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Trading Critique

Broker Review

eXcentral - An Honest Broker Review 2023

eXcentral is a financial company based in South Africa that operates as a CFD broker. The company, OM Bridge PTY, owns and runs eXcentral. When trading on eXcentral’s platform using MT4, you can expect fast order processing and access to advanced trading tools.

Table 1: eXcentral Overview

eXcentral - Highlights

Account Types

Classic Account
 
Silver Account
 
Gold Account
 
VIP Account

Demo account

YES

Islamic Account

NO

Market Instruments

 
Indices
 
Commodities
 
Shares
 

Trading Platforms

MetaTrader 4

 
Web-Version
 
Mobile Version
 
Desktop Version

Minimum deposit 

250 USD

Maximum Leverage

1:400

Funding & Withdrawal Methods

Visa, MasterCard
 
E-wallets
 
Wire Transfer

Customer Support

24/5

eXcentral Broker Review - An Intro

eXcentral EU and eXcentral International enable trading in a variety of assets on its MT4 trading platforms. However, is it legit or a scam despite the broker’s appealing characteristics? This tradingcritique.com review will provide the answers.

Image 1: Home Page in the eXcentral Website

A screenshot of the home page of the eXcentral website

Image Copyrights reserved to the eXcentral Website

Regulations and Trust ability Review of eXcentral Broker

Traders from outside the EEA can access the broker’s worldwide website, eXcentral International, established in 2019. It is headquartered in Gauteng, South Africa. The Financial Sector Conduct Authority (FSCA) of South Africa regulates eXcentral International, which is run by OM BRIDGE (PTY) LTD. which is a South African company incorporated under the number 2016/479525/07.

The eXcentral Eu services are mostly focused on the European Economic Area. Mount Nico Corp Ltd, a Cyprus Investment Firm, is the owner of the eXcentral Eu brand, which is licensed & regulated by The Cyprus Securities and Exchange Commission. It is headquartered in Limassol, Cyprus.

EXcentral holds client funds in reputable financial institutions as required by licensing regulations for trader safety and is also a member of the Investor Compensation Fund. It employs Secure Sockets Layer (SSL) encryption with 128-bit encryption and firewalls to provide the highest level of security for your financial transactions.

Table 2: Regulation Details in the eXcentral Website

Entities Name Regulation Country License Number Registered Address

OM BRIDGE (PTY) LTD.

(eXcentral International)

South Africa

FSCA/48296

Unit 6C3, 159 Rivonia Rd, Sino steel Plaza, Morningside Ext 39, Sandton, Gauteng, 2146, South Africa.

Mount Nico Corp Ltd.

(eXcentral Eu)

Cyprus

226/14

Andrea Kariolou 38, Agios Athanasios, Ground Floor, 4102 Limassol, Cyprus.

Review on Accepted and Forbidden Countries of eXcentral Broker

The accounts may be used anywhere in the world, but jurisdiction may be limited where you’re from.

Table 3: Forbidden Countries in the eXcentral Website

Forbidden countries
 Certain EU Member States
 
 The USA
 
 Australia
 
 Canada
 
 Turkey
 
 Israel
 
 British Columbia
 
 Belize

Trading Instruments Review of eXcentral Broker

Over 160 assets, including major, minor, and exotic currency pairings, and cryptocurrencies, are available with eXcentral. In addition, there are indexes and over 75 business shares, including Facebook and Tesla. Traders can diversify their portfolios by investing in a variety of commodities, such as precious metals, energy, and agricultural assets.

