ANSWER CentreForex is not a regulated or licensed broker for traders even though it states offers that look good to be true.CentreForex claims it was started out in 2000 as a new broker with efficient and well regulated broker. But when we checked its domain, we found it was created in 2009. So how could it start its business in 2000? It is a red flag here.Besides, CentreForex claims to be regulated while presenting no details about its regulations. CentreForex only claims it providing services in the cities of Sharjah, Abu Dhabi, Dubai, Al Ain and Ajman. According to this information, we searched some regulatory authorities, including the Dubai Financial Services Authority (DFSA) and the Abu Dhabi Global Market (ADGM). However, there are no results matching this broker in the above watchdogs' registries. The truth is, CentreForex 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 CentreForex and trade with licensed brokers.
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