EXcentral review: the whole truth about the trading conditions and broker reliability, spreads and commissions, deposits and withdrawals.
CFD broker Excentral was founded in 2019 and provides brokerage services to residents of Europe and other countries through various websites and companies. European clients fall under the jurisdiction of eXcentral EU, owned by Mount Nico Corp Ltd and regulated by CySEC. Customers from other countries (excluding prohibited ones) are subjects to the jurisdiction of eXcentral International, owned by OM Bridge (PTY) Ltd and regulated by FSCA.
The FSCA regulator does not provide serious supervision over the work of the broker and does not it guarantee assistance to traders in the event of fraud.
CySEC is a more serious supervisory authority, but there are also many well-known fraudsters licensed by this regulator. In addition, the broker appeared relatively recently and received many complaints about problems with the withdrawal of funds. As a result, the reliability and safety of eXcentral is extremely low.
A similar situation is observed with the trading conditions – they are very bad. In addition to the small selection of assets and payment methods, the presence of only one MT4 platform and the lack of a demo account, high spreads and huge swaps are especially noticeable. Traders will lose most of their funds just because of these commissions.
And if this is not enough, then clients will receive a commission for withdrawing funds from 2 to 3.5% for some payment methods. And of course, we should not forget about the complaints of traders about problems with the withdrawal of funds. Therefore, the minimum deposit of $ 250 is quite large, because there is a high risk of losing it. After a short review eXcentral, it becomes obvious that you cannot choose this broker for online trading and it is most likely a scam.
The total score may change after a detailed review of eXcentral.
| Official site | https://eu.excentral.com https://excentral-int.com |
| Year of foundation | 2019 |
| Regulated by | FSCA (Int), CySEC (EU) |
| Trading instruments | 172+ assets CFDs on forex (47), indices (12), commodities (19), shares (87), cryptocurrencies (7) |
| Spreads and commissions | High floating spreads and swaps EUR/USD – from 2.5 pips GBP/USD – from 2.8 pips USD/JPY – from 2.8 pips Oil – from 14 pips |
| Most popular | eXcentral in Cyprus, Switzerland, Kenya, Guatemala, El Salvador, Greece, Ecuador, South Africa, Costa Rica, Philippines, Czech Republic. |
| Provision of services in the US, UK, Canada, European Economic Area | The US, Canada The European Economic Area, the UK |
| Min. trade size | 0.01 |
| Leverage | Up to 1:30 |
| Account types | Classic, Silver, Gold, VIP |
| Minimum deposit | $ 250 |
| Minimum withdrawal | |
| Deposit & withdrawal methods | 4+ |
| Payment Fees | Withdrawals fee for some methods up 2% to 3.5% |
| Trading hours | 24/5 24/7 (For crypto) |
| Trading platforms | MT4 |
| Mobile App | |
| Demo | |
| Copy Trading | |
| AT/Robots | |
| Bonus | |
| Affiliate program |
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