REVIEWS

The Financial Centre Review 2022

Z

Reviewed

Z

Tested

Z

Safe

financialcenter

The Financial Centre is an online forex and CFD broker that was founded in 2001 and is currently based in the UK.

The Financial Centre is a transparent, true customer-oriented brokerage firm that offers an optimal trading environment to traders and investors around the globe. The broker succeeds in serving both retail and institutional clients by offering excellent trading conditions for CFDs on FX, Indices, Stocks, Crypto, and Commodities since its inception.

The broker has to offer more than 20 years of expertise in financial trading, along with advanced technology and the right tools, including a reliable and powerful trading platform, for efficient trading.

The Financial Centre Main Features
🗺️Established in: 2001
🏢Headquarters: UK
⚖️Regulations: N/A
⚖️Country of regulation: St. Vincent and the Grenadines
💰Minimum Deposit: $250
🖥Platforms: Proprietary Web-Based Platform
🎮Demo Account Available: Yes
💱Leverage: 1:500
💰Withdrawal fee amount: No
💰Inactivity Fee: No

Global markets are more accessible than one might think. The Financial Centre allows its clients to trade more than just currencies. Using their proprietary platform, you access American and European markets, allowing you to trade stocks and indices as well.

The forex broker offers the best-traded indices such as DAX, Dow Jones, FTSE, and S&P. Traders can access the energy markets and other commodities, along with global stock companies in without complexity.

Their vision is not only to meet their esteemed clients’ needs but to exceed them by making sure they stay exposed to the best trading environment with top conditions that set them up for success.

the financial center website

Pros Cons
Top-of-the-line trading tools High CFD fees
Ultra-tight spreads from 0.0 pips High minimum deposit
Powerful leverage up to 1:500 No 24/7 support availability

The Financial Centre is an online forex and CFD broker that was founded in 2001 and is currently based in the UK.

Safety & Regulation

The Financial Centre has more than 20 years of operations in the industry but still doesn’t hold any major license from top-tier regulators like the FCA, ASIC, or CySEC. However, its operation must comply with UK regulations and requirements as it is based there, and is obligated to follow all standard AML and KYC policies.

Is The Financial Centre Safe or a Scam?

Even though the broker is not regulated by a top-tier regulator, the Financial Centre is considered a safe broker to trade with as it maintains all safety, AML, and KYC standards. The company is also very straightforward and transparent with its execution policy.

The broker also offers negative balance protection to its VIP clients.

Furthermore, there is no trail of bad history or malicious misconduct towards clients or any manipulation of funds.

Accepted Countries

The Financial Centre can offer its services to everyone, except residents of the U.S, Cuba, North Korea, Iran, and Syria. Keep in mind though that, You are responsible for ensuring that all services and activities of the Financial Centre are authorized in your jurisdiction.

The broker may refuse to accept traders from other jurisdictions, based on the KYC and AML assessment they do during the registration process.

The Financial Centre has more than 20 years of operations in the industry but still doesn’t hold any major license.

Fees

The Financial Centre has relatively high trading fees overall. The fee structure differs among various account types, and it is not very transparent in order to calculate costs easily.

Also, you are required a higher minimum deposit to get access to lower spreads and better service. This contradicts the statement for supporting new traders to gain access to the market easily.

Furthermore, the broker does not charge any commission for trading.

Leverage

The maximum leverage level of The Financial Centre is 1:500, which is considered relatively high and offers a good trading advantage.

What is the Financial Centre’s Minimum Deposit?

The minimum deposit required is $250 or equivalent. However, in order to get access to better service and lower spreads the minimum deposit goes up to $1,000,000.

The Financial Centre has relatively high trading fees overall.

Account Opening

This online broker provides five different trading accounts for its clients, and a three-tiered VIP account for investors that are willing to take it to the next level, using the broker’s unique services and features. Based on the account type, traders can get access to better spreads and leverage levels.

At the Financial Centre, all possible measures are taken to ensure that client funds and data remain secure.

Here are the account types in more detail:

Self-Managed Account

Minimum balance $250

  • Books and videos
  • One-on-one academy
  • Monthly live trading events
  • Real-time trading opportunities
  • Fast withdrawal processing

Wealth Management Account

Minimum balance $10,000

  • Flexible leverage up to 1:100
  • Tight spreads from 0.6 pips
  • Dedicated account manager

Retirement Account

Minimum balance $50,000

  • Next-gen trading tools
  • In-depth market analysis
  • One-on-one training

All-Star Account

Minimum balance $50,000

  • Exclusive event invitations
  • Ultra-tight spreads from 0.0 pips
  • Powerful leverage up to 1:400
  • Priority withdrawal procedures

Inner Circle Account

Minimum balance $200,000

  • The “Inner Circle” accounts are created for high-volume traders and high-net-worth individuals who seek an optimal trading environment for the ultimate trading experience.
  • More details are provided through your dedicated account manager, and the account is tailored to your trading needs

Tiered VIP Accounts

For a completely bespoke experience contact your dedicated VIP Account Manager.

