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Trading with EXANTE: Ultimate Review

EXANTE is a global broker offering a comprehensive trading platform to both individual and corporate investors. Streamlined operations, rich functionality, and regulatory compliance make this broker one of the most popular customer choices in the market today. The quality of EXANTE’s services has also been recognized by prominent organizations, including Gazet International, Wealth & Finance, and European Business Magazine.

What do you need to know about trading with EXANTE? In this article, you will get a comprehensive review of all crucial aspects of partnering with this broker.

Is It Safe to Use EXANTE?

First of all, let us determine whether using EXANTE is safe for trading.

EXANTE is licensed by governmental agencies in four countries: the United Kingdom (FCA), Cyprus (CySEC), Malta (MFSA), and Hong Kong (SFC). Additionally, to acquire licenses from Malta and Cyprus, the countries located in the European Union, EXANTE had to meet the industry requirements outlined in the EU MiFID II directive, which regulates markets in financial instruments.

The security and trustworthiness of this broker have been recognized not only by regulatory institutions but also by other market leaders, including Wealth & Finance International and Gazet International, which had granted 13 awards to EXANTE by the time of publication.

Licenses issued by reputable governmental organizations and prominent awards are solid proof of the trustworthiness of this broker.

EXANTE’s Trading Offer

EXANTE aims to be a comprehensive trading solution, connecting customers to more than 50 markets worldwide. This includes prominent exchanges such as the Canadian TMX, Australian ASX, US-based NASDAQ, European EURONEXT, and Japanese OE, among others.

Among the financial products you can use for trading are commodities such as metals, bonds, funds, stocks, ETFs, futures, options, and over 50 currency pairs. In total, EXANTE offers more than 1 million products available for trading.

EXANTE’s Products

While EXANTE is widely known for its trading platform, it is only one of the solutions offered by this broker.

Automated Trading API

There is also an API for automated trading based on the industry-standard FIX 4.4 protocol provided by the development team behind EXANTE. With this bridge, traders looking for advanced trading solutions can automate the retrieval of normalized data from exchanges and execute orders.

This solution is integrated with the EXANTE trading platform interface, providing a user-friendly visualization of your account activity. Additionally, you can leverage API requests to utilize the bridge with other trading tools.

HTTP API

With its combination of HTTP REST and HTTP streaming APIs, EXANTE also supports the development of custom financial tools of varying complexity, including software for market analysis and wholesale trading.

The primary function of the HTTP API by EXANTE is robust data provision, which is critical for financial applications aiming to simplify decision-making and improve its effectiveness.

Platform Compatibility

The EXANTE developers have ensured the platform is compatible with the most popular operating systems. You can download standalone EXANTE applications optimized for macOS, Windows, and Linux, as well as the top mobile operating systems, iOS, and Android.

Additionally, regardless of the operating system you are using, you can access the web version of EXANTE directly through your browser, which does not require software installation.

Types of Accounts

EXANTE provides its users with three types of accounts. Two of them, individual and corporate representative accounts, are categorized as Live, as they allow traders to invest real money. The third account, which does not differentiate between individual and corporate users, has a demo mode that allows users to trade with virtual funds.

To create and verify a Live account on the EXANTE platform, a trader must submit several documents.

For individual traders, this includes proof of identity and proof of residence. The creation of corporate accounts requires incorporation documents, proof of office registration and active status of the company, as well as documents related to directors and shareholders.

Platform Fees

As with other brokers, some activities related to using EXANTE are subject to fees.

First and foremost, the platform does not charge any fees on deposits and margin trading as long as margin utilization is kept below 100%.

The standard withdrawal fee at EXANTE is 30 EUR/GBP or 0.9% per transaction, whichever is higher.

The regular fee for shorting stocks at EXANTE is approximately 12% of the transaction value, but it can vary depending on the current market situation.

EXANTE also allows its customers to opt for manual trade execution by placing orders via email or phone for instruments provided by the online platform. This service costs 90 EUR/GBP.

Custodial Fees and Interest Fees

EXANTE applies a 0.3% annual fee to bonds. For holding negative positions in cash, platform users also have to pay an interest fee.

Note that there are also overnight fees for FX and short trades, as well as fees for trades imposed by the issuing exchange.

Inactivity Fee at EXANTE

Note that being a user of EXANTE can incur an inactivity fee if you meet the following criteria:

  • Your account has a positive balance below EUR 5,000;
  • You have no open positions;
  • You have no active orders;
  • You have not traded for the past 90 days.

In this case, an inactivity fee of 50 EUR/GBP per month will be charged after the end of a 90-day period following the last trade transaction day.

Final Thoughts

EXANTE offers an impressive selection of trading instruments and products, as well as three solutions to elevate your trading and help you develop your own powerful trading applications. The Demo version of the platform, which offers trading for free using virtual funds provided by EXANTE, is a safe place to start trading without risking your money.