The number of people eager to make quick and substantial profits in the Forex/CFD market is growing, as is the number of scam brokers ready to quickly lighten the wallets of such users. The Wtcentral review discusses one such fraudulent project trying to pass itself off as a licensed platform. Its creators make many promises to traders, but the outcome for the latter is always the same: the complete loss of all invested funds. You’ll find more details about this fake company and its official website below.
When we first visited Wtcentral’s official website, we were shocked. However, it wasn’t because of its design but rather the disbelief that this pathetic attempt is being passed off as the web resource of a solid, licensed broker.
Would you believe it if you saw:
It seems the developers were tasked with creating a website about nothing, and they did a stellar job. It looks like the owners of Wtcentral have decided that Forex traders are ready to hand over their money to just anyone. They even came up with a way to avoid verifying published information — by not posting it at all.
Unfortunately for scammers, this approach is unlikely to help them: there are plenty of users online who can easily identify a fraudulent resource. This can be done without analyzing any data: legitimate brokers simply don’t treat their websites this poorly.
The contacts page on the Wtcentral website is perhaps the only place where you can find any useful information about the company. Here you’ll find:
However, some of this information is highly questionable. For instance, neither of the phone numbers responded. And in the British address, besides the building name, which is well-known in London, they inexplicably included the name of the underground station located beneath it.
In reality, the only guaranteed way to contact support is by sending an email (whether via the form or directly from the user’s mailbox). However, the time frame for responding to such inquiries is not regulated. As a result, a Wtcentral client could be waiting for a solution to an urgent problem for hours, days, or even weeks.
The broker hasn’t even considered an online chat option for quick communication. Perhaps there simply isn’t enough staff to have someone on duty 24/7.
The company’s contacts also lack links to social media channels. Perhaps they didn’t create them for the same reason—there’s no one to maintain activity in the channels and groups. But most likely, this isn’t the only reason. Scammers don’t need an uncontrolled influx of clients, for example, from social networks. That’s probably why they don’t see the need to manage social media pages.
But the biggest surprise came when we tried to find out the trading conditions offered by Wtcentral. The scam broker simply decided not to publish them.
On the “Markets” page, where licensed companies typically provide descriptions of available markets and contract specifications, the creators of the platform decided to use just a few widgets borrowed from TradingView. These widgets offer no useful information, but they do make the page look decent.
As for account types, they are simply not present on the website. Therefore, the current pricing plans remain a big mystery for traders.
All these and many other questions remain unanswered. Clients who dare to open accounts with this pseudo-broker will have to figure them out during trading. It’s clear that losses are inevitable in this process. However, this is not so important, because it’s unlikely you’ll be able to withdraw not only your profits but even your original deposit from these scammers.
There is little doubt that this broker is one of the most blatant examples of scammers. However, to complete the picture, one final detail is missing: an analysis of the official information about the company.
The creators of the platform have published two addresses on their site: one in Switzerland and one in the United Kingdom. However, searches in the registries of both countries yielded no results.
It seems that the broker operates without official registration and, therefore, without licenses. Nevertheless, it attempts to assure users that it is certified and regulated by the European Union Asset Control (EUAC) and even provides a license number. The broker claims that this organization serves as a regulator for licensed financial services.
However, the official EUAC website states that it is a self-regulating organization that can only mediate disputes between financial services and their clients. Regulation is not mentioned at all. Additionally, searching for this organization online yields only a few (about three) relevant results. The only entities referring to this certificate as a license are Wtcentral and the well-known scam broker Vourteige.
Thus, all the company’s claims about being under the supervision of a regulator are unfounded and serve only to deceive potential clients. In reality, this virtual firm does not possess any permits for brokerage activities and operates entirely illegally.
The information about the broker’s duration of operation is also not encouraging for those looking to see it as a trading partner in financial markets. Whois data shows that the domain used by the platform, wtcentral.com, was registered in September 2023 and only became fully operational in October.
As a result, by the time this Wtcentral review was written, the virtual firm had been online for just nine months. This is not enough time to earn the trust of traders. However, the longevity of this scam project is impressive; most similar “brokers” steal all the clients’ money and cease to exist much sooner.
We have some ideas about what might explain the unusually long lifespan of this fake firm. You might guess that with the kinds of offerings and the official website that this broker has, they shouldn’t expect to register new clients or receive money from them. Therefore, the project representatives continue trying to attract users, albeit seemingly without much success.
