After its establishment in 2011, EXANTE managed to create an extensive fintech infrastructure based on 1,100 servers, a robust trading platform, and two APIs that can further enhance your investment experience.
The broker promises its commitment to regulatory compliance, transparency, and seamless trading execution. However, does the information EXANTE provides on its website match reality? Read this review to learn about the platform’s costs and key features in more detail.
EXANTE’s Legitimacy
EXANTE puts particular effort into adhering to regional and industry regulations to adopt best practices and standards, and providing its customers with a safe and efficient trading environment while securing its own legal operation in the market.
At press time, EXANTE was licensed by four governmental institutions in different countries:
- The Financial Conduct Authority (FCA) in the UK;
- Malta Financial Services Authority (MFSA);
- Cyprus Securities and Exchange Commission (CySEC);
- The Securities and Futures Commission of Hong Kong (SFC).
As a broker regulated by countries in the European Union, EXANTE is also subject to the regulations outlined in the EU directive on markets in financial instruments (MiFID II).
Functionality Provided by EXANTE
The core trading services offered by EXANTE are accessible through its platform, which can be installed for free on both PCs and mobile devices. This platform serves as a centralized hub for all your trading activities, allowing access to more than 50 exchanges around the world, including the Japanese TSE, Spanish BM, Italian MIL, US-based NASDAQ, Australian ASX, Canadian TMX, and many others.
Your EXANTE account will also give you the opportunity to trade a vast number of instruments such as futures, funds, bonds, stocks, ETFs, options, currencies, and metals.
As mentioned earlier, EXANTE relies on over a thousand servers located around the world. This infrastructure helps the broker ensure the stability and low latency of its platform, which results in an order execution time of just 10 milliseconds.
Lightning-fast trading supported by EXANTE can be further enhanced by integrating the platform with another solution provided by the broker – the FIX bridge.
This API has been specifically designed to enable algorithmic trading, which accelerates the process through automation, opening even more possibilities in the market.
Additionally, EXANTE offers a dedicated API based on HTTP REST and HTTP streaming APIs, which can empower financial apps with robust data collection, including account information regarding trades, orders, transactions, and summaries, as well as historical and live quotes.
How Much Does It Cost to Trade with EXANTE?
One of the major considerations many traders have is the expenses generated by the cooperation with a broker. Given EXANTE’s extensive functionality, a natural question is how much you have to pay for all these features.
Despite its popularity, EXANTE seems committed to making trading more affordable rather than capitalizing on investors.
First of all, the platform is free from the account management fees commonly charged by other brokers. It also does not require any fees for depositing funds. Additionally, the broker offers free margin trading as long as margin utilization is kept below 100%.
Secondly, EXANTE offers competitive withdrawal fees of 30 EUR/GBP or 0.9% of the transaction amount, whichever is higher.
It is crucial to emphasize that the broker has a reasonable inactive account policy. Like many other brokers, EXANTE does have an inactivity fee; however, it is easy to avoid being charged. The broker considers you inactive only if you do not engage in any trading activities through its platform for a substantial period equaling 90 days. Additionally, it is not the only condition for being regarded as inactive by EXANTE. The broker also assesses your account balance. If it has at least EUR 5,000, EXANTE will not charge you even if you have not traded for the past three months.
The inactivity fee itself is also competitive, amounting to 50 EUR/GBP per month, and it is charged to the user, not their subaccounts.
Setup Process
The process of software installation and setting up your account also matter for the overall trading experience.
EXANTE has taken necessary steps to simplify the app installation process. If your device meets the technical requirements, you can easily start trading.
To begin trading, you will first need an account. As a regulated broker, EXANTE must verify the accounts of its users, which requires providing documents proving your identity or the status of your company if you are a corporate representative. However, EXANTE allows its customers to use a free demo account, which does not require any documents or depositing funds.
This account can be created with a couple of clicks, granting you access to the platform’s functionality and a virtual fund of 1 million EUR.
Final Thoughts
EXANTE combines rich functionality catering to different types of traders with convenience and competitive fees that can help customers optimize their trading and make it more cost-effective. Meanwhile, the API for automated trading can elevate your experience, helping you realize your full trading potential.
