Exante Review – Is Exante a good forex broker?

Exante Review – Is Exante a good forex broker?

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.

Exante Markets

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.

MFSA

Trading Conditions

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.

Trading accounts

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.

Trading Platforms

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.

EXANTe platform review

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. Exante click 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

No Skrill & Neteller

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.

 

 

 

Conclusion

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.

Pros                                                                                       Cons

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

Rich Snippet Data
Review Date
Reviewed Broker
Exante
Broker Rating
31star1star1stargraygray
Exante Review – Is Exante a good forex broker?

General Company Information Founded in 2011, Exante is a Maltese broker, which offers trading in more than 20 currency pairs, precious metals,

Regulation & Safety 7.5
Minimum initial deposit 4
Leverage 4
Cost of trading (spread & commission) 6.5
Overall 5.5
Summary
Exante is a Maltese 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.
5.5
User Rating : 3.5 (2 votes)

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1 Comment

  1. I foolishly invested a large amount of money with WMOptions approximately January 2017, who have now changed their name to PrimeCFDS.

    My account manger Ethan Stark assured me that I would easily be able to make a withdrawal. Not long after informing my account manger I would be making a withdrawal soon, he refused to answer my calls. After contacting their support number, i was told the reason was that i now have a new account manger Mark Spencer. Mark informed me that my account set up with a bonus, prevents me from making a withdrawal until a massive trading volume is achieved.

    Mark offered 3 different options to consider where they would reduce the credit, and the wager against it, if I put in some money that would reduce the so called Bonus, or credit as they now call it. If i took one of these options they would allow me to withdraw a sum each month as required. He was very pushy about this, and now that i have decided to stay with the current setup he has gone sulky and says i am now on my own, despite being told that they would be on call to help when required. i am forever gratefull to my inlaw who introduced me to [email protected] who helped me recover my lost funds

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