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Contract reading

What CentFX legally published, but does not want you to read

Every clause below is published by CentFX itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: CENTFX LTD

sole discretionhidden feemarketing contradictionwithdrawalsprofit voidingcomplaint deadlinedeemed acceptancedormancyentity confusionkyc freeze

CentFX sells a $10,000 account named Arbitrage. Its own Terms of Business say it does not permit arbitrage and can revoke those trades without notice. The About page promises segregated funds and no hidden fees. The risk documents say you are a general creditor and the spread is never revealed to you.

Back to CentFX

Contract risk

Money at risk
8.6/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
11
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
21
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
17
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
9

How the 21 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical11
Warning9
Notice1

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

4 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical$10000In the contract. Jump to the clause this comes from.Arbitrage account sold while the contract bans arbitrageCritical14Profit at risk. Jump to the clause this comes from.Fourteen banned strategies, then the word EtcCritical$5Fee on an unused account. Jump to the clause this comes from.Dormant accounts are charged until the balance is zeroCritical3 working daysTime to complain. Jump to the clause this comes from.Three business days to dispute a trade, then silence counts

What the documents say

21 clauses worth knowing about, worst first, each quoted from CentFX's own files

01

CentFX sells you an account named Arbitrage, with a $10,000 minimum deposit, for arbitrage strategies. Clause 7.1 of its Terms of Business says it does not permit arbitrage and can revoke those trades without notice.

Why this matters

You can fund the account CentFX built for arbitrage, trade exactly as the page describes, and lose the profit. Clause 27.1(e) lets CentFX close the account and confiscate profits from prohibited trading, returning only your deposit.

Exhibit 1CriticalRarely seen$10000

The Company does not permit the practice of arbitrage on the Trading Platform. Transactions that rely on price latency arbitrage opportunities may be revoked, without prior notice.
Clause 7.1 in Terms of Business, p.11
Read from the broker's site on Open the reference

What it costsThe Arbitrage account asks for $10,000 before you place a trade. Clause 27.1(e) returns that $10,000 and keeps everything you made above it.

Our readingBrokers commonly ban arbitrage or tolerate it quietly. Selling a named account type for the one strategy the contract punishes puts a client in breach on the day they fund it.

  • Worse together with Exhibit 5The prohibited practices document also bans grid trading and hedging, so several ways of running the Arbitrage account are forbidden too.
02

The About page tells you your funds sit in segregated accounts with top tier banks, for maximum protection. The General Risk Disclosure says segregation may not afford complete protection, and the Risk Disclaimer calls you a general creditor.

Why this matters

If CentFX fails, your deposit joins the queue behind creditors who rank ahead of you. Clause 12.1 holds every client's money in one omnibus account, so your balance may not be separable from anyone else's.

Exhibit 2CriticalHarder than usual

The Company may be required to hold your money in an account that is segregated from other Clients and the Company’s money in accordance with current regulations, but this may not afford complete protection.
Clause 4.1 in General Risk Disclosure, p.6
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must hold retail client money in segregated client bank accounts and belong to a compensation scheme that pays out if the firm fails. These documents name no compensation scheme, and the risk disclosure says segregation may not give complete protection.

CentFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 20No regulator is named for the company holding the money, so there is nobody to ask whether the segregation claim is true.
03

CentFX can delay, reject or cancel your withdrawal, shut you out of your account and withhold your funds if it sees activity it calls abusive. Its Withdrawal Policy says that decision is final and binding on you.

Why this matters

No clause puts a deadline on that review, and no appeal is written anywhere. Once a termination notice goes out, clause 36.7(d) lets CentFX refuse your withdrawal entirely.

Exhibit 3CriticalHarder than usual

Such actions may include, but are not limited to, delaying, rejecting, or cancelling withdrawal requests, disabling account access, and/or freezing or withholding funds.
Clause 4. Dispute in Withdrawal Policy, p.4
Downloaded from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must return retail client money promptly on request, and must give the client a free route to an independent ombudsman when they refuse. This policy makes CentFX the only judge and calls its own decision final.

CentFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 9The policy that would tell you how to challenge a frozen withdrawal is the one document CentFX does not publish.
04

CentFX lists fourteen prohibited trading practices and ends the list with Etc. One of them is trading in one direction without what CentFX judges to be proper market analysis.

Why this matters

Clause 27.1(e) lets CentFX confiscate profit made through prohibited trading, and take it from your other accounts if you already withdrew it. You cannot know in advance which trade counts.

Exhibit 5CriticalHarder than usual14

To maintain a fair, stable, and transparent trading environment, the following (but not limited to) trading strategies and behaviors are strictly forbidden:
Clause 2. Description in Prohibited Trading Practices, p.2
Downloaded from the broker's site on Open the reference
  • Worse together with Exhibit 3The same judgement that decides a trade was abusive also freezes the withdrawal, and both decisions are described as final and binding.
05

CentFX publishes its whole site in eight languages besides English, including Hindi, Bengali, Nepali and Sinhalese. Its own footer says it does not serve residents of India.

Why this matters

If you open an account from India after reading the Hindi pages, CentFX has already written down that you are not eligible. Clause 25.1(m) then makes you warrant that no restriction applies to you.

Exhibit 6CriticalRarely seen8

Restricted Regions: CentFX Limited does not provide services for citizens/residents of USA, UAE, India, China, Cuba, Iraq, Myanmar, North Korea, Sudan.
Quoted in Legal Documents page, carrying the restricted regions and trading policy statements
Read from the broker's site on Open the reference
Our own capture of hi.centfx.com, taken on Oct 5, 2026The claim, on Hindi legal documents page on the Hindi subdomain, walking the reader into opening an accountVisit this page on the broker's siteDownload the full size image file
Our own capture of centfx.com, taken on Oct 5, 2026What the contract says, clause Restricted RegionsVisit this page on the broker's siteDownload the full size image file

Our readingMarketing a brand in a language while excluding the country that speaks it is a mismatch the landing page never shows. The academy's Hindi and Russian pages serve the same English text, and all twelve contracts exist only in English.

06

The payment methods page promises a Zero Fees Policy with no hidden charges, and a withdrawal headline of up to 2.5%. The table lower down the same page charges 4% on cards and 5% on UZcard and Humocard.

In plain words

Remuneration means payments it receives.

Why this matters

Your withdrawal can cost double the figure the page advertises. The Deposit and Refund Policy gives a third answer: no transfer fees at all for CentFX's own methods.

Exhibit 4WarningHarder than usual5%

The Company does not charge for any transfer fees for using its deposit/withdrawal methods, but intermediary banks, E wallets or gateway companies may do so, which is beyond the Company’s control.
Clause 2. Deposit Procedure in Deposit and Refund Policy, p.2
Downloaded from the broker's site on Open the reference

What it costsA $1,000 withdrawal to a Visa card at the table's 4% costs $40. The headline figure of up to 2.5% would have cost $25.

Three business days to object, and no published way to complain

Clause 18.3 makes a CentFX trade confirmation conclusive unless you object within three business days. Three documents send disputes to a Complaint Handling Policy that CentFX does not publish. The Deposit and Refund Policy lets it interpret, apply or amend the rules while deciding your case.

Challenge window3 clauses flagged

You get three business days to tell CentFX in writing that a trade confirmation is wrong. After that, clause 18.3 treats the document as conclusive.

In plain words

A manifest error means an obvious mistake by the broker.

Why this matters

The clock starts when the document reaches you, not when you spot the error. Miss it and the broker's own record of your trade becomes the agreed version.

Exhibit 8CriticalHarder than usual3 working days

Such documents shall, in absence of manifest error, be conclusive unless the Client notifies the Company in writing to the contrary within three (3) Business Days of receiving such document.
Clause 18.3 in Account Opening Agreement, p.25
Read from the broker's site on Archived copyOpen the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must accept a retail complaint and give a final answer within eight weeks, and the client then has months to take it to an independent ombudsman. This agreement closes the window after three business days.

CentFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Three documents send your dispute to a Complaint Handling Policy that CentFX says is on its website. Its legal page lists twelve documents and that is not one of them.

