Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
General Company Information
Founded in 2011, Exante is a Maltese broker, which offers trading in more than 20 currency pairs, precious metals, options, bonds, stocks and ETFs through its in-house multifunctional Automated Trading Platform (ATP). Exante focuses on stocks trading, as it provides direct access to more than 25 exchanges all over the world, including NYSE, NASDAQ, CME, LSE, LIFFE, Euronext, XETRA, MOEX, TOCOM, etc.
Regulation & Safety
EXANTE Ltd., operating under the EXANTE brand, is regulated by the Malta Financial Services Authority (MFSA). The company holds a Category 2 investment services license, which qualifies it as a Fund Manager. Fund Managers are authorized to provide any investment service and to hold or control clients’ funds, but not to operate a multilateral trading facility or deal for their own account (or underwrite or place instruments on a firm commitment basis).
Like several other EU regulators (UK’s FCA & CySEC), MFSA has set a minimum capital requirement of €730,000 for license holders, which should be satisfied on an ongoing basis. Besides, they are expected to have local presence, to apply adequate internal control and risk management systems, and report to MFSA on a regular basis, among other requirements.
Regulated brokers are also required to abide by ESMA guidelines on the sale of complex products (such as forex). Malta has been a member of the European Union since 1st May 2004. So, every MFSA-regulated investment company is also MiFID compliant and therefore entitled to offer cross-border services within the EU under the MiFID Passporting Regime.
Here are the highlights of Exante `s trading conditions:
- Minimum deposit of EUR 10 000;
- Leverage up to 1:50;
- Spreads, averaged 0.3 pips on EUR/USD + of 0.5 pips commission per trade.
Taking into account the high minimum initial deposit, this broker obviously targets big players: institutional and professional clients, willing to invest large amounts of money. Spreads are really tight, however if we take into account the commission applicable, trading costs are not low, as they amount to around 1.3 pips for EUR/USD pair per lot, which is average.
Meanwhile, plenty of forex brokers offer lower cost of trading (below 1 pip) and require much less from clients to open an account with them. Cypriot broker FXTM, for instance, offers spreads averaged 0.5 pips on EUR/USD + commission $4 per standard lot round trip on its ECN accounts, accessible with just $500.
|Account type||Minimum deposit||Minimum trade size||Maximum leverage||Average Spreads|
|Standard||€10 000||0.1||1:30||0,3 pips on EUR/USD + 0.5 pips commission|
Exante offers its clients a single DMA/NDD account with leverage up to 1:30 and tight variable spreads. Account holders can access all the various markets from a single screen and trade in more than 35 000 financial instruments through the broker’s proprietary platform.
If you are looking for the industry’s standard MetaTrader 4 (MT4), you will not find it with this broker. Instead, Exante has developed its own in-house multifunctional Automated Trading Platform (ATP). It provides fast, stable and reliable performance and integrates flawlessly with outstanding applications through its FIX tool.
You can place a trade via the Order module, which appears in the right part of the screen by default. It offers the standard Sell/Buy and TP/SL orders, as well as postponed trades (pending orders). The platform also offers a Click-Trade module, where you can instantly place a trade.
You can use the following ClickTrade functions to buy or sell instruments: Join Bid, Sell Market, Sell Bid, Join Offer, Buy Market, Buy Offer. Buy/Sell Market create Market Orders, while the other buttons create Limit Orders.
There is also the Basket Trader, which enables trade in multiple instruments. You just have to add instruments by dragging them into the Basket Trader.
Besides, the platform offers multi-product portfolios management from one trading account for those who either implement different strategies or handle their clients’ accounts. MAM allows you to place orders for a chosen financial instrument on several accounts.
Market depth module is also available in Exante’s platform, showing a queue of requests to purchase or sell for the selected instrument.
EXANTE’s ATP is available for all widely-used desktop and mobile operating systems: Windows, MacOS, Linux, iOS, and Android. A web version is also available.
Methods of Payment
Much like with the account types and the trading platform, Exante offers its clients a single option for deposits and withdrawals: bank wire transfer. Popular e-payment methods such as Skrill & Neteller are not available.
Exante is a well-regulated broker, offering a wide range of financial instruments for trade in its in-house platform. It focuses primarily on stocks trading and targets institutional/large volume clients. In a nutshell, here are the advantages and disadvantages with regards to this broker.
Well-regulated MT4 not available
Tight spreads High minimum initial deposit
DMA/NDD model Low leverage levels provided
Access to many stock exchanges No choice of trading accounts, platforms, payment methods