Overall eXcentral can be summarised as a credible and trustworthy broker with an overall rating of 7 out of 10. eXcentral is authorized and regulated by CySEC and offers leverage up to 1:30 retail/1:400 professional.
eXcentral at a Glance
| 🔎 Broker's Name | eXcentral |
| 📍 Headquartered | Cyprus |
| 📅 Year Founded | 2019 |
| ⚖️ Regulating Authorities | CySEC, FSCA |
| 🌐 Countries not accepted for trade | United States, Canada, Japan, Australia, Israel |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | No |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:30 retail/1:400 professional |
| 💰 Minimum Deposit | $250 / R4013,83 USD/ZAR at the time of writing). |
| 💳 Deposit Options | Debit/Credit Card Bank wire transfer Skrill Neteller |
| 💳 Withdrawal Options | Debit/Credit Card Bank wire transfer Skrill Netelle |
| 💻 Platform Types | MetaTrader 4, EXcentral web platform |
| 📱 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | Forex Indices Shares |
| 👨💼 Languages supported on Website | English, Italian, German, Dutch, Spanish, Czech |
| 👥 Customer Support Languages | English, Italian, German, Dutch, Spanish, Czech |
| 📆 Customer Service Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit
USD 250
Regulators
CySEC, FSCA
Trading Platform
MT4, Excentral Web Platform
Crypto
Yes
Total Pairs
11
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our eXcentral review below.
eXcentral Review – 22 key points quick overview
Advanced traders will enjoy the customizable approach and advanced trading features.
eXcentral Overview
eXcentral is a well-regulated broker based in Cyprus that was recently established in 2019. Fairly new to the Forex market, eXcentral offers secure trading, MetaTrader 4, and access to a good variety of assets, including cryptocurrencies.
eXcentral strives to provide a friendly trading environment with good customer support, while pricing is competitive with commission-free trading available on most instruments.
History and headquarters of EXcentral
eXcentral was recently established in 2019 and is headquartered in Cyprus, a popular European trading hub. eXcentral is regulated in Europe by CySEC, and internationally by the Financial Sector Conduct Authority (FSCA) of South Africa.
Awards and recognition
When a broker has won numerous awards and indicates such on their website, it often instills more confidence in the broker as an industry leader and provides it with a good reputation in its solutions and services provision.
eXcentral was only recently established in 2019. Due to its short operational history, the broker has not yet listed any awards on its website to date.
eXcentral Safety and Security
EXcentral is a very well-regulated Forex broker that can offer traders a prominent level of safety and security.
EXcentral uses Secure Sockets Layer (SSL) technology with 128-bit encryption along with firewalls to ensure the highest possible protection for your banking transactions.
Mount Nico Corp Ltd, the parent company of EXcentral, is a Cyprus Investment Firm (CIF) and is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 226/14.
As a regulated broker, EXcentral remains compliant with EU regulation, which brings the broker under the auspices of the Markets in Financial Instruments Directive (MiFID).
As per licensing requirements regarding deposit security, EXcentral segregates client money with top-tier financial institutions and is also a member of the Investor Compensation Fund.
The global entity of EXcentral (OM Bridge Pty Ltd) is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa.
eXcentral Sign-up Bonus
eXcentral does not offer a welcome bonus to traders who register for a real account. As a well-regulated Forex broker, EXcentral is restricted from offering bonuses and promotions by the Cypress Securities and Exchange Commission (CySEC).
As a general explanation, a bonus can be best understood as a way of compensating traders for having decided to open an account with a chosen broker.
Once an account has been opened with a Forex broker, clients will have access to trading of currency pairs, and will therefore have to incur some expense for this trading. The bonus is just a way for the broker to reward the trader’s choice and give all or some of these expenses back to the trader.
New traders should note however that bonuses are not available on demo accounts, though many brokers do offer the opportunity to sign up for a free demo contest, with prizes available.
eXcentral Minimum Deposit
The minimum deposit amount required to open a broker account with EXcentral is $250 / (R4013,83 USD/ZAR at the time of writing). This is not the lowest minimum deposit requirement in the industry, with most brokers requiring between $10 and $100.
