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The WikiFX Score of this broker is reduced because of too many complaints!

Ceres

New Zealand|5-10 years|
Suspicious Regulatory License|Counterfeit MT4/5|Regional Brokers|High potential risk|

http://www.ceresfx.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Counterfeit

2
Server Name
GoldenStoneGlobal-Demo MT4
Server Location United States

Contact

service@ceresfx.com
http://www.ceresfx.com
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Broker Information

More

Company Name

Ceres Services Group Limited

Company Abbreviation

Ceres

Platform registered country and region

New Zealand

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2023-12-05
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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    Ceres · Company Summary

    Note: Ceress official site - http://www.Ceresfx.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

    Ceres Review Summary in 4 Points
    Founded 5-10 years
    Registered Country/Region New Zealand
    Regulation Non-regulated
    Customer Support Email, QQ

    What is Ceres?

    Ceres, fully known as Ceres Services Group Limited, is a global company based in New Zealand, offering financial services to traders across the globe. However, it's critical to underscore specific issues of concern. Ceres currently lacks valid regulatory oversight from recognized institutions, creating legitimate concerns about trading security. Its malfunctioning website is another significant issue that warrants serious attention.

    Ceres

    In the following sections, we will delve into an in-depth exploration and explanation of this broker's features from various perspectives, providing clear and well-structured information. If this sparks your interest, we encourage you to keep reading. The article will round off with a concise summary, allowing you to quickly and effectively grasp the broker's key traits.

    Pros & Cons

    Pros Cons
    • None • Not regulated
    • Inaccessible website
    • Lack of transparency
    • Limited customer support channels
    • Negative reviews from their clients

    Upon a detailed evaluation, it is evident that the broker Ceres Services Group Limited has no discernable advantages to be highlighted.

    The primary drawback is its lack of regulatory oversight, which is a significant safety concern. Coupled with its inaccessible website, the transparency of this broker becomes highly questionable, undermining its credibility drastically. The broker also falls short in offering a variety of customer support channels to Email and QQ only, impeding their ability to respond effectively and promptly to customer queries or issues. In addition, negative reviews from its clients serve as another warning sign, accentuating the necessity for prospective traders to exercise caution. Therefore, the negatives far outweigh any conceivable positives, indicating necessary vigilance when considering this broker.

    Is Ceres Safe or Scam?

    When considering the safety of a brokerage like Ceres or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

    • Regulatory sight: non-regulated status casts serious doubts regarding the security of trading with them. And, with their official website currently not being accessible, indications suggest possible discontinuation of their operations. These elements together escalate the potential risks involved when considering investments through this platform.

    no license
    • User feedback: The existence of seven reports related to scams and withdrawal issues on WikiFX should unequivocally be regarded as potential warning signs. It's essential for anyone considering initiating dealings with a broker or investment platform to carry out comprehensive research and meticulous evaluation to prevent making decisions they might later regret.

    • Security measures: So far we cannot find any security measures info on Internet for this broker.

    In the end, deciding if you should engage in trading with Ceres is a subjective decision. It would be prudent to thoroughly assess the risks and advantages before coming to a conclusion.

    User Exposure on WikiFX

    The existence of seven reports related to scams and withdrawal issues with this broker, which are visibly available on our website on WikiFX, should undeniably serve as major red flags. We highly recommend all traders to thoroughly scrutinize all the available information before jeopardizing their hard-earned assets.

    Designed to be a comprehensive database, our website helps traders in making well-informed decisions. If you happen to come across any fraudulent activities by brokers or become a victim of such situations, we strongly advise you to report these incidents through our 'Exposure' section. We highly appreciate your input. Our adept team is committed to handling these issues and will strive to find a resolution to these grave circumstances.

    User Exposure on WikiFX

    Customer Service

    Customer service at Ceres is somewhat restrained, limited to only two channels of communication: email and QQ. This restricted access could potentially disrupt direct or varied forms of client communication and assistance requirements.

    QQ: 2396559722.

    Email: service@ceresfx.com.

    Conclusion

    Ceres, an online global firm located in New Zealand, claims to offer trading services to an international clientele. Despite this, its non-regulated status immediately raises red flags, since duly regulated brokers are required to adhere to specific financial guidelines to ensure their clients' security. Such a lack of regulation escalates potential risks for traders, making them more susceptible to scams.

    The dysfunctional state of their website and the seven reports of scams and withdrawal issues on WikiFX further accentuate the lack of professionalism and disregard for details, which in turn cast doubts on the reliability of their service.

    As such, anybody considering using Ceres as a trading option should exercise utmost caution and take some time in extensively researching other regulated alternatives that prioritize transparency, safety, and reliability.

    Frequently Asked Questions (FAQs)

    Q 1: Is Ceres regulated?
    A 1: No. It has been verified that this broker currently has no valid regulation.
    Q 2: Is Ceres a good broker for beginners?
    A 2: No. It is not a good choice for beginners. Not only because of its non-regulatory condition, but also because of the lack of transparency and reports of scams and unable to withdraw.

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

    In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

    User Reviews

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    Comments

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    村头大明白
    more than one year
    I am extremely frustrated with my experience using the Ceres platform. Not only have I been unable to log in, but I have also been unable to withdraw my funds, and my account manager has disappeared. This has left me feeling helpless and uncertain about the status of my investments. I strongly advise against using Ceres, as my experience has been nothing short of a nightmare.
    2023-03-24 17:45
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    0
    FX1151016135
    more than one year
    Speechless, the website has become a pornographic website, I almost died socially... I saw that someone on wikifx said they were cheated! I hope they can recover their funds soon... Really hate these scammers, I believe that good and evil will be rewarded.
    2022-12-14 17:12
    Reply
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    0
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