Why this matters

Your only route to challenge a frozen withdrawal runs through rules you cannot read. The Deposit and Refund Policy also lets CentFX amend those rules at its own discretion while it decides your case.

Exhibit 9CriticalRarely seen12

Any dispute arising with or in connection to any of the terms and conditions of the Withdrawal Policy shall be dealt by the Company as per the Company’s Complaint handling policy, which is available on the Company’s website.
Clause 4. Dispute in Withdrawal Policy, p.4
Downloaded from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must publish a complaints procedure and tell retail clients how to reach an independent ombudsman free of charge. CentFX names a complaints policy in three documents and publishes none of it.

CentFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingA broker naming its complaints policy in three contracts, and publishing eleven other policies instead, is unusual. The document that would tell you how to complain is the one that is missing.

Reporting a transaction as fraudulent can cost you a $150 research fee. An unsuccessful chargeback costs $300, and clause 32.4(d) lets CentFX seize any profits or revenues.

Why this matters

Your bank's dispute process becomes expensive to use, and the Deposit and Refund Policy asks you to give it up entirely. CentFX also informs credit bureaus, and says your rating can carry it for seven years.

Exhibit 11CriticalRarely seen$300

The Client acknowledges that the Company reserves the right to charge the Client a “150 USD research fee” in order to conclude the investigation.
Clause 32.1 in Account Opening Agreement, p.40
Read from the broker's site on Archived copyOpen the reference

Our readingCharging a client to investigate their own fraud report, then charging again when the bank decides against them, turns a consumer protection into a bill.

The fee you pay is not the fee the page advertises

CentFX advertises withdrawals at up to 2.5% and charges 4% on cards and 5% on UZcard. Withdrawing money you never traded can cost 3% or more, with no ceiling written anywhere. Clause 6.7 of the Terms of Business says the spread built into your price will not be revealed to you.

Cost disclosure1 clause flagged

Deposit, change your mind, and withdraw without trading. CentFX can then charge 3% or more of the withdrawal, and its Withdrawal Policy sets no upper limit.

Why this matters

A $5,000 deposit you never traded costs at least $150 to get back. Card withdrawals are also capped at $2,000 per transaction, so a larger balance comes back in pieces.

Exhibit 10CriticalRarely seen3%

If a Client requests to withdraw funds after no trading activity, the Company reserves the right to charge the Client an equivalent amount of any banking or other payment gateway fees incurred or 3% or more of the total withdrawal amount.
Clause 3. Withdrawal Procedure in Withdrawal Policy, p.3
Downloaded from the broker's site on Open the reference

What it costsA $5,000 withdrawal at 3% costs $150. The clause allows more than 3%, and never says how much more.

Our readingBrokers often pass on the real payment cost when a client deposits and withdraws without trading. A floor of 3% with no ceiling lets the firm pick the number after the request arrives.

  • Worse together with Exhibit 7Not trading triggers both clauses: the percentage charge on the way out, and the dormancy fee if you leave the money where it is.

CentFX takes the deposit first and verifies at the exit

Clause 4.6 lets you deposit and trade before your identity check is finished. Clause 4.8 blocks any withdrawal until CentFX approves it. At withdrawal time you get seven days to produce fresh documents, and failing to send a card copy puts your funds in CentFX's sole custody.

Verification timing2 clauses flagged

CentFX lets you fund an account and trade while your identity check is still open. Clause 4.8 says you cannot withdraw anything until CentFX approves that check.

Why this matters

At withdrawal time CentFX can ask for fresh documents and give you seven days, then cancel the request. If you cannot produce a card copy, your funds go into its sole custody until proven otherwise.

Exhibit 12CriticalHarder than usual7 days

Partially Approved Clients, are not entitled to withdraw any amount until they provide their KYC documents and their account to be Approved by the Company.
Clause 4.8 in Account Opening Agreement, p.11
Read from the broker's site on Archived copyOpen the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must finish identity checks before a retail client can deposit or trade, not when the client asks for their money back. CentFX takes the deposit first.

CentFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

CentFX lists your mobile device call log among the personal data it may collect. It asks for that permission to verify your phone number.

Why this matters

A call log shows who you speak to and when, which a phone number check does not need. CentFX keeps your records for six years after the relationship ends.

