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Mount Nico

No Regulation
Cyprus
,
Since 2012
Last Updated:

Trading Conditions

Min Deposit:
USD250
Max Leverage:
400
Account Types
ClassicSilverGold+2 more

User Reviews

—
Total Reviews
—
This Month
—
Avg Rating

Funding Methods

4 methods

Credit/Debit Card

credit card
24 hours
Fee:
Free
Fee:
Free

Skrill

e wallet
24 hours
Fee:
Free
Fee:
Free

Neteller

e wallet
24 hours
Fee:
Free
Fee:
Free

Wire Transfer

wire transfer
5 days
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 32%, 2: License 69%, 3: Software 50%, 4: Spread 0%, 5: Account Type 24%, 6: Symbol 0%
Regulation
32%Poor
License
69%Good
Software
50%Fair
Spread
0%Poor
Account Type
24%Poor
Symbol
0%Poor

Regulatory Licenses

Regulatory Licenses:
Tier 2
Cyprus flag
Straight Through Processing(STP)
Regulated
CySEC | Cyprus

Company Information

Full Name:Mount Nico Corp Limited
Founded:2012
Headquarters:Cyprus
Enterprise Offices:1offices

Customer Support

Phone:
+357 25 008133
Live Chat:
business_hours
Response Time:
—
Languages:
EnglishCzech+5
Scroll Down

Is Mount Nico a scam?

Wikilix independent safety report

Read the full report
0%Scam risk
High risk (unverified)Confidence: MEDIUM
3.0/5Safety rating 3 out of 5

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 · HighIdentity & transparency2/10 · LowWithdrawals & conduct6/10 · HighReputation6/10 · HighWebsite claims4/10 · ModerateOperational history3/10 · 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 registrations page 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 regulatory licence document, 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 complaint form, 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.

1 page
Homepage (Mount Nico Corp)
Captured by Wikilix from the broker's live site. Open any shot to read it full size.
Regulation check
Checked

Regulatory Licenses

Every licence on record has expired or been closed on its register. We hold no evidence that Mount Nico is regulated today.

1 of 1 checked
Licences on record
1
Confirmed on register
0
Tier 1 or 2
0
Offshore
0

WIKILIX

Licence intelligence

The only licence on file

Licence Verification Record

Cyprus Securities and Exchange Commission 226/14

Wikilix read the CySEC register on Sep 11, 2026. This is what it said.

Name on the register
MOUNT NICO CORP LTD
Jurisdiction
Cyprus
Authority strength
Tier 2
Licence type
Straight Through Processing(STP)
Register status
Under voluntary renunciation of the authorisation; positions closed and trading terminated
Effective
Feb 7, 2014
Shown on the Mount Nico website
Shown
Not found on register

Checked Sep 11, 2026

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.

Open the CySEC licence recordCheck it on the registerAbout CySEC
Trading accounts
Updated

Account Types

5 account types on record. Minimum deposit from USD 250. Leverage up to 1:400.

5 account types
AccountMin DepositLeverageCommission
ClassicClassic · StandardUSD 2501:30No commission, spread only
SilverStandardUSD 2,5001:30No commission, spread only
GoldGold · VIPUSD 25,0001:30No commission, spread only
VIPVIPNot recorded1:30No commission, spread only. Minimum deposit stated as discretionary
VIP DiamondDiamond · VIPNot recorded1:400No commission, spread only. Open to professional clients only
Account names and conditions as published by Mount Nico, recorded by Wikilix.
Client acceptance

Country availability

Where Mount Nico says it will and won't take clients

10 countries

Confirmed blocked

Named in the broker's own terms

GBUnited KingdomNLNetherlandsPTPortugalBEBelgiumUSUnited States

Covered by a parent block

Territories a blocked country carries with it

PRPuerto RicoGUGuamVIVirgin Islands (U.S.)ASAmerican SamoaMPNorthern Mariana Islands
How we know — 14 sources
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 5United States (US): the regulations FAQ on excentral.com states plainly that US residents are not accepted as clients.
  6. 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.
  7. 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.
  8. 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.
  9. 9Location check, terms and client agreement: mtnico.com publishes no terms page (/terms, /terms.php, /legal, /client-agreement and /documents all return not found, including under an /en/ prefix). The legal index at excentral.com/en/legal/ was reached and lists a Client Agreement, AML Policy and Withdrawal Policy as embedded documents; the regional-restrictions block appears on that page.
  10. 10Location check, dedicated countries page: the registrations section at mtnico.com/index.php#register was reached and 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.
  11. 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 returns an error page rather than a registration form on two independent attempts, so no enforced country list could be read.
  12. 12Location check, funding and policy pages: the deposit, withdrawal and fees help-centre pages on excentral.com were reached and carry no jurisdiction restrictions; the regulations help-centre page was reached and carries the United States exclusion.
  13. 13Location check, regulator filings: not opened in this run. A filing states permitted rather than blocked jurisdictions and could not by itself confirm a block.
  14. 14Location check, footer disclaimer and language variants: the regional-restrictions footer block was read on both sites. The brand site publishes English, Czech, German, Spanish, Italian, Polish and Portuguese variants, which indicates the markets deliberately served.
Recorded by WIKILIX research, not published by the broker, and not a guarantee. A country listed nowhere above is not thereby accepted — check Mount Nico's own terms before you open an account.
Deposits & withdrawals

Funding Methods

4 ways to fund an account. 4 with no deposit fee.

4 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Credit/Debit CardCredit Card
No 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.
FreeNot recordedNot recordedNot recordedNot recorded24 hours
SkrillE-Wallet1FreeNot recordedNot recordedNot recordedNot recorded24 hours
NetellerE-Wallet1FreeNot recordedNot recordedNot recordedNot recorded24 hours
Wire TransferWire Transfer
No 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.
FreeNot recordedNot recordedEUR 100Not recorded5 days

Broker's notes on these methods

  1. No 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
Fees, limits and processing times as published by Mount Nico, recorded by Wikilix.
Trading software

Trading Platforms

One trading platform on record: MetaTrader 4.

1 platform
  • MetaTrader 4 logo

    MetaTrader 4

    by MetaQuotes Software Corp.since 2005Developer site

    MetaTrader 4 (MT4) is a popular trading platform for Forex and CFDs, offering advanced charting, automated trading via Expert Advisors, and fast, reliable execution.

    Runs on

    • Windows
    • Mac
    • Web
    • Android
    • iOS
    Details
Platforms and download links as published by the broker, recorded by Wikilix.
Websites

Global Domains

4 domains on record. 2 active.

4 domains
  • Cypruswww.excentral.comRegionalCyprusActiveHTTPS
  • Cypruseu.excentral.comRegionalCyprusActiveHTTPS
  • Cyprusportal.excentral.comAPICyprusInactiveHTTPS
  • Cypruswww.nicofx.comRegionalCyprusInactiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Legal entities

Corporate Network

One legal entity behind the Mount Nico brand.

1 entity
  • MOUNT NICO CORP LTDActiveLicence holderCyprusRegistration HE307717Established 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.
Entities named in the broker's own documents and company registers, recorded by Wikilix.
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
Frequently Asked Questions

Frequently Asked Questions

Common questions about Mount Nico

Most Popular Questions

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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