Assets of eXcentral

Forex

Indices

Commodities

Shares

Cryptocurrencies

Table 4: Most Popular Assets on the eXcentral Website

Forex Indices Commodities Shares Cryptocurrencies

CATCH

CADJPY

CHFJPY

EURCAD

EACH

EURGBP

USDSEK

USDSGD

USDTRY

USD ZAR

SARPY

USD RUB

USDCNH

USD

USDHKD

USDHUF

USDMXN

USDNOK

USDPLN

NZDCHF

NZDJPY

NZDUSD

GDP

NZDCAD

EUROPE

EURUSD

GBPCAD

GBP CHF

GBPJPY

GBPUSD

USDCAD

USDCHF

USDJPY

ACAD

AUDIO

AUDREY

AND

AUGUST

MURAD

EURHUF

EURNOK

END

ERP LN

EUREKA

AUTRY

GBP AUD

GBPNZD

AUD200

DE30

ES35

F40

JP225

N25

STOXX50

SWI20

UK100

US30

US500

USTED

XAGEUR

AUGUST

XAUEUR

XAUUSD

XPDUSD

XPTUSD

BRENT

COIL

USOIL.f

BRENT.f

COCOA.f

COFFEE.f

COPPER.f

CORN.f

COTTON.f

NGAS.f

SOYBEAN.f

SUGAR.f

WHEAT.f

AAPL.OQ

ADSGn.DE

AIG.N

BNPP.PA

SBUX.OQ

NRG.N

NVDA.OQ

SHOP.N

KHC.OQ

TRIP.OQ

C.N

AIRF.PA

ALVG.DE

AMZN.OQ

BA.N

BABA.N

BAC.N

BAYGn.DE

BBVA.MC

BMWG.DE

DAIGn.DE

DANO.PA

CVX.N

DBKGn.DE

EBAY.OQ

GOOG.OQ

GS.N

IBE.MC

IBM.N

INTC.OQ

F.N

FB.OQ

GM.N

DVMT.N

DAL.N

GILD.OQ

BIDU.OQ

BRKb.N

BKNG.OQ

MGM.N

MCO.N

NKE.N

DIS.N

WIX.OQ

ZM.OQ

BARCLAYS

MODERNA

Aston Martin

NIO

HSBC

Unilever NV

ALCOA

GE

TEVA.P

TOTF.PA

TSLA.OQ

AAL

COIN

QCOM.OQ

RACE.N

SAN.MC

SIEGn.DE

SOGN.PA

T.N

MAP.MC

MCD.N

MSFT.OQ

NFLX.OQ

ORCL.N

CBKG.DE

CSCO.OQ

PFE.N

PG.N

UBER.N

MMM.N

VOWG_p.DE

XOM.N

CGC.N

CRON.OQ

JNJ.N

JPM.N

KO.N

LHAG.DE

LVMH.PA

MA.N

V.N

TWTR.N

BCHUSD

BTCUSD

ETHUSD

LTCUSD

XRPUSD

ACCESS

DOGEUSD

MT4 Trading Platforms Review of eXcentral Broker

EXcentral uses the MT4 platform (Web/Mobile/Desktop), which is extremely easy to use and revolutionary, allowing you to trade from anywhere, even while on the go. MT4 has been around for 15 years and has always been the most popular trading platform.

Features

Image 2: MT4 Trading Platform in eXcentral Website

A screenshot of the home page of the eXcentral which shows the information about the MT4 Trading platform

Image Copyrights reserved to the eXcentral Website

MT4 Mobile Trading

The eXcentral Mobile Trader, which is available for iOS and Android platforms, is offered by the broker. Traders have access to all of the required fundamental & technical analysis tools, as well as real-time predicted profit and loss limit calculations, immediate market execution on all orders, entire transaction history, and dedicated account manager help. The MT4 mobile app is also available from eXcentral  and is accessible on the Apple App Store & Android Google Play.

Image 3: MT4 Mobile Trading Platform in eXcentral Website

A screenshot of the home page of eXcentral which shows the information about the MT4 Mobile Trading platform

Image Copyrights reserved to the eXcentral Website

MT4 Desktop Trading

Windows, Linux, & Mac are all supported by the desktop version. It’s also free and lightweight, so it doesn’t degrade the efficiency of the device it runs on.

Image 4: MT4 Desktop Trading Platform in eXcentral Website

A screenshot of the home page of the eXcentral which shows the information about the MT4 Desktop Trading platform

Image Copyrights reserved to the eXcentral Website

MT4 Web Trading

This is the proprietary platform for trading all the assets of eXcentral. It is web-based and no downloads or installs are required. The platform has a user-friendly layout with several view choices.

Table 5: eXcentral Trading Websites of Supported Languages

No eXcentral Trading Websites Countries Website Languages

1.

Global

English

2.

Arab league

Arabic

Continent-Europe

3.

Germany

German

4.

Poland

Polish

5.

