EXANTE
Pros and Cons
Pros
- Regulated by Cyprus Securities and Exchange Commission (CySEC)
- Access to over 1.5 million financial instruments
- Proprietary trading platform with advanced trading tools
- 24/7 customer support available in multiple languages
- Minimum deposit of €10,000 for individual accounts
Cons
- High minimum deposit requirement of €10,000 for individual accounts
- Withdrawal fee of €30 per transaction
- Limited payment methods for deposits and withdrawals (bank transfer only)
- No access to third-party indicators on the trading platform
- Inactivity fees may apply after six months of no trading activity
Basic Information
User Reviews
EXANTE Overview
EXANTE is a forex broker founded in 2011 and headquartered in Cyprus. It operates under the company name XNT LTD and has been providing brokerage services for over a decade, establishing a reputation for offering direct market access to a wide range of financial instruments. EXANTE is regulated by CySEC, ensuring compliance with stringent financial standards and providing a trustworthy trading environment for its clients.
The broker offers a comprehensive suite of services, including access to over 1.5 million financial instruments such as forex, stocks, ETFs, bonds, futures, and options, all from a single multi-currency account. EXANTE’s proprietary trading platform features advanced tools for market analysis and execution, catering to both professional traders and institutions. Customer support is available 24/7 through multiple channels, ensuring that traders receive timely assistance. With a commitment to innovation and security, EXANTE stands out in the brokerage landscape by providing a personalized trading experience and safeguarding client funds through leading custodians.
Is EXANTE Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | Segregated Funds |
Is EXANTE Regulated and How Are Client Funds Protected?
EXANTE is regulated by the Cyprus Securities and Exchange Commission (CySEC), which ensures compliance with strict financial standards and provides a legitimate trading environment for clients. As a licensed broker, EXANTE adheres to the EU MiFID II directive, which mandates that client funds are kept in segregated accounts separate from the company’s operating capital. This structure not only safeguards client assets but also enhances transparency and accountability in financial transactions. Regular audits and compliance checks further reinforce EXANTE’s commitment to maintaining a secure trading environment. Clients can therefore trade with confidence, knowing their funds are protected within a regulated framework.
Trading Products and Services
What trading instruments does EXANTE offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
EXANTE provides a diverse range of trading instruments, offering traders access to multiple asset categories including forex, commodities, indices, stocks, and cryptocurrencies. This variety enables both beginner and professional traders to tailor their trading strategies effectively. With over 1.5 million financial instruments available, traders can easily diversify their portfolios and adapt to changing market conditions. The platform’s ability to accommodate various trading styles supports flexibility, allowing users to engage in both short-term trading and long-term investment strategies. Overall, EXANTE’s comprehensive suite of trading tools ensures that all types of traders can find suitable options to meet their investment objectives.
Account Types and Trading Conditions
What Account Types and Fees Does EXANTE Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Individual Account | Private investors | Access to diverse financial instruments, competitive pricing | Minimum deposit of €10,000 |
| Corporate Account | Corporate clients | Multi-asset access, dedicated account management | Minimum deposit of €50,000 |
| Demo Account | All traders | Practice trading with virtual funds | No deposit required, available upon registration |
Account Opening Process
To open an account with EXANTE, users must follow a straightforward process that includes submitting personal, employment, and financial information. Identity verification is required, where clients must provide a form of ID along with proof of address. Additionally, there is flexibility in account types, allowing traders to upgrade from an individual to a professional account as their needs evolve.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| CFDs (Stocks, Indices) | Variable | $3 per lot | Competitive for a wide range of instruments |
| Cryptocurrencies (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
EXANTE may charge various fees that traders should consider, such as deposit and withdrawal fees, which are notably €30 per withdrawal. Inactivity fees may apply if accounts are dormant for an extended period. Additionally, platform usage fees and overnight interest (swap rates) could be relevant for users, along with potential currency conversion fees for transactions involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does EXANTE Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| Proprietary Trading Platform | Windows, macOS, Web | Secure login, multiple order types, price alerts, technical indicators | Demo accounts, API access |
| Mobile App | iOS, Android | Secure login, symbol lookup, push notifications | Demo accounts |
| Web Version | All browsers | Encryption, one-click trading, market search tools | API access |
EXANTE offers a range of trading platforms, each catering to different needs. The proprietary trading platform is suitable for desktop users who require comprehensive tools and advanced features, while the mobile app provides convenience for traders on the go with essential functionalities. The web version ensures accessibility for all users regardless of their device. All platforms emphasize security through encrypted logins and offer fast order execution, real-time alerts, and efficient market search tools, supporting a seamless trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min €10,000 / Max €1,000,000 | EUR, USD |
| Credit/Debit Card | Instant | No platform fee, 1.5% charge on withdrawals | Min €10,000 / Max €50,000 | EUR, USD |
| Cryptocurrency | Instant | No platform fee | Min €10,000 / Max €100,000 | EUR, USD |
| Wire Transfer | 2–4 days | No platform fee | Min €10,000 / Max €500,000 | EUR, USD |
Minimum Deposit
EXANTE requires a minimum deposit of €10,000 for individual accounts. This amount is consistent across payment methods, ensuring that all traders meet the entry threshold to start trading.
How to Withdraw
- Log in to your EXANTE account.
- Navigate to the ‘Withdrawal’ section in the account menu.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Confirm your withdrawal request by following the on-screen instructions.
- Check your email for a confirmation of your withdrawal request.
Customer Support
EXANTE Customer Support Overview
Support Channels
EXANTE provides multiple contact methods for customer support, ensuring that traders can easily reach out for assistance. The main channels include:
- Email: Clients can send inquiries to support@exante.eu for assistance.
- Live Chat: Access live support directly through the client’s area for prompt assistance.
- Telephone: Reach EXANTE’s support team via phone at various regional numbers.
- Social Media: Interact with EXANTE through their social media profiles for updates and support.
Service Availability
EXANTE offers 24/7 customer service, providing traders with support at any time. The support team is multilingual, speaking English and several other languages, ensuring that clients can receive help in their preferred language.
Additional Resources
In addition to direct support, EXANTE offers valuable resources such as video tutorials and market analysis to help traders improve their skills and stay informed about market trends.
Frequently Asked Questions
EXANTE is regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring compliance with strict financial standards. Client funds are protected through the use of segregated accounts, which means that client assets are kept separate from the company’s operating capital, enhancing security and transparency in financial transactions.
EXANTE offers access to a diverse range of over 1.5 million financial instruments, including forex, stocks, ETFs, bonds, futures, options, and cryptocurrencies. This extensive selection allows traders to effectively diversify their portfolios and adapt their trading strategies to changing market conditions.
To open an individual account with EXANTE, a minimum deposit of €10,000 is required. This amount applies to all payment methods, ensuring that all traders meet the entry threshold to start trading.
EXANTE provides multiple contact methods for customer support, including email at support@exante.eu, live chat through the client’s area, and telephone support via various regional numbers. Customer support is available 24/7, ensuring timely assistance in multiple languages.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.