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Cento GX -

Score

1.43 /10
Danger

Cento GX

United Kingdom

2-5 years

Suspicious Regulatory License

High potential risk

https://www.centogx.com

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Score

Regulatory Index0.00

Business Index6.42

Risk Management Index0.00

Software Index4.00

License Index0.00

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No valid regulatory information, please be aware of the risk

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40G

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Regulatory disclosure

Danger

PL KNF
2024-04-24
Notification of suspected criminal offence punishable under Article 178 of the Act on trading in financial instruments (engaging in activities in the field of trading in financial instruments without the required authorisation or power of attorney) IGM Holdings - operating through the website www.igmholdings.com Cento GX - operating through the website www.centogx.com
Cento GX
IGM Holdings

Broker Information

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Company Name

Cento GX

Company Abbreviation

Cento GX

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Cento GX · Company summary

Note: Cento GX's official website: https://www.centogx.com/ is currently inaccessible normally.

Cento GXReview Summary
Founded2022
Registered Country/RegionUnited Kingdom
RegulationNo regulation
Market InstrumentsForex currency pairs, stocks, indexes, commodities, cryptocurrencies
Demo Account/
LeverageUp to 1:50
EUR/USD SpreadAverage 0.7 pips
Trading PlatformMT5, web
Min Deposit€250
Customer SupportPhone: +44 128 433 4982, +43 720 360 766, +1 647 349 3656, +34 930 302 792, +48 222 954 675
Email: info@centogx.com
Company address: 330 High Holborn Holborn Gate, London WC1V 7QT, United Kingdom

Cento GX is an unregulated forex broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:50 and floating spreads around 0.7 pips via the MT5 and web-based trading platforms via five different live account types.

Pros and Cons

ProsCons
Various trading instrumentsNo regulation
Multiple account typesInaccessible website
MT5 supportedHigh minimum initial deposit (€250)
Tight EUR/USD spreads of 0.7 pips

Is Cento GX Legit?

It has been verified that Cento GX currently has no valid regulation.

Is Cento GX Legit?

What Can I Trade on Cento GX?

From the trading software of Cento GX, we learn that users can trade with forex currency pairs, stocks, indexes, commodities, and cryptocurrencies.

Tradable InstrumentsSupported
Forex✔
Stocks✔
Indexes✔
Commodities✔
Cryptocurrencies✔
Bonds❌
Options❌
Mutual Funds❌
ETFs❌

Account Type/Leverage

Cento GX claims to offer five types of trading accounts - Basic, Silver, Gold, Platinum, and VIP, with minimum initial deposit requirements of €250, €10,000, €50,000, and €150,000 respectively, while the VIP account is only by invitation. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Account TypeMinimum DepositLeverage
Basic€2501:10
Silver€10,0001:10
Gold€50,0001:20
Platinum€150,0001:50
VIPBy invitation only1:25

Leverage of up to 1:50 and a deposit bonus of up to 75% are specified. High leverage creates the opportunity for more substantial profits but accordingly increases the risk of sudden and excessive losses.

Spread

The EUR/USD spread provided by Cento GX is 0.7 pips on average. All spreads with IMS FX are a floating type and scaled with the accounts offered.

Trading Platform

The trading platform on the Cento GX website is the industry's most widely used software, MetaTrader 5 (MT5), but the account registration feature does not work. As a result, we are unable to confirm whether Cento GX provides login credentials to the MT5 server or access to other trading software.

Deposit and Withdrawal

Cento GX appears to accept deposits with crypto methods and a wire transfer. The minimum deposit is €250. The withdrawal area, on the other hand, claims the minimum withdrawal amount to be $100.

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一帆风顺63173
more than one year
I don’t know how they conduct their business? None of the agents at this company know the onboarding process. It has been three months since I have submitted my application. Truly, my recommendation would be not to waste your time with this broker. There are plenty of better brokers. I am loosing time and money with these useless scums.
I don’t know how they conduct their business? None of the agents at this company know the onboarding process. It has been three months since I have submitted my application. Truly, my recommendation would be not to waste your time with this broker. There are plenty of better brokers. I am loosing time and money with these useless scums.
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2023-03-20 18:35
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宫万姓
more than one year
One star for them. Bad Service. Withdrawal does not work. Money will never be back. This is a SCAM Broker!!! I have already reported them to many authorities. They will go to jail, I strongly believe.
One star for them. Bad Service. Withdrawal does not work. Money will never be back. This is a SCAM Broker!!! I have already reported them to many authorities. They will go to jail, I strongly believe.
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2023-03-09 17:30
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