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Golden Brokers vs FXCentrum

Golden Brokers or FXCentrum – which is better for UK traders 2024? Compare Golden Brokers and FXCentrum in this detailed breakdown of their platforms, features and fees.

Golden Brokers vs FXCentrum Comparison Table 2024
Golden Brokers	FXCentrum

3.8	3.3
Golden Brokers is ranked #91 among CFD brokers.	FXCentrum is ranked #85 among CFD brokers.
Review	Review
Golden Brokers is a Malaysian headquartered forex and CFD broker established in 2016. The brand is regulated offshore by the Labuan Financial Services Authority. Retail traders can speculate on 700+ products via the MT5 platform with no commission and a choice of international payment methods.	FXCentrum is an offshore broker that offers highly leveraged, commission-free trading on diverse instruments with tight spreads. Traders can access forex, equity and commodities markets via MetaTrader 5 or the proprietary FXC platform and use the award-winning ZuluTrade platform for copy trading.
Pros
Multiple deposit methods including credit/debit card, wire transfer, Neteller and Dragonpay Deposits accepted in all major currencies, though will be converted to USD at current market rates Free demo account available to practise trading risk-free with $100,000 in virtual funds No commission when you trade forex, indices and commodities Some educational content and integrated video tutorials	Very competitive pricing with no commissions and spreads from 0.2 pips Flexible trading platform options with the popular MetaTrader 5 as well as a bespoke platform Good selection of forex, stocks and commodities to trade with over 3000 instruments Personal 'retention manager' assigned to account holders Great suite of educational content for beginners Low starting deposit of just $10 Copy trading via ZuluTrade
Cons
High trading fees with average spreads of 4 pips for major currency pairs such as the GBP/USD Weak regulatory oversight from the LFSA raises safety concerns No proprietary trading platform or mobile application Reports of customers' funds being withheld No live chat support	Few educational resources or additional tools for advanced traders Bonuses have difficult withdrawal requirements Clients from USA and Poland not accepted Monthly withdrawal charges No MetaTrader 4 platform Monthly inactivity fee Offshore regulation
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
CFDs, Forex, Stocks, Commodities	CFDs, Forex, Stocks, ETFs, Commodities
Bonus
	$160 no deposit bonus
Demo Account
Yes	Yes
Minimum Deposit
$100	$10
Payment Methods
Credit Cards Debit Card Neteller Wire Transfer	AstroPay Credit Cards Debit Card Mastercard Perfect Money Swift Visa Wire Transfer
Minimum Trade
0.01 Lots	0.1 Lots
Regulator
LFSC	SFSA
Mobile Apps
iOS & Android	iOS & Android
iOS App Rating
3.3
Android App Rating
3.3
Margin Trading
Yes	Yes
MetaTrader 4
No	No
MetaTrader 5
Yes	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	Yes
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	Yes
Copy Trading Platform
	Copy trading is available via the award-winning ZuluTrade platform. There are over 100,000 registered users and master traders, providing an array of trading opportunities and strategies to follow.
Social Trading
No	Yes
Trade Signals
MT5 integrated	Yes
VPS Hosting
No	No
Tournaments
No	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	Yes
Account Currencies
USD	USD EUR
Commodities
Oil Silver	Cocoa Coffee Gold Silver Oil Copper Gasoline Platinum Aluminium Nickel
CFD
Trade 700+ products as CFDs on the powerful MetaTrader 5 platform. Access leverage up to 1:100 on major forex pairs with a 50% stop-out level on the standard account.	Trade commission-free CFDs on 3000+ instruments from forex, stock and commodities markets with volumes starting from 0.1 lots, a low minimum deposit of $10 and tight floating spreads. The selection of CFDs beats most competitors.
Leverage
1:100	1:1000
FTSE Spread
5	2.0
GBPUSD Spread<
3	0.4
Oil Spread
0.1	0.05
Stocks Spread
Variable	Variable
Forex
Speculate on 60+ major, minor and exotic currency pairs such as EUR/AUD, USD/JPY and EUR/GBP with leverage up to 1:100. Fees are not the most competitive, with average spreads of between 3 and 5 pips for major forex pairs.	Trade 50+ forex pairs including popular majors and minors with very high leverage available up to 1:1000. Gold, silver, palladium and platinum pairs with USD are also available.
Assets
62	50+
GBPUSD Spread
3	0.4
EURUSD Spread
3	0.2
EURGBP Spread
4	0.5

Golden Brokers	FXCentrum
Review	Review
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