CentralFx Markets Forex Broker

CentralFx MarketsReview SummaryFounded2-5 yearsRegistered Country/RegionUnited KingdomRegulationNot regulatedMarket InstrumentsForex, CFDs, Stock Indices, Commodities, CryptocurrenciesDemo AccountNot MentionedLeverageUp to 1:1000SpreadStarting from 1.5 pipsTrading PlatformWeb-based platformMin Deposit$250Customer SupportSupport@CentralFxMarkets.comCentralFx Markets Information CentralFx Markets is a global brokerage firm based in the United Kingdom. It offers traders Forex and CFDs as market instruments with three different account types, allowing for high leverage up to 1:1000 and flexible spreads. However, CentralFx Markets is currently not regulated by any recognized financial authorities.Pros and ConsProsConsHigh leverage up to 1:1000Lack of regulationOffers three different account types with flexible spreadsHigh minimum depositLimited information on withdrawalLimited customer supportIs CentralFx Markets Legit? CentralFx Markets is not regulated by any major financial authorities, meaning there is no guarantee that it is a safe platform to trade with.What Can I Trade on CentralFx Markets? CentralFx Markets offers many market instruments, primarily focusing on forex and CFDs (Contracts for Difference). Also, CentralFx Markets offers CFDs on various assets, including stock indices, commodities, cryptocurrencies, and more.Tradable InstrumentsSupportedForex✔Commodities✔Stock✔Indices✔Cryptocurrency✔Shares❌Metals❌Account Type CentralFx Markets provides three account types, namely Bronze, Silver, and Gold, each requiring a minimum deposit of USD 250, USD 1000, and USD 5000, respectively. You can compare the three accounts on the following sheet.Account TypeMinimum DepositPlatformsSpreads (pips)LeverageFeaturesBronze$250-3.31:300Live Chart SupportSilver$1,000All Available2.21:700Live Chart SupportGold$5,000All Available1.51:1000Live Chart SupportCentralFx Markets Fees CentralFx Markets offers high leverage up to 1:1000 for Gold-account users, and also flexible spread choices from 1.5, 2.2 to 3.3.Account TypeSpreads (pips)LeverageBronze3.31:300Silver2.21:700Gold1.51:1000Trading PlatformTrading PlatformSupportedAvailable DevicesSuitable forWeb-based platform✔PCInvestors of all experience levelsMT4/MT5❌PC and MobileInvestors of all experience levelsDeposit and Withdrawal While CentralFx Markets has a minimum deposit for each account, the fees and processing time are not specified. Information on withdrawal is not provided. Deposit OptionsDeposit OptionsMin. DepositFeesProcessing TimeBronze$250N/AVariesSilver$1,000N/AVariesGold$5,000N/AVaries