Start trading Currency Pairs CFDs at eXcentral

For example, you can rest assured that your funds are safe because they are held in a segregated account with a major financial institution. In fact, €730,000 must be set aside in external accounts, as required by the CySEC. That proves that they have plenty of operating funds and won’t use your balance as a way to conduct their own trading activity. Frankly, we would have expected the FAQ section on the website to be a bit more comprehensive and in-depth, but at least the customer support team is easily accessible. When you are logged in, you can access the client trading area, which showcases all of the instruments available to trade and the various charts related to modifiable timeframes.

Where is eXcentral based?

There are also MT4 video tutorials, as well as live weekly webinars, a blog and daily signals. The economic calendar on the main website page is also a useful tool for keeping up with the latest global events. EXcentral offers over 160 assets, including 46 major, minor and exotic pairs plus 5 cryptocurrencies, including Bitcoin. There are also 12 indices such as the S&P 500 and FTSE 100, as well as over 75 company shares including umarkets review Facebook and Tesla. Traders can also diversify their portfolio with a selection of 19 commodities, including precious metals, energies, and agricultural assets.

There are many of them online and they go by the names Bitcoin Era or Bitcoin Motion. EXcentral was an international online broker for investing in CFD’s on a range of items like; Forex, Crypto and Stocks. At the time this review of eXcentral was written, no bonuses or promotions were available. EXcentral does maintain an affiliate program for traders interested in a passive revenue stream.

You can choose from thousands of CFD Trading companies online, however people usually invest with one of the best brokers listed here. EXcentral initiates a margin call at a 100% equity margin level and closeout at a 50% equity margin level. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. Both the EU and global entities of eXcentral are legitimate and registered companies based in Cyprus and South Africa. Traders should check for any complaints or bad reviews online if they are concerned about trading scams.

Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-free eXcentral Absolute Zero account. Both regulators failed to act despite mounting evidence warranting regulatory action. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. You can make a withdrawal from within your main live account by following the instructions on the withdrawal page.

It does take an inordinate amount of time to find what you are looking for on occasion due to the home page being of very little use at all. Scroll down to the bottom of the page, and all of the key licensing information about the firm including its address and some of the terms of its operation are listed. You will also see a link to a client agreement section, which we urge every person interested in trading with the firm to read first before joining. You can access WebTrader through any browser you want with no download necessary, and you can also access both platforms via their dedicated apps. Much of the firm’s revenue is generated from spreads and commissions, and if you choose to trade stocks and shares, you will have to pay a commission of 0.8%. For example, the spread when trading EUR/USD is 2.5 pips, while for GBP/USD it is up to 2.8 pips.

What is the maximum leverage offered by eXcentral?

If your account has been inactive for two to three months, you will be charged $80. There is also a $10 withdrawal fee (or 10 euro or 10 pounds, depending on your currency). They will charge 0.8% of the nominal asset’s value when it comes to cryptocurrency or equities. Another common fee that you see with brokers is an inactivity fee, and eXcentral is no exception. Forex is the process of exchanging one currency for another and it is the largest market in the world with over $6.6 trillion in daily transactions as of 2019. Fortunes have been made and lost in the forex markets and speculation continues to grow even today.

How to trade cryptocurrencies?

EXcentral also offers the MT4 mobile app, which is also available thinkmarkets review from the Apple App Store and Android Google Play. Traders can access many of the same features and tools as the desktop solution, plus financial news and full account management. EXcentral International is a good broker for anyone who is looking to learn a lot about the trading world. This broker has a lot of educational tools on offer, and it provides you with your choice of four different account types.

1. There are more than 300 CFDs available to trade including many of the popular indices, stocks and commodities.
2. EXcentral offers plenty of educational material – basic services with a timeless value.
3. Traders also enjoy 30 pre-included indicators, 9 timeframes, 3 execution modes, and 4 order types.

You can call them and request a call back, if you don’t get answered right away and need a response ASAP. The availability of two different customer service methods is a good sign, reliability-wise. As such we may earn a commision when you make a purchase after following a link from our website. A Cypriot headquarters means that the firm is regulated by the CySEC and is licensed to operate across the EU and the EEA region.

Please note, some markets may only be available via CFDs or other derivatives. The broker offers the eXcentral Mobile Trader, available for iOS and Android devices. Users enjoy the freedom of trading on the move, whilst still experiencing powerful features. For those who wish to employ automated trading strategies, the MT4 platform is the number one choice. The platform supports personalised Expert Advisors (robots) and strategy testing. Traders also enjoy 30 pre-included indicators, 9 timeframes, 3 execution modes, and 4 order types.

Most traders are unlikely to require assistance, but it remains easily accessible. Services by Trading Central and MTE Media also account for the educational content at eXcentral, which I find acceptable as an introduction to trading. Unfortunately, the unique feature of this new broker is the lack of transparency and allegations of malpractice, fraud, and cold calls by sales personnel pretending to be account managers. Here is a screenshot of MT4 quotes at eXcentral during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.

Traders on the other hand, rarely hold their positions for more than a few weeks, and it is far more common to see a trader buy and sell within the same week, or even within the same day. Because cryptocurrencies frequently make double-digit percentage moves it isn’t difficult to capture significant gains in a single day. Finally, investors tend to focus more on the fundamentals, in the case of cryptocurrencies this would be the use case and adoption, whereas traders use technical analysis in their trading.

EXcentral is the brand name of Mount Niko Corp Limited, a Cyprus-registered CFD broker operating since 2019. Users can trade in 120 CFD instruments comprising FX, commodities, cryptocurrencies, stocks, indices and futures from the broker’s proprietary and MT4 platforms. While beginners can use the learning material and video tutorials to get an insight into the markets, experienced traders can access several analytical tools to carry out informed trading decisions.