There is no doubt that finding the right broker is crucial to a trader’s trading experience, as it can have a significant impact on their profit potential. Whether they are participating in the financial markets for the first time or a seasoned professional looking for a change, working with a reliable brokerage firm is a necessity.
Below, we have written a review of EXANTE, a global investment company that operates in over 100 countries around the world. This review will provide some general information about them, their licenses and regulations, as well as the account type the broker offers. Keep reading below to learn more.
EXANTE Sec. is a global investment company that provides direct market access to over 600,000 financial instruments in over 50 global markets from a single multi-currency account. Founded by Anatoly Knyazev, Alexey Kirienko, and GatisEglitis, EXANTE was established as an investment company with the mission of enhancing financial literacy and information transparency in investors. A professional broker made for professional traders, EXANTE emphasizes innovation in all aspects of its service. Throughout the trading experience, this can be seen through its exemplary trading platform and account types.
Security and Regulation
As of the time of writing, EXANTE services over 100 countries and is licensed in major trading regions. These include the FCA in the UK, the CySEC in Cyprus, the MFSA in Malta, and the SFC in Hong Kong. The brokerage firm also operates in the EU, meaning they are compliant with the MiFID II framework. This regulated financial market activity within the region. The strong regulatory environment EXANTE clients trade-in, as well as the broker’s compliance with strict regulations and laws, means the trading experience is incredibly secure and safe despite statements from the US Sec. EXANTE is also regularly audited by a Big Four company.
For those who are eager to sign up and start trading with EXANTE, the broker offers a few different account types for people to try out.
When it comes to live trading accounts, EXANTE has two account types. These are the individual trading account and the corporate trading account. The individual trading account has a minimum initial funding of 10,000 EUR/GBP, and traders must provide proof of identity (such as a government-issued identity card or passport) and proof of residence (such as a utility bill). Traders must make sure to use two different documents for confirmation, as one document cannot confirm both requirements.
For a corporate trading account, the minimum initial funding is 50,000 EUR/GBP, and traders must provide more documents such as proof of registration, incorporation documents, power of attorney, corporate document certification, Tax Identification Number (TIN), and more. It is important to note that the Onboarding department may request additional documents.
EXANTE also provides demo accounts to traders – this is automatically given to people who register an account with the brokerage firm. Unlike live accounts, everything takes place in a simulated environment in a demo account. Demo traders are provided with 1,000,000 EUR in virtual funds as a default, which they can then use to practice their trading skills or hone their strategies before participating in the financial markets live. That said, it is important to remember that the market data in a demo account is delayed by 30 minutes.
Restrictions on Opening a Trading Account
EXANTE is a global investment company that works with a wide range of clients from all over the world. However, there are still a few restrictions issued by the broker that concern account registration. More specifically, EXANTE currently does not work with clients from the US (citizens and residents), Japan, Iran, the Democratic People’s Republic of Korea (DPRK), Belarus, and Russia. Traders from the following countries and regions need enhanced due diligence – including Afghanistan, Bosnia and Herzegovina, Ethiopia, Iraq, Lao PDR, Syria, Uganda, Vanuatu, and Yemen.
On the whole, we give EXANTE a high score in its customer support efforts, as the broker offers reliable assistance with a professional and strong team. EXANTE also has a dedicated help guide on its website that aims to answer the most commonly asked questions regarding account settings, trading fees, and conditions, funding, and withdrawal, as well as all manners of technical issues.
For those wanting to get in touch with the broker or customer support, they are multiple ways to do so. This can be done through chat, phone, email, or even call requests 24/7. The brokerage firm also guarantees an answer within three minutes of receiving a receipt for the request. Phone support is in English; however, multi-lingual specialists are available in online chat for those who prefer to seek help in their native or first language. Other languages include Spanish, German, Portuguese, and Chinese, to name a few.
Overall, EXANTE is a professional broker that adheres to providing a safe, transparent, and innovative trading environment to clients. Complying with international regulatory requirements, it enables traders to trade with confidence. The broker also offers full functionalities to both live and demo account holders, and customer support is robust, with quick responses from knowledgeable specialists. For those considering a broker, EXANTE is a good one to consider, and you can expect a smooth and professional trading experience with them.