Overall Score43 / 100The Wikilix trust rating of Mount Nico, out of 100, built from the five factors below.It holds no valid licence, and our investigation found it is high risk and could not be verified.Regulation0%Identity88%Client terms48%Trading offer75%Service50%Score last calculated 2026/10/29
High risk35 to 49. Serious gaps in regulation, client terms or conduct; the record points to real risk for a deposit.Why: It holds no valid licence, and our investigation found it is high risk and could not be verified.
43 out of 100 · 78% checkedThe share of the record we could verify. What we could not check counts as unknown and pulls the score toward the middle, never down.
Do not trust
High risk
Fair
Good
Excellent
It holds no valid licence, and our investigation found it is high risk and could not be verified.
We checked Mount Nico on 2026-10-29 across its regulation, company record, client terms, trading offer and service, and could verify 78% of its record. It holds no valid licence: every licence we knew of has ended or could not be found on its register. The score of 43 is what the checked record adds up to; nothing held it down. What would move the score: site integrity, policy risk, critical clauses. Our published investigation found it is high risk and could not be verified, with 12.5 years of track record. Its client terms have not been reviewed yet. Trading EURUSD costs about 0.9 pips all-in, spread and commission together.
Score last calculated 2026/10/29
Regulation
Is someone watching them?
0out of 100
Poor
Counts for 35% of the score100% checked
What we checked
Best licence in force0
CySEC 226/14 register says "Under voluntary renunciation of the authorisation; positions" · Oct 22, 2026Source
Regulator protections0
No regulator in force to protect clients
Licence held by the onboarding entity0
No licence in force to hold
Extra licences in force0
No licence in force
What this measures
Whether a financial authority supervises this broker: the licences it holds, whether we verified them on the official register, how strong that regulator is and what protection it gives clients. Worth 35 points of 100.
Identity
Who is behind it, and for how long?
88out of 100
Excellent
Counts for 15% of the score85% checked
What we checked
Registry-verified entity100
Company registration verified on the registry · Sep 11, 2026Source
Who is behind it and for how long: a company registration we verified, years of verified history, how openly it names its entity, address and owners, and whether its website is intact. Worth 15 points.
Client terms
Are the client terms fair?
48out of 100
Poor
Counts for 15% of the score13% checked
What we checked
Policy riskNot checked yet
No published policy review
Critical clausesNot checked yet
No published policy review
Withdrawal rails33
4 rail(s): 0 fee-free of 0 known, 0 instant of 4 known, minimum $0 · Sep 11, 2026
Language parityNot checked yet
No published policy review
What this measures
How fair the client agreement is: the risk found in our policy review, the number of critical clauses, withdrawal rules, and whether the terms say the same in every language. Worth 15 points.
13 of 15 pricing cells filled across 5 account type(s) · Sep 11, 2026
Instrument breadthNot checked yet
No instrument counts known
Platforms95
1 platform(s) (MetaTrader 4), web, mobile · Sep 11, 2026
Leverage vs regulated cap45
Maximum leverage 1:400 · Sep 11, 2026
Minimum deposit69
Minimum deposit $250 · Sep 11, 2026
What this measures
What trading costs and how clearly it is disclosed: pricing per account type, the all-in cost of EURUSD, instruments, platforms, leverage against regulated limits and the minimum deposit. Worth 20 points.
4 of 6 support checks (phone, email, 24/7 chat, 2+ languages, messenger, complaints email) · Sep 11, 2026
Reputation footprint40
Scam check reputation 6/10 · Sep 11, 2026
WIKILIX communityNot checked yet
0 approved review(s), fewer than 10
What this measures
How clients are treated: support channels, complaints about withdrawals and reputation from our investigation, and reviews by WIKILIX members. Worth 15 points.
49%Scam riskScam risk is our overall estimate that this broker is unsafe, from 0% (safe) to 100% (almost certainly a scam). It blends the six risk areas below, weighted by how strong the evidence is. Higher means riskier.
High risk (unverified)Our overall call, based on the evidence we could verify. From safest to worst: Appears legitimate, Insufficient evidence, High risk (unverified), Likely scam, Confirmed scam. A separate "Not a broker" verdict is used when it does not really offer trading.Confidence: MEDIUMHow sure we are of this verdict, based on how much solid, checkable evidence we found. Shown as Low, Medium or High.
