FXC

FXCentrum (FXC) is a Seychelles-based online forex broker founded on 30 September 2020. The company is registered as WTG LTD with its address at Office 5B, HIS Building, Providence, Mahe, Seychelles. It operates primarily as a proprietary trading firm offering funded accounts to retail traders. The broker markets itself as a straightforward platform with minimal rules and fast payouts, targeting traders looking for a prop firm experience.

FXCentrum holds a Derivatives Trading License (EP) from the Seychelles Financial Services Authority (FSA). The license is categorized as an offshore regulation, which means the broker is not subject to the same strict oversight as firms regulated by top-tier authorities like the FCA or ASIC. Traders should be aware that this level of regulation offers limited investor protection. The broker's administrative office is located in Seychelles, and it has no physical employees on record.

FXCentrum offers at least two account types based on available data: the Scalping Margin Bonus account and the Margin Bonus account. The Scalping account requires a minimum deposit of $10,000 and provides maximum leverage of 1:200, catering to high-volume traders. The Margin Bonus account starts with a $10 deposit and offers leverage up to 1:1000, making it accessible to smaller traders. The company states it offers four account types in total, though only two are detailed in the data. Account features such as spreads and commissions are not publicly disclosed.

The broker claims to offer access to a diversified range of financial markets, including Forex, Commodities, Metals, Indices, Stocks, and ETFs. The specific instruments within each category are not listed in detail. FXCentrum appears to focus on CFDs (Contracts for Difference) and is positioned as a prop firm rather than a traditional broker, meaning traders typically trade on a simulated or funded account rather than real market execution.

FXCentrum's deposit and withdrawal methods are not explicitly listed in the available data. However, user reviews indicate that deposits are processed instantly and withdrawals are claimed to be fast, with a 24-hour payout guarantee. Some negative reviews allege that withdrawals are delayed or rejected, and the broker does not clearly disclose its payment processing partners. Traders should exercise caution and verify the available methods directly with the broker.

FXCentrum is aimed at traders who want a prop firm with simple rules, no consistency requirements, and the ability to trade news and EAs. The low minimum deposit of $10 and high leverage of 1:1000 make it attractive for beginners and small account traders. However, the offshore regulation and mixed user feedback on withdrawals suggest it may not suit risk-averse traders or those requiring strong regulatory protection. The broker's bonus offerings are also a key feature, though some users consider them a trap.