Menu
Century Financial Brokers

Century Financial Brokers review: fraud 14

N
Author of the review
6:06 pm EDT
Resolved
The complaint has been investigated and resolved to the customer’s satisfaction.
Replied
The company left an official comment on this complaint.
Featured review
This review was chosen algorithmically as the most valued customer feedback.

Fraud people-pls don't go to century financial brokers dubai - cheaters

We cater to clients who are busy people and enjoy the personal attention, impartial professional advice and 24 hour reliable service. The key benefits include:

Daily one to one trading advice from a senior financial professional who has the expertise of managing clients portfolio on swiss wealth management platform of the barclays bank.
Facility to trade in stocks world wide (s&p500, nasdaq and dow jones... Etc), foreign exchange (euro, yen, sterling... Etc.), commodities (gold, silver, crude oil... Etc.) 24 hours a day.
You receive online trading platform and can trade on live prices from the comfort of your home or office and also place trades on phone in our office in dubai.
Loan facility up to 50 times of the money deposited in your account to trade in financial markets. ($ 100, 000 gives you faclility up to $ 5mil)
Opportunity to profit from rising as well as falling markets. If you think the market is going down you sell first and buy when it comes down and for rising markets, you buy first and sell when it goes up, thus profit opportunity in both directions.
I will look forward to hearing from you, to explain how you can benefit from trading in international stock markets, foreign exchange and commodities with the daily advice of an accomplished wealth manager.

Yours sincerely,

Imtiaz hussain
Executive vice president

Telephone : +[protected] 7th floor, office 711 / 713
Mobile : +[protected] al khaleej shopping centre
Fax :+[protected] al mankhool road, bur dubai
E-mail : [protected]@cfb. Ae p.O. Box 9126, dubai
Website : www.cfb.ae united arab emirates

Oct 14, 2017 4:33 am EDT
Century Financial Brokers customer support contacts
Phone numbers
Address

7th Floor, Al Khaleej Center, Al Mankhool Road, Dubai, AE

Website
File a complaint Write a review
Respected Madam/Sir,

We have taken a note of the points raised in the complaint (posted May 1, 2012 and others in the thread) though it does not contain any specific details of any action, any event or any happenings. Nor the points raised in the complaint have been substantiated with exact and identifiable facts nor have been validated with specific supporting evidences. Nevertheless, we at Century regret any dissatisfaction or any bad experience, if any, by any of our customers for any of the situations that might have propped up without our knowledge and involvement.

We sincerely request you to approach us with the facts over an email, a phone call or through a personal visit or through our website www.centurybroker.com and we assure one of our authorized officials would definitely take up the matter to address your dissatisfaction or alleged irregularity and try to find a solution within the legal framework and by-laws of the company.

However and as the matter has been posted in public domain adversely affecting our image, we take this opportunity to put forward the facts in its right perspective in as much it pertains to our activities or management systems.

Century Financial Brokers LLC (CFB) is a fully licensed and regulated company, continuously operating in UAE for over 28 years with an employee strength of about hundred fully motivated, technically trained and professionally qualified competent persons. All the communications pertaining to relevant businesses are archived. Therefore, we request you to disclose the relevant details and identify the person with whom you had interactions which will prove the authenticity of the events and help us solve the complaint in the proper manner. We have a database of all the customer emails addressed to us and we can pick up the email sent by you containing your allegation that you have lost your money through unauthorized trading by any of our employees.

We strive to provide industry’s best personalized customer service, customer education and training, 24x5 dedicated customer support services to enable the customers get the best out of the service charges that they pay to us. It may be noted that we as a company do not practice any policy of “Lock-in” period enabling the client to withdraw his/her funds at any point of time without any hindrance. Nor we at Century carry out any unauthorized trading activities either on behalf of the clients or in any client account. We do not promise any ROI or Guarantees on any investments or research analysis.

Last but not the least, we do not trade on behalf of the client. The right and power to execute any trade always remains with the client and the client exercises his/her decision without any interference from our side. It is also note worthy to state here that among the thousands of products/solutions that the client has access to, some of them are traded on margin and has the potential to result in losses that can exceed the deposits. However, indulging in the said trade is entirely the sole discretion of the client who is fully made aware of the inherent risks as well as gains. Thus, we as a company do not have the responsibility for any losses nor we take any credit for any gains that the client makes in the market through their own trading activities.

