Choosing a broker that suits your investment needs is hugely important, because your choice of broker can have an impact on your overall trading experience and the success of your investments. Before working with a broker, you should understand your own investment goals, the asset classes you are interested in and know enough about, your risk tolerance, your preferred trading technology, and your expectations of customer service. By knowing what you are looking for, you can increase the chances of you finding what you want.

In this EXANTE broker review, we will cover the following:

• What is EXANTE?
• EXANTE pros and cons
• Industry awards
• Trading instruments
• Account types
• Fees and spreads
• Deposits and withdrawals
• Trading platform

If you are eager to learn more about the broker to see if their offerings and services match your investment goals, continue reading.

What is EXANTE?

EXANTE is a global investment company that facilitates CFD and FX spot trades, and it was founded in 2011 in Malta by Gatis Eglitis, Alexey Kirienko, and Anatoly Knyazev. Starting out as a Maltese broker for local clients, it was the first one in the country to offer Maltese traders direct access to global markets, breaking new ground for many traders then. The firm has grown rapidly since then. Today, it remains headquartered in Malta, but it also has offices in Hong Kong, Cyprus, and the United Kingdom. It is regulated by the MFSA, the SFC, the CySEC, and the FCA, and it complies with European Union financial and data protection frameworks and laws such as the MiFID-2 and the GDPR.

EXANTE pros and cons

EXANTE has plenty of pros and we will discuss them below:

• Well-regulated broker that has strong backing and over $2 billion in total AUM
• Caters to traders of all skill and experience levels
• Reliable and trustworthy operation that has been globally recognised and awarded
• Impressive range of financial instruments (over 600,000)
• Excellent in-house technology with a customisable and comprehensive bespoke platform

Nevertheless, the broker has some limitations. However, they can easily be mitigated, depending on your trading expectations and needs.

• Commissions and other charges (overnight financing) may vary according to your account tier, the financial instrument traded, and the size of the trade
• Relatively high minimum deposit requirement of 10,000 GBP / EUR

Industry awards

EXANTE has won plenty of industry awards, and it is a globally recognised institution. In recent years, it has won the title of Product of Service of the Year for the second year in a row in the 2023 Diversity in Finance Awards, organised by the Financial Times. The same year, EXANTE has also been named Best Trading and Investment Solution Provider in the UK and Fastest Growing Multi-Asset Broker in the UK by Gazet International Magazine, which is one of the leading international business magazines globally.

Trading instruments

EXANTE offers a large array of over 600,000 trading instruments, ranging from forex pairs, stocks and ETFs, bonds, metals, and derivative products such as options and futures. For those who are looking to build a diversified and balanced portfolio, EXANTE can be a great and worthy option. EXANTE’s official website states that the broker continues to promote growth and expansion, and their commitment to customer satisfaction is proven through their willingness to add new instruments requested by their clients within 24 hours if the request is within reason.

Account types

The broker offers live accounts with a minimum deposit requirement of 10,000 EUR / GBP. This may be a high number, but its diverse market access makes it a good trade-off. Their live account provides clients with direct market access to over 50 global markets including the most popular ones around the world, like the NYSE, the LSE, the ASX, and HKEX. There is also the opportunity to go long or short with derivatives, and use options and futures to speculate on and hedge positions. For those who are looking to create a live account, they can do so through a straightforward identity verification process, and they will be assigned a dedicated customer support team member who can assist them through set-up. Market data is 100% live.

At EXANTE, demo accounts are also available, and paper traders can practise trading with 1,000,000 EUR of virtual funds. This amount can be reset upon request, and traders can trade with a 30-minute delay of market data with no risk of losses. There is no need to deposit funds for a demo account, and traders registered with EXANTE can begin paper trading.

Fees and spreads

EXANTE offers competitive spreads on all their instruments. Their forex spreads begin at 0.3, metals from 3 USD, stocks and ETFs from 0.02 USD, options and futures from 1.5 USD, and bonds start at a rate of 9bps. There are fees charged to finance overnight positions for those going short on any instrument or those trading forex. There are also safeguarding and market entry and exit fees for cryptocurrency funds. Inactive accounts (individual live accounts that have not placed a trade in the past six months, do not have positions open, and have an account balance of under 5,000 EUR) will also be subject to a 50 EUR deduction fee each month that there is no activity.

Deposits and withdrawals

Deposits and withdrawals can be made easily through bank transfer. EXANTE is a multi-currency and multi-asset broker that offers accounts catering to a global audience. Deposits therefore can be made in GBP, EUR, or USD, as long as it matches the minimum deposit requirement of 10,000 EUR / GBP or the USD equivalent. When the account is funded, traders can store their funds in any of these supported currencies: EUR, USD, GBP, CHF, JPY, AUD, BND, CAD, CNY, DKK, HKD, NOK, SEK, THB, SGD, and ZAR.

A withdrawal fee of 30 EUR / GBP is charged per withdrawal request, which tends to be processed within one day, with fund transfer completed within 3-5 banking days.

Trading platform

Finally, it is worth mentioning that EXANTE has its proprietary trading platform that has a network of over 1,100 servers to facilitate smooth trading with low latency and minimal slippage. The broker has a comprehensive set of chart indicators and tools, as well as a selection of modules that allow traders to view their margin utilisation, order and trade history, and more. The broker also has a bond screener tool that allows bond investors to more easily find the best instrument for them. For more advanced investors, the EXANTE HTTP API can be a good way for them to build their own trading apps to be integrated into their platforms on their phone or on desktop.

Conclusion

All in all, EXANTE is a worthy broker that certainly has more advantages than it has limitations. If you are looking for a broker that has a wide range of instruments and is flexible in funding and fund safekeeping, look no further. EXANTE is well-regulated in the regions it operates, and its focus on technology and innovation means that they are ever-expanding and growing. This entrepreneurial spirit is a great asset for any adventurous traders that want to make the most of their portfolios.