eXcentral Review

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General Information
Broker Name: eXcentral
Broker Type: Forex & CFD
Country: South Africa
Operating since year: 2020
Regulation: CySEC, FSCA
Address: Unit 6C3, 159 Rivonia Rd, Sinosteel Plaza, Morningside Ext 39, Sandton, Gauteng, 2146, South Africa
Broker status: Active
Customer Service
Phone: +357 24 024022
Email: [email protected]
Languages: English
Availability: 24/7
Trading
The Trading platforms: MetaTrader4
Trading platform Time zone: EET
Demo account: Yes
Mobile trading: Yes
Web-based trading: Yes
Bonuses: Yes
Other trading instruments: Yes
Account
Minimum deposit ($): $250
Maximal leverage: 1:400
Spread: As low as 0.9 pips
Scalping allowed: Yes

REVIEW CONTENT

  • GENERAL INFORMATION
  • FUNDS TRADING AND SECURITY
  • THE TRADING ACCOUNTS
  • TRADING CONDITIONS
  • TRADING PLATFORM
  • EXCENTRAL’S TRADING PRODUCTS
  • CUSTOMER SERVICE
  • CONCLUSION

eXcentral Review 2021: screenshot from excentral site

General Information

eXcentral is a new broker that’s starting to make an impact on the online brokerage world. Its services focus on providing forex and CFD trading, but the firm also includes other assets in its lineup. Because of that and its multiple licenses, it’s been attracting the attention of a variety of traders. Our eXcentral review will help you decide if the broker is one that’s worth trying out.

If there’s one thing that we ask from brokers, it’s that they stand out. The online broker market is saturated to the point where firms seem like copies of each other. Whether it’s with a unique service or simply one that exceeds competitors’ quality, a broker needs to pop out. In eXcentral’s case, their professionalism, attention to detail, and care for new users are the X-factor.

Naturally, those aren’t the broker’s only great qualities, as it backs those up with a top-notch trading experience. However, you notice those three details from the get-go. The website is professionally crafted, intuitive, and clear, with a nice blend of static and dynamic elements. Those lead to an appealing design, both visually and functionally. It also shows you some interesting details right on the home page, grabbing your attention immediately.

A part of those details are the top assets you can trade, including a list of both the most traded assets and the top gainers. They can serve as a guide for newbies, and the excellent on-site education only boosts that further. The eXcentral broker evidently paid a lot of attention to enabling traders to be the best they can be. Let’s look at some of our favorite features from excentral.com:

live markets updates financial feed

·      Security

Safety is undoubtedly one of the most vital components of a quality brokerage. As such, a broker needs to be safe if they want to compete with the top dogs on the market. That includes safety from outside threats and proof of their proper functioning. The broker provides users with both, as we’ll elaborate later in our eXcentral review.

·      Education at eXcentral

Education is something many brokers provide, although it’s an afterthought for most rather than a primary feature. So what makes eXcentral’s educational experience better than others? Simply put, it’s that the broker goes beyond simply teaching you the bare necessities of what you need to know. The firm also covers a bunch of topics that might be interesting to traders via its webinars. It also has interactive courses and many other innovative features, making learning less of a chore.

·      Clarity

As most traders are aware, a lot of brokers omit significant information from their websites. Naturally, some of them are scams and do it on purpose, but others aren’t the best at web design. Because of that, you have to rely on customer service for answers or gamble when signing up. Conversely, eXcentral is both clear and intuitive navigation-wise. Traders will have a simple time inspecting the broker’s service and finding out all they wish to know.

Funds Trading and Security at eXcentral

eXcentral: trade with regulated broker

As we mentioned earlier, security is vital, especially when trading CFDs. It seems like CFDs attract most scam brokers, so it’s crucial to be extra careful. Luckily, eXcentral gives users no reason to worry at all, with a complete set of security-ensuring features.

Let’s start with their regulation, which many consider crucial when choosing a broker. Since the eXcentral broker has two branches, an international and Europe-based one, it also has multiple regulators. South Africa’s Financial Sector Conduct Authority (FSCA) and Cyprus Securities and Exchange Commission (CySEC) are there to ensure smooth functioning. Because of that, there’s minimal room for error on the broker’s end, as its customers have an official outlet to seek compensation.

On top of that, the broker follows the MiFID II regulation. That means newer traders have some extra risk-reducing features attached to their accounts. That stops them from getting ahead of themselves and ensures that those who can maximize risk are aware of what they’re doing. We consider that enough to fulfill internal security requirements for the broker.

As for protection from outside threats, the broker employs a simple but effective encryption pair and 2FA. The first scrambles your info, and the second keeps your account in your own hands. Even though they may seem a tad basic, the two measures go a long way towards deterring hackers. The fact that the broker hasn’t had any hacking incidents proves that.

From that, it should be apparent that there’s nothing to worry about with eXcentral. The broker takes more precaution than the vast majority of competitors in ensuring its customers remain secure.

The Trading Accounts

As we stated earlier in our eXcentral review, it has top-notch trading besides its other commendable conditions. That starts from its account typing, allowing users to customize how they want to experience the service. There’s the usual tier-based division and the MiFID II-adhering retail-pro split.

