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FXCentrum Review

Why choose FXCentrum

Provides a variety of trading instruments with flexible account options.

Pros

  • Wide range of assets.
  • Multiple account types.
  • User-friendly platforms.

Cons

  • Limited regulatory oversight; primarily focuses on forex and CFDs.
FXCentrum

FXCentrum

Fee Level:

Medium

Inactivity Fee:

Medium

Index CFD Fee:

Medium

Investor Protection:

Compensation schemes vary by jurisdiction.

Mobile Platform:

Visit FXCentrum

Offers a cost-effective trading environment with minimal fees.

Pros

  • No inactivity or withdrawal fees; competitive spreads across various instruments.

Cons

  • Limited investor protection depending on regulatory jurisdiction.

Implements security measures such as negative balance protection and segregated client funds.

Pros

  • Provides negative balance protection and segregated client funds.

Cons

  • Limited investor protection for clients in certain regions.

FXCentrum supports bank transfers, cards, and e-wallets. Deposits within hours; withdrawals take 1–5 days.

Pros

  • No deposit fees, multiple funding options, secure transactions.

Cons

  • No deposit fees, multiple funding options, secure transactions.

FXCentrum provides a fully online account opening process with KYC verification taking 1–3 business days.

Pros

  • Simple sign-up process with low deposit requirements.

Cons

  • Simple sign-up process with low deposit requirements.

FXCentrum offers mobile trading through the MetaTrader 4 (MT4) app, providing standard features like real-time quotes, basic charting tools, and various order types.

Pros

  • Reliable performance, widely used platform, essential trading functionalities.

Cons

  • Outdated interface, lacks advanced features found in newer apps.

FXCentrum utilizes the MT4 desktop platform, offering a stable environment with essential trading tools and support for automated trading strategies.

Pros

  • Supports Expert Advisors (EAs), customizable interface, extensive community support.

Cons

  • No support for MT5, interface may appear dated.

FXCentrum's product range includes various forex pairs and CFDs on commodities and indices, suitable for traders focusing on major markets.

Is FXCentrum a regulated broker?

Yes, FXCentrum is regulated by the Seychelles Financial Services Authority (FSA) under license number SD055.

What trading platforms does FXCentrum offer?

FXCentrum offers its proprietary platform, FXC Trader, which is available on web browsers, desktop applications, and mobile devices. The platform features advanced charting tools, technical analysis capabilities, and a copy trading feature that allows users to replicate the trades of experienced traders. Currently, FXCentrum does not support MetaTrader 4 (MT4) or MetaTrader 5 (MT5).

What is the minimum deposit required?

The minimum deposit for a Standard Account is $10, while the VIP Account requires a minimum deposit of $10,000.

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