  • Tier 1 – $250,000-$500,000
  • Tier 2 -$500,000-$1,000,000
  • Tier Circle – $1,000,000+
This online broker provides five different trading accounts for its clients, and a three-tiered VIP account for investors that are willing to take it to the next level.

Deposit & Withdrawal

The broker provides different payment methods to fund your trading account. All deposits and withdrawals are processed depending on the level of priority of each account type.

Account Base Currencies

The accounts are only in USD.

Deposit Methods available

  • Credit\Debit Card
  • Bank Transfer
  • E-wallets
  • Cryptocurrencies

How to make a deposit?

There are several payment methods offered, from Credit Card, Wire Transfer, as well as several forms of e-payment.

  1. The first step is logging into your account, then go to the ‘Deposit’ section
  2. Click on your preferred method, enter the amount you wish to deposit, and add the payment method details into the fields
  3. Click on ‘Deposit’

Blockchain Banking

The Financial Centre has set a strategic objective since 2001, to embrace technological advancements and financial innovation, and always be relevant.

By moving to ‘Blockchain Banking’, the broker sets a new standard of where the industry is headed and puts the changing needs of their customers first. The Financial Centre took the opportunity to move a traditional investment firm company, seamlessly into the digital era of blockchain and online trading.

Today their deposits & withdrawals are easier and faster than any other bank or investment firm out there.

The broker provides different payment methods to fund your trading account.

Trading Platforms

While most of the new brokers out there use the vanilla and most used MetaTrader 4(MT4) or MetaTrader 5(MT5) platforms, the Financial Centre has had time to invest in creating its own proprietary investing platform.

The broker has invested massive amounts of time and resources into creating a platform that benefits traders the most. The interface is easy to understand, and the technical analysis tools are extremely powerful, especially for new traders.

However, the platform is only available via a web browser and can work on both mobile and desktop versions.

The broker has invested massive amounts of time and resources into creating a platform that benefits traders the most.

Markets & Financial Instruments

The broker offers CFD trading in more than 10,000+ assets, with more being added constantly. These individual assets fall under the following asset classes:

  • Currencies
  • Stocks
  • Indices
  • Commodities
  • Cryptocurrencies

The offerings are more than sufficient to have something for everyone, and never miss a market opportunity. Whether you like to trade fiat currencies or cryptocurrencies, stocks or indices, or even volatile commodities, there is something to trade on the platform.

The broker offers CFD trading in more than 10,000+ assets, with more being added constantly.

Customer Service

The Financial Centre offers several different means of communication for you to reach out to their customer support team. You will find that most means of communication provide lively and fast responses from a team who are highly trained to accommodate all traders’ needs, regardless of the client’s trading experience.

Means Of Communication

  • Live Chat
  • Email Support (support@financialcentre.com)
  • Phone Support
  • UK +442038077811
  • Australia +61391125949
  • New Zealand +6498844056
  • Sweden +46812410204
  • Canada +14378379668
The Financial Centre offers several different means of communication for you to reach out to their customer support team.

Client Education

Client education is a very important part of a trader’s journey and the Financial Centre takes that seriously.

Once the minimum deposit is met, clients get access to the company’s education centre and resources, which is equipped with everything a trader needs to educate himself with new techniques and strategies.

The broker offers a series of Ebooks, that are available to all clients even before registration. On top of that, the website is equipped with a detailed forex glossary, that helps traders understand any terminology in a fun and easy way.

Client education is a very important part of a trader’s journey and the Financial Centre takes that seriously.

Conclusion

The Financial Centre is a CFD and Forex broker that was founded in 2001 and is headquartered in the UK. This Forex trading broker provides a wide range of different trading accounts and floating spreads, that are most suitable for high net worth investors.

The broker has embraced blockchain technology and has developed a unique proprietary platform that allows the broker to stand out in the market.

Overall, the Financial Centre is a legitimate online broker that is worth trading with.

Methodology

All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas.

Our reviews are a combination of data research and working alongside the brokers. All information provided by the brokers are double-checked to guarantee 100% accuracy and that we remain unbiased.

2022 Review Methodology

For our 2022 Forex Broker Review, we assessed, rated, and ranked 45 international forex brokers over a three-month time period. Each broker was graded on 108 different variables and, in total, over 100,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 0.1% each year, providing site visitors with quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.

Chad Smith

Chad Smith

Director of Research & Analysis

Chad Smith is the Director of Research & Analysis here at ForexBrokerListing.com.

Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it.

Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time.