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, 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
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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 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 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
What does FXCentrum’s regulation and safety score indicate about its overall risk level?
FXCentrum has a safety score of 4.2/10, which corresponds to a low security level in this review. It is regulated by the Financial Services Authority of Seychelles (FSA), a Tier-3 regulator, and offers negative balance protection and KYC verification, but it is not Tier-1 regulated and there is no specific investor compensation fund mentioned.
How are FXCentrum’s spreads and other trading fees assessed in this review?
FXCentrum’s overall fees are rated as medium, with a fee score of 6/10, and the broker is noted for low forex trading fees and the absence of deposit, withdrawal, and inactivity fees. For the Standard account, EUR/USD spreads are listed as 0.2–0.4 pips and GBP/USD as 0.4–0.6 pips, and the broker does not offer RAW/ECN accounts according to this section.
What do user reviews and feedback say about FXCentrum’s overall client satisfaction?
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 is mostly negative in this section, and no positive or mixed experiences are reflected in the provided data.
What do reviews say about FXCentrum deposit and withdrawal conditions and available methods?
The review notes that FXCentrum has a low score of 3.5/10 for deposit and withdrawal efficiency, citing limited payment options and accessibility. It supports bank card deposits and withdrawals with a $10 minimum for both deposits and withdrawals, no deposit fee, and only USD as a base currency, while bank wire and several other methods are not available according to this section.
Which markets and tradable assets are available at FXCentrum, according to this review?
FXCentrum offers 197 total tradable assets, including 40 currency pairs, stocks, commodity futures, crypto, and stock indices, but no options, bonds, or ETFs. The review also notes that FXCentrum supports copy trading but does not provide PAMM or managed accounts, and describes the overall asset selection as limited compared to the market average.
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