Exhibit 18WarningRarely seen

Information in relation to the client's mobile device Call log with the permission of the client.
Clause 2. Collection of Personal Data in Privacy Policy, p.5
Read from the broker's site on Open the reference

Our readingReading a client's call log is a permission a messaging app asks for, not a broker. Nothing in confirming that a number belongs to you needs the list of calls made on it.

A dormant CentFX account is charged until nothing is left

Six months of no activity starts a $5 monthly charge on your balance, and the charge grows every year you stay away. Clause 16.3 takes the whole remaining balance once it no longer covers the fee. The Withdrawal Policy adds that CentFX may freeze an inactive account instead.

In plain words

Dormancy means an account left unused.

Dormancy1 clause flagged

Six months with no deposit, withdrawal or trade makes your account dormant. CentFX then takes $5 a month from the balance, rising every year, until the balance reaches zero.

Why this matters

A forgotten $100 balance is gone in under two years. Clause 16.5 lets CentFX charge for months it missed, and clause 16.3 takes the rest once the fee no longer fits.

Exhibit 7CriticalHarder than usual$5

6 months - 1 year: a monthly Dormant Fee of 5 USD (Five US Dollars) (or the equivalent amount of the base currency of the Account at the date of the charge) on the remaining balance of the Account until the balance is 0 (zero).
Clause 16.2(a) in Account Opening Agreement, p.23
Read from the broker's site on Archived copyOpen the reference

What it costsA $100 balance loses $5 a month for the first year, which is $60. The second year costs $10 a month, so the money runs out in month 16.

Set against a regulated standard: FCA (UK)

Firms licensed by the FCA must set out a charge like this in the costs information a retail client receives before opening the account. Here the ladder sits at paragraph 86 of 179 in the account opening agreement.

CentFX is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
6 months to 1 yearA $5 monthly fee comes off the remaining balance.16.2(a)
1 to 2 yearsThe monthly fee doubles to $10.16.2(b)
2 to 3 yearsThe monthly fee rises to $20.16.2(c)
Each year beyond 3 yearsAnother $10 a month is added for every extra year.16.2(d)
Balance below the feeCentFX charges the whole remaining amount and can close the account after a termination notice.16.3

CentFX advertises what its own contract forbids

CentFX sells a $10,000 account named Arbitrage while clause 7.1 of its Terms of Business says it does not permit arbitrage. The About page promises segregated funds and no hidden fees. The risk documents say you are a general creditor and the spread is never revealed to you. The site runs in eight languages besides English, including Hindi, while the footer excludes India.

Language and claims1 clause flagged

The Arabic and English pages sell a Sharia compliant Swap Free account with no commission, at a $10,000 minimum. Clause 10.1 lets CentFX add commission fees to Islamic accounts without prior notice.

Why this matters

A carry charge on your open positions can replace the swap you avoided. The table that sets it lives in the member area, not in the contract, and clause 10.3 applies it to positions held over a month.

Exhibit 15WarningHarder than usual$10000

The Company reserves the right to apply, without prior notice, additional commission fees with respect to open positions for all instruments on any Islamic account.
Clause 10.1 in Terms of Business, p.13
Read from the broker's site on Open the reference
Our own capture of ar.centfx.com, taken on Oct 5, 2026The claim, on Swap Free account card on the Arabic account types page, marked no commissionVisit this page on the broker's siteDownload the full size image file

CentFX can change the deal by posting a note on its own site

Clause 29.1 gives one week's notice of a change, delivered by a message in a Company News section. Clause 3.2 lets CentFX withdraw any service permanently with no obligation to say why. The agreement archives an inactive account after 60 days in one clause and 90 days in another.

Unilateral control2 clauses flagged

CentFX can change the agreement with one week's notice, delivered by a message in a Company News section of its site. Clause 3.2 also lets it withdraw any service permanently without telling you why.

Why this matters

Checking that page is on you. Clause 11.1 of the Terms of Business also lets CentFX change your trading volume limits at any time with no notice at all.

