https://eu.excentral.com
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Influence
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Single Core
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+357 24 024022
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Mount Nico Corp Limited
eXcentral
Cyprus
Pyramid scheme complaint
Expose
A Visit to EXCENTRAL in Cyprus – No Office Found
The survey team went to Limassol, Cyprus to visit broker EXCENTRAL as scheduled, but did not find the company at its regulatory address. Accordingly, investors should be meticulous in choosing the broker.
Finding No Office of eXcentral in Cyprus
The inspection team’s field survey confirms the actual address of the licensed broker eXcentral in Cyprus doesn’t match the address indicated in the regulatory information.
A Visit to EXCENTRAL in Cyprus – No Office Found
The survey team went to Limassol, Cyprus to visit broker EXCENTRAL as scheduled, but did not find the company at its regulatory address. Accordingly, investors should be meticulous in choosing the broker.
Finding No Office of eXcentral in Cyprus
The inspection team’s field survey confirms the actual address of the licensed broker eXcentral in Cyprus doesn’t match the address indicated in the regulatory information.
Benchmark | -- |
---|---|
Maximum Leverage | 1:400 |
Minimum Deposit | -- |
Minimum Spread | 0.9 Pips EUR/USD 1.4 Pips GBP/USD 1.4 Pips USD/JPY |
Products | -- |
Currency | -- |
---|---|
Minimum Position | 0.01 |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Benchmark | -- |
---|---|
Maximum Leverage | 1:400 |
Minimum Deposit | -- |
Minimum Spread | 1.8 Pips EUR/USD 2.3 Pips GBP/USD 2.3 Pips USD/JPY |
Products | -- |
Currency | -- |
---|---|
Minimum Position | 0.01 |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Benchmark | -- |
---|---|
Maximum Leverage | 1:400 |
Minimum Deposit | -- |
Minimum Spread | 2.5 Pips EUR/USD 2.8 Pips GBP/USD 2.8 Pips USD/JPY |
Products | -- |
Currency | -- |
---|---|
Minimum Position | 0.01 |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Benchmark | -- |
---|---|
Maximum Leverage | 1:400 |
Minimum Deposit | -- |
Minimum Spread | 2.5 Pips EUR/USD 2.8 Pips GBP/USD 2.8 Pips USD/JPY |
Products | -- |
Currency | -- |
---|---|
Minimum Position | 0.01 |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Capital
$(USD)
General Information & Regulation
eXcentral EU is a brand name belonging to Mount Nico Corp Ltd – a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission with CIF license number 226/14. The CySEC was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity, and CySEC is now one of the most popular regulatory bodies for Forex brokers.
Markets Instruments
eXcentral offers more than 160 assets, ranging from currency pairs, metals, shares, indices, and more.
Minimum Deposit
There are four account types offered at eXcentral: Classic, Silver, Gold, and VIP. It is free to open an account, though the broker requires a minimum 250 USD/EUR/GBP deposit to begin trading.
Leverage
The maximum retail leverage available for forex is 1:30. Indices and some commodities can be leveraged up to 1:20, shares up to 1:5, and cryptocurrencies up to 1:2. Professional clients can leverage up to 1:400 on forex products.
Spreads & Commissions
Commissions are included in the spread at eXcentral, apart from equities and cryptocurrencies, which are charged at 0.8% of the assets notional value. Spreads are around 2.5 pips for EUR/USD in the Classic account and $0.10 for crude oil. Spreads drop to around 0.9 pips with the VIP account.
Other Fees
Other charges include swap fees, which is the interest added or deducted when a position is held overnight. Theres also a 10 USD/EUR/GBP monthly maintenance fee, as well as an 80 USD/EUR/GBP inactivity fee if an account is left dormant for over 2 months.
Trading Platform Available
eXcentral offers two trading platforms; a proprietary platform and an app, as well as the well-known MetaTrader 4.
Deposit& Withdrawal
Funding is available in USD, GBP, or EUR via credit/debit card, wire transfer, Skrill, and Neteller. The minimum deposit for all methods is 250 in the chosen currency. eXcentral does not charge any deposit fees. Withdrawals must be made via the same method used to deposit. The minimum withdrawal amounts are 100 EUR/USD/GBP for bank wire and 10 EUR/USD/GBP for cards. There is no minimum withdrawal for e-wallets, though it must cover the transfer cost. 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. Bank transfers generally take 3 – 5 working days once processed, whilst cards take 5 – 7 working days.
Customer Support
Customer service is available via the contact number at +357 24 024022, the email address at support@excentral-eu.com, or via the live chat logo at the bottom of the website. The support team can help with how to close or delete an account, as well as payment refunds and platform queries. eXcentral is headquartered at Andrea Zappa & Makedonon 4, Honey Court V, 1st floor, Office 11A, 4040 Limassol, Cyprus.
Trading Hour
Market opening and closing times vary by asset and are provided within the trading platforms. On the eXcentral web platform, trading sessions for currencies are Sunday at 21:05 to Friday at 20:45 (GMT).
Accepted Regions
eXcentral accepts traders from Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use eXcentral from United States, Canada, Japan, Australia, Israel.
The Cyprus Securities and Exchange Commission (CySEC) has settled with Mount Nico Corp Ltd, the operator of the trading brand, eXcentral and NicoFX. The regulated company has already paid €290,000 as a part of the settlement for possible violation of regulations.
The Cyprus Securities and Exchange Commission (CySEC) today announced a EUR 290,000 settlement with Cyprus investment firm (CIF) Mount Nico Corp Ltd. The company operates through brands such as NicoFX and Excentral.
According to a recent survey conducted amongst regular readers of eXcentral's blog, a large majority refer to it as one of the top sources for daily financial information and news. The survey, reaching thousands of readers with different demographic and geographic backgrounds, provides positive findings for the brand and its blog.
eXcentral EU is an international broker offering instruments on its web trader and MT4. See our review for withdrawals, demo accounts & more.
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