CENTRISFX Review

About CENTRISFX

CENTRISFX operates through centrisfx.com. The UK Financial Conduct Authority (FCA) lists CENTRISFX as an unauthorised firm and states that it was targeting people in the UK. The FCA warning was first published on 23 June 2023 and identifies https://centrisfx.com as the firm’s website.

Regulatory warnings also cover other jurisdictions. The Autorité des marchés financiers (AMF) states that CentrisFX is not registered and is not authorised to solicit investors in Québec; the notice also lists the business name “CentrisFX International” and classifies the warning under cryptoassets, forex and high-risk platforms. The Austrian Financial Market Authority (FMA) states that CentrisFX was not authorised to conduct licensable banking transactions in Austria under Article 1(1)(7) of the Austrian Banking Act; its warning was released on 8 December 2023. Spain’s Comisión Nacional del Mercado de Valores (CNMV) stated on 11 September 2023 that CENTRIS FX was not authorised to provide investment services, including foreign-currency transactions.

Pros and cons

Pros

• No verified regulatory authorisation, trading conditions or account specifications are established by the cited regulator notices.

Cons

• The FCA lists CENTRISFX as an unauthorised firm and states that UK clients would not have access to the Financial Ombudsman Service or Financial Services Compensation Scheme protections.
• The AMF, FMA and CNMV also issued warnings concerning the firm’s lack of authorisation or registration in their respective jurisdictions.