An overview of EXANTE

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An overview of EXANTE

Choosing the correct broker that suits your investment style is essential for any trader. Before deciding to participate in the financial markets, a trader must not only find a broker that offers the right products, account conditions, and fee structuresbut also one that provides an intuitive and suitable trading platform. The type of broker you work with can have a tremendous impact on the quality of your trading experience, and potentially increase or decrease your chances of finding success in the financial markets.

In this updated 2023 review, we aim to look at EXANTE Sec. We take a look at its background, account types, and the functions and features of its trading platforms. If you are looking to open a trading account to start participating in the financial markets, then this review is right for you.

EXANTE’s background

EXANTE is a global investment company that provides direct market access to over 600,000 financial instruments from more than 50 markets worldwide. Servicing over 100 countries, the broker has offices around the world and is licensed in major trading regions. These include being licensed by the FCA in the UK, the CySEC in Cyprus, the MFSA in Malta, and SFC in Hong Kong. As EXANTE operates in the EU, it is also subject to the MiFID II framework that regulated financial activity through the EU, with the aim of protecting traders and investors. EXANTE is also regularly audited by a Big Four company.

EXANTE’s founders – Alexey Kirienko, Anatoliy Knyazev, and GatisEglitis, established the brokerage firm as a way to increase the accessibility of financial information among traders and investors. There is an emphasis on technology and openness in the company’s vision, which EXANTE fulfils.

Account types

For traders who are eager to register and open a trading account with EXANTE, the broker offers a few different account types for clients to play around with.

Live trading accounts

There are two different live account types that EXANTE provides to traders. The first is the individual account type. Holders of this account should have an initial funding of 10,000 EUR/GBP or its currency equivalent. They are also required to provide proof of identity (such as a passport or government-issued identity card) and proof of residence (such as a utility bill or Certificate of Good Conduct) to be able to open an individual trading account. Do note traders must provide two different documents – one document cannot confirm both requirements.

The second is a corporate account. The minimum initial funding for this account is 50,000 EUR/GBP and traders need to provide a lot more documentation. These include proof of registration, incorporation documents, registered office, power of attorney, Taxi Identification Number (TIN), Corporate Document Certification, and more. The Onboarding department may also request additional documents.

Additionally, joint accounts are available for clients who wish to oversee multiple individual accounts, so long as they pass a compliance test and meet the requirements for individual accounts. This account type creates a whole new set of opportunities for account managers, with a maximum of four individual clients being allowed to participate in a single joint account.

Demo accounts

Users also have the option of using EXANTE’s demo account. This account is automatically given once a user registers an account with the broker – no extra documentation is needed. The demo account provides virtual funds of 1,000,000 EUR as a default, though the currency can be adjusted upon request. This is great for traders to practice their trading skills and hone their strategies before committing to participating in the financial markets with their real money on the line. That said, market data in the demo account is delayed by at least 30 minutes due to the simulated trading environment.

Restrictions on opening an account

EXANTE is a global investment company that prides itself on working with a wide range of clients from all over the world. That said, there are a few restrictions issued by the broker concerning account registration.

Currently, EXANTE does not work with clients from the US (citizens and residents), Japan, Iran, the Democratic People’s Republic of Korea (DPRK), Belarus, and Russia. 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.

EXANTE’s trading platform

The brokerage firm is focused on promoting financial transparency, which EXANTE backs up with its intuitive trading platform. The EXANTE trading platform offers direct access to all financial markets and instruments on offer from a single multi-currency account. The platform is available on both desktop and mobile, and EXANTE provides a network of over 1,100 servers around the world working together to ensure low latency and the safe transfer of data.

Features and functions

The EXANTE platform offers traders a comprehensive trading experience, with full features and functions in all its versions, including:

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

Traders can also use EXANTE’s trading platform on multiple devices simultaneously. This means traders can run the platform on their desktops while managing their orders on their smartphones at the same time. Traders can also use two opened desktop platforms on a single device by using separate directories for both. However, EXANTE does caution users against doing so – especially for computers with low capacities – as this may slow down the working speed of the device.

Bottom line

Overall, choosing the right broker is vital for traders starting their trading journey. EXANTE is a reliable and reputable broker that is regulated and licensed globally, meaning traders can rest knowing their funds are secure and protected.

As such, along with an impressive range of financial instruments on offer, EXANTE’s clients are sure to enjoy a comprehensive and smooth trading experience no matter their experience and skill level. So, for traders looking for a smooth trading experience, EXANTE is a broker worthy of consideration.

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