I. Executive Summary
This report provides an assessment of the binary options broker known as BinaryCent, operated by Cent Projects Ltd. The evaluation is based exclusively on available public records and official warnings. The findings indicate severe concerns regarding the legitimacy and operational practices of this entity.
BinaryCent has been the subject of multiple significant warnings from regulatory and industry oversight bodies. Most recently, in June 2024, the Financial Commission added “BinaryCent Management Partners” to its Warning List following trader complaints and a determination that the company and its website may be involved in scamming and defrauding traders and investors.1 The Commission explicitly advises against conducting any business with this entity.1
Furthermore, BinaryCent has been listed on the U.S. Commodity Futures Trading Commission’s (CFTC) Registration Enforcement Database (RED) List since December 4, 2019.3 This listing stems from the entity soliciting and accepting funds from U.S. customers for binary options trading – a product under CFTC jurisdiction – without possessing the required CFTC registration.3 The CFTC warns that U.S. clients engaging with such unregistered foreign firms may have minimal or no protection under U.S. law.3
The broker is identified as being operated by Cent Projects Ltd., originating from Seychelles.3 Operating from an offshore jurisdiction known for less stringent regulatory oversight, combined with the lack of registration in key markets like the U.S. and active scam alerts, raises profound concerns about client fund safety and business integrity.
The convergence of these official warnings, spanning several years from 2019 to 2024, suggests a persistent pattern of regulatory non-compliance and potentially harmful conduct towards clients, rather than isolated or recent issues. Given the explicit scam alert and the documented history of operating outside required regulatory frameworks, engaging with BinaryCent represents an exceptionally high risk. Therefore, based on the available evidence, any interaction, deposit of funds, or business dealings with BinaryCent or its associated entities is strongly discouraged.
related posts : Best Binary Options Brokers (in 2025)
II. Introduction
The proliferation of online trading platforms has provided increased accessibility to financial markets, but it has also necessitated heightened scrutiny regarding the legitimacy and reliability of brokers. This report focuses on BinaryCent, an entity presenting itself as an online broker specializing in binary options trading. The entity behind BinaryCent is identified in official records as Cent Projects Ltd..3
The objective of this assessment is to provide a critical evaluation of BinaryCent’s regulatory standing, operational integrity, and the associated risks for potential clients, based strictly on the information available through provided public records and official alerts. Selecting a trustworthy broker is paramount, particularly within the binary options market, which is often characterized by high levels of risk and has attracted significant regulatory attention globally.4
Binary options themselves, which typically involve a simple prediction of price direction (“rise or fall”) over a fixed time 4, carry inherent speculative risks. When a provider operating in this specific market segment simultaneously faces multiple severe regulatory warnings and explicit scam alerts, the potential danger to investors’ capital is significantly amplified. This report will dissect the available information concerning BinaryCent to provide a clear picture of its status and the implications for anyone considering its services.
III. Regulatory Status and Official Warnings
A fundamental aspect of assessing any financial services provider is its regulatory status. Reputable brokers adhere to strict regulatory requirements imposed by recognized authorities in major financial jurisdictions. The evidence concerning BinaryCent points towards a significant deficit in this area, highlighted by multiple official warnings.
A. Financial Commission Scam Alert (June 2024)
On June 18, 2024, the Financial Commission, an independent self-regulatory organization and external dispute resolution (EDR) body for the forex and related markets, issued a significant alert by adding “BinaryCent Management Partners” to its Warning List.1 This action was not taken lightly; it followed notifications from concerned traders regarding BinaryCent and its associated website.1
Upon reviewing the information submitted by these potential customers, the Financial Commission concluded that “the indicated company and associated website may be used to scam and defraud traders and investors”.1 Consequently, the Commission issued a strong advisory, stating it “does not recommend doing business with this entity, either individuals purporting to represent this broker on social media or in private messages on popular messaging apps”.1 The placement on the Warning List serves as a direct caution to the trading public about the perceived risks associated with BinaryCent.1 While the Financial Commission is not a governmental regulator, its warnings, often based on direct user complaints and internal investigations, are considered serious indicators of potential malpractice within the industry it oversees.1
B. U.S. CFTC Registration Enforcement Database (RED) List (December 2019)
Prior to the Financial Commission’s alert, BinaryCent had already drawn the attention of a major governmental regulator. On December 4, 2019, the U.S. Commodity Futures Trading Commission (CFTC) added Binarycent to its Registration Enforcement Database (RED) List.3 The RED List identifies entities that appear to be operating in a capacity requiring CFTC registration but are not registered.
