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CentoGX has licenses or not?
Luke Ignacio
Guinea
Sep 02, 2022
ANSWER Cento GX is not a licensed or regulated broker even though it states offers that look good to be true. Cento GX claims to be a reliable broker without presenting any information about its regulation. Lacking regulatory information may be a distinct signal of an unlicensed broker, as regulated brokers always present their certificates and licenses in a prominent position. It is a red flag. Cento GX also claims that it has offices in the United Kingdom, Canada, Austria, Poland, and Spain. So we searched in several regulatory bodies in the above countries, including:1) The United Kingdom Financial Conduct Authority (FCA) 2) The Investment Industry Regulatory Organization of Canada (IIROC) 3) The Austria Financial Market Authority (Austria FMA) 4) The Polish Financial Supervision Authority (PFSA or KNF) 5) The Spain Comisión Nacional del Mercado de Valores (CNMV). First, we did not found any results that matched this broker in FCA, IIROC, FMA, or KNF. Second, when we searched in CNMV, we found a warning against Cento GX issued by CNMV. CNMV claimed that Cento GX is not authorised to provide the investment services. You can check the full warning from here. The truth is, Cento GX is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Cento GX and trade with licensed brokers.
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