Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
FXCentrum Pros & Cons
- Minimum deposit is only $10;
- The broker with leverage up to 1:1000;
- Technical support works 24/7.
- Copy trading is the only passive income option because a referral program is not yet available;
- Free withdrawal of funds is possible only once a month, the second withdrawal will cost $10;
- The broker does not provide its services in Cuba, North Korea, Iraq, and some other countries.
TU Expert Verdict
FXCentrum carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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FXCentrum User Reviews
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria6 /10The trading and non-trading commissions of FXCentrum have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- No inactivity fee
- No deposit fee
- No withdrawal fee
- No ECN/Raw Spread account
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Is FXCentrum Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria4.2 /10FXCentrum has a safety score of 4.2/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 9 years
- Not tier-1 regulated
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4 /10FXCentrum offers the following account options: Demo, Standard.
However, FXCentrum does not provide an ECN account with direct market access, which may be a drawback for experienced traders or scalpers seeking the lowest spreads.
- Low minimum deposit
- Standard account with balanced trading conditions
- Demo account
- No ECN/Raw spread account
- No Swap Free account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology3.5 /10FXCentrum received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria5.8 /10FXCentrum offers a limited selection of trading assets compared to the market average. The platform supports 197 assets in total, including 40 Forex pairs.
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Trading Account Opening
We successfully registered an account with FXCentrum in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at FXCentrum is $10.Score:We evaluated Trading Account Opening at FXCentrum by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Customer Support
Score:We evaluated Customer Support at FXCentrum by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5 /10
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FAQs
How are FXCentrum’s commissions, spreads, and non-trading fees described in this review?
The review rates FXCentrum’s overall fee level as medium, with low forex trading fees and no deposit, withdrawal, or inactivity fees. Standard account spreads are built into floating spreads, with typical EUR/USD spreads ranging from 0.2 to 0.4 pips and GBP/USD from 0.4 to 0.6 pips, while RAW/ECN accounts are not available.
What account types and trading conditions does FXCentrum offer?
FXCentrum provides Demo and live accounts, including Zero, Standard, and VIP FXC, but does not offer ECN/Raw spread, Cent, Micro, Swap Free, VIP, or Managed accounts as separate categories in the comparison table. Minimum deposits start from $10 for Zero and Standard and $1,000 for VIP FXC, with spreads from 1 pip on Zero, from 0.3 pips on Standard, and from 0.2 pips on VIP FXC, plus varying numbers of available instruments and deposit bonuses.
What do user reviews and feedback say about FXCentrum’s overall service quality?
The user satisfaction score for FXCentrum is 2/10, with all recorded reviews being 1-star and no higher-rated feedback reported. Based on available user reviews, overall client sentiment in this dataset is mostly negative, although only 4 written reviews are mentioned despite 47 users having chosen this broker.
Which markets and tradable assets are available at FXCentrum, according to recent reviews?
The review states that FXCentrum offers 197 total tradable assets, including 40 currency pairs, along with access to stocks, commodity futures, cryptocurrencies, and stock indices, but not options. It also notes that bonds and ETFs are not available, while a copy trading option is supported instead of PAMM or managed accounts.
What do reviews say about FXCentrum’s customer support and available contact channels?
The review describes FXCentrum’s customer support as available 24/7 via multiple channels, including call center, email for individuals and legal entities, and social media, but notes that there is no live chat. Response times are characterized as moderate, with service quality varying depending on the complexity of the request.
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