Crypto Frontline

eXcentral Review

eXcentral Review
August 31
10:46 2020

Company’s Highlights

A brand name of Mount Nico Corp Ltd, eXcentral is a financial services provider regulated by CySEC (license number 226/14) and registered with more than 20 different European regulators. Considering it is operating for customers in the European Economic Area and Switzerland, the broker follows the MiFID II directive.

Owned by a successful investment firm and with great attention to regulation, eXcentral is one of the more trusted brands to work with, and this is also good news for cryptocurrency traders, as there are several crypto assets included in the offer.

Cryptocurrency Instruments

Clients working with eXcentral have access to BCHUSD, BTCUSD, ETHUSD, LTCUSD, and XRPUSD, some of the most popular and most liquid cryptocurrency instruments in the market. For retail traders, the maximum leverage is 1:2, while for professionals it increases to 1:5. For Bitcoin, Bitcoin Cash, and Ether, the minimum trade size is 0.01 lots, while for Litecoin and XRP it is set at 1 lot contract.

Cryptocurrencies have been very active this year and eXcentral wants to provide access to some important tokens, without exposing clients to risky altcoins. Traders can benefit from multiple educational resources and trading analysis tools that can be used for crypto as well.

Trading Platform

The eXcentral WebTrader is a platform built by the company, designed with all the tools and features, including charts by TradingView, one-click trading execution, risk management tools, price alerts, favorite lists, and many others. It’s important to note the platform comes with a very friendly interface, making it suited even for beginners just starting their trading journey.

This isn’t the only platform available with eXcentral, considering there’s support for the popular MetaTrader 4 as well. This solution will be ideal for traders that want a desktop platform to work with and don’t fancy web-based software. At the same time, it supports Expert Advisors, allowing them to automate the trading process. Backed by 15+ years of existence, MT4 continues to be a reliable CFD platform and traders all around the world are still using it.

Alt-text: eXcentral MT4

Increased market volatility and uncertainty require traders to keep an eye on the market at any point, even while on the go. As a result, eXcentral had taken care to provide mobile trading capabilities via a proprietary app. It resembles the WebTrader in many ways, integrating most of its features. On top of that, clients can use the MT4 mobile app to get access to their trading account on mobile.

Account Types

Since it follows MiFID II and is compliant with all the latest European regulation for CFD trading, eXcentral is categorizing clients as retail or professional, based on their prior experience, past trading volumes, and capital available for trading. Aside from these two categories, there are four different trading accounts available:

·         Classic

·         Silver

·         Gold

·         VIP

Starting to trade with eXCentral requires a 250 USD/EUR/GBP minimum deposit and for a Classic account, traders get access to negative balance protection, free support, and trading education. Keep in mind that trading conditions will be different for retail and professional traders (maximum leverage and stop out level).

Clients that can open a higher account, will benefit from lower spreads, educational webinars, trading signals via SMS from MTE, full account overview, VIP webinars, dedicated account manager, or dedicated senior account manager.

To fund a trading account, credit/debit card (Visa or MasterCard), wire transfer, Skrill, and Neteller, are the methods currently available with eXcentral. The same will be used for withdrawals, after passing the verification process. This will require each client to provide an ID, proof of address, and verify the payment method. eXcentral wants to make sure that clients’ funds are kept safe all the time and nobody will get unauthorized access to a trading account.

Special Features

When it comes to special features, eXcentral stands out in terms of education and trading analysis. Clients can get access to interactive courses, trading eBooks, trading video tutorials, and live webinars. Their daily operations could be enhanced using market summaries, live market summary, daily chart analysis, market news, and trading calculators.

Also, it is important to note the customer support service, available via email, phone, or live chat. The representatives have proven to work with professionalism and a customer-oriented approach.

Summary

Based on all the features we’ve talked about, there are enough pieces of evidence to believe eXcentral is a reliable financial services provider. The broker is regulated by CySEC and complies with the highest standards in Europe. Traders interested in cryptocurrencies will find some of the popular tokens included in the asset list and can get involved in the crypto market while working with a trusted brand.

They can have a diversified market exposure, considering eXcentral also supports CFDs based on FX, stocks, indices, and commodities, alongside cryptocurrencies. We are glad to award eXcentral a high rating and label it as a safe and reliable CFD broker.

eXcentral Review - overview
4.7out of 5
Support
4.7out of 5
Spread
5out of 5
Languages
4.7out of 5
Trading Platform

Summary: Based on all the features we’ve talked about, there are enough pieces of evidence to believe eXcentral is a reliable financial services provider. The broker is regulated by CySEC and complies with the highest standards in Europe. Traders interested in cryptocurrencies will find some of the popular tokens included in the asset list and can get involved in the crypto market while working with a trusted brand.

4.78 Excellent
4.78 out of 5
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