We’re giving you the opportunity to get acquainted with another scam broker in our Wtcentral review. The company’s owners claim full regulatory compliance, promising some of the best trading conditions and the highest level of security. While they might deceive beginner traders, we know their words cannot be trusted. To avoid losing your money in this dubious project, read our detailed materials below.
Key Features
- Company Name: Wtcentral
- Website: https://www.wtcentral.com/
- Available Contacts: [email protected]; Phones +442820140005 (UK), +41435086615 (CH)
- Foundation: 2024
- Services: Forex/CFD trading
- License: No
- Initial Deposit: Not specified
From Sign-Up to Payout
At first glance, the official Wtcentral website makes an unforgettable impression. However, this is not a compliment — it’s just that we haven’t seen something so poorly made in a long time. Judge for yourself if these five pages can be considered a resource for a legitimate, licensed broker:
- There’s practically no useful information.
- Instead of a proper document defining the relationship between the broker and the client, there’s a vague piece of writing containing a dozen paragraphs, binding no one to anything, which they call Terms & Conditions.
- The two main policies, KYC and AML, are missing, though they’re mentioned almost every other line.
- No lists of trading accounts or available assets are provided.
- Instead of market descriptions and contract specifications, there’s a pointless collection of TradingView widgets that offer no value to traders.
You could say the same about every page on this so-called website. But even what we’ve already listed is enough to understand: only scammers could create something this cheap.
Our Trading Experience With Wtcentral
In its description of the trading terminal, the broker boasts about how modern, technologically advanced, convenient, and functional it is. Newcomers to the market might actually believe this. However, to us, it’s nothing but baseless claims. The truth is, we know this trading platform very well.
It wasn’t developed by Wtcentral specialists, though. The platform was created by the company Easy Technology. This software is well-known to many traders but is even more popular among scam brokers.
Among the platform’s few advantages is the ability to open multiple chart windows simultaneously. But the disadvantages far outweigh this:
- The list of trading instruments (market overview) is extremely inconvenient, forcing traders to waste time searching for the right ticker. Moreover, users cannot customize its contents.
- The tools available for graphic market analysis are very limited (only five). As a result, many traders will have to abandon their usual trading systems, replacing familiar tools with inferior substitutes, which reduces accuracy.
- The platform doesn’t allow users to add custom indicators, scripts, or trading bots, whether developed in-house or sourced externally. This restricts the creation of personalized trading systems, and automated trading is entirely out of the question.
- General settings and individual chart configurations cannot be saved, so each time the terminal is restarted, you’ll have to reconfigure everything. While this might not be critical, it does waste time.
Scammers have their reasons for favoring this software. The server-side infrastructure gives administrators full access to the price feed, allowing them to manipulate it in their favor. Needless to say, this makes it easy for the broker to trade against its clients. Scam platforms exploit this feature so thoroughly that even experienced traders struggle to trade profitably. It’s no surprise that Wtcentral chose this particular terminal.
The Reality Check
As we mentioned earlier, Wtcentral tries to convince traders that it is fully regulated and operates within the legal framework. However, the official information provided does not support this claim.
Let’s start with the registration. The contact page lists two office addresses — one in Switzerland and one in the UK, along with corresponding phone numbers with country codes. However, checks in both countries’ registers yielded negative results.
Moreover, not only were there no matches, but there were no business names even remotely close to Wtcentral. There’s no doubt this company is not registered in any jurisdiction.
Additionally, the company claims to be certified and operating under the oversight of the European Union Asset Control (EUAC), even providing a certificate number as proof.
However, EUAC is not a financial regulator. On its official website, it describes itself as a self-regulatory organization (SRO) specializing in mediating disputes between financial services and their clients. It is also virtually unknown, with only about three relevant search results appearing online. Brokers supposedly under its oversight never mention this SRO. The only other broker referencing an EUAC certificate as a license, besides Wtcentral, is Vourteige, a broker already notorious for being a scam project.
Thus, the claim of operating under regulatory oversight is nothing more than an attempt to mislead clients. In reality, this virtual company has no licenses to offer brokerage services, nor could it ever have any. Its operations are illegal.
How Long Has Wtcentral Been in the Game?
The broker also prefers to remain silent about its establishment date. This information can be easily found through a WHOIS lookup.
The data reveals that the domain wtcentral.com was registered in September and started functioning in October 2023. By the time this Wtcentral review was written, the broker had been around for about a year. This isn’t long enough for a licensed broker to earn traders’ trust, but for a scam project, such longevity is quite impressive, as most similar schemes disappear much faster.
However, with the conditions and official website Wtcentral offers, it’s hard to expect a strong influx of clients. As a result, the representatives of this fake company continue to try to attract an audience, but they likely don’t have much success.
Extra Fraud Indicators
There are plenty of other signs on Wtcentral’s official website that we’re dealing with a scam project:
- There’s no mention of trading conditions, not even a list of trading accounts.
- Trading fees and non-trading charges are also hidden, as the broker provides no information on commissions, spreads, swaps, etc.
- Account funding can only be done through customer support, as users receive a message stating that the payment system is temporarily unavailable when they try to deposit.
- Online reviews where users strongly criticize the support team, the lack of promised trading assistance, and the failure to process withdrawal requests.
In short, it’s impossible to consider Wtcentral a legitimate, regulated broker. So why risk opening and funding an account with them? We hope potential clients of this fraudulent broker will think twice about it.
Is Wtcentral the Right Fit?
In this Wtcentral review, we aimed to present arguments supporting our view of the broker as a scam project. However, the company did an excellent job of proving this itself. It has no registration data, operates without regulatory oversight, meaning illegally, and provides none of the important information — from registration details to payment methods and trading conditions — on its website. Every minute spent on the site and every page visited only offers more proof that this platform is owned by scammers. Traders who don’t want to lose their funds permanently should avoid even considering working with them.
Wtcentral is a company that absolutely cannot be trusted. The broker’s managers aggressively attract clients by phone, persuading them to start trading on their site. They ask different people for different amounts, but they asked me for $10,000. At the time, I didn’t realize it could be a scam and thought that if anything went wrong, I could quickly withdraw my money. But in the end, they didn’t pay me anything, even after I repeatedly asked. My experience shows that it’s better to be less trusting and avoid falling for scams like this.
GG_Lindsy
If I had known how unstable Wtcentral’s quotes were, I would’ve definitely chosen another broker. I think any other company would have been better than this questionable one. When I started with $5,000, I even considered investing more to improve trading conditions. Luckily, I didn’t, and I quickly figured out their scam. The fraudsters manipulate the terminal and distort charts for their own benefit. I compared the results several times with other brokers, and the difference was huge. Well, at least they gave me some negative experience to learn from.
Wtcentral is a SCAM!!! All positive reviews are paid for! They even asked me to write a review right after I made a deposit. I refused because I hadn’t worked with them yet. But I never really got to trade with them – my account was drained in just two days! Their spreads are high, their quotes sometimes don’t match market prices, and the terminal lags terribly. They blamed it on my slow internet. Don’t work with these scammers!