TradeCentrum Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-02-07 18:30

Abstract：TradeCentrum is one of the several brands of Goldenburg Group Limited, which also operates eTrader, FX Global, TopForex and binary options brand Topbinary. The company is a fully licensed and regulated firm by the Cyprus Securities and Exchange Commission (CySEC).

　　General Information

　　TradeCentrum is one of the several brands of Goldenburg Group Limited, which also operates eTrader, FX Global, TopForex and binary options brand Topbinary. The company is a fully licensed and regulated firm by the Cyprus Securities and Exchange Commission (CySEC).

　　Market Instruments

　　TradeCentrum provides numerous major instruments of financial markets including Forex, commodities, shares, indices, and shares CFD.

　　Leverage

　　The maximum leverage level offered by TradeCentrum is 1:200. Such ratio is common for the FX market, although the Cypriot Financial Watchdog advises brokers to provide 1:50 as a default leverage level. Indeed, excessive leverage can cause more problems to retail investors than to do them good.

　　Spreads

　　Although it claims to offer floating spreads, TradeCentrum in fact provides fixed ones. We discovered that the spread on EUR/USD is fixed at 3.0 pips, which is almost twice more than the offerings of most brokerages.

　　Trading Platforms

　　TradeCentrum supports the standard forex market trading platform MetaTrader4 (MT4), as well as xStation, developed by XOpen Hub. Both of them come as desktop, mobile and tablet versions.

　　Payment Methods

　　TradeCentrum supports the following payment methods: credit/debit cards, bank wire transfer, and popular e-wallets Skrill and DotPay. And the minimum initial investment with bank wire is $250.

　　Trading Hours

　　Clients can use TradeCentrum's portal at any time, but the trading hours depend on the specific market. Generally speaking, Forex is a 24/5 global trading market.

　　Supported Language

　　TradeCentrum supports a wide range of languages, including English, Slovenian, Hungarian, Spanish, and Czech. According to the official website, TradeCentrums website available in English and Czech.

　　Contact Information

　　Users can contact TradeCentrum via support@tradecentrum.com, as well as the hotline: +35 7250 56478. Office address: GOLDENBURG GROUP LTD, 1 Siafi Street Porto Bello BLD, 3042, Limassol, Cyprus.