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Cento GX

United Kingdom|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

https://www.centogx.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
MicrontisSL-Demo MT5
Server Location United States

Contact

+44 128 433 4982
info@centogx.com
https://www.centogx.com/
330 High Holborn Holborn Gate, London WC1V 7QT, United Kingdom

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 128 433 4982

English

+43 720 360 766

English

+1 647 349 3656

English

+34 930 302 792

Broker Information

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Company Name

Cento GX

Company Abbreviation

Cento GX

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-02-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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Cento GX · Company Summary

Note: Cento GX is to operate via the website - https://www.centogx.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Regulation No Regulation
Market Instrument forex currency pairs, stocks, indexes, commodities, and cryptocurrencies
Account Type Basic, Silver, Gold and Platinum
Demo Account N/A
Maximum Leverage 1:50
Spread (EUR/USD) 0.7 pips
Commission N/A
Trading Platform MT5/web
Minimum Deposit €250
Deposit & Withdrawal Method crypto methods and a wire transfer

Cento GX is allegedly a 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 on the MT5 and web-based trading platforms via four different live account types.

As for regulation, it has been verified that Cento GX currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.27/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

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

Account Types

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

Leverage

The leverage provided by Cento GX is adjusted based on the account type. Clients on the Basic and Silver accounts can experience leverage of 1:20, the Gold account has leverage of 1:25, while only the Platinum account holders can enjoy the maximum leverage of 1:50. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

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 Available

The platform available for trading at Cento GX is one of the most notable and preferred trading platforms the market offers - MetaTrader5 and a web trader. The MT5 is highly praised by traders and brokers alike due to its ease of use and great functionality, offering top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

Trading Platform Available

Deposit & 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. However, it does not say anything about the payment methods used for taking out money.

Customer Support

Cento GXs customer support can be reached by telephone: +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.

Pros & Cons

Pros Cons
• Multiple instruments and account types offered • No regulation
• Tight EUR/USD spreads of 0.7 pips • Website inaccessible
• MT5 supported • High minimum initial deposit requirement (€250)

Frequently Asked Questions (FAQs)

Q 1: Is Cento GX regulated?
A 1: No. It has been verified that Cento GX currently has no valid regulation.
Q 2: Does Cento GX offer the industry-standard MT4 & MT5?
A 2: Yes. Cento GX offers MT5 and a web trader.
Q 3: What is the minimum deposit for Cento GX
A 3: The minimum initial deposit with Cento GX is €250.
Q 4: Does Cento GX charge a fee?
A 4: Like every forex broker, Cento GX charges a spread fee. While the information on other fees like commissions, deposit & withdrawal processing fees are missing.
Q 5: Is Cento GX a good broker for beginners?
A 5: No. Cento GX is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and high initial deposit requirement.

User Reviews

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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.
2023-03-20 18:35
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0
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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.
2023-03-09 17:30
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