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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.
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.
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.
The European Securities and Markets Authority (ESMA) has formally adopted new measures on the provision of CFDs to Retail clients in the European Union which took effect on the 1st of August 2018. CySEC was one of the regulators who decided in September 2019, to adopt formally and permanently the restrictive measures proposed by ESMA. The measures include significant downsize in leverage, a specific margin close out rule, restrictions on trading benefits, etc.
To apply, download and complete the Professional Client Application Form here and then submit the relevant form using the button below.
*Professional Clients are not entitled for ICF Compensation2
Stop out level will become 50% on all eXcentral platforms.
From 1st of August 2018 stop out levels will become 50% on all eXcentral trading platforms, for all clients.
*Note that during Professional Classification with eXcentral, the stop out level will be 20%.
For example:
Account currency= USD, account leverage = 1:50
On 27/07/2018, you go long 1 lot of GOLD at the price of $1,225. The required margin is 2,450 USD ((1*100*1,225)/50) that is (Contract size*Lot Value) / Leverage).
At end of day on 27/07/2018 the account equity is 980USD and thus the margin level is 40 % (= Equity/Margin*100 = 980/2,450*100).
With the current stop out level at 20%, the position will remain open since the margin level (40%) is higher than 20%.1
On 30/07/2018, the stop out level is increased to 50%, with the account margin level being lower at 40%, the client would already have been stopped out (i.e. the position would have closed).
*1.00 Lot = 100.00 Oz of GOLD
You can become a professional client if you submit an application and meet among others two out of the three criteria mentioned below3:
1 A standardised margin close out rule at the percentage of the minimum initial required margin prescribed above on a per account basis. For professional clients' trading accounts the percentage is subject to changes.
2 The objective of the Investor Compensation Fund (ICF) is to secure claims of Retail Clients through the payment of compensation (up to €20,000) in cases where we default on our obligations to you, if certain conditions are met. Read more here.
3 You can decide whether you wish to submit an application now or at a later stage or even remain to be treated as retail client. Please note that you have the option to revert your status back to retail once you become professional at any time if you wish so.
4 Financial instruments include shares, cash deposits made to fund or profits accrued from investing in derivatives, debt instruments and cash deposits. They do not include property, traditional commodity ownership or the notional value of derivative instruments.
You can read more about the product intervention measures of ESMA here and at our Client Categorization Policy here.
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.
We regret to inform you that Mount Nico Corp Ltd, which owns the eXcentral EU brand, has made the difficult decision to renounce its license and therefore cease offering its investment services and activities. We understand that this may come as a surprise, and we want to assure you that this decision was not taken lightly. We value our customers and investors and appreciate the trust you have placed in us over the years.
Please note that as communicated, all positions have been closed and access to trading accounts has been terminated.
In case you have available balance, please contact [email protected] for the final processing of your available funds.