eXcentral Overview
Even though trading cryptocurrencies is now possible with multiple brokerage houses, only a few handfuls manage to be compliant with regulators. There are many operating off-shore without any regulatory oversight and this raises questions on whether clients’ interests are the top priority.
On the other hand, there are brokers like eXcentral, regulated by CySEC, and registered with more than 20 different European regulators. At the same time, it follows MiFID II and it is the ideal place to trade CFDs, without having to worry about regulatory compliance. Traders based in the European Economic Area and Switzerland can benefit from the services provided by eXcentral, trading the markets with a trusted partner at their back.
eXcentral is operated by Mount Nico Corp Ltd, a successful investment firm with a long track record in the industry of financial services. Alongside FX, shares, indices, and commodities, the broker had also included several important cryptocurrency instruments in its asset list, and because of that, the current eXCentral review will focus on some of the most important features and provides several reasons why crypto traders should work with this provider.
Starting with the trading software, eXcentral made it sure to provide a complete ecosystem to meet the demands of different traders. That is why the company had developed a proprietary web-based platform, which comes with fast execution, simple user interface, and multiple trading tools built into it (TradingView charts, one-click execution, popularity bar, asset price alerts, etc.).
If you are not a fan of browser trading, eXcentral also has support for the popular MetaTrader 4, one of the most reliable software in the world. MT4 allows trading automation via expert advisors, multiple chart displays, 30+ indicators, and one of the most advanced trading technology in the world. Its 15+ years of existence are the ultimate proof of reliability and even after such a long time, CFD traders continue to use it.
Mobile trading is now an important requirement, considering the volatility in the cryptocurrency market. Traders need to keep track of existing positions, monitor market activity, and find optimal entry locations, sometimes while on the go, which means mobile apps need to rise to the challenge. eXcentral offers access to two solutions: a proprietary app and the MT4 mobile version, both compatible with Android and iOS devices.
Assets
There are 160+ assets available for trading at eXcentral, including forex, shares, indices, and commodities. Our main focus today will be on the cryptocurrency side of the asset list, which currently includes contracts based on BCHUSD, BTCUSD, ETHUSD, LTCUSD, and XRPUSD.
As a broker compliant with the European regulation for CFD trading, eXcentral provides different trading conditions for retail and professional customers. Retail traders can trade crypto with 1:2 leverage, while professionals can do it with 1:5 leverage. The contracts are all denominated in USD, negative balance protection is ensured, while spreads are tight, considering these are some of the most liquid cryptocurrency instruments.
eXcentral is providing access to various trading analysis resources, including market summaries, chart analysis, market news, economic calendar, and trading calculators, to help traders deal with the challenges of the financial markets.
Deposits and Withdrawals
In terms of funding methods, eXcentral accepts some of the most popular choices in the market, including credit/debit cards (Visa or MasterCard), wire transfers, Skrill, and Neteller. These can be used for both deposits and withdrawals.
The minimum deposit for all of the methods mentioned above is 250 USD/EUR/GBP. When it comes to withdrawals, traders will need to pass the verification process by providing proof of ID, proof of residence, and payment verification. The same method used for the deposit will later be used for withdrawal, to make sure funds won’t be transferred to a third-party.
Customer Service
At eXcentral customers are always on the first spot and because of that, the broker wants to make it easier for them to get in touch with a representative. That is why anybody can contact the support service using the phone number, email address, or the live chat feature available on the website.
Final Words
To take advantage of the rising cryptocurrency markets, CFD traders need access to trading services provided by regulated and trusted brokers. eXcentral has proven to be one of the most reliable to work with, by complying with the latest European regulators and by ensuring transparency. With several cryptocurrency contracts integrated into the offer, the broker opens up access for some of the most important crypto assets denominated in USD, allowing customers to benefit from enhanced liquidity, tight spreads, and fast execution.
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