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Financial Centre-Overview of Minimum Deposit, Leverage & Spreads

WikiFX | 2021-12-05 21:36

Abstract：Financial Centre present itself as a forex and CFD broker, yet with its founding time, actual registered office, and the company behind it unknown. Financial Centre is not subject to any regulation, it is unsafe to trade with this broker.

General Information & Regulation

Financial Centre present itself as a forex and CFD broker, yet with its founding time, actual registered office, and the company behind it unknown. Financial Centre is not subject to any regulation, it is unsafe to trade with this broker.

Market Instruments

Tradable financial instruments available on the Financial Centre platform include forex pairs, commodities, indexes, stocks.

Minimum Deposit

The minimum deposit amount is $100. Although this requirement sounds encouraging, given the fact that Financial Centre are not subject, traders are not advised register trading accounts here.

Leverage

The maximum trading leverage offered by Financial Centre is up to 1:400, which is considered high. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use high leverage.

Spreads & Commissions

Financial Centre claims that it offers low spreads, but does not specify detailed spreads on particular instruments.

Trading Platform Available

What Financial Centre offers is not the MT4 OR MT5 trading platform, a proprietary trading platform instead.

Deposit & Withdrawal

Financial Centre works with bank wire, credit/debit cards, and undisclosed alternative payment methods. And we consider bank cards like VISA and MasterCard the safest payment method, regardless of the broker – because of the chargeback option.

Leverage Broker Currency Pair Dealer Commission

Related broker

No Regulation

The Financial Centre

Company name：FinancialCentre

Score

1.49

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.49

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