Abstract：Registered in the United Kingdom, The Financial Centre is an online broker providing a series of trading instruments to its clients, covering Stocks, Forex, Crypto, Indices, Commodities. With The Financial Centre, four classes of trading accounts are provided, namely Basic, Silver, Gold, Platinum, and VIP accounts, and the he minimum deposit required by this brokerage is $250.
|Registered Countries||United Kingdom|
|Minimum Spread||From 0.6 pips|
|Trading Assets||Stocks, Forex, Crypto, Indices, Commodities|
|Payment Methods||Credit Cards (MasterCard, VISA), E-wallet (APM, EFT), and Wire Transfer|
|Customer Support||Telephone, Email|
Registered in the United Kingdom, The Financial Centre is an online broker providing a series of trading instruments to its clients, covering Stocks, Forex, Crypto, Indices, Commodities. With The Financial Centre, four classes of trading accounts are provided, namely Basic, Silver, Gold, Platinum, and VIP accounts, and the he minimum deposit required by this brokerage is $250.
Here is the screenshot of The Financial Centres official website:
The Financial Centre is not regulated by any regulator to support its operation, and thats why WikiFX has given it a very low score of 1.29/10. Trading with an unregulated broker is taking huge risk of losing money. Please be aware of the risk.
With The Financial Centre, clients are given the opportunity to trade Stocks, Forex, Indices, Cryptos and Commodities. Honestly, trading assets provided by this broker seems average.
Five types of trading accounts are provided for all clients who pursue different trading environment, namely Basic account, Silver account, Gold account, Platinum account and VIP account.
The minimum deposit specifies account type, with the Basic accounts from $250, the Silver account from $10,000, the Gold account from $50,000, the Platinum account from $100,000, the VIP account from $250,000.
When it comes to leverage, The Financial Centre enables its clients to use the maximum trading leverage up to1:400, which is greater than the levels regarded appropriate by any regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.
Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.
When it comes to trading platforms available, what The Financial Centre offers is a web-based trading platform. You can log in to your account and trade on any device that has an internet connection.
Deposits & Withdrawals
The payment methods that you can use through The Financial Centre include Credit Cards (MasterCard, VISA), E-wallet (APM, EFT), and Wire Transfer.
The minimum deposit amount is 250 USD/GBP/EUR, and the minimum withdrawal amount is $100.
Clients with any inquiry can first seek answers in its FAQ section, and its staff service can be reached through online chat, email.
Support Operating Hours: Monday to Friday 04:00 to 01:00 GMT.
The Financial Centre does not offer services to clients from The United States, Cuba, Democratic Peoples Republic of Korea (North Korea), Iran and Syria, and may refuse to accept traders from other jurisdictions.
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
Pros & Cons
|Generous leverage up to 1:400||No regulation|
|High account-opening capital requirement|
|Not accepting clients from some countries|
|Weak trading platform|
Frequently Asked Questions
Is there a minimum withdrawal amount？
The minimum withdrawal amount is $100.
What currencies can I deposit？
You can open an account in USD, EUR, or GBP.
Do I need to install software？
FinancialCenter is a web-based trading platform. You can log in to your account and trade on any device that has an internet connection.
What is the maximum deposit amount？
It depends on the deposit method:
Credit Card- Amount varies
If you are looking to start trading forex in South Africa, there are a few steps you need to follow.
Powered by WikiFX (GOLD, EUR/USD, GBP/USD, USD/JPY, )
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