CENTROFX BROKER REVIEW
This broker offers one account kind with market execution, commission-free trade, leverage up to 1:400, and stuck spreads on the MetaTrader five trade platform. small tons are out there for trade and there are swap-free (Islamic) accounts upon request.
Unlike most brokers, however, CentroFX doesn’t offer Managed accounts.
Trading Conditions
Minimum Initial Deposit
CentroFX accounts need a minimum deposit of $100, which is average. compared, leading EU broker XM needs solely $5 from traders to begin with.
Average Spreads & Commissions
This broker says on its website that its mounted spreads quantity to one.6 pips on EUR/USD, could be a quite competitive rating. However, after we tried out CentroFX’s demo account, the MT5 spreads were 2.0 pips for the EUR/USD combine – the typical for fixed-spread forex brokers.
In comparison, XM offers an average unfold of 0.1 pip on EUR/USD + commission of $5 per normal ton (per side) on its Zero account. For any data, you’ll find and compare period spreads of fifteen leading brokers here.
Maximum Leverage
The maximum leverage with this broker is taken into account high, reaching 1:400. Higher leverage levels might not solely multiply traders` earnings on a little deposit, however conjointly result in significant losses in way over the initial deposit. Notwithstanding, if you’re willing to require the chance, several Cyprus-based brokers provide even higher leverage ratios: XM – up to 1:888, FXTM and – up to 1:1000.
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