The first serves to reward loyalty and is based on investment levels and longevity with the broker. When you feel like you’ve done enough to upgrade, you can discuss it with eXcentral. However, it’s vital to note that the accounts don’t have massive advantages over each other. Upgrading is a luxury, and you won’t feel that anything is missing, even at the lowest type.

The other split is perhaps even more impactful since it uncaps leverage on all accounts, moving it from 1:30 to 1:400. The fact that the upgrade doesn’t ask for any extra investments favors traders even more. All you’ll need to do is submit the documentation eXcentral requires. Here are some of the account types at excentral.com to help you decide which fits you best:

eXcentral trading accounts

Classic

  • Leverage: 1:30 (Retail)/1:400 (Pro)
  • EURUSD Spread: 2.8 Pips
  • Minimum Volume/Trade: 0.01
  • Maximum Volume/Trade: 50

Silver

  • Leverage: 1:30 (Retail)/1:400 (Pro)
  • EURUSD Spread: 2.8 Pips
  • Minimum Volume/Trade: 0.01
  • Maximum Volume/Trade: 50
  • Educational Webinars

Gold

  • Leverage: 1:30 (Retail)/1:400 (Pro)
  • EURUSD Spread: 1.8 Pips
  • Minimum Volume/Trade: 0.01
  • Maximum Volume/Trade: 50
  • Educational Webinars
  • Trading Signals via SMS from Trading Central
  • Full Account Overview: Monthly
  • VIP Webinars
  • Dedicated Account Manager

VIP

  • Leverage: 1:30 (Retail)/1:400 (Pro)
  • EURUSD Spread: 0.9 Pips
  • Minimum Volume/Trade: 0.01
  • Maximum Volume/Trade: 50
  • Educational Webinars
  • Trading Signals via SMS from Trading Central
  • Full Account Overview: Weekly
  • VIP Webinars
  • Dedicated Account Manager
  • Dedicated Senior Account Manager

Trading Conditions

The trading conditions at eXcentral are nothing short of excellent. As we said earlier in our eXcentral broker review, it focuses on forex and CFDs trading. That means it’s a prime target for those that employ day trading tactics, making its high 1:400 leverage quite a significant bonus. On top of that, it doesn’t have any fees or extra charges, while its spreads are quite low. That puts it above most other brokerages as it costs users less.

Next, it has excellent account typing, allowing for a customizable experience on users’ ends. The eXcentral broker also has a healthy variety of assets, allowing for diversification. Lastly, both the MetaTrader4 platform and the other proprietary platform work great for trading CFDs.

Lastly, we’d like to mention its stand-out educational experience once more, as it allows users to progress quickly. It even covers some sophisticated trading topics, helping all traders whether they are intermediate or advanced. The broker also has a whole host of analytical tools, allowing users to improve their prediction precision. Those include news, charts, market summaries, calculators, and other related tools.

Trading Platform

metatrader trading platform at eXcentral

The broker offers two options to users in MetaTrader4 and its proprietary platform. For MT4, the downloadable and mobile options are available, and the eXcentral Trader comes in web and mobile versions. That means mobile traders have a variety of choices, while it’s more clear-cut for others. You can preview the proprietary web platform by pressing the trade area button on excentral.com.

Both MetaTrader and the eXcentral Trader are excellent, with intuitive interfaces and analytical features. As such, the choice comes down to whether you prefer to use downloadable, web, or mobile versions.

eXcentral’s Trading Products

As we have said multiple times through our eXcentral review, the broker has a solid set of assets. One detail we’d like to commend is that it lays out the full list on its product specifications page. As such, you’ll know whether you’re content with the selection and whether the trading instruments you prefer are present. Here’s a list of the categories you can expect to find at eXcentral:

  • Forex
  • Commodities CFDs
  • Indices CFDs
  • Stocks CFDs
  • Cryptocurrencies CFDs

Customer Service at eXcentral

The broker’s support team is nothing short of excellent, providing services around the clock. That means the operatives even work during the weekend, making the process of resolving issues much simpler. That’s especially vital for non-critical problems or questions, as you don’t need to waste your trading time throughout the week. Instead, you can use weekends to solve any issues bothering you.

Phone: +357 24 024022

Email: [email protected]

customer service

Conclusion

This broker has succeeded where many other brokerages failed. It manages to provide a unique experience that still maintains a high level of quality. Throughout our eXcentral review, we’ve praised their trading, security, and just every other condition. That’s because the broker exposes no weak points, handling itself better than even well-established firms.

It also has one of the most comprehensive and interesting educational experiences we’ve seen. While other brokers provide reading or video materials and call it a day, eXcentral introduces a dynamic element. Its interactive courses and live webinars make learning way less tedious and make your progress apparent. As such, improving is much more visible, quicker, and feels better.

As far as security goes, the broker provides everything you could wish for. It adheres to trader-protecting regulations while operating under two watchdogs. It also has no history of misdeeds or hackings. That information tells us that the broker’s formula is quite successful.

The fact that we like the experience the broker provides is apparent from our eXcentral review. As such, we recommend trying it out for yourself, especially if you’re into trading CFDs.

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