Century acts with complete transparency, full prudence and maximum care towards its clients. Having said this we hereby invite you to contact us and lodge a formal complaint through telephone or email or through our website www.centurybroker.com and we assure prompt and valid resolution of the issues within the legal frameworks and regulatory norms.
Resolved

The complaint has been investigated and resolved to the customer's satisfaction.

More Century Financial Brokers reviews & complaints

Century Financial Brokers - false promises by sales staff of cfb 15
Resolved
The complaint has been investigated and resolved to the customer’s satisfaction.
Replied
The company left an official comment to this complaint.
Century Financial Brokers - stock trading fraud
Resolved
The complaint has been investigated and resolved to the customer’s satisfaction.
Replied
The company left an official comment to this complaint.
Century Financial Brokers - the management is full of liars and cheaters
Resolved
The complaint has been investigated and resolved to the customer’s satisfaction.
Replied
The company left an official comment to this complaint.
Century Financial Brokers - fraud 1
Resolved
The complaint has been investigated and resolved to the customer’s satisfaction.
Replied
The company left an official comment to this complaint.
14 comments
T
T
tw268
, US
Jan 22, 2017 4:00 am EST

A clear case of the sheep been lead to the slaughter house, People when are you going to learn, The banks struggle, Goldman struggle, big AAA rated companies struggle, so why on earth do you think/ feel that some grease ball with no understanding of this market is going to help you make eye watering Micky mouse returns, wait for it------- with the help of a $100 robot!

Please wake up and smell the coffee you 20% per can not be achieved by no one, and 100% well you believe 100% can be achieved then i am going to call the men in white coats just close your eyes and think, you just like the time you closed them when some low life brain washed into parting with your hard earned money, if these sort of returns were possible dont you naive people think that the world and its mother would be trading this dog eat dog market? yes of course they would, the fact of the matter is that 99% people lose in this market, 1% who make it are AAA rated institutes that make money off the 99% losers

Wake up, dont go chasing a dream that will turn into your worst night mare,

Get in touch via twitter DM

Thanks,

A
A
adamr
, AE
Aug 06, 2016 2:58 am EDT
Verified customer This comment was posted by a verified customer. Learn more

please recommend the law firms that manage to recover the monies
i will hire them asap

D
D
Digcta La
, US
Jul 21, 2016 3:46 am EDT

Hi, Century Finance is a scan where they professional rip you off. I lost USD 10, 000 / AED 37000 just in 2months. Do not go for it.

C
C
Century Financial Brokers
Dubai, AE
Oct 14, 2017 4:06 am EDT
Verified customer This comment was posted by a verified customer. Learn more
Replying to comment of Digcta La

Respected Madam/Sir,

We have taken a note of the points raised in the complaint (Fraud - posted Jul 21, 2016) though it does not contain any specific details of any action, any event or any happenings. Nor the points raised in the complaint have been substantiated with exact and identifiable facts nor have been validated with specific supporting evidences. Nevertheless, we at Century regret any dissatisfaction or any bad experience, if any, by any of our customers for any of the situations that might have propped up without our knowledge and involvement.

We sincerely request you to approach us with the facts over an email, a phone call or through a personal visit or through our website www.centurybroker.com and we assure one of our authorized officials would definitely take up the matter to address your dissatisfaction or alleged irregularity and try to find a solution within the legal framework and by-laws of the company.

However and as the matter has been posted in public domain adversely affecting our image, we take this opportunity to put forward the facts in its right perspective in as much it pertains to our activities or management systems.

Century Financial Brokers LLC (CFB) is a fully licensed and regulated company, continuously operating in UAE for over 28 years with an employee strength of about hundred fully motivated, technically trained and professionally qualified competent persons. All the communications pertaining to relevant businesses are archived. Therefore, we request you to disclose the relevant details and identify the person with whom you had interactions which will prove the authenticity of the events and help us solve the complaint in the proper manner. We have a database of all the customer emails addressed to us and we can pick up the email sent by you containing your allegation that you have lost your money through unauthorized trading by any of our employees.

