Fresh eXcentral review that helps Forex Peace Army traders invest safely

3.478 · 61 REVIEWS


Mount Nico Corp Ltd


Updated: Nov 18, 2021 ·  · Is this your company?

eXcentral EU is a CFD broker regulated by CySEC since 2014, while eXcentral International is regulated by the FSCA of South Africa

eXcentral features over 160 CFD instruments including Forex, Stocks, Commodities, Indices and Cryptocurrencies via popular MetaTrader 4 and proprietary browser-accessible eXcentral trading platform

Trading Central products are available to account holders along with MT4 indicators, market analysis, news, and summaries.

Please read eXcentral Reviews below and share live trading experiences with this broker.

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Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 400:1
Minimum to Open Live: $250
Established: 2019
Address: Agiou Athanasiou, 66 Toumazis Linopetra Building, 4102 Limassol, Cyprus
Contact:, +357 25 008 133
Regional offices:
Regulators: CySEC #226/14, FSCA #48296
Prohibited countries:
Trading platforms: MT4
Dealing Desk: Yes
Web Trading: Yes
Mobile Trading: Yes
Currencies: (50+)
Cryptocurrencies: (3) Bitcoin, Ethereum
CFD: (125+) Gold, Silver, Stocks, Stock Indexes, Oil
EAs/Robots: Yes
News Spike Trading: Yes
Scalping: Yes
Deposit Methods: Bank Wire (Bank Transfer), VISA, MasterCard, Neteller, Skrill
Withdrawal Methods: Bank Wire (Bank Transfer), VISA, MasterCard, Neteller, Skrill

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3.478 · 61 REVIEWS
Forex Peace Army

Let other traders know if this service is worth checking or should be avoided.

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Traders Reviews

Uttam Pahari,
Colombo, Sri Lanka,
Sep 21, 2020,

mostly satisfied

Service use: Live

Length of use: 3-6 Months

trading there for around 5 months and I'm mostly satisfied. There are some things that I would like to be better but overall the brokerage is great enough to just relax on legal issues and focus on trading.
I'm trading with MT4 there but as I know there is also another trading platform (but I haven't tested it). Despite some of shortcomings, brokerage is really good for one thing - it offers daily analysis and signals)
Reply by eXcentral Representative submitted Oct 15, 2020:
Dear Uttam,

Thank you for your 5 star review. We really appreciate you taking the time to share your experience with eXcentral.

Accra, Ghana,
Oct 5, 2020,

Mixed feelings

Service use: Live

Length of use: over 1 Year

I'm not so experienced in trading to compare brokers and understand what's good and what's bad but I have mixed feelings after a year of trading with eXcentral. That's typical Forex + CFD, with $250 minimum deposit.
On the one hand, there's nothing wrong with being typical, 90% of traders, as I think, are looking just for market access. On the other hand, I feel that I need more than just typical trading. For example, there's only MT4. For me, as for a trader that have tried MT5 already, that's not enough. And I don't see any point against offering MT5 to all traders, I don't think that can be a challenge for brokerage.
Or, for example, maintenance fee. It's only $10 and if you're trading in order to make momey, you won't even notice this. But I don't understand such pettiness. Why broker simply won't increase spreads by 0.5%, but will not take this $10.
Of course, there are things exCentral is good about. I'm talking about analysis and education. Both of these dimensions are great, a lot of signals, market summaries, news and chart analysis, as well as educational videos, articles and ebooks.
So, as I said, my feelings are mixed, exCentral should try to find balance and then, I think it would have brilliant future in the industry..
Reply by eXcentral Representative submitted Oct 15, 2020:
Dear Marklos,

We would like to thank you for your recommendations and for this amazing review.

Prashant Ghale,
Gorkha, Nepal,
Oct 22, 2020,

I can trust this broker

Service use: Live

Length of use: 3-6 Months

It is fine to trade with eXcentral. The brokerage works well without creating any problems for itself or its clients, and I really appreciate it.
Before that I had not had a very positive experience in trading, as I hadn't checked my previous broker very carefully. But with eXcentral I didn't make the same mistake, and when I opened an account with it I knew for sure that it had a regulator.
Now I realized how important it is for a broker to have a regulator, because it is a guarantee that it is reliable and you can trust it.
I haven't been trading with a broker that long, so I am still trading on a Classic account. The trading conditions on this account are not the best that a broker has, but I don't want to open a more expensive account yet.
I also really like the fact that it has free training, which includes interactive training courses, video reviews, daily market analysis and live webinars. All this makes trading more diverse and the training itself more effective.
So in general, I liked trading with eXcentral, you can really trust the brokerage. I think I'm going to open a Silver account in the near future, because it has more advantageous trading conditions than I have now.
Reply by eXcentral Representative submitted Oct 29, 2020:
Dear Prashant,

Thank you very much for your fair and balanced review.

Rajendra Kamdar,
Hyderabad, India,
Oct 28, 2020,

Typical top brokerage

Service use: Live

Length of use: 0-3 Months

You know, I call such brokerage a 'new school'. Nah, they're good, regulated and can be trusted, but they're so typical... ExCentral is one of them, it's CySEC regulated, with $250 minimum deposit and 4 account types.
I mean, there's nothing bad, in parameters only, brokerage looks like a top brokerage, but it's so typicall... I'm trading for 7 years and I can name at least 5 brokers with the same conditions. And I mean that they would be 100% the same. And that's the onlly disadvantage of this company, It's so typical, the company doesn't offer any killing features, that's so sad.
Reply by eXcentral Representative submitted Nov 4, 2020:
Dear Rajendra,

Thank you for taking the time to review eXcentral, and thank you for your positive review.

