eXcentral Company

eXcentral Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

eXcentral is a financial services company that operates as a CFD and forex broker. It was established in 2016 and has since built a reputation in the trading industry. The company specializes in providing a range of trading services to clients globally, focusing on forex, commodities, indices, and cryptocurrencies.

Parent Company/Ownership Structure

eXcentral operates under the legal name of OM Bridge (Pty) Ltd. This ownership structure allows the company to maintain a degree of flexibility in its operations and regulatory compliance.

Headquarters Location

The headquarters of eXcentral is located in Sandown, Gauteng, South Africa. The specific address is Unit 6 C 3, 159 Rivonia Rd, Sinosteel Plaza, Morningside Ext 39, Sandton, Gauteng, 2146, South Africa.

Global Business Scope

eXcentral serves clients worldwide, providing access to a variety of financial instruments. The broker aims to cater to both retail and institutional clients, offering services that are tailored to meet diverse trading needs.

Main Regulatory Bodies

eXcentral is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. Additionally, it claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC), although there are concerns regarding the legitimacy of this regulation as some sources classify it as a "clone" broker.

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2. Company History and Development

Key Milestones

Since its inception in 2016, eXcentral has focused on building a reliable trading platform. Key milestones include the launch of its proprietary trading platform and the establishment of various trading accounts tailored to different trader needs.

Business Expansion Journey

eXcentral has expanded its offerings over the years, introducing new financial instruments and trading platforms. The broker has also enhanced its educational resources, providing clients with webinars and e-books to improve their trading skills.

Customer Base Growth

The company has seen steady growth in its customer base, attracting traders from various regions. This growth is attributed to its competitive trading conditions and a commitment to customer support.

Platform Development History

eXcentral offers trading through the popular MetaTrader 4 (MT4) platform, which is known for its user-friendly interface and advanced trading tools. The broker also provides a proprietary web trader platform that aims to enhance the trading experience.

Important Awards or Recognitions Received

While specific awards have not been highlighted in available sources, eXcentral has garnered positive reviews for its user experience and customer service, contributing to its reputation in the industry.

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3. Trading Services Offered

Forex Trading Options

eXcentral offers a diverse range of forex trading options, providing access to over 60 currency pairs. This includes major, minor, and exotic pairs, allowing traders to engage in various market conditions.

Stock Trading Options

The broker provides access to a selection of stocks across different markets. However, specific details about the number of stocks available are not extensively documented.

CFD Trading Products

As a CFD broker, eXcentral offers a wide range of contracts for difference across multiple asset classes, including stocks, commodities, indices, and cryptocurrencies. This allows traders to speculate on price movements without owning the underlying assets.

Other Financial Instruments

In addition to forex and stocks, eXcentral provides trading options for commodities (such as gold and oil) and cryptocurrencies (including Bitcoin and Ethereum). This diverse offering caters to a wide array of trading preferences.

Special Services or Unique Advantages

eXcentral distinguishes itself by offering educational resources, including interactive courses, webinars, and market analysis. The broker also provides various account types, including Classic, Silver, Gold, and VIP accounts, each with unique features and benefits.

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4. Regulatory and Legal Background

Detailed Regulatory Information

eXcentral is regulated by:

• Financial Sector Conduct Authority (FSCA) in South Africa (License No. 2016/479525/07)
• Cyprus Securities and Exchange Commission (CySEC, License No. 226/14)

However, concerns have been raised about the legitimacy of its CySEC license, with some sources labeling it a "suspicious clone."

Legal Entity Structure by Region

The primary legal entity is OM Bridge (Pty) Ltd., which operates under the regulatory frameworks of South Africa and Cyprus. The broker also claims to have a payment agent registered in Cyprus.

Client Fund Protection Measures

eXcentral claims to implement measures for client fund protection, including segregated accounts for client deposits. However, the effectiveness of these measures is subject to scrutiny given the broker's regulatory status.

Countries/Regions Served

eXcentral serves clients globally, with a focus on regions such as Europe, Africa, and Asia. The broker's online presence allows it to reach a diverse audience.

Compliance History

While eXcentral maintains that it complies with regulatory requirements, there have been reports of customer complaints regarding withdrawal issues and account management, raising questions about its operational practices.

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5. Competitive Landscape

3-5 Main Competitors

eXcentral faces competition from several other brokers in the industry, including:

• QFX Markets
• DMM FX
• Aeromir
• Plus500
• eToro

Positioning in the Industry

eXcentral positions itself as a competitive CFD and forex broker, focusing on providing a user-friendly trading environment and a variety of educational resources. Despite its regulatory challenges, it seeks to attract traders looking for a comprehensive trading experience.

Market Differentiation Factors

Key differentiation factors for eXcentral include its commitment to customer education, a variety of trading accounts, and a range of trading instruments. However, the broker's reputation is marred by concerns regarding its regulatory status and customer service issues.

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In conclusion, eXcentral is a broker that offers a wide range of trading services to a global audience. While it has made strides in providing educational resources and diverse trading options, potential clients should exercise caution due to concerns surrounding its regulatory status and customer service experiences. For those considering eXcentral, it is advisable to conduct thorough research and possibly consult with financial advisors before engaging with the broker.

For more information on trading with eXcentral, learn more.