CentroBanc is owned by Sucaba Enterprise Ltd. This broker is new to the marketplace and has already established a following. We will review centrobanc and see if its legit or not. Read on; it will save you from being scammed.
- Centro banc: Essential information to know before trusting them
- A relatively new broker
- What are they offering traders?
- Licensed or unlicensed?
- Signs that you can’t ignore
- Warnings from regulators that you should take seriously
Forex brokers. There are so many of them online that you can use to trade forex. Some of them are legit and some are scammers that are just looking for ways to make money out of other people. Centrobanc is one of the forex brokers that you should get more information from before you can decide if this is a broker that you can use. There are many brokers that have positive reviews and that are recommended. Find out of Centrobanc is one of them or not.
The company isn’t transparent with its history or contact details. This bugs us because almost every forex fraud that is offline had the same issue. If a company is true with its customer base, it won’t hesitate to share its information with them. This is critical!
The first thing that we see is that this forex broker isn’t even a year old. Meaning that there isn’t really much information about them and reviews that you can read.
This means that people are trying to use them before they can know for sure that they are legit or a scam. The older the forex broker is, the more likely it is going to be a legit broker. Especially, if they have lots of positive reviews. And, this isn’t something that you will get from Centrobanc. They have started the company in 2018 and is a new company without any real reviews yet.
They are offering two different platforms that you can use to start trading. The one is a popular, and common uses platform. The other one is an unknown platform that isn’t recommended by experts.
They are offering platforms that are easy to use and to understand. Bonuses are also something that they had offered before. It is unclear if they are still making use of bonuses. They trade in more than just forex. This can be a great thing for expert traders, but this doesn’t mean that they have more knowledge of trading. The minimum deposit is $250, and the maximum leverage is 1:1000. The spreads are floating and adjustable depending on your account.
4 different trading accounts
- ECN: Electronic Communications Networks
- PAMM: Percentage Allocation Management Module
- Gold: $5 000 – $10 000
- Platinum: $10 000 – $25 000
- VIP: $25 000+
They are unlicensed. Meaning that their online business isn’t registered and they aren’t really allowed to trade in anything. But, because people don’t realize that this is really essential information to know, they are still trading with them, even if they are unlicensed.
If they are unlicensed, they are also unregulated. Meaning that they can do just about anything, and you can’t do anything about it. If they decide to frozen your withdrawing, then you can’t really do something about it.
There are many signs about Centrobanc that suggest that they aren’t legit. And, you can’t ignore this for sure. It is important to make sure that you know all these signs so that you can see for yourself, that this isn’t the most recommended forex broker that you can use.
The first sign is for sure that they are unregistered and unregulated. And, that they are a company that isn’t a year old yet. The most important thing to consider. They don’t really have great customer support. Customer support is really important when it comes to brokers. This is so that you can get the assistance when you are having problems with the platform or with withdrawing. And, for sure you can’t count on Centrobanc for assistance.
There isn’t any clear information about them. Not about their country of origin, their address or the brokers that are working for them. Why don’t they give this information out? Maybe they have something to hide?
Centro Banc hasn’t been in the business for long, and its already showing common signs we find in a fraud broker. Bad customer support is among these traits. We are sorry to report that this broker has one of the worst customer support team in the business. They don’t help the customers. Instead, they intimidate them to put more money into their accounts. Yes, many user complaints are sharing this same story.
There are a couple of bad reviews from previous users. Users and traders that are warning people against Centrobanc. Complaints about them are also everywhere. A lot of complaints for a company that is just a year old.
This is the most important signs that Centrobanc is not a recommended forex broker and that they even might be a big scam. There are many warnings about the regulators about this forex broker. They aren’t recommending to even consider using Centrobanc. And, this is because of many more reasons than just the fact that they are unregistered and unregulated.
If you want to use a forex broker to start trading, then Centrobanc is the last broker that you should consider. They are not a legit forex broker. They have a fake address, is unregistered and unregulated. There are many warnings out from the regulators and other users. For sure not a forex broker that you can use to start trading forex without any problems.