The site is owned by a financial services provider that claims to offer global and local assets. The company allegedly has offices in Switzerland and the United Kingdom. Regarding regulation, the intermediary claims to be licensed by some EUAC and even presents a certificate of membership in this body. However, it is unknown when the project started and whether it has licenses for financial activities in the countries where it operates.
Will your cooperation with this firm be profitable, convenient, and safe? You will find out from our review of Wtcentral, in which we examine the trading parameters and legitimacy of the broker.
How to Trade
Customers can trade on the WebTrader platform from both desktop and mobile devices. Trading plans are not provided in the functionality of the brokerage service. The company promises its clients:
- Flexible leverage options.
- Conclusion of deals starting from one microlot (0.01).
- Access to currency markets, shares, and other assets.
- Trading without commission.
- Fast withdrawal of funds.
Users cannot see any specific trading conditions until they register an account, download the platform, and start trading.
The broker disclaims responsibility for any losses clients incur as a result of their trading on the platform.
The website does not contain educational services, analytics, or links to social media accounts. There is also no communication via online chat.
Wtcentral Vital Info
The duration of the broker’s operation is unknown. The firm mentions its “long-term experience in the markets” which has allowed it to create “the best trading conditions”. According to whois data, the domain was created in September 2023 and updated in October 2023. Therefore, there is no doubt about the long-term operation of the project.
We decided to verify the registration of WTCentral by visiting the EUAC’s official website. Yes, such an organization is listed by this body, and it is stated that the broker was registered in May 2017. However, euassetcontrol.com was created in January 2024, and a Google search did not yield any results about this young regulator. In addition, the broker is not listed by regulators in Switzerland and the UK. Thus, we are not sure about the legitimacy of this company’s activities in the countries where it allegedly has offices and licenses.
This intermediary imitates the trading process and swindles large sums from traders. I was trading with small profits at first, but as soon as I deposited €8k, I started to lose my balance. I requested to withdraw the remaining €4.8k, but the broker does not withdraw money categorically. I have not been able to get back a cent of the invested funds :( This is a fraudulent scheme of deception, Wtcentral is run by crooks...
I will tell you why this is a scam and not a decent and responsible broker. First of all, its certification does not inspire any confidence whatsoever. Secondly, the lack of licenses from regulators in Switzerland and UK where wtcentral offices are located is the biggest red flag. All in all, these two points should be enough for you to give up the stupid idea of trading on this fraudulent platform. Apart from that, I will also add that they registered their domain less than a year ago, and there are fresh reviews, so the firm has not been operating for that long. You can safely consider it a one-day business that opened yesterday and will close tomorrow. If you are not sorry for your money, then invest here safely, but if you are a reasonable person who does not want to just give money to unknown crooks, you should look for another company.
EUAC regulation is not considered good and quality regulation in forex. You can easily get a license from this body - the price of getting one is in the range of $1,000-$2,000 per year, so anyone can get this document if they have that amount of money. The question is different - will this regulator do anything at all to make the broker behave honestly and withdraw money? My guess is no. This regulator does not enjoy a good reputation. If the company got licenses from CySEC, FCA, then I would cooperate with it. These regulators are reliable and I could consider this company to open a brokerage account. However, I would not trust WTCENTRAL, which only has one license from the EUAC. The platform can easily turn into a scam even if it is running safely now. Such regulators won't do anything to help you recover your stolen money.
You may not even test this scam. I invested only $150 in trading with Wtcentral, but these bastards can't even withdraw the remaining $47! These are some beggar crooks!!!
I have carefully studied the offers of this company and I realized that there is a risk in the fact that this broker earns not from commissions from trades, but only from stealing traders' money. It is possible that the program collects personal data of clients and then leaks it in an unknown way.
I found out about this resource from social media, I came across a recommendation from a professional, watched their presentation on wtcentral.com and the platform interested me. The ideas behind this project were very similar to the ideal picture I had drawn in my imagination, so I thought I could try to make money on forex trading on this platform. I've already come out to an income of $800 or more. The profit is not always stable, that is, there is a losing month, but I do not care about this situation, as I am still confident of increasing my balance through profit, in the long run.
