Before diving into the financial markets, the first thing a trader must do is pick a suitable broker and the right kind of trading account. This is because not all brokers are created equal. They will differ in their services, offerings, and requirements, and it is essential to find the one that best suits your needs. In this broker review, we take a look at what EXANTE offers in terms of accounts, its background, and who can open an account with the brokerage firm.
EXANTE is a global investment firm that provides traders with direct market access through its client-centric trading and investment solutions. With over a decade of experience delivering personalised investment solutions to clients, EXANTE is completely licensed and regulated in all the regions it is based in. It is regulated by the FCA in the UK, the CySEC in Cyprus, the MFSA in Malta, and the SFC in Hong Kong. EXANTE’s trading platform is incredibly intuitive and robust, enabling direct market access to a wide range of financial instruments including stocks, Exchange-Traded Funds (ETFs),bonds, futures, and options, to name a few.
As of the time of writing, EXANTE boasts over 600,000 financial instruments and has $2 billion in total assets in management. In developing EXANTE, its founders saw technology as a means to improve global connectivity in the financial services industry, with privacy and personal service being the vital components of how EXANTE envisions the future of investment services.
Main account types and requirements
EXANTE offers two types of live trading accounts (corporate and individual) in addition to one demo trading account. For those wishing to know more about the account details, we have broken it down below. Please note that this information is accurate at the time of publishing. For complete requirements, please double-check on the broker’s website.
Traders can open an individual multi-currency and multi-asset account with a minimum deposit of 10,000 EUR/GBP. Documents that are needed to open and verify an individual trading account include proof of identity and proof of residence. Please note that traders must use two different documents for these proofs. Additionally, bills for mobile services or credit card statements are not eligible.
Corporate accounts necessitate a minimum deposit of 50,000 EUR/GBP. Documents required to open a corporate account include proof of registration, incorporation documents, registered office, proof of active status, corporate document certification, tax identification number (TIN), and more. Please note that the On boarding department may request additional documents. For some more information on the documents required, please visit EXANTE’s official website.
Traders will also be pleased to know that EXANTE provides a demo account for traders. This is a good way for traders to practice their trading techniques and hone their skills. Registration is free of charge – in fact, a demo account is automatically given to those who register an account with EXANTE.
In the demo account, traders receive simulated funds (virtual money) of up to 1,00,000 EUR to test out their strategies and try out trading in various markets. The amount of virtual money can be changed by calling EXANTE’s customer support. As a demo account is risk-free, traders can neither profit nor incur any losses when trading. Market data given in a demo account is delayed by at least 30 minutes in comparison to a live account.
Live account functions and features
Live accounts that EXANTE provides allow traders to receive 100% real-time market data. Traders looking to open separate corporate and individual accounts will find that this is also possible with EXANTE, which is great news for those looking to trade both personally and professionally.
Both the demo and live account allow traders to gain access to the entire product range that EXANTE offers. This includes over 600,000 financial instruments, and it covers forex, bonds, stocks, ETFs, options, futures, and commodities.
Who can open an account with EXANTE?
As EXANTE is a global broker, most people can open an account with them. That said, there are some opening parameters. the broker does not currently take clients from the USA (both citizens and residents), Japan, the Democratic People’s Republic of Korea (DPRK), Iran, Belarus, and the Russian Federation.
Additionally, there is a requirement for Enhanced Due Diligence for clients from Afghanistan, Bosnia and Herzegovina, Ethiopia, Lao PDR, Syria, Iraq, Uganda, Vanuatu, as well as Yemen. While the information provided in this review is accurate at the time of writing, it is best for traders to check on EXANTE’s official website, as the firm does update this list frequently.
EXANTE offers clients a way to access global financial markets no matter where they are with their top-notch trading accounts. There are over 600,000 instruments on offer, meaning traders will find it easy to diversify their accounts, thus lowering the risk when they trade. If traders are looking to gain access to a live trading account, they must provide the required documents and meet the minimum level of funding. If not, they can only gain access to EXANTE’s demo account, which only allows for paper trading.