CentFX

CentFX Overview

• Founded: November 29, 2019

• Headquarters / Registration: Anguilla

• Regulation: Licensed and Regulated

• Tradable Markets: Forex, Indices, Cryptocurrencies, Metals

• Demo Account: Available

• Leverage: Up to 1:500 on homepage; up to 1:1000 depending on account type

• Spreads: Starting from 0 pips

• Trading Platforms: MT5 for Windows, iPhone, Android, Mac

• Minimum Deposit: $10

• Customer Support: Email (support@centfx.com), phone (+971 4 331 5944), live chat, and social media (Facebook, Twitter, Pinterest, Tumblr)

Company Profile

CentFX is a global broker providing services in forex and derivatives trading. Its product range covers currencies, indices, digital assets, and precious metals. The broker supports MT5 trading and offers four live account types with leverage as high as 1:1000. The minimum spread is from 0 pips, while the minimum funding requirement starts from $10. In addition, CentFX provides Islamic (swap-free) accounts.

Pros & Cons

Pros

• Leverage up to 1:1000

• Regulated under multiple authorities

• MT5 platform available

• Swap-free account option

• 24/5 customer service (with extended 24/7 availability)

• Multiple tradable markets

• Tight spreads from 0 pips

Cons

• Demo account limitations reported

• No bonus details provided

Regulation & Legitimacy

CentFX operates under several jurisdictions:

• FSC (Mauritius) – CENT MARKETS LIMITED, Retail Forex License, License No. GB23201644, Offshore Regulated

• ASIC (Australia) – CENTFX PTY LTD, Appointed Representative (AR), License No. 001312386, Regulated

Market Instruments

CentFX provides access to over 400 products. Supported markets include:

• Forex

• Cryptocurrencies

• Metals

• Indices

Account Types

CentFX offers four account structures:

• Micro Account – Min. Deposit $10, Spreads from 1.5 pips, Leverage up to 1:1000

• Standard Account – Min. Deposit $500, Spreads from 1.2 pips, Leverage up to 1:800

• ECN Account – Min. Deposit $5000, Spreads from 0 pips, Leverage up to 1:200

• Customized Account – Min. Deposit $10,000, Spreads from 0 pips, Leverage up to 1:1000

Islamic accounts (swap-free) are available but require a minimum of $500.

Fees & Spreads

• Spreads: Starting from 0 pips

• Commission: From $0 (depends on account type)

• Swaps: Zero on swap-free accounts

Leverage

The website homepage shows a maximum leverage of 1:500. However, some accounts allow leverage of up to 1:1000.

Trading Platforms

• MT5: Supported on Windows, Mac, iOS, and Android. Recommended for experienced traders as it covers forex, futures, stocks, bonds, and options.

• CentFX App: Android-based platform designed for all trader levels.

Deposits & Withdrawals

• Minimum Deposit: $10

• Payment Methods: Bank wire, e-wallets, and cryptocurrencies

• Processing Time: Deposits are instant (depending on method); withdrawals generally processed within 1–5 business days