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eXcentral Account Types

eXcentral Account Types

 

eXcentral provides four different account types e.g., Classic Account, Silver Account, Gold Account, and VIP Account. Each account type has its own set of conditions for commission, margin calls, leverage, and minimum deposits.

 

eXcentral at a Glance

 

📅 Year Founded2019
📍 Head Office
Cyprus
⚖️ Financial Regulatory Bodies
FSCA
📈 Managed accounts
Yes
📊 Institutional accounts
Yes
☪️ Islamic AccountNo
💰 Minimum Deposit
$250 / R4013,83 USD/ZAR at the time of writing).
👍 Demo Trading Account available
No
🌐 Countries not accepted for tradeUnited States, Canada, Japan, Australia, Israel.
💰 Withdrawal options
Credit/ debit card, bank wire transfer, Skrill and Neteller.
📒 Deposit optionsCredit/ debit card, bank wire transfer, Skrill and Neteller.
💻Platform(s) providedMetatrader 4, eXcentral web platform
🖥️ OS compatibility
Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad.
📈 Tradable assets
Commodities, Shares, Indices, Cryptos
📓 Languages supported on the websiteEnglish, Italian, German, Dutch, Spanish, Czech
📓  Customer support languagesEnglish, Italian, German, Dutch, Spanish, Czech
☎️ Customer service hours24/5
Maximum Leverage1:400
👉 Open a account👉 Click Here

 

Overall Rating

4.3/5

Rated #240 of
Recommended FX Brokers

💰Minimum Deposit

USD 250

🌐 Regulators

CySEC, FSCA

📱 Trading Desk

Meta Trader 4

Crypto

Yes

📈 Total Pairs

11

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

eXcentral Account types – 10 key points quick overview:

 

 

eXcentral provides four different account types e.g., Classic Account, Silver Account, Gold Account, and VIP Account. Each account type has its own set of conditions for commission, margin calls, leverage, and minimum deposits.

 

Finding a reputable list of eXcentral account types local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

 

Below is an in-depth account types Review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to the various Forex trading accounts made available.

 

eXcentral Overview

 

eXcentral Overview

 

eXcentral is a regulated broker which is headquartered in Cyprus Established in 2019. eXcentral is owned by OM BRIDGE (PTY) LTD, a successful investment firm, which has masses and masses of experience when it comes to the financial markets.

 

eXcentral is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa.

 

This helps to ensure that traders are offered trade execution at the best possible prices at the best possible execution speeds. eXcentral is continuously working to improve its trading solutions and services in order to adapt to evolving needs and objectives of traders.

 

Their customer services can be reached five days per week via telephone, email, or on a live chat option on their website.

 

Traders that are from the United States, Canada, Japan, Australia, and Israel are not allowed to use eXcentral.

 

eXcentral Account Types

 

eXcentral Account Types

 

Excentral offers traders the option of four account types offered are Classic, Silver, Gold, and VIP Account. Excentral does not provide an Islamic Account for Muslim traders.

 

Traders will find that through these accounts, eXcentral offers competitive trading conditions along with comprehensive solutions and services.

 

eXcentral Account Features

 

📍eXcentral Accounts

➡️ The Classic Account, Silver, Gold, and VIP Account really don’t have a charge to open an account, but to start trading eXcentral insists on a minimum deposit of $250.

➡️ Apart from having more competitive spreads with a VIP account, the only other benefit between the accounts is the addition of tools like webinars, account managers, and trading signals.

➡️ When it comes to the Classic and Silver accounts, they are practically the same, with just the addition of educational videos with the Silver.

➡️ Seeing that the minimum deposit is actually for all the accounts they offer, the best choice would be to take the VIP account to benefit from the competitive spreads.

 

eXcentral Demo Account

 

📍 eXcentral traders do not have the option of opening a Demo Account which can be utilized in various ways, including, but not limited to the following:

➡️ A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.

➡️ Traders who are evaluating and comparing brokers who would like to explore trading conditions in a risk-free environment, and

➡️ Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.

 

Demo account sign-up is fully digitalized and hassle-free.

 

It can be done within a few minutes and as soon as the trader is registered, demo trading can commence once the trader has downloaded and installed their trading platform of choice, or by using their web browser.

 

Overall Rating

4.3/5

Rated #240 of
Recommended FX Brokers

💰Minimum Deposit

USD 250

🌐 Regulators

CySEC, FSCA

📱 Trading Desk

Meta Trader 4

Crypto

Yes

📈 Total Pairs

11

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

eXcentral Islamic Account

 

eXcentral does not offer their clients an Islamic Account for Muslim traders.

 

The purpose of an Islamic Account is that it caters specifically to Muslim traders who strictly follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitative.

 

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

 

Islamic Account is offered to Muslim traders who follow Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which differ vastly from the individual account such as minimum deposit, spreads, and more.

