Significant regulatory warning: both the UK's FCA and Spain's CNMV have publicly stated that FXCentrum provides financial services without proper authorisation in their jurisdictions -- a concrete, well-sourced red flag from two separate Tier-1 regulators. WikiFX gives it a very low score, and its Trustpilot listing is currently marked unavailable for breaching platform guidelines. It also advertises leverage up to 1000:1 alongside a $10 minimum deposit, a combination typical of higher-risk, retail-targeting offshore brokers.
| Regulated entity | WTG Ltd |
|---|---|
| Regulation | FSA Seychelles-licensed (licence number unconfirmed) |
| Other Tier-1 regulators | None confirmed |
| Founded | 2019 |
| Headquarters | Seychelles (no separate brand headquarters found) |
| Minimum deposit | Not independently confirmed |
| Avg. spread (EUR/USD) | Not independently confirmed |
| Platforms | MT5, Proprietary (FXC) |
| Instruments | ~350+ instruments per the most recent (2026) source, though an older source claims 3,000+ -- conflicting and unreliable as a precise count. Asset classes: forex (50+ pairs), indices (~35), shares/stock CFDs (~134), commodities (metals), and crypto CFDs; bonds and ETFs are mentioned inconsistently across sources. |
See FXCentrum's full regulation dossier → · How to check whether a forex broker is regulated
Derived from the same confirmed data behind this broker's score (regulation, cost, platforms, deposit minimum) -- not a separate editorial judgment.
Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
Beyond the headline spread and minimum deposit above. Where our research hasn't independently confirmed a specific detail, we say so rather than guess -- verify directly with the broker before relying on it.
| Account types | Not independently confirmed in our research -- check the broker's own site or contact support directly. |
|---|---|
| Execution model | Not independently confirmed in our research -- check the broker's own site or contact support directly. |
| Withdrawals & deposits | Not independently confirmed in our research -- check the broker's own site or contact support directly. |
| Overnight financing (swap) | Not independently confirmed in our research -- check the broker's own site or contact support directly. |
| Currency conversion cost | Not independently confirmed in our research -- check the broker's own site or contact support directly. |
| Inactivity fee | Not independently confirmed in our research -- check the broker's own site or contact support directly. |
| Customer service | Not independently confirmed in our research -- check the broker's own site or contact support directly. |
| Mobile experience | Not independently confirmed in our research -- check the broker's own site or contact support directly. |
| Educational offering | Not independently confirmed in our research -- check the broker's own site or contact support directly. |
See how FXCentrum's spread cost compares across every researched broker → · Forex broker fees explained
Is FXCentrum regulated?
Yes -- FSA Seychelles-licensed (licence number unconfirmed). See the regulation dossier on this page for the underlying licence numbers.
Is my money protected if FXCentrum fails?
Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
What is the minimum deposit at FXCentrum?
Not independently confirmed in our research -- verify directly with the broker.
What trading platforms does FXCentrum offer?
FXCentrum offers MT5, Proprietary (FXC).
What is FXCentrum's average spread on EUR/USD?
Not independently confirmed in our research -- verify directly with the broker.
When was FXCentrum founded?
FXCentrum was founded in 2019.
How is FXCentrum's overall score calculated?
FXCentrum currently scores 2.22/5 overall under our disclosed nine-category methodology -- regulation & client protection 30%, trading costs 20%, non-trading fees 10%, platforms & tools 10%, execution/trading conditions 10%, product range 5%, deposits/withdrawals 5%, transparency 5%, track record 5%. It is not a comparison to other brokers and not based on hands-on testing.
A dated log of when our own published data about this broker actually changed -- not a reconstructed history of what the broker itself did. See the full change log tool for every broker.
EU clients typically served under Central Bank of Ireland / MiFID passporting rather than a direct CySEC CIF licence -- worth confirming which entity applies to you.
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