We strive to provide industry’s best personalized customer service, customer education and training, 24x5 dedicated customer support services to enable the customers get the best out of the service charges that they pay to us. It may be noted that we as a company do not practice any policy of “Lock-in” period enabling the client to withdraw his/her funds at any point of time without any hindrance. Nor we at Century carry out any unauthorized trading activities either on behalf of the clients or in any client account. We do not promise any ROI or Guarantees on any investments or research analysis.

Last but not the least, we do not trade on behalf of the client. The right and power to execute any trade always remains with the client and the client exercises his/her decision without any interference from our side. It is also note worthy to state here that among the thousands of products/solutions that the client has access to, some of them are traded on margin and has the potential to result in losses that can exceed the deposits. However, indulging in the said trade is entirely the sole discretion of the client who is fully made aware of the inherent risks as well as gains. Thus, we as a company do not have the responsibility for any losses nor we take any credit for any gains that the client makes in the market through their own trading activities.

Century acts with complete transparency, full prudence and maximum care towards its clients. Having said this we hereby invite you to contact us and lodge a formal complaint through telephone or email or through our website www.centurybroker.com and we assure prompt and valid resolution of the issues within the legal frameworks and regulatory norms.

T
T
TradersAllied
, US
Feb 02, 2016 8:36 am EST

Guys if you are new to the Forex industry, century will make promises as to how they will assist you to make money in the markets. But guys century is just a sub broker here in Dubai. They are not even authorised to accept clients monies here in Dubai. Your account is opened with CMC Markets UK and the best part is that you can directly open your account with CMC markets without the interference on Century Financials Brokers. Century will charge you 5 pips spread on any major currency which as per the international standards is probably the highest in the world. A 5 pip spread on a eur/usd pair per lot basis equates $50 as spread charges plus further commission charges. Please google any forex trading company and you will realize that no broker charges such high spreads and commissions. The industry standard today on a eur/usd pair is not more than 1.5 pips. Apart from the exorbitant spreads and the additional commission costs, if you still end up making profit in the account of century, there will be some additional costs which will be levied onto your account which will forbid you from making any additional profits. Even though I am an experienced trader dealing with a lot of companies worldwide just to diversify my risk, all other companies are fair in their dealings and practices. Century has been the worst experience ever followed by IG. If you are looking for a low cost or a reliable platform to trade, dont go through any of these sub brokers cause its these sub brokers that are the worst in the lot. Open a direct account with any company and you will see fair dealings of your funds. hope my best will help a lot of investors going forward to protect their money.

C
C
Century Financial Brokers
Dubai, AE
Oct 14, 2017 3:59 am EDT
Verified customer This comment was posted by a verified customer. Learn more

Respected Madam/Sir,

We have taken a note of the points raised in the complaint (Fraud - posted Feb 02, 2016) though it does not contain any specific details of any action, any event or any happenings. Nor the points raised in the complaint have been substantiated with exact and identifiable facts nor have been validated with specific supporting evidences. Nevertheless, we at Century regret any dissatisfaction or any bad experience, if any, by any of our customers for any of the situations that might have propped up without our knowledge and involvement.

We sincerely request you to approach us with the facts over an email, a phone call or through a personal visit or through our website www.centurybroker.com and we assure one of our authorized officials would definitely take up the matter to address your dissatisfaction or alleged irregularity and try to find a solution within the legal framework and by-laws of the company.

However and as the matter has been posted in public domain adversely affecting our image, we take this opportunity to put forward the facts in its right perspective in as much it pertains to our activities or management systems.

Century Financial Brokers LLC (CFB) is a fully licensed and regulated company, continuously operating in UAE for over 28 years with an employee strength of about hundred fully motivated, technically trained and professionally qualified competent persons. All the communications pertaining to relevant businesses are archived. Therefore, we request you to disclose the relevant details and identify the person with whom you had interactions which will prove the authenticity of the events and help us solve the complaint in the proper manner. We have a database of all the customer emails addressed to us and we can pick up the email sent by you containing your allegation that you have lost your money through unauthorized trading by any of our employees.

We strive to provide industry’s best personalized customer service, customer education and training, 24x5 dedicated customer support services to enable the customers get the best out of the service charges that they pay to us. It may be noted that we as a company do not practice any policy of “Lock-in” period enabling the client to withdraw his/her funds at any point of time without any hindrance. Nor we at Century carry out any unauthorized trading activities either on behalf of the clients or in any client account. We do not promise any ROI or Guarantees on any investments or research analysis.

