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EXANTE Broker Review

Updated: Jun 17


Broker Overview


We conclude our review by evaluating the service provided by EXANTE broker on several criteria using a five-point evaluation scale.

Feature

Rating

Security

5

Comfortability of the platform

4

The range of financial the choice of financial instruments

5

Support

4

Commissions

4

TOTAL EVALUATION

4.5

From the information gathered, it is possible to claim that Exante is a sophisticated European broker, with strong attention to the security of their clients' funds. The company provides access to the broadest range of stock exchanges and financial instruments. Additional advantages of EXANTE broker - convenient modern terminal, high level of support service, and low commissions.



History of EXANTE


Main milestones and achievements in the history of EXANTE:

  • Founders of EXANTE are Anatoly Knyazev and Alex Kirienko.

  • The executive director is Getis Eglitis.

  • In 2011, the first brokerage company of EXANTE Group, XNT Ltd, was established in Malta which received a brokerage license from the Maltese Financial Supervision Authority.

  • In 2012, the second company of the EXANTE Group, EXT Ltd of Cyprus, obtained its brokerage license. It was granted by the Cyprus Securities and Exchange Commission (CySEC).

  • In 2019, The Hong Kong-based EXANTE Group company, XHK Ltd, began operations, licensed by the Hong Kong Securities and Futures Commission (SFC).

EXANTE has won numerous industry awards over its history. Its latest awards are Blockchain Awards (2018), Best Trading Platform from Global Banking and Finance Review (2019), The Investment Award (2020), Digital Investment Company (2020), Investment Innovations Awards from media portal iHODL (2020), Diversity in Finance from Financial Adviser (2020).



Products


EXT Ltd is a European investment company that brokers financial markets under the EXANTE brand. EXANTE broker's product line includes not only exchange-traded but also OTC financial instruments and even cryptocurrencies.



Exchange-traded financial instruments


EXANTE clients can access 50 of the largest financial markets on the planet, all from a single multi-currency account. As a result, EXANTE's clients have access to transactions in all the classic exchange-traded instruments - stocks of public companies and exchange-traded funds (ETFs), bonds, futures, and options.


OTC financial instruments

Along with access to exchange floors, EXANTE also allows trading in over-the-counter instruments from the same single brokerage account. Majority of OTC deals concern Forex as well as various metals. Clients of the company have access to more than 50 different currency pairs. Also, at the EXANTE trading platform, there is an opportunity to make transactions with off-exchange currency derivatives - forwards and swaps on 50 currency pairs.


Cryptocurrencies


Cryptocurrencies trading is available on the single multicurrency account in the EXANTE terminal. A total of 23 cryptocurrency instruments are available to traders, including 21 currencies paired with the US dollar - Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Ripple (XRP), Litecoin (LTC), Binance Coin (BNB), Dash (DASH), Decred (DCR), EOS (EOS), IOTA (IOTA), Maker (MKR), NEO (NEO), OmiseGo (OMG), QTUM (QTUM), Amoveo (VEO), Stellar (XLM), Monero (XMR), ZCash (ZEC), 0x (ZRX), Basic Attention Token (BAT), and two indices, DeFi coin index (DEFIX) and Altcoin Index (XAI).



Business solutions


The clients of EXANTE brokers are not only private investors. The company offers business solutions assisting banks and other financial companies in establishing a brokerage business. EXANTE offers its partners various sub-brokerage schemes of cooperation following the White Label model. As a result, EXANTE partners can build a new business in just a few weeks and offer their clients their own branded and customized version of the EXANTE platform.


Trading platform


EXANTE has developed its proprietary trading terminal that can be accessed in three different forms: desktop version, browser-based web terminal, and mobile application.

The desktop version of the EXANTE terminal is available for all of the major operating systems: Windows, macOS, and Linux.


The main advantages of the EXANTE trading platform are:

  • Intuitive interface.

  • Platform available in 10 languages: German, English, Spanish, French, Italian, Polish, Thai, Traditional Chinese, Simplified Chinese.

  • Access more than 400'000 instruments and 50 different markets from a single multi-currency account.

  • Use the drag-n-drop function to completely customize the interface according to your liking.

  • Special modules for the analysis of individual markets: options board, bond search module.

  • API connectivity for creating custom programs for trading and market analysis, including algorithmic trading with the help of automated trading systems.

The disadvantages of the EXANTE terminal are:

  • Only 29 indicators available to examine the chart. In contrast, the standard MetaTrader 5 terminal pack offers 38 indicators.

  • No possibility to add to the terminal's new in-house or third-party indicators.


Clients can access all of their instruments and the vast offer of Exante also through their fingertips on their smartphones, via iOS and Android app markets. Similarly to the desktop version, the mobile platform allows accessing all of the instruments from a single multi-currency account.


The advantages of the EXANTE mobile application are:

  • Intuitive design

  • 7 languages: English, Spanish, German, Italian, Chinese, Polish.

  • High degree of personalization

  • 13 timeframes for the chart display.

This application has several drawbacks. The App:

  • No Depth of Market functionality;

  • Only five technical indicators are available for chart analysis;

  • No “chat with Customer Support” function.


Broker Guarantees


The Cypriot brokerage company EXT Ltd. (EXANTE) is subject to the supervision of ESMA, the European Union financial regulator, and CySEC. The company operates in compliance with EU Markets in Financial Instruments Directive (MiFID). Client funds deposited with EXANTE on the brokerage accounts in this company are insured by the Government Compensation Fund of the Republic of Cyprus up to €20,000. The company is licensed to provide financial services by CySEC.



Fee and Trading Terms


Accounts at EXANTE

Deposit of €10,000 minimum. Opening of the account within 1 day.


Brokerage commissions

EXANTE's brokerage commissions for transactions in the most popular financial instruments are shown in the following table.

The fees include order execution, exchange, and clearing fees.

Fill and Withdraw

You can only deposit and withdraw funds to your brokerage account by bank transfer. Withdrawals are available in 15 currencies: US Dollars, Euros, British Pounds, Japanese Yen, Swiss Francs, Canadian Dollars, Hong Kong Dollars, Australian Dollars, Singapore Dollars, Norwegian Krone, Swedish Krone, Czech Krone, Polish Zloty, Mexican Peso

The withdrawal fee is €30 or the equivalent in another currency. Withdrawal requests are processed within one day.


Demo account


You can try the platform and learn more of its functionality just by using the demo version of the platform. In order to do that, all you need is to register on exante.eu. Upon registration, your account will be funded with virtual one million EUR that you can use to practice trading and learn more about the interface.


Manager support service is available 24/7 via several communication channels: telephone, email, and online chat on exante.eu. Every customer is assigned a dedicated account manager.



Comparison with Competitors


In the following table, you can compare EXANTE Broker with its main competitors.

Instruments

Commission

Accounts on the US exchanges

$0.02

Accounts on the Hong Kong Exchange

0,08% of transaction volume + additional fees

London Stock Exchange

0.05% of transaction volume

Xetra Stock Exchange

0.05% of transaction volume

Gold and Silver

0.005% of trade volume

Futures and Options on US exchanges

$1.5


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