Overview of Centris Capital AG
Centris Capital AG, established in 2018 and based in the United Kingdom, operates as an unregulated entity, offering two primary account types: the Standard Account and the VIP Account. The Standard Account requires a minimum deposit of €1,000, while the VIP Account commands a higher entry point of €50,000. Both account types offer leverage, with the Standard Account allowing up to 1:200 and the VIP Account providing higher leverage, up to 1:500.
The trading environment showcases variable spreads, commencing from 0.8 pips on major pairs like EUR/USD across a range of tradable assets encompassing forex, CFDs on indices, commodities, and cryptocurrencies. Traders access these markets through user-friendly platforms—MetaTrader 4 (MT4) and WebTrader.
Is Centris Capital AG legit or a scam？
Centris Capital AG operates without regulation from any overseeing authority, sparking concerns about transparency and oversight within the exchange. Unregulated platforms lack the protective measures and legal assurances provided by regulatory bodies. This absence of oversight heightens the risk of fraud, market manipulation, and security breaches. Users might encounter difficulties seeking redress or settling disputes in the absence of proper regulation. Furthermore, the lack of regulatory scrutiny contributes to a less transparent trading environment, making it challenging for users to evaluate the exchange's legitimacy and reliability.
Pros and Cons
Pros:
1.Diverse Asset Options: Centris Capital AG offers a wide array of trading assets, including forex, CFDs on indices, commodities, and cryptocurrencies. This diversity enables traders to explore various markets and diversify their investment portfolios, catering to different trading preferences and strategies.
2. Competitive Spreads: The platform provides competitive spreads, particularly on major currency pairs like EUR/USD. These competitive spreads contribute to potentially lower trading costs for users, allowing them to execute trades at more favorable prices.
3. User-Friendly Platforms: Centris Capital AG offers user-friendly trading platforms like MetaTrader 4 and WebTrader. These platforms are known for their intuitive interfaces, advanced charting tools, and accessibility across multiple devices, enhancing the overall trading experience for users.
4. Range of Payment Methods: The platform supports multiple payment methods, including bank transfers, credit/debit cards, and e-wallets. This variety of payment options offers flexibility for users to fund their accounts and withdraw funds using their preferred methods.
Cons:
1.Lack of Comprehensive Education Resources: Centris Capital AG lacks comprehensive educational resources such as detailed user guides, video tutorials, live webinars, and informative blogs. This absence can hinder new users' ability to learn about the platform and trading strategies, potentially leading to difficulties in navigating the system and making informed trading decisions.
2. Absence of Regulated Oversight: The platform operates without regulation from a financial authority. The absence of regulatory oversight may raise concerns for some traders about transparency, security, and the availability of recourse in case of disputes or irregularities.
3. Limited Customer Support Options: Centris Capital AG might have limited customer support avenues, which can affect the accessibility and responsiveness of their support team. A lack of diverse support channels may potentially delay issue resolution or hinder timely assistance for users.
4. Potential Withdrawal Fees: While deposits might be free, Centris Capital AG might impose fees for certain withdrawal methods or transactions below a specified threshold. These potential withdrawal fees could affect users' overall trading costs and impact their decisions regarding fund withdrawals.
Market Instruments
Centris Capital AG offers a diverse range of trading assets that include:
1.Forex (Foreign Exchange): Trading in currency pairs, allowing investors to speculate on the exchange rate movements between different currencies.
2. CFDs (Contracts for Difference) on Indices: Contracts reflecting the performance of various stock market indices, enabling traders to profit from price fluctuations without owning the underlying assets.
3. Commodities: Trading opportunities in raw materials such as gold, silver, oil, agricultural products, etc., allowing investors to speculate on their price movements.
4. Cryptocurrencies: Trading in digital currencies like Bitcoin, Ethereum, Litecoin, and others, providing opportunities for investors to capitalize on the volatility and price changes in the cryptocurrency market.
These assets offer a wide spectrum of investment opportunities across different financial markets, catering to various trading preferences and strategies.
Account Types
Centris Capital AG offers two distinct account types: the Standard Account and the VIP Account, tailored to meet the diverse needs of traders.
