Centre Forex Review

Dec 8, 2020 03:19 PM ET
Centre Forex Review

Making use of a trading service to assist with your Forex trading is a wise move. But you need a reliable and professional service for the best results. Among the various Forex trading services that claim to deliver appreciable performance, Centre Forex boasts of a set and forget trading system. This automated trading system claims to limit your loss with its trading signals. A systematic approach is used by this service to help experienced and newbie traders trade efficiently. Are the claims of this automated trading service true? Read on to know our experts’ perspective of this system and its reliability.

Table 1 Centre Forex


Fully-automated EA


$250 per month


Technical Price action

Compatible Platforms


Currency Pairs

All currency pairs



Recommended Min. Deposit


Recommended Deposit



from 1:300


Trading Strategy Explanation

According to the vendor information, Centre Forex uses experienced money management traders and analysts for providing accurate Forex signals. The alerts are dependent on pending orders and sent twice a day with a risk to reward ratio of 1:1 and stop losses at 30 pips to 100 pips range. This system uses preset profit levels. Signal alerts are sent via Skype, Facebook, Email, and via this Centre Forex website too.  

Other important features include compatibility with any broker and duration of trades being intraday, short term, and long-term trades. Trading criteria is 0.01 lot size for every $500. As per the vendor information, the strategy used is pure technical price action and manual trades on the major trend lines, support, resistance, and fibno. We could not find any other information on the strategy used. This limited information does not help in assessing the efficacy of this system.

Besides providing Forex Signals, the service also provides managed accounts and analysis reports services. 

Backtest Data Analysis

We could not find any backtesting results on the site. Backtests help to evaluate how effective the strategy used is. Despite the strategy tests being just historical data that are not predictive of future performance, they do assist in knowing about the working mechanism and the results give insight into the trading performance. 

Live Trading Data Analysis

Table 2 Trading Results

Myfxbook Account

Demo (USD), Range Markets


September 2016















Trading results of the Centre Forex system are displayed on the Forex Signals section of the website. We found a demo live account that does not have a verified track record but the trading privileges are verified. From the screenshot of the myfxbook verified results, we could find the gain is 4545% and the absolute gain is 5980.39%. This discrepancy in the absolute gain and the gain percent looks suspicious. We also found the drawdown to be a bit high. A total of 2066 trades have been completed with lot sizes that range from 15.00 to 30.00. From the huge lot sizes, the low monthly gain is not surprising with just the month of April showing a high gain percent and the months from September to December 2020 showing losses.

Centre Forex Myfxbook


Centre Forex trading results

Centre Forex monthly gain

We have found real account trading results of the managed account that has a verified track record and trading privileges. But a similar discrepancy in the absolute gain and gain percentage is seen in this result shown below with a higher drawdown of 33.59%. The trading history is hidden so we could not assess the type of trades and lot sizes in particular.

Centre Forex Myfxbook

Pricing and Refund

Centre Forex is available at a monthly subscription plan of $250. Considering that most of the automated Forex systems cost less than this for a lifetime license, this amount is exorbitant. And the vendor does not offer any refund which is another shortcoming in this service that traders need to mull over.

Review Summary


  • Myfxbook trading results

  • Guarantee of 1000 pips


  • Trading result performance looks suspicious

  • Strategy used is not explained clearly

  • Expensive price


For a system that has been working for over two decades, we could not find sufficient proof of the performance that Centre Forex claims to deliver. For starters, the trading results look too good to be true. In particular, the large gains and discrepancies in the absolute gain and gain percent indicate a high-risk strategy. Speaking of strategy, we could not find a proper explanation of the strategy used. The absence of backtests and the expensive price further add up to the list of shortcomings in this automated service. In short, we do not recommend this service.

Rating: 3.8/10

  • Features: 4/10
  • Functionality: 4.5/10
  • Performance: 3.5/10
  • Price: 3/10
  • User feedback: 4/10



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