eXcentral Cyprus Review
eXcentral is a Cyprus-based investment firm. It is regulated by CySEC and accepts deposits from Visa, Mastercard, and wire transfers. The company also offers a demo account. Read on to learn more about eXcentral. The company is also registered in Cyprus at 66 Toumazis Linopetra Building, Agiou Athanasiou.
eXcentral is headquartered in Limassol, Cyprus
eXcentral is a forex broker and financial asset management firm established in Cyprus in 2017. It offers a wide range of tradable financial instruments. The company has between 10 and 50 employees and is licensed by the Cyprus Securities and Exchange Commission. It accepts clients from EU member states and the EEA. Its headquarters are in Limassol, Cyprus, and it does not have any other offices outside of Cyprus.
eXcentral provides various services and features, including trading signals and live trading. Their website is available in several languages, and their customer support is available by phone, live chat, and email. The company also has a call-back service, wherein users can submit their questions and get a response within 24 hours.
CySEC regulates it
Excentral is an investment firm licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). The company offers various financial services, including forex and CFD trading. It is also a member of the Investor Compensation Fund and is regulated by the Financial Sector Conduct Authority (FSCA).
CySEC oversees online trading firms and has many rules and regulations to protect client funds. For example, the rules require that each firm maintain at least EUR730,000 in tier one capital. Furthermore, firms under CySEC regulation must register with the Investor Compensation Fund (ICF) to receive compensation payments of up to EUR20,000 if a client loses money.
CySEC supervises the financial markets of Cyprus, including the Cyprus Stock Exchange and other organized markets. It regulates the activities of listed companies and financial services and imposes disciplinary sanctions for non-compliance with its rules and regulations. It also issues operating licenses for investment firms.
It accepts deposits through Visa, Mastercard, and wire transfers.
Excentral Cyprus is a reputable broker that accepts deposits through Visa, Mastercard, wire transfer, and Neteller. It offers comprehensive trading education to its customers, assigns a dedicated account manager to each client, and has mobile MT4 compatibility. Deposits are free, and the broker accepts deposits through Visa, Mastercard, Neteller, Skrill, and wire transfers.
Excentral Cyprus operates in Cyprus, the European Economic Area, and Switzerland. It is regulated by the Cyprus Securities and Exchange Commission and the Financial Service Conduct Authority of South Africa. The site offers a wide range of products, including forex, CFDs, crypto, and commodities. Its website is available in many languages and recognizes your country and currency to display corresponding trading tools.
It offers a demo account.
If you have never traded forex before, you might want to try out a demo account. This is a way to get a feel for the trading platform and see if it suits your needs. There are different types of demo accounts, depending on your requirements. For example, some brokers have a free demo account to open and use, while others may require a small deposit.
Although eXcentral does not offer a demo account, most brokers do, and they help practice your trading skills before investing money. This demo account allows you to use a web-based trading platform and view your dashboard. Demo accounts are also important because they allow you to trade without risk or commitment. You can choose a demo account with the broker that matches your financial situation, and you can even deposit using Visa or Mastercard.
It charges inactivity fees.
CySec has issued a circular requiring Cyprus Investment Firms (CIFs) to disclose their inactivity fees to prospective clients. While inactivity fees can amount to up to EUR100 per month, it is essential to understand the inactivity fee structure to avoid being overcharged.
Inactivity fees are charged for inactive accounts after two months without any trading activity. This fee is calculated by multiplying the fee by the number of units you’ve sold. Fortunately, you can avoid inactivity fees by strategically trading. This fee only applies if you don’t log into your account for at least three nights out of the month.
Inactivity fees are not the only fees associated with inactivity. Inactivity fees can amount to eighty dollars if your account has been inactive for two or three months. After six months, the fee jumps to $200.