Exante offers its clients a single DMA/NDD account but can trade over 50 financial markets on its proprietary multi-product platform with leverage up to 1:50 and tight floating spreads.For those who don’t want to trade in bulk, there are no tradable micro lots and no swap-free (Islamic) accounts available to Exante clients. Read review of EXANTE here;
Exante is a Maltese broker founded in March 2011, offering trading in over 20 currency pairs, precious metals, options, bonds, stocks and ETFs through its proprietary multi-product platform. The broker is particularly focused on stock trading as it has access to more than 25 global exchanges including NYSE, NASDAQ, CME, LSE, LSE, Euronext , XETRA, MOEX, TOCOM, etc.
EXANTE Ltd., which trades in the name of EXANTE, holds a Type 2 Investment Services License issued by the Malta Financial Services Authority (MFSA) and qualifies as a fund manager. Fund managers are authorized to provide any investment services and hold or control clients’ funds or assets, but may not operate multilateral trading facilities or trade in their own accounts (or underwrite or place instruments on a firm commitment basis).
The MFSA is Malta’s sole financial services regulator and also manages the trade registry and functions as a listing authority.
In addition to the minimum capital requirement of EUR 730,000 that should be met on an ongoing basis, the licensee must have an on-site presence, implement appropriate internal controls for its day-to-day operations, maintain a risk management system and report regularly to the MFSA.
Regulated brokers must also comply with ESMA guidelines for selling complex products, which specifically mentions that online EXANATE is a complex product. Malta has been a member of the European Union since 1 May 2004. Therefore, any MFSA regulated investment firm is also MiFID compliant and therefore entitled to provide cross-border services within the EU under the MiFID passport system.
Minimum deposit
To open an account with EXANTE, traders need to invest at least $10,000. For the foreign exchange market, this minimum initial amount is high. Other European brokers have lower requirements: for example, FCA-regulated HY Markets charges its clients a $50 start-up fee, while FXTM from Cyprus costs just $5.
Spread/Commission
The reviews of Exante broker – it is only account offers small variable spreads of 0.3 pips on average on EUR/USD, but also includes a commission of 0.5 pips per trade. So basically, the average transaction cost for an ECN account holder is about 1.3 pips, including commissions, which corresponds to the foreign exchange market.
In contrast, Cypriot broker FXTM charges $2 per lot and offers an average EUR/USD spread of just 0.5 pips on its ECN account (with an initial deposit of $500). For more information, you can view and compare real-time spreads from 15 leading brokers here.
Maximum leverage
The maximum leverage level offered by verdict Exante broker is 1:50, which is considered a low ratio, but the broker clearly caters to large investors who have free capital and reportedly do not need high levels of leverage. Nonetheless, if you need higher leverage, many EU brokers will offer it – for example, FXTM offers. Find a list of brokers offering leverage of 1:500 or higher here.
Trading platform
If you are looking for the famous MetaTrader 4 (MT4), you will not find it in Exante. Instead, brokers have developed their own versatile automated trading platforms (ATPs). It offers fast, stable, and reliable performance and integrates easily with great applications through its FIX tool.
You can trade stocks, indices, commodities, currencies, and even Bitcoin directly from your browser, desktop computer applications (Windows, Mac OS, or Linux based), and mobile applications for iOS and Android devices.
The platform offers a one-click trading module where bids or orders can be placed on instruments at market prices instantly. Real-time market depth is also provided.
Exante also provides API integration and support, as well as managing multi-product portfolios from a single trading account.
Deposit/Withdrawal
Unlike most brokers, Exante does not offer multiple deposit and withdrawal methods. Only use bank transfer.
