FinancialCentre is a U.K. based CFD broker with a long history in the industry. The broker has been operating since 2001 and offers several asset classes and individual assets to its clients in the form of CFDs. They are fully committed to being accessible to everyone and have a number of trading accounts and affordable pricing to show this is true.
FinancialCentre also shows its commitment to traders through its offering of a proprietary trading platform rather than the same old vanilla options offered by most new brokers. Spreads are tight, and execution is lightning-fast. This makes it far easier for traders to hold the majority of their profits.
First impressions are important, and our first impression of the broker website and platform were positive, which is not surprising given the two decades of experience that FinancialCentre has within the online broker industry.
In the following review we will dig deeper into the account types, platform, fees and other features of FinancialCentre. For the most current information regarding the broker, we do recommend you visit their website.
· Well established, with 2 decades of operation
· Solid proprietary trading platform
· Good education and research available
· No obvious regulation
Despite the long life of the firm and its location in the U.K. we were unable to find a company registration with the Financial Conduct Authority in the U.K. The company website also makes no mention of any regulation. Based on this we must presume that FinancialCentre is not a regulated entity by the FCA or in any other jurisdiction.
That said, the firm does follow the Know-Your-Customer (KYC) and Anti-Money Laundering (AML) regulations fully, which does provide some trust and safety. Clients will need to follow all applicable KYC and AML requirements when registering to trade with FinancialCentre.
FinancialCentre makes a number of account types available to suit the preferences of any type of investor from active traders to more conservative retirees, all the way to professional traders. Account minimums start at just $250, making the broker available to any level of trader, even beginners. Below is a breakdown of the account types and their features:
· Minimum Deposit – $250
· Education and tutoring
· Monthly live trading events
· Fast withdrawals
· Minimum Deposit – $10,000
· Flexible leverage up to 1:100
· Spreads from 0.6 pips
· Dedicated account manager
· Minimum Deposit – $50,000
· Next-gen trading tools
· In-depth market analysis
· One-on-one education
· Minimum Deposit – $100,000
· Exclusive event invitations
· Ultra-tight spreads from 0.0 pips
· Leverage up to 1:400
· Priority withdrawal procedure
· Minimum Deposit – $200,000
· Created for high-volume traders and high-net-worth individuals who seek an optimal trading environment for the ultimate trading experience. Contact your dedicated account manager for a completely bespoke solution.
FinancialCentre steers away from the industry trend towards offering MetaTrader 4 and/or MetaTrader 5 as the trading platform. Instead, it has gone to the time and expense of creating its own proprietary trading platform which is both user-friendly and holds powerful tools and features. Under the broker’s commitment to accessibility, the platform delivers both accessibility and analytical ability.
While learning a new trading platform might be considered an inconvenience, the proprietary platform created by FinancialCentre is easy to learn, and just as easy to master. Both beginners and experienced trading veterans will appreciate the powerful functionality included in this slick trading terminal.
The trading platform is most easily accessible through a modern web browser, however some traders might be put off by the apparent lack of a desktop platform or mobile trading app. According to the broker FAQs:
“Do I need to install software?
FinancialCentre is a web-based trading platform. You can log in to your account and trade on any device that has an internet connection.”
Traders will find all these following features and more:
· 35 included chart indicators
· 5 chart types
· 9 included time frames
· Flags, line drawing, and annotations included
· 1 click trading
· Market and Limit orders
· Stop losses and take profit levels
FinancialCentre has a broad and interesting offering of assets, including the newest cryptocurrency asset. Every trader will find something of interest in the broad and diversified list of available assets available.
· Forex: Over 50 forex pairs are available, including majors, minors and exotics.
· Cryptocurrency: CFDs on over a dozen popular cryptocurrencies, including Bitcoin, Ethereum, and Cardano. Many are available as both USD and EUR pairs.
· Indices: Over 15 global indices available for spot trade, with some also available as futures.
· Commodities: 8 different commodities, including popular metals and energies, in addition to agricultural assets like wheat and corn.
· Shares: Trade on over 100 different shares as CFDs. Many of the top global brands are represented.
Every client can take advantage of the education and tutoring available from FinancialCentre. There is also in-depth market analysis, and one-on-one education once the Retirement tier is reached, plus at the All-Star level there are exclusive events specifically for this tier of trader.
Non-clients will also find a wide selection of e-books to choose from on the site covering beginning through advanced trading, market analysis, and trading strategies among other things.
FinancialCentre’s customer service team is top-notch and the representatives are knowledgeable and professional. Support is available 24/6 and the team can be easily contacted via telephone or email. There is also a brief FAQ section to answer the most basic questions.
The United Kingdom +44 2038077811
Australia +61 391125949
New Zealand +64 98844056
Sweden +46 812410204
Canada +1 4378379668
As you can see from the above review FinancialCentre is a broker that has been in operation for longer than most every other online broker. They make accessibility a priority, and back that up with their account tiers, and with their well-designed web-based proprietary trading platform. While regulation seems to be lacking, the broker still inspires trust through its longevity, and its adherence to KYC and AML requirements.
Overall, this is a broker that can satisfy any trader. In addition to the above-mentioned positive traits, clients can also take advantage of a broad variety of assets. FinancialCentre even offers cryptocurrencies, showing that it remains innovative, even as one of the older online brokers.
The best way to see the strengths of FinancialCentre are to give them a try for yourself. You are likely to be pleasantly surprised by the offerings and conditions you will find with such a trader-focused and long-lived broker.