Beware! Central-Broker is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


Central-Broker is an unregulated offshore broker designed for South American clients. In preparing this review, we have determined that this website is not trustworthy and that in all likelihood we are dealing with yet another scam. Let’s take a look at why you would be wise to choose another investment broker.

Central-Broker Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

The most important information about a financial services provider is its regulatory status. Licensed brokers provide detailed information about which company runs them, where it is based, which jurisdictions it is authorised in and which regulatory bodies oversee its activities.

Central-Broker is represented as a trade name of Sinvara LLC, a company based in the Marshall Islands.

This offshore zone has no financial regulator and allows the incorporation of companies entirely online. This makes the Marshall Islands a convenient base for financial fraudsters.

Before investing your money in financial instruments, it is imperative to make sure you do so through a licensed intermediary and not one of the many scammers lurking online.

You should only trust legitimate brokers operating in one of the established financial centres like the UK, EU, USA or Australia. There, the activities of brokers are controlled by powerful regulatory bodies such as UK’s Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Commodity Futures Trading Commission (CFTC) in US or Australian Securities and Exchanges Commission (ASIC). Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.

In the EU and the UK, brokers must also participate in guarantee schemes that cover a certain amount of the trader’s investment if the broker becomes insolvent. These guarantees amount to up to 20 000 EUR in the EU and 85 000 GBP in the UK. However, the likelihood of such a bankruptcy is low because regulators also have significant net capital requirements that companies must maintain – EUR 730 000 in UK and Cyprus, AUD 1000 000 in Australia and at least 20 million USD in the United States.

Central-Broker Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
Central-Broker platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

After registering an account, we get access to a pretty basic web trading platform that doesn’t feature extensive customization options or advanced functionality.

We’ve seen the exact same platform being used by multiple fake brokers we’ve encountered. Scammers are using rigged trading software to fool their victims into believing that their money is really being invested and even turning a profit.

If you use the services of a licensed broker, you will get the opportunity to use established software with advanced features and versions for all types of devices and operating systems. The most widely used trading platforms in the industry are MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

Central-Broker Trading instruments


Central-Broker advertises that it offers trading in over 300 instruments across all major asset classes. But the broker does not provide clear and detailed information on trading conditions.

When you visit the website of a legitimate broker you will find proposals for different types of trading accounts suitable for investors with different preferences, as well as detailed descriptions of trading parameters – minimum deposit, order execution method, tradable financial instruments, leverage, spread, swap, commissions, etc.

Central-Broker Spreads and cost of trading

Spread EURUSD40.611.1
Spread GBPUSD41.31.21.4
Spread USDJPY41.31.21.4

In the trading platform we see an extremely high spread of 4 pips. In the industry, even a level of 2 pips is considered too high and unprofitable for the trader.

Central-Broker Maximum leverage

UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

The trading platform has a set leverage of 1:200. Regulated brokers do not offer such levels to retail traders as trading with high leverage carries risks of sudden and excessive losses. A maximum leverage of 1:30 is allowed in the European Union and the United Kingdom and 1:50 in the United States.

If you are willing to take the risk of trading with high leverage and benefit from bonuses and promotions, the best option is to invest through an offshore division of an established brand.

Central-Broker Deposit and withdrawal methods

The Central-Broker documentation talks about credit card and wire transfer transactions, but at the time of writing this review there were no active payment processors on the deposit menu.

Legitimate brokers typically offer clients a wide choice of transparent payment methods, including established e-wallets such as PayPal, Skrill or Neteller. Scammers prefer cryptocurrencies because these transactions are not subject to refunds.

Central-Broker Minimum deposit

Minimum deposit$250$5$10$5

Central-Broker requires a minimum deposit of 250 USD or EUR. For such an amount you could open an account with any licensed broker in the world. Leading brands offer Micro accounts suitable for beginner investors.

Central-Broker Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
Central-BrokerNot specifiedNot specified$250
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

The minimum amount to be withdrawn is also 250 USD/EUR. Central-Broker does not allow non-deposited funds to be withdrawn, which includes winnings realised when using a bonus.

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