Reported as a scam / unregulated
Why CentreForex is on the register
CentreForex claims it was started out in 2000 as a new broker with efficient and well regulated broker. But when we checked its domain, we found it was created in 2009. So how could it start its business in 2000? It is a red flag here. Besides, CentreForex claims to be regulated while presenting no details about its regulations. CentreForex only claims it providing services in the cities of Sharjah, Abu Dhabi, Dubai, Al Ain and Ajman. According to this information, we searched some regulatory authorities, including the Dubai Financial Services Authority (DFSA) and the Abu Dhabi Global Market (ADGM). However, there are no results matching this broker in the above watchdogs’ registries. The truth is, CentreForex is not under valid regulation by any regulators to do forex. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.