Score
eXcentral
Cyprus|10-15 years| https://eu.excentral.com
Website
Rating Index
Influence
Influence
D
Influence index NO.1
Latvia 2.53Contact
Single Core
1G
40G
1M*ADSL
- The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
Basic 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.
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.
CyprusAccount Information
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Sources
Language
Mkt. Analysis
Creatives
WikiResearchWebsite
excentral.com
Server Location
United States
Website Domain Name
excentral.com
Server IP
104.24.112.225
Genealogy
VIP is not activated.Company Summary
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 Information
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 and Cons
| Pros | Cons |
| Proprietary platform and MT4 available | Clone license warning from FSCA |
| Educational tools and webinars | High minimum deposit requirement |
Is eXcentral Legit ?
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.
What Can I Trade on eXcentral
eXcentral offers over 160 CFDs, including Forex (47 pairs), Commodities, Stocks, Indices, and Cryptos.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Crypto | ✔ |
| CFD | ✔ |
| Indexes | ✔ |
| Stock | ✔ |
| ETF | ❌ |
Account Types
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.
Leverage
eXcentral provides leverage up to 1:400, which, particularly for new traders, greatly increases risk even when it can boost possible earnings.
eXcentral Fees
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.
Non-Trading Fees
| Deposit Fee | Not mentioned |
| Withdrawal Fee | $10 |
| Inactivity Fee | $80 - $200 |
Trading Platform
| 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 |
Deposit and Withdrawal
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 | $10 | Not mentioned |
Keywords
- 10-15 years
- Regulated in Cyprus
- Straight Through Processing(STP)
- Suspicious Scope of Business
- Suspicious Overrun
- High potential risk
News
News WIKIFX REPORT: CySEC Settles with eXcentral and NicoFX Operator for €290K
The Cyprus Securities and Exchange Commission (CySEC) has settled with Mount Nico Corp Ltd, the operator of the trading brand, eXcentral and NicoFX. The regulated company has already paid €290,000 as a part of the settlement for possible violation of regulations.
2022-07-29 13:52
News WIKIFX REPORT: CySEC reaches EUR 290,000 settlement with NicoFX and Excentral owner
The Cyprus Securities and Exchange Commission (CySEC) today announced a EUR 290,000 settlement with Cyprus investment firm (CIF) Mount Nico Corp Ltd. The company operates through brands such as NicoFX and Excentral.
2022-07-29 13:51
News WIKIFX REPORT: eXcentral Blog Rated Among Top Financial Blogs by Readers
According to a recent survey conducted amongst regular readers of eXcentral's blog, a large majority refer to it as one of the top sources for daily financial information and news. The survey, reaching thousands of readers with different demographic and geographic backgrounds, provides positive findings for the brand and its blog.
2022-07-29 13:49
News eXcentral Review 2021 - Login & Start Trading Online
eXcentral EU is an international broker offering instruments on its web trader and MT4. See our review for withdrawals, demo accounts & more.
2021-12-16 13:30
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FX3857642322
Taiwan
It was a fraud platform. Unable to withdraw. I deposited but could not withdraw when making profits. It asked me to upgrade membership. It was a scam.
Exposure
2021-11-12
FX1410060635
Chile
My cousin made the transfer for the amount of 1370$ 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
2021-11-07
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
2021-08-31
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
2021-07-26
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
2021-07-20
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
2021-04-13
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
2021-04-11
FX4001643582
Hong Kong
I deposited $250 into the platform while the platform claimed to charge service fee!!
Exposure
2020-04-25
FX1247126402
United States
When I wanted to trade with eXcentral, I came to wikifx to check and was surprised to find that many people have been scammed. I think the actual victims will be more. Thanks for the info and I will stay away from this scammer.
Positive
2023-02-20
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
2022-12-11