3.0/5Safety rating 3 out of 5
The Wikilix safety rating, from 1 to 5 stars. It mirrors the scam risk (5 = safest, 1 = riskiest), so a higher risk percentage means fewer stars.
Mount Nico Corp Limited, the company behind the eXcentral and NicoFX trading brands, is a real Cyprus firm that held a genuine CySEC licence, but it is now renouncing that licence and shutting down,…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Regulation6/10 · HighIs it overseen by a strict, well-known financial regulator? Offshore-only or missing licences score higher.Scored 0 (clean) to 10 (worst). This area is 6/10 (High).Identity & transparency2/10 · LowHow openly it shows who and where it is (legal entity, address, owners). Hidden details score higher.Scored 0 (clean) to 10 (worst). This area is 2/10 (Low).Withdrawals & conduct6/10 · HighCredible reports of clients being unable to withdraw their money. More such reports score higher.Scored 0 (clean) to 10 (worst). This area is 6/10 (High).Reputation6/10 · HighWhat independent reviews, regulators and watchdogs say about it. A poor track record scores higher.Scored 0 (clean) to 10 (worst). This area is 6/10 (High).Website claims4/10 · ModerateWhether the site claims (awards, years active, licences) actually check out. False claims score higher.Scored 0 (clean) to 10 (worst). This area is 4/10 (Moderate).Operational history3/10 · LowHow long and how consistently it has genuinely operated. Brand-new or murky history scores higher.Scored 0 (clean) to 10 (worst). This area is 3/10 (Low).
Editorial review
Updated
Broker Summary
What Wikilix has recorded about Mount Nico: its history, the licences it holds, its trading conditions and its fees.
Mount Nico Broker Overview
Mount Nico is the trading brand of Mount Nico Corp Limited, a private company incorporated in Cyprus on 12 June 2012 under registration number HE307717 and based at Poreias 2, 3011 Limassol. The company held Cyprus Investment Firm authorisation numbered 226/14 and offered contracts for difference on currencies, indices, commodities, shares and cryptocurrencies through MetaTrader 4 under its eXcentral and NicoFX brands. A client notice published on its own websites states that it has renounced that authorisation and ceased offering its investment services and activities, that all positions have been closed and that access to trading accounts has been terminated.
Mount Nico Regulation and License
The company names one financial authority. Mount Nico Corp Limited was authorised by the Cyprus Securities and Exchange Commission as a Cyprus Investment Firm under licence number 226/14, with an effective date of 7 February 2014. The company publishes the scope of that authorisation as execution of orders on behalf of clients, portfolio management, safekeeping and administration of financial instruments including custodianship, the granting of credits or loans connected to transactions in financial instruments, and foreign exchange services connected to the provision of investment services. Its lists cross-border registrations with the competent authorities of twenty-eight European Economic Area jurisdictions, quoting numbers for France (75131), Spain (3876), Italy (4101), Hungary (K8801135), Norway (FT00086141) and Romania (PJM01FISMCYP1911), and states that it may also offer services in Switzerland. Those are notifications of the Cyprus licence passported into each market, not separate licences.
The decisive fact is the company's own client notice, which states that Mount Nico Corp Limited has renounced its licence. This review did not confirm the licence's current standing on the authority's own register, so the authorisation is recorded as held once and no longer in force. The company publishes its own , and its About text links the authority's entity page at cysec.gov.cy.
Is Mount Nico Regulated?
No. On the company's own account it is not: its client notice states that it has renounced its Cyprus Investment Firm authorisation and stopped providing investment services. That answer matters because the rest of both websites has not been updated to match it and still describes the company as authorised and regulated under licence 226/14.
Mount Nico Corp Limited
Mount Nico Corp Limited is the single legal entity behind three consumer brands: Mount Nico at mtnico.com, eXcentral at excentral.com and NicoFX at nicofx.com. The footer of excentral.com states that the company owns and operates the eXcentral brand. The Cyprus Registrar of Companies records three earlier registered names against the same company number: Nico Financial NF Limited, Speed Capital Markets SCM Limited and TF Global Markets Ltd. The company is still shown as registered, with two named directors and a company secretary on record, and it holds an active Legal Entity Identifier at the same Limassol address.
