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FXCentrum Review
FXCentrum is a Seychelles licensed broker with high leverage and big deposit bonuses, but the UK and Spain have both warned the public against it.
Min Deposit
$10
Spreads From
0.3 pips
Max Leverage
1:1000
Platforms
FXC Trader
Pros
- Holds a Securities Dealer license from the Seychelles FSA, number SD055
- Standard account needs just $10 to open and start trading
- FXC Trader platform includes built in copy trading tools
- A funded prop trading challenge is available for skilled traders
- Cashback of $2 per lot is credited on the Standard account
Cons
- The FCA in the UK warns the public that it is not authorised there
- Spain's CNMV has also issued a public warning about this broker
- Seychelles FSA offers only light, offshore level oversight
- Independent trackers report complaints about slow withdrawals
- Big deposit bonuses of up to 100 percent can complicate withdrawals
FXCentrum is a forex and CFD broker that has traded since 2019. The brand belongs to WTG Ltd, a company registered in Seychelles. WTG Ltd holds a Securities Dealer license from the Seychelles FSA, number SD055, a light touch offshore regulator.
New clients can open a Standard account with just $10 and trade with leverage up to 1:1000. FXCentrum also runs a Scalping account for a $10,000 deposit with tighter spreads. Its own FXC Trader platform includes copy trading, and a funded prop trading challenge is on offer too.
Both the FCA in the UK and Spain's CNMV have publicly warned that FXCentrum is not authorised to offer services in their countries. Clients who sign up anyway get no access to a compensation scheme or ombudsman if something goes wrong. Independent trackers also report user complaints about slow withdrawals.
Min. Deposit
USD 10
Max Leverage
1:1000
Spreads From
0.3 pips
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
