When you land on their homepage, CentoGX looks like a formidable investment option. However, once you deposit funds, that’s when the platform’s real colors show. Cento GX is nothing but a risky forex investment platform. For those new to forex trading, you must stay away from centogx.com. There are complaints from members who claim the platform is blocking their withdrawals. Please find out more in our detailed CENTOGX REVIEW.
When you land on their about us page, you get to see several different accolades. If you are the type to get swayed easily, the platform has you sold. Thanks to our keen eye, we will expose why CentoGX is playing with your mind.
None of the accolades and the wards have their name engraved on them. In fact, these are award logos that anyone can download from the web. If they really belonged to the platform, the logos would have their name engraved on them.
What we have is an attempt to fool investors with their awards. There’s no one from their team on record receiving these awards. It’s how we know that the platform will use any trick in the book to try and fool investors.
When looking for a viable investment platform, go for authentic investment options. There are innovative ways of investing that offer real results. Make sure to use Coin staking, DeFi, or Masternoding as creative ways of earning returns.
The platform claims to offer investors a chance to have financial independence. But, far from it, the platform will likely take your funds and block your access. We have seen this type of platform before, only with a different name.
To get a head start, you need to do due diligence before investing in any online platform. Get to read reviews that help expose a platform’s weak points. It would help if you also looked out for experienced users before making any rushed decisions.
CentoGX offers investors five account types to choose from. These accounts include Basic, Silver, Gold, Platinum, and VIP. All accounts come with a personal account manager. Here’s a closer look at each of the accounts;
Basic
It’s the account for newbies, and users must deposit $250 to start using the platform. There’s a free 7-day trial with this account. The platform claims to offer expert managed account services during the trial period.
Silver
With the silver account, members must deposit $10,000 to start investing. There’s a 30-day monthly trial with guaranteed access to 5 financial markets. The platform also offers members a 30 percent welcome bonus.
Gold
For the gold account, you must deposit $50,000 to start using it. Some of the perks include customized classes and a personal market analyst. Other notable features include 1 free weekly withdrawal and a 50 percent welcome bonus.
Platinum
You have to deposit $150,000 to start using this account. There’s a 70 percent bonus, and the leverage is set at 1:50. You also have access to what they call the ‘platinum market’ for fast execution.
VIP
It’s the most executive account, and you only get in via invite-only. There are no swaps with the platform promising 50 percent trading insurance. You also have WhatsApp access to a financial analyst.
We have a huge problem with the account managers. Instead of helping clients make sound financial decisions, they solicit funds from them. As a result, you will get calls from these managers asking for more funds.
The managers claim that the more you deposit, the higher your chances of winning. We all know this is far from the truth. We believe CentoGX is hiring call agents to act as account managers. Unfortunately, we don’t have a single profile of any of the account managers.
Despite offering investors a welcome bonus, it’s a trap to ensure users deposit higher amounts. When the time comes to withdraw funds, the platform will refuse access. You will have to pay back the bonus amount in full.
And this is why most regulators are against platforms that offer bonuses. There’s no reason to offer a ‘bonus’ and later ask for it. In other words, the platform is offering loans in the name of bonuses.
Cento GX is not a licensed platform and does not hold any license. However, the platform claims to have accolades in Canada. Yet, shockingly, the Canadian regulator does not have any platform licensed with the above name.
Without any regulatory framework, cento GX is free to operate as they want. And this is why they impose loans in the name of bonuses. You should make sure to confirm with regulators whether a platform is complaint.
Go for platforms that are regulated by ASIC, BaFIN, CNMV, CONSOB, and CySEC. Other reliable regulators include the FCA, FMA, FSA, NFA, and the SEC. These regulators ensure everyone follows the set industry rule book.
The platform fails to mention whether they are compliant or not. There are no documents to prove it, which makes them untrustworthy. Every platform should come clean with their regulation.
With the ability to manipulate the mind, the platform uses catchy words to reflect its message. You will notice that you only read the testimonial with no face associated with it. And this is meant to stir up emotions and send you into a frenzy.
A real testimony from a client includes a video presentation of them actually trading. It would be best if you also saw the client withdrawing funds to believe it’s the case. So don’t believe everything you read on the website’s client testimony page.
On their contact page, the platform appears to have contacts all over the globe. However, it seems their headquarters is in the UK. Other offices in the region include Barcelona, Vienna, and Austria. The platform also claims to have offices in Toronto, Canada.
We believe the platform is employing the services of a virtual phone service provider. But, unfortunately, it makes it extremely difficult to pinpoint their exact location. And this gives them the chance to swindle clients residing in Europe and North America.
Instead of offering users a real demo account, the platform offers trial tests. It’s not fair for the newbie account, who is given seven days to master trading. A real platform will offer users an unlimited demo account.
With the right demo account, you learn the basics of trading. You also get to learn how to use platforms such as MT4, MT5, and SIRIX. Sadly, the platform gives little time to get used to their custom-built trading terminal.
Depositing funds with the platform is straightforward. Cento GX ensures anyone from any part of the world can fund their accounts. You can deposit using a bank or wire transfer. After signing up, you get an email with instructions on which account to deposit funds.
Your balance will reflect on your trading account within 25 hours. However, withdrawing funds from the platform remains a challenge for most members. Nearly half of them get stuck in this process before giving up entirely.
The security of funds is not possible with a platform that fails to offer investors a real safety net. None of the deposits made get any insurance cover. Without a safety net, once you deposit funds, it’s in the hands of unknown persons.
Here are the reasons why we don’t recommend using this platform
Now you have the reasons why we believe CentoGX is a risky investment platform.
Get to become a better investor by using proven investment options. Go for reliable platforms that experts highly recommend.
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