eXcentral is a Forex and CFD broker that is owned and operated by Mount Nico Corp Ltd, a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission with CIF license number 226/14. Mount Nico Corp Ltd registration number is HE307717. The registered address of the Company is Kolonakiou, 12 West Block, 1st floor, Flat/Office 101, Agios Athanasios, 4103, Limassol, Cyprus, while the business address is Andrea Zappa & Makedonon 4, Honey Court V, 1st floor, Office 11A, 4040 Limassol, Cyprus.
The email address for support is [email protected].
eXcentral is considered safe, as it is regulated by top-tier financial authorities, like the Cyprus Securities and Exchange Commission in Europe.
eXcentral Review
eXcentral is a Forex and CFD broker that offers rich and diversified product portfolio. It offers trading in forex, CFDs on indices, commodities, precious metals, stocks, and some of the most popular cryptocurrencies. eXcentral offers one type of standard account. The minimum deposit to open an account is $250 and the maximum leverage extends up to 1:400. The spreads as seen on a demo facility is variable between 1.7 – 1.8 pips.
It’s important to note that the FX spread can vary over the course of the day, ranging between a ‘high spread’ and a ‘low spread’.
Metatrader 4 trading platform is available and this is a plus for this broker. The Metatrader suite – which is licensed by brokers and offered to traders – continues to be one of the most widely used trading platforms in the retail foreign exchange (Forex) and CFD markets globally.
eXcentral License
Forex Broker Expert checks forex brokers to see if they are scams or legit. The most important thing to safely trade is to only deal with entities holding licenses from reputable financial regulators like ASIC, COSNOB, CySEC, FCA, NFA, and SEC.
eXcentral is owned and operated by Mount Nico Corp Ltd, a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission with CIF license number 226/14.
CySEC regulated brokers are involved in a compensation scheme that ensures traders’ funds are deposited in segregated accounts and the broker won’
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eXcentral
Pros
- CySEC licensed
- MT4 supported
- Attractive leverage
- wide asset portfolio
Cons
- Poor clarity on trading conditions