Company Information:

This website (www.excentral.com/en) is operated by Mount Nico Corp Limited, a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission with CIF license number 226/14. The company is located at Arch. Makariou III 240 & Vyronos 1, P. LORDOS CENTER, BLOCK B, Flat/Office 204, 3105 Limassol, Cyprus.

 

Mount Nico Corp Limited owns and operates the “eXcentral” brand.

 

Risk Warning:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84,19% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. eXcentral does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Mount Nico Corp Limited is not a financial adviser and all services are provided on an execution only basis. Please read our Risk Disclosure document.

 

Regional Restrictions:

Mount Nico Corp Limited offers services within the European Economic Area (excluding Belgium) and Switzerland.

 

Mount Nico Corp Limited does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Mount Nico Corp Limited is not a financial adviser and all services are provided on an execution only basis.

Markets / Currency pairs

Currency Pairs

What is Forex?

The word forex came from the combination of the words foreign and exchange. Forex is the process of exchanging one currency for another and it is the largest market in the world with over $6.6 trillion in daily transactions as of 2019. Forex is used for purposes of commerce, tourism, and of course speculation. Fortunes have been made and lost in the forex markets and speculation continues to grow even today.

How does it work?

Forex trading occurs in the global forex market, where supply and demand determines the ever-changing value of each country's currency relative to other countries. The liquidity is provided by the large global banks and there is no central market like there is with the New York Stock Exchange or the Chicago Board Options Exchange. Instead forex trading is conducted electronically over-the-counter. This trading occurs 24 hours a day and five-and-a-half days a week. Retail traders are able to gain access to this electronic market via brokers.

Popular currency pairs

Because nearly every country in the world has its own currency that can be paired with every other currency in the world, there are literally thousands of different pairs, but the vast majority of these are very lightly traded. In practice, there are just a handful of currency pairs that are extremely popular and for retail traders, forex brokers rarely offer more than several dozen pairs.

With the United States having the largest economy in the world and the U.S. dollar being the reserve currency of the world, it should come as no surprise that nearly all of the popular currency pairs include the U.S. dollar. Below are the most popular pairs and their weight in the market:

  • EUR/USD – 24.0%
  • USD/JPY – 13.2%
  • GBP/USD – 9.6%
  • AUD/USD – 5.4%
  • USD/CAD – 4.4%
  • USD/CNY – 4.1%

Company Information:

This website (www.excentral.com/en) is operated by Mount Nico Corp Limited, a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission with CIF license number 226/14. The company is located at Arch. Makariou III 240 & Vyronos 1, P. LORDOS CENTER, BLOCK B, Flat/Office 204, 3105 Limassol, Cyprus.

 

Mount Nico Corp Limited owns and operates the “eXcentral” brand.

 

Risk Warning:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 88.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. eXcentral does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Mount Nico Corp Limited is not a financial adviser and all services are provided on an execution only basis. Please read our Risk Disclosure document.

 

Regional Restrictions:

Mount Nico Corp Limited offers services within the European Economic Area and Switzerland. Our Company does not offer its services to new clients residing in the Netherlands. Mount Nico Corp Ltd does not provide regulated financial services to residents of the United Kingdom.

 

Mount Nico Corp Limited does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Mount Nico Corp Limited is not a financial adviser and all services are provided on an execution only basis.

Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 88.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Categorisation

Apply to become a Professional Client in order to trade with your current market rates
Qualifying Criteria:

Retail

  • Negative Balance Protection
  • Maximum leverage 1:30
  • Margin close out at 50%
  • Investor Compensation Fund

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  • Higher Leverage –up to 1:400
  • Margin close out at 20%
  • Access to VIP Platinum Education
  • Access to Premium Contests

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Please keep in mind that in order to apply to become a professional client, you must meet the following criteria:
  • Significant trading volume in the past year
  • Relevant working experience in a professional position
  • Financial instrument Portfolio of over €500,000

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