Online CFDs Trading on Multiple Assets

EXcentral offers services by Trading Central and MTE Media, but they do not suffice to cover the shortfalls at this broker. Asset selection is OK for new traders who get started in their first trading account, fxdd review while even advanced retail traders will run into limitations rather quickly. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.

With these, you can choose the ‘off the shelf’ versions or opt for the firm’s proprietary tweaks offered via web trading software. When it comes to professional clients, there is a wide range of options available based on similar parameters outlined in the individual accounts. But how does this new entrant stand up to scrutiny, particularly when assessed based on the features and functionalities that traders would typically expect? Trading with a licensed broker usually means that you will not have problems withdrawing your money. That being said, we have received complaints from readers who needed to use a recovery firm to get their money back.

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. Funding is available in USD, GBP, or EUR via credit/debit card, wire transfer, Skrill, and Neteller. You can trade all underlying assets, make fxcm review stop-loss and take profit orders, and control many more functions, all without having to actually download software.

Investors will quickly see that this broker offers a web based desktop trading platform, along with mobile apps. Traders also benefit from the high mobility between assets and transactions, as well as assistance from a dedicated account manager. EXcentral EU and eXcentral International offers trading on everything from global currencies to Bitcoin on its web trader platform and MT4.

Opening an Account

There are more than 300 CFDs available to trade including many of the popular indices, stocks and commodities. There are nearly 50 different tradeable currency pairs available to traders including all of the major pairs as expected as well as minor and exotic pairs. ScamBroker.com is a broker reviews website, and does not offer any investing advice or service. Nothing on this website should be considered a recommendation or endorsement. We are not responsible for any losses you may incur, by investing with a company mentioned on this website. Always verify that your broker, is licensed by your local financial regulator.

Although it was established in 2019, the platform is owned and operated by Mount Nico Corp Ltd, which also has the NicoFX brand under its belt. Its expertise and experience date back decades, so this isn’t some newcomer to the trading game. At the time of writing, there was no welcome bonus being offered to new clients, nor were there any kind of ongoing incentives. However, there is a real-time financial feed, which is an interesting innovation. You’ll find this on the homepage where you can take advantage of live updates on many of the leading shares, Forex pairs, commodities and crypto. That way, you can get a quick overview of how your portfolio is performing and whether any action is required.

How can I delete my eXcentral account?

Mount Nico Corp Limited is not a financial adviser and all services are provided on an execution only basis. The innovative brand also offers one-of-a-kind weekly free webinars hosted by Michalis Efthymiou, eXcentral’s Market Analyst. In addition, eXcentral offers more educational resources such as exceptional Trading Video Tutorials and valuable Trading eBooks, for traders to continue learning with comfort. To evaluate brokers, we test the accounts, trading tools and services provided.

Additional Features

When you see that your  broker has a license, and you have verified it with the government regulator, you know they are a legal broker. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Compare the markets and instruments offered by eXcentral and its competitors.

Traders who want variety will appreciate that you not only can use MetaTrader 4; you can also use eXcentral’s proprietary software. Learn the worldwide global markets, which contain multiple assets in various categories. EXcel on CFD Trading by enjoying a diverse range of trading tools from any device you like.

How does eXcentral make money?

Commissions are included in the spread at eXcentral, apart from equities and cryptocurrencies, which are charged at 0.8% of the asset’s notional value. Spreads are around 2.5 pips for EUR/USD in the Classic account and $0.10 for crude oil. Most of our customers find it easier to upload these documents using their mobile phones.

1. Depending on the trading strategy, it may become the most significant fee per trade.
2. But while the broker provides attractive features, is it safe to trade with or could it be a scam?
3. There is also a $10 withdrawal fee (or 10 euro or 10 pounds, depending on your currency).
4. You’ll find this on the homepage where you can take advantage of live updates on many of the leading shares, Forex pairs, commodities and crypto.

The Trading Central MT4 plugin provides traders with quality third-party research. EXcentral also partnered with MTE Media, a leader in the financial education market, for a comprehensive research package. EXcentral scatters the content generated by MTE Media over five sections, which I find unnecessary.

Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. One of the firm’s particular strengths is its educational offering as they provide a wealth of resources for new and experienced traders alike.

From the very beginning, eXcentral’s team has always been committed to the principles of close relationship with clients, becoming the helper you need. EXcentral’s exceptional team and trained managers will help you diversify your knowledge by teaching you how to use important trading tools and stay connected to the markets. Besides these regulations, eXcentral is also licensed in the various jurisdictions where they operate and come under the ESMA Act in Europe. Also, eXcentral is a member of the Investor Compensation Fund (ICF), so retail investors in Europe receive deposit protection of up to €20,000 if the broker fails. These educational materials take the form of ebooks, video tutorials and live webinars, which are provided by the brand’s head of trading, Michalis Efthymiou.

Retail

If you are somebody who performs trades and monitors market activity via your mobile device(s), we strongly recommend downloading the specific app for your phone or tablet. These have been purposely designed to operate on a smaller screen, whereas the mobile browser site is just a slightly downsized version of the main website — so the bugs outlined above are magnified. In short, the website is easy to use and, while it may not be stylistically the most earth-shattering, the simple black-on-white colour scheme makes the user experience straightforward enough.