Financialcentre.com is another suspicious broker that you should not sign up with unless you want to lose your money.

Yet this broker claims that they’re “Your world financial centre” and they’ll help you “build generational wealth”.

The website also proclaims that people can benefit in both the bull and bear markets through the Financial Centre trading platform.

Making these statements helps the scammer to persuade the financially naive that trading is simple and profits will be automatic. Furthermore, The Financial Centre is using a professionally-designed website with clever mix of colors and text to attract attention and make their brokerage seem legitimate.

The Financial Centre broker review: Why this is a sophisticated scam

The Financialcentre.com website is so full of red flags that are hard to miss. Here are some of the reasons why your funds won’t be safe if you transfer them to these guys:

• Lack of a Forex broker license
• No physical address
• The company publishes fake reviews to mislead potential clients
• The scammers running FinancialCentre.com are known to call people incessantly asking for more money (their reason is that clients will make more money if they place a huge deposit)
• The scammers have received very negative reviews from victims who have published their stories on traders’ forums such as the FPA
• The owners of this scamsite is anonymous and only using fake names when contacting potential clients

The list of why Financial Centre is a phony trading platform can go on and on because this is a sophisticated scam that uses a number of well-known tactics to defraud people.

Names of people that Financial Centre uses when engaging customers

They use posh English names such as Chris Klein, Eddy Bauer, Daniel Weber and Michael Lisowsky. This is consistent with how sophisticated scams work on the internet.

For example, in 2021, World Markets was using posh names when engaging clients on email. Similarly, BlueTrading.com and Livetrades.com used posh names when addressing their clients through email.

Do you see how this is consistent? It’s a pattern that we’ve observed over a long period of time.

UK financial authority and the Financial Centre

The FCA warned that it’s not safe to trade with this broker. The consequences of trading with an unregulated broker is that one will always lose their money as rogue brokers don’t allow withdrawal of funds.

When a broker is regulated, there’s always the possibility of solving conflicts between customers and the broker through an intermediary like the Financial Ombudsman. But in the case of the Financial Centre, it may not be possible to solve things amicably.

Now. the best thing to do is to avoid unregulated websites that offer financial services.

Conclusion of this broker review

With so many negative reviews about this broker, we can’t trust that they’ll provide clients with the best service as advertised on their website.

In fact, their website is only making emtpty promises so that potential victims may get excited and act irrationally.

Majority of people are losing thousands of dollars through the Financial Centre because the minimum deposit is very high. They also use high pressure sales tactics to get victims to deposit.

These two combinations make a sophisticated scam, and we’re asking you to watch out.

Thanks for reading this review.