🔥 ExCentral Test 2021: Broker Experience & Rating
If you are toying with the idea of investing your money, it is entirely possible to think outside the box - that is, you don't necessarily have to concentrate on the traditional financial market. Because the crypto market, which has developed in recent years as a highly recommended alternative for those with an affinity for risk as well as opportunity-oriented, offers one or the other very promising investment opportunity.
To with crypto currencies To be able to speculate, you need a broker who offers the business with digital currencies. And this is where ExCentral comes in. But in order to find out whether it is a recommendable broker or not, it is advisable to take a look behind the scenes. Because you shouldn't believe that every broker that can be found on the market automatically convinces.
The fact is: ExCentral is a broker that is at home in Cyprus and convinces with a very large trading range. Around 300 financial instruments are available, attractive conditions are offered and there are various account models, so that individual wishes can also be taken into account.

ExCentral Brief Overview - The most important facts about ExCentral
- Was founded in 1995
- Minimum deposit is 250 euros
- There are four account models (Classic, Silver, Gold and VIP)
- The broker is regulated (CySEC)
Registration with the broker ExCentral: Our step by step guide

In contrast to so-called offline trading, online trading impresses with a high degree of ease and simplicity. However, the registration with a broker can mean a certain burden from time to time. On the one hand this is due to the paperwork, on the other hand the time it takes. Due to the fact that ExCentral pursues a customer-oriented approach, one does not have to deal with bureaucratic hurdles, but can complete the registration process within a few minutes.
1. Registration with ExCentral

On the homepage you can find the point "Register" at the top right. Then fill in a fairly straightforward form. Ultimately, the broker only asks for your name, the country in which you live, a telephone number, an email address and a password. In addition, it must be indicated which currency is to be used. Available are euros, British pounds and US dollars.
2. Verification
A verification process has been implemented through which the new user must then identify himself. The verification process complies with the guidelines of the “Anti Money Laundering” (short: AML) as well as the “Know your Customer” regulations (short: KYC). Based on these guidelines and rules, the brokers are obliged to receive documents from the new users through which a) the identity and b) the residence can be proven. The aim is therefore to only have “real customers” on the platform; This means that fake accounts should not have a chance to be created right from the start.
Accepted documents include passports and ID cards. The driver's license is also accepted by the broker as part of the verification process. However, in order to be able to prove the place of residence, it is necessary to present a consumption bill - this can be an electricity bill, for example. But you can also send the water bill or gas bill or present a bank statement. It is important that the name and address are clearly visible.
3. deposit
Once the registration process has ended, the first money can now be deposited. Due to the fact that different deposit methods are available here, the variant preferred for the user will certainly be included. Please note the minimum deposit amount of 250 euros (or 250 euros GBP or 250 US dollars).
4. Trading on the platform
If the paid-in money is available in the ExCentral account, trading can begin. The popular MT4 platform or the web-based trading platform from ExCentral are available here. Very helpful webinars are also offered, so that you can dive deeper into the subject of trading.
What is the ExCentral broker? The history of the broker
ExCentral is a broker that has been active on the market since 1995. The broker offers trading in Forex (foreign exchange) and speculating with CFDs. The broker is owned by Om Bridge Limited, a large and very successful investment company.
Our ExCentral experience: The ExCentral conditions put to the test
To get an overview, it is important to look at the broker's terms and conditions.
Trading at ExCentral: The range of individual trading instruments being tested
The trading offer may be the ultimate decision criterion. For this reason, it is important to clarify for yourself what services you expect from the broker - and then decide on the basis of your personal ideas whether you want to work with the broker or not.
Trading stocks & ETFs

With ExCentral you can also invest in stocks. The most renowned companies are available here - regardless of whether Volkswagen, Nintendo, Loreal, Carrefour, Vodafone or Deutsche Bank. Of course you can also invest your money in Apple such as the Alibaba Group or in Fiat and the German car manufacturer BMW. There are also emerging names with Shopify and Zoom.
Furthermore, the best indices can be found in the program. There is the Dow Jones, the DAX as well as the S&P 500 and the Nasdaq.
Trading Forex

A very wide range of different currency pairs is offered. The options available are extremely extensive. There are also many trading tools on the platform that can be quite useful. The top currency pairs:
Trading in raw materials

