CentroFX review

About the broker

CentroFX trading platform reviews reveal important information for traders looking for a broker suitable for their needs. CentroFX is a broker based in Cyprus, and is operated by R Capital Solutions Ltd. In terms of regulation, the broker is supervised by the Czech National Bank (CNB), as well as CySEC (Cyprus Securities and Exchange Commission), which ensures a certain level of safety for traders.

CentroFX is classified as an STP (Straight Through Processing) broker, which means that it executes trades directly in the market without the intervention of intermediaries. This can be attractive for traders who prefer fast and transparent execution of trades.

**Trading Fees and Accounts

The minimum deposit with CentroFX is $100, which allows traders to start with relatively low capital. The minimum trading volume is 0.01 lots, which means you can trade even smaller positions. Leverage is limited to 1:30 in accordance with European regulations.

A demo account is available for beginner traders, which allows training without risking real funds. CentroFX also offers a mobile app for trading on the go. In terms of trading platforms, CentroFX offers MetaTrader 5 (MT5) and WebTrader. MT5 is known for its advanced features and technical analysis tools.

Spreads at CentroFX start from 1.6 pips, which includes the cost of trades. The broker also charges commissions for some trades, which is important to consider when planning your trading strategy. The range of trading instruments is wide, as CentroFX offers currency pairs, commodities, indices and stocks, allowing traders to vary when building their portfolios.