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.
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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.
The FXCentrum (also FXC) broker offers access to currency pairs, indices, stocks, commodities, metals, cryptocurrencies, and CFDs. There are more than 2,200 assets. Three live account types that differ in trading conditions are available. There is a standard demo account and a demo-real account, which provides for transferring income to the main account after the trial period. The minimum deposit is $10, spreads are from 0.2-0.3 pips, and leverage is up to 1:1000. The broker offers its copy trading service on the ZuluTrade platform. In the near future, it plans to launch a referral program. FXCentrum offers training materials and personal managers, there are also free signals, and a range of tools for technical and fundamental analyses, including an economic calendar and newsfeeds with basic analytics. The broker's clients work through its proprietary trading platform FXC Trader, which is available in 24 languages with desktop and mobile versions. New clients can count on a welcome bonus, and the company also constantly holds contests with real cash prizes.
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, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- No inactivity fee
- No deposit fee
- No withdrawal fee
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of FXCentrum with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, FXCentrum’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
FXCentrum Standard spreads FXCentrum OANDA FOREX.com EUR/USD min, pips 0.2 0.1 0.7 EUR/USD max, pips 0.4 0.5 1.2 GPB/USD min, pips 0.4 0.1 0.9 GPB/USD max, pips 0.6 0.5 1.4 Does FXCentrum support RAW/ECN accounts?
As we discovered, FXCentrum does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with FXCentrum. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
FXCentrum Non-Trading Fees FXCentrum OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
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
FXCentrum Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level FSA (Seychelles)
Full Name Financial Services Authority of Seychelles Country of regulation Seychelles Investor Protection Fund No specific fund Regulation Level Tier-3 FXCentrum Security Factors Foundation date 2017 Negative balance protection YesVerification (KYC) Yes -
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 a Standard account, which can be a drawback for traders who prefer classic spread-based pricing models.
- Standard account with balanced trading conditions
- Demo account
- Low minimum deposit
- No ECN/Raw spread account
- No VIP account option
FXCentrum account types vs top competitors FXCentrum Plus500 Trading.com Standard YesYesYesECN/Raw spread NoNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNoFXCentrum accounts trading conditions
The first thing to decide is the account type. Zero is suitable for novice traders who are aimed at active trading with a limited group of instruments. Also, various options for self-education are available here. The Standard is more versatile due to the extended pool of assets and additional options, and the spread is reduced, but the amount of bonuses is also reduced. Due to the high deposit, VIP FXC is more suitable for experienced market participants. Here the minimum trade volume is increased and spreads are even lower. The second point is the expediency of working with a copy trading platform. This option is not suitable for every trader, but in addition to potential profits, it can become a source of a unique experience. Finally, traders should read educational materials and decide on a priority strategy in order to correctly use the tools of technical and fundamental analyses offered by the broker. In the future, you can always contact support, which works 24/7.
Account types:
Account Type Description Zero Minimum deposit is $10, spreads are 1 pips, 10 trading instruments are available, minimum trade volume is 0.01 lot, and 100% deposit bonus; Standard Minimum deposit is $10, spreads are from 0.3 pips, 2,000 trading instruments are available, minimum trade volume is 0.01 lots, and 50% deposit bonus; VIP FXC Minimum deposit is $1,000, spreads are from 0.2 pips, over 2,200 trading instruments are available, minimum trade volume is 0.1 lot, and 100% deposit bonus. Usually, traders open a demo account to get acquainted with a broker and then switch to one of the live accounts. FXCentrum offers to open a demo-real account in order to trade virtual currency and also to earn real funds that can be transferred to the main account after a month, but only as a bonus. Traders select their main account based on their experience and strategic preferences.
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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.
FXCentrum offers limited payment options and accessibility, which may impact its competitiveness.
- Minimum deposit below industry average
- Bank card deposits and withdrawals
- No withdrawal fee
- Low minimum withdrawal requirement
- PayPal not supported
- No bank wire option
- USDT payments not accepted
What are FXCentrum deposit and withdrawal options?
FXCentrum offers a limited selection of deposit and withdrawal methods, including Bank Card. This limitation may restrict flexibility for users, making FXCentrum less competitive for those seeking diverse payment options.
FXCentrum Deposit and Withdrawal Methods vs Competitors FXCentrum Plus500 Trading.com Bank Wire NoYesYesBank card YesYesYesPayPal NoYesNoWise NoNoNoBTC NoNoNoWhat are FXCentrum base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. FXCentrum supports the following base account currencies: USD.
What are FXCentrum's minimum deposit and withdrawal amounts?
The minimum deposit on FXCentrum is $10, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FXCentrum’s support team.
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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.
- Crypto trading
- Indices trading
- 40 supported currency pairs
- Limited asset selection
- No ETFs
Supported markets vs top competitors
We have compared the range of assets and markets supported by FXCentrum with its competitors, making it easier for you to find the perfect fit.
FXCentrum Plus500 Trading.com Currency pairs 40 60 69 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 197 2800 69 Stocks YesYesNoCommodity futures YesYesNoCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesNoStock indices YesYesNoOptions NoYesNoInvestment options
We also explored the trading assets and products FXCentrum offers for beginner traders and investors who prefer not to engage in active trading.
