Our take on EXANTE

EXANTE is a Malta-headquartered global CFD and forex broker, and it is regulated by multiple top-tier authorities around the world, including the Cyprus CySEC, the Hong Kong SFC, the United Kingdom FCA, and the Malta MFSA. EXANTE offers competitive spreads and low commissions and rates, with reasonable overnight financing and short selling fees. Their proprietary platform is well-designed and customisable, and it lives up to the broker’s mission of promoting innovation and financial market transparency. The broker serves clients worldwide, with exceptions that is stated on their website. The list is updated from time to time – for the most accurate information, it is recommended to visit the EXANTE website. Live and demo accounts are available.

Main highlights of EXANTE

Below is a breakdown of the main highlights of EXANTE. For more information, read the rest of the review, where you will find more details.

• Competitive spreads and reasonable fees for overnight financing, withdrawals, account inactivity, and short selling
• Wide range of 600,000+ financial instruments across 50 global markets
• Live and demo accounts available
• Live account minimum deposit requirement of 10,000 EUR / GBP or currency equivalent
• Proprietary trading platform innovated by EXANTE with a set of comprehensive tools and indicators, compatible with third-party plugins
• Low latency trade execution with minimal slippage with over 1,100 servers

Markets and products

EXANTE offers direct access to over 50 global markets including the LSE, the NYSE, the ASX, and more, on over 600,000 financial instruments. Asset classes available include forex, stocks and ETFs, metals, bonds, options, and futures. The broker has 50 million EUR in charter capital, and at the time of writing this review, 12 years of experience as a broker on the market.

Commissions and fees

Spreads for forex pairs begin at 0.3, stocks and ETFs from 0.02 USD, metals from 3 USD, bonds from a rate of 9bps, and options and futures from 1.5 USD. EXANTE charges a variety of fees in commission for trade execution and for fund safekeeping and account inactivity.

The broker charges overnight rates for traders that want to keep their positions open overnight. These rates are applicable to FX trades and short positions on financial instruments. Traders with cryptocurrency funds may also be subject to safeguarding fees and charges for trade execution, whether they are entering or exiting the market. Other instruments are not subject to overnight fees when traders take long positions. The exact rates depend on the specific market conditions of the instrument and the size of the trade, and the broker suggests its clients to check exact fees in their dedicated Client’s Area.

Another fee that traders should be aware of is account inactivity charges. For individual traders with live accounts, EXANTE defines ‘inactivity’ as an account that has no open positions, no trade execution in the past six months, and a balance of under 5,000 EUR. In the instance of account inactivity, traders will be automatically charged 50 EUR a month.

Finally, EXANTE facilitates short selling on stocks, and traders can enjoy a default rate of 12% for all easy-to-borrow stocks. There can be changes depending on market conditions, and traders can get the most updated information for their situation by contacting the EXANTE support team.

Account opening and funding

EXANTE offers both live and demo accounts for individual and corporate traders. Live accounts for individual traders begin with a minimum deposit requirement of 10,000 EUR / GBP, or its currency equivalent. Live accounts for corporate traders begin with a higher minimum deposit requirement of 50,000 EUR / GBP, or its currency equivalent. Demo accounts are free upon registration with the broker.

Live account holders can enjoy direct access market and trade the full range of EXANTE’s offering with 100% live rates. As a multi-currency account, traders can store their funds in the accepted currencies, which include EUR, USD, GBP, CHF, JPY, AUD, BND, CAD, CNY, DKK, HKD, NOK, SEK, SGD, ZAR, and THB. Funding is only available in EUR, USD, and GBP through bank transfer, and there is a minimum deposit of 10,000 EUR / GBP or its USD equivalent. Withdrawals are available upon request which will be processed within one working day, and fund transfers will take place within 3-5 banking days. There is also a 30 EUR withdrawal fee for each request.

Demo accounts are available free of charge and demo traders can, too, access the full range of EXANTE’s offerings of 600,000 financial instruments. However, rates are delayed by 30 minutes or more. Demo traders receive 1,000,000 EUR in virtual money, and this amount can be reset upon request through getting in touch with the EXANTE customer support team. Demo traders can practise trading with no risk, meaning they will neither make a profit nor incur a loss from the trades they make.

Proprietary trading platform

EXANTE has its own proprietary trading platform developed in-house. The EXANTE trading platform is supported on mobile, tablet, and desktop, through the app or in browser. The platform is compatible with iOS and Android on mobile, and it also functions well on Linux, macOS, or through a Windows terminal on desktop. The platform offers direct access to EXANTE’s whole product catalogue across global markets, and the platform’s network of 1,100+ servers create an efficient trade execution process with minimal slippage.

Conclusion

Based on our findings, we can conclude EXANTE is a safe and reliable broker that offers competitive trading conditions and a superior environment. There is a high minimum deposit requirement for live accounts, but the 600,000+ financial instruments allow traders to allocate their funds precisely how they wish. This is a great way for traders to diversify their portfolios, while making full use of their funds.