Welcome to our review of TheFinancialCentre, a company that boldly labels itself as the future of the trading industry. However, we have uncovered a few facts that cast serious doubt on this claim. Our investigation leads us to a firm belief that we are dealing with yet another scam, and we will present the evidence to support our conclusion.
- TheFinancialCentre General Information
- Registration and Client Portal Review
- TheFinancialCentre Trading Conditions
- Account Types Review
- Trading Platform
- TheFinanicalCentre — Deposit and Withdrawal of Funds
- Additional Options
- Is TheFinancialCentre a Scam?
- Legal Information and License
- Financialcentre.com Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
TheFinancialCentre General Information
|Address||Saint Vincent and the Grenadines|
|Leverage||Up to 1:400|
Registration and Client Portal Review
The website of TheFinancialCentre is a major letdown from the very moment you land on their homepage. It’s like stepping into a design nightmare, with a hodgepodge of bizarre and awkward fonts that create a visually unappealing and confusing interface. It’s as if the fonts were chosen at random without any thought to aesthetics or readability.
Adding to the chaos are the oversized elements and graphics scattered across the site, which overwhelm visitors and distract them from the actual content. Instead of creating a clean and organized layout, the website bombards users with an overwhelming array of visual elements.
The registration process at TheFinancialCentre is surprisingly simple and quick, which may raise eyebrows for traders seeking a reliable and secure broker. Unlike reputable licensed companies that prioritize client safety and regulatory compliance, TheFinancialCentre appears to adopt a rather casual approach to gathering user information.
During the registration, TheFinancialCentre merely requests basic details such as name, email, phone number, and password, without any email or phone verification. This lack of additional security measures could be concerning for those who value safeguarding their accounts and personal information.
While The Client Portal and trading terminal integration may seem convenient, it doesn’t offer any remarkable features. Traders can access essential functions and tools, manage their accounts, make deposits and withdrawals, and adjust account settings, all within the same platform used for trading. However, the absence of unique and standout features may disappoint those looking for a more comprehensive and innovative trading experience.
TheFinancialCentre Trading Conditions
We are genuinely curious to explore what this broker has in store for its traders. Perhaps we’ve been too skeptical, and there might be some surprises waiting for us. Let’s take a closer look and see if TheFinancialCentre can prove itself to be a reputable and promising trading platform.
Account Types Review
TheFinancialCentre offers a limited selection of account types, consisting of Basic, Silver, Gold, Platinum, and VIP. As you progress to higher-tier accounts, the broker claims to increase the number of services and enhance trading conditions.
While this may sound appealing at first glance, it can be seen as a questionable approach. Reputable brokers typically provide a more diverse range of account options, allowing traders to choose an account that best suits their needs and experience level. Limiting the choices to just five accounts may not cater to the varying preferences and requirements of different traders.
Moreover, the aggressive increase in services and trading conditions with each higher account level could raise concerns about favoritism towards higher depositors. This approach may create a sense of inequality among traders, especially for those who can’t afford the higher-tier accounts but still expect fair and competitive trading conditions.
Additionally, TheFinancialCentre boasts high leverage ratios, which can be seen as both a positive and negative aspect. While high leverage may attract traders seeking higher potential returns, it also exposes them to increased risk, as trading with high leverage can lead to significant losses if not managed properly.
The first drawback worth mentioning is the absence of a demo account feature. Traders won’t have the opportunity to practice and test their strategies using virtual funds before diving into real trading. This could be a drawback for those who rely on demo accounts to gain confidence and hone their trading skills.
Additionally, TheFinancialCentre doesn’t offer a dedicated desktop version or a mobile application for trading. Instead, traders have to access the platform through a web browser. While this allows flexibility in accessing the platform from different devices, it may lack the smooth functionality and user experience commonly found in dedicated desktop or mobile apps.
TheFinanicalCentre — Deposit and Withdrawal of Funds
The deposit options provided by TheFinancialCentre are quite intriguing. According to the broker’s FAQ section, they offer convenient methods such as bank cards, bank transfers, and e-payment options. This variety of deposit options is commendable as it accommodates a wide range of client preferences and makes it easier for traders to fund their accounts.
The verification process at TheFinancialCentre is a standard procedure that all clients need to undergo to ensure the security and compliance of their accounts. Once a client completes the registration, the broker requests certain documents and information to verify the client’s identity and financial status.
Typically, clients are asked to provide a valid government-issued ID, such as a passport or driver’s license, proof of address, and sometimes a copy of the credit/debit card used for funding the account. These documents are submitted through the client portal or by email.
TheFinancialCentre offers a wide array of additional options, including access to analysts and trading signals. While these services might seem enticing, we have reservations about trusting them primarily due to the lack of verifiable qualifications of these analysts. The absence of any credentials or certifications raises doubts about the accuracy and reliability of their market analysis.
Furthermore, it’s important to note that to access these additional services, clients are required to have an account with a higher status, not the basic one. This means that traders must upgrade their account tier, which often involves higher deposit requirements, in order to take advantage of these features.
Is TheFinancialCentre a Scam?
When thoroughly analyzing the trading conditions offered by TheFinancialCentre, it becomes evident that the broker lacks several crucial elements that reputable and trustworthy brokers typically possess. These glaring omissions raise significant doubts about the authenticity and reliability of this company.
Legal Information and License
One of the key aspects that reputable brokers prioritize is legal information and regulation. However, TheFinancialCentre disappointingly neglects this fundamental principle. The absence of easily accessible legal details on their website is already cause for concern. To verify their legitimacy, we conducted further investigations and attempted to locate TheFinancialCentre in the registry of St. Vincent and the Grenadines, the jurisdiction mentioned in their Terms and Conditions. To our astonishment, the company was nowhere to be found on that offshore registry. It’s as if they don’t even exist within that jurisdiction at all.
Financialcentre.com Domain Info
Moreover, when delving into the domain information of financailcentre.com, we encountered another puzzling aspect. The “About Us” section on their website fails to offer any concrete details about their operational history and experience. Instead, it is filled with vague statements about their mission and goals, leaving potential clients with an unclear picture of the company’s background and track record.
We conducted a domain check for TheFinancialCentre and found some intriguing results. While the domain itself was registered back in 2000, it appears that the broker acquired it recently. This raises questions about the broker’s intentions and legitimacy, as the significant time gap between domain registration and its recent acquisition could be a cause for concern.
Upon thorough examination, we discovered a significant issue with the broker’s contact information. TheFinancialCentre offers only an email address for communication and omits any mention of a physical address. This limited means of contact raises red flags about the broker’s transparency and overall credibility.
Reputable and legitimate financial institutions in the trading industry typically provide both email and physical addresses as part of their contact information. The presence of a physical address allows clients to easily verify the broker’s location and legal jurisdiction, offering a sense of security and trust. However, TheFinancialCentre failure to provide this essential piece of information leaves traders in the dark about their actual whereabouts and regulatory compliance.
Pros and Cons
- Short lifespan.
- Fake legal data.
- No licenses.
- Negative reviews.
- Dubious additional services.
Frequently Asked Questions (FAQ)
TheFinancialCentre presents itself as a comprehensive trading platform, claiming to provide access to a wide range of financial instruments.
The minimum deposit at TheFinancialCentre is $250.
Our investigation raises doubts about the broker’s credibility, given the lack of transparency regarding regulatory information and the absence of license and official registration.