Thinking of CentroFX? “Must-Read” Pros & Cons of the Service

September 14, 2016

You should read this before start trading with CentroFX.

Important

Please note that Hercules Finance is no longer introducing "CentroFX" due to regulatory reasons.

Thinking of CentroFX? “Must-Read” Pros & Cons of the Service

We understand that there are hundreds of misleading information on the web, and you may be tired of seeing the same advertisement mentioning the same things.

Here are some tips for you to choose the most suited broker for yourself.

Pros

The owner of the Broker, R Capital Solutions Ltd has been managing several Forex brokers such as MXTrade, Axiory, TradeBerry and CentroFX is the fourth one.

CentroFX is regulated by CySEC, and also a member of ICF(Investors Compensation Fund).

CentroFX is one of the handful of broker which offer MetaTrader5, the most advanced trading platform built by the MetaQutoes.

Cons

CentroFX offers only MT5, but no MT4 or cTrader.

Your profits will be partially taken away by CentroFX according to the % of Bonus amount in case you join their promotions.

CentroFX is quite a new broker founded in 2016.

Not so many trading tools are offered such as VPS, PAMM, Copy Trading or Financial News.

Is CentroFX suited for you?

CentroFX offers Fixed spreads through MetaTrader5 Trading Platform, that makes it preferable environment for EA traders.

The broker is relatively new though, all Forex brokers which were founded by R Capital Solutions Ltd have been active for a few years and have quite fine reviews by its users.

If you are looking for some gorgeous Bonus Promotions, MT4, or some Trading Tools(such as PAMM, News and Copy Trading), then CentroFX hasn’t got them yet.

Are you an EA(Expert Adviser) trader with Trading program built in MQL4 language? or looking for some simple trading conditions with the most advanced trading platform? Then CentroFX should have something you want to try out.

Hercules

Along with the $30 no deposit bonus, XM offers 100% deposit bonus to new traders.

Along with the $30 no deposit bonus, XM offers 100% deposit bonus to new traders.