Is EXANTE a good broker for advanced traders? 2024 Review
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EXANTE is a broker that is founded in 2011 by Alexey Kirienko, Anatoly Knyazev, and Gatis Eglitis. As a broker that targets professional and advanced traders, EXANTE prides itself in offering sophisticated trading technology in the form of their proprietary trading solution, the EXANTE trading platform. Another unique selling point of the broker is their diverse range of instruments offered – over one million in 50+ financial markets around the world.
EXANTE has promoted its services and offerings with the professional trader in mind, and in this review, we will dive deeper into what exactly these services and offerings are. We will also offer our opinion on the broker in general and provide information on its background, such as its regulatory status. To learn more, you can also visit another professional traders’ review of EXANTE.
Regulations and background of EXANTE
EXANTE is a global broker that serves clients in multiple countries and regions around the world. It is regulated by the SFC in Hong Kong, the FCA in the United Kingdom, the MFSA in Malta, and the CySEC in Cyprus.
Who is EXANTE’s target demographic?
EXANTE’s target demographic is professional and experienced traders who trade in high volumes and execute complex strategies. This is reflected in their account offerings that begin from 10,000 EUR (or currency-equivalent) and their offer of a corporate trading account for banks, brokers, and other financial institutions that begin from 50,000 EUR (or currency-equivalent).
Their target demographic of professional traders also leads to their development of advanced and sophisticated trading technology – including their proprietary solution, the EXANTE trading platform.
Is EXANTE a good broker for advanced traders?
To determine whether EXANTE is a good broker for those who would like to trade on a more advanced level, it is essential to go through their account and product offerings. We will also review their trading platform in this article, particularly showcasing the functionalities that sophisticated users will find helpful – such as automated trading.
Account options
EXANTE offers two live trading account options and one demo trading account option.
The live trading account options are individual and corporate. Individual accounts start from 10,000 EUR (or currency-equivalent) and they allow traders to access their full instrument list with live market data. All live trading accounts support multiple currencies.
There is also the option of a corporate trading account for those who wish to trade on behalf of their financial institution such as a bank or broker. Corporate accounts begin at 50,000 EUR (or currency-equivalent).
Individuals who wish to trade from both their own account and an account for their corporation can do so, by simply signing up to both.
Additionally, likely because the entry barrier is relatively high at 10,000 EUR and 50,000 EUR, EXANTE provides demo trading for those who wish to take time to get used to their platform or want to see if they are the right fit. The demo account is created for free upon registration, with no identity verification required. Those who wish to trade on demo will receive 1 million EUR of virtual funds which can be reset. They will be able to place paper trades on EXANTE’s large instrument offering, but market data on the demo platform will be delayed by 30 minutes.
Products offered
EXANTE offers over a million tradable instruments, and the benefit that advanced traders have when working with this broker is that they can diversify their portfolio freely. Products offered include forex, stocks, bonds, metals, and derivatives such as options and futures. There is no margin fee on trades.
- 50 FX pairs
- 25,000+ stocks from global financial markets
- Corporate and government bonds from the US and Europe
- Metals such as copper, gold, silver, platinum, and palladium
- 250,000+ options
- Futures from 30+ exchanges
Trading platform capabilities
EXANTE offers their own trading solution, the EXANTE trading platform. It is accessible via web terminal, trading app, and as a desktop application. The trading platform is standard in terms of charting functionalities and modules are customizable. It also comes equipped with the ability to work with one-click trading.
What impresses is the ability for advanced traders to work with two of EXANTE’s APIs. The HTTP API can be integrated into the trading platform for traders to build data-rich apps, which include notifications for price alerts and market analysis data. The FIX API – built on the FIX 4.4 protocol and enhanced – can also be made available for traders who have over 50,000 EUR (or currency-equivalent) in funds in their live trading accounts. This allows traders to participate in algorithmic trading. EXANTE also has data centers around the world to facilitate smooth and fast (under 10ms) execution of trades.
Our verdict: should advanced traders work with EXANTE?
For professional or advanced traders looking for a broker that provides sophisticated technology and the ability to trade on a wide variety of instruments – EXANTE is certainly a worthy partner in trading. The high entry barrier will not be a deterrent to those who regularly trade in high volumes. The lack of margin fees is also a benefit for those who prefer to trade with leverage. Overall, we can recommend this broker for those who are looking to execute complex trading strategies and personalize their trading experience.