The CFTC’s rationale for listing Binarycent was specific: the entity, operating from Seychelles with limited or no U.S. presence, was found to be soliciting and/or accepting funds from U.S. customers and offering binary options, a product falling under CFTC jurisdiction, without the necessary registration.3
The implications of this listing are severe for U.S. persons. The CFTC explicitly cautions that individuals choosing to trade with unregistered foreign firms “may have little or no protections” afforded by U.S. commodity laws and regulations.3 The agency urges “extreme caution” when dealing with such entities and advises potential traders to always verify CFTC registration before depositing funds, even if an entity is not on the RED List.3 It is important to note that inclusion on the RED List does not constitute a formal legal finding of a violation by the CFTC or a court; however, it represents a significant regulatory red flag indicating non-compliance with U.S. registration requirements designed to protect investors.3
C. Analysis of Regulatory Standing
The available information paints a concerning picture of BinaryCent’s regulatory position. There is no evidence within the reviewed materials to suggest that BinaryCent or Cent Projects Ltd. holds licenses from any reputable, Tier-1 financial regulatory body (such as those in the UK, EU, Australia, or a registered status with the CFTC/NFA in the US).
The warnings from both the Financial Commission and the CFTC are serious indictments of the broker’s operational integrity and compliance culture. The Financial Commission’s alert points directly to potential fraud 1, while the CFTC’s RED listing confirms operations targeting U.S. clients in contravention of registration requirements.3
The timeline of these warnings is also notable. The CFTC listing occurred in 2019 3, while the Financial Commission alert was issued in mid-2024.1 This span of over four years between significant warnings from two different oversight bodies suggests that the issues surrounding BinaryCent are not isolated incidents but rather indicative of a persistent pattern of operating outside established regulatory norms and potentially engaging in activities harmful to clients.
Furthermore, the discrepancy in naming – the CFTC identifying the operator as “Cent Projects Ltd.” 3 and the Financial Commission referring to “BinaryCent Management Partners” 1 – raises questions about the entity’s corporate structure. While these could be related entities or simply different trading names, such ambiguity can sometimes be employed by questionable operations to obscure ownership, complicate regulatory oversight, or hinder legal accountability. This lack of clarity regarding the precise operational entity adds another layer of risk and suggests a potential lack of transparency.
D. Summary Table of Regulatory Warnings
To consolidate the critical regulatory findings, the following table summarizes the official warnings issued against BinaryCent:
| Regulatory Body | Date of Warning/Listing | Reason for Warning | Status | Source Document ID |
| Financial Commission | June 18, 2024 | Suspected scam and fraudulent activities | Warning List | 1 |
| U.S. CFTC | December 4, 2019 | Unregistered solicitation/acceptance of funds from U.S. customers | RED List | 3 |
This table underscores the gravity and multi-faceted nature of the regulatory concerns surrounding BinaryCent, originating from both industry dispute resolution bodies and governmental regulators over a significant period.
IV. Operational Profile and Concerns
Understanding the operational structure and location of a broker is crucial for assessing its reliability and the level of protection offered to clients.
A. Operating Entity and Ownership
The U.S. CFTC clearly identifies the entity owning and operating Binarycent as Cent Projects Ltd..3 This name also appears in other contexts related to the broker.5 However, as noted previously, the Financial Commission’s 2024 alert refers to “BinaryCent Management Partners”.1 Without further clarification, this discrepancy introduces uncertainty about the exact legal entity or entities responsible for BinaryCent’s operations and liabilities.
B. Jurisdiction of Operation
The CFTC record specifies Binarycent’s origin as Seychelles.3 Seychelles is widely recognized as an offshore financial center. While incorporation in such jurisdictions is legal, it often attracts entities seeking environments with lower regulatory scrutiny, less stringent capital requirements, and reduced reporting obligations compared to major onshore financial centers like London, New York, or Frankfurt.
The decision to operate from an offshore jurisdiction like Seychelles, particularly while targeting clients in highly regulated markets such as the United States without obtaining the necessary registration 3, is a significant concern. This pattern can be indicative of regulatory arbitrage – a strategy where a firm deliberately chooses a base with weaker oversight to conduct activities that might be restricted, more costly, or subject to greater scrutiny in stricter regulatory regimes. This approach inherently shifts risk away from the operator and onto the client, who may find themselves with limited avenues for recourse in case of disputes or malpractice.
