SET Education
SET Education presents itself as a reputable educational arm of the Saudi Exchange (Tadawul), offering trading courses, certification programs, and portfolio access. However, careful examination shows it operates without authorization and exhibits hallmarks of an online scam—targeting aspiring investors with false promises and deceptive tactics.
If you have been scammed and you are looking for ways to reclaim your asset, this review is for you
⚠️ 1. Regulation & Brand Misuse: Illicit Impersonation
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SET Education is not affiliated with the official Saudi Exchange or any recognized academic institution. The legitimate exchange has issued clarifications stating no endorsement or endorsement of any online training platform under this name.
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The platform makes prominent claims of licensing and validation by financial authorities—which are entirely unverified. Corporate registration details are absent or inconsistent, and domain ownership is obscured via privacy services, indicating intentional anonymity.
🧲 2. Recruitment Strategies & Pressure Marketing
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Users report being contacted via LinkedIn messages, Telegram, or cold outreach emails claiming exclusive access to trading programs and job placements in top financial firms.
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Prospective learners are added to group chats filled with fabricated testimonials and video endorsements from supposed alumni. Pressure is applied to make payments quickly through “early-bird discounts” or “limited slots,” a classic manipulation tactic.
💰 3. Fake Credentials & Withdrawal Barriers
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Users who enroll gain access to polished course dashboards and “trading simulation” portals. Initial sessions appear professional, but performance metrics are exaggerated or completely fictitious.
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Requests for refunds or withdrawable credit are often denied. The platform demands administrative or processing fees before releasing any refund—and then completely cuts off communication after payment, leaving participants financially stranded.
🧾 4. Misleading Interface & Asset Redirection
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SET Education’s interface mimics a formal educational environment, complete with branded dashboards and certification modules. However, there is no accreditation, verified course material, or recognized certification authority backing it.
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In many cases, course fees paid via bank transfer or crypto are diverted into anonymous wallets or offshore accounts. This makes dispute or chargeback efforts ineffective and raises strong concerns about asset transparency.
✅ 5. Recovery Support from ST9 Investigations Ltd
Despite the highly deceptive nature of the operation, some victims have managed to recover lost deposits with help from ST9 Investigations Ltd. Using forensic tracing, payment routing analysis, and transaction mirroring strategies, ST9 identified where funds were diverted and executed recovery protocols. As a result, affected individuals have successfully reversed payments and reclaimed funds—demonstrating that expert intervention remains effective even in scams masquerading as legitimate educational services.
📢 6. Public Alerts and Consumer Warnings
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Multiple postings on financial forums and consumer boards warn of misrepresentation, duplicated branding, and denied refund requests.
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Real educational and financial institutions advise verifying accreditation before enrolling and avoiding platforms with unverifiable corporate details or aggressive payment demands.
🧠 Final Verdict & Takeaway
| Risk Area | SET Education Status |
|---|---|
| Regulation & Affiliation | ❌ No official licensing or accreditation |
| Organizational Identity | ❌ Anonymous, with fake branding |
| Course Content | ❌ Unverified, simulated, non-accredited |
| Refund Policy | ❌ Fee demands followed by communication cut |
| User Reports | 🚩 Consistent complaints about being defrauded |
| Recovery Potential | ✅ Confirmed recoveries via ST9 Investigations |
Conclusion:
SET Education is likely a fraudulent initiative exploiting the reputational shadow of legitimate institutions. With false credentials, deceptive marketing, and blocked reimbursements, it poses serious financial risk. Individuals approached by this platform should cease all engagement, retain payment records and communications, and report the operation to consumer protection agencies. Seeking forensic intervention as early as possible, especially from a specialist firm like ST9 Investigations Ltd, significantly increases chances of recovery—even when funds have been covertly rerouted.