Bitcoin
eXcentral Review
Company overview
eXcentral is a trading brand offering CFDs on a broad range of assets, including the top cryptocurrencies. With a personalized trading offer and reliable trading software, the broker is currently serving customers across the European Economic Area, including Switzerland and excluding the Netherlands.
Regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 226/14, and by the Financial Sector Conduct Authority (FSCA) of South Africa with license number 48296, the company is compliant with some of the latest requirements for online trading and offers both retail and professional services for EEA customers.
There are multiple reasons why cryptocurrency traders should take a look at the offer brought by eXcentral and for that purpose, we’ve assembled this comprehensive review that should give a broad image of what the brand is capable of.
Trading platforms
Cryptocurrency trading using MetaTrader 4 can be done optimally, considering the reputation behind the software. Integrating various technical analysis tools and with support for the Expert Advisors feature, traders can either generate trading ideas themselves or put the process on Autopilot. eXcentral offers MT4 on desktop as well as mobile devices.
On the other hand, eXcentral WebTrader is a personalized solution for those who want a very friendly user interface as well as the flexibility to trade from any device without installation. Using this platform shouldn’t be an issue even for those who are just getting started, since it has been structured intuitively. In this case, there are no limitations in terms of hardware or OS, given the WebTrader is used on a browser.
The combination of the eXcentral trading app and mobile versions of the MT4 creates a series of opportunities for various traders who desire to keep track of their account on mobile. With eXcentral Android and iOS apps, there is an option for everybody, regardless of the device used.
Account types
When joining the eXcentral ecosystem, optionality and diversity are what make the offer suited for a broad range of CFD traders. Thanks to the 4 different account types available (Classic, Silver, Gold, and VIP), the conditions are varied and based on the initial deposit. For customers in the EEA, each account is either retail or professional, with adjustments in terms of maximum leverage and stop-out levels, in line with the latest regulation.
However, with a minimum deposit of just 250 units (USD, EUR, or GBP), traders can open a Classic account and test eXcentral’s live services without having a lot of capital at risk. The broker accepts deposits via credit/debit card, wire transfers, and e-wallets like Skrill and Neteller.
In terms of the cryptocurrency trading conditions, eXcentral currently covers CFDs based on BCHUSD, BTCUSD, ETHUSD, LTCUSD, and XRPUSD. These are the largest tokens in the world by market capitalization today, and they continue to benefit from heavy inflows daily. The broker grants access to some of the more trusted and liquid cryptos, letting customers take advantage of them with flexible leverage (1:2 for retail and 1:5 for professional), no trading commissions, and low contract size.
Customer service
Registered customers or any individual interested in getting in touch with an eXcentral representative can use the live chat feature available on the website 24/7. Depending on the activity, a reply is generally given in a few minutes. The broker also offers phone and email support, as well as a FAQ section for quick help. Ultimately, each customer can benefit from the assistance of an account manager.
Trading education
For the past year, there has been an increasing number of new traders joining the industry, making it imperative for brokerage houses to provide updated educational content. At eXcentral, customers can take advantage of various interactive courses, trading eBooks, trading video tutorials, and live webinars.
Additionally, various technical analysis resources like Trading Central, market summaries, daily chart analysis, and market news, can serve as further guidance. Traders can get valuable data and use it in their decision-making process.
Summary
Showing persistent dedication and professionalism are just two of the reasons why eXcentral is currently one of the most trusted brands in the world. Its services are competitive, client-centered, and transparent, in line with the latest European regulation.
Trading crypto CFDs with eXcentral unlocks a broad range of opportunities in terms of costs, trading software, educational resources, and customer support. The good news is that the broker continues to enhance and expand its services, meaning plenty of new features are probably waiting on the horizon.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.15% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read our Risk Disclosure document.
eXcentral Review
Product Name: eXcentral
Product Description: eXcentral is a trading brand offering CFDs on a broad range of assets, including the top cryptocurrencies. With a personalized trading offer and reliable trading software, the broker is currently serving customers across the European Economic Area, including Switzerland and excluding the Netherlands.
Brand: eXcentral
Offer URL: https://eu.excentral.com/
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Trading platforms
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Account types
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Customer service
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Trading education
Summary
Showing persistent dedication and professionalism are just two of the reasons why eXcentral is currently one of the most trusted brands in the world. Its services are competitive, client-centered, and transparent, in line with the latest European regulation.
Pros
- Coverage for some of the most liquid and popular cryptocurrencies
- Crypto trading using MetaTrader 4 on desktop, laptop, and mobile
- Various educational resources are available on the website
Cons
- eXcentral offers only 5 cryptocurrency CFDs
- Traders in the Netherlands can’t sign up for an account
