FXCENTRAL

About company:

FX Central is a broker offering Forex Trading services on the MetaTrader 4 platform.

 

About company. Fund security

Who owns the brand and where the company is registered, there is no information. The broker did not publish this information on its website, as well as there are no documents on cooperation. On third-party resources, the data regarding the country where the company is registered varies, but on most sites New Zealand is found. Regarding the regulation, the broker also decided to remain silent, but we tend to think that he does not have a license.

 

FX Central has offices in New York and Dubai. Although it officially states that it does not accept US traders.

 

At first glance, the company looks more like a scam, so we advise you not to invest large sums in this company.

 

Trading conditions

Available assets: only currency pairs, while the company emphasizes that it supports various trading strategies, including scalping and hedging. Scalping is suitable for short-term traders who trade large volumes on a daily basis. Hedging can attract long term investors.

 

FX Central claims to operate on the ECN model. Its partners are banks such as Citi, Barclays Capital, JP Morgan, Deutsche Bank. The technology used should ensure market transparency, best prices and instant order execution due to direct entry of transactions to the interbank market.

 

The broker provides the trader with the opportunity to choose the amount with which he will start working. So, you can open an account with just $ 1.

 

Swap-free accounts are available for clients who practice Islam. There is also a demo account and a MAM account from which you can manage multiple accounts. We were unable to open a standard account for trading. Perhaps these are just temporary technical problems, but many traders complain that they have not been able to enter their office for a long time.

 

Spreads

On average, spreads are 2 pips per EUR / USD pair. This is not the highest offer, however there are brokers that offer much less and are licensed by the regulatory authorities.

 

Leverage

The leverage depends on the amount in the account. When the capital is less than $ 10,000, the maximum leverage is 1: 100. With a deposit of $ 10,000 - $ 50,000, the maximum leverage is 1: 200. For investments over $ 50,000, the leverage is 1: 100.

 

Trading platforms

Supports the popular MetaTrader4 terminal, although we were unable to go to the page where it can be downloaded. The platform contains useful functions for analysis that allow you to track the dynamics of prices for currency pairs, use experts (advisors) for automatic trading.

 

affiliate program

Also, a client can become a partner and receive monthly income from attracting new customers. The broker does not disclose the details of cooperation, offering to contact him by the specified phone numbers.

 

Support service

You can order a call back, call the indicated numbers to the offices in the USA or the UAE, and also send an e-mail. The trader does not advise clients via skype or online chat, which is quite popular today.

 

Ways of payment

Credit / debit cards and bank transfers are available from the payment methods available. Withdrawal requests are processed within 3 days. The money is credited to the account within 7 days.

 

Pros:

 

low minimum deposit; MT4; supports scalping and hedging.

 

Minuses:

 

not regulated; it looks like this broker is a scam.