Last but not the least, we do not trade on behalf of the client. The right and power to execute any trade always remains with the client and the client exercises his/her decision without any interference from our side. It is also note worthy to state here that among the thousands of products/solutions that the client has access to, some of them are traded on margin and has the potential to result in losses that can exceed the deposits. However, indulging in the said trade is entirely the sole discretion of the client who is fully made aware of the inherent risks as well as gains. Thus, we as a company do not have the responsibility for any losses nor we take any credit for any gains that the client makes in the market through their own trading activities.

Century acts with complete transparency, full prudence and maximum care towards its clients. Having said this we hereby invite you to contact us and lodge a formal complaint through telephone or email or through our website www.centurybroker.com and we assure prompt and valid resolution of the issues within the legal frameworks and regulatory norms.

J
J
JaneshSingh
, US
Dec 01, 2015 5:40 am EST

I have been dealing with Century Financial Brokers LLC for more than 24 years now and I know many of the staff there. They are very professional, very transparent and service conscious and the company has an excellent reputation. Please ignore all the negative comments about Century because they are all written by a senior employee of Century who was fired and has opened a commercial brokerage company and trying to take clients away from Century.

S
S
ShihabKappan
, AE
Oct 07, 2015 3:41 am EDT

I have also verybad experience from This company Never go they will eat your money like he'll

C
C
Century Financial Brokers
Dubai, AE
Oct 14, 2017 4:09 am EDT
Verified customer This comment was posted by a verified customer. Learn more

Respected Madam/Sir,

We have taken a note of the points raised in the complaint (Fraud - posted Oct 07, 2015) though it does not contain any specific details of any action, any event or any happenings. Nor the points raised in the complaint have been substantiated with exact and identifiable facts nor have been validated with specific supporting evidences. Nevertheless, we at Century regret any dissatisfaction or any bad experience, if any, by any of our customers for any of the situations that might have propped up without our knowledge and involvement.

We sincerely request you to approach us with the facts over an email, a phone call or through a personal visit or through our website www.centurybroker.com and we assure one of our authorized officials would definitely take up the matter to address your dissatisfaction or alleged irregularity and try to find a solution within the legal framework and by-laws of the company.

However and as the matter has been posted in public domain adversely affecting our image, we take this opportunity to put forward the facts in its right perspective in as much it pertains to our activities or management systems.

Century Financial Brokers LLC (CFB) is a fully licensed and regulated company, continuously operating in UAE for over 28 years with an employee strength of about hundred fully motivated, technically trained and professionally qualified competent persons. All the communications pertaining to relevant businesses are archived. Therefore, we request you to disclose the relevant details and identify the person with whom you had interactions which will prove the authenticity of the events and help us solve the complaint in the proper manner. We have a database of all the customer emails addressed to us and we can pick up the email sent by you containing your allegation that you have lost your money through unauthorized trading by any of our employees.

We strive to provide industry’s best personalized customer service, customer education and training, 24x5 dedicated customer support services to enable the customers get the best out of the service charges that they pay to us. It may be noted that we as a company do not practice any policy of “Lock-in” period enabling the client to withdraw his/her funds at any point of time without any hindrance. Nor we at Century carry out any unauthorized trading activities either on behalf of the clients or in any client account. We do not promise any ROI or Guarantees on any investments or research analysis.

Last but not the least, we do not trade on behalf of the client. The right and power to execute any trade always remains with the client and the client exercises his/her decision without any interference from our side. It is also note worthy to state here that among the thousands of products/solutions that the client has access to, some of them are traded on margin and has the potential to result in losses that can exceed the deposits. However, indulging in the said trade is entirely the sole discretion of the client who is fully made aware of the inherent risks as well as gains. Thus, we as a company do not have the responsibility for any losses nor we take any credit for any gains that the client makes in the market through their own trading activities.

Century acts with complete transparency, full prudence and maximum care towards its clients. Having said this we hereby invite you to contact us and lodge a formal complaint through telephone or email or through our website www.centurybroker.com and we assure prompt and valid resolution of the issues within the legal frameworks and regulatory norms.

