TX Center

TX Center Information

TX Center is a newly established trading platform that launched in 2024 in the United States. Regulated by FinCen, it offers over 500 tradable assets including forex, metals, stocks, indices, and other CFDs. The platform stands out with its low barrier to entry, allowing trading in cents and providing a maximum leverage of 100:1. TX Center boasts tight spreads and operates through its proprietary mobile app. Catering to various trader preferences, it offers swap-free accounts for cent account holders and provides demo accounts for practice. This combination of features positions TX Center as a flexible and accessible option for both novice and experienced traders in the competitive online trading landscape.

Pros and Cons

On the positive side, TX Center provides access to popular tradable assets and flexible leverage options up to 100:1, appealing to a wide range of trading styles. As a regulated broker in the United States, it offers a level of security and compliance. The platform also caters to diverse needs with swap-free accounts and demo accounts for practice. However, TX Center has notable limitations. It lacks support for the widely-used MetaTrader platform, which may disappoint experienced traders accustomed to this industry standard. Instead, it relies solely on its in-house TX Center app. Another significant drawback is the absence of an online chat channel, potentially limiting immediate customer support options.

Is TX Center legit？

TX Center operates under the regulatory oversight of the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. With license number 31000274115699, TX Center demonstrates its commitment to legal compliance within the United States financial system. This regulation is significant as it requires the broker to adhere to strict anti-money laundering (AML) and counter-terrorist financing (CTF) protocols. While FinCEN oversight provides a layer of legitimacy, it's important to note that it primarily focuses on financial crime prevention rather than comprehensive trading regulations. Nonetheless, this regulatory status offers traders a degree of assurance regarding TX Center's legal standing and operational transparency in the U.S. market.

Market Instruments

TX Center provides traders with 500 tradable assets across various categories. The broker's offering includes forex pairs, allowing traders to engage in the global currency markets. Additionally, it provides access to metals trading, catering to those interested in commodities like gold and silver. For equity enthusiasts, TX Center offers stocks and indices, enabling participation in both individual company performances and broader market movements. The broker rounds out its selection with a range of other Contract for Difference (CFD) products. This comprehensive suite of instruments allows traders to diversify their strategies and capitalize on opportunities across different market sectors, all from a single platform.

Account Types

TX Center offers a tiered account structure, namely Cent, Pro and Premium. The Cent account caters to beginners or those preferring lower-risk trading, allowing transactions in cent denominations with no fees and a swap-free option. For more experienced traders, the Professional account provides tight spreads and high leverage up to 100:1, also without fees. The Premium account combines the benefits of no fees with maximum leverage, appealing to high-volume traders seeking optimal trading conditions. Notably, TX Center supports demo accounts across all tiers, enabling potential clients to familiarize themselves with the platform and test strategies risk-free.

Leverage

TX Center provides leverage of up to 100:1, offering traders significant market exposure with minimal capital. This high leverage ratio can amplify both potential profits and losses, appealing to experienced traders seeking to maximize their positions. While it provides flexibility in trading strategies, it also demands careful risk management. TX Center's leverage option caters to more aggressive trading styles, reflecting the platform's aim to serve a diverse range of trader preferences and risk appetites.

Spreads

TX Center claims to offer competitive spreads across major forex pairs, with some pairs even featuring zero spread under certain conditions. The spread table shows tight spreads on popular currency pairs like EUR/USD, GBP/USD, and AUD/USD, which can be as low as 0.0 pips. Other pairs like USD/JPY and GBP/JPY show slightly wider spreads of 0.4 and 0.1 pips respectively. This pricing structure could be particularly attractive to high-volume traders and scalpers who benefit from minimal transaction costs. However, it's important to note that the zero spread accounts are described as “Delayed” and that fees apply, suggesting there may be trade-offs or additional costs to consider. This spread offering may appeal to experienced forex traders who understand the implications of delayed execution and can navigate the associated risks.

Trading Platform

TX Center provides a mobile trading app callled TX Center app designed to cater to the needs of modern traders, available on both iOS and Android. The proprietary platform, which won an award from Capital Finance, offers access to numerous tradable assets through a single wallet system supporting multiple accounts. The app includes customizable trading features and allows users to download their transaction history.

Customer Support

TX Center's customer support infrastructure appears limited, with its primary contact method being email at support@triveproltd.com. While the company maintains an office in a prestigious New York City location at One World Trade Center, this physical presence may not translate to enhanced accessibility for most clients. The absence of mentioned phone support or live chat options suggests potential delays in addressing urgent trading concerns or technical issues.

Office Address: One World Trade Center 285 Fulton St 77th Floor, New York, NY 10007 United States

Email: support@triveproltd.com

Conclusion

To provide a summary, TX Center presents a mixed offering in the online trading landscape. Its strengths lie in providing a diverse range of tradable assets, flexible leverage options, and a proprietary mobile app. The platform may appeal to traders who prioritize mobile trading and are comfortable with a newer, less established broker. It could be suitable for those interested in cent accounts or seeking high leverage options. However, the lack of support for popular platforms like MetaTrader and limited customer service channels may deter experienced traders or those requiring extensive support. TX Center might be best suited for tech-savvy traders who are comfortable with mobile-first platforms and can navigate potential support limitations. Beginners attracted by the cent account option should carefully consider the risks associated with high leverage.

FAQs

Is TX Center regulated？

Yes, TX Center is regulated by the Financial Crimes Enforcement Network (FinCEN) in the United States under license no. 31000274115699.

What trading platforms does TX Center offer？

TX Center provides its own proprietary mobile app. It does not support popular platforms like MetaTrader.

What types of accounts does TX Center offer？

TX Center offers three main account types: Cent (with trading in cents and swap-free option), Professional (with tight spreads and high leverage), and Premium (with high leverage and no fees). Demo accounts are also available.

What is the maximum leverage offered by TX Center？

TX Center offers leverage up to 100:1 on certain account types.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.