Sener Trader claim they were ‘founded on February 2007 in the United States‘ and are ‘now one of the world’s leading index futures investment and asset management company‘ [sic].

A corporate address in New York is provided on the Sener Trader website. Research reveals this address actually belongs to Servcorp, who sell virtual office space.

One would also assume a legal “investment and asset management company” would be registered with the SEC, yet a search of the Edgar database turns up nothing for “Sener” or any company name derivatives.

Meanwhile the Sener Trader website domain (“”) was initially registered on December 19th, 2006, however no record of a live website exists until early January, 2017.

This coincides with a domain registration update on January 15th, 2017. Alexa traffic estimates for the Sener Trader website also only show an uptick in measurable traffic since late February.

Two things are immediately clear: Sener Trader wasn’t founded in 2007, nor are they based in the US.

Sener Trader cite “Spenser Brown” as founder and CEO of the company, complete with a stock image of a man in suit.

Naturally there’s no information about Brown prior to 2017, in connection with Sener Trader or anything else.

Someone has gone to a bit of effort to create the illusion he exists though, with the same stock photo slapped onto an ebook cover:

The Amazon listing above was recently created on March 20th and cites “Sener” as the publisher. The listing has been picked up by various Amazon aggregators on other platforms too (eBay, other book shop sites etc.).

There’s also a few spammy press-releases (also published in March), claiming Sener Trader has won this or that.

Any attempt to verify Spenser Brown exists however leads to a dead-end, casting a question mark over whether the individual actually exists.

At the time of publication Alexa estimate that 80% of traffic to the Sener Trader website originates out of Japan. India is the second largest source of traffic, coming in at 18%.

Considering these two countries provide 98% of traffic to the Sener Trader website, it’s a good bet that whoever is actually running the company is based out of Japan or India.

Of note is the website design for Sener Trader is identical to that of Eagle Gates Group.

Both sites run on the same WordPress theme, with the admin account of the Sener Trader website revealed as “Eaglegates”.

This is the same admin account used to publish content on the Eagle Gates Group website.

Whoever is actually running both companies simply copy and pasted the WordPress directory of Eagle Gates Group onto Sener Gates’ hosting account.

Eagle Gates Group was a Ponzi scheme launched late last year. After briefly hitting it off in Thailand, the scam collapsed in late February – around the same time Sener Trader website traffic picked up.

Eagle Gates Group’s front-man was Eddie McClough. Like Spenser Brown, the only information available on McClough coincided with the late 2016 launch of the company.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Sener Trader Products

Sener Trader has no retailable products or services, with affiliates only able to market Sener Trader affiliate membership itself.

The Sener Trading Compensation Plan

Sener Trader affiliates invest in packages on the promise of a perpetual monthly ROI:

  • invest $1000 and receive 3% a month for 90 days, 6% a month for another 90 days and then 9% a month each month thereafter
  • invest $5000 and receive 4% a month for 90 days, 8% a month for another 90 days and then 12% a month each month thereafter
  • invest $10,000 and receive 5% a month for 90 days, 10% a month for another 90 days and then 15% a month each month thereafter
  • invest $50,000 and receive 10% a month for 90 days, 15% a month for another 90 days and then 20% a month each month thereafter

If an Sener Trader affiliate withdraws any funds within the first 90 days, they are charged a 10% fee.

Recruitment Commissions

Sener Trader affiliates are paid a 10% commission on funds invested by personally recruited affiliates.

Residual Commissions

Sener Trader pay residual commissions on invested funds via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Sener Trader cap payable unilevel levels at fifteen, with commissions paid as a percentage of funds invested as follows:

  • levels 1 to 5 – 10%
  • levels 6 to 10 – 8%
  • levels 11 to 15 – 5%

Note that how much a Sener Trader affiliate invests determines how many unilevel levels they can earn on:

  • $1000 investment package = commissions on levels 1 to 5
  • $5000 investment package = commissions on levels 1 to 10
  • $10,000 and $50,000 investment package = commissions on all 15 levels

Rank Achievement Bonus

Sener Trader pay a percentage bonus on investment volume of their recruited downline.

This tops out at 10%, based on the following rank qualification criteria:

  • Assistant Manager – convince recruited affiliates to invest $40,000 or more and receive a 4% bonus
  • Manager – convince recruited affiliates to invest $200,000 or more and receive a 5% bonus
  • Senior Manager – convince recruited affiliates to invest $400,000 or more and receive a 6% bonus
  • Assistant Deputy Director – convince recruited affiliates to invest $2,000,000 or more and receive a 7% bonus
  • Deputy Director – convince recruited affiliates to invest $4,000,000 or more and receive a 8% bonus
  • Director – personally recruit two Deputy Director ranked affiliates and receive a 9% bonus
  • Senior Director – personally recruit three Deputy Director ranked affiliates and receive a 10% bonus

There are also various performance-based bonuses available (cars, houses, trips etc.).

Joining Sener Trader

Sener Trader affiliate membership is tied to investment in four packages:

  • $1000 package
  • $5000 package
  • $10,000 package
  • $50,000 package

The more an affiliate invests the higher their income potential via the Sener Trader compensation plan.


Perhaps the most delicious porky pie on the Sener Trader website are two cited reasons to invest in the company:

Has five offices worldwide across America, Europe and Asia and operates in over 32 countries, providing training and investment management services to clients.

Employs over 2000 professional staff servicing more than one million high net-worth customers.

2000 employees crammed into virutal office space that doesn’t physically exist? Riiiiiiight.

For all the mumbo-jumbo about trading presented on the Sener Trader website, the only verifiable source of revenue entering the company is affiliate investment. The use of which to pay affiliate ROIs makes Sener Trader a Ponzi scheme.

Being a US company, if Sener Trader was even remotely legitimate it would be registered with the SEC.

That won’t last long though if you have a stock image as your company CEO and are conducting financial fraud.

Sener Trader’s compensation plan is near identical to that of Eagle Gates Group. Higher investment packages are now offered, along with higher monthly ROIs.

The unilevel has also been capped at fifteen percent, although unlimited depth is still possible through the rank bonus.

At the end of the day though once affiliate recruitment dies down so too will new investment. This will see Sener Trader collapse, in much the same way Eagle Gates Group did earlier this year.

Don’t just take my word for it though, here’s an Eagle Gates Group affiliate sharing their experience post-collapse:

Actually we in Malaysia n China have invested millions of dollar in eaglegates but to our disappointment there is a big problem in withdrawal of the money.

Moreover the person who is supposed to be our upline mr. Nick and Wang I think from Singapore as they claim is now where to be found.

As for the office that have listed in the website like in United States, Germany, U.K. And Japan are all fake as they only Hv a receptionist to answer the phone but know nothing about eaglegates n they just put u to the machine n leave your messages.

And worst the messages will never be replied. We are still trying to get someone who can explain to us what is happening?

With a Sener Trader logo change and new stock image CEO, the same scammers behind Eagle Gates Group are hoping you fall for the same fraudulent business model again.


Update 15th November 2018 – Japanese police have arrested eight individuals they believe were behind Sener Trader.