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EXcentral Review: Unveiling Everything About EXcentral Brokerage

Overview of Regulated Excentral

Embark on a trading journey with EXcentral, a reputable FX firm based in Cyprus. Specializing in CFDs and FX, this esteemed company is guided by its parent entity, Mount Nico Corp Ltd. 

An intriguing discovery from our EXcentral review is that its parent company also oversees other brokers. EXcentral holds a license issued by the CySEC. This valuable certification enables them to provide services not only within Cyprus but also throughout the EU. Read on to discover more details in our EXcentral review. 

General information
Name: eXcentral 
Regulation status: Regulated Broker, CySEC
Warnings from Financial Regulators: No official warnings
Website link:
Active since: 2019
Registered in: Limassol, Cyprus
Contact info: +357 25 008 133, [email protected]
Trading platforms: MT4, WebTrader
Majority of clients are from: the United Kingdom, the United States, South Africa, Germany, and Cyprus
Customer support: Yes, email, live chat
Compensation fund: Yes

EXcentral: Regulation and Fund Security

Discover the mysteries of eXcentral, a reputable brokerage firm powered by Mount Nico Corp Ltd in Cyprus. Registered with CySEC, the esteemed financial regulator, they hold license number 226/14, allowing them to provide financial services throughout the European Union. 

To expand globally, Mount Nico Corp Ltd partners with OM Bridge (PTY) Ltd to serve clients outside the European Union. Furthermore, note that eXcentral International is registered with the esteemed South African Financial Sector Conduct Authority (FSCA).

This broker operates in various countries. These are the United Kingdom, the United States, South Africa, Germany, and Cyprus.

Tip: Discover Libertex, a regulated broker also authorized by CySEC. It joins trusted brokers like eXcentral. With its strong regulatory oversight, Libertex offers reliable and secure trading.

Available Trading Assets at EXcentral

At eXcentral, you can explore a diverse spectrum of trading instruments through their inventive trading platform. They offer the opportunity to trade CFDs on six major asset classes. That includes currency pairs, commodities, indices, stocks, ETFs, and crypto. 

With access to these various markets, you can invest and diversify your trading portfolio. EXcentral aims to provide a comprehensive trading experience, allowing you to explore the potential of these different asset classes.

Trading Platforms Available and Their Advantages

Explore EXcentral’s trading platforms and their unique advantages. With the widely recognized MT4 platform, you’ll experience familiarity and advanced automated options. The proprietary WebTrader platform offers one-click trading and asset alerts. 

Enjoy comprehensive risk management tools and a popularity bar for enhanced analysis capabilities. Further, EXcentral provides valuable market analysis, including signals and analysis by their in-house experts. Make informed trading decisions with these robust platforms.

MetaTrader 4 Platform

EXcentral includes the widely recognized MetaTrader 4 platform. MT4 is the industry standard for online FX and CFD brokers. This platform’s popularity provides investors with familiarity and comfort with various brokers. 

It offers advanced automated trading options, allowing users to implement complex strategies. Besides, the platform provides powerful charting tools to make well-informed trading decisions.

WebTrader Platform

Besides MetaTrader 4, eXcentral also provides a proprietary WebTrader platform. It offers convenient features such as one-click trading and asset alerts. You can access the WebTrader platform through their web browser or by downloading the app on their iOS or Android devices. The platform includes the following: 

  • Comprehensive risk management tools and 
  • A popularity bar to enhance analysis capabilities.

EXcentral’s platform includes valuable market analysis features. The market summary section provides trading signals for forex pairs. Signals can be informative, but should not be relied upon for trading decisions. The broker’s in-house analysts study selected assets, accessible to all clients.

Demo Account

EXcentral’s platform integrates powerful charting tools powered by TradingView. It offers traders over 100 indicators and seven chart styles for technical analysis. 

Demo accounts and account verification are also available on the platform. This is a big advantage to all potential clients. 

Tip: Noor Capital is a regulated broker that shares similarities with eXcentral. It offers a secure and transparent trading environment.


Enhance your trading education with MTE Media, a valuable resource available on eXcentral’s platform. Access to an informative economic calendar allows traders to remain updated on upcoming economic events. 

With this calendar, you can easily compare projected impact levels with the actual impact of past events. Stay informed about key economic indicators and make more informed trading decisions. Take advantage of MTE Media’s comprehensive resources and stay ahead in your trading journey.