Is Mount Nico Safe?
A client cannot treat Mount Nico as a safe place to put money, because no financial authorisation stands behind it and there is no trading service left to buy. The corporate side is sound: the entity is real, registered, findable, and consistent with the address it publishes. What is missing is the supervision. The protections the company used to cite, including Investor Compensation Fund cover and the client money rules of the Cyprus framework, attach to an authorised firm, and the company says it is no longer one. Anyone still holding a balance is directed to a single email address for the final processing of funds.
Mount Nico Account Types
Five tiers are published under the eXcentral brand, separated mainly by minimum deposit and spread:
Classic: 250 dollars or euros, indicative EUR/USD spread 2.5 pips.
Silver: 2,500 dollars or euros, at the same 2.5 pip indicative spread as Classic.
Gold: 25,000 dollars or euros, indicative EUR/USD spread 1.8 pips, with a swaps discount period.
VIP: minimum deposit described only as discretionary, indicative EUR/USD spread 0.9 pips.
VIP Diamond: open to professional clients only, at the same 0.9 pip indicative spread and with larger maximum trade sizes.
Every tier trades the full instrument range, with a minimum trade size of 0.01 lots, a margin call at 100 percent and a stop out at 50 percent for retail clients and 20 percent for professional clients. The withdrawal help pages refer instead to Basic, Gold, Platinum and VIP tiers, so the published account naming is not internally consistent.
Mount Nico Spreads, Commissions and Fees
Pricing is spread only. No trading commission appears on the account comparison, and the company states that no deposit fee is charged to the client. Indicative EUR/USD spreads run from 2.5 pips on the entry tiers down to 0.9 pips on the two VIP tiers, with GBP/USD and USD/JPY quoted at 2.8 falling to 1.4, and crude oil at 0.10 dollars falling to 0.06. Two charges do apply: a monthly inactivity fee after one month without a deposit, withdrawal or trade, and withdrawal charges beyond a free allowance that differs by tier, with the detail held in a separate fees document. The company also discloses that 88.89 percent of its retail investor accounts lost money trading contracts for difference, a figure given as 84.19 percent on other pages of the same site.
Mount Nico Leverage
Retail clients are capped at 1:30 and professional clients are offered up to 1:400. Professional status requires significant trading volume over the past year, relevant professional experience and a financial instrument portfolio above 500,000 euros.
Mount Nico Trading Platforms
MetaTrader 4 is the only platform, offered as a Windows desktop client, a browser terminal and iOS and Android apps, with live and demo servers named eXcentral-MAIN Live and eXcentral-Demo. There is no MetaTrader 5 and no proprietary platform. The client portal that the brand site links to for logging in and opening a live account does not load.
Mount Nico Deposits and Withdrawals
Deposits are accepted by credit or debit card, by e-wallet including Skrill and Neteller, and by wire transfer, with no deposit fee charged by the company. Withdrawal requests are processed within 24 business hours and the funds may then take up to five business days to arrive. There is no minimum withdrawal to cards, Skrill or Neteller, while wire withdrawals start at 100 euros, 120 dollars, 80 pounds, 100 Swiss francs or 7,000 roubles. Money is returned only to the source it came from and only up to the amount deposited, and trading profits are paid separately to a bank account or an e-wallet. Clients left with a balance after the wind-down are told to write to info@excentral-eu.com.
Mount Nico Support
Support runs through a Cyprus telephone number, +357 25 008133, and by email. Complaints are handled only through the company's own , and the company states that it may not accept a complaint by any other means; it commits to acknowledging a complaint within five days and answering within two months, with escalation to the Financial Ombudsman of the Republic of Cyprus. The brand site publishes English, Czech, German, Spanish, Italian, Polish and Portuguese.
Mount Nico Pros and Cons
Strengths
A genuine, traceable Cyprus legal entity with a registration number, a matching registered office and named directors on the public register.
A real Cyprus Investment Firm authorisation held since 2014 and passported across the European Economic Area, rather than an offshore registration.
Clearly published costs on the tiers it did offer, with no trading commission and no deposit fee.
