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Operating status: SCAM
Website: https://www.central-financial.net/
On 21 Sep 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Central Financial is a clone of appointed representative. The fraudster is using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/central-financial-clone-appointed-representative
Central Financial claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
In addition, this broker also claims to be located in the UK. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against the scam in UK FCA.
UK FCA issued a warning that Central Financial is a clone of appointed representative. The fraudster is using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm.
The truth is that Central Financial is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
On 24 Oct 2022, BrokersView found the domain https://www.central-financial.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.
On 24 Oct 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Central Financial is a clone of appointed representative. The fraudster is using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/central-financial-clone-appointed-representative
BrokersView has found that Central Financial is using a new domain, https://www.central-financial.net/, to scam.
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