Score
eXcentral
Cyprus|10-15 years| https://eu.excentral.com
Website
Rating Index
Influence
Influence
D
Influence index NO.1
Latvia 2.53Surpassed 16.60% brokers
Contact
Licenses
Single Core
1G
40G
Contact number
+357 24 024022
Other ways of contact
Broker Information
More
Mount Nico Corp Limited
eXcentral
Cyprus
Pyramid scheme complaint
Expose
Check whenever you want
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- The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
- The number of this brokers's negative field survey reviews has reached 2. Please be aware of the risk and the potential scam!
- The South AfricaFSCA regulation (license number: 48296) claimed by this broker is suspected to be clone. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
A Visit to EXCENTRAL in Cyprus – No Office Found
The survey team went to Limassol, Cyprus to visit broker EXCENTRAL as scheduled, but did not find the company at its regulatory address. Accordingly, investors should be meticulous in choosing the broker.
CyprusFinding No Office of eXcentral in Cyprus
The inspection team’s field survey confirms the actual address of the licensed broker eXcentral in Cyprus doesn’t match the address indicated in the regulatory information.
CyprusA Visit to EXCENTRAL in Cyprus – No Office Found
The survey team went to Limassol, Cyprus to visit broker EXCENTRAL as scheduled, but did not find the company at its regulatory address. Accordingly, investors should be meticulous in choosing the broker.
CyprusFinding No Office of eXcentral in Cyprus
The inspection team’s field survey confirms the actual address of the licensed broker eXcentral in Cyprus doesn’t match the address indicated in the regulatory information.
CyprusWikiFX Verification
Cyprus| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:400 |
| Minimum Deposit | -- |
| Minimum Spread | 0.9 Pips EUR/USD 1.4 Pips GBP/USD 1.4 Pips USD/JPY |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:400 |
| Minimum Deposit | -- |
| Minimum Spread | 1.8 Pips EUR/USD 2.3 Pips GBP/USD 2.3 Pips USD/JPY |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:400 |
| Minimum Deposit | -- |
| Minimum Spread | 2.5 Pips EUR/USD 2.8 Pips GBP/USD 2.8 Pips USD/JPY |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:400 |
| Minimum Deposit | -- |
| Minimum Spread | 2.5 Pips EUR/USD 2.8 Pips GBP/USD 2.8 Pips USD/JPY |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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WikiFX Data provideeXcentral · Company Summary
Note: eXcentral's official website: https://eu.excentral.com is currently inaccessible normally.
| eXcentral Review Summary | |
| Founded | 2014 |
| Registered Country/Region | South Africa |
| Regulation | FSCA (License Number 48296, Clone Warning), CySEC (Mount Nico Corp Ltd, License Number 226/14) |
| Market Instruments | Forex, Commodities, Crypto, CFDs, Stocks, Indices |
| Demo Account | ✅ |
| Leverage | Up to 1:400 |
| Spread | Starting from 0.9 pips (VIP Account) |
| Trading Platform | MetaTrader 4, eXcentral Web Platform, Android App |
| Min Deposit | $250 |
| Customer Support | Email: inquiries@excentral-int.com |
| Phone: Available upon request | |
| Address: Unit 6C3, 159 Rivonia Rd, Sinosteel Plaza, Morningside, Gauteng, South Africa | |
eXcentral Information
eXcentral provides commodities, Forex, and CFDs among other trading instruments. It gives traders access to MetaTrader 4 as well as its own web platform. Though CySEC controls it, there is a clone warning about FSCA control.
Pros and Cons
| Pros | Cons |
| Proprietary platform and MT4 available | Clone license warning from FSCA |
| Educational tools and webinars | High minimum deposit requirement |
Is eXcentral Legit ?
Under license number 226/14 the Cyprus Securities and Exchange Commission (CySEC) controls eXcentral. Mount Nico Corp. is the licenced institution.
However, there is also a dubious clone notice connected to a different license from the Financial Sector Conduct Authority (FSCA) in South Africa. The entity OM Bridge (PTY) Ltd claims control but is under suspicion as a clone.
| Regulatory Status | Suspicious clone |
| Regulated by | FSCA |
| Licensed Institution | OM Bridge (PTY) Ltd |
| Licensed Type | Financial Service Corporate |
| Licensed Number | 48296 |
Registered on March 4, 2014, the domain excentral.com is still valid with a March 4, 2025 expiration date.
What Can I Trade on eXcentral
eXcentral offers over 160 CFDs, including Forex (47 pairs), Commodities, Stocks, Indices, and Cryptos.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Crypto | ✔ |
| CFD | ✔ |
| Indexes | ✔ |
| Stock | ✔ |
| ETF | ❌ |
Account Types
Each of the four active account types available from eXcentral—Classic, Silver, Gold, and VIP—fits for different trading levels. Additionally accessible for practice is a demo account. The accounts vary in services, including access to account managers, as well as in spread.
Leverage
eXcentral provides leverage up to 1:400, which, particularly for new traders, greatly increases risk even when it can boost possible earnings.
eXcentral Fees
With spreads starting at 0.9 pips for VIP accounts and 2.5 pips for lower-tier accounts, eXcentral's fees are somewhat expensive relative to the industry average.
The withdrawal cost is $10; depending on the length of inactivity on the account, inactivity fines run from $80 to $200.
Non-Trading Fees
| Deposit Fee | Not mentioned |
| Withdrawal Fee | $10 |
| Inactivity Fee | $80 - $200 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 4 | ✔ | Web, Mobile, Desktop | All traders |
| eXcentral Web Platform | ✔ | Web | All traders |
| Android App | ✔ | Mobile (Android) | Traders on the go |
Deposit and Withdrawal
eXcentral charges a $10 withdrawal fee, and the minimum deposit is $250.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Credit/Debit Cards | $250 | Not mentioned | Not mentioned |
| Bank Wire Transfer | $250 | Not mentioned | Not mentioned |
| Skrill | $250 | Not mentioned | Not mentioned |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Credit/Debit Cards | Not mentioned | $10 | Not mentioned |
| Bank Wire Transfer | Not mentioned | $10 | Not mentioned |
News
NewsWIKIFX REPORT: CySEC Settles with eXcentral and NicoFX Operator for €290K
The Cyprus Securities and Exchange Commission (CySEC) has settled with Mount Nico Corp Ltd, the operator of the trading brand, eXcentral and NicoFX. The regulated company has already paid €290,000 as a part of the settlement for possible violation of regulations.
WikiFXNewsWIKIFX REPORT: CySEC reaches EUR 290,000 settlement with NicoFX and Excentral owner
The Cyprus Securities and Exchange Commission (CySEC) today announced a EUR 290,000 settlement with Cyprus investment firm (CIF) Mount Nico Corp Ltd. The company operates through brands such as NicoFX and Excentral.
WikiFXNewsWIKIFX REPORT: eXcentral Blog Rated Among Top Financial Blogs by Readers
According to a recent survey conducted amongst regular readers of eXcentral's blog, a large majority refer to it as one of the top sources for daily financial information and news. The survey, reaching thousands of readers with different demographic and geographic backgrounds, provides positive findings for the brand and its blog.
WikiFXNewseXcentral Review 2021 - Login & Start Trading Online
eXcentral EU is an international broker offering instruments on its web trader and MT4. See our review for withdrawals, demo accounts & more.
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