Portugal

Portuguese

6.

Russia

Russian

7.

Spain

Spanish

8.

France

French

Continent-Asia

9.

China

Chinese Simplified

10.

China

Chinese Traditional

11.

Vietnam

Vietnamese

12.

Philippines

Filipino

13.

Malaysia

Malay

14.

South Korea

Korean

15.

Thailand

Thai

16.

Japan

Japanese

17.

Indonesian

Indonesian

18.

India

Hindi

Review on Account Types of eXcentral Broker

eXcentral offers four different account options. Although it is free to establish an account, the broker demands a minimum deposit of USD 250/EUR/GBP to begin trading. These trading accounts combine excellent trading conditions with helpful bonuses, and they’re completely transparent, so you know exactly what you’re getting into before you begin. For both retail and professional clients, the following account types are available:

Account Types of eXcentral

Classic Account

Silver Account

Gold Account

VIP Account

Table 6: Features of all Account Types in the eXcentral Website

Account types Classic Account Silver Account Gold Account VIP Account

Minimum Volume Per Trade

0.01

Maximum Volume per Trade

50

Leverage

1:400

Margin Call

100%

Stop Out

20%

Instruments

All assets

Educational Webinars

YES

Free Support

YES

Free Trading Education

YES

Negative Balance Protection

YES

Spreads

2.5 Pips EUR/USD

2.8 Pips GBP/USD

2.8 Pips USD/JPY

$0.14 Crude OIL

2.5 Pips EUR/USD

2.8 Pips GBP/USD

2.8 Pips USD/JPY

$0.14 Crude OIL

1.8 Pips EUR/USD

2.3 Pips GBP/USD

2.3 Pips USD/JPY

$0.13 Crude OIL

1.4 Pips USD/JPY

0.9 Pips EUR/USD

1.4 Pips GBP/USD

$0.10 Crude OIL

Swaps Discount Period

-

-

Available

Available

Full Account Overview

-

-

Monthly

Weekly

VIP Webinars

-

-

YES

YES

Dedicated Account Manager

-

-

YES

YES

Dedicated Senior Account Manager

-

-

-

YES

Image 5: Trading Accounts of the eXcentral Website

A screenshot that depicts the information about Trading accounts on the eXcentral website

Image Copyrights reserved to the eXcentral Website

Demo Account Review of eXcentral Broker

When Traders sign in, they will be access to a demo account. It is packed with $100,000 of virtual trading funds and is integrated into the online trading platform.

Review on Fees and Commissions of eXcentral Broker

The Company charges a monthly inactivity fee if there are no deposits, withdrawals, or trading activity on the Trading Account for one month or longer. The Maintenance Fee will be charged each month. There is a predetermined swap cost for keeping trades open overnight in commodities and indexes. Even though the markets are closed on Saturdays and Sundays, banks still compute interest on any positions maintained over the weekend. On Wednesdays, eXcentral uses a 3-day rollover technique to close the time difference.

Table 7: Fees & Commissions on the eXcentral Website

Inactivity Fees

Over 6 Months

200 USD

2 to 5 Months

120 USD

1 Month

80 USD

Maintenance Fees

Maintenance Fee (Monthly)

10 USD

Funding Methods Review of eXcentral Broker

The client is not charged any fees for deposits. You may fund your eXcentral account using a variety of methods, including Visa/MasterCard credit/debit card deposits, e-Wallets (Skrill, Neteller), and wire transfers. EUR, USD, and GBP are the currencies available for a deposit. For the eXcentral, the minimum deposit is $250.

Table 8: Funding Method, Minimum Deposit, Maximum Deposit & Processing Time on the eXcentral Website

Deposit Method Minimum Deposit Daily Maximum Deposit Monthly Maximum Deposit Processing Time

E-wallets: Neteller

Skrill

$250

Unlimited

Unlimited

3-5 Working Days

Credit or Debit Cards

$250

$10,000

$40,000

5-7 Working Days

Wire Transfer

$250

Unlimited

Unlimited

3-5 Working Days

Image 6: Available Deposit Methods on the eXcentral Website

A Screenshot that shows the information about Deposit methods on the eXcentral website