However, it should be accessible to most new traders in the industry today.
eXcentral Step by step guide to depositing the minimum amount
Depositing into your account with EXcentral consists of the following steps:
Step 1 – Log in
If you wish to deposit funds in your trading account, simply Log in
Step 2 –Make the deposit
make sure you have completed the registration and verification process.
Step 3 – Review your transaction
Click on the button ‘Deposit’, and choose the best deposit option for you
Min Deposit
USD 250
Regulators
CySEC, FSCA
Trading Platform
MT4, Excentral Web Platform
Crypto
Yes
Total Pairs
11
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
eXcentral Account Types
There are four account types offered at EXcentral: Classic, Silver, Gold, and VIP. The broker does not offer a demo account, nor is an Islamic swap-free account available for traders of the Muslim faith.
To become a verified client, eXcentral will request the following verification documents, issued in the name of the account holder:
Valid Proof of ID – Photo identification, including passport (both pages need to be seen), ID card (front and back sides), or driver’s license (front and back sides).
Valid Proof of residence, issued within the last 6 months – Confirm that you are a resident of the country accepted by eXcentral, with the following documents:
Bank or credit card statement (electronic PDF copies accepted), recent utility bill, (water, electricity or telephone bill, internet, council tax). We do not accept Mobile Phone Bills.
Verify your payment method by sending a color picture of both sides of your credit/debit card, clearly showing the first 6 and last 4 digits of the Credit/Debit Card Number visible. Make sure the CVV and backside are covered.
E-wallet (Skrill, Neteller) – please send a screenshot of such e-wallet showing your name, email, and e-wallet ID made from your computer.
eXcentral Account Features
Classic Account
Leverage – Up to 1:400
Spreads (Indicative): 2.5 pips
Swaps Discount Period: None
Instruments: all assets
Margin Call: 100%
Stop Out: 20%
Minimum Volume Per Trade: 0.01
Maximum Volume Per Trade: 50
Negative Balance Protection: Yes
Free Support: Yes
Free Trading Education: Yes
Educational Webinars: None
Full Account Overview: None
VIP Webinars: None
Dedicated Account Manager: None
Dedicated Senior Account Manager: None
Silver Account
Leverage – Up to 1:400
Spreads (Indicative): 2.5 pips
Swaps Discount Period: None
Instruments: all assets
Margin Call: 100%
Stop Out: 20%
Minimum Volume Per Trade: 0.01
Maximum Volume Per Trade: 50
Negative Balance Protection: Yes
Free Support: Yes
Free Trading Education: Yes
Educational Webinars: Yes
Full Account Overview: Monthly
VIP Webinars: None
Dedicated Account Manager: None
Dedicated Senior Account Manager: None
Gold Account
Leverage – Up to 1:400
Spreads (Indicative): 1.8 pips
Swaps Discount Period: Available
Instruments: all assets
Margin Call: 100%
Stop Out: 20%
Minimum Volume Per Trade: 0.01
Maximum Volume Per Trade: 50
Negative Balance Protection: Yes
Free Support: Yes
Free Trading Education: Yes
Educational Webinars: Yes
Full Account Overview: Monthly
VIP Webinars: Yes
Dedicated Account Manager: Yes
Dedicated Senior Account Manager: None
VIP Account
Leverage – Up to 1:400
Spreads (Indicative): 0.9 pips
Swaps Discount Period: None
Instruments: all assets
Margin Call: 100%
Stop Out: 20%
Minimum Volume Per Trade: 0.01
Maximum Volume Per Trade: 50
Negative Balance Protection: Yes
Free Support: Yes
Free Trading Education: Yes
Educational Webinars: Yes
Full Account Overview: Weekly
VIP Webinars: Yes
Dedicated Account Manager: Yes
Dedicated Senior Account Manager: Yes
Min Deposit
USD 250
Regulators
CySEC, FSCA
Trading Platform
MT4, Excentral Web Platform
Crypto
Yes
Total Pairs
11
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
eXcentral Demo Account
Unfortunately, EXcentral does not offer a demo account to new traders. This is very unusual, with nearly all brokers today offering some version of a practice account.
