FXCentrum Journal

Journal status: live
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FXCentrum Profile
Year
2019
Country
Seychelles
Branches
1
Regulation
FSA Seychelles
Investor protection
Fund protection
no
Publicly traded
no
Restricted countries
Not serving
х Afghanistan, Bosnia and Herzegovina, Crimea, Cuba, Ethiopia, Iran, Iraq, Israel, Laos, North Korea, Sudan, Syria, US, Uganda, Vanuatu, Yemen
Broker type
STP
Dealing book
A-book
Tier
3
Execution speed
...
LPs total
1
LPs quality
Other
LPs names
X Open Hub

FXCentrum Accounts
STP
Minimum Deposit
50 $
Leverage
1000 : 1
Minimum Lot
0.1 lots
EURUSD spread
1 pips
Commission
0 $/lotRT
Volume
100 lots
Margin Call
50 %
Stop Out
30 %
Execution
Market
Spread
floating
Scalping
yes
Update broker

Is FXCentrum safe?

  • Investor protection: no
  • Regulation: FSA Seychelles
  • Publicly traded: no
  • Segregated account: no
  • Guaranteed Stop Loss: yes
  • Negative Balance Protection: yes

Is FXCentrum trusted?

  • Information transparency: high ★★★★★
  • Customer service: ...
  • FXCentrum website: semi-detailed, updated ★★★
  • FXCentrum popularity (by visitor count): least visited

How FXCentrum works

FXC offers clients a negative balance protection which does not charge loss exceeding the margin when the set position cannot be closed and the margin becomes negative in an irregular situation such as concentration of market order.

The Client acknowledges and agrees that FXC uses Market Execution method.

https://www.fxcentrum.com/wp-content/uploads/2020/09/FXC-Terms-and-Conditions-.pdf

“Counterparties" shall mean banks and/or brokers through whom FXC may cover its contracts with Clients or with whom FXC otherwise deals in relation to Clients' transactions;

Trading strategies aimed at exploiting errors in prices and/or concluding trades at off-market prices (commonly known as "sniping") are not accepted by FXC..

If the Client operates several Accounts and opposite positions are opened on different Accounts (or sub-accounts), FXC reserve the right at its sole discretion to close such positions.

https://www.fxcentrum.com/wp-content/uploads/2020/09/FXC-CLIENT-AGREEMENT.pdf

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