Limitations
No financial authorisation is in force, on the company's own statement, so no supervision and no investor compensation cover stands behind the service.
Both websites still describe the company as authorised and regulated under licence 226/14, contradicting the notice published on the same pages.
Accounts are closed and the login portal does not work, while the brand site goes on advertising live account opening.
Account tier names and the disclosed loss percentage differ between pages, and the risk disclosure document that the corporate site's footer links to is not published at that address.
Mount Nico Review and Assessment
Mount Nico is best understood as a wound-down Cyprus broker rather than a broker a reader can use. The company behind it is real and its licence was real, which puts it in a different category from an offshore shell or a cloned brand, but the company itself says the authorisation is gone and the trading service with it. The practical risk is not that a deposit made today would be unprotected; it is that a website still advertising a live account and a CySEC licence invites a deposit that cannot be made safely, and that a lapsed brand with a real licence number is attractive material for reuse. Anyone with money left at the firm should pursue it through the published contact route and the Cyprus Financial Ombudsman, and no one should open a new account here.
Website archive
Captured
Website snapshots
One full-page capture of Mount Nico's own site, archived so what it said can still be read after the page changes.
Mount Nico holds a tier-1 or tier-2 licence that we confirmed on the regulator's own register. Each licence below opens its record of what that register says.
1 of 1 checked
Licences on recordEvery licence or registration recorded for this broker, whether the broker claims it or our check found it.
1
Confirmed on registerLicences we located on the issuing regulator's own public register, with a screenshot taken at the time.
1
Tier 1 or 2Licences from tier-1 or tier-2 authorities (FCA, ASIC, CySEC and peers), the strongest client protection. A registration we could not confirm as a licence is not counted.
1
OffshoreLicences from offshore registers, which typically carry no compensation scheme and lighter oversight.
0
WIKILIX
Licence intelligence
The only licence on file
Licence Verification Record
Cyprus Securities and Exchange Commission226/14
Wikilix read the CySEC register on Oct 22, 2026. This is what it said.
Under voluntary renunciation of the authorisation; positions closed and trading terminated
Effective
Feb 7, 2014
Shown on the Mount Nico website
Shown
No longer in force
Checked Oct 22, 2026
Permissions
Execution of orders on behalf of clients
Portfolio management
Safekeeping and administration of financial instruments, including custodianship and related services
Granting credits or loans to one or more financial instruments, where the firm granting the credit or loan is involved in the transaction
Foreign exchange services where these are connected to the provision of investment services
Ιnvestment research and financial analysis or other forms
What our check found
A genuine EU (Cyprus) investment-firm licence that allowed CFD and forex brokerage across the EEA by passport. Real regulation with moderate protection, now being handed back. Client protection: EU MiFID conduct rules plus Investor Compensation Fund cover up to 20,000 euros, but only while the licence is in force; that protection lapses as the firm renounces it. Effective: 07 Feb 2014.
Client protection under this licence
Compensation schemeUp to €20000 (ICF)
Client money kept separate
Negative balance protection
Complaints routeCyprus Financial Ombudsman
Maximum leverage1:30
These are the rules CySEC sets for the firms it licenses. They are not a statement about how Mount Nico applies them, or about which of its companies would hold your account.
A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
1United Kingdom (GB): the company's own registrations section and the regional-restrictions block repeated in the footer of every page of mtnico.com and excentral.com state that Mount Nico Corp Limited does not provide regulated financial services to residents of the United Kingdom.
2Netherlands (NL): the registrations section of mtnico.com carries the footnote that the Company does not offer its services to new clients residing in the Netherlands, and excentral.com shows a standing site banner that new registrations from the Netherlands are no longer accepted.
3Portugal (PT): a standing notice on mtnico.com states that the Company no longer accepts new registrations from Portugal, repeated as a site banner on excentral.com. Portugal is nevertheless still one of the languages the brand site publishes.
4Belgium (BE): the regional-restrictions block on the inner pages of excentral.com states that the company offers services within the European Economic Area excluding Belgium, and Switzerland.
5United States (US): the regulations FAQ on excentral.com states plainly that US residents are not accepted as clients.
