CentFX Info
CentFX Is The Trading Name Of CentFX Ltd., An International Brokerage Providing Trading And Investment Services In Currency And Derivatives Markets Since 2022.
It Is Registered With ARCA In Anguilla And Works In The Financial Marekt Retail Industry. The Broker Says It Offers Private Clients Worldwide More Than 400 Tradable Financial Instruments, Flexible Leverage Up To 1:1000, Variable Spreads Starting From 0 Spreads On MT5 Desktop, Mobile And Web Trading Platforms, And Four Different Real Account Types To Choose From.
Is CentFX Legal?
Currently, CentFX Is Offshore Regulated In Mauritius And Is Authorised By The Financial Services Commission (FSC) And Holds A Retail Forex License With License Number GB23201644.
Pros And Cons
On The Positive Side, CentFX Offers More Than 400 Trading Instruments. Moreover, They Offer Flexible Account Options That Suit Different Levels Of Trading Experience. Not To Mention That Generous Leverage Of Up To 1:1000 Allows For The Realisation Of Strong Trading Potential. The Company Also Offers Tight Spreads That Can Greatly Increase Profit Possibilities. The Popular MT5 Trading Platform They Use Is Well Received Within The Industry For Its User-friendly Features. Finally, The Availability Of Providing Live Chat Guarantees A Fast Client Server.
However, Due To CentFX's Relatively Young Age, It Still Needs Time To Further Establish Its Credibility And Reputation In The Highly Competitive Trading Landscape. Moreover, It Is Only Offshore Regulated.
Market Tools
CentFX Offers Over 400 Trading Instruments On Financial Marekt, Covering CFDs On Forex, Indices, Metals And Cryptocurrencies.
With Over 400 Forex Trading Pairs, Their Forex Trading Platform Offers Zero Spread Trading, The Flexibility Of Customizable Strategies, And The Guarantee Of Fast Withdrawals, Providing The Privilege Of A Truly Rewarding Trading Experience.
For Crypto Enthusiasts, CentFX Ltd's Crypto Platform Promises To Offer Over 100 Trading Options With Easy Operation, Low Cost And Quick Access To Funds. The Platform Prides Itself On Its Advanced Risk Management System And Ultra-fast Execution Speed.
Finally, Their Index Trading Platform Ensures Traders' Success Through An Easy Account Opening Process, Diverse Index Selection, Low Cost, Fast Access To Funds And Meticulous Risk Management. At CentFX Ltd, Every Investor Can Find A Trading Solution That Suits Them.
Account Types
Minimum Deposit Requirement For Micro Accounts Is 10 Dollars With Spreads Starting From 1.5 Pips. The Trading Volume Starts From 1.0 Lots And The Maximum Leverage Is 1:800.
The Minimum Deposit Requirement For A Standard Account Is 500 Dollars And The Spread Starts From 1.2 Pips. Here, The Minimum Trading Volume Is 0.01 Lots And The Maximum Leverage Is 1:1000.
The Minimum Deposit Requirement For An ECN Account Is 5000 Dollars And The Spread Starts From 0 Pips. The Minimum Trading Volume Is Also 0.01 Lots, But The Maximum Leverage Is Slightly Smaller At 1:200.
Finally, The Minimum Deposit Requirement For A Custom Account Is $10,000 And The Custom Spread Starts From 0 Pips. The Minimum Trading Volume Is 0.10 Lots And The Leverage Is Up To 1:1000.
In Addition To These Four Types Of Accounts, They Also Offer A Demo Account That Beginners Can Start Using For Free. Less Skilled Traders Can Start Practicing With A Demo Account, Thus Reducing The Risk Of Trading Losses.
Leverage
Traders Holding Different Account Types Can Enjoy Different Maximum Leverage Ratios. Clients Of Cent, Micro, And Standard Accounts Can Enjoy A Maximum Leverage Of 1:1000, Premium Accounts At 1:800, Islamic Accounts At 1:500, Pamm And ECN Accounts At 1:300, And Elite ECN Accounts At 1:200.
Keep In Mind That The Greater The Leverage, The Greater The Risk Of Losing Your Deposited Capital. The Use Of Leverage May Work To Your Advantage Or Against You.
Spreads And Commissions
CentFX Offers Competitive Spreads Depending On The Type Of Account.
Specifically, Spreads Start From 1.5 Pips For Micro Accounts And 1.2 Pips For Standard Accounts.
ECN Accounts Further Offer Spreads As Low As 0 Pips. On The Other Hand, Custom Accounts Offer Scalable Spreads Starting From A Minimum Of 0 Pips.
Trading Platform
The Trading Platforms Provided By CentFX Are Available In MT5 Desktop, Mobile And Web Versions. Anyway, We Recommend That You Use MT4 Or MT5 As Your Trading Platform. Forex Traders Praise MetaTrader For Its Stability And Reliability As The Most Popular Forex Trading Platform.
Expert Advisors, Algorithmic Trading, Complex Indicators And Strategy Testers Are Some Of The Sophisticated Trading Tools Available On The Platform. By Using The Right Mobile End Points, Including IOS And Android Devices, You Can Trade Anywhere And Anytime Via MT4 And MT5.
Deposits And Withdrawals
The Minimum Initial Deposit Requirement For CentFX Is Reportedly Only 10 Dollars. However, The Broker Does Not Explicitly Mention Acceptable Methods For Deposits And Withdrawals.
However, Based On The Partner Banks And E-wallets Shown On The Official Website, We Can Deduce That The Methods Of Deposits And Withdrawals May Be Related To Them. These Partners Include Entities Such As Maybank, PermataBank, BKash, Etc.
Customer Support
Customer Support At CentFX Can Be Contacted Via WhatsApp + 18447788372, Email: Support@centfx.com Or Online Chat.
Their Support Team Is Fluent In 16 Languages And Is Ready To Help Customers And Communicate Effectively To Understand And Meet Their Needs.
They Provide 24/7 Support To Ensure That Assistance Is Available At Any Time A Customer May Need It, Be It Day Or Night. They Are Able To Communicate In Multiple Languages Such As English, Chinese, Thai, Vietnamese, And Malay, Further Personalizing Care And Providing A Comfortable Atmosphere For All Customers.