Traders with EXcentral can open a live account which will grant them access to the MetaTrader 4 platform.
In the absence of a demo account, it is recommended that traders who are new to the MT4 platform software take advantage of the free webinars available from MetaQuotes, as well as on the internet.
Unfortunately, EXcentral also does not offer much in the way of education, of either a technical or fundamental nature, outside of that which can only be accessed after opening an account with the broker.
Therefore, beginner traders will have to first educate themselves on the various aspect of trading elsewhere before choosing to sign up with this broker.
eXcentral Islamic Account
EXcentral does not offer an Islamic Account to traders of the Muslim faith. This is a drawback to such traders, as an Islamic Account fulfills an important purpose, as outlined in more detail below.
Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law.
With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide.
Essentially, an Islamic forex trading account charges no swap or rollover interest on positions held overnight in the forex market. An administration fee is, however, charged on some accounts to open positions.
How to set up an eXcentral Demo Account – Step by Step
Unfortunately, EXcentral does not offer a demo account to new traders. This is very unusual, with nearly all brokers today offering some version of a practice account.
A forex demo account is also referred to as a practice account, which is used for practicing trading or to test a new trading strategy without any risk to actual money.
A forex demo account is also intended for beginners to get familiar with the various aspects of trading.
As such, a demo account will allow traders to learn how to place orders, and manage existing trade positions as well as more advanced functions such as testing or fine-tuning a trading strategy.
If you are new to trading, then it is highly recommended that you first open a forex demo account until you are comfortable with both your trading strategy as well as the intended trading platform itself.
eXcentral Trading Platforms
Trading with EXcentral is provided on either the industry-leading MetaTrader 4 platform or the broker’s own proprietary trading software.
The EXcentral MT4 platform comes with compatible Expert Advisors and can be customized to the user’s liking, with access to 30 built-in technical indicators, 3 execution modes, 4 order types, and interactive charts with 9 timeframes.
The MT4 platform can be downloaded for Android and iOS and has a user-friendly and widely accessible interface that will please most types of traders.
The proprietary eXcentral Trader platform has a multi-view option and allows users to trade on over 160 underlying assets, with the additional use of stop loss and take profit features.
eXcentral Fees and Spreads
Traders with EXcentral can expect the following spread list:
Spreads start around 2.5 pips for EUR/USD in the Classic account and $0.10 for crude oil. Spreads drop to around 0.9 pips with the VIP account.
While this may be higher than spreads charged by other brokers, commissions are included in the spread for Forex.
That said, the commission is charged on equities and cryptocurrencies, which are charged at 0.8% of the asset’s notional value.
Min Deposit
USD 250
Regulators
CySEC, FSCA
Trading Platform
MT4, Excentral Web Platform
Crypto
Yes
Total Pairs
11
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
eXcentral Deposits and Withdrawals
When evaluating brokers, the ease with which deposits and withdrawals can be made is another imperative factor to consider.
Regulation plays a key part where client funds are concerned as funds that are kept in segregated accounts must be available for withdrawal at any given time when a request is made by the trader and subsequent owner of the trading account.
The minimum deposit amount required to open a broker account with EXcentral is $250 / R4013,83 USD/ZAR at the time of writing). This is not the lowest minimum deposit requirement in the industry, with most brokers requiring between $10 and $100.
However, it should be accessible to most new traders in the industry today.
EXcentral provides a limited, though popular selection of deposit methods. These consist of:
Bank wire transfer
Debit and credit card
Neteller
Skrill
In terms of deposit security, Mount Nico Corp Ltd, the parent company of EXcentral, is a Cyprus Investment Firm (CIF) and is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 226/14.