S
S
shq82
, US
Jul 24, 2015 3:16 am EDT
Verified customer This comment was posted by a verified customer. Learn more

There is only one legimate and regulated forex broker in UAE which regulates and head quartered in UK as well. Fast payouts genuine platform
It is illegal here or for regulated company to trade on behalf of customers if someone doing that means it's 100% fraud and not regulated by concerned authorities .
Anyone who is interested in profitable forex trading can contact me on

M
M
Mo.Ali
, AE
Mar 16, 2015 9:59 am EDT

WORST TRADING COMPANY EVER!
Their advises are as good as nothing! I doubt they even have any professional advisors or analyst.
All their recommendations never happen and mostly end up hurting your portfolio.
They managed to turn USD 20, 000 into 300 so easily!
They give you advises and they never follow up to tell you things are changed or when it is best to revise.
More like Fraud Financial Brokers.

C
C
Century Financial Brokers
Dubai, AE
Oct 14, 2017 4:11 am EDT
Verified customer This comment was posted by a verified customer. Learn more
Replying to comment of Mo.Ali

Respected Madam/Sir,

We have taken a note of the points raised in the complaint (Fraud - posted Mar 16, 2015) though it does not contain any specific details of any action, any event or any happenings. Nor the points raised in the complaint have been substantiated with exact and identifiable facts nor have been validated with specific supporting evidences. Nevertheless, we at Century regret any dissatisfaction or any bad experience, if any, by any of our customers for any of the situations that might have propped up without our knowledge and involvement.

We sincerely request you to approach us with the facts over an email, a phone call or through a personal visit or through our website www.centurybroker.com and we assure one of our authorized officials would definitely take up the matter to address your dissatisfaction or alleged irregularity and try to find a solution within the legal framework and by-laws of the company.

However and as the matter has been posted in public domain adversely affecting our image, we take this opportunity to put forward the facts in its right perspective in as much it pertains to our activities or management systems.

Century Financial Brokers LLC (CFB) is a fully licensed and regulated company, continuously operating in UAE for over 28 years with an employee strength of about hundred fully motivated, technically trained and professionally qualified competent persons. All the communications pertaining to relevant businesses are archived. Therefore, we request you to disclose the relevant details and identify the person with whom you had interactions which will prove the authenticity of the events and help us solve the complaint in the proper manner. We have a database of all the customer emails addressed to us and we can pick up the email sent by you containing your allegation that you have lost your money through unauthorized trading by any of our employees.

We strive to provide industry’s best personalized customer service, customer education and training, 24x5 dedicated customer support services to enable the customers get the best out of the service charges that they pay to us. It may be noted that we as a company do not practice any policy of “Lock-in” period enabling the client to withdraw his/her funds at any point of time without any hindrance. Nor we at Century carry out any unauthorized trading activities either on behalf of the clients or in any client account. We do not promise any ROI or Guarantees on any investments or research analysis.

Last but not the least, we do not trade on behalf of the client. The right and power to execute any trade always remains with the client and the client exercises his/her decision without any interference from our side. It is also note worthy to state here that among the thousands of products/solutions that the client has access to, some of them are traded on margin and has the potential to result in losses that can exceed the deposits. However, indulging in the said trade is entirely the sole discretion of the client who is fully made aware of the inherent risks as well as gains. Thus, we as a company do not have the responsibility for any losses nor we take any credit for any gains that the client makes in the market through their own trading activities.

Century acts with complete transparency, full prudence and maximum care towards its clients. Having said this we hereby invite you to contact us and lodge a formal complaint through telephone or email or through our website www.centurybroker.com and we assure prompt and valid resolution of the issues within the legal frameworks and regulatory norms.

K
K
khawarali1956
, AE
Nov 19, 2014 5:15 am EST

HI,
CENTURY FINANCIAL BROKERS is not allowed to trade on their client’s behalf for the reference you can check their central bank licence which is present on their website www.cfb.ae if you want to get back your funds just send complain to the central bank. Or u can also send legal notice. It is UAE law, companies are only allowed to take those actions which is mentioned on their licence if there is a violation of licencing authority then they are strictly liable to their customers.
Why am I helping you cause I went from the same process but I have got my all dues. And all credit goes to my company lawayer.

