ForexCent Forex Broker

Note: ForexCent's official website: http://www.forexcent.com is currently inaccessible normally. ForexCentReview Summary Founded2006 Registered Country/RegionChina RegulationUnregulated Market Instruments30+ currency pairs, CFDs Demo Account/ Leverage1:5 Spread/ Trading PlatformMT4 Min Deposit$5 Customer Support/ Founded in 2006, ForexCent is an unregulated forex broker based in China, offering trading in over 30 currency pairs and CFDs with leverage up to 1:5 via the MT4 platform. The minimum deposit requirement to open a live account is as low as USD 5.Pros and Cons ProsCons MT4 supportedInaccessible website Low minimum depositNot regulated Unclear fee structure No info on payment options No contact channelsIs ForexCent Legit? No, ForexCent is not regulated by any reputable financial body. Please be aware of the risk!What Can I Trade on ForexCent? ForexCent offers over 30 currency pairs and CFDs for investment and trading options. Tradable Instruments Supported Currency pairs✔ CFDs✔ Bonds❌ Options❌ ETFs❌Leverage ForexCent offers a leverage of only 1:5. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.Trading Platform ForexCent offers the MT4, MetaTrader Mobile and WebTrader trading platforms. Trading PlatformSupported Available Devices Suitable for WebTrader✔Web/ MT4✔Web, Desktop, Android, iOSBeginners MT5❌Windows, Android, iOSExperienced traders