Image Copyrights reserved to the eXcentral Website

Withdrawal Methods Review of eXcentral Broker

Withdrawal costs are excluded for clients with properly verified accounts & trading activity. A fee will be charged for any other withdrawal requests. At the time of your request, you have the option of withdrawing all of your available funds from your account. The minimum amount you may withdraw from your eXcentral account is USD 50 through a credit card and USD 100 via wire transfer. You can withdraw any amount using e-wallets as long as the amount covers the costs

Table 9: Withdrawal Method, Fees & Processing Time in eXcentral Website

Withdrawal Method Fees % Processing Time

E-wallets:

 Neteller

Skrill

3.5%

2%

3-5 Working Days

Credit or Debit Cards

3.5%

5-7 Working Days

Wire Transfer

$30

3-5 Working Days

Basic Currencies Review of eXcentral Broker

Basic Currencies of eXcentral

USD

EUR

GBP

Leverage Review of eXcentral Broker

The maximum leverage permitted is 1:400 for trading assets in the eXcentral,

Table 10 : Withdrawal Method, Fees & Processing Time in eXcentral Website

Account types Leverage

Classic

1:400

Silver

Gold

VIP

Trading Hours Review of eXcentral Broker

Table 11 : Trading Hours on the eXcentral Website

Asset Trading Hours

European CFDs

Monday 10:00 - Friday 18:30

US CFDs

Monday 16:30 - Friday 23:00

Commodities

Monday 00:00 - Friday 23:45

Forex

Monday 00:00 - Friday 23:45

Cryptocurrencies

Monday 00:05- Friday 23:55

Education and Research Review of eXcentral Broker

You may learn more about the immersive experience of trading by attending its weekly free webinar. It offers a distinctive and fascinating eXcentral Academy featuring trading eBooks and Videos, as it was established on the idea of training before trading. In addition, there are MT4 video training, live weekly webinars, a blog, and daily signals. The economic calendar on the main website page is also a helpful tool for staying up to date on current developments throughout the world.

Image 7: Blog Section in the eXcentral Website

A Screenshot that shows the information about the Blog section on the eXcentral website

Image Copyrights reserved to the eXcentral Website

Rewards & Risk Review of eXcentral Broker

eXcentral has both advantages and disadvantages which are listed in table 12.

Table 12 : Rewards and Risks of the eXcentral

Pros Cons
Invest in global markets with favorable exchange rates.
 
Use free fundamental & technical tools to analyze the markets.
 
On-demand Market Analysts and assistants are available 24 hours a day, 5 days a week.

 There are no bonus codes available.

 Fees for withdrawals.

 Fees for Inactivity.

Customer Support Review of eXcentral Broker

You can simply fill out the form with the query and a chosen callback date & time. You may also contact it by using the Live Chat function, sending an email, or calling it. Users have the option of requesting a callback in their native language and also have the FAQ section to clear the queries of clients. EXcentral customer assistance is accessible 24 hours a day Monday through Friday. Emails & call-back requests may take up to 12 hours to respond to, making them unsuitable for urgent contact. Getting in touch with an agent via phone or live chat takes a couple of minutes.

Table 13 : Customer Support Numbers in the eXcentral Website

Social Media Pages of eXcentral eXcentral provides Websites in 18 Languages

Facebook

English

German

Chinese Simplified

Arabic

Chinese Traditional

French

Vietnamese

Filipino

Polish

Malay

Korean

Portuguese

Thai

Japanese

Russian

Indonesian

Hindi

Spanish

YouTube

Twitter
Instagram

Pinterest

Contact Number

eXcentral International

+27871951005

eXcentral EU

+35725008133

In a Nutshell

Finding the best brokerage company can be a challenge, but Tradingcritique.com simplifies the process. Our website features detailed reviews of the top brokers and high-quality trading advice enabling you to choose the best fit for your needs.

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Image 8: Trading Sessions of Margin in Ninja trader website

Assets Forex Commodities Crypto Indices Shares

Leverage Ratio

1:200

Except:

USDMXN – 1:50

1:200 – XAUUSD

1:33 – WTICrude

            Brent Crude

            WTISpot

            Brent Spot

1:33- BTCUSD

1:10-ETHUSD

         LTCUSD

1:50

1:5

Table 5: Trading hours of the FXChoice

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