Choosing the right broker for collaboration is at least 50% of your future trading success. Therefore, it is definitely worth spending a little more time to study all the terms of cooperation. Today, we provide you with a WtCentral review, in case you are considering this company.
Is WtCentral a Trusted Platform?
First, you should start by verifying where the broker is registered and how it is regulated. According to the WtCentral website, its managing company is called Eminent LLC, which is listed in the offshore registry of Saint Vincent and the Grenadines. We checked this registry and found that such a legal entity does indeed exist. This company was incorporated in February 2024. However, there are some peculiarities.
The homepage also states that the broker is regulated by the FSCA, a South African regulatory body. Why would it be involved with a Grenadian company? No license number is provided. A search for the company name yields no matches. Thus, we conclude that WtCentral does not have a license and its services are not regulated.
Concerned About Withdrawal?
Unfortunately, the broker has not provided any information about deposits and withdrawals. The site lacks necessary withdrawal and refund policies. This is certainly not the norm for an honest and transparent broker. There is no information on fees or processing times for requests. It gives the impression that WtCentral has something to hide.
How Long Does The Broker Work?
While the company did appear in the Saint Vincent and the Grenadines registry in February 2024, we suspect that its actual operation period is even shorter. Archived records clearly show that as of April 2024, the site had no content and was generally inaccessible. Content was added much later. Therefore, the real operational period of the project is only a couple of months. Attention! This review belongs to InvestExpertHub.
Other Signs of Fraud
❗Registration on the site is closed. There isn’t even a registration button. This is also not normal for a broker that supposedly operates legally.
âť—None of the addresses listed on the website correspond to actual WtCentral offices on maps.
âť—Trading conditions are not specified in detail. Clients have to figure out the minimum deposit, leverage, spreads, commissions, and other important details on their own.
WtCentral Review Conclusions
It turns out that the broker is not as reliable as it might seem. It has no license and was created not so long ago. Therefore, before starting to cooperate with them, it is worth considering all the shortcomings and anticipating possible risks. It may not be such a good option after all.
âž•Several contact numbers for customer support.
âž–No license.
âž–Short operation period.
âž–Incomplete website, with many documents and policies not disclosed.
FAQ
How is WtCentral regulated?
WtCentral claims to be regulated by FSCA, a South African regulatory body, but there is no license number provided, and searches do not confirm this claim.
Is it safe to work with this broker?
It does not appear to be safe to work with WtCentral due to its lack of proper regulation and transparency.
How can I get my money back?
To recover your money, you should contact your bank or payment provider for a chargeback and report the issue to relevant financial authorities.
Brief Conditions
|
Type |
Forex |
|
Location |
Saint Vincent and The Grenadines |
|
Establishment Year |
2024 |
|
Regulation |
❌ |
|
Customer Service |
+442820140005 |
|
Languages |
En |
|
Demo Account |
❌ |
|
Mobile Trading |
âś… |
|
Web-based Trading |
âś… |
|
Bonuses |
❌ |
|
Minimum Deposit |
❌ |
|
Max. Leverage |
❌ |
|
Scalping Allowed |
âś… |