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FXCentral???

  • #1
  • First Post: May 21, 2010 2:00pm May 21, 2010 2:00pm
I came across these guys, never heard of them before. They claim to be a registered FCM but they are just pending. Anyone traded with them??

www.fxcentral.net
  • #2
  • May 31, 2010 8:58am May 31, 2010 8:58am
When i compared many other raw spread ECN claims, i see Fxcentral is getting better with Oneclick plugin were we can see depth of market and get ECN execution in better ways
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  • #3
  • May 31, 2010 9:25am May 31, 2010 9:25am
Quoting amarfx
When i compared many other raw spread ECN claims, i see Fxcentral is getting better with Oneclick plugin were we can see depth of market and get ECN execution in better ways
looks like your an employee of fxcentral
  • #4
  • May 31, 2010 3:48pm May 31, 2010 3:48pm
it smells fishy, regulated by NFA

and what i read ? CFD trading ! how is it possible ?

"Our SUPER CFD platform offers CFDs with minimal commissions and very attractive margin requirements.
CFDs have grown in popularity dramatically over the past few years, and we believe that this will
increasingly be the preferred way to trade the financial markets.
SUPER CFD Platform offers customers the ability to trade over 1,000 instruments, including equities and
commodities from a single account in relation to UK, European, US and Asian markets together with a
number of Commodity Futures including all Crude oil, Brent oil and Metal contracts."


http://www.fxcentral.net/pdf/FXCENTR..._brochure1.pdf
  • #5
  • May 31, 2010 3:56pm May 31, 2010 3:56pm
http://www.nfa.futures.org/basicnet/...yE%2bJSS1RE%3d

Their application is pending - they are not a NFA member yet. Messy NFA history too.
  • #6
  • Jun 1, 2010 2:53am Jun 1, 2010 2:53am
Quoting kesterpogz
looks like your an employee of fxcentral
on what basics you are coming to such conclusion?
  • #7
  • Jun 4, 2010 3:23am Jun 4, 2010 3:23am
Quoting shrike
http://www.nfa.futures.org/basicnet/...yE%2bJSS1RE%3d

Their application is pending - they are not a NFA member yet. Messy NFA history too.
May i know, what is the issue if NFA membership is pending? is it any risk involved? since they have direct operational office in my region i prefer them along very tight Raw ECN spread
  • #8
  • Jun 4, 2010 8:03am Jun 4, 2010 8:03am
The issue is they are publishing wrong information about their regulatory status. If they are lying about that - what else are they lying about?
  • #9
  • Jun 4, 2010 8:35am Jun 4, 2010 8:35am
Quoting shrike
The issue is they are publishing wrong information about their regulatory status. If they are lying about that - what else are they lying about?
Not sure, you can email them or call them directly ask them ? For me in my zone they offer best local support and best possible execution compared to many other crook that i have tried in past.
  • #10
  • Jun 6, 2010 2:50am Jun 6, 2010 2:50am
Quoting amarfx
on what basics you are coming to such conclusion?
perhaps because it says this under your name:
Fxcentral (Forex needs Centralized)
  • #11
  • Aug 18, 2011 4:28am Aug 18, 2011 4:28am
Quoting shrike
http://www.nfa.futures.org/basicnet/...yE%2bJSS1RE%3d

Their application is pending - they are not a NFA member yet. Messy NFA history too.
Just check this out...
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  • #12
  • Aug 18, 2011 4:45am Aug 18, 2011 4:45am
Quoting amarfx
on what basics you are coming to such conclusion?
Lemme see here, your profile shows their link as your preferred broker and your website links brings you to them. You are a FXCentral mouthpiece.

Let's talk about these guys, they have a registered office in the US, offer CFD's and 100:1 leverage to US retail clients and are not registered anywhere?

Why do noobies fall for these cr@p companies is beyond me, anyone who opens an account with these crooks deserves to lose every penny.

If you think you can safely deposit funds with these guys, I have a bridge I can sell you.

You may as well call up your local mafia boss and use him as your broker, he is probably more trustworthy then these guys and at least you may know where he lives.

The next time you need a heart operation, I know this really good surgeon, his medical license is still pending, he is not registered anywhere but he is really good, trust me, I am a trader.....

Retail noobies have it tough enough trying to make money in this business without getting scammed by frauds like these guys.
  • #13
  • Aug 18, 2011 4:49am Aug 18, 2011 4:49am
Quoting KarateMan
Anyone traded with them??

IF anyone here does trade with them, they are guaranteed to lose every penny of their deposit, only a matter of time.

You guys for freakin real? Plenty of registered, above board brokers around.

Get a life.
  • #14
  • Aug 18, 2011 5:41am Aug 18, 2011 5:41am
You guys do realise that you are answering to a thread that is a year and a quarter too old...(well, for that matter, I too am guilty for adding my opinion)..
Sadly, this only dusts it up and gives free advertisement for the above broker.

Since I am from the same "zone" as the guy praising fxcentral, I know for a fact that they are (sadly) still in business claiming to be ECN, luring naive retail traders... However, this country's regulator/central bank are said to be displeased with their "get rich quick, government licensed brokers" false advertisements....

I would love to keep updating you about it, but i doubt it if it's worth anyone's while...(besides continuing to give these guys free attention)..
  • #15
  • Last Post: Aug 19, 2011 3:21am Aug 19, 2011 3:21am
Quoting Scalperforex
You guys do realise that you are answering to a thread that is a year and a quarter too old...(well, for that matter, I too am guilty for adding my opinion)..
Sadly, this only dusts it up and gives free advertisement for the above broker.

Since I am from the same "zone" as the guy praising fxcentral, I know for a fact that they are (sadly) still in business claiming to be ECN, luring naive retail traders... However, this country's regulator/central bank are said to be displeased with their "get rich quick, government licensed brokers" false...
I do not understand how come they have offices in US if their NFA membership is still pending???
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