Our review of EXANTE – a legit broker? (2024)
EXANTE is an investment firm founded in 2011 by Alexey Kirienko, Anatoly Knyazev, and Gatis Eglitis. It is regulated in the UK by the FCA, Hong Kong by the SFC, Malta by the MFSA, and Cyprus in the CySEC. They currently have over 2 billion USD in total assets, and they serve professional institutional and advanced retail traders. Their main offerings include direct access to over 50 financial markets across Europe, Asia, and North America and their own trading platform – the EXANTE trading platform – that is compatible with plug-ins and can facilitate automated trading.
This is an updated review of the broker written in 2024. If you are looking for older reviews that provide a comprehensive scope of what it does and its offerings, you can read this review of EXANTE broker. Without further ado, let’s dive into the review.
Pros and cons at a glance
Right off the bat, working with EXANTE, we can tell the investment firm is dedicated to its ethos and vision of improving accessibility for traders. One of their beliefs and missions is to deliver effective and sophisticated trading solutions to help advanced traders execute their strategies effectively.
Pros
- A large offering of over a million tradable instruments across 50+ global financial markets for stocks, ETFs, forex, commodities, and options and futures
- Adherence to stringent regulatory requirements in four main regions: the UK, Hong Kong, Malta, and Cyprus
- Advanced trading tools that facilitate real-time information exchange and automated trading strategies
- Fast execution rates thanks to a network of over 1,000 servers to lower latency
- Dedicated customer support services that include resolving queries related to trading needs, account functions, and technical issues
Cons
- Professional traders only – due to their high account deposit minimum of 10,000 EUR, EXANTE may be out of reach for retail traders who wish to dabble in trading
- Complex platform and tools are the standard for the EXANTE trading platform, which are not suitable for beginners
What does EXANTE offer?
Products
EXANTE has diverse offerings for those who wish to make the most of diversifying their portfolio. These include 50+ major, minor, and exotic forex pairs, 24,000+ stocks and ETFs from global exchanges, commodities including precious metals like gold, silver, platinum, and palladium, corporate and government bonds across the world, more than 600,000 options, and direct access to over 30 futures exchanges.
Accounts
Geared towards professional traders, EXANTE offers individual accounts with access to over a million instruments for a minimum deposit of 10,000 EUR. This is a high threshold for retail traders looking to trade casually, and it may not be suitable for those who are new to trading due to its complex functions and features.
For example, EXANTE accounts provide multi-currency trading, which allows traders to manage their funds in various currencies. A great diversification aid, but for new traders it may be overwhelming and difficult to keep track of. There is also dedicated account support for traders and investors who require help with technical issues or account and trading challenges.
Corporate accounts are also available for businesses and financial institutions who wish to structure and manage larger portfolios. The minimum deposit requirement is 50,000 EUR and corporate account holders can benefit from bulk trading capabilities and enhanced security protocols due to large fund amounts.
For those who are not ready to commit to EXANTE, the broker also offers a demo trading account that allows traders to familiarize themselves with the trading platform and environment. The demo account comes with virtual funds that allow traders to practice risk-free and there is full access to the markets – much like real accounts do. There is also no need for extensive documentation verification to open a demo account, lowering the barrier to entry significantly for experienced traders who are planning on switching brokers to try something new.
Platform
EXANTE has its own proprietary trading platform that traders can access once they have signed up and verified their account. This platform is clearly made for advanced traders – facilitating fast execution of 10m/s on most trades, streamlined trade ordering, and strong security measures. There is also the ability to add plug-ins and APIs so that traders can automate their trades within their predefined parameters.
The trading platform is available through any web terminal, and it can be accessed as a desktop app on both iOS and Android interfaces. There is also an app that can be downloaded through the Google Play Store or the App Store.
Is EXANTE a legit broker?
As of 2024, EXANTE has won several awards for its innovation and commitment to providing a sophisticated trading environment. These include being labelled Fastest Growing Multi-Asset Broker and Best Trading and Investment Solution Provider in the UK by Gazet International Magazine in 2023. As it is labelled as a professional trading platform made for professionals, with total assets of up to 2 billion USD and regulated by major organizations including the FCA and the SFC, it is safe to say that EXANTE is a legit and trustworthy broker.