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FXCENTRAL Forex broker reviews

  • Website: www.fxcentral.net
  • Year since: 2007
  • Headquarters: New Zealand
  • Company registration: in NZ – FXCENTRAL LTD FSP #: FSP55781
    in UAE – FXCENTRAL COMMERCIAL BROKERAGE LLC, D&B D-U-N-S Reg#: 1068427, License#: 647429
    under RBI as NBFC reg#:000043
  • Regulation: Financial Services Providers Register(FSPR),
    Financial Services Complaints LTD (FSCL), New Zealand.

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Some very Important questions which I expect FX Central Bosses to answer:

1) FX Central went overboard last year proclaiming to the world that they are the 1st Forex Broker to be approved by RBI. They put this ad all over the net and on their website FXCentral.net. But now all that has been removed and they are very quiet. Why ? Did RBI warn them for misleading peoplegines easily in India ?

2) Why is it that their website now does not feature on search engines easily wherein if you type FX Central now in google, you will not find the website easily ?

3) Previously they had all their India offices addresses and phone numbers on the website. But all that has noiw been removed and there are no India office details on their website. Why ?

All this makes FX Central a suspicious broker, unless the FX Central bosses clarify these points. Guys – If these are not clarified you can be sure that this is a fraud company. Do not risk your money !

No. No customer service . Forex requires 24 hours customer service. Are they selling vegetables ? No body picks up phone during night hours . Phone numbers mentioned in web site is out of service.

A fruadulent Broker that has no experience. Recently aquired by the previous owner who was deeply in debt. I would NOT recmend these individuals.

one of the finest broker i have ever seen,

Here is what broker says about their regulation:
“FXCENTRAL has got multiple regulation in the world Fxcentral FZC has been regulated by the DIFC in Dubai, FXCENTRAL LTD New Zealand has been regulated by the NZX Options and FXCENTRAL INC is in the process of obtaining a regulation from NFA which is pending.”

Here is what I can see:

1. The pending status at NFA has been also withdrawn.
Check: http://www.nfa.futures.org/basicnet/Details.aspx?entityid=MOyE%2bJSS1RE%3d&rn=Y

2. NZX regulator has got no such company in the register.
Check: http://www.nzx.com/nzx-customers/market-participants/participant-roles#1

3. DIFC in Dubai has got no such company in the resiter.
Check: http://www.difc.ae/difc-registers/company-register/