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eXcentral Minimum Deposit

Excentral Minimum Deposit

 

eXcentral Minimum Deposit amount to open a real trading account is $250 / (R4013,83 USD/ZAR.  The Minimum Deposit for 1st-time traders might vary based on the trading account type selected. Deposit activation can be up to 72 hours.

 

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 – 7 key points quick overview:

 

 

The eXcentral Minimum Deposit amount to open a real trading account is 250 (two hundred and fifty) US dollars.  The Minimum Deposit for 1st-time traders might vary based on the trading account type selected. Deposit activation can be up to 72 hours.

 

This minimum deposit amount is equivalent to ZAR 4013,83 at the current exchange rate between the US Dollar and the South African Rand at the time of writing.

 

They are a broker which is authorized and regulated by strict regulatory entities FSCA and as a regulated broker, one of the requirements is that client funds be kept in segregated accounts.

 

In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.

 

eXcentral Deposit fees and deposit methods

 

eXcentral Deposit fees and deposit methods

 

When compared with other brokers, the minimum deposit that they require when registering a live account is relatively high.

 

📍 They offer traders the following payment methods which can be used when making deposits:

💳 Credit/ debit card,

💳 bank wire transfer,

💳 Skrill,

💳 Neteller.

 

📍 Deposit currencies that are accepted include:

USD, GBP, or EUR

 

📍 In addition, when making use of Credit/Debit Cards, there are the following deposit fees waived:

There are no fees charged for any deposits with them.

Traders must ensure that they verify whether their financial institution waives its own fees as there may be additional fees payable. These often depend on the payment method used as well as the amount which is deposited into the trading account.

 

eXcentral Step-by-step guide to depositing the minimum amount

📍Depositing into your account with EXcentral consists of the following steps:

 

🔴Step 1 – Log in

If you wish to deposit funds in your trading account, simply Log  in

 

eXcentral Step by step guide to depositing the minimum amount step 1

 

🔴Step 2 –Make the deposit

make sure you have completed the registration and verification process

 

eXcentral Step by step guide to depositing the minimum amount step 2

 

🔴Step 3 – Review your transaction

Click on the button ‘Deposit’

choose the best deposit option for you

 

eXcentral Step by step guide to depositing the minimum amount step 3

 

When funding the trading account, traders can do it from their own bank account by sending the funds to one of their segregated client accounts.

 

Traders can also access the option to deposit the minimum amount from their personal area after having registered a live trading account which has, subsequently, been approved.

 

Traders must log into their personal area, select the option for deposits, and follow the instructions to make a deposit into their trading account. Traders must ensure that they select the correct deposit currency before they make a deposit.

 

Funds must be transferred in the same currency as the bank account to which they are sending them. Should this not be done, traders may be subjected to currency conversion fees.

 

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 Pros and Cons

 

✔️PROS❌CONS
No deposit feesHigh minimum deposit
Well-regulatedWithdrawal fees
Inactivity fees
No demo account

 

Conclusion

 

eXcentral Minimum Deposit amount to open a real trading account is $250 / (R4013,83 USD/ZAR.  The Minimum Deposit for 1st-time traders might vary based on the trading account type selected. Deposit activation can be up to 72 hours.

 

You might also like: eXcentral Review

You might also like: eXcentral Sign-up bonus

You might also like: eXcentral Demo account

You might also like: eXcentral Fees and Spreads

You might also like: eXcentral Account Types

 

Frequently Asked Questions

What is the minimum deposit for eXcentral?

$250

How do I make a deposit and withdrawal with eXcentral?

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

Does eXcentral charge withdrawal fees?

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

How long does it take to make a withdrawal?

This will depend on the payment method used. It can take between 30 minutes up to a few working days.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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