 

Traders who are interested in registering for an Islamic account must contact a broker’s customer support to verify the details of the account as conditions may have changed from the time of writing.

 

These changes are as per the broker’s discretion and/or changes in market conditions.

 

Deposit and Withdrawals

➡️ To deposit and withdraw you can use the following for eXcentral:

➡️ The currency which you use is USD, GBP, or EUR

➡️ The methods are via a credit/ debit card, bank wire transfer, Skrill, and Neteller.

➡️ The minimum deposit for all the accounts they offer is $ 250.

➡️ eXcentral does not charge any deposit fees.

➡️ To withdraw from your eXcentral account the following applies:

➡️ The methods are via a credit/ debit card, bank wire transfer, Skrill, and Neteller.

➡️ The minimum withdrawal amounts are $100 for bank wire and $10 for credit and debit cards. There is no minimum withdrawal for e-wallets, but it must cover the transfer cost.

➡️ As per the withdrawal policy, fees are charged at 3.5% for cards and Neteller, $30 for wire transfer, and 2% for Skrill.

➡️ Bank transfers generally take three to five working days once all the steps are processed, whilst cards take five to seven business days.

 

eXcentral Pros and Cons

 

✔️ PROS❌ CONS
Well-regulatedUS Clients not accepted
Competitive spreadsNo Islamic Account
Well-known trading platformNo Demo Account
Excellent educational tools
Trading signal service
Daily market analysis supplied

 

Conclusion

 

Overall, eXcentral provides four different account types e.g., Classic Account, Silver Account, Gold Account, and VIP Account. Each account type has its own set of conditions for commission, margin calls, leverage, and minimum deposits.

 

You might also like: eXcentral Review

You might also like: eXcentral Minimum Deposit

You might also like: eXcentral Demo Account

You might also like: eXcentral Fees and Spreads

You might also like: eXcentral Sign-up Bonus

 

Frequently Asked Questions

Trading Environment

How many instruments can I trade with eXcentral?

You can trade several different instruments with eXcentral, which include the following:

  • Commodities
  • Shares
  • Indices
  • Cryptos

 

Which platforms are supported by eXcentral?

eXcentral provides the following popular trading platforms:

  • MetaTrader 4
  • eXcentral Web Platform

 

Does eXcentral offer leverage?

Yes, eXcentral offers maximum leverage of up to 1: 400

 

What spreads can I expect with eXcentral?

eXcentral spreads are around 2.5 pips for EUR/USD in the Classic account and $0.10 for crude oil. Spreads plummet to around 0.9 pips with the VIP account.

Since details on the website are not clearly enough stipulated, more information should be obtained from the customer support service in order to make an informed choice.

 

Does eXcentral charge commission?

Commissions are integrated with the spread at eXcentral, apart from equities and cryptocurrencies, which are charged at 0.8% of the asset’s estimated value.

More information on commissions may become available after opening an account or can be obtained from the customer support service.

 

Is eXcentral regulated and by whom?

eXcentral is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa.

 

Is eXcentral a recommended forex trading broker for experts and beginners?

eXcentral offers a fair trading environment for most types of traders.

 

What is the overall rating out of 10 for eXcentral?

7/10

 

Accounts

 

What is the difference between a demo and a live trading account?

A demo account is offered by broker companies and is usually funded with virtual money and gives a prospective customer the opportunity to experiment with the company’s trading platforms and its features, before setting up a real account that needs to be funded with the customer’s own real money.

 

Does eXentral offer a demo account?

No

 

Can I convert my demo account to a live trading account with eXcentral?

This is not done as eXcentral does not have the option of a demo account.

 

Which live trading accounts does eXcentral offer?

  • Classic, Silver, Gold, and the VIP account

 

What are the available deposit currencies for a live trading account?

USD, GBP, or EUR

 

Does eXcentral offer an Islamic Account?

No, eXcentral does not offer their Muslim traders an Islamic Account.

 

Deposits and Withdrawals

 

What is the minimum deposit required to open an account with eXcentral?

$250

 

How do you make a deposit and withdraw money with eXcentral?

eXcentral offers the following deposit and withdrawal methods:

Credit/ debit card, bank wire transfer, Skrill, and Neteller.

The same method that was used to fund an account must normally be used to withdraw money. Also, monies will usually only be refunded to accounts in the same name as the trading account.

 

Does eXcentral charge withdrawal fees?

As per the withdrawal policy, fees are charged at 3.5% for cards and Neteller, $30 for wire transfer, and 2% for Skrill.

Fees from financial institutions may be applicable and more information about applicable costs can be obtained from the company’s customer service team.

 

How long does it take to make a withdrawal?

Withdrawals by means of certain methods may be processed within a shorter period than others. Usually, withdrawals take a few days but depending on bank services it may take several days longer for the money to be available in a customer’s bank account.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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