Central Plus Finance Review

About Central Plus Finance

Central Plus Finance is not authorised by the United Kingdom Financial Conduct Authority to provide financial services or products, and the FCA has issued a warning against it for offering such services without authorisation on 13 September 2023, with the notice updated on 26 January 2024. The firm operates under the domain centralplusfinance.com and lists addresses in London, Dublin, and Dubai, along with various contact emails and telephone numbers. Individuals dealing with this firm would not be eligible for protection through the Financial Ombudsman Service or the Financial Services Compensation Scheme in the UK.

There is no evidence of regulation or licensing by any recognised financial authority—none at Level 1 (e.g., FCA, ASIC, CFTC), Level 2 (e.g., CySEC, FSCA), or Level 3 jurisdictions. The broker appears to be unregulated, with no disclosure of segregated client accounts, guaranteed fund access, or negative balance protection. Its minimum deposit is reported to be around £250, with spreads approximately 3 pips and maximum leverage up to 1:1000—conditions atypical of regulated entities.

Pros and cons

Cons

• Operating without FCA authorisation; flagged as unauthorised and potentially fraudulent.
• No evidence of regulation by any recognised authority; lacks client protections such as deposit guarantees, account segregation, or negative balance protection.
• High spreads (~3 pips), high leverage (up to 1:1000), and unverifiable trading infrastructure raise serious concerns.
• Trustpilot feedback overwhelmingly negative, with multiple reports of withdrawal issues and lack of response from support.