Independent Review - FinancialCentre

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Contents

FinancialCentre is one of the oldest U.K. based online CFD brokers, with a history that stretches back to its founding in 2001. They offer a wide diversity of assets in an intuitive proprietary trading platform that caters to the needs of the trader. Their mission is to make trading accessible to everyone, and you can see in the following review how much success they have had in reaching that goal.

Quick Look

FinancialCentre offers up a proprietary trading platform that clearly demonstrates its commitment to making trading accessible to everyone. The platform is powerful, but it is also very user-friendly. Even the newest beginning trader should have no issues navigating this platform and kicking off their first trade.

Another sign of the commitment to accessibility is the account structure found at FinancialCentre. Prospective clients can take advantage of five different tiers of accounts, with minimum deposits beginning as low as $250. Each successive tier adds new features and tools, so even the most seasoned traders will find a suitable account type to support their trading needs.

With tight spreads and fast execution, the web-based platform should please even the most discerning trader.

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.

Regulations

We were a bit surprised when there was no mention of regulation on the broker website, so we went digging on the Financial Conduct Authority website to see if we could find a record of licensing and regulation there. Surprisingly we found nothing there either. We can only conclude that FinancialCentre is not regulated by the FCA or any other entity, which is quite surprising given their U.K. domicile.

The broker does fully comply with all Know-Your-Customer (KYC) and Anti-Money Laundering (AML) regulations, so that is reassuring. And of course, with 20 years of experience and history it is fairly certain there is nothing untoward happening at the broker.

Account Types

FinancialCentre has a total of five account tiers, so there is a level that will suit every type and level of trader, from beginners right through to established trading professionals. The minimum deposit is an affordable $250, and clients get immediate access to education and tutoring as well as monthly live trading events.

FinancialCentre Account Types

Below is a breakdown of the account tiers and the features that come with them:

Self-Managed Account

  • Minimum Deposit – $250
  • Education and tutoring
  • Monthly live trading events
  • Fast withdrawals

Wealth Management

  • Minimum Deposit – $10,000
  • Flexible leverage up to 1:100
  • Spreads from 0.6 pips
  • Dedicated account manager

Retirement

  • Minimum Deposit – $50,000
  • Next-gen trading tools
  • In-depth market analysis
  • One-on-one education

All-Star

  • Minimum Deposit – $100,000
  • Exclusive event invitations
  • Ultra-tight spreads from 0.0 pips
  • Leverage up to 1:400
  • Priority withdrawal procedure

Inner Circle

  • 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 Account Types

Available Assets

There is something for everyone at FinancialCentre, from forex and commodities to shares and cryptocurrencies. The diversified asset offerings means that traders will always have a market to trade. Take a look at what you will find:

  • Forex: Over 50 forex pairs from majors and minors to exotics.
  • Cryptocurrency: Clients get access to CFDs on over a dozen popular cryptocurrencies, including Bitcoin and Ethereum, plus new DeFi tokens like Polkadot. Many are available as both USD and EUR pairs.
  • Indices: Over 15 global indices for spot trade, with some also available as futures.
  • Commodities: 8 different commodities, including gold, silver and crude, in addition to agricultural assets like wheat and corn.
  • Shares: Trade on over 100 of the top global company shares as CFDs.

Trading Platforms

Rather than going the same direction as nearly every other broker and offering the MetaTrader 4 and MetaTrader 5 platforms, FinancialCentre is steering its own course with a proprietary trading platform designed to be both powerful and simple to grasp. Whether you are an experienced trader or brand new to the markets, you should find the user-friendly platform to be intuitive and accessible.

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

As you can see there are plenty of powerful features included in the FinancialCentre trading platform, but the real genius is the way in which it is all presented in a way that most anyone can grasp.

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."

That means there is no desktop platform or mobile app, but we do not feel like the platform suffers at all for that.

Banking

FinancialCentre supports a number of deposit and withdrawal option, including wire transfer, credit cards, and several ewallets. They have also introduced crypto banking recently and can set up a cryptocurrency wallet for deposits upon request. Deposits are made directly through the platform, and withdrawal requests are also made through the platform The minimum deposit is $250 and the minimum withdrawal is $100.

Processing times for the deposits can vary. Credit card and ewallet deposits are credited instantly, but wire transfers can take up to 5 business days to process. Withdrawals follow much of the same procedures, although some of the ewallets can charge fees which are dependent on the wallet and the jurisdiction of the client. Withdrawals to bank accounts also can take up to 5 business days to process.

FinancialCentre Banking

Blockchain banking allows for nearly instantaneous deposits and withdrawals but does also require an account with an external cryptocurrency exchange.

Customer Service

The customer service team at FinancialCentre is available via email and telephone 24/6, and the broker makes local numbers available in a number of countries. On top of that the customer support team, many of whom have been with FinancialCentre for years, are very knowledgeable and able to handle any issue quickly and with a minimum of fuss. Plus, 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

Email: support@financialcentre.com

In Conclusion

FinancialCentre seems to be a good choice for any trader looking for an established, trustworthy broker who puts the needs of clients first. The addition of blockchain banking, and wide number of cryptocurrencies to trade also shows that the broker is not content to rest on its reputation but is actively moving into the future. While the lack of regulation seems concerning at first, the broker is still located in the U.K. and does require the necessary KYC and AML checks.

From the large number of assets to the selection of account tiers, this is a broker that can satisfy any level of trader. And when you are not satisfied the experienced customer service team will quickly resolve any issues you might be facing.

Let us not forget the trading platform either. Both powerful and easy to understand, it will work excellently for any level of trader as well.

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.

Summary

Company Information

Company Name:
The Financial Centre
Headquarters:
6 Bevis Marks Building, Bury Court, London, United Kingdom
Phone:
+442038077811, +14378379668, +61391125949, +6498844056, +46812410204
Email:
support@financialcentre.com

Account Options

Account Type:
Dealing Desk
STP
US Clients Accepted:
Spreads:
Variable Spreads
Cost Structure:
Commissions and Spreads

Funding

Deposit Methods:
Wire Transfer, Visa, MasterCard , Crypto Assets
Withdrawal Methods:
Wire Transfer, Visa, MasterCard , Crypto Assets
Same Day Withdrawals:
Account Currencies:
EUR USD GBP
Deposit Insured, Segregated:
,

Bonuses

Deposit Bonus:
First Deposit Bonus:
Bonuses Conditional on Volume:

Customer Service

Supported Languages:
English
Support / Service Hours:
24/6
Live Online Support:
Phone Trading Available:

Trading Software

Supported OS:
Windows, Apple(Mac), Linux, Windows Phone, Android, iPhone
Also Supported:
Web Trading
Mobile / App Trading:
Linux, Windows Phone, Android, iPhone

Trading

Scalping Allowed:
Hedging Allowed:
Negative Balance Cover:
Automated Trading:
Trading Signals Provided:
Server Side Orders:
Trailing Stops:
Guaranteed Stops:
Guaranteed Limits:
Guaranteed Fills:
OCO Orders:
Interest on Margin:
One Click Trading:
Social / Follow Trading:

Information Services

Email Alerts:
SMS Alerts:
Trade from Charts:
Market Commentary:
News Feed:
Live Economic Events Data:
Signal Service:

Instruments / Contracts

Forex:
Major Indices:
CFDs:
Precious Metals:
Oil:
Commodities:
CFD Stocks:

Crypto Assets

Also Available

Institutional Accounts:
Swap Free Accounts:
Managed Accounts:
PAMM Accounts:

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