A Thorough Review of EXANTE

EXANTE is a global fintech brand and trading platform that offers over 1,000,000 trading instruments in the largest exchanges around the world, across the US, Europe, and the Asia Pacific region. The brand is used by brokerages regulated by the FCA in the United Kingdom, the SFC in Hong Kong, the MFSA in Malta, and the CySEC in Cyprus. The EXANTE trading platform ensures full market coverage and state-of-the-art technology, including specialised tools.

In this updated review of EXANTE, we will go through the following:

• Product offerings

• Account types

• Account opening and onboarding processes

• Account funding process

• Customer support tools and quality

• Research and analysis tools

• Reliability of broker

• Awards and industry recognition

• Customer testimonials

Product offerings

EXANTE offers over 1,000,000 instruments across most financial markets, which is impressive and can be very helpful for users wishing to diversify their investment portfolios. The broker’s product offering includes stocks and ETFs, metals, indices, bonds, options, futures, and forex. Trade execution speeds of 10ms help traders minimise slippage when trading.

Traders can participate in leveraged trading, with different levels of leverage available depending on the user’s account type, trading instrument, and trade size.

Stocks and ETFs

There are over 24,000 individual stocks and ETFs on offer from global exchanges in the US, Europe, and the Asia Pacific region.

Metals

Traders can buy and sell precious and industrial metals on the spot or through derivatives such as options and futures. Instruments include, but are not limited to, gold, silver, platinum, and copper.

Bonds

Private and government bonds are available for trading over the counter or through exchanges in the US and the EU. EXANTE offers a bond screener to help prospective traders filter through available bonds, and purchase of bonds can be done through contacting one’s assigned trading manager.

Options

There are over 900,000 options available, with a wide range of underlying assets across financial markets spanning the US, Europe, and the Asia Pacific region. An options board is a feature of their platform, and traders can use metrics such as the Greeks and Implied Volatility to make decisions regarding options trading.

Futures

EXANTE offers direct access for traders to over 30 global futures exchanges, covering the US, Europe, and the Asia Pacific region.

Forex

There are over 50 currency pairs on offer, including major, minor, and exotic pairs. EXANTE’s traders can trade forex on the spot or through swaps or forwards.

Account types

EXANTE offers three account types: individual, corporate, and demo trading accounts.

Individual

Live individual accounts are available with a minimum deposit requirement of 10,000 EUR/GBP. In my opinion, this is a high barrier to entry. However, individual traders can access EXANTE’s full product offering, which consists of 1,000,000+ tradable instruments. Accounts also support multiple currencies, which is an added benefit for those looking to build a robust and diverse portfolio.

Corporate

Live corporate accounts are available for corporate representatives, and they begin with a minimum deposit requirement of 50,000 EUR/GBP.

Demo

EXANTE offers a demo trading account which allows traders to access their proprietary trading platform and entire product range with no risk. Opening a demo account seems fairly straightforward – users only need to register with the broker, with no credit card needed on file nor personal documents for verification.

The demo account comes with virtual funds of 1 million EUR. This amount can be adjusted by manually contacting the broker’s support team. In my opinion, traders held back by the high live account minimum deposit requirement can try out EXANTE’s services this way to determine whether they want to proceed, which is a good way to offer potential traders flexibility before committing.

Market data is delayed by at least 30 minutes when trading on demo.

Account opening and onboarding processes

Account registration at EXANTE begins with signing up to open a trading account. At this stage, you provide some personal information, such as your name, phone number, and email. The rest of the account registration process for EXANTE then depends on whether you are going for a live or demo account.

If you are opening a demo account, you can gain access to the broker’s Demo Area quickly. This is accessed through your Client’s Area.

If you are opening a live account, you will then need to fill in a questionnaire indicating your trading experience and fields of interest. This is the broker’s way of making sure their traders open an account that matches their needs, and it is a thoughtful intermediary step. You will need to verify your identity afterwards, and verification normally takes one business day. After verification, you can fund your account and meet the minimal funding requirements.

Documentation

Opening a live account will require documentation. This will vary depending on the live account you intend to open.

Live individual trading accounts require:

• Proof of identity, which must contain your full name, nationality, date and place of birth, and the issue and expiry date of the document. You can expect a valid passport, government-issued identity card, residence card, or driving licence to work.

• Proof of residence, which must contain your full name, address, document date, and the name of the service or organisation. You can expect utility bills, bank statements, and government correspondence letters.

Live corporate trading accounts, on the other hand, require:

• Proof of company registration, which must contain your company name, registration number, and date of registration. This can be a certificate of incorporation or registration, or an extract from an official registrar.

• Incorporation documents, such as a partnership agreement, by-laws, statute, or articles of association.

• Registered office proof, such as a certificate of registered office, certificate of good standing, an extract from the official registrar, or any other legal document stating the registered address.

