CentFX Forex broker specializes in providing foreign exchange trading services, the company's official website https://member.centfx.com/register, the company's legitimate regulatory information MauritiusFSCRetail Forex License,United StatesFinCENFinancial Service,AustraliaASICAppointed Representative(AR), to enhance the security of the company's address The Valley, No. 8 Cassius Webster Building, Grace Complex, The Valley, 1330, Anguilla..
CentFX Forex Broker
Basic information
Anguilla
2-5 years Regulated in Mauritius Regulated in United States Regulated in Australia Retail Forex License Financial Service Appointed Representative(AR) MT5 Full License Regional Brokers Medium potential risk Offshore RegulatedCompany profile
CentFX Information
CentFX is an brokerage firm that has been providing services for trading and investment in currency and derivatives markets. The tradable instruments include Forex, Indices, Crypto, and Metal. The broker also provides four live accounts with a maximum leverage of 1:1000. The minimum spread is from 0 pips and the minimum deposit is $10. CentFX also offers swap-free accounts and an MT5 platform.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:1000 | Demo account unavailable |
| 24/5 customer support (24/7 Availability) | No bonus information |
| Regulated | |
| Spread from 0 pips | |
| Swap-free account available | |
| Various tradable instruments | |
| MT5 available |
Is CentFX Legit?
It is relatively safe for investors to conduct financial activities in regulated entities. The regulatory information of this broker is as follows:
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
| FSC | CENT MARKETS LIMITED | Retail Forex License | GB23201644 | Offshore Regulated | |
| FinCEN | CENTFX Limited | Financial Service | 31000280998965 | Regulated | |
| ASIC | CENTFX PTY LTD | Appointed Representative(AR) | 001312386 | Regulated |
What Can I Trade on CentFX?
CentFX offers over 400 market instruments, including Forex, Indices, Crypto, and Metal.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Crypto | ✔ |
| Metal | ✔ |
| Indices | ✔ |
| Commodities | ❌ |
| Stocks | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
CentFX has four account types: Micro, Standard, ECN, and Customized. Traders who want low spreads and leverage can choose an ECN account, while those with a sufficient budget can open a Customized account. Muslims can open Islamic accounts without swaps but a minimum deposit of $500 is required.
| Account Type | Micro | Standard | ECN | Customize |
| Minimum Deposit | $10 | $500 | $5000 | $10000 |
| Spreads | From 1.5 pips | From 1.2 pips | From 0 pips | From 0 pips |
| Maximum Leverage | 1:1000 | 1:800 | 1:200 | Up to 1:1000 |
CentFX Fees
The spread starts from 0 pips, the commission is from 0, and the swaps are from zero. The lower the spread, the faster the liquidity.
Leverage
The home page of CentFX's official website states that the maximum leverage is 1:500, but the maximum leverage supported by the account type is 1:1000.
Trading Platform
Traders can experience MT5 available on Windows, iPhone, Android, and Mac through the CentFX Android version. Traders with rich experience are more suitable for using MT5. The MT5 platform deals with the Forex, Futures, Stocks, Bonds, and Options markets.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Windows/iPhone/Android/Mac | Experienced traders |
| CentFX | ✔ | Android | All traders |
Deposit and Withdrawal
The first deposit amount must be $10 or above. CentFX accepts Bank wire transfers, Electronic payment systems, and cryptocurrency for deposit and withdrawal.
Rating Index
Customize
ECN
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Latest Reviews
FX4127600256
United Arab Emirates
This is the best trading tool i have ever used . I would not trade without it
Positive
2024-07-09
Dragon68886687
Ukraine
Overall it is a good experience trading with CentFX. The only thing i am not putting 5 star is because it is a time when they upgrading server, and causing stop. The connection without notifying customer. Please next time communicate with customer first before doing anything that causing customer disconnect to mt4 platform.
Neutral
2024-05-29
Hakim Abubakar salafi
Bangladesh
Very High quality forex broker service.
Positive
02-02