Profile
eXcentral is a CFD and forex broker offering leveraged trading across multiple asset classes, including currencies, stocks, indices, commodities, and cryptocurrencies. Operated by Mount Nico Corp Ltd, the broker serves clients through the MetaTrader 4 (MT4) platform and a proprietary web trader. This eXcentral review examines the broker’s regulatory status, execution model, supported instruments, trading platforms, account types, and client protections under CySEC regulation.
Regulation and Security
eXcentral is operated by Mount Nico Corp Ltd, a Cyprus Investment Firm regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 226/14. As a CySEC-regulated firm, eXcentral complies with the EU’s MiFID II framework and passporting rules across the European Economic Area (EEA).
Client funds are held in segregated accounts and retail clients are protected by negative balance protection. eXcentral also participates in the Investor Compensation Fund (ICF), which covers eligible clients up to €20,000 in the event of insolvency. However, clients outside the EEA may be served by a different, non-EU entity, which may not offer the same level of protection.
Execution Model
eXcentral uses a market maker model, acting as the counterparty to client trades. While this allows for simplified trade execution and fixed spreads on certain account types, it also introduces a potential conflict of interest. The broker does not offer ECN, STP, or DMA execution. Trade orders are processed internally, which can result in slippage during volatile periods.
Trading Platforms and Tools
Clients can choose between two platforms:
- MetaTrader 4 (MT4) – Desktop and mobile versions available; supports indicators, Expert Advisors (EAs), and custom scripts
- eXcentral Web Trader – A proprietary browser-based platform with simplified functionality for newer traders
MT4 is the preferred choice for advanced traders, while the web trader suits clients seeking a lightweight, user-friendly interface. The platform lacks support for MetaTrader 5 (MT5), FIX API access, or algorithmic strategy integration beyond MT4.
Supported Instruments
eXcentral offers CFD trading on more than 160 instruments, including:
- Forex – Majors, minors, and exotics
- Indices – Global equity benchmarks like S&P 500, DAX, FTSE 100
- Stocks – U.S., UK, and European equities via CFDs
- Commodities – Gold, oil, natural gas, and agricultural products
- Cryptocurrencies – BTC/USD, ETH/USD, LTC/USD and others
All instruments are traded via CFDs, meaning clients do not own the underlying assets. This allows for short selling and leverage but does not permit physical delivery or voting rights for stocks.
Account Types and Trading Conditions
eXcentral offers four main account types, each with tiered features:
- Classic – Basic market access with standard spreads
- Silver – Lower spreads, limited educational support
- Gold – Tighter spreads, webinars, and dedicated account manager
- VIP – Priority support, premium analysis, and lowest spreads
Key trading features:
- Leverage up to 1:30 for retail clients (per ESMA rules)
- Spreads vary by account type and instrument
- Base currencies include EUR, USD, and GBP
- Order types: market, limit, stop, trailing stop (via MT4)
Professional clients may access higher leverage after completing an eligibility assessment.
Retail and Institutional Features
eXcentral is retail-focused and does not offer dedicated institutional services. Features include:
- Basic market education via videos and webinars
- Economic calendar and earnings announcements
- Personal account managers (Gold/VIP tiers)
No multi-asset margining, FIX API, prime brokerage, or custom liquidity is available. The platform is not suitable for fund managers, hedge funds, or proprietary trading firms.
Client Protection and Transparency
CySEC-regulated clients benefit from the following protections:
- Segregated client accounts
- Negative balance protection
- Investor Compensation Fund (up to €20,000)
- MiFID II transparency and disclosure requirements
eXcentral publishes legal documentation, risk disclosures, and order execution policies in accordance with regulatory guidelines. However, there is limited transparency around execution speed, order rejection rates, or dealing desk practices.
Base Currencies, Order Types, and API Access
Supported base currencies include EUR, USD, and GBP. Clients can place the following order types via MT4 or the web platform:
- Market orders
- Limit and stop orders
- Trailing stops (MT4 only)
No open API or FIX connectivity is available. Advanced automation is limited to Expert Advisors on the MT4 platform, with no custom API or back-end integration supported.
Pros and Cons
- Pros:
- CySEC-regulated with MiFID II compliance
- Choice of MT4 and proprietary web platform
- Access to multiple asset classes via CFDs
- Tiered account structure with added features
- Retail protections including segregated funds
- Cons:
- Market maker model may involve conflict of interest
- No MT5, FIX API, or institutional trading access
- Limited transparency around execution and spreads
- CFD-only; no real asset ownership
- Crypto CFD trading not available in all jurisdictions
Frequently Asked Questions
Is eXcentral a regulated broker?
Yes. eXcentral is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 226/14. It complies with MiFID II regulations across the EEA.
What trading platforms does eXcentral offer?
eXcentral supports the MetaTrader 4 (MT4) desktop and mobile platforms, as well as its proprietary web-based trading platform.
Which markets can I trade with eXcentral?
You can trade forex, stocks, indices, commodities, and cryptocurrencies via CFDs. All instruments are derivative contracts and not underlying assets.
Does eXcentral support algorithmic trading?
Partially. eXcentral supports MT4 Expert Advisors for automation, but does not offer FIX API or full algo-trading infrastructure.
What investor protections does eXcentral offer?
eXcentral provides segregated funds, negative balance protection, and coverage under the Investor Compensation Fund (up to €20,000 for eligible clients).
