CentDesk Review: Cryptic Forex Scam

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CentDesk Review: Cryptic Forex Scam

CentDesk ( is a blacklisted platform that recently made its way on the Forex trading world. Cent Desk is offering investment opportunities in commodities, Cryptocurrency, Forex, and stocks. They claim to be an award winning broker and yet we see no credits on their website. These are scam artists who are using the same tactics to fool unsuspecting European investors. Read this genuine and transparent CENTDESK Review for more details.

CentDesk Review

About CentDesk

The company behind this platform is known as CentDesk Capital UK Limited. These scam artists have decided to claim UK address for obvious reasons. They want traders to know they come from a reputable area and thus, their services would too. And this is where we draw the line as CentDesk is another anonymous platform using false information. Investors should stay away and ensure they use approved and reliable brokers at all times. With the right broker, you stand a chance of winning big and staying safe.

A closer look at their about us page leaves a lot to be desired. The platform does not have any meaningful information regarding their history. One issue we have with their company is that it is not on any Company register in the UK. These scam artists are using a random company with no company registration. CentDesk is anonymous and they give no information regarding founding and staff members. It is better to deposit funds with a reputable broker known by the trading community.

Asset Index

CentDesk is furnishing members with Bonds, Commodities, Cryptocurrency, Forex, Futures, and Shares. The main selling point of this scam is they claim to offer a guaranteed profit margin. With such a guarantee, unsuspecting investors have signed up without a second guess. And this is what makes it a huge scam. Smart investors and traders know that there is no such thing as a guaranteed profit income. The market is volatile and price changes without warning making profit guarantee next to impossible.

Business Owner

To throw off investors, these scam artists have used two different business owners. At the footer of their homepage, you can clearly see CentDesk Capital Limited as the owner. On their about is page, they claim the platform is owned by ATA Trading Limited. Scam artists will do or say anything to try and make their platforms appear legit. And this is why we have to expose this lousy online scam. Stay away from it and if you plan to trade digital currency use safe products. An excellent way to profit from digital currency is using a vetted Crypto mining company. Why not get your own coins?

Domain Details

We checked with the domain register to try and see their history. It turns out the platform has been operating for years without getting a valid license. Details clearly show the website was created on 20th September 2017. These scam artists have been operating without a license and no regulatory took notice. With the complaints starting to come out, we are sure authorities will investigate and shut them down. It is sad that members have to face a brutal platform for all those years.

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License and Registration of CentDesk

CentDesk FCA Warning License and Registration

When it comes to their license and registration, the entire website has no information. It is expected that a platform posts their license and registration number for all to see. These scam artists have posted a certificate which is tiny no one can see. Even if you try and click on the posted certificate, no details can be seen. And this is a new tactic scammers are using to trick investors. They know investors believe anything they see and no one will care to verify the document.

What we did was contact the same regulator they claim has given them a trading license. The Financial Conduct Authority has issued a warning regarding this platform. CentDesk is NOT LICENSED OR REGISTERED to offer any trading services. And this is a deal breaker as it means members do not have their deposits insured. Go for platforms that have been tested by the regulators and issued with a valid trading license. Other regulators in the region plan to post their warning soon.

Limitations of CentDesk

Account Details

The platform has mix information regarding the account details. CentDesk is claiming to have a single account for all trading. A closer look at their portfolio management page reveals some misinformation. The portfolio page shows users can choose different packages with different expected ROI.  Pro industry fund account has an expected ROI of 27 percent while pro tech fund has 32 percent ROI. There are other funds with expected ROI which as we said earlier, will never materialize.

CentDesk Investment Package ROI

Account Features

Coin Desk claims to offer different account features but the minimum deposit stands at $100. Some of the advantages they claim include PMS investor benefits. They claim to offer rescue levels which allow traders to take control of their accounts. These are all false claims as traders give control to the broker once they make the deposits. Such scams are on the rise especially those who deal with Crypto currency trading. And this is why our readers should stay alert and avoid such platforms.

Contact and Support

They claim to have a 24/5 multilingual support and yet, we could not reach them. Cent Desk uses emails as their means of communicating. The phone number listed does not take support calls and instead, ask for your contact. Members should expect to get a call from one of the brokers once they give out their contact details. It is wise not to give your contact details to unknown third parties. The platform should have live chat which is efficient in today’s online trading world.

Demo Account

Cent Desk is using a demo account that is straight from another trader’s demo account. They demo account is no way related to how their actual trading platform works. The demo account does not have Crypto assets which makes it hard for digital currency traders. Another problem we spotted with their demo account is lack of advanced tools and slow execution speed. If this is what their real trading platform looks like, members have a huge problem. Their demo account is unhelpful and slow to say the least.

Trading Platform

According to their platform page, they claim to use MT5 trading platform. Once you sign up and get an account, you are shocked to see a web based account. The MT5 sticker is meant to entice traders to sign up with them. Their actual web platform lacks basic security features such as DDoS and SSL encryption. It makes the platform highly unstable and a huge security risk. The unstable platform is an easy target for third party attacks. Members are putting their bank details at risk when using the platform.

Safety of funds with CentDesk

When it comes to how safe funds are, centdesk is nowhere near what a platform should offer. With one account type, it means they are segregating funds in a single statement. The industry has banned pooling of funds in one account which CentDesk is clearly following. Stay away from their platform as they don’t participate in a compensatory scheme. With deposits not insured, traders should never expect any compensation. It is best to stay away and use expert recommended products and services.

Scam or legit CentDesk

CentDesk MT5 trading Platform

The evidence is overwhelming; CentDesk is a scam and will remain so. With the FCA issuing a warning, it is clear the platform is owned by shoddy characters. Warn your family and friends from joining any of their affiliate programs. Avoid giving your contact and bank details to people who act as their call agents.

Bottom line

We will be adding this platform to our scam blacklist to help stop the spread.

We wish everyone a lucrative and safe trading experience.

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