There is nothing more important than choosing the right broker when it comes to trading and investment. Before you settle on a broker, you should ensure you have a thorough understanding of their product offering, account types, and fee structures. You should make sure you are working with a licensed and reputable institution to increase your chances of a smooth and successful trading experience.
In this EXANTE broker review, we aim to look at the company’s product offerings, their trading platform, account types, and finally, fee structures. If you are looking to create a trading account to start participating in the financial markets, this review is invaluable in helping you make a more informed decision.
EXANTE’s background
EXANTE is a global investment company that provides direct access to over 600,000 trading instruments from international markets. Servicing over 100 countries, the broker has offices around the world and is licensed in their major regions. This includes being licensed by the FCA in the UK, the CySEC in Cyprus, the MFSA in Malta, and the SFC in Hong Kong. The broker is also compliant with the MiFID-II framework that regulates financial market activity within the European Union.
EXANTE’s founders, Alexey Kirienko, Anatoly Knyazev, and Gatis Eglitis, launched the investment company with the goal of increasing the accessibility and ubiquity of financial information among traders and investors. There is an emphasis on technology and openness in the company’s vision, which it fulfils.
Now that you know a bit about the company’s background, we move onto our examination and opinion of EXANTE broker.
EXANTE’s offerings
EXANTE provides an impressive range of over 600,000 financial instruments and access to global exchanges and markets. The products offered by the broker include Stocks and ETFs, Currencies, Metals, Futures, Options, Funds, and Bonds. Let’s take a more in-depth look at these products.
Stocks and ETFs
EXANTE offers over 24,000 stocks in over 50 financial markets around the world. With 100% live prices, traders with EXANTE can invest in blue chips, new IPOs, and everything in between. Stock exchanges available include US, European, and APAC markets, ranging from the American Stock Exchange, the NASDAQ, and the NYSE to the Singapore Exchange, Australian Securities Exchange, and the Tokyo Stock Exchange. Rates vary, depending on the size of the trade and the type of stock or ETF traded.
Currencies / FX trading
EXANTE offers 50 currency pairs with 100% live prices and fast execution of 10ms. The ultra-low latency afforded by the broker is available through its trading platform, and traders can trade forex on the spot or through swaps and forwards. Currency pairs include major ones such as the AUD/USD, EUR/USD, and GBP/USD, as well as minor pairs such as the EUR/JPY, and more. Exotic currencies are also available on request. Traders can access leveraged trading and spreads vary depending on account type, trade size, and currency pair traded.
Metals
EXANTE offers a variety of metals for trading, including copper, gold, silver, and platinum. With 100% live prices and 10ms execution, traders can invest in metals on the spot or through derivatives such as futures and options, or ETFs. Precious metals are also available, and rates vary depending on trade size and metal traded.
Futures
When it comes to derivatives, EXANTE offers the trading of futures and options. Traders can access over 30 global futures markets with 100% real-time prices on their trading platform, and access over 500 futures varieties from commodities to bonds. Markets available cover the US, UK, continental Europe, and APAC, with varying rates.
Options
With more than 500,000 options available, EXANTE offers an impressive potential for portfolio diversification. Those keen on trading derivatives will find a neat option board and access the Greeks and IV (Implied Volatility) metrics with ease to manage and monitor markets. Exchanges cover the US, European, and APAC exchanges, with popular names such as the Chicago Board Options Exchange (CBOE), the Hong Kong Exchange (HKEX), and the Chicago Mercantile Exchange (CME).
Bonds
Finally, traders can invest in bonds with EXANTE. There is a wide variety of bonds available, including exchange-traded and OTC bonds, and state and private bonds from governments around the world, including the US, European Union, and exotics. Bonds that offer timely interest pay-outs are on offer, and there are unlimited opportunities for the EXANTE trader with the use of the broker’s bond screener, a powerful comparison tool which allows traders to search for an invest in their preferred bond choice efficiently.
Account types offered
For those who are eager to sign up for a live account with EXANTE, the broker offers two different account types: individual or corporate.
Live accounts
Individual account holders should have initial funding of 10,000 EUR/GBP or its currency equivalent, while corporate account holders should have initial funding of 50,000 EUR/GBP or its currency equivalent. Traders who wish to open separate private and corporate accounts with EXANTE can also do so.
Additionally, joint accounts are available for clients who want to oversee multiple individual accounts, given they pass a compliance test and meet the requirements for individual accounts. This account type offered by EXANTE creates a whole new set of opportunities for account managers, and a maximum of four individual clients can participate in a single joint account.
Demo account
Users can also sign up for a demo account with simulated funds if they want to practise their trading skills before committing to participating in the financial markets with their real money. Demo account traders can trade with virtual funds of 1,000,000 EUR as a default, with the currency to be adjusted upon request. However, market data is delayed by at least 30 minutes in the simulated trading environment.
Restrictions on opening a trading account
EXANTE is a global investment company that works with a wide range of clients from around the world. However, there are a few restrictions issued by the broker concerning account registration.
Currently, EXANTE does not work with clients from the US (citizens and residents), Japan, Iran, the Democratic People’s Republic of Korea (DPRK), Belarus, and Russia. Traders from the following countries and regions also require enhanced due diligence: Afghanistan, Bosnia and Herzegovina, Ethiopia, Iraq, Lao PDR, Syria, Uganda, Vanuatu, and Yemen.
EXANTE’s trading platform
A broker focused on developing trading technology and promoting financial transparency, EXANTE backs up their vision with an intuitive trading platform. The EXANTE trading platform offers direct access to all financial markets and instruments on offer from a single multi-currency account. The platform is available on mobile and on desktop, and there is a strong network of over 1,100 servers around the world working together to ensure low latencies and high security.
Features and functions
The EXANTE platform offers a comprehensive trading experience, with a full feature and functions set in all its versions, including:
- Account balance
- Trade activity
- Real-time market data
- Position overview
- Current orders and historic order review
- Bond screener
- Click-trade function
- Transfers between accounts
- Transaction history overview
The EXANTE platform can also be used on multiple devices simultaneously. This means traders can run the trading platform on their desktop while managing their orders on the trading app on their smartphone. They can also use two opened desktop platforms on a single device by using separate directories for both. However, EXANTE does caution against doing so for computers with low capacities – as it may slow down the working speed of the device.
MT4 Connection
EXANTE does not offer MT4/MT5 connection. However, traders who are more experienced and want to set up an HTTP connection can do so on the EXANTE trading platform.
APIs for experienced traders
Experienced and professional traders can also implement third-party plug-ins such as various APIs to execute complex trading strategies. There are two ways to do so.
Firstly, EXANTE’s HTTP API allows traders to build next generation applications, visualise market quotes, and use options strategy advisors to improve trading efficiency. The FIX 4.4 API is also available, and it allows algorithmic traders to trade automatically. Here, EXANTE issues a disclaimer that they are not responsible for the security and performance of third-party trading hardware that traders use – a typical one that is issued by brokers with clients who work with plugins.
Summary
In the complex world of financial markets, choosing a broker that aligns with your investment goals is crucial. EXANTE is a reliable and trustworthy broker that is regulated globally and compliant with the financial regulatory framework in major trading locations.
Breaking down several points that we have discussed in this EXANTE broker review, we can conclude that the company offers a strong trading network. Along with an impressive range of financial instruments on offer, EXANTE’s clients can enjoy a comprehensive and smooth trading experience regardless of skill and experience level.
For traders and investors who want to participate in the financial markets with efficiency, innovativeness, and peace of mind – EXANTE is certainly a very worthy broker to consider.