Exhibit 16WarningHarder than usual

Such changes will become effective on the date specified in the notice, which will be at least one week after the Client is notified by a message posted on the ‘Company News’ section within CENTFX.com
Clause 29.1 in Account Opening Agreement, p.38
Read from the broker's site on Archived copyOpen the reference

Clause 15.2 archives a trading account after 60 days without activity. Clause 23.2(b) of the same agreement says 90 calendar days, whatever your balance.

Why this matters

Your pending orders can be deleted when it happens. Getting the account back is at CentFX's discretion, which the agreement says twice.

Exhibit 17WarningHarder than usual60 days

A Trading Account with no financial and/or trading activity for 60 (sixty) days shall be archived and any pending order older than 90 (ninety) days shall be deleted.
Clause 15.2 in Account Opening Agreement, p.22
Read from the broker's site on Archived copyOpen the reference

Five company names appear across CentFX's twelve documents

Clause 1.2 says the group consists of CENTFX LTD alone, and clause 12.11 names two more CentFX companies. The Terms of Business cover carries a Dubai firm with its own licence number, and the Deposit Policy names Cent Markets Ltd. Clause 40.1 sends any dispute to Anguilla law.

Who you contract with1 clause flagged

The agreement says the CentFX group consists of CENTFX LTD alone. Clause 12.11 then names two more CentFX companies, and the Terms of Business cover carries a Dubai firm with its own licence number.

Why this matters

You need to know which company holds your money and where you would sue. Clause 40.1 answers Anguilla, which offers retail clients no financial ombudsman.

Exhibit 19WarningHarder than usual5

The Company is part of the CENTFX LTD which consists of:
Clause 1.2 in Account Opening Agreement, p.4
Read from the broker's site on Archived copyOpen the reference

CentFX is your counterparty, and its conflicts policy does not say so

Clause 6.5 of the Terms of Business lets CentFX hold positions against yours as a market maker. Clause 6.4 lets it keep them to make trading profits. The Conflicts of Interest policy instead describes a firm acting as agent, and says it forms no part of your contract.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Who is on the other side2 clauses flagged

The About page says CentFX gives you no requotes and no dealing desk interference. Clause 6.5 of the Terms of Business says CentFX may act as market maker and hold positions against yours.

Why this matters

When CentFX is on the other side of your trade, your loss can be its income. Clause 6.4 lets it keep a position with the intention of making trading profits from it.

Exhibit 13WarningStandard wording

The Client accepts that the Company in CFD contracts where it acts as Market Maker may hold positions that are contrary to positions of the Client, resulting in potential conflicts of interest between the Company and the Client.
Clause 6.5 in Terms of Business, p.10
Read from the broker's site on Open the reference

CentFX's Conflicts of Interest policy says it forms no part of any contractual agreement with a client. The account opening agreement still treats your acceptance of it as a waiver of prior disclosure.

Why this matters

The conflict that reaches your money, CentFX trading against you as principal, is not in the policy. It describes a firm acting as agent and matching one client's order with another's.

Exhibit 14WarningHarder than usual

This document does not intend to create third party rights or duties or form part of any contractual agreement between the firm and any client.
Clause 1. Introduction in Conflicts of Interests, p.2
Downloaded from the broker's site on Open the reference

CentFX's documents name two regulators and its footer names a third

Eight CentFX documents give an Anguilla company registration and name no financial regulator. The four newest claim a Mauritius investment dealer licence, GB23201644. The website footer credits Australia's ASIC using a company number rather than a financial services licence number.

Licence picture1 clause flagged

Eight CentFX documents give an Anguilla company registration and name no regulator. The four newest claim a Mauritius investment dealer licence, and the website footer claims regulation by Australia's ASIC.

Why this matters

The company you contract with is the Anguilla one. The ASIC line gives a company number and a business number, and neither is a financial services licence.

Exhibit 20WarningHarder than usual

CENTFX GLOBAL PTY LTD, is regulated by the Australian Securities & Investments Commission with ACN number: 631 408 609, registration date of 04/02/2019 and ABN number: 14 631 408 609.
Quoted in Legal Documents page, carrying the restricted regions and trading policy statements
Read from the broker's site on Open the reference
Set against a regulated standard: ASIC (Australia)

Firms licensed by ASIC hold an Australian Financial Services Licence, quoted as an AFSL number. The footer gives an ACN and an ABN, which Australia issues to companies and businesses generally.

