Centument LTD is a Scam APP that Steals Money

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Centument LTD is a Scam APP that Steals Money

Posted on by Patrick Jones

I have just been barraged by a flurry of scam SPAM Emails telling me how the Centument LTD App and Gerald Reed will make me millions of dollars with binary options trading. If you have seen reviews by “ethical” Watchdog sites telling you the opposite, get ready to lose your money because they are affiliates getting commissions for promoting fake binary options trading systems that don’t work.

Quick Update: Centument LTD has been relaunched under the name Centument Project 2.0, but its the same people running the same scam!


Proof of Scam
You can see the images and title above have nothing to do with reality just by googling the subject lines, it’s just a way to lend it more legitimacy. This is the same tactic used by the medallion app scam and without any doubt or reservation the same people are behind this get-rich quick scheme. In fact, it’s very interesting how many review sites exposed the medallion app as a scam for using these tactics, but actually give the Centument LTD app their stamp of approval. I absolutely abhor this hypocrisy and lack of professionalism.

SPAM Emails:
I got an email from some guy calling himself Ichimoku Robot who is asking me if I heard If Bloomberg knows what it is talking about? Well, what a joke right, and now I’m gonna auto-pilot my way into making massive amounts of money trading binary options.

Centument 2

More Proof:
Fake CNN, Forbes, and Bloomberg logos are used as false advertising tactics to deceive innocent victims and lure them into funding trading accounts with shady or unregulated brokers that want to bleed their savings plans dry.

High End Production
This video took a really heavy investment on behalf of these marketers and they were willing to put up significant amounts of money and hire expensive actors and movie producers to get a high quality movie. Still, they are sticking to the same tactics and making the same kinds of mistakes and that is because everyone knows there’s no such thing as a half way crook, and once you are set on a path you can’t deviate from it and become an honest software provider with a legit offer and something that actually works.

Additional Proof
If you scroll down to the bottom of the first page you will see a set of logos that say “Premium Quality” and “The Perfect Choice”. That doesn’t really mean anything and those are not clickable and don’t lead anywhere. I honestly don’t know why they are using these marketing tactics, apparently they do work on most people.

Centument 4

False Claims:

  • Autopilot Earnings
  • Spendable Profits Tonight
  • No Trading Experience Needed
  • Software Does Everything for You
  • 24/7 Support

I tried contacting them and guess what, all they wanted me to do is fund my trading account and would not answer simple questions or get Gerald Reed the actor on the phone to actually verify who he is.

Similar Scams
Insured Profits, the Free Money System by Walter Green, Medallion App, Binary Matrix Pro, Channel Ranger, and Mockingbird Method all use the same dirty tactics. Some of them even deploy malware and will infect your computer with a virus. This also smells like a phishing scam so be careful not to divulge any personal information specifically credit card or bank information.

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Summary and Conclusions
The Centument LTD App is a Scam, that employs the same dirty tactics and will try to sell you signals or automated trading tools under false pretenses and deceptive advertising practices. You can rest assured they will steal your money and leave you hanging on the tree to die as long as you fund a trading account through one of their recommended brokers.

  • binaryoptionsreports

    Is it just me or is everyone here engaged in the same type of dialogue? Is anyone interested in real trading strategies or tools that actually help you profit?

  • Kelly Knight

    Someone showed me the video to this the other day and I was like you have to be kidding me!? The video is so chessy and fake. I hate when he gets in this high end car and drives away!!

    • Hi Kelly, it’s interesting how so many people are buying into this malicious scam. This person Gerald Reed is obviously a well paid actor and the Lambo is a rental. It’s a really expensive production and a very polished website – which makes it even more deceptive and dangerous for people who are not familiar with binary options trading.

  • Kevin K

    I knew a friend you use to put up fake ads on his site to draw people in. I thinks it’s crazy. If your product works you don’t need all this fake stuff on your site. Watch out for this!

