Exante was founded in 2011, is located in Malta and is a next-generation broker that aims at providing its customers with a variety of financing markets from hedge to stock funds. They offer a wide range of markets that no other broker has been able to compete with. Exante is regulated by the Malta Financial Services Authority (MFSA), and you as the investor have been offered a highest legal security level. The protection comes from the Market in Financial Instruments Directive (MiFID).
Trading Platforms
The trading platform is developed by Exante without relying on a third party. It has developed in-house that offers a unique trading platform where you as a trader has access to all types of markets. This is done through a Multifunctional Automated Trading Platform (ATP).
Kind of Trading Offered
Exante offers direct access to higher than twenty-five exchanges worldwide and mainly focuses on stocks trading. This broker also offers precious metals, bonds, options, ETFs, stocks, and more than twenty currencies in its Multifunctional ATP.
Types of Accounts Available
Trading in Exante is carried out via a single account. The trading account supports currencies such as USD, EUR, CHF, JPY, and GBP.
Deposits and Withdrawals
The account requires very little deposit of 10,000 EUR. On the other hand, Exante doesn’t limit the amount you can withdraw from the account. However, you are charged a fixed fee of 30 EUR/USD/GBP per withdrawal, but this also depends on the withdrawal currency.
Spreads
GBP/USD: 0.1 pips; EUR/USD: 0.1 pips; USD/JPY: 0.1 pips.
Leverage
It offers Leverage of up to 1:50.
Commission
Futures: 1.7 EUR.
Forex: 0.005%.
Options: $1.50 per Trade.
Stocks: $0.02 per share maximum.
Customer Support
Exante offers support in Chinese, Maltese, Russian, Lithuanian, English, and German. As a trader, you can reach its support’s team via an email or telephone number which operates round the clock.
Pros
• Caring customer support – The customer support runs through 24/7.
• MiFID complaint – This is legal protection offered to customers.
• Unique ATP – The ATP features enables the traders to access all types of markets.
• Variety of products offerings – Products such as
• Accurate and fast order delivery
• Less transactional cost 0f 30 USD/EUR/GBP
Cons
• High minimum deposit of 10.000 EUR
• U.S traders are not accepted
Conclusion
Exante is a great investing platform for those investors with capital to spare since they are provided with an overall great package. Their multiproduct approach makes Exante unique in the market. In addition, their low commissions and spreads are favourable and especially for high volume traders. However, their only complaint is a high deposit fee of 10,000 EUR, and this could be a strategy they use to exclude retail traders from joining. Maybe their objective is to focus on high-value clients only.