Centre Forex is a company that claims to have more than 10 years of trading experience in the Forex market. It provides many services like PAMM, education, signals, analysis, and more. Today in this Centre Forex review, we will talk about signals and their efficacy for trading. 

Centre Forex presentation

Centre Forex: Characteristics

Trade alerts are sent twice a day via the website, Facebook, Skype, or email. We are uncertain why the team that stands behind this signals service company provides so many different sources. However, we may guess that they do it to reach as many customers as possible. It ensures a fair amount of accessibility, which is not always required but is a big benefit and an extra step, which have to be noticed. 

  • The team behind Centre Forex Signals points out the main features of their signals service:
  • Their team has over 15 years of experience in financial markets
  • They provide a list of brokers to work with
Centre Forex list of brokers
  • They provide live trading results  verified by 3rd party websites
  • For the PAMM account, the developer charges fees only from profits, if there are no profits, then fees are not charged respectively
  • The company provides a high watermark trading policy
  • They use SLs of 30-100 pips and pre-defined TPs
  • Their analysts send signals that work on a 1:1 risk-reward ratio and maximum SL of 100 pips
  • Their system generates signals for these currency pairs: EUR/USD, GBP/USD, USD/CHF, EUR/JPY, XAU/USD, and others
  • Payment Gateway is SSL, PCI Compliance, Norton&McAffee Secured
  • 24/5 customer support
Centre Forex Characteristics

Currency Pairs, Strategy & Timeframe

The devs tell us: ‘all signals come with Entry Value, Stop loss Value, Target and Profit Value’. 

Centre Forex Strategy

They do not go into details about their trading approach, but they try to convince us that they have good knowledge and great experience in the Forex market.

Centre Forex Currency Pairs

The Centre Forex trades 5 currency pairs at a time. The devs think that this approach with reasonable risk tolerance (1%-2% in a single trade and 5% in overall portfolio) are the main requirements to use their service successfully. They want traders to know that losses will happen and if they are not ready for it, they do not recommend them to join this service.

Centre Forex

Centre Forex Trading Performance

We have not found any backtesting results on their website. Therefore, we have no opportunity to analyze the trading strategy or compare their past trading results with the ones we have today. 

Currently, the Centre Forex Signals provides a single Demo trading account verified by myfxbook.com.  

Centre Forex myfxbook

Let’s analyze what we see. This is a live Demo account, which works with the Range Markets brokerage on the MT4 platform with 1:300 leverage. The account was added on September 13, 2016. The developer trades manually. This account has shown normal gains for over 4 years of trading. Its initial deposit was $50000 (total deposit equals $117207.29). The total gain equals 4536.1%, while the absolute gain is 5963.37%. This discrepancy in the absolute gain and the gain percent looks odd. The monthly gain is 7.67%. The peak drawdown was 28.24%. For 4 years of trading, the developer has earned over $3,5M of profit. 

Centre Forex myfxbook

Centre Forex Signals has completed 2072 trades and 83515 pips. The system has brought 1188 out of 2072 trades winning trades, which represents 57%. Average win is higher than the average loss: $232 vs $217. The average trade length is 1 day. Win-rate is between 55% and 59%. The profit factor is high and equals 3. 

Centre Forex trading results

The dev trades multiple currency pairs: AUDCHF, GBPCHF, EURJPY, EURCAD, XAUUSD, USDJPY, GBPUSD, and many others.  

Most of the trades were performed with GBPUS (437 trades), USDCHF (295 trades), EURUSD (426 trades), EURJPY (277 trades), and XAUDUSD (608 trades). The most successful currency pair is ZAUDUSD ($3492179 of profit), while the less profitable one is GBPUSD (-$71999). 

It is how Arbitrage looks like: 

Centre Forex trading results

EURUSD and GBPUSD cover arbitrage trades of XAUUSD and SPX500.

The system trades daily with the highest trading activity at 9 a.m (316 trades) and 10 a.m (324 trades). 

Centre Forex trading results

The less traded day is Monday:

Centre Forex trading results

The trading activity of the system is horrible. It has lost many trades in a row:

Centre Forex trading results

The difference between Lot sizes looks suspicious:

Centre Forex trading results

This year the system has had only 1 month with a boom in terms of monthly profit growth. It was in April 2020 (356,9%):

Centre Forex monthly gain

Since September 2020, Centre Forex Signals has brought only losses. 

How much does it cost?

Centre Forex Signals is available for a daily or monthly subscription plan. Paying $250/month or $500/92 days is too much in comparison with the other signal providers, which are currently available on the Forex marketplace.

Centre Forex price

Unfortunately, there is no info concerning the money-back guarantee. 

Reviews from customers

Centre Forex Signals has a profile on FPA with 2 customer reviews and 3 discontinued trading accounts:

Centre Forex Reviews from customers

The 5 star rating review was removed because of the FPA violation policy. 

Centre Forex Reviews from customers

Should You Use Centre Forex EA?

No prosUndisclosed trading strategy
The dev provided a Demo account
Lack of vendor transparency
Arbitrage featured trading results
Poor trading results since September 2020
Extremely High price
No money-back-guarantee provided
Fake customer reviews


Centre Forex Signals is not a good signals server to invest. Its price is high and productivity is poor. From September 2020 the system has shown only losses. They use Arbitrage to make huge account gains, hoping that inexperienced traders or people with small trading experience won’t check their trading history. The devs use a very dangerous trading approach to attract customers. It is a scam service that neither costs its price, not the time you spend on ‘trading’ with it.