seandar Inc has not disclosed the types of trading accounts it offers, nor information about spreads, trading leverage, margin call/stop-out levels, trading commissions, minimum/maximum trade sizes, maximum positions/orders, and minimum price increments on its official website.
Trading Platforms
Seandar Inc claims to offer the MT5 trading platform, including both desktop and mobile versions. However, upon checking the MT5 platform, the broker was not found, and the download link provided on its official website directed to a proxy server.
Deposits and Withdrawals
Seandar Inc has not clearly disclosed the supported deposit and withdrawal methods, fees, or minimum deposit and withdrawal amounts on its official website.
Conclusion
Traderknows reminds investors that Seandar inc is actually an unregulated scam broker website. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
