eXcentral Broker Review – wide range of assets but high spreads

eXcentral.com is a CFD broker that offers CFDs on forex pairs, stocks, indices, commodities, cryptocurrencies and ETFs for trading. Learn more about CFDs. Xcentral is operated by Mount Nico Corp Ltd and is regulated by CySEC (license 226/14). The minimum deposit for eXcentral broker is set at $250. The broker’s website is available in multiple languages.

eXcentral review – Broker overview

Minimum deposit	250 USD
Platform	MT4
Regulated broker	Yes
Regulations	CySEC
Demo account	N/A

Special features and advantages

Automatic trading (EAs)

Trading platforms

eXcentral offers its clients the MT4 trading platform. This platform is very popular among traders and serves very well not only for opening and closing trades, but also for analyzing the markets. The MT4 platform also supports automated trading systems (EAs). MT4 can be used either directly from a web browser, or the platform can be downloaded to a computer or mobile device.

eXcentral fees (spreads)

Just like any other CFD broker, eXcentral charges a spread fee. For the current value of this fee, please visit eXcentral’s website. We have prepared a small comparison table here, where you can find the amount of eXcentral spread fees on popular currency pairs compared to 2 other popular CFD brokers.

EUR/USD	EUR/USD	USD/JPY	GBP/USD	AUD/USD
Plus500*	0.6	0.7	1.1	0.6
XTB*	0.8	1.4	2.0	1.7
eXcentral**	2.5	2.8	2.8	N/A

eXcentral – Review summary

eXcentral must comply with the strict regulatory guidelines of the CySEC regulatory authority. The broker charges quite high fees (spreads). Better conditions are available only in VIP account with a spread on the EUR/USD currency pair of 0.8 pips, but unfortunately there is no information on the broker’s website about how to get this type of account. The broker offers the popular MT4 trading platform. Whether a demo account is also available at the broker is unknown to us, as there is no mention of a demo account on the website. The number of assets available for trading on the platform is decent, with something around 300 to be found.

Advantages

• Decent amount of assets on offer
• Relatively strict regulation

Disadvantages

• No information about demo account
• High spreads
• The absence of MetaTrader 5

eXcentral Review – Broker rating