EXcentral Introduction
eXcentral is a Cyprus-based, forex and CFD broker that was established in 2013. The company provides its services to retail and institutional clients from over 150 countries. eXcentral is licensed by CySEC and offers its services under the EU Markets in Financial Instruments Directive (MiFID).
The broker offers four account types with leverage up to 1:200 and minimum deposits from $100. eXcentral uses the MetaTrader 4 (MT4) trading platform and provides mobile trading apps for Android and iOS devices. In addition to forex, CFDs are also available for trade on Indices, Commodities, Stocks, ETFs and Cryptocurrencies.
Some of the key advantages of trading with eXcentral include:
– A wide variety of tradable instruments
– Leverage up to 1:200
– Negative Balance Protection
– segregated client funds
– Personal Account Manager
– 24/5 customer support
EXcentral Regulations
eXcentral is a Cyprus based investment firm that offers online trading in forex, Contracts for Difference (CFDs), and Spread Betting. According to their website, they are “fully licensed and regulated by the Cyprus Securities & Exchange Commission (CySEC)”.
As a Cypriot investment firm, eXcentral abides by the Markets in Financial Instruments Directive (MiFID). This means that they must offer investors “a high degree of protection” and adhere to strict financial regulations. Some of these regulations include providing negative balance protection, maintaining segregated client funds, and adhering to anti-money laundering policies.
eXcentral offers two types of trading platforms: MetaTrader 4 (MT4) and Webtrader. MT4 is a popular third-party trading platform that is used by many brokers. It is user-friendly and offers a variety of features, such as advanced charting tools, expert advisors, and market news. Webtrader is eXcentral’s proprietary trading platform that offers similar features to MT4.
The instruments that eXcentral offers include forex pairs, CFDs on indices, stocks, commodities, and cryptocurrencies. They also offer Spread Betting on selected forex pairs and CFDs. The spreads on their forex pairs start at 0.6 pips and their leverage goes up to 1:200.
Some of the pros of trading with eXcentral include: No commission fees on forex
EXcentral Trading Platforms and Instruments
As an online trading provider, eXcentral offers its clients a choice of two advanced trading platforms: the MetaTrader 4 (MT4) and WebTrader platforms. Both platforms are available as desktop, web-based and mobile versions, giving traders the flexibility to trade at home or on the go.
The eXcentral MT4 platform is one of the most popular trading platforms in the world and is renowned for its user-friendly interface, advanced features and comprehensive charting tools. The WebTrader platform is a powerful yet easy-to-use platform that is ideal for beginners and more experienced traders alike.
In terms of instruments, eXcentral offers a wide range of CFDs on forex pairs, indices, commodities, stocks and cryptocurrencies. So regardless of your trading preference or experience level, you should be able to find a suitable instrument to trade on this platform.
EXcentral Pros and Cons
eXcentral is a regulated online broker, offering trading in forex, CFDs and binary options. They offer a user-friendly platform and a wide range of tradable assets. However, there are some drawbacks to using eXcentral, which we will discuss in this article.
Pros:
– Regulated by CySEC
– User-friendly platform
– Wide range of tradable assets
Cons:
– Limited customer support hours
– High minimum deposit
Conclusion
eXcentral is a reliable and user-friendly online trading platform that offers a wide range of features and benefits. However, it is important to be aware of the potential risks involved in trading before using this or any other platform. We hope that this article has helped you to understand the pros and cons of eXcentral so that you can make an informed decision about whether it is the right choice for you.