eXcentral broker review
On this page, we review broker excentral, one of the very good advantages of the eXcentral broker website is the support of multiple languages such as English, German, Italian, etc. Stay with us for more information about eXcentral Broker.
| Broker name | eXcentral |
| Established year | 2019 |
| Spread rate | average |
| Central office | Cyprus |
| Regulation | CYSEC & FSCA |
| Minimum deposit | 1 $ |
| The easiest way to deposit and withdraw | Visa and MasterCard |
- eXcentral Broker Review Summary Table
Cent Account
Copy Trading
Spread Reduction Trick
Islamic Account
Permission To Trade Scalping
What you will read on the eXcentral broker page:
- excentral broker review video
- What is excentral?
- excentral broker credit
- Where is the head office of excentral Broker?
- excentral broker history
- Table of introduction and comparison of account types in excentral broker
- The amount of spread in the excentral broker
- Islamic account in excentral broker
- Deposit and withdrawal in excentral broker
- excentral broker bonuses
- Necessary documents for identity verification
- excentral broker trading platforms
- excentral copy trading broker
- Advantages and disadvantages of excentral broker
What is eXcentral?
Excentral is the name of one of the active brokers in the market, which is a member of the Investor Compensation Fund, meaning that the excentral broker is obliged to keep the users’ funds separate. Also, the excentral broker offers users five types of multiple trading accounts, and the variety of trading accounts can be considered one of this broker’s positive features.
excentral broker credit
One of the very good and validating benefits of an excentral broker is having a regulation, which gives traders the security of remembering that the relevant broker is under the supervision of regulatory organizations. Still, the excentral broker does not have much of a history of activity, and as more time passes, it can be trusted more.
excentral broker rules
eXcentral broker has CYSEC and FSCA regulations.
Where is the head office of excentral broker?
Excentral Broker has a central office located in Cyprus.
How many years of experience does excentral broker have?
Exentral broker started its activity in 2019.
Table of introduction and comparison of account types in excentral broker
| Profile / account name | Vip diamond | Vip | Gold | classic | Silver |
|---|---|---|---|---|---|
| Minimum deposit for opening | optional | optional | 25000 $ | 250 $ | 2500 $ |
| Spreads | Starting from 0.9 | Starting from 0.9 | Starting from 1.8 | Starting from 2.5 | Starting from 2.5 |
| Commission | 0 | 0 | 0 | 0 | 0 |
| Maximum leverage | 1:400 | 1:400 | 1:400 | 1:400 | 1:400 |
| Ability to trade currency pairs | Yes | Yes | Yes | Yes | Yes |
| Ability to trade stocks and indices | Yes | Yes | Yes | Yes | Yes |
| Possibility of digital currency trading | Yes | Yes | Yes | Yes | Yes |
| Scalp permission | Yes | Yes | Yes | Yes | Yes |
| Permission to use Expert | Yes | Yes | Yes | Yes | Yes |
According to the table above, we find out that the excentral broker offers users five different types of trading accounts, which we will examine further.
Opening a classic account in excentral broker
The minimum deposit for me to open a classic account in the excentral broker is $250, this account has a maximum leverage of 1:400, and its spread starts from 2.5 pips and has no commission.
Opening a silver account in excentral broker
To open a silver account in the excentral broker, you need a minimum deposit of 2500 dollars, the spread of this account starts from 2.5 pips, and traders in this account can use the maximum leverage factor of 1:400. Also, one of the advantages of this account is that there is no commission.
Opening a gold account in excentral broker
The minimum deposit for opening a gold account in the excentral broker is 25,000 dollars, which is relatively high; this account has no commission, its spread starts from 1.8 pips, and the maximum leverage ratio that can be used in it is 1:400.
Opening a vip account in excentral broker
Excentral broker has not defined any amount as a minimum deposit in its broker; in fact, the minimum deposit in this account is optional. Also, another advantage of this account is no commission; the spread of this account also starts from 0.9 pips, and the maximum leverage can be used. It is 1:400.
Opening a vip diamond account in external broker
You can open this account with any amount of deposit you want and enjoy its advantages, such as no commission and maximum leverage of 1:400. Also, the spread of this account starts from 0.9 pips.
excentral broker spread
The minimum starting spread in the excentral broker is 0.9 pips, specific to vip and vip diamond accounts.
excentral broker Islamic account
Unfortunately, eXcentral broker does not support Islamic account.
How much deposit can you open a real account in excentral broker?
The excentral broker has not defined the minimum deposit amount in some accounts, such as vip and vip diamond. Users can open these two accounts with any deposit amount they want. Still, the minimum deposit amount defined in other accounts is $250.
Deposit and withdrawal in excentral broker
Deposit and withdrawal methods in excentral broker include the use of giro pay, bank transfer, eps, sofort, visa and mastercard, etc.; of course, it is necessary to pay attention to the fact that if your deposit is with a bank card, information such as the back and front images must be provided. Present your card to the support, and if you have used an electronic wallet to make a deposit, it is mandatory to send information such as a screenshot of the wallet account along with email etc.
excentral broker bonus
Currently, the excentral broker does not offer any bonuses to users.
What documents are required to verify identity in excentral broker?
To verify your identity in Excentral Broker, it is necessary to send documents such as documents confirming your identity, such as a passport, certificate, etc., as well as documents confirming your address, such as sending utility and electricity bills. Of course, you should note that if your address changes, you should send new documents to this broker’s support.
Tradable assets and trading in excentral broker
Tradable and traded assets in excentral broker are currency pairs, digital currencies, stocks and indices, commodity goods, etc.
excentral broker trading platforms
To use excentral broker services, you can use MetaTrader 4 trading platform; click on the following links to download this platform.
MetaTrader 5
MetaTrader 4
excentral broker Copy trading
According to the investigations we did. Unfortunately, it is not possible to copy the transactions of other traders in excentral broker, which is one of the disadvantages of excentral broker.
excentral broker scam
Since it is very important to pay attention to the history or lack of history of fraud of brokers, for this reason, in this section of the website, we examine all the brokers that we have introduced in terms of having or not having a history of fraud, fortunately, so far we have not had any reports. We have not received any reports of excentral broker fraud, and it seems that this broker has provided its services to traders without breaking the rules.
Advantages of excentral broker
- No restrictions for opening some accounts
- having a rule
- Variety of trading accounts
Disadvantages of excentral broker
- Not having an Islamic account
- Not having a copy trade system
- Little history