    • Hi Kevin, fake ads and false advertising are things people accept as a kind of socially acceptable norm, but this type of criminal behavior is not to be taken lightly. In fact, people have paid hefty fines and even spent time in jail for illegally deceiving the public under false pretenses. There is nothing genuine about the Centument App or Gerald Reed, it’s merely a way for advertisers to lure unsuspecting victims into a binary options scheme.

  • Kelsey

    Wow, people really should be in jail for tricking people like this. I’ve learned that if no links are clickable then stay away. All these so called articles in papers should have links to the “real” article. No excuse!

    • Hi Kelsy, I can sense a bit of discomfort since you don’t understand why some promote the Centument APP, while others criticize it. Well, yes money plays a game but it also has to do with the fact that different people view things differently and everyone can make a case based on their own life experience and knowledge.

  • Grace J.

    They made that site too over the top! To much stuff on a site to make their system look real – means it’s fake!!

    • Hi Grace, that’s a lesson well learned! Did you sign any documents? Well if you did then you will have some difficulties cashing out your money.

  • Chrissy

    I’ve been scammed before and now I know if it’s to good to be true then it is. I always want them to be true like everyone else, but if you can’t find the posted news articles, then it’s fake.

  • Taylor H

    So fake!! I didn’t fall for this video at all!! But I can see where people would. I have in the past too! I’m
    Human. We all live and learn,but people…stay away!

    • Fake rental Lambo is the way to go if you really want to scam in binary options, because people will always be mesmerized by flashy cars and big money. I wonder why binaryoptionswatchdog’s Michael Freeman is promoting this product, I believe there are more genuine tools out there with a solid technological infrastructure that supports it.

  • Amber Beth

    I think a big clue it’s fake is saying you don’t need experience to start making a ton of money. What!? Nothing is that easy or we would all be filthy rich!

  • Beth Anne

    Please!! Auto pilot and spend your profits tonight?! Nothing on autopilot works! It’s takes people 10 years to become an “overnight success.” Beware of phrases like these!!

  • Nicky Smith

    Always email or call the company first!! My friend taught me this! The fakes one will never respond or give you genetic answers and the real ones will go into details! This one doesn’t answer anything!!

    • This is the first and easiest investigation anyone can make, and it will only take you a minute to see if Gerald Reed is a Scam or legit software owner.

  • Lynn V.

    I signed up for this and got a huge mess on my computer!! Viruses galore!! Now I’m spending more money to get my computer working again!! Great post warning people about this site! Nothing comes this easy like they said! It’s fake and a headache! I’ve learned my lesson!!

    • It infects your computer with the Rootkit Virus and Trojan Fave AV which collects your financial information like credit card and social security number – be warned!

  • Jim Hadzinikolaou

    Anybody know of a legit auto trading software, don’t have much extra time to trade on my own!!

  • Gerard Chez

    Hi! Thank you very much for your report. What email did you use to contact them? I used support@centument.co but it is not working. My funds from Porter Finance are not syncing with the centument software: it keeps telling me to fund it. What do you recommend?

    • Hi Gerard, centument is a huge scam. How much did you deposit with Porter?

      • Gerard Chez

        $200, bu have not traded anything. Is Porter also a scam-like trader? Or do they at least work properly as traders and I could use the manual guides you mentioned on your post. Thanks for everything!

        • Porter is ok but Centument is a fake system. Recommend you cash out. The reason they dont reply is because your account is funded and they got paid. Cash out.

          • Gerard Chez

            Ohh thanks!!! You saved my money! Are you recommending cashing out from Centument or Porter,or both? I was thinking on keeping Porter as my broker, but definitely unsubscribe from Centument. Is that ok in your view? Thx!

          • might as well cashout altogether there are other options

          • Gerard Chez

            Great! Will do. Would you mind sending me a link of one that you recommend? Would greatly appreciate it!!! Thanks!

          • sure. send me an email at contact@binaryscamalerts.com and dont forget to subscribe to our YouTube Channel or Facebook Page

          • Sulma Rodriguez

            hey i try to join centument but my card didnt work so they ask me for a phone bill a picture of my id and i send it to them what you recomend to do. im cant work because i got hurt so im looking to make money any way posible to feed my family

          • Run like the wind.