Of course, raw materials can also be traded on ExCentral. There are precious metals (gold, platinum, copper and silver), but RBOB petrol, Brent crude oil and natural gas are also available. You can even trade in agricultural raw materials - these include corn, coffee, soybeans, sugar, wheat and cocoa.
Trading in cryptocurrencies
Furthermore, ExCentral scores with a manageable selection of crypto currencies. These can be traded against the US dollar rate. The following cryptocurrencies can be found in the program:
- Bitcoin (BITC)
- Bitcoin Cash (BCH)
- Ether (ETH)
- Ripple (XRP)
- Litecoin (LTC)
The functions of the ExCentral trading platform
Of course, it's not just about the trading offer, but also about the question of how convincing the platform provided by the broker is. ExCentral relies on MetaTrader for this. A platform that has been convincing for over 15 years. Especially the areas of functionality and user friendliness stand out here. Because if you take into account the options available for price analysis such as chart display, there is nothing to complain about here. In order to be able to use the platform on your computer or mobile device, you must first download the software.
However, downloading and installing is not absolutely necessary, as WebTrader can also be used. This platform is available via the browser. WebTrader also convinces with an extensive analysis, individualizing displays and a very user-friendly interface.
That is, with the platform for that Trading nothing to be desired. That is also the reason why ExCentral was able to score very well in many test and experience reports.
It should not be forgotten that not every broker manages to combine modern design with information content with added value. However, ExCentral scores here across the board. Above all, because ExCentral takes care to be of interest to new customers and beginners, as the interface has been designed to be extremely customer-friendly and user-friendly.
ExCentral account types
ExCentral offers traders four types of accounts. It should be noted in advance that there is no demo account. This means that anyone who wants to use the services cannot “practice” in advance with virtual credit, but has to “risk” their savings immediately. Due to the fact that there are different account types, an offer is created for the security-oriented investor and trader as well as for the risk-conscious speculator. The accounts are available
- Classic
- Silver
- Gold
- VIP
It is important to take a look at the conditions of the different account models. The classic account has the highest trading fees. While there may be free support and free trading training available, there is also negative balance protection, but there are no educational webinars whatsoever. The further training opportunities are only available with the silver account. The gold account scores with further trading signals via SMS. In order to get a personal supervisor, it is necessary to opt for the VIP account model.
It should be noted that a minimum amount of 250 euros (or GBP or US dollars) must be paid in for all four account models.
- Classic account
Leverage: 1 in 30
Instruments: All assets
Request for additional funding: 100 percent
Stop Out: 50 percent
Minimum trading volume: 0,01
Trading maximum volume: 50
There is negative balance protection
- Silver account
Leverage: 1 in 30
Instruments: All assets
Request for additional funding: 100 percent
Stop Out: 50 percent
Minimum trading volume: 0,01
Trading maximum volume: 50
There is negative balance protection
- Gold account
Leverage: 1 in 30
Instruments: All assets
Request for additional funding: 100 percent
Stop Out: 50 percent
Minimum trading volume: 0,01
Trading maximum volume: 50
There is negative balance protection
- VIP account
Leverage: 1 in 30
Instruments: All assets
Request for additional funding: 100 percent
Stop Out: 50 percent
Minimum trading volume: 0,01
Trading maximum volume: 50
There is negative balance protection
The ExCentral App

ExCentral not only scores with a very clear website, but also convinces with an app. Anyone who opts for the mobile application will have all their wishes fulfilled here. The structure of the app is modern and well structured, so that there are no challenges here. Furthermore, there are no delays in trading executions. It is only important that you make sure that you have a stable internet connection when using it. So if you want to use the services of the broker ExCentral on the go, you should opt for the app.
The app is available for Android and iOS.
The deposit methods at ExCentral
First of all, it should be mentioned that you are not presented with a large variety of different payment methods. However, ExCentral scores with quality - because even if only a handful of deposit methods are available, every new customer or every trader who has already worked on the site will find the method that suits them:
- Bank Transfer
- Credit card - VISA and MasterCard
- Wire Transfer
- Neteller
- Skrill

While the minimum deposit is 250 euros or GBP or US dollars, there are also maximum deposit amounts. With the credit card you may not deposit more than 10.000 euros (GBP or US dollars) per day; the monthly limit is 40.000 euros (GBP or US dollars). With Neteller, Wire Transfer and Skrill, however, there are no restrictions.
It should be noted that the payout may only be made in the same way as the deposit was made.
Security at ExCentral
Anyone who speculates in stocks, commodities or crypto currencies is of course running a certain risk. It is therefore important that there is no longer any risk on the part of the broker - so make sure you are working with a broker who is 100 percent serious.
Regulation by ExCentral
ExCentral is regulated by the Cyprus Securities and Exchange Commission (CySEC for short). This is because the broker is based in Cyprus. It should be noted that the broker is also responsible for the Federal Financial Supervisory Authority (in short: BaFin), the German regulatory authority, is listed. So, at least from a regulatory point of view, you don't have to worry about whether you are dealing with a reputable broker or not.
Deposit insurance from ExCentral
It should be noted that the amount of deposit protection is based on the CySEC specifications. That means, the deposit protection amounts to 20.000 euros. This is a standard amount in Europe. The deposit insurance is only higher if the broker is regulated by the British regulatory authority, the Financial Conduct Authority (FCA for short).
It should be positively emphasized that ExCentral is extremely transparent when it comes to reporting on regulations such as deposit insurance. This means that there is information about this on the website.
ExCentral's customer service

