Central Margins Review – A Shady Brokerage You Should Avoid

Despite the website being inaccessible, we managed to dig up some dirt on this fraudulent broker. We believe that the website was probably taken down due to numerous complaints. But, do not count out the possibility of this scammer reemerging. That’s why the Central Margins Review is here to ensure this broker remains at the margins. To get more news about central margins review, you can visit wikifx.com official website.

On top of that, we recommend you not invest in the fake brokers FewaTrade, OpoFinance, and TargoSwiss. Do not trade with these unlicensed brokers if you want to save your money!We instantly noticed that the shady broker provided the name of its owner and HQ. The alleged owner is Central Margins Trading Services LLC, based in SVG. When scammers pick their home, they typically go for SVG because the laws there are not rigid or strict at all. However, one thing to note is that SVG’s financial regulator does not supervise Forex trading.

Furthermore, Central Margins wouldn’t be your typical scammer without including a fake address, now would it? Geneva, Switzerland, hmmm. The financial swindler really loves these tax havens.

One thing we appreciate about CentralMargins is the lucid and honest confession about its unauthorized status. The phony even put it out straightforwardly – “Central Margins Trading Services LLC is not required to hold any financial service license…” There’s not much to add here, Central Margins is unregulated as hell and pretty dangerous.
This offshore broker carefully selects its targets. From what we gathered, the main targets of this fraudster are residents of Canada, Romania, Switzerland, and the US.

Switzerland should not come as a surprise since the scammer provided a fake Swiss address. However, it’s hard to pinpoint the correlation between US/Canada and Romania. Nevertheless, wherever you come from, avoid dealing with this dangerous provider.The illicit broker claims to have won various awards, specifically for its platform, which we already covered. That’s easy to say but where exactly are those awards and who presented them? If you were to ask Central Margins that, the cat would surely run away with the scammer’s silver tongue.

Again, we did not find information about the features of the broker’s account types. What we do know is that the minimum deposit used to be $10,000. Let us spell that out for you – T-E-N T-H-O-U-S-A-N-D D-O-L-L-A-R-S! Central Margins should be ashamed! No sane provider would dare demand such a large amount of money.

Here, our scam broker claimed to accept two classic methods of payment – credit cards and wire transfers. There’s no info on fees. Hypothetically, you’ve paid the deposit through one of these two methods. In this case, you should be glad that there are ways to reverse the process but more on that later.

Speaking from experience, some scammers will try to lure you with either competitive spreads or high leverage or both, the latter being a double-edged sword. Central Margins allegedly offered a spread of 0.3-0.4 pips for EUR/USD, which is nice and relatively low.

But the leverage for that major pair is unknown. The only disclosed leverage is for cryptocurrencies – 1:20. For a market so volatile, this could result in huge losses, hence why regulators imposed a limit of 1:2-1:5.