Scam!!! There is blatant chart manipulation and a game against the trader! I have found no chance of success, although I am not a beginner, I have been training and trading with another company for almost a year. I deposited 200 pounds sterling here, and these crooks cheated me outright😡 I do not recommend the broker, and do not even listen to consultants who do not even know how to trade!!!
There is an offshore organization that I can trust my money to. The fact that Wtcentral operates offshore is not a problem, on the contrary it is an advantage because they pay less taxes, and regulators impose lower fees on them, which means they can afford to make more favorable trading conditions. This is what I saw - narrow spreads, no deposit and withdrawal fees, and other preferences.
I started on this site with 1,000 dollars and at first, everything was going so great that I got my hopes up for a big profit and increased my deposit first by 4,000 dollars and then another and another... I was hoping that with a large amount of money in my account I would have more opportunities to make money, but things went differently. I suddenly lost contact with WTCENTRAL after opening a large transaction and I can no longer log into my account.
I declare that this is a fake broker. I have not been able to withdraw my money for almost two months now. My application has been in processing all this time. I tested the terminal with a deposit of £300, but I didn't like the program - too weak and low-functional if you compare it with MetaTrader. The conditions at wtcentral are acceptable, spreads are not very high. I decided to trade here after all and after a month I brought my balance up to £426, after which I submitted a request to withdraw my £300, which is still being processed. As it turned out, this is a forex trap, from which the client can not withdraw funds. I don't know what to do, I have already come to terms with losing money, but I want to warn other people about the dangers of this seemingly decent company, but in fact wtcentral is a scam.
I can safely recommend this resource because I checked it myself: the broker makes payments according to the regulations, it does not manipulate transactions in any way, and it does not do any other illegal actions. Wtcentral operates honestly and transparently. I don't know how many years this broker has been in the forex market, but I know that it behaves openly. You can familiarize yourself with the team, read the legal documents on the website, and these are the signs of reliable work of the broker towards clients. Yes, there are no licenses from top regulators, but there is a license from EUAC, although this commission is quite new, it has a good reputation in the industry. So you definitely can't consider this firm unregulated. I have been trading at wtcentral.com for six months and I can't complain about any problems!
I did not check this "company" thoroughly enough, and it turned out to be just a pathetic parody of a broker... I could not start any trading on wtcentral.com, and even the money I sent here to the balance, I did not receive... I sent a transfer via e-wallet to the address specified by the broker for 350 USD and that's where all our work together stopped... The money was not credited to my brokerage account, I could not even start trading. Obviously, I can't do anything about this situation!! yes, it's my own fault that I decided to start cooperating with this fraudulent company...
I encountered my first scam almost immediately. The manager of wtcentral guaranteed me the protection against losing trades that is provided for new clients. He said the firm should refund the lost money for the first 5 positions, but the broker didn't. I asked an advisor about it and was told that the protected trades option is not available when using leverage above 1:20. Ok, I accepted the deception and continued trading, but all my positions brought me only losses and most of them were simply canceled. In the end, I lost over $2,300 within two weeks
The manager called me and started telling me stories about making money in forex, and then he told me that Huawei shares were currently stagnant, but would soon jump up, and I could make good money. He presented the information in such an engaging way that I listened to him with my mouth open. I invested 30,000 dollars. However, Huawei's stock started to fall for some reason. Meanwhile, no news came out and Huawei's stocks are selling well. Most likely, Wtcentral employees didn't even put my bet on the market, they just cheated me by manipulating the quotes. I will be smarter and you bypass this broker.
I entered a large volume GBP/JPY trade - buy $3500, set a stop loss with a loss limit of $1500. Yes it was risky, but I was confident of profit. However, the broker drew a shadow into my stop loss, even deeper than I had set the limit, and the order triggered not at $1,500, but slipped and activated a $3,000$ loss!!!! What is this? SCAM!!!
I work with Wtcentral for a long time and I am very satisfied with this broker. I would like to note the absence of commission on the withdrawal of funds, which makes trading even more profitable. In addition, the trading platform works stably, and order execution is fast. Customer support operators are always on call and they are ready to help me with any questions. I recommend to cooperate with Wtcentral to all those who are looking for favorable conditions and a reliable broker.