EXANTE is a broker that was founded in 2011. It is regulated by the SFC in Hong Kong, the FCA in the United Kingdom, the MFSA in Malta, and the CySEC in Cyprus. It is a rapidly growing investment firm designed for advanced traders and it currently has over 2 billion USD in assets. Traders who wish to learn more about the broker can visit its official website for detailed information on its management team, background, and offerings. For those who wish to learn more about the broker’s accounts and functions, read on.
EXANTE accounts and functions
EXANTE offers several types of accounts for traders. However, they are all geared towards professionals who have the experience and the funds to trade in an advanced manner. These include individuals who have worked in the industry, corporate clients such as financial institutions and fund managers, and those who seek to make large trades. Beginners and intermediate retail traders looking for a new broker will not find this firm suitable.
Individual account
Individual accounts are available for experienced traders, and it has a minimum deposit requirement of 10,000 EUR/GBP. This is certainly a high threshold, but traders who work with the broker can access over 50 financial markets around the world and over a million instruments are at their fingertips. They can also benefit from superior execution with speeds of 10m/s, leveraged trading options, and the ability to automate their trades – more on this below, in our review of EXANTE’s platform.
Corporate account
Corporate accounts are also offered by EXANTE. These are designed for those who wish to trade in bulk or manage large amounts of funds. Corporate accounts require proof of company registration and information on shareholders, and it has a minimum deposit requirement of 50,000 EUR/GBP.
How to sign up for an individual or corporate account
Traders can open an individual or corporate account that supports multi-currency trading by registering on the EXANTE website. They will then be directed to a Client’s Area which will allow them to fill in a questionnaire to indicate their trading experience and areas of interest. Afterwards, they will need to verify their documents, and if they have all the documents required, verification can take as little as one business day. Post-verification, traders can fund their accounts – 10,000 EUR/GBP for individual accounts and 50,000 EUR/GBP for corporate accounts.
For those who wish to create both types of accounts – this can be done, and a trader can access an individual and corporate account separately.
Demo account
Demo accounts are also offered by EXANTE. They are available automatically upon registration, and demo traders receive 1,000,000 EUR in virtual funds to test out their strategies and practice trading on the EXANTE platform. There is some benefit to testing out trading with the demo account for those who wish to test out a new or different financial market, and certainly for those who are switching brokers and need time to adjust to the EXANTE trading platform.
The EXANTE trading platform
EXANTE offers their proprietary trading solution for all their traders – live and demo. The trading platform can be accessed on mobile, through a web browser, and through desktop, supported by both iOS and the Windows operating system. The trading platform is known for advanced functionalities, including algorithmic trading.
Algorithmic trading on the EXANTE platform – how it works
EXANTE offers an API for algorithmic trading and quotes monitoring. The third-party tool is based on the most common protocol for the market, FIX 4.4, and this connection allows traders to obtain market data and execute trades with another tool. It can be considered a bridge, and the FIX bridge enables execution and data retrieval. All data is encrypted to provide additional safety, and traders can monitor all account activity in the platform interface or with third-party tools. This FIX bridge can be set up when traders request credentials from EXANTE, which can be done through contacting their Account Manager and is free of charge.
Additionally, traders can use HTTP API to design sleek and fast apps that help them make better trading decisions. An example is a smart messenger bot that delivers alerts, or traders can work with options strategy advisor apps to take their market analysis further. This is a great way for sophisticated traders to have the opportunity to really implement their own strategies how they want.
For more information on its platform and functions, you can visit this EXANTE review which documents specifically how the platform works and how traders can benefit from using it.
Final thoughts
EXANTE promotes itself as a one-stop shop for advanced traders that would like to participate in global markets individually or through a corporate identity, and indeed, they are able to equip their clientele with top-notch technology and innovative solutions. The account minimum deposit levels are high at 10,000 EUR/GBP and 50,000 EUR/GBP, but they do have the technology to back up their claims to sophistication. This higher barrier to entry also allows advanced traders to enjoy the platform and the broker’s services more exclusively, which is a positive feature for large clients who look for committed customer service support.
