Forex Broker

Centaur Financial Services Ltd closed

Centaur Financial Services

Centaur Financial Services Ltd (license number CIF 018/03) has waived its CIF permits on its own will, therefore it has not been providing any investment services since November 30, 2018. Clients should address all their questions to Fiduserve Asset Management Ltd that manages the company’s activities.

Company. Safety of funds

Centaur Financial Services Limited provided discretionary portfolio management services for wealthy individuals, institutions, and mutual funds. Centaur was licensed by the Cyprus Securities and Exchange Commission. The company offered its clients to administer their funds through managed accounts. Client assets were held by JP Morgan, not the broker itself.

Trading terms

Centaur used analytical methods and tools to do its own market research. Mainly, the company’s investment portfolio included shares of major developed markets.

The broker used to establish portfolios that provided access to specific markets. Portfolios comprised of shares or derivatives, while trading strategies varied from conservative to aggressive. The minimum deposit was 100,000 EUR. Institutional and private wealthy investors were among the broker’s clients.

Customer service

Centaur was headquartered in Nicosia, Cyprus.

The opinion of the review`s author is private and not obligated to reflect the position of the resource. If you have any remarks and suggestions on new articles please contact us via this form.
Author of Centaur Financial Services: Chenta | Date 2019-12-02
Centaur is a decent broker. They made business as honestly as possible. They always adhered to the estimated time of arrival of the withdrawn funds and they don't have any hidden charges. They also admit whenever their system has a problem and they always fix the issue right away. That is why it's a little regretful that they had to close down. Still, I am thankful that they made the transfer as smooth as possible and the clients were not inconvenienced in any way.
Author of Centaur Financial Services: Dao | Date 2019-11-28
I was a client at Centaur Financial Services and they had great services. It was not perfect but it was good enough. Their platform was sometimes faulty but they would fix it right away. Withdrawals of fund was sometimes delayed but it would still be transferred completely. It is saddening that they had to close down because despite the imperfections, I saw that they really made the effort to provide the best trading experience to their clients.
Author of Centaur Financial Services: Kwefo | Date 2019-11-20
I was a former trader at Centaur and I had a great experience with them. It was three years of productivity and efficiency. They do not have the best services because their platform had problems every now and then but they made sure to fix the issue as soon as possible. Problems never lasted a day with this broker. Right now, I am still looking for another broker. I chose not to get transferred to the new company because I don't think their conditions fit my preference. That is also one of the things I liked about Centaur. They never force their clients. We have the freedom to do whatever we want with our fund and account.
Author of Centaur Financial Services: Shaine | Date 2019-11-11
I had an amazing trading experience at Centaur Financial Services that is why I got really sad when they announced that they would be closing down. I had the best and smoothest trading activity here because their platform runs really well and there were no delays on anything. The trading cost is also reasonable and the withdrawal system is fast and efficient. And if you could see, until the end, they made sure that their clients would be transferred well to another broker.
Author of Centaur Financial Services: Axiel | Date 2019-11-05
I had a worthwhile trading experience at Centaur. It is a little sad that they had to close down because I am already very familiar with their system and how they operate. I am also comfortable with my account manager so now that we were transferred, I am just a little worried that there might be some great adjustments. Especially with my new account manager, I will have to start building trust and rapport once again.
Author of Centaur Financial Services: Jeremi | Date 2019-10-31
Centaur is an honest broker, no doubt about that. Even throughout the whole transition to a new company, they remained true to their promise of keeping our funds secured. But still, this broker was not perfect. Their platform was not always on its best condition. There were quite a lot of times when I experienced a shaky platform. Their withdrawal system is also sometimes faulty. I had two withdrawals which were delayed for two weeks but what's essential is that it was still transferred completely.
Author of Centaur Financial Services: Venice | Date 2019-10-25
One of the most trusted in Forex brokers in our region was Centaur. They really had a good reputation and I personally knew a couple of people who were trading with them even before I started trading. They had a good trading environment and a competitive trading cost. As a matter of fact, even now that they have stopped operating, they left a good impression on their clients because the transfer was very professional and smooth. We did not have any problem with our funds or with anything else.
Author of Centaur Financial Services: Lawrin | Date 2019-10-15
I have been with Centaur for about three years. Trading experience was pleasant expect for the last few months. I must admit, at that time, the platform was unstable. There were also a few glitches in my account portal and the charts were delayed. I think this is the reason we are transferred to another broker. I am still thankful because Centaur did not let us down. They remained faithful to their promise of giving the best service and transferred us peacefully to another company.
Author of Centaur Financial Services: Rubie | Date 2019-10-07
I am thankful to Centaur more than I could put to words. I was well taken care of for the entirety of my trading stay with this broker. I was assisted on my every concern and this is also where I even expanded my knowledge on the Forex market with the help of their materials. You see, even when the company shut down, they did not fail to take good care of us. The transfer was smooth and all of my fund was intact.
Author of Centaur Financial Services: Tamiqua | Date 2019-10-01
My whole trading experience at Centaur was no perfect. I don't think there ever will be a perfect one. The platform had minor issues, I lost some fund due to the delays in the platform, but still, I'd say that overall, it was a decent experience. The broker was still honest in terms of payment system and they had no hidden charges unlike other brokers. Even the transfer to another company was done well, with our fund complete and secured. I am hoping for a better trading experience at the new company.
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