CentoGX Broker Review – How We Exposed CentoGX.com Trading Scam

Our involvement in uncovering the truth about CentoGX is imperative since it has defrauded many. Despite your conviction that you’re in the right place, there are things you should know before giving away your money.

Discover everything you need to know about CentoGX in our unbiased review.

We invite you to read our scam broker reviews for Swiss29, MEX Atlantic, and Glenrocks.

1. Scam Broker Status: Unregulated
2. The company is not licensed or regulated.
3. Websites of scammers: www.centogx.com
4. Operational Status: Active Forex Trading Scam
5. CNMV, FSMA, CONSOB, and BaFin have blacklisted this business as a scam
6. Owner of the broker: N/A
7. Country of headquarters: UK (allegedly)
8. Year of foundation: N/A
9. Platforms for online Trading: WebTrader
10. Mobile Trading is available.
11. The minimum deposit is 250 euros.
12. A 75% deposit bonus is available.
13. Trading Crypto Assets: Available
14. Trading CFDs is an option: Yes, you can trade CFDs
15. Traders can trade Forex (FX), commodities, indices, shares, and cryptocurrencies (Cryptos).
16. Maximum leverage of 1:50 is allowed.
17. No Islamic Accounts are available.
18. No free demo account; only live trading accounts are available.
19. US traders are not accepted: US traders are not accepted.
20. Fraud Protection Experts’ Verdict: Don’t Invest in This Scam Broker!

Is CentoGX Regulated? – Why Does It Matter?

Starting with regulation, let’s discuss its importance. To obtain a Tier1 license from the FCA, BaFin, ASIC, and similar, your broker must maintain a compensation fund of at least 730,000 EUR and keep your funds in a segregated account. It means more security and transparency for you as a client.

In light of CentoGX’s claims of being based in the UK with offices in Canada, Spain, and Poland, it ought to be licensed at least to Tier 1.

To track Cento GX’s regulation, we checked with the FCA, KNF, CNMV, and several Canadian regulators.

What’s Wrong With A Trading License?

To put it simply, there is no license. There is no trace of the broker, meaning it operates illegally. Hence, it can quickly be based in an offshore country and laugh at us for trying to find it in the UK. 

Consequently, we strongly recommend you avoid CentoGX trading scams.

Let us start by saying that SwiseInvest, Victoria Coins, and GeverestFX are fraudulent brokerage companies.

Warnings Against CentoGX Fraud

Some CentoGX complaints led regulators to issue official warnings and investigate this fraudulent investment firm. 

Warning Issued by CNMV

In October, the Spanish regulator CNMV warned Cento GX forex brokerage it operates without authorization. FSMA and CONSOB republished this warning later on.

According to our latest information, the German BaFin has officially started investigating the CentoGX scam.

Where Is CentoGX Trading Scam Active?

You’ll notice a pattern in CentoGX reviews. Among the most common complaints and comments are:

• Netherlands
• Germany
• Canada
• Poland
• France
• Spain

As well as Belgium, Italy, Australia, and other countries, we’ve heard the broker is present there. The Cento GX investment company is unregulated, and involvement can put your funds at risk.

False Claims About Awards

The first thing you’ll notice about the broker’s website is its claim that it has an award-winning trading platform. As you scroll down a bit, you’ll find that it was allegedly the best financial broker in Canada in 2021, the fastest-growing broker, and the best-performing broker in Europe in 2018.

It was impossible not to be reminded of C4U Capital with the same awards from the same publications.

These companies have the same Account Type section, so we suspect they’re all part of the same scheme.

What to Do If You Fall For CentoGX Fraud?

We can assure you that you are not the only scam victim associated with this unreliable Forex and CFD trading provider.

Many people have been able to get refunds from this investment firm with the assistance of Global Fraud Protection.

Get a free chargeback consultation with our chargeback specialists by chatting online with us. 

Now is the time to get your money back.