Standard Account (Retail):The Standard Account is designed for retail traders seeking a comprehensive yet accessible trading experience. It offers leverage of up to 1:200, allowing traders to magnify their positions. Spreads are variable, starting from 0.8 pips on major currency pair EUR/USD, enabling competitive trading opportunities. There are no commissions charged per trade, fostering a cost-effective approach. A minimum deposit of €1,000 is required to open this account, making it an entry point for traders of various levels.
VIP Account (Professional):For seasoned and high-volume traders, the VIP Account offers an elevated trading experience. It provides increased leverage of up to 1:500, allowing for more substantial positions in the market. Spreads are even tighter than the Standard Account, ensuring more favorable pricing. The commission structure is negotiable, offering flexibility based on trading volumes and preferences. However, a higher minimum deposit of €50,000 is required to access this exclusive account type. VIP Account holders enjoy priority processing for withdrawals, ensuring swift access to their funds.
How to Open an Account？
Here's a step-by-step guide to opening an account with Centris Capital AG:
1.Visit the Centris Capital AG Website:
Access the official Centris Capital AG website using a web browser.
2. Account Registration:
Click on the “Sign Up” or “Register” button prominently displayed on the website. Fill in the required information accurately, including personal details such as name, email address, country of residence, and contact information.
3. Account Selection:
Choose the preferred account type from the options provided, such as the Standard Account or VIP Account, based on your trading preferences and experience level.
4. Submit Documentation:
Complete the verification process by submitting the necessary identification documents. This typically includes a government-issued ID (such as a passport or driver's license) and proof of address (like a utility bill or bank statement).
5. Deposit Funds:
After successful verification, fund your trading account by selecting a suitable payment method offered by Centris Capital AG. The minimum deposit required varies depending on the chosen account type.
6. Start Trading:
Once your account is verified and funded, you can access the trading platform provided by Centris Capital AG. Log in using the credentials created during the registration process and start trading across various financial instruments available on the platform.
Remember, each step may involve specific details and procedures outlined by Centris Capital AG. It's crucial to carefully follow their instructions and comply with their requirements to ensure a smooth account opening process.
Leverage
Centris Capital AG offers varying maximum leverage levels based on the chosen account type:
1. Standard Account:The maximum leverage available for the Standard Account is up to 1:200. This leverage allows traders to amplify their positions by up to 200 times their initial investment.
2. VIP Account: For the VIP Account, Centris Capital AG provides a higher maximum leverage of up to 1:500. This increased leverage enables traders to take larger positions in the market, amplifying their potential profits or losses by up to 500 times the initial investment.
It's important to note that while higher leverage can magnify potential profits, it also increases the level of risk as losses can also be magnified. Traders should carefully consider their risk tolerance and use leverage prudently in their trading strategies.
Spreads & Commissions
Centris Capital AG offers competitive spreads and commissions based on the chosen account types. The Standard account presents variable spreads, kicking off from 0.8 pips on major currency pairs such as EUR/USD, providing traders with a competitive starting point for their transactions. Notably, this account type operates on a commission-free basis, charging €0 per trade.
On the other hand, the VIP account introduces tighter spreads compared to the Standard, though still variable in nature. Additionally, the commission structure for the VIP account is negotiable, offering traders the possibility of tailoring their cost structures based on their trading volumes and preferences.
The exact spreads and commission rates can vary depending on market fluctuations, asset types, and trading conditions. Traders should refer to Centris Capital AG's official documentation or contact their support team for the most current and detailed information regarding spreads and commissions for specific instruments and account types.
Trading Platform
Centris Capital AG provides its clients with two robust and user-friendly trading platforms: MetaTrader 4 (MT4) and WebTrader.
MetaTrader 4 (MT4):
Advanced Features: MT4 is a widely recognized and popular trading platform known for its extensive range of tools and features. It offers a user-friendly interface combined with advanced charting capabilities, technical analysis tools, and customizable indicators.
Automated Trading: Traders can utilize Expert Advisors (EAs) on MT4, allowing for automated trading strategies based on pre-set parameters and algorithms.
Multiple Asset Classes: The platform supports trading across various asset classes, including forex, commodities, indices, and cryptocurrencies.
Security and Reliability: MT4 is known for its stability, security, and fast execution of trades, providing a reliable trading environment for users.