Jose Ortega,
Sao Paulo, Brazil,
Nov 4, 2020,

Just a nice experience

Service use: Live

Length of use: over 1 Year

My review is going to be absolutely positive, as I'm 100% satisfied with exCentral.
Some traders say it's typicall. Well, maybe they're right. It's really quite typicall but I don't see this as a disadvantage. Even more, I don't need nothing special, all I need to make money is CySEC regulated brokerage with good trading conditions and exCentral fits me.
Of course, if look more biased, I'm sure I would find some disadvantages, but I see 0 reason to do this.
I just like this brokerage, it's regulated, offers fast execution and a lot of assets.
What else I need?
Reply by eXcentral Representative submitted Nov 20, 2020:
Dear Jose,

Thank you for your 5-star review! We appreciate the time you have taken to share your experience on forexpeacearmy.

Ikhsan Prastuti,
Angke, Indonesia,
Nov 7, 2020,

Good app and great Analytics

Service use: Live

Length of use: 3-6 Months

I mainly trade from my smartphone on the eXcentral platform. The company has a handy mobile app. Usually, I try not to clog the phone memory with apps, but it works fine. So, I still use it.
I can't say anything about the trading conditions because I haven't compared them to other companies.
But they have excellent Analytics. It's true. The data is great because it's possible to connect Trading Central here. There is an indicator for MT4, which highlights the key levels. It's not an eXcentral development, so I can't add a point for it. But for the integration with Trading Central, my respect.
Reply by eXcentral Representative submitted Nov 20, 2020:
Dear Ikhsan,

We really appreciate you taking the time to share your rating with us.

Giza, Egypt,
Nov 11, 2020,

Another good MT broker

Service use: Live

Length of use: 0-3 Months

As a pure practical person, when choosing a broker, I never pay attention to things that don’t make sense for me. For example, I don’t care about regulation. I had negative experiences with brokers who boasted several respected regulators, but they let me down. That’s very sad. So, from my point of view, regulation is an absolutely marketing thing, the very essence of which is to give potential customers peace of mind and neutralize their critical mind.
My algorithm of assessing any broker is very simple, but it works. I open a trading account with a broker I’m interested in, deposit funds and then start trading. Once I’m satisfied with execution, I try to make several withdrawals. If I receive money, I decide to keep collaborating with this particular broker.
I evaluated exCentrial the same way. I signed up with them, traded for three weeks and then successfully withdrew my gains to my Skrill account. I can say nothing about their customer support because I had no issues with the broker.
Reply by eXcentral Representative submitted Nov 20, 2020:
Dear Shinymy,

Thank you so much for taking the time to leave us a 5-star rating - it's much appreciated!

Mustika Yuniar,
Alor Star, Malaysia,
Nov 18, 2020,

Trading for a year already

Length of use: 6-12 Months

That's my second brokerage, but the first one I can really recommend to every trader.
1. It's regulated and that matters. exCentral has CySEC regulation and that's probably one of the most common regulation among the good ones. I know many brokers regulated by and all of them are well-reputable enough, so I think CySEC can be trusted.
2. Relatively low minimum depo, you can start trading with $250. Some other brokers are offering lower depo, but I think $250 is still good enougj.
3. Wide list of stocks, including Kommerzbank and Allianz, so I feel zero inconveniences in designing my investment portfollio.
The only thing I don't like is $10 maintenance fee, but I don't think that's severe disadvantage =)
Reply by eXcentral Representative submitted Dec 4, 2020:
Dear Mustika,

The team here at eXcentral is thrilled to receive such great rating, thank you.

Ireti Segunmaru,
Johannesburg, South Africa,
Nov 20, 2020,

My lucky choice

Service use: Live

Length of use: 6-12 Months

I've been trading in eXcentral for almost a year. I started in early 2020 when no one had any idea what it could turn out to be. I don't regret that then I closed my store and switched to trading. Since many of my colleagues went bankrupt at all and remained with nothing.
Now I want to tell you more about the company. eXcentral is a well-regulated broker with small leverage. Therefore, to earn here, it's desirable to have a sufficient deposit. Although the company doesn't limit its clients in this. The minimum deposit's available here. It's about 250$ if I'm not mistaken.
What about conditions? eXcentral has its own platform for trading. There are currencies, stocks, commodities, and indices in the company.
At the moment, I'm testing the education offered by a broker. I watch a video about the strategies and try to implement them. During this experiment, my profit has grown by 10%. So the quality of it is high.
Reply by eXcentral Representative submitted Dec 15, 2020:
Dear Ireti,

Thank you for the wonderful review and for taking the time to share your feedback on FPA.

Jatin Sehgal,
Hosur, India,
Nov 23, 2020,

happy trading there

Service use: Live

Length of use: 6-12 Months

This brokerage has everything I need for convenient trading. Whe I was just starting my trading way, it helped me a lot with education. In fact, many traders are underestimating education, but that's the key for success. Of course there are videos about nothing, like an 'trading is an art'. Such videps are 14 seconds of nothing, no usefulll info. But ebooks pages and webinars can help you a lot. I learned the basics of risk management that way for example.
Trading is also okey, without any problems, just reliable brokerage with CySEC regulation. I faced zero issues and hope I wouldn't face them in future.
But I don't like their click-baiting headline on the main page that was posted now 'Would Biden presidency push the markets to the new highs'. I think that this question should be more analyzed and in the present form it can just bait a lot of traders just to start buying stocks of the US companies.. But there is no guarantee they would keep on growing, especially taking in account Trump still can contest the election in the Supreme Court (and you know what would happen to the market).
Reply by eXcentral Representative submitted Dec 15, 2020:
Dear Jatin,

We really appreciate you taking the time to share your rating! We look forward to providing you with the best possible service in the future.