Company Profile
Note: ForexCent's official website: http://www.forexcent.com is currently inaccessible normally.
| ForexCentReview Summary | |
| Founded | 2006 |
| Registered Country/Region | China |
| Regulation | Unregulated |
| Market Instruments | 30+ currency pairs, CFDs |
| Demo Account | / |
| Leverage | 1:5 |
| Spread | / |
| Trading Platform | MT4 |
| Min Deposit | $5 |
| Customer Support | / |
Founded in 2006, ForexCent is an unregulated forex broker based in China, offering trading in over 30 currency pairs and CFDs with leverage up to 1:5 via the MT4 platform. The minimum deposit requirement to open a live account is as low as USD 5.
Pros and Cons
| Pros | Cons |
| MT4 supported | Inaccessible website |
| Low minimum deposit | Not regulated |
| Unclear fee structure | |
| No info on payment options | |
| No contact channels |
Is ForexCent Legit?
No, ForexCent is not regulated by any reputable financial body. Please be aware of the risk!
What Can I Trade on ForexCent?
ForexCent offers over 30 currency pairs and CFDs for investment and trading options.
| Tradable Instruments | Supported |
| Currency pairs | ✔ |
| CFDs | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Leverage
ForexCent offers a leverage of only 1:5. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform
ForexCent offers the MT4, MetaTrader Mobile and WebTrader trading platforms.
| Trading Platform | Supported | Available Devices | Suitable for |
| WebTrader | ✔ | Web | / |
| MT4 | ✔ | Web, Desktop, Android, iOS | Beginners |
| MT5 | ❌ | Windows, Android, iOS | Experienced traders |
