eXcentral EU is a brand name belonging to Mount Nico Corp Ltd – a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission with CIF license number 226/14, and eXcentral International is a South African CFD broker owned and operated by the investment firm OM Bridge PTY which is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP License Number 48296.
The broker is relatively new and puts a lot of emphasis on Forex education. When trading with eXcentral, traders get some of the most competitive spreads in the industry and plenty of educational material including free webinars.
|⚖️ Regulations||CySEC, FSCA|
|💰 Type of broker||ECN/STP|
|💰 Minimum Deposit||$250|
|💰 Maximum Leverage||1:400|
|📊 Type of platform||MetaTrader 4|
|💳 Deposit with credit card||Yes|
|👛 Depositing with wire transfer||Yes|
|🎮 Demo account provided||No|
|🛍️ Instruments traded||CFDs, Commodities, Metals, Stocks, Oil, Gold, Indices|
Regulation and Security
As previously mentioned, OM Bridge PTY, the owner and operator of eXcentral International, is authorized and regulated by the South African Financial Sector Conduct Authority (FSCA) under FSP license number 48296. The FSCA itself is a rather new regulator which was established on April 1st,2018, following the Financial Sector Regulation Act (FSR Act) which was signed into law on August 21st, 2017; its predecessor, the Financial Services Board (FSB), was split into the FSCA and the Prudential Authority (PA).
The FSB faced heavy criticism as it failed to prevent significant scandals and disasters in the South African pension sector. It was further accused of favortism, harsh and bizarre interactions with financial services providers and excessive legal and administrative charges. It is fair to state that the now-dissolved FSB was a failure as a regulator, but traders and business owners remain optimistic that the newly-formed regulator will be more efficient and honest.
That being said, every trader needs to assess each regulator from their own perspective to ascertain whether they are comfortable with the regulation provided.
On the other hand, Mount Nico Corp Ltd, the operator of eXcentral EU , is regulated by the Cyprus Securities and Exchange Commission. The CySEC was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity, and CySEC is now one of the most popular regulatory bodies for Forex brokers.
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Traders at eXcentral are not charged any SWAP fees over the weekend, but x3 every Wednesday for all the Forex and metals pairs, and Friday for all the other assets. Swap fees are flexible and may vary from asset to asset which is why traders are always advised to check the information on the broker’s site. In the table below, you can see the swaps of all your favourite commodities.
Furthermore, the Broker charges its customers a monthly maintenance fee of 10 USD/EURO/ GBP, as well as an inactivity fee which is indicated below.
Other fees can be found in the table below.
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What Can I Trade
eXcentral offers more than 160 assets, ranging from currency pairs, metals, shares, indices etc. This constitutes a satisfactory asset selection, suitable for new traders who are starting in their first trading account.
Little information is provided regarding the trading condition, slippage, and spreads, so we couldn’t confirm any real time trading conditions.
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While eXcentral offers four account types on their website, Classic, Silver, Gold, and VIP, after taking a closer look this narrows down to just two account types. The only difference between Classic and Silver are educational webinars that are offered for free on their website. Therefore, the classification between Classic and Silver is pointless, especially since trading conditions are the same with a maximum leverage of 1:400 for https://excentral-int.com/ and a starting spread in the EUR/USD at 2.5 pips.
The Gold account offers an improved spread, 1.8 pips on the EUR/USD, with all other trading conditions the same; some other additions such as a full account overview and VIP webinars are added to give the upgrade relevance. The VIP account offers the best spreads, EUR/USD at 0.9 pips, making this the only account type we can recommend. According to representatives of eXcentral, the primary difference in the account types is in the spreads available as well as the education opportunities offered. Leverage is fixed for all account types, and negative balance protection is available for all account types. The primary benefit of the VIP account is a weekly review from an account manager and the lowest possible spreads, starting at 0.9 pips.
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eXcentral offers two trading platforms; a proprietary platform and an app, as well as the well-known MetaTrader 4. The company’s proprietary platform sets it apart from many other new brokers who simply offer out-of-the-box alternatives. The eXcentral platform can be viewed in the Trade Area section on the broker’s website. Benefits of the company’s proprietary platform include provision of required margin prior to entering the trade, a more organized list of assets, and a clear list of the asset’s price highs and lows. Trades of other traders are also provided in the proprietary platform so that traders can see what other traders are doing. MT4 indicators are also available in eXcentral’s proprietary trading platform.
The MetaTrader 4 platform is a solid trading platform if modified properly, and it would have been nice if this broker offers some upgrades for free as the out-of-the-box platform lacks important features. Given the significant investment which was made by third parties into the MT4 infrastructure, this can be turned into a powerful trading terminal with full support for automated trading solutions.
The only image of the eXcentral Trading Foundation platform is here:
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Unfortunately, this brokerage doesn’t seem to offer many unique features, perhaps because of its youth. This isn’t necessarily a negative for traders who are looking for a no-frills broker with a straightforward MT4 execution.Back to Top
Research and Education
eXcentral offers a research and education section; its chart analysis, as well as trading videos, are provided by a third-party, MTE Media which is a leader in the financial education market and provides extensive research. It is nice to see that eXcentral took a serious step in the right direction when it comes to partnering with a provider who can deliver quality services for traders at all levels.
The research section consists of the following four categories: “Market News”, “Economic Calendar”, “Chart Analysis” and “Trading Calculators.” The Market News section is a collection of market commentary provided throughout the trading sessions; the commentary is brief, but does provide an overview of recent highlights.
