An updated review of EXANTE broker (2023)

Published On : 12/20/2023

EXANTE is a fintech brand and trading platform that provides access to global financial markets for professional traders through live individual and corporate trading accounts. The brand is used by reputable brokers regulated by the FCA in the United Kingdom, the SFC in Hong Kong, the MFSA in Malta, and the CySEC in Cyprus. The platform offers a wide range of financial instruments across equities, bonds, commodities, options, futures, and currencies. In this review, we will examine the broker’s products and services so that prospective traders can make an informed decision if they are looking to open an account with EXANTE. It will focus particularly on the EXANTE trading platform, examining its featured modules as well as any additional third-party tools supported by the broker.

Summary

• Over 1,000,000 financial instruments available for trading, including equities, bonds, commodities, options, futures, and currencies
• Two types of live trading accounts – individual and corporate, and one demo trading account
• Individual live trading accounts begin at 10,000 EUR/GBP
• Corporate live trading accounts begin at 50,000 EUR/GBP
• Proprietary trading solution – the EXANTE trading platform
• Regulated by the FCA in the UK, the SFC in Hong Kong, the MFSA in Malta, and the CySEC in Cyprus
• Customer support via email, online chat, phone, and 24/7 callback requests

Over 1,000,000 financial products to choose from

EXANTE provides a comprehensive range of over 1,000,000 investment instruments across various financial markets, spanning the US, Europe, and the Asia Pacific region. Markets include equities (stocks and ETFs), metals, indices, bonds, options, futures, and forex, the platform caters to diverse trading needs. Leveraged trading is available, and rates and commissions vary depending on the instrument being traded, the trade size, and the account type from which the trade is executed.

Equities

EXANTE offers access to more than 24,000 individual stocks and ETFs listed on global exchanges in the US, Europe, and the Asia Pacific region. The leverage and trading rates differ based on the specific exchange and stock.

Commodities

Traders can engage in buying and selling precious and industrial metals, either through spot transactions or derivatives like options and futures. The available instruments include gold, silver, platinum, copper, and more. The leverage and trading rates differ based on the specific commodity being traded.

Bonds

EXANTE provides the opportunity to trade private and government bonds through over-the-counter channels or exchanges in the US and the EU. The platform offers a bond screener to help traders filter through available bonds, and bond purchases can be facilitated by contacting one’s assigned trading manager.

Options

With a selection of over 900,000 options, EXANTE covers a wide range of underlying assets across financial markets in the US, Europe, and the Asia Pacific region. Traders can access an options board on the platform and utilise metrics such as the Greeks and Implied Volatility to make informed decisions regarding options trading. Leverage and trading rates are subject to change based on the exchange and stock involved.

Futures

EXANTE grants direct access to over 30 global futures exchanges, spanning the US, Europe, and the Asia Pacific region, enabling traders to participate in futures trading. The futures exchange and the underlying asset plays a role in determining the range of leverage and trading rates available.

Forex

Traders can choose from 50+ FX pairs, including majors, minors, and exotics. Forex transactions can be conducted through spot trades, swaps, or forwards. Leverage and trading rates vary, depending on the currency pair that is being traded, the trade volume, and the trading account type.

Account types and tiers

EXANTE provides three types of trading accounts: individual, corporate, and demo trading accounts.

Live individual accounts

• A minimum deposit requirement of 10,000 EUR/GBP
• Supports multiple currencies

To open a live individual trading account, the following documentation is required:

1. Proof of identity: This document should include your full name, nationality, date, and place of birth, as well as the issue and expiry date of the document. Acceptable forms of identification typically include a valid passport, government-issued identity card, residence card, or driving licence.

1. Proof of residence: This document should display your full name, address, document date, and the name of the service or organisation. Examples of suitable documents include utility bills, bank statements, and government correspondence letters. These documents serve as evidence of your residential address.

Live corporate accounts

• A minimum deposit requirement of 50,000 EUR/GBP

• Supports multiple currencies

To open a live corporate trading account, the following documentation is required:

1. Proof of company registration: This document should include your company name, registration number, and the date of registration. Acceptable forms of proof include a certificate of incorporation or registration, or an extract from an official registrar.

1. Registered office proof: This documentation verifies the registered address of the company. Acceptable forms of proof may include a certificate of registered office, certificate of good standing, an extract from the official registrar, or any other legally recognized document that states the registered address.

1. Incorporation documents: These documents establish the legal framework and structure of the company. Examples include a partnership agreement, by-laws, statute, or articles of association.

1. Proof of Active status (if applicable): If your company has been registered for more than one year, evidence of its active status is required. This can be demonstrated through a good standing certificate or a certificate of incumbency.

Demo trading account

Finally, EXANTE offers a demo trading account that allows traders to access their proprietary trading platform and explore the full range of products without any risk. When trading on the demo platform, market data is delayed by at least 30 minutes.

The demo account comes preloaded with virtual funds totalling 1 million EUR, and traders have the option to adjust this amount by directly contacting the broker’s support team. By utilising the demo account, potential traders can experience EXANTE’s services and evaluate whether they want to proceed.

The EXANTE trading platform

EXANTE provides traders with direct market access to financial markets via their proprietary trading platform, the EXANTE trading platform. Traders can buy and sell 1,000,000+ assets, including equities, bonds, options, futures, metals, and currencies. The platform also has a network of 1,100 servers across the world to ensure the lowest latencies and safe data transfers.

