Score
Cyprus
|
10-15 years
| https://eu.excentral.com
Website
Rating Index
MT4/5
Full License
NICOFX-Demo
Influence
D
Influence index NO.1
South Africa 2.42
MT4/5 Identification
Full License
United KingdomInfluence
D
Influence index NO.1
South Africa 2.42 CyprusA 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.
CyprusFinding 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.
CyprusA 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.
CyprusFinding 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.
Cyprus
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
WikiResearch
excentral.com United States
VIP is not activated.
Note: eXcentral's official website: https://eu.excentral.com is currently inaccessible normally.
| eXcentral Review Summary | |
| Founded | 2014 |
| Registered Country/Region | South Africa |
| Regulation | FSCA (License Number 48296, Clone Warning), CySEC (Mount Nico Corp Ltd, License Number 226/14) |
| Market Instruments | Forex, Commodities, Crypto, CFDs, Stocks, Indices |
| Demo Account | ✅ |
| Leverage | Up to 1:400 |
| Spread | Starting from 0.9 pips (VIP Account) |
| Trading Platform | MetaTrader 4, eXcentral Web Platform, Android App |
| Min Deposit | $250 |
| Customer Support | Email: inquiries@excentral-int.com |
| Phone: Available upon request | |
| Address: Unit 6C3, 159 Rivonia Rd, Sinosteel Plaza, Morningside, Gauteng, South Africa | |
eXcentral provides commodities, Forex, and CFDs among other trading instruments. It gives traders access to MetaTrader 4 as well as its own web platform. Though CySEC controls it, there is a clone warning about FSCA control.
| Pros | Cons |
| Proprietary platform and MT4 available | Clone license warning from FSCA |
| Educational tools and webinars | High minimum deposit requirement |
Under license number 226/14 the Cyprus Securities and Exchange Commission (CySEC) controls eXcentral. Mount Nico Corp. is the licenced institution.
However, there is also a dubious clone notice connected to a different license from the Financial Sector Conduct Authority (FSCA) in South Africa. The entity OM Bridge (PTY) Ltd claims control but is under suspicion as a clone.
| Regulatory Status | Suspicious clone |
| Regulated by | FSCA |
| Licensed Institution | OM Bridge (PTY) Ltd |
| Licensed Type | Financial Service Corporate |
| Licensed Number | 48296 |
Registered on March 4, 2014, the domain excentral.com is still valid with a March 4, 2025 expiration date.
eXcentral offers over 160 CFDs, including Forex (47 pairs), Commodities, Stocks, Indices, and Cryptos.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Crypto | ✔ |
| CFD | ✔ |
| Indexes | ✔ |
| Stock | ✔ |
| ETF | ❌ |
Each of the four active account types available from eXcentral—Classic, Silver, Gold, and VIP—fits for different trading levels. Additionally accessible for practice is a demo account. The accounts vary in services, including access to account managers, as well as in spread.
eXcentral provides leverage up to 1:400, which, particularly for new traders, greatly increases risk even when it can boost possible earnings.
With spreads starting at 0.9 pips for VIP accounts and 2.5 pips for lower-tier accounts, eXcentral's fees are somewhat expensive relative to the industry average.
The withdrawal cost is $10; depending on the length of inactivity on the account, inactivity fines run from $80 to $200.
| Deposit Fee | Not mentioned |
| Withdrawal Fee | $10 |
| Inactivity Fee | $80 - $200 |
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 4 | ✔ | Web, Mobile, Desktop | All traders |
| eXcentral Web Platform | ✔ | Web | All traders |
| Android App | ✔ | Mobile (Android) | Traders on the go |
eXcentral charges a $10 withdrawal fee, and the minimum deposit is $250.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Credit/Debit Cards | $250 | Not mentioned | Not mentioned |
| Bank Wire Transfer | $250 | Not mentioned | Not mentioned |
| Skrill | $250 | Not mentioned | Not mentioned |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Credit/Debit Cards | Not mentioned | $10 | Not mentioned |
| Bank Wire Transfer | Not mentioned | $10 | Not mentioned |
The Cyprus Securities and Exchange Commission (CySEC) has settled with Mount Nico Corp Ltd, the operator of the trading brand, eXcentral and NicoFX. The regulated company has already paid €290,000 as a part of the settlement for possible violation of regulations.
The Cyprus Securities and Exchange Commission (CySEC) today announced a EUR 290,000 settlement with Cyprus investment firm (CIF) Mount Nico Corp Ltd. The company operates through brands such as NicoFX and Excentral.
According to a recent survey conducted amongst regular readers of eXcentral's blog, a large majority refer to it as one of the top sources for daily financial information and news. The survey, reaching thousands of readers with different demographic and geographic backgrounds, provides positive findings for the brand and its blog.
eXcentral EU is an international broker offering instruments on its web trader and MT4. See our review for withdrawals, demo accounts & more.
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FX3857642322
Taiwan
It was a fraud platform. Unable to withdraw. I deposited but could not withdraw when making profits. It asked me to upgrade membership. It was a scam.
Exposure
FX1410060635
Chile
My cousin made the transfer for the amount of 1370$ because I don't know how to use the Internet very well, after that it was reflected on the board and the next day there was nothing and they wash their hands like Pilate.
Exposure
FX3554203618
Taiwan
I started transaction on this platform from August 17 and deposited. Then they continued to persuade me to add deposit. When I wanted to withdraw, it asked for several fees. I paid those fees until my account consumed up. Do not trust this fraud platform.
Exposure
林5029
Thailand
The people of excentral are skilled at stealing your money. I am writing this review to warn others away from these con artists since I, too, fell for their fraud.
Positive
FX1150342439
Taiwan
It asked me to deposit $251 for the first time and another $250 for transaction due to risk consideration. Then it request remittances by providing high profits. Even if we set a stop loss, it will continue to ask you to deposit with insufficient margin. In the end, the profitable account will directly become negative. It will also ask you to remit but I refuse. Then my account was blocked. It has been confirmed that there is no office in the registered place.
Exposure
FX2504551491
Taiwan
The platform uses the greed of human nature to induce you to deposit a small amount at first. Managers make thousands of calls to induce capital injection. I asked him how to withdraw. However the account that can only deposit but not withdraw. It takes 4-5 days of review. During this time, he was free to escape with the deposit, or deactivate your account. These platforms do not exist at all, and don't believe that managers teach you to invest for free. Please withdraw the money, and wait 4-5 days to see if the money will be returned to your account by yourself. I was a victim to warn you because I deposited $250, and I had to withdraw 300 for one time to close the position.
Exposure
FX1845775904
Taiwan
The manager controls the investment platform. Unable to withdraw. I’ve reported such situation to eXcentral many times, but the manager lampooned me. I’m a new hand and follow their instructions. But I lost money for their wrong instructions. And they asked me to add more on grounds of margin. What they did is not to help u earn money, making your positions wiped out compulsorily. After they claimed that the customer manager was unfit, they disappeared.
Exposure
FX1845775904
Taiwan
Induce the new hand open a position and close it within 1 minute. The manager refused to admit the situation and lied that the customer operated by mistake.
Exposure
FX4001643582
Hong Kong
I deposited $250 into the platform while the platform claimed to charge service fee!!
Exposure