Lack of License Information
The website footer contains a standard disclaimer often found on broker websites. However, it lacks any mention of a license or regulatory authority.
Why is this important?Legitimate brokers always disclose their license number and regulatory body to prove their legitimacy. If such information is missing, it’s a major warning sign.
Red flag: Lack of regulatory transparency. No Information About the Company’s Location
Another major concern is the complete absence of any physical address on the Centymat website.
Why does this matter?
Legitimate brokers disclose their location so that clients know which jurisdiction governs them.
If a company hides its location, it may be avoiding legal responsibility.
Red flag: The broker operates with no clear jurisdiction or regulation.
Suspicious Contact Number
Centymat provides a contact number, but it is not registered to a legal entity and was purchased through IP telephony services.
Why is this a problem?
Legitimate brokers offer verified contact details, including company-registered phone numbers.
IP-based phone services allow scammers to change numbers frequently to avoid complaints.
Red flag: No real customer support or verified phone number.
Very Few Online Reviews
Centymat has almost no presence on reputable review platforms like Trustpilot or Forex Peace Army.
Why is this concerning?
Reliable brokers have dozens or hundreds of real reviews from traders.
Lack of information suggests that the company is new or actively removing negative feedback.
Red flag: Minimal independent reviews online.
Recently Registered Domain
Why does this matter?
Most scam brokers only operate for 3-6 months before shutting down and disappearing with investors’ funds.
Centymat could be another short-term scam designed to steal deposits.
Red flag: Newly registered domain with no established reputation.
Red Flags
Lack of regulatory transparency
No real mobile trading platforms despite advertised claims
Minimal independent reviews online
Newly registered domain with no established reputation
No real customer support or verified phone number
Final Verdict: High Risk of Scam
Centymat exhibits multiple warning signs of a fraudulent broker:
No license mentioned on the website
Does not disclose company location
False claims about trading platforms
Phone number is IP-based, not legally registered
Very few independent reviews
Recently registered website, likely to disappear soon
Recommendation: DO NOT trade with Centymat . If you have already deposited funds, withdraw them immediately before potential restrictions are imposed.
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