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CentFX

Saint Vincent and the Grenadines|2-5 years|
Retail Forex License|MT5 Full License|Regional Brokers|Medium potential risk|Offshore Regulated|

https://centfx.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

4
Server Name
CentFx-Live MT5
Server Location United Kingdom

Contact

+44 7452329956
support@centfx.com
https://centfx.com/
The Valley, No. 8 Cassius Webster Building, Grace Complex, The Valley, 1330, Anguilla.

Licenses

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

Single Core

1G

40G

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Contact number

English

+44 7452329956

Other ways of contact

Broker Information

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Company Name

CentFX Ltd

Abbreviation

CentFX

Platform registered country and region

Saint Vincent and the Grenadines

Company website
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WikiFX Risk Alerts
Previous Detection : 2024-07-24
  • The Mauritius FSC regulation with license number: GB23201644 is an offshore regulation. Please be aware of the risk!

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CentFX · WikiFX Survey

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CentFX · Company Summary

Feature Detail
Years of business 2022
Headquarters ARCA of ANGUILLA
Regulatory Status FSC (In Mauritius)
Market Instrument 400+ instruments CFDs on stocks/indices/metal/commodities/currency pairs/cryptocurrency
Account Type Micro, Standard, ECN, Customize
Maximum Leverage 1:1000
Spread Starting from 0 pips
Commission From $0-$10, swap free
Trading Platform MT5 for desktop/mobile/web
Minimum Deposit $10
Deposit & Withdrawal Method N/A

Overview of CentFX

CentFX, a trading name of CentFX Ltd, presents itself as an international brokerage firm that has been providing services for trading and investment in currency and derivatives markets since 2022.

It is registered in ARCA of ANGUILLA and works in the financial market retail industry. The broker says it provides private clients all around the world with over 400 tradable financial instruments with flexible leverage up to 1:1000 and variable spreads from 0 pips on the MT5 for desktop, mobile and web trading platforms, as well as a choice of eight different live account types. Here is the home page of this brokers official site:

Overview of CentFX

Regulatory Status

As for regulation, CentFX operates without regulation.

Pros and Cons

CentFX offers an impressive set of advantages to traders. Firstly, with 400+ trading instruments, investors have a wide array of options. In addition, they provide multiple account types, catering to various levels of trading experience and investment capabilities. Not to mention, generous leverage of up to 1:1000 allows for robust trading potential. The firm also offers tight spreads which can greatly enhance profit possibilities. The popular MT5 trading platform they use is well-regarded in the industry for its user-friendly features. Lastly, the availability of live chat guarantees prompt customer service.

However, every firm has room for growth. As CentFX is relatively newly established, it still needs time to further establish its credibility and reliability in the competitive trading landscape.

Pros Cons
400+ trading instruments Relatively newly established
Multiple types of accounts
Generous leverage of up to 1:1000
Tight spreads
Popular trading paltform MT5
Live chat available

Market Instruments

CentFX advertises that it offers access to more than 400 trading instruments in financial markets, covering CFDs on forex, indices, metals, and cryptocurrency.

Their Forex trading platform boasts an impressive range of up to 400+ forex pairs, offering the privilege of trading with zero spreads, the flexibility of customizable strategies, and the assurance of swift withdrawals for a truly rewarding trading experience.

For crypto enthusiasts, CentFX Limited's crypto platform promises 100+ trading options paired with user-friendly operations, low costs, and fast access to funds. This platform takes pride in its advanced risk management system and ultra-fast execution rates.

Lastly, their Indices trading platform ensures the success of traders with its easy account opening process, a diverse selection of indices, low costs, swift fund access, and meticulous risk management. At CentFX Limited, there is a suitable trading solution for every investor.

Market Instruments

Account Types

The Micro account requires a minimum deposit of $10 and offers spreads from 1.5 pips. The trade size starts from 1.0 lot with a maximum leverage of 1:800.

The Standard account necessitates a minimum deposit of $500 with spreads starting from 1.2 pips. Here, the minimum trade size is 0.01 lots and provides a maximum leverage of 1:1000.

The ECN account asks for a minimum deposit of $5000 and presents spreads from 0 pips. The minimum trade size is also 0.01 lots, but the maximum leverage is slightly smaller at 1:200.

