If you are a professional trader looking to work with a trading company, then look no further than Exante. They are an EU-based investment firm that is created by professionals, for professionals. That being said, it makes sense to thoroughly research the trading platform first before committing to it. As such, we have compiled some of the most common questions about the broker in this article. Here, this article includes information on what licenses Exante has, the differences between a live and demo account, what instruments are offered at Exante, and more. For those considering using Exante as a trading platform, be sure to read below.
What is Exante?
As stated above, Exante is a global EU-based investment firm that offers online trading services for over 600,000 financial instruments in over 50 markets globally. The company was founded in 2011 by a group of professionals with extensive experience in the financial world. The founders are Anatoly Knyazev, AlexyKirienko, and GatisEglitis. Their goal was to create a trading platform that would make it as easy as possible for users to trade financial instruments for business. Currently, Exante has offices in Hong Kong, London, Cyprus, and Malta. Exante also has more than 1 billion dollars in assets, with more than 7,000 accounts, and has been continuing to grow every year.
What licenses does Exante have?
One way for traders to check whether or not a broker or trading company is legitimate is by taking a look at its licenses and who is regulating it. In our case, you can rest assured that Exante is licensed and regulated in all the regions they operate, meaning you can have peace of mind when it comes to storing your funds with this firm.
In the UK, Exante is regulated and authorised by the Financial Conduct Authority, whereas in Hong Kong it is licensed by the Securities and Futures Commission under the Securities and Futures Ordinance. In Cyprus specifically, Exanteis licensed by the Cyprus Securities and Exchange Commission under the Investment Services and Activities and Regulated Markets Law of 2017. As Exante is an EU-based investment firm, it is also subject to MiFID II requirements.
What is the difference between a live and demo account?
Exante offers a demo account as well as a live trading account. The demo account is for anyone who would like to test out Exante’s trading platform and how the interface works before putting any funds in it. In fact, once a trader registers with Exante, they are automatically given a demo account. The demo account further offers virtual money so that traders can practice their trading skills and try out new strategies. That being said, there are still a few places where these two accounts differ.
For a demo account, it is important to note that the market data is delayed by at least 30 minutes, whereas in Exante’s live trading account, the market data is given to traders in real time. There are also no documents required to open a demo account, whereas to open a live account, documents must be given and verified by Exante depending on if you are an individual or corporate trader.
Investors who use Exante’s demo account also receive 1 million virtual euros to practice their trades with. The amount of the web currency can be adjusted by contacting Exante’s support. If traders run out of virtual funds on their demo accounts, they can visit the settings page to create a new sub-account with default settings to continue trading.
To gain access to the demo account, traders will first have to register an account with Exante. They will then have to pick either download a trading platform they wish to use (either desktop or mobile) and then switch to demo mode.
What instruments are offered at Exante?
Exante offers an all-in-one trading account, with over 600,00 financial instruments in over 50 markets for traders to choose from. Instruments include Stocks and Exchange-traded funds(ETFs), currencies, precious metals, futures, options, funds, and bonds.
For stocks, traders can access over 24,000 stocks from all over the world, whether they are blue chips, IPOs, or regional exchanges. Some of these stocks include the American Stock Exchange, the Australian Securities Exchange, London Stock Exchange, New York Stock Exchange (NYSE), NASDAQ Stock Market, Singapore Exchange, Tokyo Stock Exchange, and the Swiss Exchange, to name a few.
For those looking to trade derivatives, Exante also has you covered too. These include futures and options. Exante provides 500 future varieties in over 30 global futures markets, with 100% real-time prices and fast execution with ultra-low latency. For options, Exante provides perfectly calculated Greeks, implied volatility (IV) and convenient filters that allow for precise targeting. There are also over 270,000 various options for traders to choose from. These include but are not limited to: the Australian Stock Exchange, Chicago Mercantile Exchange, Hong Kong Exchange, New York Mercantile Exchange, and Osaka Securities Exchange.
Is my money safe?
Yes! Traders will breathe a sigh of relief to know that Exante is reputable, meaning they can be trusted to protect the funds you place with them. Exante’s number one priority is to guarantee transparency and reliability to its users around the world. As Exante is an EU-regulated investment firm, it complies with the MiFID II Directive. This means that it meets all the associated protocols, legal requirements and policies.
Additionally, Exante works directly with major European banks, and when it comes to clearing, Exanterelies on Tier 1 liquidity providers.
Exante further has multiple counterparties for each financial instrument in order to achieve seamless and smooth operations. With commodities trading, the deals are settled directly with the corresponding exchanges instead.
What is the minimum deposit to start trading?
For Exante, the minimum deposit to start live trading will depend on the client’s account type: whether they are an individual or corporate trader. For an individual account, the minimum deposit is 10,000 EUR/GBP. For a corporate account, it is 50,000 EUR/GBP. Traders also have the option of depositing the equivalent amount in another available currency. So far, Exante accepts US dollars, Japanese Yen, Australian dollars, Canadian dollars, Hong Kong dollars, Singapore dollars, and the Swiss franc, to name a few.
Once documents have been checked and approved, users can go on to deposit any amount. For Exante, there is no fixed minimum or maximum transfer limit. This means the deposit can be transferred in parts, or directly in one amount. However, traders should keep in mind that they will only receive access to live trading once they have reached the minimum deposit requirement for their trading account.