There is no doubt that choosing the right broker is essential before people begin trading. This means traders should have a thorough understanding of the various account types a broker offers, its fees and rates, products offered, and more. Traders should also make sure they are working with a broker that is reputable and trustworthy, so they know that their funds are being safely held. In this EXANTE broker review, we answer some of the most frequently asked questions traders have, so that you have a better understanding of what this brokerage firm provides to its clients.
What is EXANTE?
EXANTE is a global investment company that provides direct market access through its trading and investment solutions. It was established in 2011 by founders Alexey Kirienko, Anatoliy Knyazev, and GatisEglitis. Currently, the firm boasts over a decade of experience delivering bespoke and tailored financial services to its clients. As of writing this article, EXANTE has $2 billion in total assets.
The brokerage firm offers over 600,000 financial instruments in over 50 financial markets which traders can directly access through EXANTE’s trading platform. EXANTE also has a network of over 1,100 servers all over the world to ensure trade execution takes place with the lowest latencies and the safe transfer of data.
EXANTE was founded on the vision to improve the transparency and connectivity of global financial markets with the use of sophisticated and innovative trading solutions. To address the issue of product fragmentation and low trade execution latency, EXANTE’s bespoke trading platform was built to centralise access to thousands of financial instruments as well as to stream real-time market data to investors from one single multi-currency account. Privacy and personal service are also core components of what the founders envisioned as the future of investment services.
What licenses does EXANTE have?
Traders will be pleased to know that EXANTE is licensed and regulated in all the regions that it is based in. In Hong Kong, EXANTE is regulated by the Securities and Futures Commission (SFC) while in the UK, the investment firm is authorised and regulated by the Financial Conduct Authority (FCA) instead. In Cyprus, the firm is licensed by the Cyprus Securities and Exchange Commission (CySEC), and in Malta, EXANTE is licensed by the Malta Financial Services Authority (MFSA). This allows the broker to provide financial services to both corporate and retail clients, for trading and investment purposes, in the regions in which it operates.
As a broker that operates in the EU, EXANTE is compliant with MiFID II requirements. This is a legislative framework that aims to regulate the financial markets in the EU and improve protections for investors and traders. It also aims to standardise practices across the EU and restore confidence in the financial industry. The MiFID II regulates off-exchange and over-the-counter (OTC) trading as well.
How can I contact EXANTE?
There are many ways for traders to contact EXANTE’s customer support, in case any questions or issues come up. They include email, chat, telephone, and 24/7 call-back requests. Aside from working around the clock, EXANTE also guarantees that its support team will respond within three minutes upon receipt of a trader’s request.
In addition to a quick response time, EXANTE offers multi-language support, which can be helpful if a client’s first language is not English. Other languages the brokerage firm supports include, but are not limited to Chinese, German, Spanish, Italian, and Portuguese.
What account types does EXANTE offer?
There are a few different account types EXANTE offers to clients. These are the corporate, individual, and demo accounts. An individual account requires a minimum deposit of 10,000 EUR/GBP, while a corporate account requires a minimum deposit of 50,000 EUR/GBP. The required documents needed to open both accounts are different.
For an individual trading account, clients need to provide proof of identity (this can include a valid passport or government-issued identity card) and proof of residence (such as a utility bill or certificate of Good Conduct). For a corporate trading account, some documents needed include proof of registration, proof of active status, Tax Identification Number (TIN), Power of Attorney, and more.
The demo account is offered freely to anyone who registers an account with EXANTE. While the interfaces are similar, a demo account only allows for paper trading, as everything is done in a simulated environment. EXANTE provides traders with virtual 1,000,000 UER so they can practise their trading skills and try out new strategies without any fear of incurring a loss. The number of virtual funds can also be adjusted by contacting customer support. However, market data in a demo account is delayed by 30 minutes.
It is vital that traders choose a broker with offerings that align with their trading style and goals. Therefore, traders should conduct thorough research before deciding which broker to work with. After reviewing the broker, we can conclude that EXANTE is reliable and trustworthy. It is compliant with all the regulatory measures in its operating regions. Aside from offering robust customer support, EXANTE provides various account types for traders to choose from. All in all, we recommend EXANTE for all traders to use – regardless of experience or skill level.