CentFX, Something You Need to Know

WikiFX | 2024-09-06 15:50

Abstract：CentFX is an online forex broker offering various market instruments. WikiFX conducts a comprehensive review of this broker so that you can make a good decision.

CentFX is an online forex broker offering various market instruments. WikiFX conducts a comprehensive review of this broker so that you can make a good decision.

About CentFX

CentFX, a forex broker is registered in the ANGUILLA Registry of (ARCA). License No. A000000971 Address: -Anguilla, No. 8 Cassius Webster Building, Grace Complex, The Valley, 1330. It has been active in the trading arena for 2-5 years. With offshore regulation in Mauritius and authorization from the Financial Services Commission (FSC) under license number GB23201644, CentFX offers various trading opportunities with a decent WikiFX score of 5.80/10. Heres what you need to know about this broker.

Account Types

The Micro account: requires a minimum deposit of $10 and offers spreads from 1.5 pips. The trade size starts from 1.0 lots with a maximum leverage of 1:800.

The Standard account: necessitates a minimum deposit of $500 with spreads starting from 1.2 pips. Here, the minimum trade size is 0.01 lots and provides a maximum leverage of 1:1000.

The ECN account: asks for a minimum deposit of $5000 and presents spreads from 0 pips. The minimum trade size is also 0.01 lots, but the maximum leverage is slightly smaller at 1:200.

Finally, the Customize account requires a high minimum deposit of $10,000, offering customizable spreads from 0 pips. The minimum trade size is 0.10 lots, and it grants leverage up to 1:1000.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Cent, Micro, and Standard accounts can enjoy the maximum leverage of 1:1000, the Premium account has a leverage of 1:800, the Islamic account has a leverage of 1:500, the Pamm and ECN accounts have a leverage of 1:300 and the Elite ECN account has a leverage of 1:200.

Spreads & Commissions

CentFX offers competitive spreads based on the account type.

Specifically, the Micro account initiates spreads from 1.5 pips, while the Standard account presents reduced spreads starting from 1.2 pips.

The ECN account goes further to offer as low as 0 pips. The Customize account, on the other hand, provides scalable spreads that start from a minimum of 0 pips.

Trading Platform

Platforms available for trading at CentFX are MT5 for desktop, mobile, and web terminals. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform.

Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

The minimum initial deposit requirement at CentFX is reportedly only $10. However, the broker has not explicitly mentioned the acceptable methods for deposit and withdrawal.

Nevertheless, based on the banks and electronic wallets displayed as partners on their official websites, we can deduce that the deposit and withdrawal methods are probably associated with them. These partners include entities like Maybank, PermataBank, bKash, and others.

Customer Support

CentFXs customer support can be reached by WhatsApp +18447788372, email: support@centfx.com, or live chat.

Their support team, fluent in 16 languages, is constantly ready to assist their clients and communicate effectively to understand and meet their needs.

They offer 24/7 support to ensure that assistance is available anytime their clients might need it, be it day or night. Their capability to communicate in various languages including English, Chinese, Thai, Vietnamese, and Malaysian further personalizes their care to provide a comfortable atmosphere for all their clients.

News Updated

CentFx will be a prominent part of Forex Expo Dubai 2024 and iFX EXPO Dubai 2025.

If you want more information about the reliability of certain brokers, you can visit WikiFX website. Or you can download the WikiFX APP to find the most trusted broker for yourself.

Broker Forex Broker Forex trading

Related broker

Domestic Regulation

CentFX

Company name：CentFX Limited

Score

6.70

Website：https://centfx.com/

2-5 years | Regulated in Mauritius | Regulated in United States | Securities Trading License (EP)

Score

6.70

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