Search

For more information about eXcentral Forex Broker company profile, come to WikiBit!

Rating Index

WikiFX Detection

Business

Field Survey Danger

License

FSCA Suspicious Clone

eXcentral Company

  

eXcentral Company: A Comprehensive Overview

  

1. Company Overview

  

Founding Date and Background

  eXcentral is a financial services provider that was established in 2019. It specializes in offering trading services for various financial instruments, including forex, CFDs, and cryptocurrencies. The company aims to provide a user-friendly trading experience for both novice and experienced traders.

  

Parent Company/Ownership Structure

  eXcentral operates under the umbrella of OM Bridge (Pty) Ltd, which is a registered investment firm. This ownership structure allows eXcentral to leverage the expertise and resources of its parent company while maintaining a focus on its core trading services.

  

Headquarters Location

  The company is headquartered in Limassol, Cyprus, a notable hub for financial services and trading companies. This location provides eXcentral with access to a robust regulatory framework and a strategic position within the European market.

  

Global Business Scope

  eXcentral serves clients from various regions, including the European Economic Area (EEA), Switzerland, and South Africa. The company aims to cater to a diverse clientele by offering a wide range of trading instruments and educational resources.

  

Main Regulatory Bodies

  eXcentral is regulated by two primary authorities:

  • Cyprus Securities and Exchange Commission (CySEC): License number 226/14.
  • Financial Sector Conduct Authority (FSCA) of South Africa.

  These regulatory bodies ensure that eXcentral adheres to strict standards of financial conduct, providing a level of security for its clients.

  Back to top

  

2. Company History and Development

  

Key Milestones

  Since its founding in 2019, eXcentral has achieved several key milestones, including the establishment of its regulatory framework and the launch of its trading platforms. The company has quickly built a reputation for reliability and customer service.

  

Business Expansion Journey

  eXcentral has expanded its offerings to include a diverse range of financial instruments. Initially focusing on forex and CFDs, the company has since included cryptocurrencies and commodities in its portfolio, catering to the evolving needs of traders.

  

Customer Base Growth

  The company has experienced steady growth in its customer base, thanks in part to its user-friendly platforms and comprehensive educational resources. eXcentral has garnered a following among both beginner and experienced traders.

  

Platform Development History

  eXcentral provides access to two primary trading platforms: MetaTrader 4 (MT4) and its proprietary web trading platform. The MT4 platform is widely recognized in the industry for its robust features, while the proprietary platform offers a more tailored trading experience.

  

Important Awards or Recognitions Received

  While specific awards or recognitions were not detailed in the available information, eXcentral has received positive feedback from users, achieving a rating of 4.2 on Trustpilot, which reflects customer satisfaction with its trading conditions and services.

  Back to top

  

3. Trading Services Offered

  

Forex Trading Options

  eXcentral offers trading in 47 currency pairs, including major, minor, and exotic pairs. This extensive selection allows traders to diversify their portfolios and take advantage of various market conditions.

  

Stock Trading Options

  The company provides access to over 125 CFDs on stocks, including popular names like Amazon, Microsoft, and Facebook. This enables traders to speculate on price movements without owning the underlying assets.

  

CFD Trading Products

  eXcentral is particularly strong in CFD trading, offering a wide array of products across different asset classes. Traders can engage in CFDs on indices, commodities, and cryptocurrencies, making it a versatile choice for various trading strategies.

  

Other Financial Instruments

  In addition to forex and stock CFDs, eXcentral offers trading in:

  • Cryptocurrencies: Including Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH).
  • Commodities: Such as gold, silver, crude oil, and agricultural products.

  

Special Services or Unique Advantages

  eXcentral distinguishes itself with several unique advantages:

  • Educational Resources: A comprehensive suite of educational materials, including webinars, eBooks, and video tutorials, aimed at improving traders' knowledge and skills.
  • Dedicated Account Managers: Beginners are assigned account managers to guide them through the initial stages of trading, enhancing their experience and confidence.

  Back to top

  

  

Detailed Regulatory Information

  eXcentral is regulated by:

  • CySEC: Ensuring compliance with EU financial regulations.
  • FSCA: Providing oversight for operations in South Africa.

  

  The company operates as OM Bridge (Pty) Ltd in South Africa and Mount Nico Corp Ltd in Cyprus, allowing it to serve clients in multiple jurisdictions under appropriate regulatory frameworks.

  

Client Fund Protection Measures

  As a regulated entity, eXcentral is required to segregate client funds from its operational funds, ensuring that clients' investments are protected in the event of financial difficulties faced by the broker.

  

Countries/Regions Served

  eXcentral primarily serves clients in the EEA, Switzerland, and South Africa, but it may also cater to clients in other non-EU jurisdictions, depending on local regulations.

  

Compliance History

  eXcentral has maintained a positive compliance history, adhering to the regulations set forth by CySEC and FSCA. The company has implemented measures to ensure client protection and transparency in its operations.

  Back to top

  

5. Competitive Landscape

  

3-5 Main Competitors

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

  • IQ Option
  • eToro
  • Plus500
  • XM
  • AvaTrade

  

Positioning in the Industry

  eXcentral positions itself as a reliable broker with a focus on customer service and educational resources. Its regulatory compliance and diverse product offerings help it stand out in a crowded market.

  

Market Differentiation Factors

  Key factors that differentiate eXcentral from its competitors include:

  • Regulatory Compliance: Strong oversight from reputable authorities like CySEC.
  • Educational Support: Comprehensive training resources tailored for traders of all experience levels.
  • Variety of Trading Platforms: Access to both MT4 and a proprietary platform, catering to different trading preferences.

  Back to top

  In conclusion, eXcentral is a well-regulated broker that offers a wide range of trading services, making it suitable for both beginner and experienced traders. Its commitment to education and customer support, combined with a diverse selection of financial instruments, positions it as a competitive player in the online trading space.

  To learn more about eXcentral and its offerings, you can visit their official website or explore user reviews for firsthand experiences.