Cintra Group, an offshore brokerage firm, has a lot to offer traders. The broker provided a London address. The broker also offers various account packages, such as – See below
The broker also offers different instruments such as forex, stocks and commodities, bonds, and indices. It also offers a zero spread difference between Buy/Sell.
Clearing the air, traders should know that they are dealing directly with an unregulated broker .
Deposit or Withdrawal
Cintra Group Minimum Deposit:
Based on account type, Cintra Group minimum deposit is $1000 A genuine FX broker will make sure that traders know the minimum deposit and clients are able to trade as low as $100
The broker seems to accept Visa, Mastercard and Maestro as payment options. This broker is not recommended for you to make any payments.
Offshore brokers are well-known for accepting crypto currencies. This is because payments made via this method can only be traced back to the wallet address and not to any individual. Be careful!
Cintra Group claims that withdrawals take between 4 and 7 business days. Clients and traders also pay a monthly fee for an inactive account.
Cintra Group Platform:
Cintra Group platform provides web-based trading platform, not MT4 and MT5 (Industry standard platforms for trading), which makes it even more dangerous to trust this broker. Scammers use trading software to trick their victims into believing that their money has been invested.
Leverage for Cintra Group starts at 1:200 We strongly advise against doing business with unregulated forex brokers like this one. You could lose your money.
Why Cintra.Group Is A Suspicious Broker
First, Cintra.Group does not have a financial authority that oversees its financial services. This is one of the most common yet ambiguous statements made by scammers. We could not locate this broker on the Financial Conduct Authority, FCA Register, let alone licensed by FCA UK.
This broker doesn’t offer a money back guarantee, which means that trading on this platform is a risky business. Your money will not be refunded.
Forex traders should be aware of these drawbacks in order to avoid losing their money by dealing with a scam broker. Before depositing funds for trading, it is a good idea to check whether the broker has been licensed and regulated by financial authorities.
Cintra Group Licensing and Regulation
This broker is not licensed. This broker is not subject to any financial regulation, which makes it risky to wire your money for trading. Unlicensed or unregulated activities are a red flag that must be avoided.
COMPARE TO A TRUSTED BROKER
Fortrade is a UK-based broker located at Michelin House 81 Fulham Road London SW3 6RD, United Kingdom. Fortrade is one of the most respected brokers in the business, offering trades in a variety of assets, including stocks, commodities and currencies. Fortrade is licensed and regulated by both the FCA (Financial Conduct Authority), in the UK, and ASIC in Australia. Client funds are safe. They are open to traders from all over the world. Visit their official website