A brand name of Mount Nico Corp Ltd, eXcentral is a forex and CFD broker, regulated by CySEC and following the MiFID II directive. Since its headquarters are in Limassol, Cyprus, the services are designed for traders within the European Economic Area and Switzerland. By a slight glimpse of the eXcentral website, it’s apparent that this brand designed a very comprehensive trading offer.
Diversification is one of the keywords describing this broker and our eXcentral Review will dig deeper into the instruments available, trading software, account types, and some other trading features that can help traders along their journey.
eXcentral Trading Platforms
Starting with the platforms, eXcentral is a forex and CFDs broker relying on the popular software MetaTrader 4. Backed by 15 years of existence, MT4 continues to be one of the most used platforms, mainly because it provides a broad range of tools, including interactive charts, 30 built-in technical indicators, EAs compatibility, and multiple execution modes.
On top of it, customers can benefit from a Web Trading Platform designed by eXcentral. It comes with multi-view options, risk management tools, support for all underlying assets, and at the same time, it is available in mobile versions for Android and iOS.
This means eXcentral is attentive to the latest demands and ensures traders can keep a close eye on the market, via these apps, or using the MT4 mobile version. With so many different platform possibilities available, there is an option for any type of trader, regardless of its trading style and strategy.
When it comes to the assets, the offer is again diverse. The eXcentral forex trading offer includes tens of different currency pairs (majors, minors, and exotics) available for trading with up to 1:30 leverage (for retail traders) and up to 1:400 (for professional traders).
Traders can benefit from the leading FX pairs (EURUSD, GBPUSD, or AUDUSD) with small spreads, while also placing trades on some less-known pairs like ZARJPY, USDPLN, or NZDCAD. Considering most retail traders start with the FX market, eXcentral made sure that this would be the best part of its offer.
Alongside the FX products, at eXcentral traders can get involved in a selection of 12 indices from all around the world, 19 different commodity instruments (agricultural, energies, industrials, or precious metals), tens of different popular shares, and five leading cryptocurrencies (BCHUSD, BTCUSD, ETHUSD, LTCUSD, and XRPUSD).
eXcentral Account Types
Due to compliance with the MiFID II directive, eXcentral clients are split into retail and professional. This rule will create differences in terms of maximum leverage and other trading benefits they can receive. However, regardless of the category, all clients can choose between 4 different account types:
Although trading conditions are relatively the same, there are some differences in terms of spreads and trading benefits for Gold and VIP account holders. Among the most important resources, we need to mention that eXcentral provides access to educational resources and assistance from a dedicated account manager.
In terms of funding methods, clients can make deposits denominated in USD, EUR, or GBP. They can use a credit/debit card, Skrill/Neteller, or a wire transfer. The minimum amount for all of them is 250 in the currency chosen.
For withdrawals, passing the verification process is mandatory. The stages of verification include providing proof of ID, proof of residence, a complete assessment of appropriateness, and verifying the payment method.
Trading Features by eXcentral
eXcentral stands out when it comes to trading technology and educational resources. Clients can benefit from market summaries, daily chart analysis, market news, educational of VIP webinars, depending on the account type chosen.
At the same time, there is a very efficient customer support service available via live chat, email, or phone 24/7. This isn’t something common among online brokers, most of them provide support only during business days.
Also, the compliance with the European regulated represents another great strength of eXcentral, an FX and CFDs broker that puts the law above anything else.
Traders based in the EEA or Switzerland can find in eXcentral a reliable trading partner, considering the brand is backed by a well-known Cyprus Investment firm. Authorized and regulated to provide trading services across Europe, eXcentral seeks to be the first step into the world of financial assets, allowing clients access to a broad range of FX tools and other instruments, including shares, commodities, indices, and cryptocurrencies.
Considering its compliance with regulation, the diverse and competitive trading offer, as well as premium customer care services, eXcentral is a broker you can trust. There are plenty of registered customers providing good feedback on the broker and that’s a major indicator for the level of quality available. For more information about what eXcentral can offer, feel free to check its official website.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.42% 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.