Score
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Influence
Add brokers
Comparison
Quantity 1
Exposure
Score
Regulatory Index0.00
Business Index7.15
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Company Name
ForexCent
Company Abbreviation
ForexCent
Platform registered country and region
China
Company website
Company summary
Pyramid scheme complaint
Expose
Note: ForexCent's official website: http://www.forexcent.com is currently inaccessible normally.
| ForexCentReview Summary | |
| Founded | 2006 |
| Registered Country/Region | China |
| Regulation | Unregulated |
| Market Instruments | 30+ currency pairs, CFDs |
| Demo Account | / |
| Leverage | 1:5 |
| Spread | / |
| Trading Platform | MT4 |
| 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 | Cons |
| MT4 supported | Inaccessible website |
| Low minimum deposit | Not regulated |
| Unclear fee structure | |
| No info on payment options | |
| No contact channels |
No, ForexCent is not regulated by any reputable financial body. Please be aware of the risk!
ForexCent offers over 30 currency pairs and CFDs for investment and trading options.
| Tradable Instruments | Supported |
| Currency pairs | ✔ |
| CFDs | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
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.
ForexCent offers the MT4, MetaTrader Mobile and WebTrader trading platforms.
| Trading Platform | Supported | Available Devices | Suitable for |
| WebTrader | ✔ | Web | / |
| MT4 | ✔ | Web, Desktop, Android, iOS | Beginners |
| MT5 | ❌ | Windows, Android, iOS | Experienced traders |
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User comment
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CommentsWrite a review
2023-02-20 10:05
