CentFX

CentFX Information

CentFX is an brokerage firm that has been providing services for trading and investment in currency and derivatives markets. The tradable instruments include Forex, Indices, Crypto, and Metal. The broker also provides four live accounts with a maximum leverage of 1:1000. The minimum spread is from 0 pips and the minimum deposit is $10. CentFX also offers swap-free accounts and an MT5 platform.

Pros and Cons

Is CentFX Legit?

It is relatively safe for investors to conduct financial activities in regulated entities. The regulatory information of this broker is as follows:

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
	FSC	CENT MARKETS LIMITED	Retail Forex License	GB23201644	Offshore Regulated
	FinCEN	CENTFX Limited	Financial Service	31000280998965	Regulated
	ASIC	CENTFX PTY LTD	Appointed Representative(AR)	001312386	Regulated

What Can I Trade on CentFX?

CentFX offers over 400 market instruments, including Forex, Indices, Crypto, and Metal.

Account Type

CentFX has four account types: Micro, Standard, ECN, and Customized. Traders who want low spreads and leverage can choose an ECN account, while those with a sufficient budget can open a Customized account. Muslims can open Islamic accounts without swaps but a minimum deposit of $500 is required.

CentFX Fees

The spread starts from 0 pips, the commission is from 0, and the swaps are from zero. The lower the spread, the faster the liquidity.

Leverage

The home page of CentFX's official website states that the maximum leverage is 1:500, but the maximum leverage supported by the account type is 1:1000.

Trading Platform

Traders can experience MT5 available on Windows, iPhone, Android, and Mac through the CentFX Android version. Traders with rich experience are more suitable for using MT5. The MT5 platform deals with the Forex, Futures, Stocks, Bonds, and Options markets.

Deposit and Withdrawal

The first deposit amount must be $10 or above. CentFX accepts Bank wire transfers, Electronic payment systems, and cryptocurrency for deposit and withdrawal.