eXcentral EU is a broker that offers its services to EU traders. It offers a range of trading platforms, including MetaTrader 4, a mobile app for Android and iOS, and a proprietary web platform. The broker also provides educational tools, analysis, and indicators to help traders make informed trading decisions.
eXcentral EU Pros & Cons
Pros of eXcentral EU:
- Strong customer support: The customer service team is available for extended hours and can help traders with a wide range of issues.
- Multiple trading platforms: eXcentral EU offers three different trading platforms, including a proprietary web platform, MetaTrader 4, and mobile apps for iOS and Android devices.
- Educational resources: This broker offers a range of educational materials, including webinars and Trade Central, which provides analysis and indicators to help traders make informed decisions.
- EU regulation: eXcentral EU is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), which provides some assurance of the broker’s legitimacy and trustworthiness.
Cons of eXcentral EU:
- Limited asset selection: While eXcentral EU offers a range of asset classes, the selection within each class is somewhat limited compared to other brokers.
- High deposit fee: The initial deposit fee required to open an account with eXcentral EU is relatively high, which could be a barrier for some traders.
- Limited geographic reach: eXcentral EU is only available to traders in certain European countries, which could be a disadvantage for traders outside of this region.
Who Is eXcentral EU Recommended For?
eXcentral EU is recommended for traders who reside in the EU region and are looking for a broker that offers a wide range of trading instruments, multiple trading platforms, and excellent customer support. Traders who prefer the MetaTrader 4 platform or a proprietary web platform will find eXcentral EU suitable. The broker also offers educational materials and trading analysis tools, making it a good fit for traders who are just starting out or looking to improve their trading skills. Additionally, traders who value strong customer service will appreciate the account managers available to help with any issues or questions they may have.
Top eXcentral EU Features
- Special Training and Guidance: eXcentral EU offers on-demand access to its market analysts who can provide guidance and support to customers from Monday through Friday (8-11PM) and weekends (12-9PM). These analysts can be particularly helpful to new traders who need assistance and guidance.
- Wide Range of Assets: eXcentral EU provides access to over 160 CFD assets, which gives traders a wide range of options to choose from. The broker also offers excellent trading conditions to help traders manage the risks associated with CFDs.
- Professional Trading Tools: eXcentral EU provides free access to a range of fundamental and technical tools such as an economic calendar, calculator, and daily chart analysts. These tools can help traders improve their trading strategies and make informed decisions.
- Webinars On Demand: eXcentral EU has a large library of webinars covering various topics such as strategy, risk management, and market analysis. These resources can be accessed on-demand and can be particularly helpful to traders who want to improve their skills and knowledge.
- Trading Signals: eXcentral EU offers exclusive trading signals through SMS messaging. These signals are provided by industry experts and can help traders stay up-to-date with market trends and make informed trading decisions.
eXcentral EU Account Types
eXcentral EU offers four different account types: Classic, Silver, Gold, and VIP. All accounts offer negative balance protection, free trading education, support, and webinars. The minimum deposit for all accounts is $250, and they all offer a maximum lot size of 50 and a minimum lot size of 0.01.
The Classic and Silver accounts have a leverage of 1:30 for retail clients, while the Gold and VIP accounts offer the same leverage but with tighter spreads. The starting spreads for the Classic and Silver accounts are 2.5 pips, while the Gold account starts at 1.8 pips and the VIP account at 0.9 pips.
The Classic and Silver accounts charge a commission of 0.8% for crypto and equities trades, while the Gold account also charges a commission, but the VIP account does not disclose its commission rate. The Gold and VIP accounts offer swap/rollover-free trading, while the Classic and Silver accounts do not.
All accounts support copy trading through MT4 and offer a demo account for traders to test the platform before investing real money.
Regulation and Security
eXcentral EU is a regulated broker, licensed by the Cyprus Securities and Exchange Commission (CySEC). This regulatory body ensures that eXcentral EU operates in accordance with strict financial rules and standards, including the protection of client funds.
In terms of security, eXcentral EU uses top-of-the-line security measures to ensure the safety of clients’ personal and financial information. The broker utilizes SSL encryption technology to protect all online communications and transactions.
eXcentral EU also offers negative balance protection to ensure that clients cannot lose more than their account balance. This is an important feature as it protects traders from incurring significant losses and allows them to trade with peace of mind.
Conclusion on eXcentral EU
eXcentral EU is a regulated STP broker that offers a variety of trading instruments, including forex, commodities, CFDs, indices, and shares. The broker provides a range of account types with competitive starting spreads, leverage of up to 1:30 for retail clients, and negative balance protection. eXcentral EU also offers a range of trading tools and resources, including on-demand market analysts, webinars, and trading signals.
eXcentral EU appears to be a reliable broker that caters to traders of all levels of experience. Its focus on education and support, along with its regulation by the Cyprus Securities and Exchange Commission, adds to its credibility and trustworthiness. However, as with any trading activity, there are risks involved, and traders should always conduct their own research and analysis before making any investment decisions.
They may not have the best spreads but it’s worth it to trade with them just for their webinar content. If you’re new, it will really help you out, so don’t miss out on it.
The employees of the company are very kind and helpful.
Even though I encountered some problem login to the web platform, I think overall they deserve good credit.
They’ve just started out with this trading signals via SMS and so far it’s been very helpful. Wish they’d done it before.
You won’t find such an education center with any of the other brokers. I personally feel that it’s worth opening an account just for the access to the new webinars.