EXANTE is an investment company that was founded in Malta in 2011 and today has a strong reputation and over $2 billion in AUM. This review will go over what the broker offers and its account types. It will also offer background information on the investment company itself, such as its ethos and details on its founders. For an in-depth look at the product offering provided by this broker, you can access another professional trader’s review of EXANTE.
International presence and regulation
EXANTE operates globally and it has clients in over 100 countries, from across continents. The broker is headquartered in Malta, and it has offices in London, Hong Kong, and Cyprus. It also offers financial services in the European Union and beyond. The broker is regulated by the MFSA in Malta, the SFC in Hong Kong, the FCA in the United Kingdom, and the CySEC in Cyprus. To ensure security in its operations in the EU, it is also compliant with MiFID-II and GDPR, which ensures not only transparency in trade execution and competitive instrument pricing, but also safeguards client data and personal information.
There are restrictions and constraints on who can open an account with EXANTE, despite the fact that their clientele is broad. The US (people and residents), Japan, Iran, the Democratic People’s Republic of Korea (DPRK), Belarus, and the Russian Federation are currently the only countries from which they do not accept clients. This list is periodically updated, and as of the time of this review, the data is correct.
Ethos
One of the main things that makes EXANTE stand out as a broker is its ethos and mission of spotting gaps in the market and working to fill it. EXANTE was established by founders Anatoliy Knyazev, Gatis Eglitis, and Alexey Kirienko in 2011. It was founded with the vision to improve connectivity and transparency in the global financial markets, and there is a big emphasis on innovation and accessibility with the broker. It is one of the reasons why it has such a diverse product offering that is so easily accessible, and it is why the broker caters to traders regardless of experience level.
The broker was established in Malta and became the first in the country to offer direct access to global markets for Maltese traders, and they have continued to break down barriers more than a decade later. It is how EXANTE has managed to expand quickly and build a strong reputation – with strong trading solutions on offer that are designed in-house and used by their clients around the world.
Product offering
EXANTE’s product offering is incredibly diverse and rich, with over 600,000 financial instruments available for trading in over 50 global markets. For those who are looking to build a balanced portfolio, there really is no better broker to work with. The products include 50 FX pairs, over 24,000 individual stocks, 500,000 options, access to more than 30 futures markets, various precious and industrial metals, and US and European government and private bonds.
Instruments are traded with competitive rates, with a small commission charged that includes fees from trade execution and clearing. Rates and commission depend on the size of the trade and the instrument being traded. EXANTE makes many major and minor currency pairs, as well as the most popular government and private bonds available for its traders, but it also states that exotic currency pairs and exotic bonds can be traded upon request.
Account types and minimum deposit requirements
EXANTE offers two live accounts and one demo account. For those who want to create a live account, they have two options: individual and corporate.
Individual accounts are perfect for traders of all levels with a fair amount of capital, as the minimum deposit requirement is 10,000 EUR/GBP or its equivalent in any other supported currency. Corporate accounts can be used by business owners or major shareholders of businesses, and it has a minimum deposit requirement of 50,000 EUR/GBP. There is a straightforward but strict verification process for all traders with live accounts, and EXANTE provides a list of required documents on its official website.
Both live account types offer 100% live data when trading on the EXANTE trading platform, which has a network of over 1,100 servers to reduce latency when trading. Deposits of funds can be made in multiple currencies, including – but not limited to – USD, GBP, EUR, CHF, and PLN. A withdrawal fee of 30EUR is required when requesting withdraws, but there is no fee for fund depositing.
Demo accounts can be obtained free of charge when a client signs up with the broker, and demo traders can also access the full catalogue of EXANTE’s product offerings. However, market data is delayed by 30 minutes when trading with a demo account, and demo traders should be aware of this discrepancy.
Overall thoughts
This has been a general overview of EXANTE as a company, as we offer our thoughts on the broker’s ethos, background, and a glimpse into its product offering and available account types. Overall, EXANTE is a strong broker that has a wide product offering that exceeds those of many of its competitors, and it has a solid fee structure with no hidden fees on its processes. EXANTE’s founders have a drive to innovate and improve financial market accessibility, which is evident in its intuitive bespoke trading platform and the presence of multi-currency trading accounts.