Finally, the Customize account requires a high minimum deposit of $10,000, offering customizable spreads from 0 pips. The minimum trade size is 0.10 lots, and it grants leverage up to 1:1000. Each of these accounts is tailored to suit different types of trading preferences.

Account Type Minimum Deposit Spreads Minimum Trade Size (Lots) Maximum Leverage
Micro $10 From 1.5 pips 1.0 1:800
Standard $500 From 1.2 pips 0.01 1:1000
ECN $5000 From 0 pips 0.01 1:200
Customize $10,000 From 0 pips (Customize) 0.10 Up to 1:1000
Account Types

In addition to these four types of accounts, they also offer a demo account that beginners can start with for free. Traders who are not very proficient in trading skills can start practicing with a demo account, which can reduce the risk of trading losses.

Account Types

How to Open an Account of CentFX?

How to Open an Account of CentFX?

Opening an account with CENTFX is a straightforward process:

  1. Register: To begin with, you need to register for an account with CENTFX.

  2. Verify: Upon registration, you then log in to your Client Portal.

  3. Deposit: Once your account has been verified, you'll need to top up your account.

  4. Trade: Now, you're all set! Open your trading platform, and place your trades with CENTFX.

By following these five simple steps, you can easily start trading with CENTFX.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Cent, Micro and Standard accounts can enjoy the maximum leverage of 1:1000, the Premium account has a leverage of 1:800, the Islamic account has a leverage of 1:500, the Pamm and ECN accounts have a leverage of 1:300 and the Elite ECN account has a leverage of 1:200.

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

CentFX offers competitive spreads according to the account type.

Specifically, the Micro account initiates spreads from 1.5 pips, while the Standard account presents reduced spreads starting from 1.2 pips.

The ECN account goes further to offer as low as 0 pips. The Customize account, on the other hand, provides scalable spreads which start from a minimum of 0 pips.

Trading Platform Available

Platforms available for trading at CentFX are MT5 for desktop, mobile and web terminals. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform.

Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Trading Platform Available

Deposit & Withdrawal

The minimum initial deposit requirement at CentFX is reportedly only $10. However, the broker has not explicitly mentioned the acceptable methods for deposit and withdrawal.

Nevertheless, based on the banks and electronic wallets displayed as partners on their official website, we can deduce that the deposit and withdrawal methods are probably associated with them. These partners include entities like Maybank, PermataBank, bKash, and others.

Deposit & Withdrawal

Customer Support

CentFXs customer support can be reached by WhatsApp +18447788372, email: support@centfx.com or live chat.

Their support team, fluent in 16 languages, is constantly ready to assist their clients and communicate effectively to understand and meet their needs.

They offer 24/7 support to ensure that assistance is available anytime their clients might need it, be it day or night. Their capability to communicate in various languages including English, Chinese, Thai, Vietnamese, and Malaysian further personalizes their care to provide a comfortable atmosphere for all their clients.

Customer Support

Conclusion

In conclusion, CentFX is an international brokerage that provides a comprehensive range of trading and investment services. Despite being relatively newly established, it presents solid advantages including a broad variety of trading instruments, flexible account types, generous leverage, tight spreads, use of the popular MT5 trading platform, and the availability of 24/7 customer service in multiple languages.

Furthermore, CentFX's diverse market instruments make it an enticing option for many traders. However, as with any financial decision, potential clients should consider their individual financial situation or seek independent advice before trading.

Risk Warning

Online trading involves a significant level of 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 contained in this article is for general information purposes only.

FAQs

  1. Question: Is CentFX regulated?

    Answer: Yes, CentFX offshore operates without regulation.

  2. Question: What trading instruments does CentFX offer?

    Answer: CentFX provides access to over 400 trading instruments in financial markets, including CFDs on forex, indices, metals, and cryptocurrency.

  3. Question: What are the different account types offered by CentFX?

    Answer: CentFX offers a Micro account, Standard account, ECN account, and a Customize account. They also offer a demo account for beginners.

  4. Question: How can I contact CentFX's customer support?

    Answer: You can reach CentFX's customer support via WhatsApp, email, or live chat. They offer 24/7 support in multiple languages.

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