• Company name: Sucaba Enterprise Ltd.
  • Registration/license: Marshall Islands
  • Registration/license requirement: USD 2,000

Is CentroBanc a regulated forex broker or a scam?

no, CentroBanc broker is Non-Regulated Broker. It is NOT SAFE to trade. while we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

CentroBanc is a broker offering a variety of Forex pairs and CFDs. The company is owned and operated by Sucaba Enterprise Ltd. based in the Marshall Islands.

The Centrobanc itself is located in Liechtenstein and judging from the phone numbers of Customer Support (Italian, English, German and Spanish) is targeting EU residents without being authorized in any of those countries.

Moreover, Austrian FMA has recently issued a warning against Sucaba Enterprise Ltd. (CentroBanc) stating that the firm is not entitled to carry out banking transactions in Austria that require a licence.

Also, they emphasize that there is no connection between the operator of the website www.centrobanc.com and Raiffeisen Centrobank AG (regulated and trustworthy entity).

We recommend dealing only with properly licensed brokers that provide sufficient security to clients’ funds. Reliable and well-respected financial authorities such as UK’s FCA or Australia’s ASIC have strict requirements for the licensed brokers and participate in funds compensation schemes (for example, Financial Services Compensation Scheme from FCA that insures up to 50 000 GBP of the traders’ capital). Check the list of the FCA-regulated brokers here.

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