Centro Banc Review Scam Complaint
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Centro Banc is a new Forex broker company that opened in 2018 which is owned by Joshua Partners EOOD. Centro Banc is established as customer aimed business trading and also in risk management, crypto strategies claiming to focus completely on customer satisfaction by successful trades. The broker company is located in Sofia, Bulgaria which not long ago was blacklisted by the financial authorities in Australia and Italy for targeting the citizens of European Union without any legal authorization. After reviewing the broker in the strict sense The Centro Banc seems to be an unregulated offshore forex and Contract for Difference broker.
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About the Centro Banc:
Centro Banc is a Forex broker that offers the investors two types of platforms to use for forex trading .The first one is the Meta Trader 4 software and the other one is panda trading platform which is web based platform. Panda platform is easy to use and easy to learn for the new investors with its easy to use user interface. They claim to offer trading on various assets other than forex like Commodities, crypto coins like Litecoin, Bitcoin, Ethereum, Ripple, Dash, Monero ,Swisscoin to name a few and stocks but after going through the platform of the Centro Banc broker ,and after testing ,it was found that the option for trading with the coins were not available. Centro Banc offers trading in as much as 54 currency pairs as well as CFD trading on oil, gold, silver, natural gas etc.
The minimum requirement of the broker for trading on a newly created account is as high as $5000 which seems quite unexpectedly high for a company who tend to focus on complete customer satisfaction on their page and even a $14 commission for a lot traded which is unconditionally expensive to trade with the broker while some other well accepted broking companies can give the clients to start trading with as low as $250 and some do not even have any minimum deposit criteria and which is fishy in the Centro Banc case and cannot be neglected.
Is Centro Banc legit or scam?
Having inquired thoroughly and after reading various reviews from the clients about the Centro Banc it has been found that the broker is unregulated and is sure going to lure the new clients into the trap and get scammed and is involved in a practice of scamming you and your hard earned money and we advice the investors to not fall into the trap and avoid investing into the unregulated broking company as it is a scam broker.