eXcentral Review – CFD Trading with a Reputable Broker?

eXcentral Review

About the company

Increased volatility in the FX market is incentivizing brokerage houses to come out with enhanced trading offers. The financial markets, that continue to be driven by emotions and valuations, had an impressive performance in 2020, a year that saw a large inflow of new retail traders.

eXcentral is an online trading brand, owned by Mount Nico Corp Ltd, a company regulated by CySEC and registered with multiple European regulators. The broker’s target market is EEA and Switzerland, which is why it complies with all the latest regulatory requirements, including ICF and ESMA.

Providing access to 160+ CFD instruments based on FX, stocks, indices, commodities, and cryptocurrencies raises the question, is eXcentral well-positioned to offer optimal trading conditions, in line with the 2020 requirements?

Trading Platforms

MetaTrader 4 has proven its efficiency over the years and because of that, it is still one of the platforms available with eXcentral. With the ability to use interactive charts with 9-time frames, 30+ built-in indicators, EAs compatibility, a user-friendly interface, multiple execution, and other features, CFD traders can spot and take advantage of new trading opportunities.

eXcentral WebTrader is another trading platform available for those that are looking for a personalized solution. In this case, we’re talking about a web-based solution that does not require any installation. Multi-view, advanced charting, risk management tools, and any other trading feature required to trade optimally have been integrated into the WebTrader.

To make sure that customers have access to the markets via any device, eXcentral provides mobile trading capabilities, as well. Traders have two options available: they can use the mobile version of the MT4 or can use the eXcentral trading app. Both come in versions compatible with Android and iOS.

Account Types

At eXcentral, there’s a host of features and conditions designed to satisfy the trading needs of a broad range of traders. The offer is well-diversified and includes 4 different account types:

• Classic
• Silver
• Gold
• VIP

Each available for both retail and professional traders, in line with the latest European regulation for CFD trading, there are multiple trading benefits traders can take advantage of. Among them, it would be important to note free support, negative balance protection, educational webinars, and free trading education.

There are some other premium features like full account overview, VIP webinars, dedicated account manager, and Trading Central, but to get access to them, clients will need to upgrade to a gold or VIP account.

Forex Trading

Alongside CFDs based on stocks, indices, commodities, and some of the largest cryptocurrencies, eXcentral is focused on providing access to professional FX trading services. As a result, the asset list currently includes tens of different currency pairs (majors, minors, and exotics), with the main goal of giving enough opportunities to take advantage of trading opportunities arising in the largest financial markets in the world.

The eXcentral forex trading conditions include negative balance protection, margin trading (different for retail and professional accounts), flexible spreads, and the ability to trade micro-lots. The stop out level is 50% for retail traders and 20% for professionals.

Education

All eXcentral customers can get access to free trading education, in the form of interactive courses, trading eBooks, trading video tutorials, and live webinars. The broker is fully aware that with an abundance of information in one place, it would be more convenient for traders to get what they need from a reliable source, without having to waste a lot of time on the internet.

On top of the trading education materials, clients can also take advantage of market summaries, daily chart analysis, market news, an economic calendar, and trading calculators.

Regulation

eXcentral is a trading brand 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. Registered in Limassol, Cyprus, the company is also registered with multiple European regulators.

This ensures broad regulatory compliance for traders based in EEA or Switzerland, as eXcentral wants to provide personalized trading services. It would also be important to note compliance with the Investor Compensation Fund (ICF) and ESMA (European Securities and Markets Authority).

Summary

Forex trading continues to be a challenging activity and because of that, eXcentral is an online trading brand wanting to make sure its customers benefit from the most effective trading functionalities. With solid trading software, a diversified trading offer, strong regulatory background, and professional customer support, it wants to show that European traders can get involved in CFDs based on FX and other popular assets.

Ultimately, it will be up to each trader to analyze what eXcentral has to offer, decide what are the main trading priorities, and then assess if this is the best-suited online trading brand to work with.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.