The Economic Calendar is your basic calendar which can be found online. It lists all economic events of the day and has an indicator based on the expected impact.
The chart analysis section only lists ten assets and consists of a chart taken from the MT4 trading platform with support and resistance levels as well as the expected direction.
eXcentral offers the following four trading calculators: “Deal Size Calculator”, Fibonacci Calculator”, “Pivot Calculator” and “Margin Calculator”.
eXcentral’s education section consists of three categories, “eBook page”, “Trading Video”, and “Trading webinars”. The eBook page consists of four eBooks which are eight pages long and make for a short, comfortable read.
The Trading Video section offers an extremely positive surprise by this broker, with full, comprehensive content provided by MTE Media. Six main categories are filled with a total of 46 videos which is a great feature for traders to access. Registration is required to view the videos.
The frequency of webinars varies month-to-month; at the time of this eXcentral review, there were four in the month.
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Ideally, no trader should ever require customer support unless there is an emergency. It is great to have a dedicated team in place and as we have learned so far, eXcentral claims they do. Support is offered via live chat on each page. Traders may also request a call-back, which is a great feature, or send an e-mail. Support hours are not mentioned, but normal business hours should be expected.
The call-back function lacks a field for the phone number; traders who need assistance need to provide it in the message box. This should not present a big hassle if you are aware of the need.
There is a sparse FAQ question that consists of four categories and answers three questions in each category.
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Bonuses and Promotions
eXcentral International offers a 50% bonus to traders. Interested traders may want to contact customer support to obtain detailed information about this promotion.
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Opening an Account
Account registration is conducted through an online application form, which is the industry standard. eXcentral mentions over 160 assets, two trading platforms and four account types on the account registration page.
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Deposits and Withdrawals
eXcentral offer wire transfers, credit/debit cards, Skrill and Neteller. The minimum deposit appears to be $250 or currency equivalent. Details about processing time or fees can be found in the General Fees area, under Legal. Withdrawals are only processed in verified accounts which is in line with AML requirements.
The deposit limits in place are from Visa and Mastercard and not implemented by eXcentral.
Copies of credit cards and screenshots of Skrill/Neteller accounts are requested.Back to Top
- Broker's Name : Excentral
- Headquarter : Cyprus
- Regulation : CySEC, FSCA
- Type of Broker : Market Maker
- U.S. Clients Allowed :
- Minimum Deposit : 250$
- Maximum Leverage : 1:400
- Commissions / Spreads : both
- Account 1 : Classic
- Account 2 : Silver
- Account 3 : Gold
- Account 4 : VIP
- Demo Account :
- Islamic Account :
- Segregated Account :
- Managed Accounts :
- Institutional Accounts :
- Deposit Options :
- Withdrawal Options :
- ETFs :
- CFDs :
- Commodities :
- Metals :
- Stocks :
- Oil :
- Gold :
- Binary Options :
- Indices :
- Type of Platform : MetaTrader 4
- Platform Languages :
- OS Compatibility :
- Trading Signals :
- Charting Package :
- Market Analysis :
- Chart Trading :
- Automated Trading :
- Scalping :
- Hedging :
- Mobile Alerts :
- E-mail Alerts :
- Trailing Stops :
- Guaranteed Stop Loss :
- Guaranteed Limit Orders :
- Guaranteed Execution :
- One-click Execution :
- OCO Orders :
- Interest on Margin :
- Web-based Trading :
- Mobile Trading :
- Website Languages :
- Support Hours : 24/7
- E-mail Support :
- SMS Support :
- Chat :
Where is eXcentral based?
eXcentral is headquartered in Gauteng, South Africa and in Limassol, Cyprus.
How does eXcentral make money?
eXcentral-int.com earns its money from spreads and as a counterparty from clients losses. As an STP broker, eu.excentral.com will profit from the difference between the spread that they charge their clients and the spread that they are able to get from their liquidity provider(s).
How can I deposit into an eXcentral account?
Traders can deposit into their eXcentral trading account through bank wires, credit/debit cards, Skirll and Neteller.
What is the minimum lot size at eXcentral?
The minimum trading size is 0.01 lots.
When does a margin call take place at eXcentral?
eXcentral initiates a margin call at a 100% equity margin level and a stop out at 50% for the EU brand and 20% for the South African brand.
Is eXcentral regulated?
OM Bridge PTY, the owner and operator of eXcentral-int.com , is authorized and regulated by the South African Financial Sector Conduct Authority (FSCA) under FSP license number 48296 and eu.excentral.com is regulated by regulated by the Cyprus Securities and Exchange Commission with CIF license number 226/14.
What is the maximum leverage offered by eXcentral?
The maximum leverage is 1:400.
How do I open an account with eXcentral?
eXcentral has an online application form which is the standard operating procedure.
Does eXcentral offer the MetaTrader Trading Platform?
Yes, eXcentral offers the MT4 trading platform.Back to Top
eXcentral is a relatively new broker that has been around as a brand since 2019. The broker pays a lot of emphasis on Forex education including webinars, 1 on 1 sessions with its market analyst, as well as trading videos and ebooks. On the other hand, there are some high fees in several of the trading accounts; only the VIP account offers a mediocre environment. Asset selection is OK for new traders who get started in their first trading account.
We expect to see many of the website’s rough edges smoothed out in the coming weeks, to truly highlight the potential of this fledgling Forex broker.Back to Top
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