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CentreForex Review

January 5, 2021 by Forex Winner Leave a Comment

CentreForex

CentreForex is a company that provides several Forex-related services like PAMM-management, analysis, and signals.

Detailed Forex Robot Review

The slider welcomes us with much information, so we took screenshots to describe them:

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CentreForex presentation
  • All signals are generated on the main account.
  • They have all the required attributes: Entry Price, Stop Loss, and Take Profit.
CentreForex - signals
  • The company delivers signals every day before the London Market opening.
  • They can be delivered via Email, Facebook, Telegram, and Skype Chat.
  • We can expect to receive from 4 to up to 8 signals daily.
  • The monthly profits should be over 1000 pips.
  • Signals are generated for six symbols including Gold.
CentreForex features
  • Trading results are verified by myfxbook.
  • The company has more than a 15-year experienced team.
  • They provide a list of the best brokers.
CentreForex features
  • There’s a welcome and knowledgeable 24/5 support.
  • We have to invest only $3000 to get started with a PAMM account.
CentreForex pips counter
  • There’s a pips counter that shows us that most of them were gained on Gold.
CentreForex pips counter

The company stopped publishing trading results because the EA was stopped as well.

CentreForex Strategy Tests

There’s no special strategy behind the system because the EA is a scam. Checking trading results we’ve noticed that all huge profits were traded using Arbitrage software.

Real Account Trading Results

CentreForex Myfxbook

We’ve got a demo USD account on the plate. The EA traded on Range Markets using technical indicators with 1:300 leverage on the Metatrader 4 platform. The account has a verified track record. It was created on September 13, 2016. The deposit was set at $117207. Since then, the absolute gain has become +4553.59%. An average monthly gain was 7.68%. The maximum drawdown was high as well – 28.24%.

CentreForex advanced statistics

The robot closed 2072 deals with 83515 pips. An average win was 232.11 pips when an average loss was -217.45 pips. The win-rate was between 55% and 59%. An average trade length was one day. The Profit Factor was 3.00.

CentreForex trading results

As we can see, most pips were gained on XAU/USD (83474 pips and $3492179). The rest symbols just have converted the Arbitrage scheme from a broker.

CentreForex trading results

It traded mostly during European trading hours.

CentreForex trading results

The less traded days were Monday (283 deals), Wednesday (416), and Friday (412).

CentreForex trading results

The robot traded with medium risks to the account balance. There’s a 2.31% chance to lose 10% of the balance.

CentreForex trading results

As we can see from the trading results sheet, Gold was traded with 200 Lot Sizes when others with 3-11 Lot Sizes.

CentreForex monthly gain

The CentreForex’s EA was stopped, and now, the account is dead. RIP. These results have inspired no one. It’s not a big deal at all because it was a demo one.

Pricing

The monthly subscription costs $250. It’s a scam price. Signals from MT4 cost $30-$40. More professional ones cost up to $150 monthly. Any of them costs $250 monthly.

Customer Reviews

CentreForex statistics

The company said there are 2458 registered clients. As for that big community, there should be much feedback on the web.

CentreForex Customer Reviews

There’s a page on Forex Peace Army with connected and stopped accounts.

CentreForex Customer Reviews

The developers posted a fake comment that was restricted by the FPA forum policy.

Review Summary

CentreForex is a scam service that focuses on PAMM and Signal services. Both of them were related to trading results from the demo account.

The EA (software) has got profits, having performed an Arbitrage strategy that is illegal. It can work only for the master account because of latency.

Copy-trading arbitrage trades has never made anyone profitable. The EA was stopped over a week ago. So, this was the end.

Advantages
No pros
Disadvantages
No team revealed
No settings explanations provided
No money-management advice given
No backtests provided
Horrible trading results
All profits were got by trading an Arbitrage strategy
Demo account trading results
The EA was stopped a week ago
Insane pricing
No money-back-guarantee provided
No people testimonials provided
3

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Filed Under: Forex Signals

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