Global Forex Broker Regulatory Inquiry APP


1.58 /10


Saint Vincent and the Grenadines

1-2 years

Suspicious Regulatory License

MT4/5 full license

Regional Brokers

High potential risk

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License Index 0.00
Business Index 5.09
Risk Management Index 0.00
Software Index 6.13
Regulatory Index 0.00
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No valid regulatory information, please be aware of the risk!

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

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Contact number


+1784 +18447788372

Broker Information


Company Name

CentFX Ltd

Company Abbreviation


Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint


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Warning: Low score, please stay away!
Previous Detection : 2023-06-06
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
CentFX · Company summary

General Information & Regulation

General Information & Regulation

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 2019. It is registered in Saint Vincent and the Grenadines and works in the financial market retail industry. The broker says it provides private clients all around the world with over 500 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:

General Information & Regulation

As for regulation, it has been verified that CentFX does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.14/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

CentFX advertises that it offers access to more than 500 trading instruments in financial markets, covering CFDs on stocks, indices, metals, commodities, currency pairs and cryptocurrency.

Account Types

Apart from demo accounts, CentFX claims to offer eight types of real trading accounts, namely Cent, Micro, Standard, Premium, Islamic, Pamm, ECN and Elite ECN. The minimum initial deposit is only $50 for the Cent account, $200 for the Micro account, $500 for the Standard, Islamic, ECN and Elite ECN accounts, and $2,000 for the Premium and Pamm accounts.

Account Types


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 claims that different account types can enjoy quite different spreads and commissions. Specifically, the spread on the Cent account starts from 1.8 pips, while 1.5 pips on the Micro and Islamic accounts, 1.2 pips on the Standard accounts, 1 pip on the Premium and Pamm accounts, and 0 pips on the ECN and Elite ECN accounts. As for commissions, there is no commission charged on the Cent, Micro, Standard, Premium and Islamic accounts, while the commission on the Pamm, ECN and Elite ECN accounts is $5, $10 and $6 separately.

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. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. 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 said to be only $50. However, the broker says nothing about the acceptable deposit and withdrawal methods.

Customer Support

CentFXs customer support can be reached by WhatsApp +18447788372, email: or live chat. You can also follow this broker on social networks such as Twitter, Facebook and Instagram. Company address: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.

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.

User Reviews

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小顾小顾 需要照顾
more than one year
A micro account asks for $100? Are they kidding? Do they know that most legit brokers only require a tenth of that for a micro or mini account? This offshore broker does not have any license to operate legally at all. I strongly recommend that you choose xm, exness… if you really want to start trading…
2022-12-05 13:45
more than one year
Be careful with your wallet! The broker's website and platform often have bugs, which can be opened one moment and not the next. It’s a routine operation of scam brokers.
2022-12-05 09:54
Attention everyone, this is an overseas fraud company, friends who have not yet made a deposit, pay attention, the scammers will quickly close the net, everyone must not be cheated
2022-11-27 10:25
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