FXCentrum

General Information

Registered in Seychelles, FXCentrum is an online forex broker offering its clients easy access to diversified range of financial markets, such as Forex, Commodities, Metals, Indices, Stock & ETFs FXCentrum claims that it offers four types of accounts, with the minimum deposit of $10, leverage up to 1：1000.

Regulatory Details

FXCentrum is a registered trademark of WTG Ltd, authorized and regulated by the Seychelles Financial Service Authority (FSA), Regulatory License No. SD055.

Please note that this regulatory alone does not mean that FXCentrum is a safe broker to trade with. Make sure you are well prepared before starting to trade forex.

Market Instruments

FXCentrum offers multiple trading assets, such as Forex, Commodities, Metals, Indices, Stocks & ETFs. In this case, investors have the great flexibility to diverse their investment portfolios.

Account Types

Two types of trading accounts are available with the FXCentrum platform: Standard ZERO and Retention Special ZERO. To open the first account, only $10 is enough, suitable for beginners and inexperienced traders. While traders who want to try the Retention Special ZERO account, need to fund at least $1000 to start. Base Currency: USD, EUR.

In both accounts, hedging is permitted, and Islamic accounts are available.

Spreads & Commissions

Spreads and commissions are set in the end by trading accounts on the FXCentrum platform. The Standard ZERO account charges no commission, the minimum spread starts at 0.3 pips on the EUR/USD pair, 0.5 pips on the GBP/USD pairs, 0.7 pips on Gold, 0.75 pips on S&P. The Retention Special Zero account offers narrower spreads compared to the first account, the minimum spreads starting at 0.2 pips on the EUR/USD pair, 0.4 pips on the GBP/USD pair, 0.6 pips on the Gold and 0.65 pips on the S&P, no additional commission charged either.

Leverage

When it comes to leverage, FXCentrum permits traders to use leverage of up to 1:1000, which is significantly higher than the levels regarded appropriate by many regulators.

Don't assume that high leverage is always beneficial; it can magnify both your wins and your

losses.

Trading Platform

FXCentrum provides the advanced MetaTrader 5 trading platform that can be accessed on any device, web, desktop, mobile app.

MT5 is a multi-asset platform that supports trading forex, crypto, stocks, indices, and commodities, and it features powerful tools for extensive price analysis, fundamentals & technical analysis, copy trading and use of algorithmic trading applications.

Payment Methods

The minimum deposit and withdrawal amount is 10 USD for USD account, 10 EUR for EUR accounts.

No deposit fees are charged, and for withdrawal, no withdrawal fees for every first withdrawal in a month, second withdrawal in a month subject to a fee of 10 USD and from the third withdrawal in one month, there is a fixed fee of 2.5%.

Educational Resources

FXCentrum also offers some free analysis and educational resources, which include Market News, Ideas & Analysis, Basic Terminology, Webinars and Economic Calendar.

Customer Support

Traders can reach out to FXCentrum about any questions or concerns they may have about their accounts or their trading through the following methods:

Telephone: (+44) 752 0642602

Email: support@fxcentrum.com

Or you can keep up with this broker on some social media platforms, such as Facebook, Instagram, Twitter and Linkedin.

Registered Regions

WTG LTD. does not offer its services to the residents of certain jurisdictions such as the USA, Afghanistan, Cuba, Crimea, Israel, Sudan, North Korea, Iraq, Lao Peoples Democratic Republic, Syria, Vanuatu, Yemen, Ethiopia, Iran, Bosna and Herzegovina.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.