Everything mentioned above is confirmed by Wtcentral reviews found online. The broker spared no expense in creating a positive image for itself, commissioning several dozen laudatory comments on websites like Trustpilot, Sitejabber, and Reviews.io. Needless to say, these reviews praise the company without providing any specifics. This is to be expected, as the copywriters have no real understanding of the platform’s operations and can only offer generic praise.
However, among these posts, there are also a few that openly label the broker as a scammer, backed by real facts. The reasons include:
Experts on industry-specific websites also agreed with these critical reviews, unanimously declaring Wtcentral a scam project and providing solid evidence to support this claim. Despite all the broker’s efforts and expenses, its online reputation remains highly questionable.
We believe our conclusions from this Wtcentral review are clear. The broker operates without registration or a license, conceals its trading conditions, and even hides its payment details. It is evident that this is a scam project, and depositing money into its accounts is unsafe. Both honest reviewers online and experts on industry-specific sites advise against doing so.
Helen always knew that her passion for journalism was more than just a hobby. It was a potential career. She began her professional journey at a local newspaper in the small town where she was born. Writing on a variety of topics, from local news to financial reviews, her persistence and investigative talent soon caught the attention of editors at larger publications. We are thrilled that Helen accepted our offer and now writes for fincapital-reviews. Her exposés always create a buzz. Sometimes, we think Helen could easily open her own detective agency.
This is a sophisticated scammer. I have managed to reach 80, avoiding scams, but last year I fell for this website. Three people were involved with me, Marvin Dwight, Michael and Anna Novak. They all supplied me with their passport as proof of Identity. But it’s all a farce, of course, because they don’t send you proof of address, like a council tax payment or any utility bill. Nor do they show their faces on WhatsApp or any form of verification. So, you have no proof that the person you were dealing with was the same as the one on the passport. Anyway, I was asked for 300 Euros and started trading, making an outstanding amount of money. So, they told me to increase it to £1000 and see the difference it would make to the trading funds. I did, and then he told me to increase it to £ 10,000 and opt for the special plan to make real money. And of course I did. AND the plan was growing in leaps and bounds. Then he suggested that if I were to increase it to £3000, the plan would grow tenfold for six months, as I would transition to the professional plan for that period. I started to feel uncomfortable, but I went through with it. The funds were growing, and within two weeks had risen to £ 75,000. Then came the call telling me that there was too much volatility in the market, and to avoid losses, I needed to switch to the capital plan, which required an additional £30,000. I did not like this and requested that the account be closed and the funds be returned to my account. They said they closed the account, transferred the funds, and increased it to £123,553, but I had to purchase Capital insurance for £30,000. This is when I realised that I had been scammed and I would never see my money back. Of course, I should have realised sooner because I could never move the money from my bank to theirs. Instead, I had to open an account with one of the banks on their list, and they would buy Ethereum from that bank. Anna was the one opening the accounts for me using WhatsApp and AndyDesk. I hope that telling my story may save the next victim some money.
Hi, I´m in the same situation as you i.e to be able to withdraw my profit I need to pay 19% in commission which is about €4700. My broker is eager to help me transfer the commission via various bank apps (Binance, Revolut, Trust, Exodus) but the system seems to Block. My question to you is if you did pay the commission but they didn’t release your profit anyway? Kind regards Jens
They opened a new side. The new link there is https:// webtrader . wt-central.pro/ The old one is unavailable. People be careful!!
WT Central is a scam, you will never get back your deposit. The widthdraw option is a lie, they will keep calling you to deposit more and more to no end, if you don’t answer they call you non stop, they insist you send them your personal information like passport or social security card and banking info under the umbrella of KYC only to find more ways to scam and drain you of any and all finances
When I tried to withdraw money, customer support told me I needed to pay taxes, insurance, and fees before they could process my request. They refused to deduct the amount from my withdrawal. After three weeks of disputes, I realized I wouldn’t be able to get my money back from Wtcentral. Don’t work with these scammers! You won’t get paid, and you won’t get your money back.
No matter how much money you have in your account, the conditions remain the same. Wtcentral is just terrible, and I have a strong feeling that this garbage will never become anything reasonable or profitable. All the functions of their trading terminal are just broken; clearly, these scammers only appeared to steal your money. I lost $12,000 myself! So, I recommend steering clear of these crooks!
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