Mobile Trading App

To cater to traders on the go, eXcentral provides a free mobile version of their platform. 

It provides real-time charts for all assets and offers order execution options, like the web version. Traders can use the same charting tools and technical indicators on mobile devices.

General Trading Environment

EXcentral lacks transparency when educating potential clients. Information about spreads and leverage is not available on their website. Users must set up a demo account to access this information.

Writing our eXcentral review, we found that the broker’s spreads were unremarkable. For instance, the EUR/USD currency pair had a spread of 1.8 pips at the time of our review. Traders evaluating a broker based on this spread typically expect closer to 1.0 pips.

Furthermore, the spreads shown in the demo account appeared for the Gold accounts. That indicates that Classic and Silver account holders would have even wider spreads.


One alarming discovery was that eXcentral offers traders leverage of up to 1:400. This is higher than the 1:30 limit imposed by ESMA for brokers operating within the European Union. That raises doubts about the broker’s compliance and intentions.

Higher leverage increases trading risk. A leverage ratio of 1:400 is excessive for all but experienced investors. Traders who take on such high risks are likely to suffer significant losses without understanding the consequences.


Besides spreads and leverage, they impose various fees on their users. For instance, after two months of inactivity, the broker charges an $80 monthly fee, and all accounts incur a $10 monthly maintenance fee.

These are only fees that the broker discloses. What’s more, there may be other undisclosed fees that users must pay.


EXcentral assigns an account manager to each newly created account, which initially seems beneficial. But, many users have reported unpleasant experiences with these managers. They claim that managers aggressively pressure them to increase their deposits.

Clients have many contact options to reach the broker, including phone, email, and live chat. Besides, there is a contact form available on the website to request a callback.

EXcentral maintains a robust presence on social media platforms such as Facebook, Twitter, Instagram, and YouTube.

Understanding Earnings and Withdrawals

EXcentral includes a wide variety of deposit methods. These are credit and debit cards, bank transfers, and popular online payment processors like Skrill and Neteller. The same methods apply to withdrawals.

To start a withdrawal, traders must undergo a confirmation process. This process involves providing eXcentral with an ID card, proof of address, payment processor details, and an “assessment of appropriateness.”

Yet, many users encountered significant difficulties during verification. They also faced challenges when withdrawing.

Deposit Bonus

Bonuses are compensation offered by brokers to traders who open an account with them. When traders open an FX account, they incur expenses for trading currency pairs. The bonus serves as a reward from the broker, returning some or all of these trading expenses to the trader.

New traders should know that bonuses are typically not available for demo accounts. Yet, some brokers offer free demo contests with prizes as an alternative opportunity.

Unfortunately, eXcentral does not provide a sign-up bonus, for first-time registrations or beginner traders. Traders who open a real account with eXcentral will not receive any first-time bonus.

User Experiences: EXcentral Traders’ Feedback

Based on an aggregate of user reviews, EXcentral has a low Trustpilot score of 1.7. This indicates predominantly negative sentiment among traders. A common complaint among users is the difficulty faced when attempting to withdraw funds from the broker. 

Numerous clients have strongly advised against depositing money with EXcentral due to withdrawal issues. Also, several reviews highlight the broker’s pressure to deposit additional funds, causing further frustration. The verification process has also been a point of contention, with many users reporting arbitrary rejection of identification documents.

Long Story Short – EXcentral

We can see that this is a Cyprus-based brokerage that facilitates online CFD and Forex trading. They are regulated by the Cyprus Securities and Exchange Commission (CySEC). 

Also, the broker offers an extensive selection of assets on MetaTrader 4 and WebTrader venues. Yet, it’s essential to know potential concerns as indicated by user feedback. By exploring the detailed analysis of eXcentral’s services, you can make informed decisions.

If you are interested in learning more about regulated brokers, we encourage you to contact us for assistance. Our team is here to provide you with the guidance you need to navigate the world of regulated brokers successfully. Contact us today and take the first step towards a well-informed and secure trading experience.

FAQs Section

Is eXcentral Legit?

They are regulated by CySEC and the FSCA. However, it’s always better to make a more detailed investigation in order to safeguard your money.

Is eXcentral 100% Safe For Me?

EXcentral is a regulated broker. Nevertheless, if you suspect any issues, our free consultation service can help. Contact us to discuss your case.

How To Find A Broker For Safe Trading?

Ensure your trading environment is secure with our expert consultation service. Contact us now for guidance on choosing a trusted broker.

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