Trade Center FM is an unregulated CFD Forex Brokerage Firm, which started operating in April 2019. As of December 2021 it seems like this broker is out of business. Their website is no longer accessible.
For complaints and withdrawal problems, read this.
Trade Center FM Review
Our review of the brokers at Trade Center FM shows, that they are offering the standard MT4 trading platform. They have the web based version along with the desktop and mobile trading apps. Since they are an unregulated broker, they are offering investors 500:1 leverage / margin rates. Minimum deposit is $250, and they charge a commission of $30 per lot traded.
They boast over 150 underlying assets available for CFD trading on their platforms. Five trading account types are offered by Trade Center FM, with the main difference between them being the commission rates and account managers.
We did not see any automated trading solution available from this broker, however, many people have found them via a software like Bitcoin Profit or Bitcoin Loophole.
Before you consider using a Crypto trading app, you need to know that 99% of them are basically get rich quick schemes, learn more.
Is TradeCenterFM a Legit Broker?
No, Trade Center FM is not a licensed broker.
TradeCenter.FM is now owned by: Vekolle Limited, reg num 98052, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960. Previously they were owned by: Promfix OÜ, located at: Harjumaa, Tallinn linn, Roosikrantsi tn 2-39k 10119 Estonia.
Phone number in United Kingdom is: +441833280002. Customer support email address is: [email protected], and their website is: https://www.tradecenter.fm/.
The way that the Scam Broker Investigator checks a new CFD or Forex broker to know if they are legitimate or a potential scam, is by verifying their license. All Forex brokers, even those with an office in Estonia or the Marshall Islands, must have a license from the your local government to operate.
In Australia, brokers must be licensed & regulated by ASIC, and in England the FCA is the agency responsible to issue licenses. The FCA warned investors on October 7th 2020 that this broker is a scam, see here.
New investors, should always verify a brokers license before making an investment. Australia ASIC Warning! “ASIC urges all investors considering investing in CFD’s or Forex, to check they are dealing with an entity that holds an Australian financial services license.”
Try a Licensed Broker!
Investors have many options to choose from, when choosing an investments broker.
ForTrade is the most popular broker, which is licensed in Canada, United Kingdom and Australia, see here.
Try a Free Demo Account on their amazing trading platform, signup here.
If you are currently investing at the broker Trade Center FM, please share your experience in the comments below.