CenturyOneTrust offers its potential clients a simple and efficient way to trade on the stock market. Today we will look into its terms and online reviews to find out what customers think about this company. This will help us understand whether or not this service is trustworthy.
Brief Overview
- š„Official Website: https://centuryonetrust.com/
- āļøContact Address: 21 Rue du Cendrier Geneva
- šCustomer Support: +41435085914, [email protected]
- šLicensing and Accreditation: no
- ā³Track Record: 2024
- š§°Specialization: trading
- š¤Terms of Cooperation: deposit from $10,000
- š°Additional Services: no
Centuryonetrust.com Examination
The broker’s website raises many questions. Firstly, according to Whois, the project was founded in 2024. However, in the ‘About Us’ section, it is stated that CenturyOneTrust has a whopping 300,000 registered clients. Of course, there are no statistics to confirm this, as such a large number of accounts could not have appeared in such a short period.
A second issue we noticed is that the section on account types lists identical conditions for all accounts. Clearly, the website was created hastily, and its founders did not consider it necessary to pay attention to this detail.
Company Contacts
If we search on Google for the email address and phone number, we only find reviews about CenturyOneTrust. It’s impossible to determine from this information whether the contact details they use are real.
However, we can say with certainty that the address in Geneva is fake. If you enter it into Google Maps, you’ll quickly see that there’s no brokerage firm at that location. This significantly decreases the possibility of contacting the company via the provided contact information.
Key Conditions
To begin trading, the company requires a minimum deposit of $10,000. This is a substantial amount, considering the broker is relatively new. A second red flag is the proprietary trading platform. There’s a high probability that users will be offered invalid asset prices on the web terminal. This is a common tactic used by scammers to manipulate the market. Claims of the platform being highly rated by professionals and offering instant execution are likely false.
CenturyOneTrust promises zero spreads, 24/5 support, and over 300 trading instruments, including stocks, cryptocurrencies, indices, and metals. There are 5 types of basic accounts:
- Bronze.
- Silver.
- Gold.
- Premium.
- Platinum.
Two VIP account types are also available, with a minimum deposit of $500,000.
The brokerage firm offers additional services such as account manager consultations, risk-free trades, and market management strategies. They also provide basic market training sessions, access to the Global Managed Account Service, and personalized alerts. However, as mentioned earlier, the conditions for all accounts are identical.
Exposing CenturyOneTrust
The fact that the company was registered in 2024 already indicates a high risk of scam. It’s advisable to trust only companies with at least 5 years of experience. Otherwise, there’s always a risk that the service may shut down.
We were also alarmed by the company’s offshore registration. Although they try to distract users by listing an address in Switzerland (which we’ve determined to be fake), the documents clearly state that the firm operates under the laws of Saint Vincent and the Grenadines. This means that CenturyOneTrust can easily circumvent regulations, as they are registered in an offshore jurisdiction. Furthermore, we know that it’s impossible to obtain an official trading license in this jurisdiction.
In addition, the owners brazenly claim that their project is managed by the British organization CenturyOneTrust Management Ltd. We have no idea in what hole in the middle of nowhere they dug up this name, since it is not listed at Companies House or anywhere else.
Finally, the risk disclosure statement explicitly warns that clients are highly likely to lose money. This is attributed to the broker offering CFD trading. Remember, the minimum deposit here is $10,000, and it’s not rational to risk such a large sum under these conditions.
What Reviews Do Users Leave?
Despite all the issues we’ve uncovered, the online feedback we found was exclusively positive. However, it’s important to be cautious: these reviews are likely fabricated. They use generic language and lack any specific details. The absence of genuine feedback suggests that this broker is not trustworthy.
Conclusions
We have concluded that trading with this company is not safe. The fake address, false information about a large number of clients, and offshore registration all indicate that dealing with this firm is simply not secure. With a high minimum deposit, you risk losing a significant amount of money if you choose to work with them.
Pros/Cons
- Fast page loading on the website.
- High minimum deposit.
- Website has shortcomings.
- Offshore registration.
- Short operating history.
- No license.
I’ve been a client of CenturyOneTrust for a while and decided to withdraw my funds. I submitted a withdrawal request over a month ago, but the money still hasn’t reached my account. Customer support is unresponsive to my inquiries, and there’s no update on the status of my request in my personal account. My attempts to contact the company’s management have also been fruitless. It feels like I’ve been scammed. This is what you call ‘respect for traders’? DO NOT TRUST THESE SCAMMERS!
The platform leaves much to be desired. Trade execution is significantly delayed, leading to missed profit opportunities, despite the website’s claims to the contrary. I’ve also experienced frequent technical glitches that prevent me from placing trades. Customer support is not always responsive to issues. Most importantly, I’ve recently discovered that the asset prices displayed on the platform are inaccurate. This is a clear sign of fraudulent activity.