eXcentral Review

Broker	eXcentral
Website URL	https://eu.excentral.com/
Founded	2019
Headquarters	Andrea Zappa & Makedonon 4, Honey Court V, 1st floor, Office 11A, 4040 Limassol, Cyprus
Support Number	+357 24 024022
Support Types	phone, email, live chat
Languages	10 languages supported
Trading Platform	WebTrader, MT4, mobile apps
Minimum 1st Deposit	$250
Minimum Account Size	$250
Bonus	No bonus
Leverage	up to 1:30 (retail) and 1:400 (professional)
Spread	variable
Free Demo Account	yes
Regulated	Regulated by CySEC
Account Types	Classic, Silver, Gold, VIP
Deposit Methods	Credit/Debit card, Wire transfer, Skrill, Neteller
Withdrawal Methods	Credit/Debit card, Wire transfer, Skrill, Neteller
Number of Assets	160+
Types of Assets	Forex, Shares, Indices, Commodities, and Cryptocurrencies
US Traders Allowed	No
Mobile Trading	Yes
Tablet Trading	Yes
Overall Score	95

Company Overview

eXcentral is a CFD brokerage brand, owned by Mount Nico Corp Ltd, a Cyprus Investment Firm authorized and regulated by CySEC. Retail traders need to make a distinction between eXcentral EU, the branch operating for the European Economic Area, and eXcentral International, a branch regulated by the Financial Sector Conduct Authority (FSCA) of South Africa. 

Thanks to its global outreach, this is a provider currently offering diversified CFD trading services, addressing the needs traders have in 2021. Some countries, such as the Netherlands and the United Kingdom, can’t open accounts with eXcentral, but overall, the broker has customers from all around the world. 

On top of the solid regulatory background, eXcentral has managed to build a competitive trading offer, given financial market conditions are extremely attractive for CFD trading. Let’s see what the main reasons are why retail traders are joining the ranks of this company. 

Trading Software

Establishing trader confidence is key for this broker, which is why MT4 is part of the eXcentral platform offer. This is a solution with a long track record, and since millions of traders have been using it for years, sceptics shouldn’t have any reason to doubt the reliability of this platform. With the help of built-in indicators, EAs, and a very user-friendly interface, traders using MT4 can manage their accounts and spot new trading opportunities across a broad range of CFDs. 

Designed to improve the trading experience, eXcentral’s WebTrader is the second platform of choice, integrating similar features as MT4, but accessible via browser without any installation required. 

In terms of the Android/iOS app, traders have two options: they can either choose the eXcentral Trading App which offers a similar user interface as the WebTrader,  or they can download the mobile version of MT4.  Regardless of choice, both solutions serve as reliable tools when managing an account on the go. 

Account Types

Each trader can pick his favourite account type, out of 4 options currently available at eXcentral:

• Classic account
• Silver account
• Gold account
• VIP account

To provide competitive conditions for all customers, the broker has assembled an attractive offer, including competitive spreads, negative balance protection, free support of educational resources. Some customers, based on the account type chosen, will be able to benefit from a dedicated or senior account manager. 

The deposit methods currently accepted by eXcentral are credit cards, Skrill, Neteller, and wire transfers. For all of these, the minimum deposit amount per transaction is 250 USD/EUR/GBP. Traders will also need to consider the maximum daily/monthly amount for credit card deposits. There are no limits to the other payment methods. 

For withdrawals, the method chosen must match the one used for the deposit. Deposits and fees are valid according to the Company’s Withdrawal Policy. 

Asset List

A list of 160+ CFDs awaits for traders looking to sign up for an account with eXcentral. The derivatives are based on Forex, indices, commodities, shares, and cryptocurrencies, some of the most actively traded instruments by both retail and institutional players. 

Traders in the EEA will benefit from retail and professional trading terms, having a different cap on the maximum leverage based on their prior trading background. eXcentral has a laser focus on the assets that have proven to be suitable for retail CFD traders and continues to upgrade them as needed. 

Customer Service and Education

eXcentral offers professional customer care via a team of highly skilled and trained individuals. If you want to get in touch with the eXcentral support team, you can use the live chat, email, phone, or even request a callback. 

Education is another area where the broker excels. The eXcentral interactive courses need a special mention, given this is not seen too often. Also, webinars, seminars, and the support granted by account managers will provide personalized education, based on each customer’s needs. Depending on the account type chosen, traders will benefit from multiple other premium educational features, on top of those available for all customers. 

Summary

There are no doubts about whether eXcentral is a trusted brand. Authorized and regulated by CySEC and FSCA, the broker is transparent, offering secure trading capabilities for its growing audience. Those who are currently looking for a new broker to work with should take a closer look at what eXcentral has to offer, given many of the features are promising. The combination of optimized tools and favourable conditions in the financial markets should incentivize more traders to join the ranks of eXcentral. 

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.15% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.