EXANTE BROKER rEVIEW
Exante is one of the largest European brokers, which opens to its clients access to different financial markets from a common, universal account: world stock exchanges or Forex. It has been presented since 2011 and is positioned as a prime broker.
RATING
The following indicators are used to analyze the broker and the services offered.
Reliability 5/5
Trading instruments 5/5
Convenience of the trading platform 3/5
Technical support 5/5
Convenience of withdrawal 4/5
Cost of services 5/5
Overall score 3.5/5.
Broker Exante is a prime investment broker with licenses from reputable regulators of financial markets, by the level of the provided services the size of the initial capital (for real trading the trader needs to deposit on the account from 10000 EUR). The company provides access to more than 50 stock exchanges all over the world. This allows the investor to work with assets of such reliable companies and countries as Hong Kong or Singapore. Or with the traditional and most well-known stock exchanges in London or America. Only one platform is offered for trading - Exante's own development, which has both advantages and disadvantages in comparison with classical trading interfaces used by traders all over the world.
Financial instruments
Markets
One of the important criteria for choosing a broker, through which a trader can earn is considered a set of financial instruments. Their quantity and variety depends on stock exchanges, to which the brokerage company has access. Exante cooperates with 50 stock exchanges all over the world and offers the choice of investing into wide and various range of securities. One account for working with any kind of instrument: stock markets of the world or the foreign exchange market Forex, everything is available for the client.
Stocks and ETFs
Stocks are one of the most popular financial instruments offered by any decent broker. Here are the securities quoted on the most famous exchanges of the world - NYSE NASDAQ, the largest stock exchanges of Europe. Or, you can choose to deal with exotic exchanges such as the Hong Kong or Tokyo stock exchanges. Buy several lots of the same company or buy shares of ETF - a fund consisting of shares of different companies so that you do not have to buy them separately.
Currency pairs
One of the features of Exante single account is possibility of simultaneous trading of exchange and non-exchange instruments. The latter includes international currency market Forex. The investment company offers trading with 50 currency pairs. For portfolio diversification or short-term speculation during important news releases.
Futures
The investment company offers its clients access to trading more than 500 varieties of futures. The trader can choose in which market: LIFFE ICE - London International Financial Futures and Options Exchange or SGX - Singapore Stock Exchange will work with derivatives. And with contracts for what commodities: from raw materials to bonds.
Options
As Exante cooperates with many international markets on different continents, it can offer investors to trade options contracts on different platforms and with different commodities. Chicago options exchange - CBOE, New York commodity exchange NYMEX or ICE (LIFFE) are open to every trader working with the most volatile exchange instrument.
Funds
Investing from a single account in the largest hedge funds.
Bonds
Exante offers trading of one of the most low-risk instruments in different markets. Thus, customers can choose private or government bonds of different countries for proper portfolio diversification and stable coupon income.
History
Exante has been offering its customers securities investment services since its foundation in 2011. The company was founded by professional market participants and its formation began with the release of a trading application, which later became the only service for trading operations of customers.
The brand has quickly grown into a large and strong broker that provides a wide range of trading and exchange tools for successful investing or trading. Exante is one of the few brokers in Europe providing the largest set of markets available for trading. The main stages in the development of the company are as follows:
Licenses and awards
A reliable broker, who can be trusted with money, should have licenses of controlling bodies and awards confirming their ratings and status.
Exante licenses
Awards
Exante regularly receives prestigious industry awards from renowned rating agencies or publications. Important recognitions in the field include the following:
The victories in the nominations, where the main rivals are the other largest brokerage companies in the world, prove the serious attitude of Exante to its activity and clients.
Trading platform
In order to execute trades on securities or currency, you need a trading terminal, through which the client transmits orders for transactions to the broker. Exante has completely improved the trading platform and offers only its own application. The trading service is available in three variations: web version, for desktop computer or mobile application.
Desktop application.
Although you can trade through the application, the platform has more features and possibilities for full-fledged analysis of trading chart and position opening on the desktop.
Advantages of the application
The disadvantages of the service
Mobile App
Available for all types of smartphones.
Benefits of the app:
Minuses of the mobile app:
Exante broker commission
The investment company has set simple and transparent terms for fees. The fees do not depend on the type of market in which transactions are made, but on the type of asset for which the transaction is made and the volume of the contract to be opened.
Type of operation | Terms of Service |
account opening | no fee |
account replenishment | no fee |
account withdrawal | 30 EUR (irrespective of the amount) |
account management | no fee |
margin trading | no fee (if below 100%) |
bond holding | 0.3% per annum |
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inactive account fee | 50 EUR per month |
commerce equities and ETFs | from 0,02 USD |
Forex currency pairs | spread from 0.3 |
Metals | from 3 |
futures | from 1.5 |
Options | from 1.5 |
funds | 0,5% |
bonds | from 9 bps (basis points) |
Commissions indicated as a percentage are deducted from turnover, fixed fees in dollars are paid per open contract.
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Deposit and withdrawal
Despite the fact that Exante offers forex trading, unlike other forex brokers the options for depositing or withdrawing funds are limited.
For deposits and withdrawals Exante offers only a bank transfer by card or account which is considered the safest way of money transactions. This method is also fully compliant with and supports KYC (know you client) policy that all financial companies must comply with if they are operating in accordance with the law.
Important. Account replenishment is performed without charging any fees from the broker's side. The period of depositing depends on the issuing bank and may take up to 1-5 days. Withdrawal of funds from the account is carried out with a fixed fee of $30.
Technical support
One of the criteria of choosing a broker is high-quality customer support from company's specialists. Especially when the broker asks for rather high initial capital, like Exante. The main advantages of the company's technical service:
The company appreciates each client. Even after opening a training account, without depositing real money, the manager of the company will contact and provide the necessary advice on any issue.
Conclusion
Exante - broker with a personal approach to clients, offering trading on exotic stock exchanges.
Broker Exante does not chase a big flow of clients, as for example InteractiveBrokers, and offers individual cooperation conditions both for individual investors and for corporate clients. Sufficiently high for private traders or beginners start-up deposit excludes a part of users and brings to the company those who like attentive attitude. The company's brokerage service of open transactions or account transactions is also low.
The main disadvantages of the company are considered to be: high initial capital and lack of choice in trading platforms. If these disadvantages are not central to choosing a trading partner, the company may be considered for stock markets. In particular, as the broker itself notes, they are more suitable for long-term investors than intraday traders or scalping enthusiasts.
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