• Proof of Active status, which is only applicable if your company has been registered for more than one year. This can come in the form of a good standing certificate, or a certificate of incumbency.

• Tax Identification Number (TIN), which is the tax number and tax residence of the company.

Additional requirements depend on the structure of your company. For companies where the Director or shareholders are Legal Entities, there will be more documentation required confirming registration, status, and incorporation.

Funding options

Traders can add money to their accounts via bank transfer. The broker believes that it is the safest way of transferring large sums of money, and they send out an email with transfer details once an account has been verified. It generally takes 1-5 business days for the transfer to be processed.

EXANTE supports multi-currency accounts. Traders can fund their accounts with EUR, GBP, USD, JPY, CHF, CZK, SEK, CAD, HKD, MXN, PLN, NOK, SGD, or AUD. There is no fixed minimum or maximum transfer limit, so the deposit can be transferred at once or in parts, giving traders a level of flexibility. EXANTE is clear, however, about traders only being able to access the live trading area once they have fulfilled the minimum deposit requirement.

Switching between demo and live trading

One of the standout features of EXANTE is the ease in transitioning between the demo and live trading. Starting out in a demo environment, you can enter the live trading area on the trading platform – desktop, mobile, or web. You can also leave the live trading area and return to the demo environment with a toggle switch on the top toolbar of the platform.

To switch between areas, some basic conditions need to be met:

• Your account must be verified – this can be done by uploading the verification documents in the Client’s Area and getting approval from the broker.

• Your account is funded and meets the minimum deposit requirements.

If you do not meet the criteria, you may see a message bouncing back, saying you have incorrect login credentials. You won’t be able to proceed to the live trading area, but you can still continue using the demo environment.

The EXANTE trading platform

EXANTE offers direct market access to financial markets through the EXANTE trading platform, which is their proprietary solution. It has a network of 1,100 servers across the world, which ensures low latencies and minimises slippage when trading.

Desktop and mobile compatibility

The EXANTE trading platform is compatible on every device. Mobile traders can download the trading platform app from the App Store or from the Google Play Store, and desktop traders can install the platform whether they are using Mac, Windows, or Linux. Trading via browser is also available.

Features and trading tools

The EXANTE trading platform features include trade monitoring, account transfers, and precise order entry and exit modules. They provide a comprehensive set of tools, including built-in tools such as the Bond Screener to filter bonds. There is also the capacity for third-party integration, including the option for traders to build their own apps, such as price alert messenger bots or new price discovery charting interfaces. There is a lot of room for customisation here, which would be suitable for professional and sophisticated, experienced traders who wish to make the most of their investment journey by executing personalised strategies.

Installing and setting up the trading platform

EXANTE has a clear installation and setup process for their trading platform. Traders only need to download the setup file onto their device and begin to install their platform. At this stage, traders should have a registered account with EXANTE.

Customer support

EXANTE offers a few modes of contact for their clients – by phone, over email, or with the use of online chat from their website or in a trader’s Client’s Area. The broker fields callback requests 24/7 and can respond through online chat in multiple languages. They have also guaranteed an answer from their customer support team within three minutes upon receipt of client requests.

Quality of customer support

EXANTE has a strong customer support team who are equipped with knowledge on both the financial markets and on the broker’s products, ranging from their trading platform to account management. Responses are quick and responders are helpful and professional, which adds points to the broker’s operations.

Research and analysis tools

As a broker for professionals, EXANTE offers a good range of research and analysis tools in the form of market data analysis, reports, information sheets, and industry news. They also have a designated area for webinars and tutorials, providing educational materials.

Finally, they have a dedicated insights section that consists of weekly reflections and evaluations of market movements and global events. The insights section was set up to inform and inspire traders of intermediate and advanced levels to spot new opportunities and seize them. Articles cover financial market updates and a tip on markets to watch in the coming week. It is clear that EXANTE does not intend for their insight sharing to be construed as advice, which they also clarify in their articles, as any responsible broker would.

Reliability of broker: regulations and measures

EXANTE is a brand name and trading platform used by the brokers licensed by the FCA in the United Kingdom, the SFC in Hong Kong, the MFSA in Malta, and the CySEC in Cyprus.

Trade execution reliability

The brokers work with major UK, EU, and Asian banks, and they rely on Tier 1 liquidity providers for clearing. They work with multiple counterparties for each financial instrument, and their trading platform has a network of over 1,100 servers. Commodity deals are executed directly at each corresponding exchange.

Security measures

EXANTE has several safety measures in place to ensure both data and fund protection. The brokers are GDPR-compliant, and all personal data submitted by clients is safeguarded from authorised access and unlawful processing or disclosure. The EXANTE trading platform and the Client’s Area have 2 Factor Authentication (2FA) enabled, supporting SMS, Email, or One-Time Password app verification. For a platformwith a high minimum deposit requirement, this is a much-needed security measure.