6US dependent territories (PR, GU, VI, AS, MP): inferred from the named block on the United States, whose residents are US persons. Neither site names these territories individually.
7No whitelist is recorded. The registrations section of mtnico.com names twenty-eight European Economic Area jurisdictions plus Switzerland in which the company says it is registered with the competent authority, including cross-border registration numbers for France, Hungary, Italy, Norway, Romania and Spain, but that is a statement of where the passported authorisation was notified rather than a current onboarding list. The company's own client notice states that it has renounced its licence, ceased offering investment services, closed all positions and terminated access to trading accounts, so no jurisdiction is currently being onboarded.
8The scope wording within the European Economic Area and Switzerland is a category rather than a list of countries, so no codes were inferred from it beyond the jurisdictions the pages name individually.
9Location check, terms and client agreement: mtnico.com publishes no terms page. The legal index at excentral.com/en/legal/ lists a Client Agreement, AML Policy and Withdrawal Policy as embedded documents; the regional-restrictions block appears on that page.
10Location check, dedicated countries page: the registrations section at mtnico.com/index.php#register holds the jurisdiction list and the exclusions. excentral.com has no separate countries page; its restrictions sit in the footer block and the site banners.
11Location check, signup country list: mtnico.com has no registration form at all, only a complaint form with a free-text nationality field. The live-account link on excentral.com leads to portal.excentral.com/login, which shows an error page rather than a registration form, so no enforced country list could be confirmed.
12Location check, funding and policy pages: the deposit, withdrawal and fees help-centre pages on excentral.com carry no jurisdiction restrictions; the regulations help-centre page carries the United States exclusion.
13Location check, footer disclaimer and language variants: the regional-restrictions footer block appears on both sites. The brand site publishes English, Czech, German, Spanish, Italian, Polish and Portuguese variants, which indicates the markets deliberately served.
Deposits & withdrawals
Funding Methods
4 ways to fund an account. 4 with no deposit fee.
4 methods
Method
Deposit fee
Withdrawal fee
Min deposit
Withdrawal min / max
Processing
Credit/Debit CardCredit CardNo deposit fee is charged to the client. Withdrawal requests are processed within 24 business hours and funds may take up to five business days to arrive. No minimum withdrawal amount applies to cards. Withdrawals are returned only to the deposit source and only up to the amount deposited, and the number of free withdrawals each month depends on the account tier.
Wire TransferWire TransferNo deposit fee is charged to the client. Minimum wire withdrawals are stated as 100 euro, 120 dollars, 80 pounds, 100 Swiss francs and 7,000 roubles. Requests are processed within 24 business hours and funds may take up to five business days to arrive.
Free
—Not recorded
—Not recorded
EUR 100/—Not recorded
Up to 5 days
Broker's notes on these methods
1No deposit fee is charged to the client and no minimum withdrawal amount applies. Requests are processed within 24 business hours and funds may take up to five business days to arrive. Trading profits can only be paid out to a bank account or an e-wallet. · applies to 2 methods
MetaTrader 4 (MT4) is a popular trading platform for Forex and CFDs, offering advanced charting, automated trading via Expert Advisors, and fast, reliable execution.
MOUNT NICO CORP LTDActiveLicence holderCyprus·Registration HE307717·Established Jun 12, 2012Holds CySECThe operating legal entity, incorporated in Cyprus on 12 June 2012 and still shown as registered on the Cyprus Registrar of Companies, which also records two current directors and a company secretary and the same registered office the company publishes. The registrar records three earlier registered names for the same company number: Nico Financial NF Limited, Speed Capital Markets SCM Limited and TF Global Markets Ltd. The entity holds an active Legal Entity Identifier, 2138007AOJ526TASD235, registered to the same address. It owns and operates the eXcentral and NicoFX brands, and its own client notice states that it has renounced its Cyprus Investment Firm authorisation and ceased offering investment services.
Company registry check
Checked
Company Registration
The operating company is Mount Nico Corp Limited. Registered in Cyprus. Registration number HE307717.
Verified on registry
Legal entity
Mount Nico Corp Limited
Registration number
HE307717
Jurisdiction
Cyprus
Incorporated
Jun 12, 2012
Registry
Cyprus Department of Registrar of Companies
Registered address
Poreias 2, 3011 Limassol, Cyprus
Peer comparison
Brokers worth comparing
4 other brokers on the record share what Mount Nico offers — its country, regulator, account types or platforms — set beside it on the same measures.
