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TradeCentrum

Cyprus|5-10 years|
Suspicious Scope of Business|High potential risk|

https://tradecentrum.com

Website

Rating Index

Contact

+357 25349815
support@tradecentrum.com
https://tradecentrum.com
46 Ayiou Athanasiou, Ayios Athanasios, Interlink Hermes Plaza, 4102 Limassol, Cyprus.

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The CyprusCYSEC regulation (license number: 242/14) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

TradeCentrum · WikiFX Survey

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TradeCentrum · Company Summary

General Information

TradeCentrum is one of the several brands of Goldenburg Group Limited, which also operates eTrader, FX Global, TopForex and binary options brand Topbinary. The company is a fully licensed and regulated firm by the Cyprus Securities and Exchange Commission (CySEC).

Market Instruments

TradeCentrum provides numerous major instruments of financial markets including Forex, commodities, shares, indices, and shares CFD.

Leverage

The maximum leverage level offered by TradeCentrum is 1:200. Such ratio is common for the FX market, although the Cypriot Financial Watchdog advises brokers to provide 1:50 as a default leverage level. Indeed, excessive leverage can cause more problems to retail investors than to do them good.

Spreads

Although it claims to offer floating spreads, TradeCentrum in fact provides fixed ones. We discovered that the spread on EUR/USD is fixed at 3.0 pips, which is almost twice more than the offerings of most brokerages.

Trading Platforms

TradeCentrum supports the standard forex market trading platform MetaTrader4 (MT4), as well as xStation, developed by XOpen Hub. Both of them come as desktop, mobile and tablet versions.

Payment Methods

TradeCentrum supports the following payment methods: credit/debit cards, bank wire transfer, and popular e-wallets Skrill and DotPay. And the minimum initial investment with bank wire is $250.

Trading Hours

Clients can use TradeCentrum's portal at any time, but the trading hours depend on the specific market. Generally speaking, Forex is a 24/5 global trading market.

Supported Language

TradeCentrum supports a wide range of languages, including English, Slovenian, Hungarian, Spanish, and Czech. According to the official website, TradeCentrums website available in English and Czech.

Contact Information

Users can contact TradeCentrum via support@tradecentrum.com, as well as the hotline: +35 7250 56478. Office address: GOLDENBURG GROUP LTD, 1 Siafi Street Porto Bello BLD, 3042, Limassol, Cyprus.

Broker Information

Company Name

TradeCentrum

Abbreviation

TradeCentrum

Regulatory Status

Suspicious Clone

Platform registered country and region

Cyprus

Company website
Type of License

Description of Approved License Type

Type I

The financial instrument business deals with highly liquid securities and provides derivative transactions, which have characteristics.

As mentioned above, the main business content of the first type of financial instrument business operators can be roughly summarized as securities business (securities, securities CFD, etc.), financial futures business (FX), derivative trading business related to cryptocurrencies, securities management, etc. The work can be divided into four categories.

Type II

The financial instrument business basically refers to funds (shares of collective investment plans), trust beneficiary rights with lower liquidity, that is, financial instrument transactions excluding major securities such as stocks and corporate bonds. These are referred to as "equivalent securities" in the various items listed in the second paragraph of Article 2 of this Sale Business Law (hereinafter referred to as "equivalent securities").

In addition, the self-issuance (private placement and public offering) of certain securities such as investment trust beneficiary rights that are not regarded as securities, currency-related market derivative transactions, etc. are also positioned as Type II financial instrument business.

Phone of the company
  • +357 25349815

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Company address
  • 46 Ayiou Athanasiou, Ayios Athanasios, Interlink Hermes Plaza, 4102 Limassol, Cyprus.

Linkedin

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WhatsApp

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QQ

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WeChat

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Customer Service Email Address
  • support@tradecentrum.com

  • info@tradecentrum.com

Company Summary

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