Financial Centre (financialcentre.com) Details | Scam or Not ?

 

Is Financial Centre (financialcentre.com) Legit or a Scam?

This is the most important thing you need to know about a broker before using it. Is Financial Centre (financialcentre.com) regulated ? Is it an offshore company ?

Most brokers are unregulated or regulated by an offshore regulation authority which won’t help you in case of problem. Keep in mind that if a broker steal your funds, you won’t be able to complain about it unless they are licensed by a serious regulator such as:

• The Cyprus Securities and Exchange Commission (CySEC)
• The Financial Conduct Authority (FCA)
• The Australian Securities and Investments Commission (ASIC)

An unregulated broker is clearly not authorized to operate in any regulated country and you should definitely not put any money into it. You should definitely avoid any unregulated or offshore trading compagnies!

How Online Trading Scams Work

The common used strategy by fraudsters is to first display some winning trades on your account to give you the impression that you are quickly and effortlessly making money. This allow them to gain some trust and confidence from you. Their next step is usually asking you to invest more money or get some friends and family to invest in order to get the maximum funds they can from you.

When they feel that you are not able to invest any more money into the scam, they will simply suspend your account and you probably won’t hear from them any longer. Many scam firms fraudulently claim to be based in a regulated juridiction using fake addresses and regulation licences in order to look truthfull in the eyes of future clients.

Don’t fall into their trap.