CentFX is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

CentFX can freeze funds for bonus abuse without publishing bonus terms

Bonus abuse is one of the grounds CentFX gives for freezing or withholding your funds. No bonus terms appear among the twelve documents on its legal page. The agreement still refers to promotions and bonus schemes it may tell you about by email.

Unwritten rules1 clause flagged

The Withdrawal Policy lists bonus abuse among the reasons CentFX can freeze or withhold your funds. No bonus terms appear on its legal page.

Why this matters

You cannot check a rule that is not written down anywhere you can reach. If CentFX runs a promotion, the conditions come by email or in the member area.

Exhibit 21NoticeHarder than usual

including but not limited to arbitrage abuse, bonus abuse, use of unauthorized systems or bots, fraudulent transactions, chargeback abuse, identity misrepresentation
Clause 4. Dispute in Withdrawal Policy, p.4
Downloaded from the broker's site on Open the reference

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

CentFX sells an account for arbitrage and its Terms of Business let it revoke arbitrage trades without notice.

Said in public, in English

Ideal for arbitrage traders with flexible conditions and efficient trade execution.

Arbitrage account card on the English account types page, $10,000 minimum deposit

In the contract · clause 7.1

The Company does not permit the practice of arbitrage on the Trading Platform. Transactions that rely on price latency arbitrage opportunities may be revoked, without prior notice.

02

The About page promises maximum protection while the risk disclosure says segregation may not protect you completely.

Said in public, in English

Your funds are held in segregated accounts with tier-1 banks, providing maximum protection.

Reputation and Security section of the English About page

In the contract · clause 4.1

The Company may be required to hold your money in an account that is segregated from other Clients and the Company’s money in accordance with current regulations, but this may not afford complete protection.

03

A no hidden charges promise sits against a clause saying the spread CentFX earns will never be revealed to you.

Said in public, in English

Zero Fees Policy - No hidden charges! Only network fees from transaction authority.

Deposit summary tile on the English payment methods page

In the contract · clause 6.7

Furthermore, the Client acknowledges, recognizes and accepts that said spread constitutes remuneration to the Company and that such spread can not necessarily be calculated for all Contracts and that such spread will not be specified at the Trade Confirmation or otherwise revealed to the Client.

04

The page caps withdrawal charges at 2.5% while the Withdrawal Policy allows 3% or more with no ceiling.

Said in public, in English

Competitive Rates - Up to 2.5% charge + Network fee

Withdrawal summary tile on the English payment methods page

In the contract · clause 3. Withdrawal Procedure

If a Client requests to withdraw funds after no trading activity, the Company reserves the right to charge the Client an equivalent amount of any banking or other payment gateway fees incurred or 3% or more of the total withdrawal amount.

05

CentFX runs a full Hindi site inviting readers to open accounts while declaring that it does not serve India.

Said in public, in Hindi

खाता खोलने से पहले, सभी आवश्यक कानूनी जानकारी प्राप्त करना और समझना बेहद ज़रूरी है। अपने खाते को नियंत्रित करने वाले नियमों और शर्तों की समीक्षा करने, उन्हें समझने और स्वीकार करने के लिए समय निकालें।

Word for word in English: Before opening an account, it is extremely important to obtain and understand all the necessary legal information. Take the time to review, understand and accept the terms and conditions that govern your account.

Hindi legal documents page on the Hindi subdomain, walking the reader into opening an account

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of hi.centfx.com

In the contract · clause Restricted Regions

Restricted Regions: CentFX Limited does not provide services for citizens/residents of USA, UAE, India, China, Cuba, Iraq, Myanmar, North Korea, Sudan.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of centfx.com

06

The academy site names five restricted countries today and the main site names nine, so India is excluded on one and not the other.

Said in public, in English

Restricted Regions: CentFX Limited does not provide services for citizens/residents of Cuba, Iraq, Myanmar, North Korea, Sudan.

