Score

1.53 /10
Danger

ForexCent

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

D

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Comparison

Quantity 1

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.12

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

ForexCent

Company Abbreviation

ForexCent

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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ForexCent · Company summary

Note: ForexCent's official website: http://www.forexcent.com is currently inaccessible normally.

ForexCentReview Summary
Founded2006
Registered Country/RegionChina
RegulationUnregulated
Market Instruments30+ currency pairs, CFDs
Demo Account/
Leverage1:5
Spread/
Trading PlatformMT4
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.

ForexCent

Pros and Cons

ProsCons
MT4 supportedInaccessible website
Low minimum depositNot regulated
Unclear fee structure
No info on payment options
No contact channels

Is ForexCent Legit?

No, ForexCent is not regulated by any reputable financial body. Please be aware of the risk!

No license

What Can I Trade on ForexCent?

ForexCent offers over 30 currency pairs and CFDs for investment and trading options.

Tradable Instruments Supported
Currency pairs
CFDs
Bonds
Options
ETFs

Leverage

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.

Trading Platform

ForexCent offers the MT4, MetaTrader Mobile and WebTrader trading platforms.

Trading PlatformSupported Available Devices Suitable for
WebTraderWeb/
MT4Web, Desktop, Android, iOSBeginners
MT5Windows, Android, iOSExperienced traders

User Reviews

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User comment

1

Comments

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杨欣雨
more than one year
Weirdly, Forexcent’s MT4 trading platform cannot be downloaded successfully. Online chat is not available either. What the hell, so unprofessional scammers…
Weirdly, Forexcent’s MT4 trading platform cannot be downloaded successfully. Online chat is not available either. What the hell, so unprofessional scammers…
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2023-02-20 10:05
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