CentralFx Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-12 11:08

Abstract：　CentralFx Markets is a global brokerage firm based in the United Kingdom. It offers traders Forex and CFDs as market instruments with three different account types, allowing for high leverage up to 1:1000 and flexible spreads. However, CentralFx Markets is currently not regulated by any recognized financial authorities.

CentralFx MarketsReview Summary
Founded	2-5 years
Registered Country/Region	United Kingdom
Regulation	Not regulated
Market Instruments	Forex, CFDs, Stock Indices, Commodities, Cryptocurrencies
Demo Account	Not Mentioned
Leverage	Up to 1:1000
Spread	Starting from 1.5 pips
Trading Platform	Web-based platform
Min Deposit	$250
Customer Support	Support@CentralFxMarkets.com

CentralFx Markets Information

　　CentralFx Markets is a global brokerage firm based in the United Kingdom. It offers traders Forex and CFDs as market instruments with three different account types, allowing for high leverage up to 1:1000 and flexible spreads. However, CentralFx Markets is currently not regulated by any recognized financial authorities.

Pros and Cons

Pros	Cons
High leverage up to 1:1000	Lack of regulation
Offers three different account types with flexible spreads	High minimum deposit
	Limited information on withdrawal
	Limited customer support

Is CentralFx Markets Legit?

　　CentralFx Markets is not regulated by any major financial authorities, meaning there is no guarantee that it is a safe platform to trade with.

What Can I Trade on CentralFx Markets?

　　CentralFx Markets offers many market instruments, primarily focusing on forex and CFDs (Contracts for Difference). Also, CentralFx Markets offers CFDs on various assets, including stock indices, commodities, cryptocurrencies, and more.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Stock	✔
Indices	✔
Cryptocurrency	✔
Shares	❌
Metals	❌

Account Type

　　CentralFx Markets provides three account types, namely Bronze, Silver, and Gold, each requiring a minimum deposit of USD 250, USD 1000, and USD 5000, respectively. You can compare the three accounts on the following sheet.

Account Type	Minimum Deposit	Platforms	Spreads (pips)	Leverage	Features
Bronze	$250	-	3.3	1:300	Live Chart Support
Silver	$1,000	All Available	2.2	1:700	Live Chart Support
Gold	$5,000	All Available	1.5	1:1000	Live Chart Support

CentralFx Markets Fees

　　CentralFx Markets offers high leverage up to 1:1000 for Gold-account users, and also flexible spread choices from 1.5, 2.2 to 3.3.

Account Type	Spreads (pips)	Leverage
Bronze	3.3	1:300
Silver	2.2	1:700
Gold	1.5	1:1000

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Web-based platform	✔	PC	Investors of all experience levels
MT4/MT5	❌	PC and Mobile	Investors of all experience levels

Deposit and Withdrawal

　　While CentralFx Markets has a minimum deposit for each account, the fees and processing time are not specified. Information on withdrawal is not provided.

　　Deposit Options