eXcentral Broker Review
eXcentral is a new international online broker for investing in CFD’s on a range of items like Forex, Crypto and Stocks. The company was launched in June of 2019 making them a fairly young broker. eXcentral offers investors and day traders like yourself, an easy to use web-based CFD trading platform called TraderSoft.
Available for trading are hundreds of underlying assets from Crypto, Forex, Stocks, Commodities and Market Indices. The trading platform has three sections for CFD, Forex, Simplified Forex and Crypto.
Investors will quickly see that this broker offers a web based desktop trading platform, along with mobile apps. Acknowledging the many benefits of the Meta Trader software, eXcentral opted for the MT4 version; given that at the moment eXcentral is an exclusively CFDs trading broker. However, in the future the Broker might consider the MT5. If you are looking for an MT5 broker, look here.
Standard leverage on Forex pairs like EUR/USD is 30:1 in Europe or 400:1 in South Africa. Their indicative spreads start at 2.5 pips. Bitcoin, Litecoin, Ethereum and Ripple CFD’s are listed on the Dollar and Euro. Minimum deposit requirement for a live trading account starts at $250.
Automated Trading Software
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eXcentral Licenses & Regulatory Oversight
The correct way for new investors to research their online broker to determine if the broker is a legit company, or a scam broker, is by verifying a valid government license. 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.
eXcentral operates a European licensed website and a South African licensed website.
- EU.excentral.com is owned by Mount Nico Corp Ltd, which is licensed by CySEC in Cyprus license number 226/14. They are located at: Andrea Zappa & Makedonon 4, Honey Court V, 1st floor, Office 11A, 4040 Limassol, Cyprus. Email address is: email@example.com, and the phone number is: +35724024022.
- Excentral-int.com is owned by OM BRIDGE (PTY) LTD, which is licensed by the FSCA in South Africa, with license number 48296. They are located at: 159 Rivonia Road, Unit 6D2, Morningside Ext, Sandton, Gauteng, 2146, South Africa. Email address is: firstname.lastname@example.org, and the phone number is: +27105951261.
Trading with a licensed broker usually means that you will not have problems withdrawing your money like these people, read this.
Compare Forex Brokers
You can choose from thousands of CFD Trading companies online, however people usually invest with one of the best brokers listed here.
What was your experience investing with eXcentral? Please share your feedback in the comment section below.