Cento GX

Note: Cento GX's official website: https://www.centogx.com/ is currently inaccessible normally.

Cento GX is an unregulated forex broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:50 and floating spreads around 0.7 pips via the MT5 and web-based trading platforms via five different live account types.

Pros and Cons

Is Cento GX Legit?

It has been verified that Cento GX currently has no valid regulation.

What Can I Trade on Cento GX?

From the trading software of Cento GX, we learn that users can trade with forex currency pairs, stocks, indexes, commodities, and cryptocurrencies.

Account Type/Leverage

Cento GX claims to offer five types of trading accounts - Basic, Silver, Gold, Platinum, and VIP, with minimum initial deposit requirements of €250, €10,000, €50,000, and €150,000 respectively, while the VIP account is only by invitation. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Leverage of up to 1:50 and a deposit bonus of up to 75% are specified. High leverage creates the opportunity for more substantial profits but accordingly increases the risk of sudden and excessive losses.

Spread

The EUR/USD spread provided by Cento GX is 0.7 pips on average. All spreads with IMS FX are a floating type and scaled with the accounts offered.

Trading Platform

The trading platform on the Cento GX website is the industry's most widely used software, MetaTrader 5 (MT5), but the account registration feature does not work. As a result, we are unable to confirm whether Cento GX provides login credentials to the MT5 server or access to other trading software.

Deposit and Withdrawal

Cento GX appears to accept deposits with crypto methods and a wire transfer. The minimum deposit is €250. The withdrawal area, on the other hand, claims the minimum withdrawal amount to be $100.