Desktop and mobile compatibility

The EXANTE trading platform is compatible on every device. Traders can trade on the web, from a desktop Windows, macOS or Linux terminal, or from their iOS or Android smartphone. Trading from the browser is also available.

Features and trading tools

The EXANTE trading platform features consist of customisable panels that can be moved and marked up for the ease of the trader. Each of the modules performs a dedicated function. Below are the modules available:

• Instruments

Organised in a tree-like structure, all available instruments provided by the broker are gathered and grouped by type. Traders can navigate the tree by expanding its branches. They can also type in a few letters from the instrument’s name, ticker, exchange, ISIN or FIGI if they know what they are looking for.

• Click-Trade

Traders can use this module to create new trades quickly and easily, including placing limit orders. For those who wish to see more detailed options, they can select the Order module.

• Order

Traders can use this more detailed Order module by selecting the relevant instrument in the Instruments module and dragging it into the Order module. Unlike the Click-Trade module, traders can choose among even more order types and specify how they would like to execute the trades, including providing information on price, price change in absolute values, or number of pips (in integers).

• Basket Trader

This module allows traders to collect a portfolio of assets and jointly execute them as Market orders. Traders can specify the quantity for each of the instruments, and the side of trade (buy or sell). They can then set a multiplier for the basket’s overall volume, making it a convenient way to trade larger orders or multiples of instruments.

• Exchange

With this module, traders can take advantage of their multi-currency account setting and conveniently convert their funds from one currency to another. The bottom part of the module displays the conversion rate at the moment of exchange, so that traders are aware of it.

• Summary

The Summary module displays information concerning the trader account’s status. It includes positions, available funds, margin size, and Net Available Balance (NAV). This allows traders to view their account status at a glance, in one window. The module is available in compact and expanded views, depending on how much information they would like to see.

• Portfolio

This module allows traders to view and manage all open positions and all working orders, as it displays the primary information (instrument, position, average price, price, initial value, P&L, order direction, and status) of all open positions. Traders can also cancel all working orders from the Portfolio module.

• Margin Report

The Margin Report module allows traders to track their margin utilisation. Again, it has both compact and expanded views, depending on how much information a user may need.

• Orders

With this module, traders can view information about all the orders they have placed, whether the orders have been successfully executed or not. There is a great capacity for customisation in this window, as traders can sort and filter their orders by any column.

• Trade Blotter

The Trade Blotter module will come in handy for more advanced traders, as it displays information about all executed trades and transactions with sophisticated filters, such as time period, account, quantity, instrument, quantity, position side, commission, and the default currency of the underlying.

• Watchlists

Watchlists help traders keep track of the ask and bid prices along with the Up and Down price indicators for their chosen instruments. It functions much like a Favourite list, allowing traders to easily seize opportunities when they arise.

• Chart

The Chart module is one of the most useful and key tools among the trading platform’s features. It updates in real time and shows current market quotes, and traders can drag and drop instruments in this module to monitor them effectively.

Traders can also change the layout of the chart effortlessly – this includes adjusting the scale of the chart, switching between tick data if available, and charting timeframes. Finally, traders can select their preferred charting style, in the form of OHLC bars, candlesticks, or lines.

• Market Depth

The Market Depth module provides traders with a list of active limit orders. These orders are grouped by trading side and arranged by price, and traders can visualise their active orders and existing market conditions while they are planning their next move. Traders can also place orders quickly through this module by double-clicking on cells – but this function can be turned off in the platform settings.

• Option Board

Finally, EXANTE has an Option Board module, which is unique to its platform. The module is the main resource for analysing and trading options, of which the broker provides over 900,000. The module allows traders to track instruments and their market activity, and traders can copy and export the data to MS Excel to further analyse data. The Options Board is easily customisable, and EXANTE also provides metrics specific to options trading, such as the Greeks and Implied Volatility (IV), to help traders make informed decisions.

Other tools: Bond Screener, third-party applications

In addition, EXANTE offers a wide range of tools to enhance the trading experience regardless of user. These tools include built-in features like the Bond Screener, which enables traders to filter bonds based on their specific criteria. Moreover, EXANTE allows for seamless integration with third-party applications, empowering traders to develop their own personalised tools such as price alert messenger bots or innovative price discovery charting interfaces.

Installing and setting up the trading platform

EXANTE offers a straightforward installation and setup process for their trading platform. Traders simply need to download the setup file onto their device and initiate the installation of the platform. It is important to note that prior to this step, traders should have a registered account with EXANTE.

Customer support at EXANTE

Finally, EXANTE provides several channels of communication. Clients can reach out to the broker through phone, email, or online chat available on the EXANTE website or within the trader’s Client’s Area. Callback requests are fielded round-the-clock, and online chat is available in multiple languages.

The EXANTE customer support team is well-versed in both the financial markets and the broker’s product offerings, including its feature-rich trading platform. In fact, the team is known for their prompt responses, and they have received positive feedback for their professionalism on many forums and user-generated reviews.

Final words – EXANTE: a worthy broker?

In summary, EXANTE is a trusted and robust broker that caters to traders of all levels, offering abundant opportunities for success in the financial markets.

As an increasing number of traders engage in the financial markets, those seeking a sophisticated trading experience can turn to EXANTE. With their extensive range of products and advanced trading platform, EXANTE elevates trader journeys to the next level by providing a seamless user experience and efficient order execution.