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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

eXcentral

Cyprus|10-15 years|
Regulated in Cyprus|Straight Through Processing(STP)|MT4/5 White Label|Regional Brokers|Suspicious Overrun|High potential risk|

https://eu.excentral.com

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

eXcentralInt-Demo

United States
MT4
2

Influence

D

Influence index NO.1

Latvia 2.53
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
eXcentralInt-Demo MT4
Server Location United States

Influence

Influence

D

Influence index NO.1

Latvia 2.53

Surpassed 30.76% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+357 24 024022
support@excentral.com
https://eu.excentral.com
https://www.facebook.com/excentral1/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+357 24 024022

Broker Information

More

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2024-03-29
  • 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 1. Please be aware of the risk and the potential scam!

WikiFX Verification

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Expose
    Sources

    eXcentral · Company Summary

    General Information & Regulation

    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. 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.

    Markets Instruments

    eXcentral offers more than 160 assets, ranging from currency pairs, metals, shares, indices, and more.

    Minimum Deposit

    There are four account types offered at eXcentral: Classic, Silver, Gold, and VIP. It is free to open an account, though the broker requires a minimum 250 USD/EUR/GBP deposit to begin trading.

    Leverage

    The maximum retail leverage available for forex is 1:30. Indices and some commodities can be leveraged up to 1:20, shares up to 1:5, and cryptocurrencies up to 1:2. Professional clients can leverage up to 1:400 on forex products.

    Spreads & Commissions

    Commissions are included in the spread at eXcentral, apart from equities and cryptocurrencies, which are charged at 0.8% of the assets notional value. Spreads are around 2.5 pips for EUR/USD in the Classic account and $0.10 for crude oil. Spreads drop to around 0.9 pips with the VIP account.

    Other Fees

    Other charges include swap fees, which is the interest added or deducted when a position is held overnight. Theres also a 10 USD/EUR/GBP monthly maintenance fee, as well as an 80 USD/EUR/GBP inactivity fee if an account is left dormant for over 2 months.

    Trading Platform Available

    eXcentral offers two trading platforms; a proprietary platform and an app, as well as the well-known MetaTrader 4.

    Deposit& Withdrawal

    Funding is available in USD, GBP, or EUR via credit/debit card, wire transfer, Skrill, and Neteller. The minimum deposit for all methods is 250 in the chosen currency. eXcentral does not charge any deposit fees. Withdrawals must be made via the same method used to deposit. The minimum withdrawal amounts are 100 EUR/USD/GBP for bank wire and 10 EUR/USD/GBP for cards. There is no minimum withdrawal for e-wallets, though it must cover the transfer cost. As per the withdrawal policy, fees are charged at 3.5% for cards and Neteller, 30 in the chosen currency for wire transfer, and 2% for Skrill. Bank transfers generally take 3 – 5 working days once processed, whilst cards take 5 – 7 working days.

    Customer Support

    Customer service is available via the contact number at +357 24 024022, the email address at support@excentral-eu.com, or via the live chat logo at the bottom of the website. The support team can help with how to close or delete an account, as well as payment refunds and platform queries. eXcentral is headquartered at Andrea Zappa & Makedonon 4, Honey Court V, 1st floor, Office 11A, 4040 Limassol, Cyprus.

    Trading Hour

    Market opening and closing times vary by asset and are provided within the trading platforms. On the eXcentral web platform, trading sessions for currencies are Sunday at 21:05 to Friday at 20:45 (GMT).

    Accepted Regions

    eXcentral accepts traders from Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

    Traders can not use eXcentral from United States, Canada, Japan, Australia, Israel.

    News

    WIKIFX REPORT: CySEC Settles with eXcentral and NicoFX Operator for €290K

    NewsWIKIFX REPORT: CySEC Settles with eXcentral and NicoFX Operator for €290K

    2022-07-29 13:52

    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.

    WikiFX
    2022-07-29 13:52
    News
    WIKIFX REPORT: CySEC Settles with eXcentral and NicoFX Operator for €290K
    WIKIFX REPORT: CySEC reaches EUR 290,000 settlement with NicoFX and Excentral owner

    NewsWIKIFX REPORT: CySEC reaches EUR 290,000 settlement with NicoFX and Excentral owner

    2022-07-29 13:51

    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.

    WikiFX
    2022-07-29 13:51
    News
    WIKIFX REPORT: CySEC reaches EUR 290,000 settlement with NicoFX and Excentral owner
    WIKIFX REPORT: eXcentral Blog Rated Among Top Financial Blogs by Readers

    NewsWIKIFX REPORT: eXcentral Blog Rated Among Top Financial Blogs by Readers

    2022-07-29 13:49

    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.

    WikiFX
    2022-07-29 13:49
    News
    WIKIFX REPORT: eXcentral Blog Rated Among Top Financial Blogs by Readers
    eXcentral Review 2021 - Login & Start Trading Online

    NewseXcentral Review 2021 - Login & Start Trading Online

    2021-12-16 13:30

    eXcentral EU is an international broker offering instruments on its web trader and MT4. See our review for withdrawals, demo accounts & more.

    WikiFX
    2021-12-16 13:30
    News
    eXcentral Review 2021 - Login & Start Trading Online

    User Reviews

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    User comment

    5

    Comments

    Write a review

    FX1247126402
    more than one year
    When I wanted to trade with eXcentral, I came to wikifx to check and was surprised to find that many people have been scammed. I think the actual victims will be more. Thanks for the info and I will stay away from this scammer.
    2023-02-20 15:37
    Reply
    0
    0
    FX1230998294
    more than one year
    eXcentral company is a big cheater. ...never ever.......put your money... you can not win you cannot take your money never ever .....Cheat ....liar and use your money...
    2023-02-16 11:50
    Reply
    0
    0
    林5029
    more than one year
    The people of excentral are skilled at stealing your money. I am writing this review to warn others away from these con artists since I, too, fell for their fraud.
    2022-12-11 16:23
    Reply
    0
    0
    FX1068210094
    more than one year
    This platform frustrated me so much! My friend Marlon recommended this broker to me, said it provides favorable trading conditions, easy withdrawal… However, when I Tried to withdraw my funds, they told me that I cannot due to an error in my account. Until today, I still cannot get my money back. Guys, don’t trade with this broker!
    2022-11-30 18:03
    Reply
    0
    0
    覃文杰【火雲】
    more than one year
    Totally fraud... I should never trust this broker gullibly. Now I am already scammed and I see that in Wikifx many have revealed their cursed actions. if you could have seen this page four months ago you would not have been scammed. I hope more people see my review.
    2022-11-21 18:21
    Reply
    0
    0
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