Choosing a suitable brokerage firm is essential when it comes to starting your trading journey. Before settling on a broker, traders should ensure they have a thorough understanding of the account types, fee structure, technology, and other offerings a broker provides. This way, they can increase their chances of a smooth and successful trading experience. In this EXANTE broker review, we take a look at frequently asked questions about the company, in the hopes of getting you to better understand more about EXANTE so you can make a better-informed decision.

What is EXANTE?

EXANTE is a leading global investment firm that offers clients a wide range of trading instruments from global markets ranging from the US, Europe, and the Asia-Pacific region. The brokerage firm was founded by Alexey Kirienko, Anatoliy Knyazev, and GatisEglitis in 2011. EXANTE values transparency and prioritises technology and financial information accessibility. This is reflected in the broker’s dedication to providing a personalised user experience and superior trade execution. As of the time of writing, the brokerage firm has $2 billion in assets under management (AUM).

EXANTE serves clients in more than 100 countries. Clients can have access to over 50 markets and more than 600,000 financial instruments. Including currencies, stocks, Exchange-Traded Funds (ETFs), options and futures. The brokerage firm is licensed in the UK (FCA), Malta (MFSA), Cyprus (CySEC) and Hong Kong (SFC). As it operates in the EU, EXANTE also complies with the MiFID II framework, which ensures financial operations in the EU are regulated and that traders’ funds are protected and secured. The company is further audited on a regularbasis by a Big Four Company. This means EXANTE is a highly reputable and regulated brokerage firm that traders can trust, and the SEC clears EXANTE as well.

EXANTE currently provides a network of over 1,100 servers all around the world to ensure the lowest latencies and safe data transfer.

What account types does EXANTE offer?

EXANTE traders looking to participate in the financial markets have different options when it comes to creating their accounts. Currently, there are three different types of accounts EXANTE offers to users:

Individual account

Individual trading accounts have a minimum initial deposit of 10,000 EUR/GBP or in the equivalent currency.To open an individual trading account, one must provide proof of identity (such as a government-issued identity card or passport) and proof of residence (such as a utility bill). Do note that traders must use two different documents – one document cannot confirm both requirements.

Corporate account

Corporate trading accounts have a minimum initial deposit of 50,000 EUR/GBP or in an equivalent currency. To open a corporate trading account,one must provide several documents. These include proof of registration, incorporation documents, proof of active status, power of attorney, Tax Identification Number (TIN), and more. Do note that the Onboarding department may request additional documents if needed.

Demo account

EXANTE provides a demo account for all traders that register an account. The demo account contains simulated funds of up to 1,000,000 EUR as a default, although the currency can be adjusted upon request. This is a great way for traders to practice their trading skills before committing to participating in the financial markets with their real money on the line. That said, the market data for the demo account is delayed by at least 39 minutes in a simulated trading environment.

Are there restrictions on opening an account?

EXANTE prides itself on being a global investment company that works with a wide range of clients from all over the world. That said, there are a few restrictions issued by the broker concerning who can register an account.

As of the time of writing, EXANTE does not work with clients from the US (both citizens and residents), Japan, Iran, the Democratic People’s Republic of Korea (DPRK), Belarus, and Russia. Additionally, traders from the following countries and regions also require enhanced due diligence, such as Afghanistan, Bosnia and Herzegovina, Ethiopia, Iraq, Lao PDR, Syria, Uganda, Vanuatu, and Yemen.

What technology does EXANTE provide?

The brokerage firm provides a few technological offerings to users who want a more complex trading experience. This includes API integration for algorithmic trading and quotes monitoring for experienced traders. Traders can integrate HTTP API with their office and trading systems, allowing them to obtain raw trade data in the form of price alerts and live market quotes.

Some of the apps the broker provides include a price alerts bot on Telegram that provides access to charts and quotes for their product range of over 600,000 financial instruments in various global markets. Traders also have access to market stickers to share the price of financial instruments with their peers, or they can set up an exchange rates bot to follow currency dynamics closely.

EXANTE provides an easy-to-follow HTTP API integration instruction manual on their official website, as well as guidelines that allow traders to create their own demo apps and test out new integrations before going live.

What are the features of EXANTE’s trading platform?

The EXANTE platform offers an in-depth trading experience, with full features and functions including:

• Account balance
• Trade activity
• Position overview
• Bond screener
• Real-time market data
• Transaction history overview
• Transfers between accounts
• Current orders and historic order review

EXANTE’s trading platform can also be used on multiple devices at the same time. This means traders can run the platform on their desktops and manage their orders on their smartphones.

Bottom line

Choosing a broker that aligns with your investment goals is vital. On the whole, EXANTE is a reliable and trustworthy broker that is regulated globally, meaning traders can rest well knowing their funds are safe. As such, EXANTE is a broker worthy of consideration.