By telephone on +357 25 008133 and by email to info@mtnico.com, with compliance@mtnico.com given for compliance matters and info@excentral-eu.com for remaining balances. Formal complaints are accepted only through the company's complaint form at mtnico.com, which it says it will not substitute with email or telephone.
Yes. The footer of excentral.com states that the website is operated by Mount Nico Corp Limited and that the company owns and operates the eXcentral brand. The same client notice about renouncing the licence and closing accounts appears on both sites.
While authorised it described itself as implementing the Cyprus regulatory requirements on safeguarding client funds, and its brand site listed Investor Compensation Fund cover and negative balance protection as features of a retail account. Those protections attach to an authorised firm, and the company states it has renounced its authorisation, so they should not be assumed to apply now.
It described its market as certain countries of the European Economic Area plus Switzerland, and named twenty-eight European Economic Area jurisdictions in which it held cross-border registrations. It stated plainly that it did not serve residents of the United Kingdom or the United States, that it no longer accepted new registrations from the Netherlands or Portugal, and, on its brand site, that Belgium was excluded.
The company's client notice directs anyone with an available balance to write to info@excentral-eu.com for the final processing of their funds. Keep a dated copy of the request and of your account records. If you get no satisfactory answer, the company's published complaints procedure runs through its own complaint form at mtnico.com, with escalation to the Financial Ombudsman of the Republic of Cyprus, which you must contact within four months of a final response.
The company stated that withdrawal requests are processed within 24 business hours and that funds may then take up to five business days to reach the withdrawal source. Money could only be returned to the source it came from and only up to the amount deposited, while trading profits were paid separately to a bank account or an e-wallet.
The published channels are credit and debit cards, e-wallets including Skrill and Neteller, and wire transfer, with no deposit fee charged by the company. Since accounts have been terminated these routes are no longer usable for new funding.
MetaTrader 4 only, offered as a Windows desktop client, a browser terminal and iOS and Android apps, with live and demo servers named eXcentral-MAIN Live and eXcentral-Demo. There is no MetaTrader 5 and no proprietary platform.
Pricing was spread only, with no trading commission shown on the account comparison. Indicative EUR/USD spreads ran from 2.5 pips on Classic and Silver to 1.8 on Gold and 0.9 on the two VIP tiers. A monthly inactivity fee applied after one month without a deposit, withdrawal or trade, and withdrawals beyond a per-tier free allowance were charged.
Up to 1:30 for retail clients and up to 1:400 for clients categorised as professional. Professional status required significant trading volume over the previous year, relevant professional experience and a financial instrument portfolio above 500,000 euros.
250 dollars or euros for the entry-level Classic account, rising to 2,500 for Silver and 25,000 for Gold. The VIP minimum was described only as discretionary, and VIP Diamond was open to professional clients only.
Mount Nico Corp Limited, a private Cyprus company incorporated on 12 June 2012 under registration number HE307717, with its registered office at Poreias 2, 3011 Limassol. The same company owns and operates the eXcentral and NicoFX brands, and the Cyprus Registrar of Companies records three earlier registered names against the same company number: Nico Financial NF Limited, Speed Capital Markets SCM Limited and TF Global Markets Ltd.
No. The company states that all positions have been closed and access to trading accounts has been terminated. The eXcentral brand site still shows Live Account and Join us Today buttons, but the client portal they lead to does not load a registration page.
There is no evidence of fraud. The operating company is real and verifiable: Mount Nico Corp Limited is registered in Cyprus under number HE307717 at the Limassol address it publishes, with named directors on the public register. The problem is different in kind: the company says it has given up its licence and closed client accounts, while its websites go on advertising a regulated live-account service.
No. Mount Nico Corp Limited held Cyprus Investment Firm authorisation 226/14 from the Cyprus Securities and Exchange Commission, but a client notice on its own websites states that it has renounced that licence and ceased offering its investment services and activities. Both sites still carry older text calling the company authorised and regulated under that number, which contradicts the notice on the same pages.
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