With many brokers, customer support may be in need of improvement. Again and again you come across reports that deal with the fact that there are only very limited service times or that you can only contact via one or two channels. The fact is: ExCentral takes a different approach here, as there are some options available to contact the broker's staff:
- Telephone contact
- You can request a call back
- By E-Mail
- Via the live chat
Please note that there may be costs if you contact us by phone. To be sure that you don't fall into any “hidden cost trap”, it may be advisable to request a callback. In this case, a day and a time must be entered on the form. Then you will be called by an employee of the broker.
If you use the option of contacting us via email, there are no costs. E-mails are usually answered after a few hours, but depending on the number of questions from other users, after a few days. In order to save time here, if it is an urgent matter, the live chat may be advisable. Here you can get in touch with the broker's employees within a very short time and without detours and then ask your question or describe your problem.
It should be noted that there is an extensive FAQ area on the ExCentral website. So, before contacting an employee, you can look for possible answers in the FAQ area.
Note: All those who have decided on a gold or VIP account can look forward to personal support for all account matters - this guarantees immediate answers to all questions and concerns.
Ultimately, ExCentral also scores in this area. This means that anyone who has questions or concerns here will get an answer or a proposal for a solution relatively quickly from the competent employees, who can be reached in various ways.
ExCentral conditions: Fees & costs
In addition to the services and customer support, there is also the question of which fee model is being pursued.
spreads
There are different spreads to consider depending on the account model:
- Classic account
EUR / USD = 2,5
GBP / USD = 2,8
USD / JPY = 2,8
Crude Oil = $ 0,14
- Silver account
EUR / USD = 2,5
GBP / USD = 2,8
USD / JPY = 2,8
Crude Oil = $ 0,14
- Gold account
EUR / USD = 1,8
GBP / USD = 2,3
USD / JPY = 2,3
Crude Oil = $ 0,13
- VIP account
EUR / USD = 0,9
GBP / USD = 1,4
USD / JPY = 1,4
Crude Oil = $ 0,10
fees
Note that there are swap fees. These are in an amount customary in the industry. There are also transfer fees:
- Bank transfer: 30 euros / 30 US dollars / 30 GBP
- Credit card: 3,5 percent
- Wire transfer: 3,5 percent
- Skrill: 2 percent
- Neteller: 2 percent
Experiences and user opinions about ExCentral on the Internet
There are numerous experience reports and user opinions on the Internet. In order to be able to make a decision for yourself whether one should use the services of ExCentral, it is advisable to consider such reports.
The majority is positive in nature. This means that users are mostly satisfied with the broker's services.



Is ExCentral a scam or legitimate? Our ExCentral rating
ExCentral is a serious provider. On the one hand, the regulation speaks for the seriousness, on the other hand, the customer support may speak a clear language here. Since there are various ways to contact the broker's staff, it may be unrealistic that the provider is dubious.
The test and experience reports also speak a clear language when it comes to clarifying the question of whether it is a reputable broker or not.
In the end, ExCentral is convincing on all levels. If you choose this broker, you do not have to be afraid of fraudulent schemes.
ExCentral is not a scam, but a reputable broker through which stocks, indices such as commodities and crypto currencies can be traded or speculated without any problems.
Disadvantages of ExCentral: What didn't we like?
It should be emphasized that ExCentral charges transfer fees. One would think that nowadays it is unusual to have to pay money to deposit - ExCentral takes a different approach here. Furthermore, there aren't many deposit options. Even if the credit card and bank transfer are two of the most common methods available, there is no online payment service provider PayPal or the ability to top up your account via instant transfer.
There is also no demo account.
Advantages of ExCentral: What did we like
Ultimately, however, outweigh the advantages. The four account models ensure that you will find the right account type for you - depending on your ideas and needs, you can then select the account that is most suitable for you. In addition, ExCentral convinces with a very good app for mobile trading, scores with a large variety of different assets and is also regulated (CySEC regulation or the broker is also regulated by BaFin).
The user interface is clear and will not pose any hurdles even for beginners. In addition, the registration process only takes a few moments.
ExCentral Review: Frequently Asked Questions about the Broker
What is ExCentral?
ExCentral is an online broker based in Cyprus that offers Forex trading such as CFDs. Shares, indices, commodities as well as trading in forex and cryptocurrencies are available.
Is ExCentral a recommendable broker?
Yes. The test and experience reports are mostly positive; Furthermore, the broker scores with a large variety of trading options.
Will I be able to trade successfully with ExCentral?
It depends on the strategy followed. At this point it should be mentioned that the broker does not put any obstacles in the way - it depends on the personally chosen strategy.
How is the test and the experience of Bitcoin-news.one about ExCentral?
ExCentral is a recommendable broker that convinces with a variety of account models and thus makes it clear from the start that it has an offer for all traders and investors - regardless of whether they are security-oriented, risk-conscious, beginner or professional.
Frequently asked Questions:
ExCentral is an online broker based in Cyprus that offers Forex trading such as CFDs. Shares, indices, commodities as well as trading in forex and cryptocurrencies are available.
Yes. The test and experience reports are mostly positive; Furthermore, the broker scores with a large variety of trading options.
It depends on the strategy followed. At this point it should be mentioned that the broker does not put any obstacles in the way - it depends on the personally chosen strategy.
ExCentral is a recommendable broker that convinces with a variety of account models and thus makes it clear from the start that it has an offer for all traders and investors - regardless of whether they are security-oriented, risk-conscious, beginner or professional.