As a regulated broker, EXcentral remains compliant with EU regulation, which brings the broker under the auspices of the Markets in Financial Instruments Directive (MiFID).
As per licensing requirements regarding deposit security, EXcentral segregates client money with top-tier financial institutions and is also a member of the Investor Compensation Fund.
The global entity of EXcentral (OM Bridge Pty Ltd) is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa.
With regards to deposit currencies, you can make a deposit in one of the following currencies: EUR, USD, GBP, CHF, JPY, RUB, or ZAR (Rand). Traders depositing in currencies not listed here will incur conversion fees.
While EXcentral does not charge deposit fees, withdrawal fees are charged at 3.5% for cards and Neteller, 30 in the chosen currency for wire transfer, and 2% for Skrill.
eXcentral Best Countries by Traders
| 🌎 Country of Trade | 📌 % of Traders |
| 🥇Russia | 45.71% |
| 🥈 Kenya | 39.73% |
| 🥉Philippines | 14.56% |
eXcentral vs Etoro vs XM – Comparison Table
| 🔎 Broker | 🥇eXcentral | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | $250 / R4013,83 USD/ZAR at the time of writing). | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | No | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1:30 retail/1:400 professional | 1:400 | 1:888 |
| 💵 Currency Pairs | 11 | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
eXcentral Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “eXcentral is entered into Google’s search engine over a given period of time.
eXcentral Customer Reviews
Nice time with you have you really…
Nice time with you have really understood and enjoyed your time with me taking me over how to make a successful trade…
Thank you…
I love it
I think excentral is great and has helped me out a lot, this new platform is amazing and, I wanna keep using it and learn more about trading.
Thank you to Maksim’s account manager for getting me back on track.
The first time trading with this…
The first time trading with this company was a letdown as I traded without guidance but getting support from my account manager, Maksim, has been an extremely rewarding experience. The support I have received and the guidance I have gotten has definitely warranted a 5-star rating. I would definitely recommend anyone to join this company, especially with my personal experience. Thank you, Maksim for your support, looking forward to learning more from you.
eXcentral Pros and Cons
| ✔️ Pros | ❌ Cons |
| Commission-free trading available on some instruments | No demo account available |
| Broad selection of live accounts | No Islamic Account available |
| High leverage available | |
| Well-regulated broker |
Conclusion
Overall, eXcentral can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads.eXcentral offers secure trading, MetaTrader 4, and access to a good variety of assets, including cryptocurrencies.
Disclaimer
EXcentral warns potential customers that Forex and CFDs trading carries a substantial risk and may not be suitable for all investors.
Before deciding to trade with EXcentral, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
EXcentral warns that margin trading involves the potential for profit as well as the risk of loss.
Movements in the price of foreign exchange and commodities are very unpredictable, hence EXcentral cannot guarantee the maximum loss that a trader may suffer.
You might also like: EXcentral Account Types Overview
You might also like: EXcentral Demo Account – Step by Step
You might also like: EXcentral Fees and Spreads
You might also like: EXcentral Minimum Deposit
You might also like: EXcentral Sign-up Bonus
Risk Management
eXcentral Risk Management is likely a financial company or software solution that provides risk management services or tools for businesses or individuals. This could include identifying potential risks, assessing their impact, and implementing strategies to mitigate or manage those risks.
Without more context, it’s not possible to provide a more specific answer.
Frequently Asked Questions
Is eXcentral a fake or scam broker?
No, we find eXcentral to be a legitimate and highly trustworthy broker.
What are the advantages of trading with eXcentral?
One of the advantages of trading with CFDs is the use of leverage and margin, which makes the cost of entering a position much lower.
Which trading platforms are supported by eXcentral?
We give you the world’s number 1 trading platform. Download MT4.
What is the overall rating for eXcentral?
With a rating of 4.2 on Trustpilot, eXcentral appears to be well-revered by its users. Most users are happy with their trading conditions
What type of broker is eXcentral?
eXcentral is a very well-regulated forex broker that can offer traders a prominent level of safety and security.
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