eXcentral is a brand name of Mount Nico Corp Ltd., a successful investment firm, headquartered in Limassol, Cyprus. With its years of experience in the financial markets, the company wants to provide innovative and easy-to-use trading tools for a broad range of CFD traders based across the European Economic Area.
Among the main benefits, it would be critical to note the diversity of CFD instruments, different trading platforms and account types, customer support and the educational resources available.
As compared to other brokerage brands operating offshore, eXcentral stands out in terms of regulation. The brand is regulated by the Cyprus Securities and Exchange Commission, with CIF license number 226/14. At the same time, it is registered with multiple European regulators, such as Finland’s FSA, Germany’s BaFIN, Netherlands’ AFM, Spain’s CNVM, and others.
Providing regulated trading services is an important requirement for a European brokerage house and it also offers plenty of benefits for the end user. eXcentral is compliant with the ICF (Investor Compensation Fund) and ESMA (European Securities and Markets Authority).
eXcentral Asset Coverage
Considering eXcentral covers CFDs based on forex, indices, commodities, shares, and cryptocurrencies, its customers can either focus on a particular asset class or gain diversified exposure to a basket of different instruments.
Retail and professional account holders can take advantage of different conditions, especially when it comes to maximum leverage. For FX trading, the maximum leverage for retail customers is capped at 1:30 for major pairs and 1:20 for the others, while professional traders can take advantage of an up to 1:400 FX trading leverage.
Traders can trade BTCUSD with eXcentral as well as other large cryptocurrencies such as Bitcoin Cash, Ether, Litecoin, and XRP – all against the US dollar and with 1:2 leverage (retail) or 1:5 leverage (professional).
There are 160+ CFDs available, which means the broker is focusing solely on the most popular assets. CFDs based on some of the hottest stocks and indices have been covered, and traders can take advantage of the volatility in the commodities market.
Trading conditions are influenced by the account type chosen, as well. Classic, Silver, Gold, and VIP accounts carry different features regarding spreads and access to several premium trading features (Trading Central, dedicated senior account managers, etc.).
Access to the markets is granted via trusted trading software. eXcentral currently supports the popular MetaTrader 4 and on top of that, offers a proprietary WebTrader. Both solutions can be used on any type of device, including mobile. Funding an account with the broker is possible via any of the four methods supported: credit/debit cards, wire transfers, Skrill, and Neteller.
Education and Trading Analysis
Learning the basics of trading as well as gaining access to multiple trading analysis tools is another big benefit when trading with eXcentral. Its customers can take advantage of free trading education, educational webinars, interactive courses, trading eBooks, trading video tutorials, and live webinars.
The list of eXcentral trading analysis tools includes market summaries, daily chart analysis, an economic calendar, trading calculators, and live market summaries. Gold and VIP accounts benefit from the popular technical analysis tool Trading Central. Provided by a 3rd party, it is currently trending among retail traders and most of the large brokerage houses offer support.
Customer Support Services
eXcentral provides customer support in English via multiple channels, including live chat, email, and phone. All customers get free support, regardless of their account type or initial deposit. However, Gold account holders benefit from the support of a dedicated account manager and VIP accounts from the support of a dedicated senior account manager.
For any technical difficulty or trading-related matter, customers can contact a representative and get a reply fast, during working days. The live chat feature on the website is very useful even for people who have not yet registered for an account. That’s where they can get insightful information about the services provided by eXcentral and figure out if this is the right broker for them to work with.
- Support for CFDs based on some of the leading cryptocurrencies
- Innovative and user-friendly trading platforms available
- Professional customer support services
- Only 5 cryptocurrencies are currently covered by eXcentral
- Maximum leverage is capped for retail account holders
- Premium trading analysis tools not available for all customers
The Bottom Line
eXcentral is a well-regulated broker carrying the advantage of a solid reputation in the online trading field. Its customers are able to benefit from a broad range of resources suited for both beginner and advanced traders, specifically tailored for the uncertain and volatile period the markets are in right now. Based on our analysis and the feedback given by multiple registered customers, there is no doubt that eXcentral is a reliable brokerage brand, working on behalf of traders all the time.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.65% 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. Please read our Risk Disclosure document.