Exante is a leading broker that is quickly climbing the ranks in the financial sector and has seen many investors becoming interested in its offers and services. As a professional trading firm, they mainly target high-value clients, although Exante’s platform remains extremely accessible, even to novices and beginners alike. They offer a wide range of instruments for investors around the world to trade with, and are regulated in a variety of different regions. Their fees and also incredibly transparent. For those interested in learning more about what Exante offers, be sure to keep reading this article to find out more.
Exante was established in 2011 by a group of financial professionals and is a multi-licensed investment company that offers traders direct market access to a wide variety of financial instruments through an all-in-one trading account. These financial instruments and markets include stocks, bonds, ETFs, precious metals, options, currencies, and futures. Exante broker also provides traders with a user-friendly and intuitive platform that is easy to understand and navigate with state-of-the-art technology. Traders can also benefit from shorting, cross margining and margin trading. Exante further has over 1,1000 servers all over the world in order to ensure the lowest latencies and the safe transfer of data.
Licensing and regulations
Traders can breathe a sigh of relief knowing that Exante is licensed and regulated in all the regions they are working with. This means that Exante is trustworthy, and traders do not need to worry about putting their funds and assets with the company.In the UK, Exante is regulated and authorised bythe Financial Conduct Authority, while in Hong Kong, the firm is licensed by the Securities and Futures Commission under the Securities and Futures Ordinance.
In Cyprus, Exante is licensed by the Cyprus Securities and Exchange Commission. As an EU-based investment firm, it complies with MiFID II requirements, which is a framework that regulated financial markets in the EU and improves protections for investors. The aim of the MiFID II is to standardise financial practices across the EU and boost confidence in the industry.
Instruments and Markets
Exante provides traders with a variety of financial instruments and markets to trade with – in fact, the company boasts over 600,000 instruments and 50 markets worldwide. Traders also have direct market access from one single comprehensive account and can use previously employed instruments as leverage to obtain new assets. Some standard financial instruments include stocks, ETFs, precious metals, currencies and funds.
For traders who are more interested in trading derivative instruments, Exante has you covered too. The investment firm allows investors to also gain access to options and futures. Exante further boasts 100% real-time prices on all of its instruments, as well as 10 ms fast execution, and ultra-low latency, meaning that traders can immediately identify and capture opportunities as soon as they pop up in the market.
Fees and charges
When it comes to fees and charges for services, Exante is very transparent and clear about them. This should be a great relief for investors looking to try out Exante for themselves. Basically, fees are only charged for real trades, with the size of the minimum traded unit varying by financial instruments. This can be found on the ‘instruments’ tab on the Exante trading platform.
Investors must note that Exante charges fixed, or variable fees based on the financial instrument. For fees that are calculated based on a percentage commission, Exanteusually rounds the final fee up to the nearest hundredth in decimals.
For stocks and ETFs, the specific rates are:
- The maximum rate on the main US exchanges is $0.02 per share.
- On the European exchanges, fees can vary between 0.02% to 0.18%.
- Trading on major European exchanges such as Euronext Paris or Euronext Brusselshas a 0.05% fee.
- Traders can also access major Asian exchanges, with fees ranging from 0.1927% on Hong Kong Exchanges or 0.1% on the Tokyo Exchange.
On the whole, transfers to Exante’s platform are not charged from the side of Exante, and there are no fees for transfers between a trader’s own account and subaccounts within Exante. Exante further allows traders to use leverage for free, with FIX API and HTTP API connection also provided free of charge – but it is only available for clients with at least 50,000 EUR or equivalent in their deposit.
However, investors still need to keep in mind that some charges may come up before the funds reach their Exante account. These charges may be due to an issuing intermediary/beneficiary brand that processes wire transfers.
When it comes to withdrawing funds from Exante’s trading account, the only option is through a bank transfer. This is because it is the most secure way to take out a significant amount of money. Unfortunately, withdrawal from a credit card is not supported by Exante.
This withdrawal process only takes a few simple steps. The only thing clients need to do is log into Exante’s Client’s Area and navigate to the ‘Account’ tab and select transfers. After specifying the exact amount, traders can withdraw their funds in just one click.
The basic Exante account allows withdrawals in USD, EUR, GBP, CHF, CZK, and PLN. Multi-currency balances will be automatically converted into a single withdrawal currency if a trader has previously added money to their account in cash (not asset transfer). Investors can also change the currency of their funds directly on Exante’s platform. It generally takes one business day to approve a withdrawal request, however, users should note that bank processing may take up to five business days and require additional fees, which Exante does not determine.
The Exante web platform
If you do not wish to download Exante’s trading platform, you have the option of using their web platform, instead. It provides traders with a fast and convenient way to trade directly using their web browsers whenever they are, so long as they have internet access. The platform is also easy-to-use and intuitive and is almost identical to the downloadable version. It is also equipped with sophisticated charting and tracking tools. Exante’s web platform can be opened in Chrome, Safari, Opera or Firefox browsers, making it extremely versatile and flexible.