Cento GX claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
Cento GX also claims that it has offices in the UK, Canada, Austria, Poland, and Spain. So we searched the United Kingdom Financial Conduct Authority (UK FCA), the Investment Industry Regulatory Organization of Canada (IIROC), the Austrian Financial Market Authority (FMA), the Polish Financial Supervision Authority (PFSA or KNF), and the Spain Comisión Nacional del Mercado de Valores (CNMV).
However, we did not found any results that matched this broker in UK FCA, IIROC, or FMA. But found a warning in CNMV. The Spain forex regulator issued a warning that Cento GX is not authorised to provide the investment services in Spain. And KNF issued a warning that Cento GX conducts activities in the field of trading in financial instruments without a required
authorization or power of attorney.
The truth is that Cento GX is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
Cento GX claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. Cento GX also claims that it has offices in the UK, Canada, Austria, Poland, and Spain. So we searched the United Kingdom Financial Conduct Authority (UK FCA), the Investment Industry Regulatory Organization of Canada (IIROC), the Austrian Financial Market Authority (FMA), the Polish Financial Supervision Authority (PFSA or KNF), and the Spain Comisión Nacional del Mercado de Valores (CNMV). However, we did not found any results that matched this broker in UK FCA, IIROC, or FMA. But found a warning in CNMV. The Spain forex regulator issued a warning that Cento GX is not authorised to provide the investment services in Spain. And KNF issued a warning that Cento GX conducts activities in the field of trading in financial instruments without a requiredauthorization or power of attorney.The truth is that Cento GX is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.