EXANTE Forex Broker

Exante Forex Broker - Complete Information Guide

1. Broker Overview

Exante, established in 2011, is a prominent investment services firm headquartered in Malta, with significant offices located in Limassol, Cyprus, and London, UK. The company operates under the trading name of XNT Ltd, which is a private entity focused on providing a wide range of financial services. Exante primarily targets professional and institutional clients, including banks, wealth managers, and other financial institutions, offering them direct access to global financial markets.

Since its inception, Exante has achieved significant milestones, including obtaining multiple regulatory licenses and expanding its product offerings to include over 600,000 financial instruments. The company has built a reputation for its innovative trading platform, which caters to the needs of sophisticated traders looking for advanced trading solutions.

Exante operates as a multi-asset broker, providing services in various markets such as forex, commodities, stocks, bonds, and more. Its business model emphasizes direct market access, allowing clients to execute trades efficiently across different asset classes. The focus on professional traders and high-net-worth individuals sets Exante apart in the competitive brokerage landscape.

2. Regulation and Compliance Information

Exante is regulated by multiple authorities, ensuring a high level of compliance and security for its clients. The key regulatory bodies overseeing Exante include:

• Cyprus Securities and Exchange Commission (CySEC): License No. 165/12
• Financial Conduct Authority (FCA), UK: License No. 789421
• Securities and Futures Commission (SFC), Hong Kong: License No. BNN 565
• Malta Financial Services Authority (MFSA): License No. IS/52182

These licenses allow Exante to operate across various jurisdictions, providing a robust framework for investor protection. The firm adheres to the Markets in Financial Instruments Directive II (MiFID II), which enhances investor protection and market transparency.

Client funds are held in segregated accounts, ensuring that they are kept separate from the company's operational funds. This policy minimizes the risk of loss in the event of financial difficulties faced by the brokerage. Exante also participates in the Investor Compensation Fund (ICF), providing additional security for clients' investments, with compensation coverage up to €20,000.

To comply with anti-money laundering (AML) and know your customer (KYC) regulations, Exante implements stringent verification processes for its clients, requiring them to provide identification and proof of residence before trading.

3. Trading Products and Services

Exante offers a diverse range of trading products, catering to the needs of its professional clientele. The key offerings include:

• Forex Trading: Over 50 currency pairs, including major, minor, and exotic pairs, are available for trading. Spreads start from 0.3 pips, providing competitive pricing for forex traders.
• CFDs: Exante allows trading in various categories of contracts for difference (CFDs), including indices, commodities, and stocks. However, cryptocurrency trading is not available.
• Stocks and ETFs: Clients have access to more than 24,000 individual stocks and a variety of ETFs from global markets.
• Bonds: Exante offers a selection of government and corporate bonds, enabling clients to diversify their portfolios with fixed-income instruments.
• Futures and Options: The platform provides access to over 500 futures contracts and 270,000 options, allowing traders to engage in various strategies across different asset classes.

Exante regularly updates its product offerings, ensuring that clients have access to the latest financial instruments. The broker's focus on professional trading services, including algorithmic trading and institutional client services, further enhances its appeal to serious investors.

4. Trading Platform and Technology

Exante operates a proprietary trading platform designed to meet the demands of professional traders. The platform is available on multiple devices, including web, desktop (Windows, macOS, Linux), and mobile (iOS and Android).

Key features of the Exante trading platform include:

• No MetaTrader Support: Exante does not support popular third-party platforms like MetaTrader 4 or 5, focusing instead on its proprietary solution.
• Web-Based Trading: The web platform allows for seamless trading without the need for software downloads, providing a user-friendly interface for managing portfolios and executing trades.
• Mobile Application: The mobile app offers similar functionalities to the desktop version, enabling traders to monitor their accounts and execute trades on the go.
• Execution Model: Exante employs a direct market access (DMA) model, ensuring fast and reliable trade execution. The firm operates a network of 1,100 servers globally to provide low latency and secure data transfers.
• API Access: The platform supports API integration, allowing algorithmic traders to utilize FIX and HTTP APIs for automated trading strategies.

This technological infrastructure positions Exante as a competitive player in the online trading space, catering to the needs of sophisticated traders looking for speed and efficiency.

5. Account Types and Trading Conditions

Exante offers several account types to accommodate various trading needs, with the primary accounts being:

• Individual Account: Requires a minimum deposit of €10,000. Spreads start from 0.3 pips, and there are no management fees.
• Corporate Account: Designed for institutional clients, requiring a minimum deposit of €50,000. Similar trading conditions apply as with individual accounts.
• Demo Account: Exante provides a demo account with a virtual balance of €1,000,000 for practice trading. This account allows traders to familiarize themselves with the platform without financial risk.

Leverage is available up to 1:50, which is relatively conservative compared to other brokers. The minimum trade size is 0.01 lots, allowing for flexible trading strategies. Exante also imposes overnight fees on positions held past the trading day, which vary depending on the asset class.

6. Fund Management

Exante supports limited deposit and withdrawal methods, primarily focusing on security and efficiency. The key features include:

• Deposit Methods: Exante accepts deposits via bank transfer only. Credit cards and e-wallets are not supported.
• Minimum Deposit Requirements: The minimum deposit for an individual account is €10,000, while corporate accounts require €50,000.
• Deposit Processing Time: Deposits typically take 1 to 5 business days to process.
• Withdrawal Methods: Withdrawals are also processed through bank transfers, with a €30 withdrawal fee applicable.
• Withdrawal Processing Time: Withdrawal requests are usually processed within 3 to 5 business days.

These policies reflect Exante's commitment to maintaining a secure and streamlined funding process for its clients.

7. Customer Support and Educational Resources

Exante prides itself on offering comprehensive customer support to its clients. The support channels include:

• Phone Support: Available 24/7, allowing clients to reach out for assistance at any time.
• Email Support: Clients can contact Exante via email for inquiries and support.
• Live Chat: While Exante does not currently offer live chat, clients can utilize the extensive FAQ section on the website for quick answers to common questions.
• Multilingual Support: Customer support is available in multiple languages, including English, Russian, German, and Spanish.

In addition to customer support, Exante provides educational resources such as market analysis, trading guides, and webinars to help traders enhance their skills and knowledge.

8. Regional Coverage and Restrictions

Exante operates globally, providing services to clients in various jurisdictions. However, there are certain restrictions:

• Primary Service Markets: Exante serves clients primarily in Europe, Asia, and the UK.
• Regional Offices: The company has established offices in key financial hubs, including London, Malta, Hong Kong, and Cyprus.
• Countries Not Accepted: Exante does not accept clients from the United States, Japan, Iran, and North Korea. Additional restrictions may apply based on local regulations.

This regional coverage allows Exante to cater to a diverse clientele while maintaining compliance with regulatory requirements.

In conclusion, Exante is a reputable broker that offers a wide range of financial services tailored to professional traders. With its robust regulatory framework, advanced trading platform, and extensive product offerings, Exante continues to be a strong player in the online trading industry, making it a suitable choice for experienced investors.