FXCentrum Broker has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
FXCentrum Broker had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Personal attention|Educational resources|Clean UI|Customizable dashboard
Cons: No crypto staking
Do not use FXCentrum Broker for anything serious. I used them since early this year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Automated trading options|Real-time alerts
Cons: Onboarding videos are outdated
I opened an account with FXCentrum Broker for about ten months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Educational resources|Excellent charting|Full transparency|Automated trading options
Cons: Would like more payment methods
The only good thing about FXCentrum Broker is that they remind you why regulation matters. I found them when my bank disappointed me and I searched for alternatives. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Detailed reporting|Clear documentation
Cons: Cannot customize dashboard fully|Minimum deposit could be lower
I had a dispute with FXCentrum Broker and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Personal attention|Risk management tools|Social trading features
Cons: Some tools only available on higher tiers|Help articles are sometimes vague
I have been trying to close my account with FXCentrum Broker for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Quick verification|Responsive team|Reliable uptime|Personal attention
Cons: No live chat on mobile
FXCentrum Broker offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Quick verification|Comprehensive tools|Detailed reporting
Cons: Alert system is basic|Cannot customize dashboard fully
After using FXCentrum Broker since I retired last year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Regular platform improvements|Reliable uptime
Cons: Withdrawal takes 1-2 business days
Several red flags with FXCentrum Broker: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Pros: Website looks legitimate on the surface
Cons: Not registered with regulators|Unrealistic promises
FXCentrum Broker has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Transparent fees|Intuitive for beginners
Cons: Limited cryptocurrency options|Charting tools need more indicators