FXC Forex Broker
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Very competitive pricing with no commissions and spreads starting from 0.2 pips. Flexible trading platform options, including the popular MetaTrader 5 and a proprietary platform. A good selection of over 3,000 instruments across forex, stocks, and commodities.
Limited educational resources and tools for advanced traders. Bonuses come with difficult withdrawal requirements, making them less appealing. Clients from the USA and Poland are not accepted, which restricts access for some traders.Basic Information
Seychelles
FXCentrum Forex Broker - Complete Information Guide
1. Overview of the Broker
FXCentrum, officially known as WTG Ltd, was established in 2019 and is headquartered in Seychelles. This broker operates as a private entity and primarily serves retail clients looking to trade in various financial markets. Over the years, FXCentrum has developed a reputation for providing accessible trading opportunities, particularly for novice traders.
The company has achieved several significant milestones since its inception, including the launch of its proprietary trading platform, FXC Trader, and the introduction of a unique demo-real account feature that allows traders to gain real profits from virtual trading. FXCentrum primarily operates in the retail forex sector, offering a wide range of financial instruments for trading.
As a subsidiary of WTG Ltd, FXCentrum has leveraged the expertise of its parent company to develop a robust trading infrastructure. The broker's business model focuses on retail forex trading, providing clients with the tools and resources necessary to engage in the financial markets effectively.
2. Regulatory and Compliance Information
FXCentrum is regulated by the Seychelles Financial Services Authority (FSA) under license number SD 055. This regulatory oversight ensures that the broker adheres to certain operational standards, although it is important to note that the FSA is not considered a top-tier regulator like the FCA in the UK or ASIC in Australia.
The license granted by the FSA covers various aspects of the broker's operations, including the protection of client funds and compliance with anti-money laundering (AML) and know your customer (KYC) regulations. FXCentrum implements a client funds segregation policy, ensuring that traders' deposits are kept separate from the company's operational funds. However, the broker does not participate in any investor compensation schemes, which could pose risks in the event of insolvency.
FXCentrum is committed to maintaining high standards of security and compliance, utilizing measures such as negative balance protection to safeguard its clients' investments.
3. Trading Products and Services
FXCentrum offers a diverse range of trading products, including over 40 currency pairs for forex trading, which encompasses major, minor, and exotic currencies. The broker also provides access to various CFD products, including:
- Indices: Trade on major global stock indices.
- Commodities: Includes precious metals like gold and silver, as well as energy resources such as crude oil.
- Stocks: Offers CFDs on shares of top-rated companies.
- Cryptocurrencies: Limited offerings, but includes popular cryptocurrencies.
The broker frequently updates its product offerings, ensuring that clients have access to the latest market trends and opportunities. FXCentrum's retail trading services are designed to cater to both novice and experienced traders, providing educational resources and tools to enhance their trading experience.
4. Trading Platforms and Technology
FXCentrum provides its clients with access to the FXC Trader, a proprietary trading platform designed for ease of use. This platform is available on both desktop and mobile devices, allowing traders to manage their accounts and execute trades from anywhere. Additionally, FXCentrum supports the MetaTrader 5 (MT5) platform, which is favored by many traders for its advanced analytical tools and trading capabilities.
The FXC Trader platform features include:
- User-friendly interface: Designed to accommodate both beginners and experienced traders.
- Real-time data and analysis: Provides comprehensive market monitoring tools.
- Multi-language support: Available in over 20 languages to cater to a global audience.
The broker also supports automated trading through APIs, enabling traders to implement algorithmic trading strategies effectively.
5. Account Types and Trading Conditions
FXCentrum offers several account types tailored to meet the needs of different traders:
- Standard Account: Minimum deposit of $10, with spreads starting from 0.3 pips and no commissions.
- VIP Account: Requires a minimum deposit of $1,000, offering tighter spreads and additional benefits.
- Islamic Accounts: Available upon request to comply with Sharia law.
The broker provides a unique demo-real account that allows traders to practice with virtual funds and transfer profits to their live accounts after a 30-day trial. FXCentrum offers leverage up to 1:1000, enabling traders to amplify their trading positions significantly.
Traders can execute orders with a minimum trade size of 0.01 lots, and the broker imposes overnight fees on positions held beyond trading hours.
6. Fund Management
FXCentrum supports various deposit methods, including:
- Bank Transfers
- Credit/Debit Cards (Visa, Mastercard)
- E-wallets (Perfect Money, Astropay)
- Cryptocurrencies (Bitcoin, Tether)
The minimum deposit requirement varies by account type, with a starting point of $10 for standard accounts. Deposits are processed quickly, typically within minutes, and the broker does not charge any deposit fees.
Withdrawal options include similar methods, with the first withdrawal each month being free. Subsequent withdrawals incur a fee of $10 for the second withdrawal and 2.5% for any additional withdrawals. Withdrawal processing times can take up to 24 hours, depending on the method chosen.
7. Customer Support and Educational Resources
FXCentrum provides customer support through multiple channels, including:
- Phone support
- Email: support@fxcentrum.com
- Social Media: Active on platforms like Facebook and Twitter.
The support team is available 24/7, ensuring that clients can receive assistance whenever needed. FXCentrum offers multilingual support, catering to clients in various regions.
In terms of educational resources, FXCentrum provides a wealth of materials, including articles, webinars, and tutorials aimed at enhancing traders' knowledge and skills. Market analysis services, including daily updates and economic calendars, are also available to help traders make informed decisions.
8. Regional Coverage and Restrictions
FXCentrum primarily serves clients in regions with a growing interest in forex trading, including Southeast Asia and parts of Africa. However, the broker does not accept clients from specific countries, including the USA, Poland, and several others due to regulatory restrictions.
The broker's operations are focused on regions where it can legally provide its services, ensuring compliance with local laws and regulations. Traders should verify their eligibility based on their country of residence before opening an account with FXCentrum.
In summary, FXCentrum broker offers a competitive trading environment with a range of products and services tailored to both novice and experienced traders. With its regulatory framework and commitment to client support, FXCentrum continues to attract a diverse client base in the global forex market.
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Latest Reviews
FX2321916330
India
I place a trade and to withdraw is an issues 😕
Exposure
2025-09-26
FX2329808150
Thailand
It is able to make a deposit but unable to withdraw money. In case of withdrawing money, you must enter your email address to request a withdrawal form from your account only! But no email reply about FXC Withdrawal Forms. Even agents in Thailand can't help at all
Exposure
2022-01-11
Juciee
Nigeria
FXCentrum has a solid regulatory background and provides traders with a user-friendly platform. They seem to have put a lot of effort into making the trading experience smooth and secure.
Positive
2024-07-17
FX4282695973
Indonesia
Best broker Deposits and withdrawals are very easy Thank you fxcentrum, always success
Positive
2024-06-03
Thị Lan
Vietnam
100% deposit bonus💴💴💴, fast customer service📞, fast withdrawal... Cannot find a perfect broker like FXCentrum👍👍👍
Positive
2024-05-22
FX9059049972
Spain
First, they harass you for months and months on the phone, and when you accept, they promise you a 100% bonus and free trades. They didn't give me the bonus, I made lots of trades and they charged me €10 each, and on November 6, I was left with nothing because of them. I had €9,000 that they now refuse to give me back and they won't even answer my calls. I hope the police and the FBI arrest them all. I can give them all their names. All I know is that I want my money back.
Exposure
2025-11-18