Centrum

Centrum, registered as ENTRUM CAPITAL LTD, is a forex and CFD broker established on August 27, 2019. It is registered in Mauritius, with a physical address at Suite 602, 6th Floor, Hennessy Tower, Pope Hennessy Street, 11328, Port Louis, Mauritius.

The broker targets retail traders through three distinct account types, aiming to accommodate different trading styles and capital sizes. Its registration date is relatively recent, and the company maintains a presence on social media platforms such as Facebook, Instagram, and LinkedIn.

According to FXCanary's records, Centrum currently holds no regulatory license from any financial authority. This absence of regulation means that traders do not have the protection of a recognized oversight body, which is a significant consideration for risk assessment.

The lack of regulatory status is a critical factor for traders who prioritize transparency and security. Without regulatory oversight, there are no guarantees regarding the broker's adherence to industry standards or the safety of client funds.

Centrum offers three account types: PRO, Standard, and Cent. The PRO account requires a minimum deposit of $1,000, the Standard account $50, and the Cent account $5. Each account tier provides access to the same maximum leverage of 300:1.

The Cent account is designed for very small capital, ideal for beginners or those wanting to trade with minimal risk. The Standard account suits most retail traders, while the PRO account aims at more experienced traders with larger capital.

All account types offer a maximum leverage of up to 300:1. This high leverage can amplify both profits and losses, making it suitable for traders who employ aggressive strategies.

The broker does not disclose additional trading conditions such as spreads, commissions, or available instruments in the known records. Traders should seek this information directly from Centrum before opening an account.

FXCanary's Scam Risk Score for Centrum is 48 out of 100, categorized as 'Guarded'. This score reflects the broker's unregulated status and limited publicly available information.

The guarded risk level indicates that while there are no immediate red flags, the broker presents moderate risk due to the lack of regulatory oversight and transparency. Traders are advised to exercise caution and conduct thorough due diligence.

Centrum appears to target a wide range of retail traders, from complete beginners with the low-minimum Cent account to more seasoned traders via the PRO account. The high maximum leverage may appeal to traders seeking speculative opportunities.

However, the lack of regulation and limited information mean that the broker is not suitable for risk-averse traders or those who require strong regulatory protection. It may be more appropriate for experienced traders who are willing to accept higher risk.