Central Markets Invest Review – Fake FCA and ASIC Licenses

If you don’t know where to look for details, this brokerage can trick you easily. With the crucial information being hidden from you in T&Cs, it’s quite easy to overlook them.

Luckily, experienced traders know how to recognize scams from a mile away. This company is a perfect example. To find out all about them, stick with us until the end of this Central Markets Invest review.

Legal Info: Is Central Markets Invest Legit Or A Scam?

When a company claims to be registered in the UK, you should be pretty happy about it primarily because it’s quite easy to find out if they are legit or not. As can be seen, this broker presents itself as an FCA and ASIC-regulated firm. If that were the case, we would be the first to choose them.

Thus, when you search those registers, you won’t find them there. Instead, you can only find a warning. Nothing less but from the FCA itself. If that’s not a sign to keep your money away from this firm, nothing will be.

Who Are Central Markets Invest’s Victims?

Since 2023, when this trading brand was established, they have mainly targeted a few countries. Of course, the ones where they don’t have authorization. In the case of this broker, those are: 

• United Kingdom
• United States

To be fair to you, the data is gathered with website analytics since no Central Markets Invest reviews are publicly available. However, to change that, we encourage you to share your experience in our comments section below. Ultimately, our team will reach out to you and advise you on refund options that you will certainly need with this brokerage.

Leverage, Commissions, Spreads, Fees and Taxes

One of the clear signs the Central Markets Invest broker is a scam is its leverage of up to 1:1000. Keep in mind that both ASIC and FCA allow brokerages to offer maximum of 1:30. If they want to operate legitimately, of course.

Another trick here is to hide behind low spreads starting from 0.18 pips and 0% commissions. But will you get such low costs? We highly doubt it.

         Bonuses

What’s surprising about Central Markets Invest Forex company is its bonus offer without clear policies. Therefore, if you accept any bonuses from them, you might get into trouble. 

But if you check out our tips from Raze Markets or Wisevests review, you might still stay safe.

Central Markets Invest Trading Features

Another way to attract inexperienced traders is through advanced features, such as automated trading, that Central Markets Invest trading firm offers. On top of that, there’s negative balance protection, allegedly real-time data, and advanced trading tools. Yet, not précised which ones.

         Trading Platforms Available

Brokerages often have a problem with their trading platform, especially if they don’t use cTrader or MetaTrader. In this case, it’s a proprietary web-based platform with all the mentioned features. But with misleading regulatory details, can you truly trust the company’s platform?

         Available Trading Assets

Overall, tradeable assets are meaningless if the company is not trusted. You’ll often see scam firms offering thousands of investment options. However, you can only expect a bit over 200 assets with this firm, such as: 

• Forex – USD/GBP, EUR/DOT
• Commodities – gold, natural gas
• Shares – IBM, Tesla
• Indices – ASX200, FTSE100
• Cryptos – XMR, SOL

         Account Types

To find out if Central Markets Invest is legit, you just have to check their account types. They will require higher and higher deposits for practically nothing in return. Currently available options are: 

• Basic – €250
• Silver – €5.000
• Gold – €25.000
• Diamond – €50.000
• VIP – €100.000

         Mobile Trading App

Another misleading detail of this fake brokerage is its mobile trading apps. They present traders with iOS and Android links for their CMI mobile app. However, these links don’t work at all. Therefore, the only thing you can expect is a webtrader for mobile.

         Demo Account

You’ll need a whole day of risk-free trading to test out all the company statements. That’s only possible via a demo account and that’s exactly why they don’t offer it. Surely, it’s another reason to choose another broker on time.

         Education

When it comes to trading education, the company doesn’t seem to believe it’s important. There are no webinars, live sessions, or anything that could help you learn how to trade properly. But with an unregulated broker, you can’t expect anything more.

Central Markets Invest Withdrawal

Apparently, there are many instant Central Markets Invest withdrawal methods available. But with all the misleading details, it’s highly unlikely those will ever happen, especially since the company hides all of its fees. 

To be fair, they claim the fees will depend on the bank. Indeed, they do. But the company doesn’t disclose any of its own fees for it.

Customer Support

Usually, top-tier licensed firms offer more transparent contact options and support working hours. The options you should be looking for are phone lines, live chat, and even Skype, which you get with some firms. 

In the case of the Central Markets Invest scam broker, there’s only an e-mail available.

Key Information To Consider About Central Markets Invest

The only detail you should keep in mind with this firm is misleading regulatory information. Proof of that can be found in the FCA warning. Therefore, none of your funds will ever be safe here. Thus, we understand if you trusted this firm for some reason. Even for experienced traders, some things make sense sometimes. 

But most importantly, after a mistake, it’s good to recover from it. Therefore, we suggest that you talk to our refund team to find out how. After all, the first consultation is free. Don’t wait for anything, and hit us up with a message right away.

FAQ Section

What is Central Markets Invest?

Central Markets Invest is an FX and CFD trading firm that presents itself as a trusted broker, and in reality, they are trying to clone a legitimate trading company.

Is Central Markets Invest Legit?

No. Central Markets Invest doesn’t have licenses they claim to have. Therefore, we advise you to withdraw your money immediately or contact us for advice on refunds if you have problems.

Who Owns Central Markets Invest?

According to the T&Cs, the company is owned by Central Markets Invest LTD. Thus, that detail is, as it seems, forged.