FXCentrum Plus500 Trading.com Bonds NoNoNoETFs NoYesNoCopy trading YesNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
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 /10We 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. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fully online account opening process
- Quick KYC verification (1 business day or less)
- Low minimum deposit requirement
- Account setup process may feel less convenient for beginners
FXCentrum account opening FXCentrum Plus500 Trading.com Online Registration YesYesYesMinimum deposit $10 $100 $50 Mandatory KYC YesYesYesRegistration time (min) 7 20 KYC time (days) 1 3 2 Is FXCentrum available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To start working with the broker, register on its website, create a user account, open a trading account, and make a deposit. TU experts have compiled a step-by-step guide on registration and the features of the user account.
Go to the broker's website and click the “Start Trading” button in the upper right corner. You can also click the “Create Account” button.
Indicate your first and last names, email, phone number, and country of residence. Make a password and enter it twice. Then agree to the terms of cooperation by ticking the box, and click the “Create Account” button.
An email will be sent to the specified address with a link to confirm registration. Click it. To enter your user account, use your login and password.
Enter your date of birth and registration address. Then upload your identity documents, following the instructions. Next, select the account type, leverage, and bonus amount. Create a password to your trading account and enter it twice. Click the “Create Real Account” button.
Choose the appropriate deposit option. Make a deposit following the instructions on the screen. After that, you will get full access to your user account and will be able to download the platform and start trading.
Features of the user account:
- Accounts. Here, there is a list of all your active trading accounts, account details, and main function details;
- Deposits. This section is for depositing funds to the active account balance;
- Withdrawals. This option allows submitting withdrawal requests;
- Profile. Trader's personal information, which can be edited, is kept here;
- WebTrader. The button allows you to go to the web version of the broker's trading platform;
- Refer a friend. This block is for a referral program. You can generate a code, but the bonuses are not active yet;
- Promotions. This is a list of all current bonuses that the broker's clients can receive;
- Contacts. This block provides for creating a ticket for contacting the broker's support team.
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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 /10Customer support at FXCentrum is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. FXCentrum provides basic support functionality but does not stand out in overall service performance.
InformationTechnical (client) support is needed by all brokers to help their clients. All traders sooner or later face questions to which they cannot find answers on their own. They also need regular consultations and advice. If support is not prompt or not competent, traders may become disappointed with a broker and leave for a competitor. FXC offers professional client support available 24/7. Many communication channels, such as phone, email, and tickets on the website are available.
- Non-clients of the broker can contact technical support
- All communication channels are available 24/7
- There is no live chat, which is preferred by most traders
If you need help or advice, contact FXCentrum client support via:
- call center;
- email for individuals;
- email for legal entities.
The company has profiles on Facebook, Twitter, YouTube, Instagram, Telegram, and TikTok. There you can also contact managers. Subscribe to the broker to stay up-to-date with its latest news.
Contacts Foundation date 2017 Registration address Office 5B, HIS building, Providence Mahé, Seychelles House of Francis, Room 302, Ile Du Port, Mahé, Seychelles Regulation FSA Official site https://fxcentrum.com Contacts support@FXCentrum.com partner@FXCentrum.com (+44) 7418354103
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FAQs
How is FXCentrum regulated and what does its safety score indicate?
FXCentrum is regulated by the Financial Services Authority of Seychelles (FSA), which is classified as a Tier-3 regulator and does not provide a specific investor protection fund. The broker has a safety score of 4.2/10, described as a Low security level, although it does offer negative balance protection, requires KYC verification, and has been operating since 2017.
What do reviews say about FXCentrum’s commissions, spreads, and non-trading fees?
The review rates FXCentrum’s overall fee level as Medium, with a fees score of 6/10. It highlights low Forex trading fees, no deposit, withdrawal, or inactivity fees, but notes that the broker does not offer ECN/Raw Spread accounts and that its Standard account uses floating spreads that can widen during high volatility.
What do user reviews and feedback reveal about FXCentrum’s reputation?
FXCentrum has a user satisfaction score of 2/10 based on 4 reviews, with 100% of ratings being 1-star. According to user reviews, the overall tone of feedback is mostly negative.
How do FXCentrum’s deposit and withdrawal options and limits compare within this review?
The review describes FXCentrum’s deposit and withdrawal processes as having a Low score of 3.5/10, citing limited payment options and accessibility, with Bank Card listed as the only supported method. It notes advantages such as no deposit or withdrawal fees, a minimum deposit of $10, and a minimum withdrawal of $10, while also stating that PayPal and BTC payments are not supported and USD is the only base account currency mentioned.
What markets and tradable assets are covered in reviews of FXCentrum?
Reviews state that FXCentrum offers 197 total tradable assets, including 40 currency pairs, along with stocks, commodity futures, cryptocurrencies, and stock indices, but no options, bonds, or ETFs. The broker is described as having a limited overall asset selection, though it does provide a copy trading platform and does not offer PAMM or managed accounts.
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