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eXcentral -

Score

1.66 /10
Danger

eXcentral

Cyprus

10-15 years

Regulated in Cyprus

Straight Through Processing (STP)

Suspicious Scope of Business

Suspicious Overrun

High potential risk

https://eu.excentral.com

Influence

D

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Comparison

Quantity 8

Exposure

Time Machine
Website

Score

Regulatory Index3.51

Business Index8.15

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Mount Nico Corp Limited

Company Abbreviation

eXcentral

Platform registered country and region

Cyprus

Company website

X

Facebook

Instagram

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 4
Previous Detection : 2025-04-30
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 2. Please be aware of the risk and the potential scam!

A Visit to EXCENTRAL in Cyprus – No Office Found

The survey team went to Limassol, Cyprus to visit broker EXCENTRAL as scheduled, but did not find the company at its regulatory address. Accordingly, investors should be meticulous in choosing the broker.

Danger Cyprus

WikiFX Verification

Exposure

8 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Unable to withdraw. Fraud platform

It was a fraud platform. Unable to withdraw. I deposited but could not withdraw when making profits. It asked me to upgrade membership. It was a scam.

FX3857642322
2021-11-12 15:33
Unable to Withdraw

They manipulate everything

My cousin made the transfer for the amount of 1370$ because I don't know how to use the Internet very well, after that it was reflected on the board and the next day there was nothing and they wash their hands like Pilate.

FX1410060635
2021-11-07 21:02
Scam

Scam

I started transaction on this platform from August 17 and deposited. Then they continued to persuade me to add deposit. When I wanted to withdraw, it asked for several fees. I paid those fees until my account consumed up. Do not trust this fraud platform.

FX3554203618
2021-08-31 20:39
Scam

Scam

It asked me to deposit $251 for the first time and another $250 for transaction due to risk consideration. Then it request remittances by providing high profits. Even if we set a stop loss, it will continue to ask you to deposit with insufficient margin. In the end, the profitable account will directly become negative. It will also ask you to remit but I refuse. Then my account was blocked. It has been confirmed that there is no office in the registered place.

FX1150342439
2021-07-26 11:06
Sources
Data Source WikiFX Data provide
Updated: 2025-04-30
eXcentral · Company summary

Note: eXcentral's official website: https://eu.excentral.com is currently inaccessible normally.

eXcentral Review Summary
Founded2014
Registered Country/RegionSouth Africa
RegulationFSCA (License Number 48296, Clone Warning), CySEC (Mount Nico Corp Ltd, License Number 226/14)
Market InstrumentsForex, Commodities, Crypto, CFDs, Stocks, Indices
Demo Account✅
LeverageUp to 1:400
SpreadStarting from 0.9 pips (VIP Account)
Trading PlatformMetaTrader 4, eXcentral Web Platform, Android App
Min Deposit$250
Customer SupportEmail: inquiries@excentral-int.com
Phone: Available upon request
Address: Unit 6C3, 159 Rivonia Rd, Sinosteel Plaza, Morningside, Gauteng, South Africa

eXcentral Information

eXcentral provides commodities, Forex, and CFDs among other trading instruments. It gives traders access to MetaTrader 4 as well as its own web platform. Though CySEC controls it, there is a clone warning about FSCA control.

Pros and Cons

Pros Cons
Proprietary platform and MT4 availableClone license warning from FSCA
Educational tools and webinarsHigh minimum deposit requirement

Is eXcentral Legit ?

Under license number 226/14 the Cyprus Securities and Exchange Commission (CySEC) controls eXcentral. Mount Nico Corp. is the licenced institution.

Is eXcentral Legit ?

However, there is also a dubious clone notice connected to a different license from the Financial Sector Conduct Authority (FSCA) in South Africa. The entity OM Bridge (PTY) Ltd claims control but is under suspicion as a clone.

Regulatory StatusSuspicious clone
Regulated byFSCA
Licensed InstitutionOM Bridge (PTY) Ltd
Licensed TypeFinancial Service Corporate
Licensed Number48296
Is eXcentral Legit ?

Registered on March 4, 2014, the domain excentral.com is still valid with a March 4, 2025 expiration date.

Is eXcentral Legit ?

What Can I Trade on eXcentral

eXcentral offers over 160 CFDs, including Forex (47 pairs), Commodities, Stocks, Indices, and Cryptos.

