Centrum broker Accounts

centrum Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: centrum Account Types Overview

centrum Account Types Explained

Centrum offers a variety of account types tailored to meet the needs of different traders. Below is a detailed overview of each account type:

1. Standard Account

• Minimum Deposit Requirement: $10
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:1000
• Key Features: Access to all trading instruments, including forex, commodities, and indices.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex pairs, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Low spreads starting from 0.1 pips with a commission fee of $5 per lot.
• Leverage Options: Up to 1:500
• Key Features: Direct market access, faster execution speeds.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads starting from 0.0 pips with a commission fee of $3 per lot.
• Leverage Options: Up to 1:200
• Key Features: Enhanced trading conditions, priority support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard Account but swap-free.
• Leverage Options: Up to 1:1000
• Key Features: Compliant with Sharia law, no overnight interest.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000)
• Spread/Commission Structure: Same as the Standard Account.
• Leverage Options: Same as the Standard Account.
• Key Features: Practice trading without risk, access to all trading tools.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account

Part 2: centrum Account Features Comparison

Detailed centrum Account Features

When comparing the features of different centrum account types, the following aspects are crucial:

• Minimum Deposit:

• Standard: $10

• ECN: $100

• Pro: $500

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:1000

• ECN: 1:500

• Pro: 1:200

• Islamic: 1:1000

• Spreads (Typical/Minimum):

• Standard: 1.0 pips

• ECN: 0.1 pips

• Pro: 0.0 pips

• Islamic: 1.0 pips

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: $3 per lot

• Islamic: None

• Lot Size:

• Standard: Micro (0.01)

• ECN: Mini (0.1)

• Pro: Standard (1.0)

• Islamic: Micro (0.01)

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: ECN

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic Account only.

• Swap-free Options: Available for Islamic Account.

• Demo Account Features: Unlimited access to trading tools, virtual funds for practice.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• User-friendly for beginners.

• Access to a wide range of instruments.

• ECN Account:

• Tight spreads and low commissions.

• Suitable for high-frequency trading.

• Direct access to market liquidity.

• Pro Account:

• Best conditions for professional traders.

• Low commissions and spreads.

• Priority customer support.

• Islamic Account:

• Compliant with Islamic finance principles.

• No overnight interest fees.

• Access to all trading instruments.

• Demo Account:

• Risk-free environment for practice.

• Access to all trading features.

• Ideal for testing strategies.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN and Pro accounts.

• Limited features for advanced trading.

• ECN Account:

• Higher minimum deposit required.

• Commission fees may add up for frequent traders.

• Pro Account:

• Higher minimum deposit compared to Standard and Islamic accounts.

• More suited for experienced traders.

• Islamic Account:

• Limited to Muslim traders.

• May have fewer promotional offers.

• Demo Account:

• No real money involved, which may not reflect actual trading conditions.

• Limited duration before expiry.

Part 3: centrum Account Opening Requirements

centrum Account Registration Requirements

To open an account with centrum, the following eligibility criteria and documentation are required:

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Available to residents of most countries, but specific restrictions may apply.

• Prohibited Countries: Check with centrum for a list of restricted countries.

• Identity Verification Documents Needed:

• Valid government-issued ID (Passport, National ID).

• Self-attested copy of PAN card (for Indian residents).

• Proof of Residence Requirements:

• Recent utility bill or bank statement showing your name and address.

• Additional Documentation for Professional Accounts:

• Financial statements or proof of income may be required.

• KYC/AML Compliance Procedures:

• Complete Know Your Customer (KYC) verification.

• Anti-Money Laundering (AML) compliance checks.

• Verification Time Frames:

• Account verification typically takes 1-3 business days, depending on the completeness of submitted documents.

Part 4: centrum Account Opening Process

Step-by-Step centrum Account Opening Guide

To register for a centrum account, follow these detailed steps:

1. Visit Website and Click Registration: Go to the centrum website and select the account type you wish to open.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the type of account you want to open (Standard, ECN, etc.).
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the verification process to be completed by centrum.
7. Fund Your Account: Once verified, fund your account using one of the available payment methods.
8. Start Trading: After funding, you can start trading on the platform.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but mobile users may have a more streamlined experience with fewer steps.

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Ensure documents are in the correct format and size.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average time for account approval is 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

• You can request an upgrade or downgrade by contacting customer support or through your account management dashboard.

Part 5: centrum Demo Account Information

centrum Demo Account Guide

• Demo Account Features and Benefits:

• Access to all trading tools without financial risk.

• Ability to practice trading strategies in real market conditions.

• How to Open a Demo Account:

• Visit the centrum website and select the demo account option.

• Fill in the registration form and submit.

• Demo Account Limitations:

• Limited duration (typically 30 days) before it expires.

• Virtual funds may not reflect real market conditions.

• Virtual Balance Amount:

• Typically set at $10,000 for practice.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts involve real money.

• Live accounts may have different trading conditions, including spreads and commissions.

• Duration/Expiry of Demo Accounts:

• Demo accounts usually expire after 30 days unless extended.

Part 6: centrum Islamic Account Details

centrum Islamic Account Details

• Swap-free/Islamic Account Availability:

• Yes, centrum offers Islamic accounts that comply with Sharia law.

• Eligibility Requirements:

• Must be a Muslim trader seeking a swap-free trading option.

• Differences from Standard Accounts:

• Islamic accounts do not incur overnight interest fees.

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process and submit the required documents.

• Restrictions or Special Conditions:

• Islamic accounts may have specific trading conditions; consult with customer support for details.

FAQs – centrum Account Types & Opening

1. What account types does centrum offer？

• Centrum offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $10, ECN: $100, Pro: $500, Islamic: $100, Demo: Virtual funds.

1. How long does centrum account verification take？

• Verification typically takes 1-3 business days.

1. Does centrum offer demo accounts？

• Yes, centrum offers demo accounts for practice trading.

1. Can I have multiple account types with centrum？

• Yes, you can open multiple account types.

1. Does centrum offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available.

1. What documents do I need to open a centrum account？

• Valid ID, PAN card, and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type.