WebTrader:
Accessible Anywhere: WebTrader is a web-based trading platform accessible via a web browser without requiring any downloads or installations. This makes it convenient for traders to access their accounts from different devices, including desktops, laptops, or mobile devices.
Intuitive Interface: It offers a user-friendly interface with a range of trading tools, live charts, technical analysis features, and real-time market updates.
Trading Flexibility: WebTrader allows traders to place and manage trades, view account information, and analyze markets directly from their web browser.
Cross-Device Compatibility: Since it's web-based, traders can seamlessly switch between devices while retaining access to their trading accounts.
Both platforms, MetaTrader 4 and WebTrader, cater to traders of various levels, offering them a comprehensive set of tools and resources to analyze markets, execute trades efficiently, and manage their portfolios effectively. Traders can choose the platform that best suits their preferences and trading style.
Deposit & Withdrawal
Centris Capital AG, being a wealth management firm, does not offer traditional deposit and withdrawal methods like online wallets or credit cards. Instead, they focus on facilitating investments and managing assets for their clients.
Clients can transfer funds to Centris Capital AG for investments through several methods, including:
Bank Transfers: This is the most common and preferred method, allowing for secure and reliable transfers of large sums.
Wire Transfers: Similar to bank transfers, wire transfers offer swift and secure movement of funds but may incur higher fees.
Third-Party Custodian Transfers: If a client's assets are held by another custodian, Centris Capital AG can facilitate a transfer directly from the custodian to their account.
Payment Processing Time:
The processing time for transferring funds to and from Centris Capital AG depends on the chosen method. Bank transfers and wire transfers usually take 2-5 business days, while third-party custodian transfers may take longer depending on the custodian's procedures.
Customer Support
Centris Capital AG prides itself on responsive customer support, offering assistance through various channels. Their dedicated team ensures timely resolution of queries and concerns, fostering a client-centric approach. From account-related inquiries to technical support, clients can rely on their efficient and knowledgeable support staff. The customer service email, support@centriscapitalag.com, serves as a direct communication link, allowing clients to reach out with specific issues or questions, receiving prompt and personalized assistance to enhance their trading experience.
Educational Resources
Centris Capital AG falls short in providing adequate educational resources, posing challenges for new users in navigating the platform and mastering cryptocurrency trading. Absent from their offerings are essential tools like a comprehensive user guide, instructive video tutorials, live webinars, and informative blogs.
The absence of these resources creates hurdles for novices, impeding their ability to grasp the platform functionalities and effectively engage in cryptocurrency trading. This deficiency may result in errors and financial losses, potentially dissuading newcomers from further participation in trading activities. A robust set of educational materials is pivotal for empowering users, fostering confidence, and reducing barriers to entry in the dynamic realm of cryptocurrency trading.
Conclusion
Centris Capital AG offers a diverse range of trading assets and competitive spreads, complemented by user-friendly platforms and a broad spectrum of payment methods.
However, notable disadvantages include the absence of comprehensive educational resources, raising hurdles for new users in mastering the platform and trading strategies. Additionally, the lack of regulated oversight and potential withdrawal fees pose concerns regarding transparency, security, and overall trading costs. While the platform presents enticing features, the absence of robust educational resources and regulatory oversight could potentially limit user confidence and accessibility, warranting careful consideration for traders seeking a balanced trading environment.
FAQs
Q: What trading assets are available on Centris Capital AG？
A: Centris Capital AG offers forex, CFDs on indices, commodities, and cryptocurrencies for trading.
Q: Is there a minimum deposit required to open an account？
A: Yes, the minimum deposit varies based on the account type, starting from €1,000 for the Standard Account.
Q: What trading platforms does Centris Capital AG provide？
A: Centris Capital AG offers MetaTrader 4 (MT4) and WebTrader as its primary trading platforms.
Q: Are there fees for withdrawals on Centris Capital AG？
A: There might be potential withdrawal fees, depending on the chosen withdrawal method or transaction size.
Q: Does Centris Capital AG provide educational resources for traders？
A: Currently, Centris Capital AG lacks comprehensive educational resources like guides, tutorials, or webinars.
Q: Is there customer support available on Centris Capital AG？
A: Yes, Centris Capital AG offers customer support; however, the available support options might be limited.
