CentroBanc is 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. It is NOT SAFE to trade CentroBanc. We never advise trading with an offshore broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no any guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.
| 🗺️ Registered in | Marshall Islands |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is CentroBanc safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
CentroBanc is a broker offering a variety of Forex pairs and CFDs. The company is owned and operated by Sucaba Enterprise Ltd. based in the Marshall Islands.
The Centrobanc itself is located in Liechtenstein and judging from the phone numbers of Customer Support (Italian, English, German and Spanish) is targeting EU residents without being authorized in any of those countries.
Moreover, Austrian FMA has recently issued a warning against Sucaba Enterprise Ltd. (CentroBanc) stating that the firm is not entitled to carry out banking transactions in Austria that require a licence.
Also, they emphasize that there is no connection between the operator of the website www.centrobanc.com and Raiffeisen Centrobank AG (regulated and trustworthy entity).
We recommend dealing only with properly licensed brokers that provide sufficient security to clients’ funds. Reliable and well-respected financial authorities such as UK’s FCA or Australia’s ASIC have strict requirements for the licensed brokers (Read about forex trading Australia) and participate in funds compensation schemes (for example, Financial Services Compensation Scheme from FCA that insures up to 50 000 GBP of the traders’ capital). Check the list of the FCA-regulated brokers here.