K
K
khawarali1956
, AE
Nov 19, 2014 4:28 am EST

Extremely Bad experience with CENTURY FINANCIAL BROKERS I started with $70000/. Their unprofessional traders just wiped my hard earned money within two months and I was left with only $4800. Whereas they convinced me approximately 8 to 10% profit on monthly basis it was all lies and cheating from CENTURY FINANCIAL BROKERS.
Please don't fell in their falls promises. That was extremely shocking and painful for me which made me kept thinking how to recover my hard earned money, I consulted to my company lawyer and together we found out on their UAE CENTRAL BANK LICENCE, that CENTURY FINANCIAL BROKERS is not allowed to trade on clients behalf. I made complain to central bank that I have been cheated in worse way. Then I send the legal notice on companies name and thank God our deal was settled on $55000.

E
E
Eng.
, AE
Sep 04, 2014 12:43 pm EDT

I had a very bad experience with CFB. They managed to make me loose around AED 50, 000. Their dedicated team needs some training. Cheers!

R
R
rajesh keswani
, AE
Jul 31, 2014 7:39 am EDT
Verified customer This comment was posted by a verified customer. Learn more

same happening with new, inexpereinced traders playing with my fund lost 5000 dollars so far in 1 month

C
C
Century Financial Brokers
Dubai, AE
Oct 14, 2017 4:16 am EDT
Verified customer This comment was posted by a verified customer. Learn more

Respected Sir,

We have taken a note of the points raised in the complaint (posted Jul 31, 2014) though it does not contain any specific details of any action, any event or any happenings. Nor the points raised in the complaint have been substantiated with exact and identifiable facts nor have been validated with specific supporting evidences. Nevertheless, we at Century regret any dissatisfaction or any bad experience, if any, by any of our customers for any of the situations that might have propped up without our knowledge and involvement.

We sincerely request you to approach us with the facts over an email, a phone call or through a personal visit or through our website www.centurybroker.com and we assure one of our authorized officials would definitely take up the matter to address your dissatisfaction or alleged irregularity and try to find a solution within the legal framework and by-laws of the company.

However and as the matter has been posted in public domain adversely affecting our image, we take this opportunity to put forward the facts in its right perspective in as much it pertains to our activities or management systems.

Century Financial Brokers LLC (CFB) is a fully licensed and regulated company, continuously operating in UAE for over 28 years with an employee strength of about hundred fully motivated, technically trained and professionally qualified competent persons. All the communications pertaining to relevant businesses are archived. Therefore, we request you to disclose the relevant details and identify the person with whom you had interactions which will prove the authenticity of the events and help us solve the complaint in the proper manner. We have a database of all the customer emails addressed to us and we can pick up the email sent by you containing your allegation that you have lost your money through unauthorized trading by any of our employees.

We strive to provide industry’s best personalized customer service, customer education and training, 24x5 dedicated customer support services to enable the customers get the best out of the service charges that they pay to us. It may be noted that we as a company do not practice any policy of “Lock-in” period enabling the client to withdraw his/her funds at any point of time without any hindrance. Nor we at Century carry out any unauthorized trading activities either on behalf of the clients or in any client account. We do not promise any ROI or Guarantees on any investments or research analysis.

Last but not the least, we do not trade on behalf of the client. The right and power to execute any trade always remains with the client and the client exercises his/her decision without any interference from our side. It is also note worthy to state here that among the thousands of products/solutions that the client has access to, some of them are traded on margin and has the potential to result in losses that can exceed the deposits. However, indulging in the said trade is entirely the sole discretion of the client who is fully made aware of the inherent risks as well as gains. Thus, we as a company do not have the responsibility for any losses nor we take any credit for any gains that the client makes in the market through their own trading activities.

Century acts with complete transparency, full prudence and maximum care towards its clients. Having said this we hereby invite you to contact us and lodge a formal complaint through telephone or email or through our website www.centurybroker.com and we assure prompt and valid resolution of the issues within the legal frameworks and regulatory norms.