          • Sulma Rodriguez

            What do you recomend because i cant work

          • Yes you can. Look for a simple job from home and dont waste your time on fake apps like centument and Gerald Reed.

          • Sulma Rodriguez

            im in el salvador there really is noyhing to do here that will make any money without working real labor for only 10 dolars a day

          • Well trading is not for you. Your English is good so try looking for an online translation job. Pay isnt that good but where you are from should be ok.

          • Sulma Rodriguez

            thanks i will try to look for something but i ws hopping that there was a legit company out there

          • Sorry someone like you cant risk $250 so Im advising you to move on. Even the best system has risk involved and I cant see you taking chances the way your life is right now.

          • Sulma Rodriguez

            what company should i used because i need to make money some how i cant work because i got hurt . ihave a family to feed pls help

  • Les Hill

    I was using the Watchdog to check Centument & Gerald Reed. Prior info for my Banc De Binary proved true. I use them time to time, and works well. Watchdag said Centument & Gerald Reed are legit, so I loaded a preferred broker Bloombex, similar platform to Banc De Binary. After I made wins, my trash mailbox loaded up with heaps of emails from CEO Centument, Support/Centument, G.Reed, Gerald & Gerald Reed, all saying his well I was going and should look at these other ‘upgraded algorithms’, these were Drexel, Millionaire Society & a host of others over the past 3-4 months. I will stick with BdeB & Bloombex and take my chances of reading the currencies in my own way.

    • colin dadswell

      yeah i also looked at binaryoptionwatchdog……any comment that either questioned or was negative against copybuffett was removed!!!! i’m thinking affiliate, a very cleverly done affiliate, but an affiliate none the less!!

  • shari12

    Is the Drexel Code system a scam?

  • Alfonso Luis Fabros

    Oooooookaaaaay… So I kinda.. Got caught up in the options scheme of things, and decided “HEY! Why not try EVERYTHING I SEE” Bad idea, right? I kinda gave them my credit card number when someone from London, England called up. Sooo.. They only know my credit card number right? They won’t be able to access my bank account if I cancelled my credit card, and swapped for a new one?

    • Correct – they will not. Nice move to protect yourself, now just contact your bank to see if there are any unapproved overseas transactions. Thanks, Pat

  • Hi Charlie,

    You don’t need to cancel your card just tell them not to accept any transactions from that company.
    Thanks, Pat

  • What is your balance please?

  • Hi Jane,
    Send them you documents and proceed to the cashier section of the software to cash out – if you encounter any issues let me know. Thanks Pat

  • Hi Adrien, No it will not I believe they had the malware removed due to customer complaints. But I’m keeping it up because every now and then they get back to their old tricks so I just decided to leave it.

  • Dennis

    I signed up with centument Ltd. and today a broker called me. He wanted my credit card information and how much I wanted to invest… I felt something was of so I pretended I forgot my card… And started checking up on centument…doesn’t look promising…can I do or should I do something to un sign if that’s possible?

    • Hi Dennis, just move on its a SCAM. They wont do anything its OK.

  • zomB

    Thanks…was just going thru internet and come across thin centument…even when back of my head says its too good to be true…i filled up forms…within 10 or 15 minutes i received a call…but because it was already 1.30am in malaysia i asked them to give a call back later in the day…but she was constantly saying limited time offer, extra $100 on top of my investment…smells fishy…so just ask her to call back…searched on internet…came across your blog(thank god the only real review)…off to bed again…not gonna answer my phone

  • David Howell

    Now Banc de Binary are their broker. Although I got a refund, they were acting for Channel Ranger, another scam. Why do licensed brokers do this?

  • Suraj Rai

    I am signed in to this centument in August 2016 but now I regret as they charged me more than 700 Singaporean dollar As they said its 250 USD but after that they said I activated VIP pass which I never did and the charge you more and soon after that I am receiving phone calls from different countries from different company as my money was getting low so I took out all the amount from it as it’s was my other card so I always keep less amount but still they charge you for something so my account got minus and I changed my Card but today I found that my account is getting minus still as I email them to refund my money but I never received reply.