If you are a professional trader looking to trade with Exante, an EU-investment firm, you can find some of the most common questions about the broker answered here. This article includes information on the instruments offered by the broker, its regulations and licensing, whether it offers a demo account, and its terms and fees. It will also include information on fund deposit and withdrawal, such as the currencies available for traders to trade with.
Background on Exante
Exanteis a global brokerage firm that offers online trading services for over 600,000 instruments in more than 50 markets globally. The company was founded in 2011 by a group of professionals with extensive experience in the financial industry – Anatoly Knyazev, Alexey Kirienko, and GatisEglitis. With its headquarters in Malta, Exante has since expanded its presence to several other countries and regions, including the UK, Cyprus, and Hong Kong.Exante provides its clients with a comprehensive Web Trading Platform. Traders can also trade while on the go on any device with their app.
What instruments are offered at Exante?
Exante provides professional traders access to hundreds and thousands of instruments across the stocks, bonds, funds, forex, commodities, and indices markets. Some examples of stock exchanges include the Australian Securities Exchange, the Euronext Paris, Ireland, Lisbon, Brussels, and Amsterdam, the Hong Kong Stock Exchange, the NASDAQ, the New York Stock Exchange, and the London Stock Exchange. This list is not exhaustive.
The broker also offers derivative trading, and traders can participate in options trading, futures trading, and more, on global exchanges across North America, Europe, and Asia.These include, but are not limited to, the Chicago Mercantile Exchange, the Eurex Exchange, the Hong Kong Exchange, the Tokyo Commodity Exchange, the Singapore Exchange, and the New York Mercantile Exchange.
Is Exante regulated?
One of the most important things a trader can do when reviewing a broker is to check their licensing and regulation. Exante is regulated in the regions in which they operate, which should give all their traders peace of mind when it comes to storing their funds and trading with this firm.
In the UK, they are authorised and regulated by the Financial Conduct Authority. In Cyprus, they are licensed by the Cyprus Securities and Exchange Commission, and as an EU-based investment firm, they are also subject to MiFID II requirements. In Hong Kong, Exante is licensed by the city’s Securities and Futures Commission under the Securities and Futures Ordinance.
Does Exante offer a demo account?
Yes, Exante offers demo accounts for all users who would like to test out their trading platform and services without having to commit any funds. Their demo account is nearly identical to the live version, and it has the same settings and instruments. However, it does not expiry dates for contracts placed, and market data may experience a slight lag in display.
Investors who use Exante’s demo account receives 1 million virtual Euros at their disposal to begin paper trading. They can also reset the settings of the trading terminal and their trading account, and their deposit size becomes 1 million again. To access Exante’s demo account, traders should download the trading platform version they wish to use (web/mobile) and switch to demo mode to get access.
Exante’s terms and fees
All Exante’s traders face a transparent fee structure set out by the firm, which has an emphasis on transparency and improving financial literacy within the industry. Exante charges commissions solely for executed trades. These commissions include clearing, execution, and exchange fees. There are also overnight fees that are not fixed, and traders will be charged on FX and short positions.
There are no additional application or usage fees, and there is no minimum transaction fee. There are also no undisclosed fees that Exante charges, so traders can go ahead and trade with peace of mind. However, there is a minimum deposit requirement that all users must meet when they open a live account with Exante. They can find more information about this on the firm’s official website.
Fund depositing and withdrawal
Finally, Exante offers a wide range of options for traders looking to deposit their funds into their account. They can choose from any of the 10 available currencies: Euros, Roubles, American, Australian, New Zealand, and Canadian dollars, the Swiss franc, the Japanese yen, the Pound sterling, and the Polish zloty.
Deposits and withdrawals can be done through wire transfer. There may be a waiting period when it comes to withdrawals, but requests are usually processed within one business day. Exante does not charge additional fees, but banks may apply additional charges depending on which one you work with.
Final reminder for traders
Above is a thorough explanation of Exante. If you would like to start trading with the platform, you can do so by visiting their website and starting a demo or live account. If you are unsure about any of the services and functionalities described in this article, it is encouraged that you do more independent research on the firm’s official website. You can also contact Exante’s customer support team if you have specific questions in mind.
Finally, remember that there are no guarantees of profits in trading. Regardless of how convenient and comprehensive a platform may be, you should always use your own judgement and never risk more funds than you can afford to lose.