Tradable Instruments Supported
Forex✔
Commodities✔
Crypto✔
CFD✔
Indexes✔
Stock✔
ETF❌

Account Types

Each of the four active account types available from eXcentral—Classic, Silver, Gold, and VIP—fits for different trading levels. Additionally accessible for practice is a demo account. The accounts vary in services, including access to account managers, as well as in spread.

Leverage

eXcentral provides leverage up to 1:400, which, particularly for new traders, greatly increases risk even when it can boost possible earnings.

eXcentral Fees

With spreads starting at 0.9 pips for VIP accounts and 2.5 pips for lower-tier accounts, eXcentral's fees are somewhat expensive relative to the industry average.

The withdrawal cost is $10; depending on the length of inactivity on the account, inactivity fines run from $80 to $200.

Non-Trading Fees

Deposit FeeNot mentioned
Withdrawal Fee$10
Inactivity Fee$80 - $200

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MetaTrader 4✔Web, Mobile, DesktopAll traders
eXcentral Web Platform✔WebAll traders
Android App✔Mobile (Android)Traders on the go

Deposit and Withdrawal

eXcentral charges a $10 withdrawal fee, and the minimum deposit is $250.

Deposit Options

Deposit Options Min. DepositFees Processing Time
Credit/Debit Cards$250Not mentionedNot mentioned
Bank Wire Transfer$250Not mentionedNot mentioned
Skrill$250Not mentionedNot mentioned

Withdrawal Options

Withdrawal Options Min. Withdrawal Fees Processing Time
Credit/Debit CardsNot mentioned$10Not mentioned
Bank Wire TransferNot mentioned$10Not mentioned

News

NewsWIKIFX REPORT: CySEC Settles with eXcentral and NicoFX Operator for €290K

The Cyprus Securities and Exchange Commission (CySEC) has settled with Mount Nico Corp Ltd, the operator of the trading brand, eXcentral and NicoFX. The regulated company has already paid €290,000 as a part of the settlement for possible violation of regulations.

WikiFX
2022-07-29 13:52
WIKIFX REPORT: CySEC Settles with eXcentral and NicoFX Operator for €290K

NewsWIKIFX REPORT: CySEC reaches EUR 290,000 settlement with NicoFX and Excentral owner

The Cyprus Securities and Exchange Commission (CySEC) today announced a EUR 290,000 settlement with Cyprus investment firm (CIF) Mount Nico Corp Ltd. The company operates through brands such as NicoFX and Excentral.

WikiFX
2022-07-29 13:51
WIKIFX REPORT: CySEC reaches EUR 290,000 settlement with NicoFX and Excentral owner

NewsWIKIFX REPORT: eXcentral Blog Rated Among Top Financial Blogs by Readers

According to a recent survey conducted amongst regular readers of eXcentral's blog, a large majority refer to it as one of the top sources for daily financial information and news. The survey, reaching thousands of readers with different demographic and geographic backgrounds, provides positive findings for the brand and its blog.

WikiFX
2022-07-29 13:49
WIKIFX REPORT: eXcentral Blog Rated Among Top Financial Blogs by Readers

NewseXcentral Review 2021 - Login & Start Trading Online

eXcentral EU is an international broker offering instruments on its web trader and MT4. See our review for withdrawals, demo accounts & more.

WikiFX
2021-12-16 13:30
eXcentral Review 2021 - Login & Start Trading Online
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User comment

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Comments

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FX1068210094
more than one year
This platform frustrated me so much! My friend Marlon recommended this broker to me, said it provides favorable trading conditions, easy withdrawal… However, when I Tried to withdraw my funds, they told me that I cannot due to an error in my account. Until today, I still cannot get my money back. Guys, don’t trade with this broker!
This platform frustrated me so much! My friend Marlon recommended this broker to me, said it provides favorable trading conditions, easy withdrawal… However, when I Tried to withdraw my funds, they told me that I cannot due to an error in my account. Until today, I still cannot get my money back. Guys, don’t trade with this broker!
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2022-11-30 18:03
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林5029
more than one year
The people of excentral are skilled at stealing your money. I am writing this review to warn others away from these con artists since I, too, fell for their fraud.
The people of excentral are skilled at stealing your money. I am writing this review to warn others away from these con artists since I, too, fell for their fraud.
Translate to English
2022-12-11 16:23
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