Central Plus Finance Review: This Is Not A Real Broker?
Central Plus Finance claims to be a Forex broker with offices in the UK, Ireland, and the United Arab Emirates. However, the platform lacks essential trading licenses from reputable regulatory authorities in these jurisdictions, raising significant concerns about its legitimacy.
So is this company just another scammer like Roldex Pro? Is it possible to recover funds from this platform? All the answers you need can be found in our Central Plus Finance Review.
|Regulated by:||Unregulated Scam Broker|
|Is This Company Safe?||No|
|Have Warnings from:||FCA|
|Registered in:||UK, Ireland, UAE (allegedly)|
|Minimum Deposit:||250 GBP|
|Deposit Bonus:||20% to 50%|
|Trading Assets:||Forex, Indices, Commodities, Stocks, Cryptocurrencies|
|Free Demo Account:||Not Available|
|How to Withdraw from This Company?||Since this company is unlikely to return your money – contact your bank, Financial Regulator, or simply Reach out to us for professional assistance in recovering your funds.|
Legal Info: Is CentralPlus Finance Regulated?
The broker’s website did not provide valid legal documentation; all the information seems fake. After doing some more digging on Central Plus Finance, we found out that the UK’s Financial Conduct Authority (FCA) issued a warning against Central Plus Finance on September 13, 2023.
“This firm is not authorised by us and is targeting people in the UK,” the FCA states, implying that Central Plus Finance is a fraudster.
The phony broker is not licensed to provide crypto trading services. And since this company is not registered with the UK’s Financial Services Compensation Scheme (FSCS), the firm is not liable to compensate clients in case of insolvency.
Make sure your broker legally operates under the watchful eyes of top-tier financial market regulators such as the FCA (UK), CFTC & NFA (US), BaFin (Germany), ASIC (Australia), IIROC (Canada), MAS (Singapore), CySEC (Cyprus), etc.
Let us know if Central Plus Finance scammed you. We can help you recover your money!
Who Are Central Plus Finance’s Victims?
According to godaddy.com/whois, the centralplusfinance.com website domain was created on May 18, 2023. Since then, the financial swindler has been primarily targeting traders who reside in the following countries:
The scam broker is purposefully targeting traders from reputable financial hubs around the world. Do not forget, the FCA blacklisted the platform because the firm is not registered to provide Forex trading services.
Unregulated platforms such as Central Plus Finance and FoxicaTrading are extremely risky. Avoid investing in these foul schemes.
Trader Reviews – Sharing Experiences
At the time of this writing, this firm had only 7 reviews on trustpilot.com with an average score of 2.5 (poor). Trustpilot is aware that “this company has received regulatory attention.”
The reviews scream scam. The traders on the forum explained how this company scheme works and why the platform is not legitimate. We also noticed that there are multiple dishonest and misleading reviews of this platform online, such as the one on biz.crast.net.
Do not trade on unregulated platforms. We can help you find the perfect broker!
Central Plus Finance Trading Platform
Company offers a web platform. In general, browser-based trading terminals are lackluster and oversimplified, not up to par with advanced software. Yet, the shady broker advertises it as if it were some kind of cutting-edge platform.
We know for a fact that this company does not support recognized third-party software such as MetaTrader 4, MetaTrader 5, or cTrader. What’s even worse is that this firm doesn’t offer a risk-free demo account, meaning you cannot log in and try out the platform for a trial period.
Central Plus Finance Account Types
Central Plus Finance allegedly offers four live trading account types:
|Minimum Deposit||250 GBP||2,500 GBP||10,000 GBP||25,000 GBP|
Leverage, Spreads and Commissions
Central Plus Finance’s maximum leverage ranges from 1:100 to 1:400, depending on the account type. Just keep in mind that high leverage is risky, especially if you’re a beginner in a volatile market. High leverage can amplify profits but also losses.
The platform supports popular trading assets and instruments such as Forex currency pairs, indices, commodities, stocks, and cryptocurrencies. However, this firm also did not reveal trading costs, i.e. spreads and commissions.
Central Plus Finance Withdrawal Process
Central Plus Finance listed several payment methods that can be used to deposit and withdraw funds:
- Credit/debit cards;
- Wire transfers;
- E-wallets (Skrill, Neteller, PayPal).
The minimum deposit requirement is a staggering 250 GBP, which is in line with what licensed brokers charge but still not worth risking with Central Plus Finance.
As for the fees, Central Plus Finance claims that there are no withdrawal fees. The broker is unlikely to fulfill your withdrawal request or respect the refund policy, which is why we will tell you a bit more about the chargeback procedure.
Funds deposited via MasterCard and VISA credit/debit cards can be refunded via a chargeback, which can be requested at the issuing bank within 540 days. Wire transfers can be reversed via a recall but this action can only work for transactions that are not yet complete.
Key Facts To Consider About Central Plus Finance
Central Plus Finance is an unlicensed Forex trading scam. The main targets of this company are traders from the US, UK, Netherlands, Cyprus, and Israel.
The platform was recently blacklisted by the UK’s regulator, the FCA. Several traders had issues with Central Plus Finance, which is the main reason why we do not recommend this platform.
If you lost money to the Central Plus Finance scam, please book your free consultation with us and tell us more about your case. If you need professional assistance in recovering your funds, our team will gladly guide you through the chargeback process.
Book your consultation with us today and start the chargeback process.
What Is Central Plus Finance?
Central Plus Finance is a fraudulent Forex and CFD broker with a browser-based platform.
Is Central Plus Finance A Regulated Broker?
No, Central Plus Finance is not regulated. The platform is actually blacklisted by the UK’s FCA.
What Are The Account Types In Central Plus Finance?
Standard, Student, Bronze, and Silver live account types. Do not invest in any of these. If you already did, we can help you get your money back.