C. Assessment of Legitimacy
Based on the available evidence, BinaryCent’s claim to legitimacy is severely undermined. The combination of factors – operation from an offshore jurisdiction (Seychelles) 3, the apparent lack of regulation by any recognized major financial authority, the long-standing presence on the CFTC’s RED List for unregistered activities 3, and the recent, explicit scam alert from the Financial Commission 1 – collectively points towards an operation that poses substantial risks to clients. The Financial Commission’s direct assertion that the broker may be involved in scamming and defrauding investors 1 is a particularly damaging assessment of its trustworthiness.
V. Service Offering Assessment (Based on Available Data)
While the regulatory and operational aspects raise alarms, an evaluation of the broker’s actual services is also necessary. However, the available information presents significant limitations in this regard.
A. Primary Offering
The core service offered by BinaryCent is explicitly identified as Binary Options trading.3 This type of trading involves predicting the short-term direction of an asset’s price, resulting in a fixed payout if correct or the loss of the invested amount if incorrect.4
B. Platform and Features
Critically, the provided documentation contains virtually no specific details about the actual trading experience offered by BinaryCent. Information typically disclosed by reputable brokers – such as the trading platform software used, available account types, minimum deposit requirements, payout percentages on options, asset lists, leverage details (if applicable), deposit and withdrawal methods and associated fees, and customer support channels – is absent in the reviewed materials concerning BinaryCent.
While external sources like YouTube videos may exist attempting to review the broker 6, the content and findings of such reviews are not detailed in the available data. The absence of verifiable, broker-provided information on these crucial operational aspects is striking.
C. Lack of Transparency
This profound lack of transparency regarding BinaryCent’s services and trading conditions is, in itself, a major red flag. Legitimate brokers typically compete on the quality and cost of their services and therefore provide extensive, easily accessible information about their platforms, account structures, fees, and execution policies (as seen in materials related to other brokers 4).
The contrast between the detailed, severe warnings about BinaryCent’s regulatory status and potential for fraud, and the complete lack of concrete information about its actual trading services, is telling. It suggests that the entity’s public profile, as reflected in this data, is overwhelmingly defined by negative regulatory actions rather than any demonstrable service quality or operational transparency. This pattern is often observed in fraudulent schemes where the focus is on soliciting deposits rather than providing a legitimate, sustainable trading environment. Such operations may deliberately obscure service details to prevent scrutiny that could deter potential victims before they commit funds.
VI. Risk Assessment and Recommendation
Synthesizing the findings from the regulatory analysis, operational profile, and service assessment allows for a comprehensive evaluation of the risks associated with BinaryCent.
A. Synthesis of Findings
The key findings regarding BinaryCent are consistently negative:
- The broker operates without apparent oversight from any reputable financial regulatory authority.
- It has been officially flagged by the U.S. CFTC since 2019 for soliciting U.S. clients without the required registration.3
- It has been placed on the Financial Commission’s Warning List in 2024 due to suspected scam and fraudulent activities targeting traders.1
- The operating entity, Cent Projects Ltd., is based in Seychelles, an offshore jurisdiction known for lighter regulatory touch.3
- There is a significant lack of transparent, verifiable information regarding its trading platform, account conditions, and other essential service details within the reviewed materials.
B. Identified Risks
Engaging with BinaryCent exposes potential clients to several critical risks:
- Risk of Complete Financial Loss: The explicit scam alert from the Financial Commission 1 suggests a high probability that deposited funds may be misappropriated or become irrecoverable due to fraudulent practices.
- Lack of Recourse and Investor Protection: Due to its offshore location 3 and lack of recognizable regulation, clients are likely to have minimal or no effective legal or regulatory channels for dispute resolution or fund recovery if problems arise. The fact that the Financial Commission is warning against the broker implies limited ability for even EDR bodies to assist clients dealing with this specific entity.1
- Regulatory and Compliance Risk: Dealing with an entity explicitly flagged by regulatory bodies like the CFTC for non-compliance 3 carries inherent risks and contravenes the guidance issued by these authorities for investor protection.
The consistency across all available evidence points unequivocally towards an environment of extreme risk. There are no counterbalancing factors presented in the available data – such as confirmed regulatory licenses, positive independent audits, transparent operational disclosures, or verified user testimonials – that could mitigate the severity of the multiple official warnings and red flags identified.
C. Recommendation
Based strictly and solely on the analysis of the provided public records and official warnings, the recommendation is unambiguous:
AVOID ALL ENGAGEMENT WITH BINARYCENT, CENT PROJECTS LTD., AND ANY ASSOCIATED WEBSITES OR REPRESENTATIVES.