Footer of the CentFX Academy site, which offers Hindi and Russian language options

In the contract · clause Restricted Regions

Restricted Regions: CentFX Limited does not provide services for citizens/residents of USA, UAE, India, China, Cuba, Iraq, Myanmar, North Korea, Sudan.

07

The Arabic page sells a Sharia compliant account with no commission while clause 10.1 allows commission fees without notice.

Said in public, in Arabic

إسلامي بدون فوائد متوافق مع الشريعة الإسلامية تداول بدون رسوم مقايضة ليلية، مصمم للمتداولين ذوي الخبرة.

Word for word in English: Islamic. No interest. Compliant with Islamic Sharia. Trade with no overnight swap fees, designed for experienced traders.

Swap Free account card on the Arabic account types page, marked no commission

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of ar.centfx.com

In the contract · clause 10.1

The Company reserves the right to apply, without prior notice, additional commission fees with respect to open positions for all instruments on any Islamic account.

08

The About page denies a dealing desk while the Terms of Business let CentFX make the market and trade against you.

Said in public, in English

Average execution speed of 0.04 seconds with 99.9% uptime. No requotes, no dealing desk interference.

Why Trade With CentFX section of the English About page

In the contract · clause 6.5

The Client accepts that the Company in CFD contracts where it acts as Market Maker may hold positions that are contrary to positions of the Client, resulting in potential conflicts of interest between the Company and the Client.

09

The footer credits an Australian company with ASIC regulation while the agreement says the group consists of the Anguilla company alone.

Said in public, in English

CENTFX GLOBAL PTY LTD, is regulated by the Australian Securities & Investments Commission with ACN number: 631 408 609, registration date of 04/02/2019 and ABN number: 14 631 408 609.

Footer of the English legal documents page

In the contract · clause 1.2

The Company is part of the CENTFX LTD which consists of:

The documents this reading is based on

17 files, all published by CentFX. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording CentFX publishes.

How this reading was done

Every clause above was read out of a document CentFX publishes itself

This reading was published on .

Documents
10 of 17downloaded from the broker's site, and 10 read in full
Pages opened
45pages walked to find those documents, footer links included
Older copies
7earlier versions downloaded, 6 identical to the copy we hold by fingerprint
Marketing pages
10public pages set against what the contract says
Languages
AR vs EN vs HIthe language it advertises in, against the language it contracts in

Who the contract is with

CENTFX LTD

You contract with CENTFX LTD, an International Business Company registered in Anguilla, and the agreement names no financial regulator for it. Clause 40.1 puts the relationship under Anguilla law. Four of the twelve documents instead claim a Mauritius investment dealer licence, and one calls the regulated firm Cent Markets Ltd. The Terms of Business cover carries a Dubai company, CENT FX FINANCING BROKER L.L.C. The website footer names CENTFX GLOBAL PTY LTD in Australia. None of those three is the company you contract with, and clause 1.2 says the group consists of CENTFX LTD alone.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

Clause 17.4 wipes a negative balance after a stop out, so a bad trade cannot leave you owing CentFX money. Few offshore brokers write that down. Clause 27.1(e) returns your original deposit even where it confiscates profit. The payment methods page publishes a fee and timing table for every method, with named banks and real percentages. All twelve legal documents download without a login.

Four of the twelve documents are published as pictures of text. They are the deposit and refund policy, the withdrawal policy, the conflicts of interest policy and the prohibited trading practices. Every quotation from them comes from the rendered pages. We report where a clause sits only for the five files that break into countable paragraphs. The contract keeps several fee tables inside the member area, behind a login. The Islamic carry charge table, the volume limits and the spreads schedule are therefore not covered. The review covers the English, Hindi and Arabic versions of the site, not the Persian, Bengali, Nepali, Sinhalese, Uzbek or Russian ones. The academy glossary never loaded its definitions. No earlier copy exists of the client agreement, the Terms of Business or the four picture documents, so we cannot say when their clauses appeared.

How to check any of this yourself

Every quote above links to the CentFX file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document CentFX publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge CentFX on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Oct 5, 2026.

If you represent CentFX and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on CentFX. Whether its licence is real and current is a separate check on the broker profile.

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