Forex FXCentrum Broker Review

Performance Matrix

Main Score & Risk Matrix

#1179

Score

4.9

Average

FXCentrum is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

License 5.1

Business 4.4

Risk Control 4.7

Software 5.4

Regulatory 4.9

Terminal Snapshot

FXCentrum Trading Conditions

Registered Region Seychelles

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@fxcentrum.com

Contact Number +2482630501

Website www.fxcentrum.com

Balanced Review

Pros & Cons

Pros

Regulated by the Financial Services Authority (FSA) of Seychelles
Diverse range of trading instruments including forex, commodities, and cryptocurrencies
Advanced trading platforms: MT4/MT5, web version, and mobile app
Multilingual customer support available in over 50 languages
Fast deposit and withdrawal processes with multiple payment options

Cons

No tier-1 regulatory oversight, only FSA in Seychelles
Limited selection of trading instruments compared to competitors
Withdrawal fees for multiple transactions after the first free withdrawal
Proprietary trading platform lacks customization options
Limited educational resources for advanced traders

Compliance Desk

Regulatory Licenses

9.2/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	FXCentrum	ZFX	WisunoFX	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Seychelles	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	4.9/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does FXCentrum Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Standard Account	Beginners and intermediate traders	Low minimum deposit, variable spreads	Suitable for small-capital practice
Zero Retention Account	Experienced traders	High leverage, tight spreads	Requires trading volume qualifications
Special Zero Account	Corporate clients	Customized services, high leverage	Requires corporate documentation
Islamic Account	Traders seeking swap-free options	Adheres to Islamic finance principles	Available upon request
Demo Account	All levels of traders	Practice trading without risk	No minimum deposit required

Account Opening Process

To open an account with FXCentrum, prospective traders need to follow a straightforward process. First, they will need to fill out a registration form, providing personal, employment, and financial information. This includes identity verification through valid identification documents and proof of address. Once the account is set up, traders may have the flexibility to upgrade to a professional account later, depending on their trading activity and experience level.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	Variable	$0 (ECN: $3.5/lot)	Tight spreads for majors
CFDs (Stocks, Indices)	Variable	$0 (with spreads included)	Competitive pricing on major indices
Cryptocurrencies (BTC/USD)	Variable	0.1%	Depends on market volatility

Other Fees

FXCentrum may have several other fees to consider. These can include deposit and withdrawal fees depending on the payment method used, inactivity fees for accounts that remain dormant for a specified period, and potential platform usage fees if applicable. Additionally, traders should be aware of overnight interest (swap rates) that may apply to positions held beyond the trading day, as well as any currency conversion fees that could arise from trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

FXCentrum is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

FXCentrum User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

20%

2 star

60%

1 star

12%

John Smith

New York

★ ★ ★ ★ ★

I requested my withdrawal over a month ago and still haven’t received my funds. I was asked to pay an unexpected tax fee to process the withdrawal, which I reluctantly did, but to no avail. Customer support has been unresponsive, and I feel completely scammed.

Emily Johnson

London

★ ★ ★ ★ ★

While the trading platform is user-friendly, my experience with withdrawals has been frustrating. I encountered hidden fees and had to wait longer than expected for my funds. I expected better support from a regulated broker.

Michael Lee

Sydney

★ ★ ★ ★ ★

FXCentrum has a solid trading platform that I find very intuitive. The deposit process was quick, and I appreciate the bonus on my deposits. My only issue was a minor delay in withdrawal, but overall, I’m satisfied with the service.

Sophia Garcia

Toronto

★ ★ ★ ★ ★

I’ve been trading with FXCentrum for a while now, and I have to say, their customer support is fantastic! They are quick to respond and very helpful. The fast execution and competitive spreads make trading a breeze. Highly recommend!

Seychelles Market