Potential traders and investors should not deposit funds, provide personal or financial information, or interact with individuals or platforms associated with this broker. The evidence strongly suggests a high likelihood of fraudulent activity and potential financial loss.
Individuals seeking to trade binary options or other financial instruments should prioritize brokers that are demonstrably regulated by reputable authorities in major, well-regarded financial jurisdictions (e.g., FCA in the UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, or appropriate registration with CFTC/NFA for U.S. residents). Crucially, potential clients should always independently verify a broker’s claimed regulatory status directly with the relevant regulatory body’s official register before opening an account or transferring funds, as advised by the CFTC.3
VII. Conclusion
The assessment of BinaryCent, operated by Cent Projects Ltd. from Seychelles, reveals critical concerns substantiated by official actions from multiple oversight bodies. The broker’s presence on the CFTC’s RED List since December 2019 for unregistered solicitation of U.S. clients 3, coupled with its addition to the Financial Commission’s Warning List in June 2024 amid suspicions of scam and fraud 1, paints a damning picture of its operational practices and regulatory compliance.
The high risk of financial loss identified by the Financial Commission, compounded by the broker’s operation from an offshore jurisdiction lacking robust regulatory oversight and the overall lack of transparency regarding its services, makes BinaryCent an exceptionally hazardous choice for traders. The persistent nature of these issues over several years further underscores the severity of the situation.
Therefore, this report concludes with the strongest possible recommendation to avoid any form of interaction or financial commitment with BinaryCent. The findings emphasize the vital importance of rigorous due diligence, particularly the verification of regulatory status through official channels, before engaging with any online trading platform. The warnings associated with BinaryCent serve as a stark reminder of the potential dangers present in the less regulated segments of the online trading industry.
Works cited
- Scam ALERT: BinaryCent Management Partners Added to Warning List – Financial Commission, accessed April 23, 2025, https://www.financialcommission.org/2024/06/18/scam-alert-binarycent-management-partners-added-to-warning-list/
- Scam ALERT: BinaryCent Management Partners Added To Warning List, accessed April 23, 2025, https://financialcommission.org/2024/06/18/scam-alert-binarycent-management-partners-added-to-warning-list/
- RED List: Binarycent | CFTC, accessed April 23, 2025, https://www.cftc.gov/node/221481
- 10 Best Binary Trading Platforms From $1 (☑️Updated 2025*) – FXLeaders, accessed April 23, 2025, https://www.fxleaders.com/forex-brokers/binary-trading-platforms-1-dollar/
- Commodity | FXstreet.cz, accessed April 23, 2025, https://www.fxstreet.cz/klicova-slova+commodity.html?active_page=3
- BinaryCent Broker Review – Another Scam Broker? Let’s Find Out!, accessed April 23, 2025, https://www.uma.es/publicadores/bbl/wwwuma_dev/fckeditor/editor/filemanager/browser/default/browser.html?pek=pek&Connector=%2F%2Fregiinve%2Etop%2Finve%2Fvideo%2Fbinarycent%2Dbroker%2Dreview%2Danother%2Dscam%2Dbroker%2Dlet%2Ds%2Dfind%2Dout%5Fc516c19eb%2Ehtml
- Online Trading Broker – Global CFDs & Forex Broker / Axi, accessed April 23, 2025, https://www.axi.com/
- Deriv: Online broker for trading anytime, anywhere, accessed April 23, 2025, https://deriv.com/
- Forex Broker InstaForex: trading on Forex market, accessed April 23, 2025, https://www.instaforex.com/
- Cent Account – VT Markets, accessed April 23, 2025, https://www.vtmarkets.com/cent/
- Trading Accounts Overview | Exclusive Markets, accessed April 23, 2025, https://www.exclusivemarkets.com/trading-accounts
- Open Forex trading accounts for any category of traders – LiteFinance, accessed April 23, 2025, https://www.litefinance.org/trading/account-types/
- What account types do you offer? – BDSwiss, accessed April 23, 2025, https://global.bdswiss.com/help-center/general-account/what-account-types-do-you-offer/
- Low Minimum Deposit Forex Brokers in 2025 – BestBrokers.com, accessed April 23, 2025, https://www.bestbrokers.com/forex-brokers/low-minimum-deposit-forex-brokers/
- Compare Forex4you Account Types | 5 Trading Account Types, accessed April 23, 2025, https://www.forex4you.com/en/compare-accounts/