S
S
Syed Maqsood
, AE
Apr 24, 2013 2:21 am EDT
Verified customer This comment was posted by a verified customer. Learn more

I will not advice any body to risk their money to CFB. I they do not adhere to their promise. In my case they promised to allocate experienced trader who will call me before any transaction and keep me updated with the progress and the trader called me to update but only for first few days and then stopped and I was only getting statement next morning. I started dealing with them around Octuber 2012 with AED 37, 000.00 / USE 10, 000.00 which is minimum to start. In first couple of months it showed some grwoth and then it started sinking down to USD 8000 and then USD 5000. I called my trader to ask what is happening and why I am not infomred but was given false assurances that market will pick up and so on.. finally my balance was close to Zero by the end of December 2012.. And that is the time I received the call from them that my balance is critically low and have to give AED 10, 000 more.. I said first I will meet the trader to know what is happening and when I was again given a false promises and was told that if I do that I will not only re-gain the lost amount but will also get substantial profit as the market is all destined to pick up now and since I was much worried about my lost fund I was fool enough to aagree to give them AED 10, 000 more.. and in February I got the notice that my balance again critically low and have to pour in more money.. But this time I decided to stop it but by that time I alreadye lost AED 47, 000. which is a substantial amount for a salaried person like me...
Conclusion: Never trust CFC they will attend you only till the time you give your money once you get in the trap you will only realise when it is too late - Syed

C
C
Century Financial Brokers
Dubai, AE
Oct 14, 2017 4:19 am EDT
Verified customer This comment was posted by a verified customer. Learn more

Respected Sir,

We have taken a note of the points raised in the complaint (posted Apr 24, 2013) though it does not contain any specific details of any action, any event or any happenings. Nor the points raised in the complaint have been substantiated with exact and identifiable facts nor have been validated with specific supporting evidences. Nevertheless, we at Century regret any dissatisfaction or any bad experience, if any, by any of our customers for any of the situations that might have propped up without our knowledge and involvement.

We sincerely request you to approach us with the facts over an email, a phone call or through a personal visit or through our website www.centurybroker.com and we assure one of our authorized officials would definitely take up the matter to address your dissatisfaction or alleged irregularity and try to find a solution within the legal framework and by-laws of the company.

However and as the matter has been posted in public domain adversely affecting our image, we take this opportunity to put forward the facts in its right perspective in as much it pertains to our activities or management systems.

Century Financial Brokers LLC (CFB) is a fully licensed and regulated company, continuously operating in UAE for over 28 years with an employee strength of about hundred fully motivated, technically trained and professionally qualified competent persons. All the communications pertaining to relevant businesses are archived. Therefore, we request you to disclose the relevant details and identify the person with whom you had interactions which will prove the authenticity of the events and help us solve the complaint in the proper manner. We have a database of all the customer emails addressed to us and we can pick up the email sent by you containing your allegation that you have lost your money through unauthorized trading by any of our employees.

We strive to provide industry’s best personalized customer service, customer education and training, 24x5 dedicated customer support services to enable the customers get the best out of the service charges that they pay to us. It may be noted that we as a company do not practice any policy of “Lock-in” period enabling the client to withdraw his/her funds at any point of time without any hindrance. Nor we at Century carry out any unauthorized trading activities either on behalf of the clients or in any client account. We do not promise any ROI or Guarantees on any investments or research analysis.

Last but not the least, we do not trade on behalf of the client. The right and power to execute any trade always remains with the client and the client exercises his/her decision without any interference from our side. It is also note worthy to state here that among the thousands of products/solutions that the client has access to, some of them are traded on margin and has the potential to result in losses that can exceed the deposits. However, indulging in the said trade is entirely the sole discretion of the client who is fully made aware of the inherent risks as well as gains. Thus, we as a company do not have the responsibility for any losses nor we take any credit for any gains that the client makes in the market through their own trading activities.

Century acts with complete transparency, full prudence and maximum care towards its clients. Having said this we hereby invite you to contact us and lodge a formal complaint through telephone or email or through our website www.centurybroker.com and we assure prompt and valid resolution of the issues within the legal frameworks and regulatory norms.

K
K
Krizzy2008
, AE
May 09, 2012 3:33 pm EDT

I’m new to the market but am gaining substantial profit! Markets are risky sometimes but CFB team is always great in research and risk management!

Learn how the rating is calculated

Write a review File a complaint

Century Financial Brokers contacts

Phone number
Website
century.ae
Category